TCS, Idea Cellular among five stocks in news today

The Sensex and Nifty are expected to open lower on Friday tracking Asian markets which wobbled as investors braced for US tariffs against China, while the euro flirted with two-week lows after a cautious European Central Bank indicated it would not raise interest rates for some time.

At 8:00 am, SGX Nifty was trading at 10,797, down 18 points or 0.17 per cent.

US President Donald Trump has made up his mind to impose “pretty significant” tariffs and will unveil a list targeting $50 billion of Chinese goods on Friday, an administration official said. Beijing has warned that it was ready to respond.

The Asia Pacific MSCI index edged down 0.2 per cent, with most regional markets shrugging off a strong close on Wall Street. But Japan’s Nikkei average added 0.5 per cent.

Here are five stocks in news today:

Tata Consultancy Services share price: The board will consider buyback proposal in a meeting later today. In another news, TCS is said to be building software for government's Ayushman Bharat scheme.

Dr Reddy's share price: The US Food and Drug Administration on Friday approved the first generic versions of Suboxone (buprenorphine and naloxone) sublingual film (applied under the tongue) for the treatment of opioid dependence. The generic version will be sold by partners Mylan NV and Dr Reddy's Laboratories SA. In another bews, Dr Reddy's could be removed from Sensex in the likely reconstitution. 

Punj Lloyd share price: Engineering and construction firm Punj Lloyd expressed hope that the insolvency plea against the company by ICICI Bank would not be admitted by the National Company Law Tribunal (NCLT). According to the company, 90 per cent of its lenders are supporting a resolution plan under the leadership of the State Bank of India for restructuring the outstanding debts of the company. 

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Idea Cellular share price: The Department of Telecom (DoT) will seek a bank guarantee of around Rs 2,100 crore for clearing Idea Cellular's planned merger with Vodafone India, a government source said on Thursday to PTI.

Manappuram Finance share price: The Financial Resources and Management Committee of the Board of Manappuram Finance at its meeting held on 14 June 2018 approved the issue of Non-Convertible debentures having a face value of Rs 10 lakh each on a private placement basis up to an aggregate value of Rs 100 crore.