Overnight Digest - Five stocks to watch out on March 9

The five stocks that may witness some kind of significant movements on March 9 in the markets are: Dalmia Bharat, Jaiprakash Associates, Syndicate Bank, Intellect Design Arena, Tata Consultancy Services (TCS).

a) Dalmia Bharat: Dalmia Bharat has got fair trade regulator Competition Commission of India's (CCI's) approval to acquire 15 per cent stake in its subsidiary Dalmia Cement Bharat from private equity firm KKR for over Rs 1,218 crore in a cash and stock deal. 

b) Jaiprakash Associates: Infrastructure giant Jaiprakash Associates could not pay semi-annual interest on convertible bonds to its bondholders as it struggles with high debt and sluggish economy, it said in a regulatory filing on Bombay Stock Exchange on Tuesday. 

c) Syndicate Bank: The CBI is investigating an alleged fraud at state-run Syndicate Bank that involves more than Rs 1,000 crore. The agency is searching 10 locations that include bank branches and homes of bank employees. The alleged fraud includes the use of fake bills and providing overdraft limits against non-existent life insurance policies.

d) Intellect Design Arena: Intellect Design Arena’s iGTB division announced its partnership with OutsideIQ to deliver DDIQ, the most advanced due diligence screening tool for compliance.

e) TCS: TCS has forged a powerful new partnership with Boy Scouts of America (BSA), which is one of the largest youth organizations in the United States, with more than 2.4 million youth members and nearly one million adult volunteers,  to provide Hands-on computer science programmes through goIT.