Overnight Digest - Five stocks to watch out on April 12

The five stocks that may witness some kind of significant movements on April 12 in the markets are: Tata Steel, Aditya Birla Nuvo, Cairn india, TechNVision Venture, Reliance Communications.

a) Tata Steel: Tata Steel UK informed about signing an agreement to sell its Long Products Europe business to the family investment office, Greybull Capital.

b) Aditya Birla Nuvo (ABNL): Sun Life Financials has increased the stake in the life insurance joint venture Birla Sun Life Insurance from 26 per cent to 49 per cent. ABNL continues to hold controlling stake in BSLI at 51 per cent.

c) Cairn India: The government on Monday said it will not allow merger of subsidiary Cairn India with its flagship firm Vedanta Ltd. unless the Rs 10,247 crore tax issue is settled.

d) TechNVision Ventures: Solix Technologies has partnered with digital transformation service provider Dell Digital Business Service to help customers achieve improved business results by effectively managing enterprise information investors.

e) Reliance Communications: Technology giant IBM has partnered with Reliance Communications (RCom) to provide a complete portfolio of cloud services to customers.