India Daybook – Stocks in News
Siemens: Ministry of Railways issues LoA for manufacturing & maintenance of 9,000 HP Electric Freight Locomotives to Siemens. (Positive)
Tata Motors: Signs definitive agreement with DTC for operating 1,500 electric buses in New Delhi (Positive)
Infibeam: RBI renews Certificate of Authorisation to operate Bharat Bill Payment Operating Unit on perpetual basis (Positive)
Deep Industries: Company receives Letter Of Award worth Rs 135.19 crore from ONGC (Positive)
SJVN: Company wins 100 MW wind power project at Rs 2.90/unit (Positive)
Suryoday Small Finance: Board approved transfer of stressed loan portfolio of Rs 492 cr to ARC for Rs 135 cr (Positive)
Reliance Capital: Hinduja Group revises bid to Rs 10,000 cr. Torrent Group had offered Rs 8,600 cr (Positive)
Alkem Laboratories: Eight Roads Ventures India Healthcare IV LP, and F-Prime Capital Partners Life Sciences Fund VI LP are going to pick an 8 percent stake in Alkem subsidiary (Positive)
Veranda: Edureka collaborates with PURDUE University to offer online Post Graduate Program Certifications. (Positive)
HomeFirst: Company raises INR 280 Crs from IFC (Positive)
DB Realty/Godrej Prop: DB Realty subsidiary Neelkamal Realtors Tower has entered into a 50:50 joint venture with Godrej Properties (Positive)
BHEL: Company and Sumitomo partner for circulating fluidised bed combustion boilers (Positive)
Welspun Corp: Has commissioned a coke oven plant with a capacity of 210,000 tonne per annum in Anjar, Gujarat. (Positive)
HDFC: IFC extends $400 million to HDFC to support affordable green housing in India (Positive)
Landmark Cars: Goldman Sachs Funds Goldman Sachs India Equity Portfolio has picked up nearly 1 percent stake (Positive)
Suven Pharma: Advent International to acquire a significant stake in Suven Pharma from the Jasti family (Positive)
Spice Jet: Company continues to explore options to settle dues (From Agencies) (Neutral)
NDTV: Adani will control 64.71 percent stake as founders Prannoy Roy and Radhika Roy have decided to transfer 27.26 percent stake in the company to Adani (Neutral)
JSW Energy: Company gets shareholders' nod to appoint Parth Jindal as director (Neutral)
Gateway Distriparks: Company completes acquisition of ICD Kashipur (Neutral)
Quess Corp: Board approves withdrawal of the merger scheme with Allsec Tech (Neutral)
KTK Bank: Sekhar Rao appointed as the Executive Director of Karnataka Bank (Neutral)
Vedanta: Company says declared as preferred bidder for Bicholim mineral block in Goa (Neutral)
Equitas Small Bank: The bank has extended the term of managing director and chief executive officer P N Vasudevan by three years. (Neutral)
Zota Healthcare: Barclays Securities India sold 2.13 lakh shares
Marico: Govt hikes copra MSP by 3-7% for 2023
UBL: NCLAT upholds penalty of Rs 870 crore imposed on beer giants United Breweries and Carlsberg
Siemens: Ministry of Railways issues LoA for manufacturing & maintenance of 9,000 HP Electric Freight Locomotives to Siemens. (Positive)
Tata Motors: Signs definitive agreement with DTC for operating 1,500 electric buses in New Delhi (Positive)
Infibeam: RBI renews Certificate of Authorisation to operate Bharat Bill Payment Operating Unit on perpetual basis (Positive)
Deep Industries: Company receives Letter Of Award worth Rs 135.19 crore from ONGC (Positive)
SJVN: Company wins 100 MW wind power project at Rs 2.90/unit (Positive)
Suryoday Small Finance: Board approved transfer of stressed loan portfolio of Rs 492 cr to ARC for Rs 135 cr (Positive)
Reliance Capital: Hinduja Group revises bid to Rs 10,000 cr. Torrent Group had offered Rs 8,600 cr (Positive)
Alkem Laboratories: Eight Roads Ventures India Healthcare IV LP, and F-Prime Capital Partners Life Sciences Fund VI LP are going to pick an 8 percent stake in Alkem subsidiary (Positive)
Veranda: Edureka collaborates with PURDUE University to offer online Post Graduate Program Certifications. (Positive)
HomeFirst: Company raises INR 280 Crs from IFC (Positive)
DB Realty/Godrej Prop: DB Realty subsidiary Neelkamal Realtors Tower has entered into a 50:50 joint venture with Godrej Properties (Positive)
BHEL: Company and Sumitomo partner for circulating fluidised bed combustion boilers (Positive)
Welspun Corp: Has commissioned a coke oven plant with a capacity of 210,000 tonne per annum in Anjar, Gujarat. (Positive)
HDFC: IFC extends $400 million to HDFC to support affordable green housing in India (Positive)
Landmark Cars: Goldman Sachs Funds Goldman Sachs India Equity Portfolio has picked up nearly 1 percent stake (Positive)
Suven Pharma: Advent International to acquire a significant stake in Suven Pharma from the Jasti family (Positive)
Spice Jet: Company continues to explore options to settle dues (From Agencies) (Neutral)
NDTV: Adani will control 64.71 percent stake as founders Prannoy Roy and Radhika Roy have decided to transfer 27.26 percent stake in the company to Adani (Neutral)
JSW Energy: Company gets shareholders' nod to appoint Parth Jindal as director (Neutral)
Gateway Distriparks: Company completes acquisition of ICD Kashipur (Neutral)
Quess Corp: Board approves withdrawal of the merger scheme with Allsec Tech (Neutral)
KTK Bank: Sekhar Rao appointed as the Executive Director of Karnataka Bank (Neutral)
Vedanta: Company says declared as preferred bidder for Bicholim mineral block in Goa (Neutral)
Equitas Small Bank: The bank has extended the term of managing director and chief executive officer P N Vasudevan by three years. (Neutral)
Zota Healthcare: Barclays Securities India sold 2.13 lakh shares
Marico: Govt hikes copra MSP by 3-7% for 2023
UBL: NCLAT upholds penalty of Rs 870 crore imposed on beer giants United Breweries and Carlsberg
News Headlines from Business News Agencies: 🇮🇳
Business Standard
• India better placed as world deals with Covid, economic headwinds
• Hinduja sweetens offer for RCap to counter Torrent group's winning bid
• Founders Prannoy Roy, Radhika Roy exit NDTV, transfer most stakes to Adani
• Centre makes PDS free for 810 mn people; annual outlay likely at Rs 2 trn
• S Korea's National Assembly passes 2023 budget, cuts corporate tax
• Ex-ICICI Bank CEO Chanda Kochhar, husband arrested in loan fraud case
• US President Joe Biden signs $858 billion defence authorization bill
• India garners praise for UNSC's December Presidency by member states
• Indian American Richard Verma to be Dy Secy of US State Department
• JSW Energy gets shareholders' nod to appoint Parth Jindal as director
• NCLAT sets aside pleas against CCI's Rs 873-cr penalty on UBL, beer makers
• Welspun completes sale of six road assets to Actis for Rs 6,025 crore
• Tata Motors arm, DTC sign pact for operation of 1,500 e-buses in Delhi
• Google dials NCLAT against CCI's Android order, Rs 1,337-crore fine
• BHEL, Sumitomo partner for circulating fluidised bed combustion boilers
• Vedanta says declared as preferred bidder for Bicholim mineral block in Goa
Economic Times
• An inflation measure watched by the Fed eases to 5.5%
• India needs to focus on tech, energy and skilling, says FinMin
• India exports wheat worth USD 1.5 bn during Apr-Oct
• Airlines cancel 5,700 U.S. flights amid fierce winter storms
• Shanghai port strives to keep global trade moving despite Covid
• Sebi initiates study of fees, expenses charged by mutual funds
• Forex reserves decline $571 mn to $563.5 bln
• U.S. equity funds see big outflows in week ended Dec. 21
• Chinese Communist Party focuses on economic recovery as Omicron spreads
• IMF projects 6.8% growth in current fiscal for India, says country's fiscal space is at risk
• Asian bonds receive biggest foreign money in 9 months in November
• NCLT approves merger of Jindal Stainless and Jindal Stainless (Hisar)
• Oil rises 2% on Russian supply worries; U.S. storm impact in focus
• IFC extends $400 million to HDFC to support affordable green housing in India
• Indian govt agencies to export 2 lakh tonnes of rice to Bangladesh at hefty profits
Mint:
• House panel suggests Coal India to explore acquisition of overseas coal blocks
• Merger approval process kicks off for Air India and Vistara
• India should carefully calibrate interest rate hikes, IMF says
• PN Vasudevan decides to stay back at Equitas Small Finance Bank
• Gateway Distriparks completes acquisition of ICD Kashipur
• Wall Street watchdog to tighten bolt on audit firms assessing crypto companies
• Air fares skyrocket as year-end travel demand peaks
• Gulf Oil to supply EV fluids for Altigreen’s electric cargo three-wheeler
• India smartphone market to grow 10% in 2023 after a dip this year: Report
• Bharat Highways InvIT files draft papers with Sebi to raise ₹2,000 cr via IPO
• Gadkari urges banks to rate lower interests from buyers of clean energy vehicles
• SpiceJet continues to explore settlement options with creditors
• Retail industry sees 19% rise in sales during Apr-Nov 2022: Report
Business Standard
• India better placed as world deals with Covid, economic headwinds
• Hinduja sweetens offer for RCap to counter Torrent group's winning bid
• Founders Prannoy Roy, Radhika Roy exit NDTV, transfer most stakes to Adani
• Centre makes PDS free for 810 mn people; annual outlay likely at Rs 2 trn
• S Korea's National Assembly passes 2023 budget, cuts corporate tax
• Ex-ICICI Bank CEO Chanda Kochhar, husband arrested in loan fraud case
• US President Joe Biden signs $858 billion defence authorization bill
• India garners praise for UNSC's December Presidency by member states
• Indian American Richard Verma to be Dy Secy of US State Department
• JSW Energy gets shareholders' nod to appoint Parth Jindal as director
• NCLAT sets aside pleas against CCI's Rs 873-cr penalty on UBL, beer makers
• Welspun completes sale of six road assets to Actis for Rs 6,025 crore
• Tata Motors arm, DTC sign pact for operation of 1,500 e-buses in Delhi
• Google dials NCLAT against CCI's Android order, Rs 1,337-crore fine
• BHEL, Sumitomo partner for circulating fluidised bed combustion boilers
• Vedanta says declared as preferred bidder for Bicholim mineral block in Goa
Economic Times
• An inflation measure watched by the Fed eases to 5.5%
• India needs to focus on tech, energy and skilling, says FinMin
• India exports wheat worth USD 1.5 bn during Apr-Oct
• Airlines cancel 5,700 U.S. flights amid fierce winter storms
• Shanghai port strives to keep global trade moving despite Covid
• Sebi initiates study of fees, expenses charged by mutual funds
• Forex reserves decline $571 mn to $563.5 bln
• U.S. equity funds see big outflows in week ended Dec. 21
• Chinese Communist Party focuses on economic recovery as Omicron spreads
• IMF projects 6.8% growth in current fiscal for India, says country's fiscal space is at risk
• Asian bonds receive biggest foreign money in 9 months in November
• NCLT approves merger of Jindal Stainless and Jindal Stainless (Hisar)
• Oil rises 2% on Russian supply worries; U.S. storm impact in focus
• IFC extends $400 million to HDFC to support affordable green housing in India
• Indian govt agencies to export 2 lakh tonnes of rice to Bangladesh at hefty profits
Mint:
• House panel suggests Coal India to explore acquisition of overseas coal blocks
• Merger approval process kicks off for Air India and Vistara
• India should carefully calibrate interest rate hikes, IMF says
• PN Vasudevan decides to stay back at Equitas Small Finance Bank
• Gateway Distriparks completes acquisition of ICD Kashipur
• Wall Street watchdog to tighten bolt on audit firms assessing crypto companies
• Air fares skyrocket as year-end travel demand peaks
• Gulf Oil to supply EV fluids for Altigreen’s electric cargo three-wheeler
• India smartphone market to grow 10% in 2023 after a dip this year: Report
• Bharat Highways InvIT files draft papers with Sebi to raise ₹2,000 cr via IPO
• Gadkari urges banks to rate lower interests from buyers of clean energy vehicles
• SpiceJet continues to explore settlement options with creditors
• Retail industry sees 19% rise in sales during Apr-Nov 2022: Report
*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 26-12-2022 :*
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -9305* 😭😭
*INDEX FUT. : +1032*
*INDEX OPT. : -12740*
*STOCK FUT. : +2298*
*STOCK OPT. : +105*
*SEC. IN F&O BAN FOR, 27 DEC, 2022 :*
*1. PNB*
*ADDITION : PNB*
*DELETION : IBULHSGFIN*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 26-DEC-2022 :*
*FIIS : SELL -497 (1,769-2,266)* 😔
*DIIS : BUY +1,285 (5,338-4,053)* 😀
*BSE SENSEX : +721 (60,566)🔼*
*NSE NIFTY : +208 (18,015)🔼*
*BSE MIDCAP. : +563 (24,990)*🔼
*BSE SMLCAP. : +854 (28,107)*🔼
*B. CRUDE : $ 84.55* 🔼 😩
*GOLD: $1799=INR 54,230(10gr)* ↔️ 😳
*SILVER : RS. 71,400 (kg) (5pm) 🔼 😀*
*FOREX : RS. : $ 82.65* 🔼 😊
*7.26% GOI '32 : 7.3194%(99.58)*↔️ 😳
*7.54% GOI '36 : 7.4375% (100.85)* 🔼 😔
*7.41 GOI '36 : 7.4178% (99.93)* 🔼 😔
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -9305* 😭😭
*INDEX FUT. : +1032*
*INDEX OPT. : -12740*
*STOCK FUT. : +2298*
*STOCK OPT. : +105*
*SEC. IN F&O BAN FOR, 27 DEC, 2022 :*
*1. PNB*
*ADDITION : PNB*
*DELETION : IBULHSGFIN*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 26-DEC-2022 :*
*FIIS : SELL -497 (1,769-2,266)* 😔
*DIIS : BUY +1,285 (5,338-4,053)* 😀
*BSE SENSEX : +721 (60,566)🔼*
*NSE NIFTY : +208 (18,015)🔼*
*BSE MIDCAP. : +563 (24,990)*🔼
*BSE SMLCAP. : +854 (28,107)*🔼
*B. CRUDE : $ 84.55* 🔼 😩
*GOLD: $1799=INR 54,230(10gr)* ↔️ 😳
*SILVER : RS. 71,400 (kg) (5pm) 🔼 😀*
*FOREX : RS. : $ 82.65* 🔼 😊
*7.26% GOI '32 : 7.3194%(99.58)*↔️ 😳
*7.54% GOI '36 : 7.4375% (100.85)* 🔼 😔
*7.41 GOI '36 : 7.4178% (99.93)* 🔼 😔
SGX Nifty +42 pts (18060) from last trade 18018 ,
Nikkei +299 pts ,
Hangseng clsd ,
Around @ 6.52am .
Nifty Fut Clsd)
US MKT CLSD , Bovespa -959 pts , Ftse Clsd, Dax Clsd , Cac Clsd , Crude @ $80.64 brl (+1.04), Brent @ $83.97 brl (+2.99) , Gold @ 1809.30 (+5.10), Silver @ $24.075 (+0.15), Euro @ $1.0644, JPY @ $132.77, INR @ 82.655
*Today's Corporate Action*
*27th Dec Ex Date*
FILATEX
Stock Split From Rs.2/- to Rs.1/-
*Today's Key Results/Board Meetings*
*27-Dec-22*
ARCFIN
Right Issue of Equity Shares;Rights Issue
ASAHIINDIA
General
ASHNI
General
INDOWIND
Right Issue of Equity Shares
KESARPE
General
MODCL
General
SEPC
Right Issue of Equity Shares;General
*Stock under F&O ban on NSE*
*27-Dec-22*
1 PNB
Nikkei +299 pts ,
Hangseng clsd ,
Around @ 6.52am .
Nifty Fut Clsd)
US MKT CLSD , Bovespa -959 pts , Ftse Clsd, Dax Clsd , Cac Clsd , Crude @ $80.64 brl (+1.04), Brent @ $83.97 brl (+2.99) , Gold @ 1809.30 (+5.10), Silver @ $24.075 (+0.15), Euro @ $1.0644, JPY @ $132.77, INR @ 82.655
*Today's Corporate Action*
*27th Dec Ex Date*
FILATEX
Stock Split From Rs.2/- to Rs.1/-
*Today's Key Results/Board Meetings*
*27-Dec-22*
ARCFIN
Right Issue of Equity Shares;Rights Issue
ASAHIINDIA
General
ASHNI
General
INDOWIND
Right Issue of Equity Shares
KESARPE
General
MODCL
General
SEPC
Right Issue of Equity Shares;General
*Stock under F&O ban on NSE*
*27-Dec-22*
1 PNB
Investors Look to Inflation Path, China Reopening: Markets Wrap
Investors will be looking to the outlook for inflation and China’s rapid shift from Covid Zero as markets open in Asia on Tuesday.
The offshore yuan advanced overnight after China announced it would drop quarantine for inbound travelers early next month. Most Group-of-10 currencies were little changed versus the dollar after small moves in thin liquidity on Monday.
US Treasuries will resume trading following an extended break since the close of a holiday-shortened session in the US on Friday. The benchmark 10-year yield climbed the most last week since early April, ending around 3.75%.
Investors are wary of price pressures from the tight labor market, while taking encouragement from data on Friday that showed the Federal Reserve’s closely watched measure of inflation cooling and consumer spending stagnating.
The S&P 500 and the tech-heavy Nasdaq 100 closed higher on Friday while still suffering weekly losses.
Benchmark equity indexes for mainland China, Japan, India and South Korea climbed on Monday. Most other key markets in the region including Hong Kong, Singapore and Australia were shut. Hong Kong and Australia remain closed Tuesday.
Investors will be looking to the outlook for inflation and China’s rapid shift from Covid Zero as markets open in Asia on Tuesday.
The offshore yuan advanced overnight after China announced it would drop quarantine for inbound travelers early next month. Most Group-of-10 currencies were little changed versus the dollar after small moves in thin liquidity on Monday.
US Treasuries will resume trading following an extended break since the close of a holiday-shortened session in the US on Friday. The benchmark 10-year yield climbed the most last week since early April, ending around 3.75%.
Investors are wary of price pressures from the tight labor market, while taking encouragement from data on Friday that showed the Federal Reserve’s closely watched measure of inflation cooling and consumer spending stagnating.
The S&P 500 and the tech-heavy Nasdaq 100 closed higher on Friday while still suffering weekly losses.
Benchmark equity indexes for mainland China, Japan, India and South Korea climbed on Monday. Most other key markets in the region including Hong Kong, Singapore and Australia were shut. Hong Kong and Australia remain closed Tuesday.
FNO LoT SiZE CHANGES FROM JAN 23, FOR MARKET UPDATES
TELEGRAM.ME/ALLiESFiN
TELEGRAM.ME/ALLiESFiN
*Instl. Investors EQUITY Cash Trades PROV. - 27/12/2022 : Rs. CRS. :*
*FIIS : SELL -867 (2,122-2,990)*
*DIIS : BUY +622 (4,403-3,781)*
*FIIS : SELL -867 (2,122-2,990)*
*DIIS : BUY +622 (4,403-3,781)*
*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 27-12-2022 :*
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -3233* 😢
*INDEX FUT. : +43*
*INDEX OPT. : -3858*
*STOCK FUT. : +601*
*STOCK OPT. : -19*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 27-DEC-2022 :*
*FIIS : SELL -867 (2,122-2,990)* 😩
*DIIS : BUY +622 (4,403-3,781)* 😊
*BSE SENSEX : +361 (60927)🔼*
*NSE NIFTY : +117 (18,132)🔼*
*BSE MIDCAP. : +195 (25,185)*🔼
*BSE SMLCAP. : +410 (28,517)*🔼
*B. CRUDE : $ 84.95* 🔼 😔
*GOLD: $1808=INR 54,500(10gr)* 🔼 🙂
*SILVER : RS. 72,600 (kg) (5pm) 🔼 😀*
*FOREX : RS. : $ 82.8475* 🔽 😩
*7.26% GOI '32 : 7.3087%(99.66)*🔽 🙂
*7.54% GOI '36 : 7.4351% (100.87)* ↔️ 🙂
*7.41 GOI '36 : 7.4102% (99.9950)* 🔽 🙂
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -3233* 😢
*INDEX FUT. : +43*
*INDEX OPT. : -3858*
*STOCK FUT. : +601*
*STOCK OPT. : -19*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 27-DEC-2022 :*
*FIIS : SELL -867 (2,122-2,990)* 😩
*DIIS : BUY +622 (4,403-3,781)* 😊
*BSE SENSEX : +361 (60927)🔼*
*NSE NIFTY : +117 (18,132)🔼*
*BSE MIDCAP. : +195 (25,185)*🔼
*BSE SMLCAP. : +410 (28,517)*🔼
*B. CRUDE : $ 84.95* 🔼 😔
*GOLD: $1808=INR 54,500(10gr)* 🔼 🙂
*SILVER : RS. 72,600 (kg) (5pm) 🔼 😀*
*FOREX : RS. : $ 82.8475* 🔽 😩
*7.26% GOI '32 : 7.3087%(99.66)*🔽 🙂
*7.54% GOI '36 : 7.4351% (100.87)* ↔️ 🙂
*7.41 GOI '36 : 7.4102% (99.9950)* 🔽 🙂
👍1
Capital gains regime which can be simplified in this budget. Telegram @AlliesFin
*News Headlines from Business News Agencies:*
*Business Standard :*
• India plans $2 billion incentive for green hydrogen industry, says report
• India Inc takes steps to protect supply chain as Covid-19 rages in China
• IT ministry appointed as nodal ministry for online gaming in India
• E-two-wheeler sales ride past 500,000-mark in 2022, penetrate 4% of mkt
• Housing sales in top-7 cities up 54%, top previous high of 2014: Anarock
• Building boom sets up India as saviour for flagging global steel demand
• PLI scheme for textiles attracts Rs 1,536 crore in investments: Govt
• Private banks lead in credit growth in Q2 as demand grows: RBI data
• IT majors lowering revenue projections for FY23 amid macroeconomic troubles
• Govt controls under data protection bill to hit data centre investment: ITI
• Govt raised Rs 4.06 trn via dated securities in July-Sept: FinMin report
• Credit offtake grows 17.5% for fortnight ended Dec 2: CARE Ratings
• Southeast Asia withheld China's attempts to economically breach sovereignty
• India emerges as the voice of Global South amid Ukraine war, Covid chaos
• India-Australia free trade agreement will boost Indian apparel exports
• Japan charges Apple with $98 mn additional tax for abuses of rules
*Economic Times :*
• Bright prospects of rabi foodgrain production to offset kharif losses
• Tesla used car price bubble pops, weighs on new car demand
• Nestle, Panasonic, Dabur & Wipro Consumer among cos planning to focus more on D2C marketing
• New Delhi may offer Rs 12,000 crore incentive to lure Apple, others raise output in Bharat
• India's housing sale hits all-time high in 2022 due to robust demand: Anarock
• Japan to require COVID-19 tests for all visitors from China
• Govt mulls offloading 15-20 lakh tons of wheat from FCI to contain prices in 2023
• Metal stocks rally up to 8% amid reports of steel price hike
• India's total debt increases to Rs 147 lakh crore in Q2
• Indowind Energy to allot 3.58 crore shares worth Rs 43 crore under rights issue
• Ministry of power and DRDO sign MoU for developing mitigation measures
• Domestic tourism bounces back to pre-Covid times, hotels bookings spike 100%
• Max Healthcare partners with genomics biotech firm Anuva
• Airbag industry in India to grow to Rs 7,000 cr by FY27: Icra
• Cipla's higher automation spends to continue for 3 more years: CTO Geena Malhotra
*Mint :*
• Substantial improvement in Coal India’s grade of coal in 2022: Govt
• IEX forms subsidiary to explore business opportunities in carbon market
• Healthcare deal-making set to surge in 2023
• Oil prices rise as China eases covid restrictions
• Hindustan Power Exchange crosses 1 BUs of power trading
• India, amid building boom, overtakes China as ‘global steel saviour’: Report
• Taiwan to extend mandatory military service in face of Chinese pressure
• L&T wins contract to establish 90MW floating Solar PV plant at Omkareshwar dam
• Indian companies raise lesser funds in 2022 from equity and debt route
• Bharat Biotech’s intranasal covid vaccine priced at ₹325 for govt hospitals
• TV networks wary of buying movie rights as viewership drops
• India well-placed amid global risks, says Tata chief Chandra
• PFRDA halts govt NPS subscribers to make partial withdrawal via self declaration
*Business Standard :*
• India plans $2 billion incentive for green hydrogen industry, says report
• India Inc takes steps to protect supply chain as Covid-19 rages in China
• IT ministry appointed as nodal ministry for online gaming in India
• E-two-wheeler sales ride past 500,000-mark in 2022, penetrate 4% of mkt
• Housing sales in top-7 cities up 54%, top previous high of 2014: Anarock
• Building boom sets up India as saviour for flagging global steel demand
• PLI scheme for textiles attracts Rs 1,536 crore in investments: Govt
• Private banks lead in credit growth in Q2 as demand grows: RBI data
• IT majors lowering revenue projections for FY23 amid macroeconomic troubles
• Govt controls under data protection bill to hit data centre investment: ITI
• Govt raised Rs 4.06 trn via dated securities in July-Sept: FinMin report
• Credit offtake grows 17.5% for fortnight ended Dec 2: CARE Ratings
• Southeast Asia withheld China's attempts to economically breach sovereignty
• India emerges as the voice of Global South amid Ukraine war, Covid chaos
• India-Australia free trade agreement will boost Indian apparel exports
• Japan charges Apple with $98 mn additional tax for abuses of rules
*Economic Times :*
• Bright prospects of rabi foodgrain production to offset kharif losses
• Tesla used car price bubble pops, weighs on new car demand
• Nestle, Panasonic, Dabur & Wipro Consumer among cos planning to focus more on D2C marketing
• New Delhi may offer Rs 12,000 crore incentive to lure Apple, others raise output in Bharat
• India's housing sale hits all-time high in 2022 due to robust demand: Anarock
• Japan to require COVID-19 tests for all visitors from China
• Govt mulls offloading 15-20 lakh tons of wheat from FCI to contain prices in 2023
• Metal stocks rally up to 8% amid reports of steel price hike
• India's total debt increases to Rs 147 lakh crore in Q2
• Indowind Energy to allot 3.58 crore shares worth Rs 43 crore under rights issue
• Ministry of power and DRDO sign MoU for developing mitigation measures
• Domestic tourism bounces back to pre-Covid times, hotels bookings spike 100%
• Max Healthcare partners with genomics biotech firm Anuva
• Airbag industry in India to grow to Rs 7,000 cr by FY27: Icra
• Cipla's higher automation spends to continue for 3 more years: CTO Geena Malhotra
*Mint :*
• Substantial improvement in Coal India’s grade of coal in 2022: Govt
• IEX forms subsidiary to explore business opportunities in carbon market
• Healthcare deal-making set to surge in 2023
• Oil prices rise as China eases covid restrictions
• Hindustan Power Exchange crosses 1 BUs of power trading
• India, amid building boom, overtakes China as ‘global steel saviour’: Report
• Taiwan to extend mandatory military service in face of Chinese pressure
• L&T wins contract to establish 90MW floating Solar PV plant at Omkareshwar dam
• Indian companies raise lesser funds in 2022 from equity and debt route
• Bharat Biotech’s intranasal covid vaccine priced at ₹325 for govt hospitals
• TV networks wary of buying movie rights as viewership drops
• India well-placed amid global risks, says Tata chief Chandra
• PFRDA halts govt NPS subscribers to make partial withdrawal via self declaration
India Daybook – Stocks in News
Read full article https://telegram.me/AlliesFin
*RVNL:* Company receives LoA worth Rs 1,544.60 crore for implementation of UTF Harbor Project in Maldives. (Positive)
*Suryoday:* RBI approves re-appointment of Baskar Babu Ramachandran as MD & CEO of Suryoday SFB for 3 years (Positive)
*BSE:* SEBI grants final approval for introducing Social Stock Exchange as a separate segment on BSE (Positive)
*Hariom Pipe:* The company has decided to acquire operating assets of RP Metal Sections (Positive)
*India Pesticides:* Subsidiary Shalvis Specialities (SSL) has received an environmental clearance for setting up manufacturing plant of "agrochemicals & intermediates (Positive)
*Coal India:* Shipments’ Grade-Match, Quality Improving: Ministry (Positive)
*Apparel stocks:* India- Australia FTA to help increase apparel exports: AEPC: PTI. (Positive)
*MOIL:* Government appoints Ajit Kumar Saxena as Chairman-cum-Managing Director on the board (Neutral)
*Indowind Energy:* The wind turbine manufacturer has decided to open its rights issue on January 27, till February 10, 2023 (Neutral)
*Punjab & Sind Bank:* The board will meet on Friday to consider and approve raising Rs 250 crore through equity and debt instruments (Neutral)
*Capri Global:* The company’s board will meet to consider, discuss and decide the quantum and pricing of rights issue of shares. (Neutral)
*Aditya Birla Capital:* Names Sanchita Mustauphy, as the Chief Risk Officer from April 1 (Neutral)
*Hindustan Petroleum:* Names Amit Garg as director marketing of the company (Neutral)
*SP Apparels:* Ace investor Ashish Ramesh Kacholia has offloaded 1.64 lakh shares or 0.65 percent
*FMCG Stocks:* Palm Oil Jumps Most in 5 Months on China’s Move to Relax Curbs
Read full article https://telegram.me/AlliesFin
*RVNL:* Company receives LoA worth Rs 1,544.60 crore for implementation of UTF Harbor Project in Maldives. (Positive)
*Suryoday:* RBI approves re-appointment of Baskar Babu Ramachandran as MD & CEO of Suryoday SFB for 3 years (Positive)
*BSE:* SEBI grants final approval for introducing Social Stock Exchange as a separate segment on BSE (Positive)
*Hariom Pipe:* The company has decided to acquire operating assets of RP Metal Sections (Positive)
*India Pesticides:* Subsidiary Shalvis Specialities (SSL) has received an environmental clearance for setting up manufacturing plant of "agrochemicals & intermediates (Positive)
*Coal India:* Shipments’ Grade-Match, Quality Improving: Ministry (Positive)
*Apparel stocks:* India- Australia FTA to help increase apparel exports: AEPC: PTI. (Positive)
*MOIL:* Government appoints Ajit Kumar Saxena as Chairman-cum-Managing Director on the board (Neutral)
*Indowind Energy:* The wind turbine manufacturer has decided to open its rights issue on January 27, till February 10, 2023 (Neutral)
*Punjab & Sind Bank:* The board will meet on Friday to consider and approve raising Rs 250 crore through equity and debt instruments (Neutral)
*Capri Global:* The company’s board will meet to consider, discuss and decide the quantum and pricing of rights issue of shares. (Neutral)
*Aditya Birla Capital:* Names Sanchita Mustauphy, as the Chief Risk Officer from April 1 (Neutral)
*Hindustan Petroleum:* Names Amit Garg as director marketing of the company (Neutral)
*SP Apparels:* Ace investor Ashish Ramesh Kacholia has offloaded 1.64 lakh shares or 0.65 percent
*FMCG Stocks:* Palm Oil Jumps Most in 5 Months on China’s Move to Relax Curbs
Mkt. Updates :
SGX Nifty -54 pts (18060) from last trade 18114 ,
Nikkei -324 pts ,
Hangseng -251 pts ,
around@ 6.52am .
Dow -365.85 pts ,Nsdq -139.94 pts, S&P
-46.03 pts, Bovespa +1658 pts , Ftse +24 Pts , Dax -69 pts , Cac -40 pts , Crude @ $78.65 brl (-0.31), Brent @ $83.11 brl (-1.22) , Gold @ 1812.50 (-3.30), Silver @ $23.705 (-0.13), Euro @ $1.0625, JPY @ $134.17, INR @ 82.735
US GOVT. 10-YEAR YIELD : 3.87%
Today's Corporate Action, 29 Dec Ex Date :
ADVANIHOTR
Interim Dividend - Rs. - 2.0000
SICAL
Resolution Plan -Suspension
TIIL
Buy Back of Shares
Today's Key Results/Board Meetings, 29-Dec-22 :
RGRL
Increase in Authorised Capital;Preferential Issue of shares;General
ROJL
Bonus issue;Stock Split
SEC. IN F&O BAN FOR, 29 DEC, 2022 :
1. BALRAMCHIN 2. IBULHSGFIN
ADDITION : NIL
DELETION : PNB
SGX Nifty -54 pts (18060) from last trade 18114 ,
Nikkei -324 pts ,
Hangseng -251 pts ,
around@ 6.52am .
Dow -365.85 pts ,Nsdq -139.94 pts, S&P
-46.03 pts, Bovespa +1658 pts , Ftse +24 Pts , Dax -69 pts , Cac -40 pts , Crude @ $78.65 brl (-0.31), Brent @ $83.11 brl (-1.22) , Gold @ 1812.50 (-3.30), Silver @ $23.705 (-0.13), Euro @ $1.0625, JPY @ $134.17, INR @ 82.735
US GOVT. 10-YEAR YIELD : 3.87%
Today's Corporate Action, 29 Dec Ex Date :
ADVANIHOTR
Interim Dividend - Rs. - 2.0000
SICAL
Resolution Plan -Suspension
TIIL
Buy Back of Shares
Today's Key Results/Board Meetings, 29-Dec-22 :
RGRL
Increase in Authorised Capital;Preferential Issue of shares;General
ROJL
Bonus issue;Stock Split
SEC. IN F&O BAN FOR, 29 DEC, 2022 :
1. BALRAMCHIN 2. IBULHSGFIN
ADDITION : NIL
DELETION : PNB
India Daybook – Stocks in News
Tata Power: Subsidiary has received a 'letter of award' to set up a 255MW hybrid power project. (Positive)
Ashoka Buildcon: The company has received three projects worth Rs 754.57 crore from Madhya Pradesh (Positive)
Bank of India: The Bank infused capital of Rs 1.13 crore in PSB Alliance as a part of strategic investment (Positive)
JSW Energy: The company has completed the acquisition of Utkal via the corporate insolvency resolution process (Positive)
Gujarat Gas: CRISIL Ratings has upgraded the long-term credit rating to ‘AAA’ from ‘AA+’ (Positive)
JK Lakshmi Cement: Company join hands with GreenLine to roll out LNG fueled heavy trucks in India (Positive)
Coromandel: Company entered in Designing, Development and Manufacture of Unmanned Aerial Vehicles and UAV Mapping services (Positive)
Poonawala: Promoter has raised stake via buying of 43.21 lakh shares in company (Positive)
Bharti Airtel: Company is planning to list its unit, Airtel Payments Bank: Media Sources (Positive)
Hariom Pipe: France-based financial services company Societe Generale sold 1.5 lakh shares or 0.58 percent stake (Neutral)
Garware Technical: The company closed its share buyback issue after buying 2.4 lakh shares at a price of Rs 3,750 per share (Neutral)
Wipro: The IT services company has raised its stake in Encore Theme Technologies to 100 percent (Neutral)
Spandana Sphoorty: The company has approved the transfer of the stressed loan portfolio including written-off loans of Rs 323.08 crore. (Neutral)
State Bank: Bank will consider approval for raising funds through the issue of infrastructure bonds worth up to 100 billion rupees (Neutral)
Tata Steel: The company will acquire stake in Tata Steel Advanced Materials by subscribing to shares on a preferential basis for Rs 14.8 crore (Neutral)
Reliance Ind: Reliance Jio launches True5G services across 11 cities (Neutral)
Indo Rama: Promoter has offloaded 1.0 lakh shares in company
Insider Trades
🌟Indo Rama Synthetics India: Promoter Group Devang Kumar sold 1 lakh shares between Dec. 26 and Dec. 27.
🌟Thirumalai Chemicals: Promoter Group S Varadarajan sold 10,000 shares on Dec. 27.
🌟Poonawalla Fincorp: Promoter Rising Sun Holdings bought 43.21 lakh shares between Dec. 26 and Dec. 28.
🌟Emami: Promoter Group Sneha Enclave created a pledge of 8.81 lakh shares on Dec. 23.
🌟Vaibhav Global: Promoter Group Brett Enterprises bought 4,000 shares on Dec. 27.
🌟Texmaco Rail and Engineering: Promoter Group Adventz Finance bought 1 lakh shares on Dec. 23.
🌟Dollar Industries: Promoter Vinod Kumar Gupta sold 2.45 lakh shares and Promoter Group V.K. Mercantile bought 2.45 lakh shares on Dec. 15.
Tata Power: Subsidiary has received a 'letter of award' to set up a 255MW hybrid power project. (Positive)
Ashoka Buildcon: The company has received three projects worth Rs 754.57 crore from Madhya Pradesh (Positive)
Bank of India: The Bank infused capital of Rs 1.13 crore in PSB Alliance as a part of strategic investment (Positive)
JSW Energy: The company has completed the acquisition of Utkal via the corporate insolvency resolution process (Positive)
Gujarat Gas: CRISIL Ratings has upgraded the long-term credit rating to ‘AAA’ from ‘AA+’ (Positive)
JK Lakshmi Cement: Company join hands with GreenLine to roll out LNG fueled heavy trucks in India (Positive)
Coromandel: Company entered in Designing, Development and Manufacture of Unmanned Aerial Vehicles and UAV Mapping services (Positive)
Poonawala: Promoter has raised stake via buying of 43.21 lakh shares in company (Positive)
Bharti Airtel: Company is planning to list its unit, Airtel Payments Bank: Media Sources (Positive)
Hariom Pipe: France-based financial services company Societe Generale sold 1.5 lakh shares or 0.58 percent stake (Neutral)
Garware Technical: The company closed its share buyback issue after buying 2.4 lakh shares at a price of Rs 3,750 per share (Neutral)
Wipro: The IT services company has raised its stake in Encore Theme Technologies to 100 percent (Neutral)
Spandana Sphoorty: The company has approved the transfer of the stressed loan portfolio including written-off loans of Rs 323.08 crore. (Neutral)
State Bank: Bank will consider approval for raising funds through the issue of infrastructure bonds worth up to 100 billion rupees (Neutral)
Tata Steel: The company will acquire stake in Tata Steel Advanced Materials by subscribing to shares on a preferential basis for Rs 14.8 crore (Neutral)
Reliance Ind: Reliance Jio launches True5G services across 11 cities (Neutral)
Indo Rama: Promoter has offloaded 1.0 lakh shares in company
Insider Trades
🌟Indo Rama Synthetics India: Promoter Group Devang Kumar sold 1 lakh shares between Dec. 26 and Dec. 27.
🌟Thirumalai Chemicals: Promoter Group S Varadarajan sold 10,000 shares on Dec. 27.
🌟Poonawalla Fincorp: Promoter Rising Sun Holdings bought 43.21 lakh shares between Dec. 26 and Dec. 28.
🌟Emami: Promoter Group Sneha Enclave created a pledge of 8.81 lakh shares on Dec. 23.
🌟Vaibhav Global: Promoter Group Brett Enterprises bought 4,000 shares on Dec. 27.
🌟Texmaco Rail and Engineering: Promoter Group Adventz Finance bought 1 lakh shares on Dec. 23.
🌟Dollar Industries: Promoter Vinod Kumar Gupta sold 2.45 lakh shares and Promoter Group V.K. Mercantile bought 2.45 lakh shares on Dec. 15.
New Listing Today :)
Telegram.me/AlliesFin
Name of the company - KFIN TECHNOLOGIES LIMITED
ISIN - INE138Y01010
NSE Symbol: KFINTECH (EQ GROUP)
BSE Code: 543720 (B GROUP)
Face Value : 10
IPO Price : 366
Bid Lot : 40 Share
Today’s IPO Listed Performance
KFINTECH
NSE: ₹ 367
BSE: ₹ 369
Issue Price: ₹ 366
Net Change: ₹ 1
%Change: +0.27%
Telegram.me/AlliesFin
Name of the company - KFIN TECHNOLOGIES LIMITED
ISIN - INE138Y01010
NSE Symbol: KFINTECH (EQ GROUP)
BSE Code: 543720 (B GROUP)
Face Value : 10
IPO Price : 366
Bid Lot : 40 Share
Today’s IPO Listed Performance
KFINTECH
NSE: ₹ 367
BSE: ₹ 369
Issue Price: ₹ 366
Net Change: ₹ 1
%Change: +0.27%
India Daybook
Stocks in News
Transformers & Rectifiers: Company wins orders worth Rs 123 cr; order book stands at Rs 1,513 cr. (Positive)
Eicher Motors: Company to buy 10.35% stake in Stark Future for €50 million (Positive)
HG Infra: Received letter of Award from NHAI for project of Rs 997.1 cr (Positive)
Banking stocks: RBI Guv Shaktikanta Das: Banking system sound and well capitalised (Positive)
Tata Consumer: Company to buy 23.3% of share capital of Joekels Tea’ (Positive)
Craftsman Automation: The company is going to acquire a 76 percent stake in aluminium cylinder heads manufacturer DR Axion (Positive)
Poonawalla Fincorp: Promoter entity Rising Sun Holdings has bought an additional 2.19 percent stake (Positive)
Supreme Petrochem: Commissions trials at its plant at Manali New Town, Chennai; increased Polystyrene capacity to 33000 TPA from 24000 TPA (Positive)
ICICI Prudential Life: Insurance company’s AUM crosses ₹2.5 trillion (Positive)
Bharti Airtel: Company is likely to raise tariffs across India by February (Positive)
SBI Cards: The company has signed an agreement with Punjab & Sind Bank to launch co-branded credit cards (Positive)
Cipla: The company’s wholly-owned UK subsidiary Cipla (EU) Limited has signed definitive agreements to invest 15 million euros in Ethris GmbH. (Positive)
Welspun Enterprises: The construction sector company’s board will meet to mull over the interim dividend as well as share buyback. (Positive)
Sugar stocks: Nod to 34 more ethanol projects under the new window of Ethanol Interest Subvention Schemes. (Positive)
Tata Power: Company says raised Rs 1000 cr via NCDS (Neutral)
Aster DM: Company’s arm to acquire Adiran IB Healthcare for ₹1.6 cr (Neutral)
Reliance Ind: Jio launches 5G services in Indore & Bhopal (Neutral)
Welspun India: The company has picked a 26 percent stake in Clean Max Thanos to get renewable energy (Neutral)
KFin Technologies: Morgan Stanley Asia (Singapore) Pte has sold 10 lakh shares
• India to Raise $45.9 Billion Through T-Bills in March Quarter
• India’s 2Q Current Account Deficit Widens to $36.4 Billion
o India’s July-Sept. Current Account Deficit $36.4B
• Asset Quality for Indian Banks Seen Improving, Says Central Bank
o India Banks’ Gross Bad Loans Seen Falling to 4.9% by Sept.
• India Brings Back Covid Tests for Flyers From Some Asian Nations
o Makes RT-PCR Test Mandatory for Flyers From China, Japan
• India Finance Minister Sitharaman Discharged From Hospital (1)
• Reliance Consumer Buys 51% Stake in Lotus Chocolate For INR740m
• Ambani Sets Goals for Children as They Step Up at Reliance Units
o Credits his three children for rapid progress at Reliance
• JSW Steel Warns Europe Carbon Tariff Will Hurt Asia Firms
• India Probes Uzbekistan Claim That 18 Kids Killed by Cough Syrup
o Deaths are latest tragedy linked to Indian pharma industry
• Adani Says ‘Surprised’ by Debt Chatter When Ratios Are Improving
o India to add $1 trln to GDP every 12-18 months next decade
• India Extends Unrestricted Imports of Refined Palm, Some Pulses
• India Foreign Travel Spending Up 169% in 3Q Y/Y
• Global Funds Sell Net INR5.73B of India Stocks on Thursday: NSE
o Domestic funds buy net 5.16b rupees of stocks
• India-Australia FTA to provide ‘big relief’ to Indian textile exporters: CITI: PTI
• Tata Sons chairman N Chandrasekaran to head Maharashtra’s new economic advisory body: PTI
• 4pm: India Fiscal Deficit in Rupees for April-Nov. Period, prior 138,288
• 5:30pm: India Eight Infrastructure Industries Index for Nov., Prior 0.1%
• Eicher Motors (EIM): Approves strategic investment in Spanish company Stark Future S.L.; to buy 10.35% stake in Stark for 50m euro
• Supreme Petrochem (SPPL): Commissions trials at its plant at Manali New Town, Chennai; increased Polystyrene capacity to 33000 TPA from 24000 TPA
• Tata Motors (TTMT): Says Delhi Transport Corp. orders 1,500 electric buses
Today's News Headlines
Economic Times
📝 CAD widens to 4.4 pc of GDP in Q2: RBI data
📝 Reliance to buy 51% stake in Lotus Chocolate for Rs 74 cr
Stocks in News
Transformers & Rectifiers: Company wins orders worth Rs 123 cr; order book stands at Rs 1,513 cr. (Positive)
Eicher Motors: Company to buy 10.35% stake in Stark Future for €50 million (Positive)
HG Infra: Received letter of Award from NHAI for project of Rs 997.1 cr (Positive)
Banking stocks: RBI Guv Shaktikanta Das: Banking system sound and well capitalised (Positive)
Tata Consumer: Company to buy 23.3% of share capital of Joekels Tea’ (Positive)
Craftsman Automation: The company is going to acquire a 76 percent stake in aluminium cylinder heads manufacturer DR Axion (Positive)
Poonawalla Fincorp: Promoter entity Rising Sun Holdings has bought an additional 2.19 percent stake (Positive)
Supreme Petrochem: Commissions trials at its plant at Manali New Town, Chennai; increased Polystyrene capacity to 33000 TPA from 24000 TPA (Positive)
ICICI Prudential Life: Insurance company’s AUM crosses ₹2.5 trillion (Positive)
Bharti Airtel: Company is likely to raise tariffs across India by February (Positive)
SBI Cards: The company has signed an agreement with Punjab & Sind Bank to launch co-branded credit cards (Positive)
Cipla: The company’s wholly-owned UK subsidiary Cipla (EU) Limited has signed definitive agreements to invest 15 million euros in Ethris GmbH. (Positive)
Welspun Enterprises: The construction sector company’s board will meet to mull over the interim dividend as well as share buyback. (Positive)
Sugar stocks: Nod to 34 more ethanol projects under the new window of Ethanol Interest Subvention Schemes. (Positive)
Tata Power: Company says raised Rs 1000 cr via NCDS (Neutral)
Aster DM: Company’s arm to acquire Adiran IB Healthcare for ₹1.6 cr (Neutral)
Reliance Ind: Jio launches 5G services in Indore & Bhopal (Neutral)
Welspun India: The company has picked a 26 percent stake in Clean Max Thanos to get renewable energy (Neutral)
KFin Technologies: Morgan Stanley Asia (Singapore) Pte has sold 10 lakh shares
• India to Raise $45.9 Billion Through T-Bills in March Quarter
• India’s 2Q Current Account Deficit Widens to $36.4 Billion
o India’s July-Sept. Current Account Deficit $36.4B
• Asset Quality for Indian Banks Seen Improving, Says Central Bank
o India Banks’ Gross Bad Loans Seen Falling to 4.9% by Sept.
• India Brings Back Covid Tests for Flyers From Some Asian Nations
o Makes RT-PCR Test Mandatory for Flyers From China, Japan
• India Finance Minister Sitharaman Discharged From Hospital (1)
• Reliance Consumer Buys 51% Stake in Lotus Chocolate For INR740m
• Ambani Sets Goals for Children as They Step Up at Reliance Units
o Credits his three children for rapid progress at Reliance
• JSW Steel Warns Europe Carbon Tariff Will Hurt Asia Firms
• India Probes Uzbekistan Claim That 18 Kids Killed by Cough Syrup
o Deaths are latest tragedy linked to Indian pharma industry
• Adani Says ‘Surprised’ by Debt Chatter When Ratios Are Improving
o India to add $1 trln to GDP every 12-18 months next decade
• India Extends Unrestricted Imports of Refined Palm, Some Pulses
• India Foreign Travel Spending Up 169% in 3Q Y/Y
• Global Funds Sell Net INR5.73B of India Stocks on Thursday: NSE
o Domestic funds buy net 5.16b rupees of stocks
• India-Australia FTA to provide ‘big relief’ to Indian textile exporters: CITI: PTI
• Tata Sons chairman N Chandrasekaran to head Maharashtra’s new economic advisory body: PTI
• 4pm: India Fiscal Deficit in Rupees for April-Nov. Period, prior 138,288
• 5:30pm: India Eight Infrastructure Industries Index for Nov., Prior 0.1%
• Eicher Motors (EIM): Approves strategic investment in Spanish company Stark Future S.L.; to buy 10.35% stake in Stark for 50m euro
• Supreme Petrochem (SPPL): Commissions trials at its plant at Manali New Town, Chennai; increased Polystyrene capacity to 33000 TPA from 24000 TPA
• Tata Motors (TTMT): Says Delhi Transport Corp. orders 1,500 electric buses
Today's News Headlines
Economic Times
📝 CAD widens to 4.4 pc of GDP in Q2: RBI data
📝 Reliance to buy 51% stake in Lotus Chocolate for Rs 74 cr