TCS, Infosys, Jet Airways, GVK Infra and IDBI Bank
TRADE NIVESH:
Nifty futures on the Singapore Exchange were trading 34.50 points, or 0.29 per
cent, lower at 11,642, indicating a negative start for the Nifty50.
TCS, Infosys: The country’s two largest IT giants will
declare results the same evening for the first time. While tracking the two big
results simultaneously would be an overwhelming task, investors would keenly
follow recruitment trend, currency volatility, digital revenues, margin stress
and payback to shareholders, if any.
Jet Airways: Etihad Airways has formally communicated its
intent to raise its stake in Jet Airways, ending months of uncertainty over its
commitment to remain invested in one of the world’s fastest-growing aviation
markets.
IDBI Bank: Following its larger rivals, LIC-owned IDBI
BankNSE -0.57 % has reduced its lending rates by 5 basis points for most of the
tenors, effective Friday.
GVK Infra: GVK moved closer to resolving a dispute over plans
by partners Airports Company South Africa (ACSA) and Bidvest Services to sell
their stake in Mumbai International Airport (MIAL), a move that would help
stave off a takeover bid by the Adani Group.
J&K Bank: The bank has sold 2.04 per cent in PNB Metlife
Insurance to Oman India Fund — a joint venture between Oman and the Indian
government — for Rs 185 crore, valuing the company at Rs 9,000 crore, according
to Ashish K Srivastava, CEO of the joint venture insurance company.
Prabhat Dairy: Sale of the company’s stake in Sunfresh Agro
Industries and the company’s dairy products business to Tirumala Milk Products
has been completed.
Opto Circuits (India): The company has elected Nanjappaiah
Madgondapalli Ramu as Chairman.
Sun Pharma: Group's senior executive Abhay Arvind Gandhi and
his wife Kiran have settled with Sebi a case related to insider trading in
shares of Ranbaxy Laboratories in 2014.
Bharti Airtel, Tata Teleservices: The Department of Telecom
has given approval for the merger of Tata Teleservices (TTSL) with Bharti
Airtel, subject to the condition that the Sunil Bharti Mittal-led firm
furnishes Rs 7,200 crore worth bank guarantee, a government official said.
MCX: The Multi Commodity Exchange (MCX) of India clocked the
highest average daily turnover (ADT) of futures trading of Rs 25,648 crore in
2018-19 since commodity transaction tax was introduced in July 2013.
Sterlite Technologies: The company board will consider
offering or inviting for subscription of non-convertible debentures on private
placement basis. It will also consider raising funds by issue of equity shares,
or other securities convertible into equity shares.
Maruti Suzuki: Maruti Suzuki India (MSI) Thursday hiked the
prices of its popular model Alto K10 across the country following the addition
of various safety features and the hatchback will be costlier by up to Rs
23,000 in Delhi-NCR.
Maruti Suzuki: Maruti Suzuki India (MSI) Thursday hiked the
prices of its popular model Alto K10 across the country following the addition
of various safety features and the hatchback will be costlier by up to Rs
23,000 in Delhi-NCR.
Blue Star: Air-conditioning and refrigeration major Blue Star
said with the commissioning of its proposed plant in Andhra its capacity will
double to 10 lakh units per annum by 2022.
Indian Hotels: Indian Hotels Company on Thursday announced
the launch of a new brand, SeleQtions, with a dozen hotels in India under this
portfolio in the first phase. (trading suspended).
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