Battrixx (Battery division of Kabra Extrusiontechnik Ltd. announces its association with WardWizard Innovations and Mobility Ltd.. It has received its single largest order to supply 8000 battery packs for Joy E-Bike (electric two-wheelers) produced by WardWizard. Positive

Trading in Equity Shares of 3i Infotech Limited will be suspended w.e.f. August 30, 2021 on account of Reduction of Share Capital pursuant to NCLT order.

World Markets

Dow + 216
Nasdaq + 228
Dax + 45
Nikkei + 315
Hangseng + 328
Sgxnifty + 81 (16574)
Brent Crude 68.62
Dow Fut + 80
Dollar Index 93.03

Pledge Share Details

Ajanta Pharma: Promoter Aayush Agrawal created a pledge of 3 lakh shares on August 20.

Apollo Tyres: Promoter Apollo Finance revoked pledge of 3,000 shares on August 18.

Chambal Fertilisers & Chemicals: Promoter Zuari Global created a pledge of 1.05 lakh shares on August 18.

Stocks To Watch

Eicher Motors: Board has re-appointed Siddhartha Lal as Managing Director for five years. The Board has approved a revised remuneration structure for Lal with a maximum cap of 1.5% of profits. Specific details of the remuneration to be shared via the postal ballot. The Board to go back to shareholders for approval through postal ballot.

Maruti Suzuki India: The Competition Commission of India has imposed a penalty of Rs 200 crore on the company for restricting discounts by dealers. The company was penalised for “indulging in anti-competitive conduct of Resale Price Maintenance in the passenger vehicle segment by way of implementing Discount Control Policy vis-à-vis dealers,” the regulator said. CCI has also directed the company to cease and desist from indulging in anti-competitive practices

Canara Bank: Raised Rs 2,500 crore through QIP. The Board of Directors of the bank approved closure of the issue period for QIP on August 23 and the issue price of Rs 149.35 per equity share. The issue price is at a discount of 4% to the floor price of Rs 155.58 per equity share.

Punjab & Sind Bank: Appropriated accumulated losses of Rs 3,577.55 crore from Share Premium Account of the bank.

Indian Hotels Company: Approved raising up to Rs 3,000 crore via rights issue. The Board also approved the formation of a Committee of Directors to decide on the terms and conditions of issue including the rights entitlement ratio, the issue price, record date, timing of the rights issue and other related matters.

Paisalo Digital: Board to meet on August 31 to consider raising funds via issue of unsecured NCDs through private placement basis.

Adani Green Energy: Board to meet on August 26 to consider raising funds via issue of securities including any senior secured or unsecured, senior or subordinated NCDs or any other permissible debt securities or by way of external commercial borrowings.

Adani Enterprises: Ordefence Systems, a step-down subsidiary of the company, has incorporated a company named PLR Systems (India). It has been incorporated with the objective to undertake the manufacture of defence and security equipment.

JSW Steel: ICRA has upgraded the credit rating of Long-Term Bank Facilities and NCDs to AA/stable from AA-

Who’s Meeting Whom

Cipla: To meet Investec Capital Services (India) on August 24.

HSIL: To meet Tusk Investments on August 24.

Indian Energy Exchange: To meet Janchor Partners on August 24.

IIFL Finance: To meet Myriad (HK) on August 24.

Nazara Technologies: To meet GIC on August 24.

Steel Strips Wheels: To meet Edelweiss Securities on August 25.

KEI Industries: To meet Phillip Capital (India) and Jefferies India on August 24.

Insider Trades

Adani Green Energy: Promoter Infinite Trade and Investments bought 18.75 lakh shares on August 20.

GHCL: Promoter Ram Krishna Dalmia Foundation sold 3,000 on August 20.

Karda Constructions: Promoters (Laxman Karda and Karamchand Karda) sold 66.50 lakh shares on August 20.

Mangalore Chemicals & Fertilizers: Promoter Adventz Finance bought 27,769 shares on August 20.

Man Infraconstruction: Promoter Mansi Shah bought 4.78 lakh shares between August 20-23.

Poonawalla Fincorp: Promoter Celica Developers sold 50 lakh shares on August 20.

Money Market Update

The rupee ended at 74.21 against the U.S. Dollar on Monday as compared to Friday's closing of 74.39

Trading Tweaks

Ex-Date AGM: Ugro Capital, Apollo Pipes, Macrotech Developers, Precision Wires India, Sundaram Finance, Snowman Logistics

Ex-Date Interim Dividend: Datamatics Global Services, Natco Pharma

Ex-Date Final Dividend: Sundaram Finance, Precision Wires India

Record Date Interim Dividend: Sun Tv Network

Record Date Final Dividend: Indiamart Intermesh, Balaji Telefilms

Record Date Dividend DLF

Price Band Revised From 10% To 5%: Future Lifestyle Fashions, NACL Industries

Price Band Revised From 20% To 10%: Ujjivan Financial Services

Listing of Equity Shares of Chemplast Sanmar Limited (IPO) with effect from August 24, 2021 Today
Issue Price : Rs. 541/-

Suspension of trading in equity shares – 3i Infotech Limited security will be suspended from trading w.e.f.
August 30, 2021 (i.e., closing hours of trading on August 27, 2021)
Reason for Suspension : Suspension of Trading on account of
Capital Reduction pursuant to NCLT Order

Listing of Equity Shares of Aptus Value Housing Finance India Limited (IPO) with effect from August 24, 2021 today
Issue Prce : Rs. 353/-

Stocks Ban In F&O:

Canara Bank,
Idea,
NMDC,
Sun TV

*Good Morning*
• India Aims to Raise $81 Billion by Leasing Infrastructure Assets
o Private operators are required to return assets to state
• India May Miss Normal Monsoon Forecast This Year, Skymet Says
• India Crypto Bill Likely in Next Parliament Session: Official
• India, ADB Sign $500 Million Loan to Expand Bengaluru Metro Rail
• India CCI Received Green Channel Filing From Diamler AG
• Hindalco’s Birla Sees Strong Demand Across All Business Segments
• Cracking India’s EV Market Won’t Be Easy But Musk Should Persist
• Shadow Lender Indel Money to Raise Up to INR10b Via Debt, Equity
• RBI Converts INR51B Short Bonds to Long Debt, Less Than Planned
• Emerging Market ETFs Fall for 2nd Week in $456.6 Mln Streak
• Global Funds Sell Net INR13.6B of India Stocks on Monday: NSE
o Domestic funds buy net 14.5b rupees of stocks
• Foreign Investors Buy Net INR5.17b of Indian Equities on Aug. 20
• Foreigners Buy Net INR24.4B of Indian Equity Derivatives Monday
• Taliban Name Obscure Official Central Bank Chief as Crisis Looms
• Gold Rises to Two-Week High on Talk of Delayed Fed Tapering
• Cadila Healthcare (CDH): Aims to make 100M-120M Covid Vaccine doses annually
• Canara bank (CBK): Raises 25b rupees via QIP; approve issue price INR149.35/shr
• Eicher Motors (EIM): Says caps MD Lal’s pay, re-appoints him for five years
• Indian Hotels (IH): Approves raising up to INR30b via rights issue of shrs
• Maruti Suzuki (MSIL): India Antitrust Regulator imposes INR2b penalty on Maruti Suzuki
• Maruti Suzuki (MSIL): India Antitrust Regulator imposes INR2b penalty on Maruti Suzuki

*SGX Nifty +80 pts (16573) from last trade 16493 ,*


Nikkei +271 pts ,
Hangseng +319 pts ,
Now @6.57am .



Dow +215.63 pts ,Nsdq +227.99 pts, S&P
+37.86 pts, Bovespa -581 pts , Ftse +21 pts  , Dax +44 pts , Cac +56 pts , Crude @ $65.50 brl (-0.10), Brent @ $68.62 brl (-0.13) , Gold @ 1806.50 (-0.17), Silver @ $23.60 (-0.05), Euro @ $1.1741, JPY @ $109.71,  INR @ 74.125





*Today's Corporate Action*
*24th  Aug Ex Date*



DATAMATICS
Interim Dividend - Rs. - 2.5000
INDOBORAX
Final Dividend - Rs. - 10.0000
NATCOPHARM
Interim Dividend - Rs. - 2.0000
PRECWIRE
Final Dividend - Rs. - 2.0000
RTL
Interim Dividend - Rs. - 1.0000
SUNDARMFIN
Final Dividend - Rs. - 6.0000




*Today's Key Results/Board Meetings*
*24-Aug-21*



AML
A.G.M.;Issue Of Warrants;General
BINDALEXPO
A.G.M.;General
CNIRESLTD
A.G.M.
DILIGENT
Quarterly Results
DYNAMICP
A.G.M.;General
FRONTCORP
A.G.M.
GEMSPIN
A.G.M.
GILLETTE
Audited Results;Final Dividend
GOKEX
Increase in Authorised Capital;Preferential Issue of shares
GVKPIL
Audited Results
ITDC
Quarterly Results
RELTD
General
SUJALA
General
TRINITYLEA
A.G.M.;General
VOLTAMP
General




*Stock under F&O ban on NSE*
*24-Aug-21*




1CANBK

2IDEA

3NMDC

4SUNTV

GM jsk stock in news vedl,affle,hcltech,pfizer,ncc,rvnl,mtnl, powergrid,Hindalco,gmr,adanientp,canarabk,indusindbk,hdfcbk,brigade,mrpl,ongc,ioc. Negative stocks infosys,maruthi,eicher. Nifty range 16400-16650.

*Ujjivan Founder Flags Asset Quality, Attrition Concerns As CEO Resigns*

A day after Nitin Chugh, resigned as chief executive at Ujjivan Small Finance Bank Ltd., founder Samit Ghosh highlighted two major concerns at the bank. The extent of provisions against bad loans over the last year and the high attrition rate at various levels at the bank were concerning, Ghosh told analysts over a call on Friday.

We have always been very conservative in provisioning. The provisioning over the last one year has moved up and down, which is a matter of concern at the holding company (Ujjivan Financial Services Ltd.)," he said on the call.

"We have always been very conservative in provisioning. The provisioning over the last one year has moved up and down, which is a matter of concern at the holding company (Ujjivan Financial Services Ltd.)," he said on the call.

The board will now undertake a "tough" review of the bank's loan book to identify accounts where further provisioning is needed. Once the provisioning is completed, the bank will begin the recovery process from the following quarter, Ghosh said.

The second wave of the Covid-19 pandemic had impacted the bank's asset quality. As of June 30, Ujjivan Small Finance Bank saw its gross non-performing asset ratio jump to 9.8% from 7.1% in March. This was primarily because collection efficiency for the bank dropped from 94% in March to 72% in May.

The bank has also seen multiple exits at the ground level, mid-management and top management levels, which the holding company intends to stem immediately, Ghosh said.

Ghosh has been appointed as a common director between Ujjivan Financial Services and Ujjivan Small Finance Bank. He will be running the process to appoint a new CEO and will also manage the reverse merger between the two entities, in consultation with the Reserve Bank of India, he said.

Ujjivan Small Finance Bank's board will hold a board meeting on Aug. 25 to decide the future course of action. The board will appoint an officer on special duty who will take care of day-to-day operations at the bank till Chugh's exit on Sept. 30. This person will then be appointed as interim CEO, till the board is able to finalise a permanent CEO over the next three or four months, Ghosh said.

"People leave their jobs because they are not happy with the work they are doing, not because of remuneration problems. If there are any issues with remuneration, we will surely address them," Ghosh told analysts.

The bank's board and the holding company will continue to stay the course set under Chugh, Ghosh said. Going forward, Ujjivan Small Finance Bank's digital initiatives introduced by Chugh will be managed by officials who are a step below the CEO.

We do not believe that the older management officials at the bank will leave now. Even the ones who are in their notice period will likely continue at the bank. The new people who came in under Nitin (Chugh) may feel uncomfortable and leave," Ghosh said.

HCL Tech Signs Contract With Munich Re To Transform Digital Workplace Services In 40 Countries

HCL Technologies Ltd. signed contract with Munich Re, one of the world's leading reinsurers, to create next-generation digital workplace for its workforce.

HCL Tech will now modernize and standardize workplace services for more than 16,000 employees in 40 countries.
HCL Tech selected as Munich Re's preferred partner.
HCL Tech's WorkBlaze solution will provide predictive analytics and AI for tech operations capabilities.