HDFC Bank divests over 2% stake in CDSL for Rs 223 crore
https://www.businesstoday.in/industry/banks/story/hdfc-bank-divests-over-2-stake-in-cdsl-for-rs-223-crore-305105-2021-08-24
https://www.businesstoday.in/industry/banks/story/hdfc-bank-divests-over-2-stake-in-cdsl-for-rs-223-crore-305105-2021-08-24
Business Today
HDFC Bank divests over 2% stake in CDSL for Rs 223 crore
HDFC Bank sold 23,11,000 equity shares of face value of Rs 10 each fully paid up held by the bank in CDSL through the secondary market route on the NSE
India overtakes US to become second-most sought-after manufacturing destination
https://www.businesstoday.in/latest/economy/story/india-overtakes-us-to-become-second-most-sought-after-manufacturing-destination-305048-2021-08-24
https://www.businesstoday.in/latest/economy/story/india-overtakes-us-to-become-second-most-sought-after-manufacturing-destination-305048-2021-08-24
Business Today
India overtakes US to become second-most sought-after manufacturing destination
The Cushman and Wakefield 2021 Global Manufacturing Risk Index stated that India could benefit from relocations from China to other parts of Asia
India's GDP likely to grow at 18.5% in Q1FY22: SBI report
https://mybs.in/2Zgke63
https://mybs.in/2Zgke63
Business-Standard
India's GDP likely to grow at 18.5% in Q1FY22: SBI report
The country's gross domestic product (GDP) is expected to grow at around 18.5 per cent with an upward bias in the first quarter of the current financial year, according to SBI research report Ecowrap
#AGR | Relief for Bharti Airtel
#SupremeCourt asks @DoT_India to not encash bank guarantees for 3 weeks
- SC allows #BhartiAirtel to move #TDSAT against DoT's demand to pay #Videocon's AGR dues
@abhhimanyus reports https://t.co/nXe3FC6gVV
#SupremeCourt asks @DoT_India to not encash bank guarantees for 3 weeks
- SC allows #BhartiAirtel to move #TDSAT against DoT's demand to pay #Videocon's AGR dues
@abhhimanyus reports https://t.co/nXe3FC6gVV
Twitter
ET NOW
#AGR | Relief for Bharti Airtel #SupremeCourt asks @DoT_India to not encash bank guarantees for 3 weeks - SC allows #BhartiAirtel to move #TDSAT against DoT's demand to pay #Videocon's AGR dues @abhhimanyus reports
*Business News Headlines* 🇮🇳
*Economic Times*
Ø Bank of India plans to raise Rs 3,000 cr equity capital via QIP
Ø Hindalco has $2.5-3 billion capex plans for next 5 years: KM Birla
Ø Infosys becomes 4th most valued company in India to join $100 billion market cap club
Ø NSE-BSE bulk deals: CLSA Global, Copthall Mauritius sell stake in Chemplast Sanmar
Ø FPIs favour cement stocks on better volume visibility
Ø Sebi empanels 16 entities to conduct forensic audit
Ø MSCI CEO dismisses concerns Chinese stocks are ‘uninvestable’
Ø Govt mulls ways to let telcos pay AGR dues over 20 years
Ø Rajratan gains from tyre demand surge, import curbs
Ø Continuum Energy's founders keen to buy Morgan Stanley’s stake in firm
Ø Punjab & Sind Bank sets off accumulated losses of Rs 3,577 cr
*Business Standard*
Ø Adani Total Gas buys 50% stake in gas meter manufacturing firm
Ø Arvind Fashions raises Rs 439 crore from investors, promoters
Ø Govt decision on raising tariffs fails to unite telecom companies
Ø Eicher Board to meet over MD's salary as shareholders reject re-appointment
Ø GMR group unveils plans to modernise Nagpur Airport after HC ruling
Ø Unfreeze Zee Entertainment insider trading accounts: Bajaj Finance to Sebi
Ø FMCG market in India expands 37% in April-June quarter: Nielsen
Ø ITC to invest $2 billion across segments in medium-term, says MD
Ø NTPC commissions 15 MW floating solar capacity at Andhra's Simhadri
Ø ICRA revises GE Power India's outlook to negative from stable
*Financial Express*
Ø FinMin exploring insurance bonds as alternative to bank guarantees
Ø REITs, InvITs to be included in Nifty indices from Sep 30
Ø Govt mulls permitting foreign investment in LIC
Ø Chris Wood raises India weight by pruning China exposure; remains bullish despite lofty valuations
Ø Almost 52% IPO investors sold shares on listing day in Apr-Jul FY22
Ø NSE warns against unregulated derivative products
Ø Zomato invests over $100 million in Grofers
Ø FPIs pump in Rs 7,245 crore in Aug
*Economic Times*
Ø Bank of India plans to raise Rs 3,000 cr equity capital via QIP
Ø Hindalco has $2.5-3 billion capex plans for next 5 years: KM Birla
Ø Infosys becomes 4th most valued company in India to join $100 billion market cap club
Ø NSE-BSE bulk deals: CLSA Global, Copthall Mauritius sell stake in Chemplast Sanmar
Ø FPIs favour cement stocks on better volume visibility
Ø Sebi empanels 16 entities to conduct forensic audit
Ø MSCI CEO dismisses concerns Chinese stocks are ‘uninvestable’
Ø Govt mulls ways to let telcos pay AGR dues over 20 years
Ø Rajratan gains from tyre demand surge, import curbs
Ø Continuum Energy's founders keen to buy Morgan Stanley’s stake in firm
Ø Punjab & Sind Bank sets off accumulated losses of Rs 3,577 cr
*Business Standard*
Ø Adani Total Gas buys 50% stake in gas meter manufacturing firm
Ø Arvind Fashions raises Rs 439 crore from investors, promoters
Ø Govt decision on raising tariffs fails to unite telecom companies
Ø Eicher Board to meet over MD's salary as shareholders reject re-appointment
Ø GMR group unveils plans to modernise Nagpur Airport after HC ruling
Ø Unfreeze Zee Entertainment insider trading accounts: Bajaj Finance to Sebi
Ø FMCG market in India expands 37% in April-June quarter: Nielsen
Ø ITC to invest $2 billion across segments in medium-term, says MD
Ø NTPC commissions 15 MW floating solar capacity at Andhra's Simhadri
Ø ICRA revises GE Power India's outlook to negative from stable
*Financial Express*
Ø FinMin exploring insurance bonds as alternative to bank guarantees
Ø REITs, InvITs to be included in Nifty indices from Sep 30
Ø Govt mulls permitting foreign investment in LIC
Ø Chris Wood raises India weight by pruning China exposure; remains bullish despite lofty valuations
Ø Almost 52% IPO investors sold shares on listing day in Apr-Jul FY22
Ø NSE warns against unregulated derivative products
Ø Zomato invests over $100 million in Grofers
Ø FPIs pump in Rs 7,245 crore in Aug
*SGX Nifty +60 pts (16676) from last trade 16616*
Nikkei +66 pts
Hangseng +202 pts
Now @7.00am
Dow +30.55 pts ,Nsdq +77.15 pts, S&P +6.70 pts, Bovespa +2739 pts , Ftse +16 pts , Dax +53 pts , Cac -18 pts , Crude @ $67.46 brl (-0.10), Brent @ $71.05 brl (-0.13) , Gold @ 1803.90 (-4.60), Silver @ $23.855 (-0.03), Euro @ $1.1752, JPY @ $109.70, INR @ 74.145
*Today's Corporate Action*
*25th Aug Ex Date*
ACE
Final Dividend - Rs. - 0.5000
DBCORP
Interim Dividend - Rs. - 2.0000
DCMSRMIND
Final Dividend - Rs. - 2.5000
FERMENTA
Final Dividend - Rs. - 2.5000
HIKAL
Final Dividend - Rs. - 1.0000
KAKATCEM
Final Dividend - Rs. - 3.0000
KANPRPLA
Final Dividend - Rs. - 1.8000
POLYPLEX
Interim Dividend - Rs. - 33.0000
STARCEMENT
Buy Back of Shares
TANFACIND
Interim Dividend - Rs. - 3.5000
TOWERINFRA
Income Distribution (InvIT)
TVSSRICHAK
Dividend - Rs. - 30.0000
*Today's Key Results/Board Meetings*
*25-Aug-21*
ADJIA
General
ADVAIT
A.G.M.;General
ASHAI
General
DECIPHER
A.G.M.;General
DESHRAK
A.G.M.;General
DYNAMIND
A.G.M.;General
FILATEX
Preferential Issue of shares
HAZOOR
A.G.M.
KDML
A.G.M.
KEL
A.G.M.
KSCL
Buy Back of Shares
MAHASTEEL
General
PACT
A.G.M.;General
PGHH
Audited Results;Final Dividend
POPULARES
General
RAJOOENG
General
SABOOBR
A.G.M.;General
SCANSTL
A.G.M.
SHINEFASH
Audited Results
SHRIBCL
A.G.M.;General
SSLFINANCE
A.G.M.;General
STERPOW
A.G.M.;General
SWASTIVI
General
SWORDEDGE
General
TITANBIO
A.G.M.
TITANSEC
A.G.M.
TMRVL
Audited Results;Quarterly Results
TNTELE
Quarterly Results
VIKASLIFE
A.G.M.;General;Rights Issue
*Stock under F&O ban on NSE*
*25-Aug-21*
1CANBK
2IDEA
3NMDC
4SAIL
Nikkei +66 pts
Hangseng +202 pts
Now @7.00am
Dow +30.55 pts ,Nsdq +77.15 pts, S&P +6.70 pts, Bovespa +2739 pts , Ftse +16 pts , Dax +53 pts , Cac -18 pts , Crude @ $67.46 brl (-0.10), Brent @ $71.05 brl (-0.13) , Gold @ 1803.90 (-4.60), Silver @ $23.855 (-0.03), Euro @ $1.1752, JPY @ $109.70, INR @ 74.145
*Today's Corporate Action*
*25th Aug Ex Date*
ACE
Final Dividend - Rs. - 0.5000
DBCORP
Interim Dividend - Rs. - 2.0000
DCMSRMIND
Final Dividend - Rs. - 2.5000
FERMENTA
Final Dividend - Rs. - 2.5000
HIKAL
Final Dividend - Rs. - 1.0000
KAKATCEM
Final Dividend - Rs. - 3.0000
KANPRPLA
Final Dividend - Rs. - 1.8000
POLYPLEX
Interim Dividend - Rs. - 33.0000
STARCEMENT
Buy Back of Shares
TANFACIND
Interim Dividend - Rs. - 3.5000
TOWERINFRA
Income Distribution (InvIT)
TVSSRICHAK
Dividend - Rs. - 30.0000
*Today's Key Results/Board Meetings*
*25-Aug-21*
ADJIA
General
ADVAIT
A.G.M.;General
ASHAI
General
DECIPHER
A.G.M.;General
DESHRAK
A.G.M.;General
DYNAMIND
A.G.M.;General
FILATEX
Preferential Issue of shares
HAZOOR
A.G.M.
KDML
A.G.M.
KEL
A.G.M.
KSCL
Buy Back of Shares
MAHASTEEL
General
PACT
A.G.M.;General
PGHH
Audited Results;Final Dividend
POPULARES
General
RAJOOENG
General
SABOOBR
A.G.M.;General
SCANSTL
A.G.M.
SHINEFASH
Audited Results
SHRIBCL
A.G.M.;General
SSLFINANCE
A.G.M.;General
STERPOW
A.G.M.;General
SWASTIVI
General
SWORDEDGE
General
TITANBIO
A.G.M.
TITANSEC
A.G.M.
TMRVL
Audited Results;Quarterly Results
TNTELE
Quarterly Results
VIKASLIFE
A.G.M.;General;Rights Issue
*Stock under F&O ban on NSE*
*25-Aug-21*
1CANBK
2IDEA
3NMDC
4SAIL
*Chris Wood raises India weight by pruning China exposure*
Chris Wood, global head Jefferies has increased India weightage in his Asia Pacific portfolio. Sensex and Nifty are now less than 1% away from their all-time highs, recouping losses this week. "GREED & fear remains structurally positive on the Indian market despite the lofty valuation at 21.5 times 12- month forward earnings which creates a certain vertigo," Chris Wood said in his weekly newsletter. "A new property cycle has commenced, a broader capital spending cycle should be coming sooner or later while the best companies have profited from deleveraging triggered consolidation in sectors like residential property and housing finance and indeed consumer finance in general," . The pro-growth stand taken by the central government is also counted as a positive by the market strategist.
Risks seen ahead for Indian stock markets include the arrival of a new covid-19 variant, but that is a risk the country shares with the rest of the world. Meanwhile, the other risk stems from any change in RBI's policy stance. The Reserve Bank of India raised its inflation forecast recently but is yet to signal a change in policy. The RBI raised its CPI inflation forecast for this fiscal year to 5.7% in its policy meeting in August, up from 5.1% projected in June. Still, the RBI's bond purchases under the Open Market Operations (OMO) programme have continued while there is no talk as yet of rate hikes. RBI has reiterated its support for the growing economy over the last few months.
Restating his bullish views on the Indian stock market, Chris Wood added that India is likely to underperform in any global risk-off move triggered by tapering scares. With India's outperformance and China's underperformance, the former's overweight in the Asian Portfolio has become Neutral. Keeping this in mind, Chris Wood has increased India's weight by two percentage points with the money shaved from China and Hong Kong. "If India corrects more sharply in an aggravated tapering scare, the weighting will be added to. Meanwhile, China would be a natural outperformer in a tapering scare were it not for the continuing regulatory noise," Chris Wood added.
*Stocks in Asia Portfolio*
India's weight in the Asia Portfolio is 14% against MSCI AC Asia Pacific ex-Japan weighting of 11.1% - a 2.9% mismatch from the benchmark. Some of the Indian stocks in the Asia Portfolio include:
Reliance Industries, HDFC, ICICI Prudential Life Insurance, ICICI Lombard General Insurance, Godrej Properties, and ICICI Bank.
Chris Wood, global head Jefferies has increased India weightage in his Asia Pacific portfolio. Sensex and Nifty are now less than 1% away from their all-time highs, recouping losses this week. "GREED & fear remains structurally positive on the Indian market despite the lofty valuation at 21.5 times 12- month forward earnings which creates a certain vertigo," Chris Wood said in his weekly newsletter. "A new property cycle has commenced, a broader capital spending cycle should be coming sooner or later while the best companies have profited from deleveraging triggered consolidation in sectors like residential property and housing finance and indeed consumer finance in general," . The pro-growth stand taken by the central government is also counted as a positive by the market strategist.
Risks seen ahead for Indian stock markets include the arrival of a new covid-19 variant, but that is a risk the country shares with the rest of the world. Meanwhile, the other risk stems from any change in RBI's policy stance. The Reserve Bank of India raised its inflation forecast recently but is yet to signal a change in policy. The RBI raised its CPI inflation forecast for this fiscal year to 5.7% in its policy meeting in August, up from 5.1% projected in June. Still, the RBI's bond purchases under the Open Market Operations (OMO) programme have continued while there is no talk as yet of rate hikes. RBI has reiterated its support for the growing economy over the last few months.
Restating his bullish views on the Indian stock market, Chris Wood added that India is likely to underperform in any global risk-off move triggered by tapering scares. With India's outperformance and China's underperformance, the former's overweight in the Asian Portfolio has become Neutral. Keeping this in mind, Chris Wood has increased India's weight by two percentage points with the money shaved from China and Hong Kong. "If India corrects more sharply in an aggravated tapering scare, the weighting will be added to. Meanwhile, China would be a natural outperformer in a tapering scare were it not for the continuing regulatory noise," Chris Wood added.
*Stocks in Asia Portfolio*
India's weight in the Asia Portfolio is 14% against MSCI AC Asia Pacific ex-Japan weighting of 11.1% - a 2.9% mismatch from the benchmark. Some of the Indian stocks in the Asia Portfolio include:
Reliance Industries, HDFC, ICICI Prudential Life Insurance, ICICI Lombard General Insurance, Godrej Properties, and ICICI Bank.
*Good Morning*
• India Rate Panel’s Stance Needs to Change as Risks Fade: Varma
• India’s Top Court Allows Airtel to Move Tribunal on AGR Dues
• India Is Said to Consider Allowing FDI in Life Insurance Corp
o LIC is headed for what could be India’s biggest ever IPO
• Hyundai India to Launch Mass-Market EV in a Few Years, CEO Says
• India Allows Import of 1.2M Tons of Genetically Modified Soymeal
• Patchy Indian Monsoon Set to Cheer Palm Traders 3,000 Miles Away
• India Cumulative Monsoon Rainfall 9% Below Normal as Aug. 24
• India’s Key Equities Gauges Surge to New Records as Metals Rally
• Global Funds Sell Net INR16.45b of India Stocks on Tuesday: NSE
o Domestic funds sell net 23.8b rupees of stocks
• Foreign Investors Sell Net INR13.55b of India Equities on Aug. 23
• Foreigners Sell Net INR10.2B of India Equity Derivatives Tuesday
• Gold Climbs to Two-Week High as Fed Tapering Timeline in Focus
• FM to meet CEOs of public sector banks on Wed: PTI
• ‘The Ashok’ to be leased out to private cos, 7 other ITDC hotels to be monetised in 4 yrs: PTI
• Indian pharma exporters stare at Afghan uncertainty; $126 Mn target in FY22 on blink: PTI
• Centrum Capital (CECA): To transfer 2 units to planned small finance bank
• Canara Bank (CBK): Discloses 1.5% Holding by Billionaire Jhunjhunwala
• Power Finance Corp. (PFC): In pact with NHPC to lend for hydro project development
• Tata Steel (TATA): Says Brickwork revised rating to AA+ with stable outlook
• Wabco India (WIL): Floor price for OFS has been set at 6,900 rupees a share
• Wipro (WPRO): Announces opening of new delivery center in Arkansas, to invest about $3m on a 70,000 sqft facility; to hire 400 employees in 2-yr
• India Rate Panel’s Stance Needs to Change as Risks Fade: Varma
• India’s Top Court Allows Airtel to Move Tribunal on AGR Dues
• India Is Said to Consider Allowing FDI in Life Insurance Corp
o LIC is headed for what could be India’s biggest ever IPO
• Hyundai India to Launch Mass-Market EV in a Few Years, CEO Says
• India Allows Import of 1.2M Tons of Genetically Modified Soymeal
• Patchy Indian Monsoon Set to Cheer Palm Traders 3,000 Miles Away
• India Cumulative Monsoon Rainfall 9% Below Normal as Aug. 24
• India’s Key Equities Gauges Surge to New Records as Metals Rally
• Global Funds Sell Net INR16.45b of India Stocks on Tuesday: NSE
o Domestic funds sell net 23.8b rupees of stocks
• Foreign Investors Sell Net INR13.55b of India Equities on Aug. 23
• Foreigners Sell Net INR10.2B of India Equity Derivatives Tuesday
• Gold Climbs to Two-Week High as Fed Tapering Timeline in Focus
• FM to meet CEOs of public sector banks on Wed: PTI
• ‘The Ashok’ to be leased out to private cos, 7 other ITDC hotels to be monetised in 4 yrs: PTI
• Indian pharma exporters stare at Afghan uncertainty; $126 Mn target in FY22 on blink: PTI
• Centrum Capital (CECA): To transfer 2 units to planned small finance bank
• Canara Bank (CBK): Discloses 1.5% Holding by Billionaire Jhunjhunwala
• Power Finance Corp. (PFC): In pact with NHPC to lend for hydro project development
• Tata Steel (TATA): Says Brickwork revised rating to AA+ with stable outlook
• Wabco India (WIL): Floor price for OFS has been set at 6,900 rupees a share
• Wipro (WPRO): Announces opening of new delivery center in Arkansas, to invest about $3m on a 70,000 sqft facility; to hire 400 employees in 2-yr
REITs, InvITs to be part of Nifty indices from September 30: NSE
https://mybs.in/2Zgl7lP
－shared via Business Standard iPhone App
https://mybs.in/2Zgl7lP
－shared via Business Standard iPhone App
Business-Standard
REITs, InvITs to be part of Nifty indices from September 30: NSE
The changes shall become effective from September 30
Tata Power Renewable Commissions 150 MW Rajasthan Solar Project
Tata Power Renewable Energy Ltd, 100% subsidiary of Tata Power Co Ltd., announced commissioning of 150 MW solar power project in village Loharki in Rajasthan.
According to an exchange filing by the company, the project has been completed within the stipulated timelines and plant would generate more than 350 million units annuals.
The project is expected to result in a reduction of 3.34 lakh tons of carbon emission every year.
Tata Power Renewable Energy Ltd, 100% subsidiary of Tata Power Co Ltd., announced commissioning of 150 MW solar power project in village Loharki in Rajasthan.
According to an exchange filing by the company, the project has been completed within the stipulated timelines and plant would generate more than 350 million units annuals.
The project is expected to result in a reduction of 3.34 lakh tons of carbon emission every year.
BLS INTERNATIONAL: CO LAUNCHES IMMIGRATION CONSULTANCY FOR CANADA
CO WILL LEVERAGE ITS NETWORK IN DOMESTIC AND INTERNATIONAL MARKETS
CO WILL LEVERAGE ITS NETWORK IN DOMESTIC AND INTERNATIONAL MARKETS
*Adani Ports & SEZ*
Company's proposal to acquire 10.4% stake for Rs 644.78 crore of Gangavaram Port Ltd. from the Andhra Pradesh government has received approval from the state's maritime board. The transaction is expected to complete within a month.
Company's proposal to acquire 10.4% stake for Rs 644.78 crore of Gangavaram Port Ltd. from the Andhra Pradesh government has received approval from the state's maritime board. The transaction is expected to complete within a month.
🌟Star Stock: Unmissable: Most attractive at cmp ( down from recent high 270)
🆕4 mn/t cement Demerger possible for value unlocking
*Rain Industries - _Q2CY21 Highlights_*
Reiterate TP ₹ 450+
1️⃣Indian MNC tdg @ 7.3xCY21EEPS
2️⃣ _*Value unlocking as Cement (4.1mn tonne, Debt free) Demerger possible*_
▫️Revenue came at 3643cr reflecting a growth of 55% YoY
▫️PAT came at 265cr reflecting a massive growth of 680% YoY
▫️Sustained margins despite higher raw material costs, with cost discipline coupled with higher volumes
▫️Strong demand for end-products and improved raw material availability resulting from increased refinery throughput and steel production
▫️Milestone delivery of 500,000th ton of CARBORES & PETRORES during the quarter
*Higher Realisations ($/MT)*
▪️CPC realisations at $379 vs $305 (+24% QoQ) vs $230 (+65% YoY)
▪️CTP realisations at $728 vs $648 (+13% QoQ) vs $629 (+16% YoY)
▪️OCP realisations at $512 vs $451 (+14% QoQ) vs $349 (+47% YoY)
▫️With rebounding of end-markets, demand for primary aluminium has increased over the last couple of quarters.
▫️Carbon segment revenue improved due to increased prices and volumes driven by changes in supply and demand; margin increased as a result of effective management of raw material costs and discipline in operating costs
▫️Cement segment performance improved due to increase in sales volumes
*Vertical-Shaft Calcination Plant, India*
▪️Most environmentally friendly CPC plant in the world, with waste-heat recovery and state-of-the-art ammonia-scrubbing system
▪️Plant is ready to commence operations, upon securing supply of GPC
▪️Awaiting permission from Indian authorities for importing raw-materials
*Anhydrous Carbon Pellets (ACP) Plants, India and USA*
▪️US production facility on track to commence operations during the second half of 2021
▪️India plant construction is projected to recommence at the end of 2021
🆕4 mn/t cement Demerger possible for value unlocking
*Rain Industries - _Q2CY21 Highlights_*
Reiterate TP ₹ 450+
1️⃣Indian MNC tdg @ 7.3xCY21EEPS
2️⃣ _*Value unlocking as Cement (4.1mn tonne, Debt free) Demerger possible*_
▫️Revenue came at 3643cr reflecting a growth of 55% YoY
▫️PAT came at 265cr reflecting a massive growth of 680% YoY
▫️Sustained margins despite higher raw material costs, with cost discipline coupled with higher volumes
▫️Strong demand for end-products and improved raw material availability resulting from increased refinery throughput and steel production
▫️Milestone delivery of 500,000th ton of CARBORES & PETRORES during the quarter
*Higher Realisations ($/MT)*
▪️CPC realisations at $379 vs $305 (+24% QoQ) vs $230 (+65% YoY)
▪️CTP realisations at $728 vs $648 (+13% QoQ) vs $629 (+16% YoY)
▪️OCP realisations at $512 vs $451 (+14% QoQ) vs $349 (+47% YoY)
▫️With rebounding of end-markets, demand for primary aluminium has increased over the last couple of quarters.
▫️Carbon segment revenue improved due to increased prices and volumes driven by changes in supply and demand; margin increased as a result of effective management of raw material costs and discipline in operating costs
▫️Cement segment performance improved due to increase in sales volumes
*Vertical-Shaft Calcination Plant, India*
▪️Most environmentally friendly CPC plant in the world, with waste-heat recovery and state-of-the-art ammonia-scrubbing system
▪️Plant is ready to commence operations, upon securing supply of GPC
▪️Awaiting permission from Indian authorities for importing raw-materials
*Anhydrous Carbon Pellets (ACP) Plants, India and USA*
▪️US production facility on track to commence operations during the second half of 2021
▪️India plant construction is projected to recommence at the end of 2021
GM jsk stock in news adaniport,ircon,wipro,pnb,Bob, bajajfinserv,canarabk,itdc, godrejagro,venkys,NHPC,pfc,gmr,filatex. Negative stocks gillete,bharatiair,tatva chintan. Nifty range 16500-16750.
From the Business Media - 25 August 2021
Economic Times
Ø Bank of India plans to raise Rs 3,000 cr equity capital via QIP
Ø Hindalco has $2.5-3 billion capex plans for next 5 years: KM Birla
Ø Infosys becomes 4th most valued company in India to join $100 billion market cap club
Ø NSE-BSE bulk deals: CLSA Global, Copthall Mauritius sell stake in Chemplast Sanmar
Ø FPIs favour cement stocks on better volume visibility
Ø Sebi empanels 16 entities to conduct forensic audit
Ø MSCI CEO dismisses concerns Chinese stocks are ‘uninvestable’
Ø Govt mulls ways to let telcos pay AGR dues over 20 years
Ø Rajratan gains from tyre demand surge, import curbs
Ø Continuum Energy's founders keen to buy Morgan Stanley’s stake in firm
Ø Punjab & Sind Bank sets off accumulated losses of Rs 3,577 cr
Business Standard
Ø Adani Total Gas buys 50% stake in gas meter manufacturing firm
Ø Arvind Fashions raises Rs 439 crore from investors, promoters
Ø Govt decision on raising tariffs fails to unite telecom companies
Ø Eicher Board to meet over MD's salary as shareholders reject re-appointment
Ø GMR group unveils plans to modernise Nagpur Airport after HC ruling
Ø Unfreeze Zee Entertainment insider trading accounts: Bajaj Finance to Sebi
Ø FMCG market in India expands 37% in April-June quarter: Nielsen
Ø ITC to invest $2 billion across segments in medium-term, says MD
Ø NTPC commissions 15 MW floating solar capacity at Andhra's Simhadri
Ø ICRA revises GE Power India's outlook to negative from stable
Financial Express
Ø FinMin exploring insurance bonds as alternative to bank guarantees
Ø REITs, InvITs to be included in Nifty indices from Sep 30
Ø Govt mulls permitting foreign investment in LIC
Ø Chris Wood raises India weight by pruning China exposure; remains bullish despite lofty valuations
Ø Almost 52% IPO investors sold shares on listing day in Apr-Jul FY22
Ø NSE warns against unregulated derivative products
Ø Zomato invests over $100 million in Grofers
Ø FPIs pump in Rs 7,245 crore in Aug
Economic Times
Ø Bank of India plans to raise Rs 3,000 cr equity capital via QIP
Ø Hindalco has $2.5-3 billion capex plans for next 5 years: KM Birla
Ø Infosys becomes 4th most valued company in India to join $100 billion market cap club
Ø NSE-BSE bulk deals: CLSA Global, Copthall Mauritius sell stake in Chemplast Sanmar
Ø FPIs favour cement stocks on better volume visibility
Ø Sebi empanels 16 entities to conduct forensic audit
Ø MSCI CEO dismisses concerns Chinese stocks are ‘uninvestable’
Ø Govt mulls ways to let telcos pay AGR dues over 20 years
Ø Rajratan gains from tyre demand surge, import curbs
Ø Continuum Energy's founders keen to buy Morgan Stanley’s stake in firm
Ø Punjab & Sind Bank sets off accumulated losses of Rs 3,577 cr
Business Standard
Ø Adani Total Gas buys 50% stake in gas meter manufacturing firm
Ø Arvind Fashions raises Rs 439 crore from investors, promoters
Ø Govt decision on raising tariffs fails to unite telecom companies
Ø Eicher Board to meet over MD's salary as shareholders reject re-appointment
Ø GMR group unveils plans to modernise Nagpur Airport after HC ruling
Ø Unfreeze Zee Entertainment insider trading accounts: Bajaj Finance to Sebi
Ø FMCG market in India expands 37% in April-June quarter: Nielsen
Ø ITC to invest $2 billion across segments in medium-term, says MD
Ø NTPC commissions 15 MW floating solar capacity at Andhra's Simhadri
Ø ICRA revises GE Power India's outlook to negative from stable
Financial Express
Ø FinMin exploring insurance bonds as alternative to bank guarantees
Ø REITs, InvITs to be included in Nifty indices from Sep 30
Ø Govt mulls permitting foreign investment in LIC
Ø Chris Wood raises India weight by pruning China exposure; remains bullish despite lofty valuations
Ø Almost 52% IPO investors sold shares on listing day in Apr-Jul FY22
Ø NSE warns against unregulated derivative products
Ø Zomato invests over $100 million in Grofers
Ø FPIs pump in Rs 7,245 crore in Aug
World Markets
Dow + 30
Nasdaq + 77
Dax + 53
Nikkei + 73
Hangseng + 104
Sgxnifty + 56 (16672)
Brent Crude 70.25
Dow Fut - 2
Dollar Index 93
Dow + 30
Nasdaq + 77
Dax + 53
Nikkei + 73
Hangseng + 104
Sgxnifty + 56 (16672)
Brent Crude 70.25
Dow Fut - 2
Dollar Index 93
Pledge Share Details
Adani Transmission: Promoter Adani Tradeline LLP revoked pledge of 8.54 lakh shares on July 20.
Adani Transmission: Promoter Adani Tradeline LLP revoked pledge of 8.54 lakh shares on July 20.
Stocks To Watch
Adani Ports & SEZ: Company's proposal to acquire 10.4% stake for Rs 644.78 crore of Gangavaram Port Ltd. from the Andhra Pradesh government has received approval from the state's maritime board. The transaction is expected to complete within a month.
Canara Bank: Billionaire investor Rakesh Jhunjhunwala has bought 1.59% stake, according to updated shareholding statement released by the state-run lender. The bank had approved allotment of 16.73 crore shares via qualified institutional placement a day earlier.
ICICI Bank: The Reserve Bank of India has approved reappointment of Sandeep Bakhshi as Managing Director and CEO from Oct. 15, 2021 to Oct. 3, 2023.
Wipro: To open a new delivery center in Sherwood, Arkansas. The company will invest approximately $3 million to transform a 70,000 square-foot facility at Landers Road into a customer service center. The delivery center will provide operational services to Wipro’s clients across industry verticals. Wipro expects to hire up to 400 employees in the next two years in Arkansas. Further the company has been awarded a strategic multi-year contract by E.ON for digital transformation of their financial area. Wipro will provide Application Maintenance & Support Services for innovative projects on SAP S/4HANA.
WABCO India: Promoter ZF International U.K. to sell 3.80 lakh equity shares, representing 2.01% of the total equity share capital, through an Offer for Sale. The floor price of Rs 6,900 per share is a 3.83% discount to Tuesday's closing price. The OFS opens for non-retail investors today and for retail investors on August 26.
Centrum Capital: Approved the transfer of the entire business of its two wholly owned material subsidiaries, Centrum Financial Services and Centrum Microcredit, to its proposed small finance bank, via a slump sale, subject to approval of the members and other requisite statutory and regulatory approvals.
Tata Steel: Brickwork Ratings has upgraded the credit rating of unsecured NCD issues aggregating Rs 4,000 crore to AA+/Stable from AA/Stable.
Tatva Chintan Pharma Chem: Mahesh Tanna has resigned as the Chief Financial Officer of the company. Tanna’s resignation to be effective from August 31.
Earnings to watch: Procter & Gamble Hygiene Q4 FY21
Adani Ports & SEZ: Company's proposal to acquire 10.4% stake for Rs 644.78 crore of Gangavaram Port Ltd. from the Andhra Pradesh government has received approval from the state's maritime board. The transaction is expected to complete within a month.
Canara Bank: Billionaire investor Rakesh Jhunjhunwala has bought 1.59% stake, according to updated shareholding statement released by the state-run lender. The bank had approved allotment of 16.73 crore shares via qualified institutional placement a day earlier.
ICICI Bank: The Reserve Bank of India has approved reappointment of Sandeep Bakhshi as Managing Director and CEO from Oct. 15, 2021 to Oct. 3, 2023.
Wipro: To open a new delivery center in Sherwood, Arkansas. The company will invest approximately $3 million to transform a 70,000 square-foot facility at Landers Road into a customer service center. The delivery center will provide operational services to Wipro’s clients across industry verticals. Wipro expects to hire up to 400 employees in the next two years in Arkansas. Further the company has been awarded a strategic multi-year contract by E.ON for digital transformation of their financial area. Wipro will provide Application Maintenance & Support Services for innovative projects on SAP S/4HANA.
WABCO India: Promoter ZF International U.K. to sell 3.80 lakh equity shares, representing 2.01% of the total equity share capital, through an Offer for Sale. The floor price of Rs 6,900 per share is a 3.83% discount to Tuesday's closing price. The OFS opens for non-retail investors today and for retail investors on August 26.
Centrum Capital: Approved the transfer of the entire business of its two wholly owned material subsidiaries, Centrum Financial Services and Centrum Microcredit, to its proposed small finance bank, via a slump sale, subject to approval of the members and other requisite statutory and regulatory approvals.
Tata Steel: Brickwork Ratings has upgraded the credit rating of unsecured NCD issues aggregating Rs 4,000 crore to AA+/Stable from AA/Stable.
Tatva Chintan Pharma Chem: Mahesh Tanna has resigned as the Chief Financial Officer of the company. Tanna’s resignation to be effective from August 31.
Earnings to watch: Procter & Gamble Hygiene Q4 FY21