BSE and NSE to enable access to select US stocks. Here are top 10 stocks held by US-focused mutual funds
https://www.moneycontrol.com/news/photos/business/personal-finance/bse-and-nse-to-enable-access-to-select-us-stocks-here-are-top-10-stocks-held-by-us-focused-mutual-funds-7387001.html
https://www.moneycontrol.com/news/photos/business/personal-finance/bse-and-nse-to-enable-access-to-select-us-stocks-here-are-top-10-stocks-held-by-us-focused-mutual-funds-7387001.html
SAIL aims to bring down its borrowings to Rs 20,000 crore by the end of the current financial year.
@ishitaadutt reports
https://t.co/WZAogNjyh5
@ishitaadutt reports
https://t.co/WZAogNjyh5
Business-Standard
SAIL aims to bring down borrowings to Rs 20,000 crore
During FY21, net debt had decreased by Rs 16,131 crore to Rs 35,350 crore
*Jindal SAW Ltd.* has decreased pellet offers further by INR 500/t ($7) today. The current offer for Fe 63% pellet stands at INR 13,500/t DAP Kandla
World Markets
Dow - 192
Nasdaq - 96
Dax - 67
Nikkei - 113
Hangseng - 44
Sgxnifty + 18 (16658)
Brent Crude 70.28
Dow Fut + 24
Dollar Index 93.13
Dow - 192
Nasdaq - 96
Dax - 67
Nikkei - 113
Hangseng - 44
Sgxnifty + 18 (16658)
Brent Crude 70.28
Dow Fut + 24
Dollar Index 93.13
Stocks To Watch
Wipro: The company has partnered with DataRobot to deliver Augmented Intelligence at scale, to help customers become AI driven enterprises, and accelerate their business impact. This collaboration will help accelerate the execution of AI strategy and will ensure quicker “data to value” for businesses, the company said.
Infosys: Infosys Public Services Inc, a subsidiary of the company has been awarded a contract by Manitoba Public Insurance to digitise driver licensing, vehicle registration, and International Registration Plan services for over 900,000 Manitobans.
IDFC First Bank: RBI has approved the appointment of Sanjeeb Chaudhuri as the part-time Chairman of the bank for a period of three years with effect from August 25. Chaudhuri has served on the boards of
Aditya Birla Fashion & Retail, Citigroup Europe and Standard Chartered Securities.
Adani Green Energy: To raise up to $750 million via bond sale overseas. The company approved issuing U.S. dollar denominated foreign currency bonds which may be issued in one or more tranches overseas. The bonds may be listed in any one or more stock exchanges in India or overseas. The company will use proceeds from the bond
sale for onward lending to subsidiaries, including step-down subsidiaries, for capital expenditure requirements to fund the development of utility scale projects.
ADF Foods: The company’s wholly owned subsidiary, ADF Holdings (USA), will make an investment of up to $5 million, which would entail asset purchase and setting up of a step-down subsidiary in the United States. ADF Holdings (USA) will have a 70% stake in the proposed step-down subsidiary, which will be a distribution company and will help the company move up the value chain. This will further strengthen its penetration and distribution with the retailers with an enlarged product portfolio.
NLC India: Allotted 10,000 Commercial Papers of face value of Rs 5 lakh each aggregating to Rs 500 crore on August 25.
Mahindra CIE Automotive Subscribed to 74.34 lakh equity shares of face value of Rs 10 each of ReNew Surya Alok. Consequently, the company’s stake in ReNew has increased to 82.60 lakh equity shares constituting 31.20% of the total equity capital.
JK Lakshmi Cement: Shareholders approved the reappointment of Vinita Singhania as Managing Director of the company for a period of five years effective August 1.
BHEL: The company has signed a Memorandum of Understanding with JSC Rosoboronexport. The MoU aims to cooperate and implement possible joint projects and activities with BHEL for joint production of spare parts and components for Russian-origin equipment installed onboard the Indian Navy Aircraft Carrier, Vikramaditya, and maintenance of systems and equipment of Aircraft Carrier, Vikramaditya, and on other issues of mutual interest, the company said.
Wipro: The company has partnered with DataRobot to deliver Augmented Intelligence at scale, to help customers become AI driven enterprises, and accelerate their business impact. This collaboration will help accelerate the execution of AI strategy and will ensure quicker “data to value” for businesses, the company said.
Infosys: Infosys Public Services Inc, a subsidiary of the company has been awarded a contract by Manitoba Public Insurance to digitise driver licensing, vehicle registration, and International Registration Plan services for over 900,000 Manitobans.
IDFC First Bank: RBI has approved the appointment of Sanjeeb Chaudhuri as the part-time Chairman of the bank for a period of three years with effect from August 25. Chaudhuri has served on the boards of
Aditya Birla Fashion & Retail, Citigroup Europe and Standard Chartered Securities.
Adani Green Energy: To raise up to $750 million via bond sale overseas. The company approved issuing U.S. dollar denominated foreign currency bonds which may be issued in one or more tranches overseas. The bonds may be listed in any one or more stock exchanges in India or overseas. The company will use proceeds from the bond
sale for onward lending to subsidiaries, including step-down subsidiaries, for capital expenditure requirements to fund the development of utility scale projects.
ADF Foods: The company’s wholly owned subsidiary, ADF Holdings (USA), will make an investment of up to $5 million, which would entail asset purchase and setting up of a step-down subsidiary in the United States. ADF Holdings (USA) will have a 70% stake in the proposed step-down subsidiary, which will be a distribution company and will help the company move up the value chain. This will further strengthen its penetration and distribution with the retailers with an enlarged product portfolio.
NLC India: Allotted 10,000 Commercial Papers of face value of Rs 5 lakh each aggregating to Rs 500 crore on August 25.
Mahindra CIE Automotive Subscribed to 74.34 lakh equity shares of face value of Rs 10 each of ReNew Surya Alok. Consequently, the company’s stake in ReNew has increased to 82.60 lakh equity shares constituting 31.20% of the total equity capital.
JK Lakshmi Cement: Shareholders approved the reappointment of Vinita Singhania as Managing Director of the company for a period of five years effective August 1.
BHEL: The company has signed a Memorandum of Understanding with JSC Rosoboronexport. The MoU aims to cooperate and implement possible joint projects and activities with BHEL for joint production of spare parts and components for Russian-origin equipment installed onboard the Indian Navy Aircraft Carrier, Vikramaditya, and maintenance of systems and equipment of Aircraft Carrier, Vikramaditya, and on other issues of mutual interest, the company said.
Pledge Share Details
Bajaj Hindusthan Sugar: Promoters (Kushagra Bajaj and SKB Roop Commercial LLP) created a pledge of 14.38 crore shares between August 24-25.
DB Corp: Promoter DB Consolidated created a pledge of 11 lakh shares on August 24.
Kalpataru Power Transmission: Promoter Kalpataru Constructions revoked pledge of 1.29 lakh shares on August 23. Promoter Kalpataru Properties created a pledge of 1.29 lakh shares on August 24.
Zuari Agro Chemicals: Promoters (Zuari Global and Zuari Management Services) created a pledge of 17 lakh shares on August 23.
Bajaj Hindusthan Sugar: Promoters (Kushagra Bajaj and SKB Roop Commercial LLP) created a pledge of 14.38 crore shares between August 24-25.
DB Corp: Promoter DB Consolidated created a pledge of 11 lakh shares on August 24.
Kalpataru Power Transmission: Promoter Kalpataru Constructions revoked pledge of 1.29 lakh shares on August 23. Promoter Kalpataru Properties created a pledge of 1.29 lakh shares on August 24.
Zuari Agro Chemicals: Promoters (Zuari Global and Zuari Management Services) created a pledge of 17 lakh shares on August 23.
Insider Trades
Adani Green Energy: Promoter Infinite Trade and Investments bought 13.80 lakh shares on August 25.
Apollo Tyres: Promoter PTL Enterprises Bought 1 Lakh Shares Between August 23-24
Elecon Engineering: Promoters (Taruna Patel and Akanksha Patel) bought 10,650 shares between August 23-24.
GRM Overseas: Promoters (Atul Garg and Mamta Garg) bought 23,802 shares between August 24-25.
Jindal Stainless (Hisar): Promoter JSL Overseas bought 1.50 lakh shares on August 25.
NRB Bearings: Promoters (Harshbeena Zaveri and Aziz Zaveri) bought 9,100 shares between August 20-23.
Adani Green Energy: Promoter Infinite Trade and Investments bought 13.80 lakh shares on August 25.
Apollo Tyres: Promoter PTL Enterprises Bought 1 Lakh Shares Between August 23-24
Elecon Engineering: Promoters (Taruna Patel and Akanksha Patel) bought 10,650 shares between August 23-24.
GRM Overseas: Promoters (Atul Garg and Mamta Garg) bought 23,802 shares between August 24-25.
Jindal Stainless (Hisar): Promoter JSL Overseas bought 1.50 lakh shares on August 25.
NRB Bearings: Promoters (Harshbeena Zaveri and Aziz Zaveri) bought 9,100 shares between August 20-23.
Money Market Update
The rupee ended at 74.22 against the U.S. Dollar on Thursday as compared to Wednesday's closing of 74.24.
The rupee ended at 74.22 against the U.S. Dollar on Thursday as compared to Wednesday's closing of 74.24.
Trading Tweaks
Ex-Date AGM: Hatsun Agro Product, Panama Petrochem, Gateway Distriparks, HG Infra Engineering
Ex-Date Interim Dividend: Aurobindo Pharma, Computer Age Management Services
Ex-Date Final Dividend: CEAT, HG Infra Engineering, Panama Petrochem, Sutlej Textiles & Industries
Ex-Date Dividend: Amines & Plasticizers
Record Date Dividend: Kirloskar Brothers
Record Date Final Dividend: Indo Count Industries
Record Date Interim Dividend: GRM Overseas
Record Date Buy Back: R Systems International
Move Into Short-Term ASM Framework: BLS International Services, Linde India
Move Out Of Short-Term ASM Framework: SVP Global Ventures, Stylam Industries
Ex-Date AGM: Hatsun Agro Product, Panama Petrochem, Gateway Distriparks, HG Infra Engineering
Ex-Date Interim Dividend: Aurobindo Pharma, Computer Age Management Services
Ex-Date Final Dividend: CEAT, HG Infra Engineering, Panama Petrochem, Sutlej Textiles & Industries
Ex-Date Dividend: Amines & Plasticizers
Record Date Dividend: Kirloskar Brothers
Record Date Final Dividend: Indo Count Industries
Record Date Interim Dividend: GRM Overseas
Record Date Buy Back: R Systems International
Move Into Short-Term ASM Framework: BLS International Services, Linde India
Move Out Of Short-Term ASM Framework: SVP Global Ventures, Stylam Industries
Who’s Meeting Whom
Tata Chemicals: To meet Ishana Capital on August 27.
UltraTech Cement: To meet Neuberger Berman Group LLC on August 27.
Meghmani Finechem: The company's officials will meet GIC (Government of Singapore Investment Corporation) on August 27.
Narayana Hrudayalaya: To meet UTI Mutual Fund on August 30.
Garware Hi-Tech Films: To meet Aditya Birla Money on August 31
Tata Chemicals: To meet Ishana Capital on August 27.
UltraTech Cement: To meet Neuberger Berman Group LLC on August 27.
Meghmani Finechem: The company's officials will meet GIC (Government of Singapore Investment Corporation) on August 27.
Narayana Hrudayalaya: To meet UTI Mutual Fund on August 30.
Garware Hi-Tech Films: To meet Aditya Birla Money on August 31
Introduction of Futures & Options Contracts on 10 Individual Securities
w.e.f. August 27, 2021 from Today
1 CANFINHOME
2 DIXON
3 HAL
4 IEX
5 INDIAMART
6 IPCALAB
7 MCX
8 OFSS
9 POLYCAB
10 SYNGENE
w.e.f. August 27, 2021 from Today
1 CANFINHOME
2 DIXON
3 HAL
4 IEX
5 INDIAMART
6 IPCALAB
7 MCX
8 OFSS
9 POLYCAB
10 SYNGENE
Bulk Deal as on 26-08-21
Cheviot Ltd
+ 3.75 Lk @ 1310 Harsh Investment Pvt Ltd
- 3.75 Lk @ 1310 Malati Kanoria
Infibeam
+ 34.45 Lk @ 41.5 Kifs Dealers
- 34.45 Lk @ 41.5 Santon Developers LLP
Jubilant Pharmova
+ 25 Lk @617 Kifs Dealers
- 25 Lk @ 617 Yesha Developers LLP
Karur Vysya Bank
+ 24.99 Lk @ 41 Kifs Dealers
- 24.99 Lk @ 41Yesha Developers LLP
N.B.I Ind Fin Co Ltd
+ 40 K @ 2949.02 I K agencies Pvt Ltd
- 38 K @ 2950 Mahendra Girdharilal Wadhwani
Stel Holding
+ 95 K @ 137.43 Secura India Trust
Cheviot Ltd
+ 3.75 Lk @ 1310 Harsh Investment Pvt Ltd
- 3.75 Lk @ 1310 Malati Kanoria
Infibeam
+ 34.45 Lk @ 41.5 Kifs Dealers
- 34.45 Lk @ 41.5 Santon Developers LLP
Jubilant Pharmova
+ 25 Lk @617 Kifs Dealers
- 25 Lk @ 617 Yesha Developers LLP
Karur Vysya Bank
+ 24.99 Lk @ 41 Kifs Dealers
- 24.99 Lk @ 41Yesha Developers LLP
N.B.I Ind Fin Co Ltd
+ 40 K @ 2949.02 I K agencies Pvt Ltd
- 38 K @ 2950 Mahendra Girdharilal Wadhwani
Stel Holding
+ 95 K @ 137.43 Secura India Trust
RELIANCE INDUSTRIES: RELIANCE LIFE SCIENCES SEEKS APPROVAL FOR PHASE I TRIAL OF ITS COVID VACCINE CANDIDATE || SEC TO TAKE THE MATTER TODAY
In December 2020, SEBI started implementing peak margin reporting in the equity cash and F&O, currency F&O, and commodity F&O segments. The move has been carried out in four phases of quarterly, 25 percent increment, reaching 100 percent by September 2021. This would mean that effective September 1, 100 percent of the total margin would be required for initiating even intraday positions. While this would have no impact on positional traders, intraday traders would have to pay a much higher margin.
*Good Morning*
• India Lifts Boeing 737 Max Ban, Leaving China as Last Hurdle
o India Clears Boeing 737 Max Jets to Resume Flying
• India Urges Its Automakers to Cut Reliance on Imports From China
• RBI Buys INR250b of Bonds as Planned
• OIL BRIEF: Crude Rally Halts; India’s Jet Fuel Demand Picks Up
• India Cumulative Monsoon Rainfall 10% Below Normal as of Aug. 26
• Emerging Economies 2Q GDP Forecast Declines
• Global Funds Sell Net INR19.7b of India Stocks on Thursday: NSE
o Domestic funds buy net 10.55b rupees of stocks
• Foreign Investors Sell Net INR8.87B of Indian Equities on Aug. 25
• Foreigners Buy Net INR46.1B of India Equity Derivatives Thursday
• Maldives signs contract for rolling out of India-funded mega infra project: PTI
• IndiGo to start 8 new domestic flights in first week of September: PTI
• Adani Green Energy (ADANIGR): To raise up to $750m via bond sale overseas
• Infosys (INFO): Says Infosys Public Services gets Manitoba Public Insurance contract
• Wipro (WPRO): Partners Datarobot for scalable enterprises AI solutions
• India Lifts Boeing 737 Max Ban, Leaving China as Last Hurdle
o India Clears Boeing 737 Max Jets to Resume Flying
• India Urges Its Automakers to Cut Reliance on Imports From China
• RBI Buys INR250b of Bonds as Planned
• OIL BRIEF: Crude Rally Halts; India’s Jet Fuel Demand Picks Up
• India Cumulative Monsoon Rainfall 10% Below Normal as of Aug. 26
• Emerging Economies 2Q GDP Forecast Declines
• Global Funds Sell Net INR19.7b of India Stocks on Thursday: NSE
o Domestic funds buy net 10.55b rupees of stocks
• Foreign Investors Sell Net INR8.87B of Indian Equities on Aug. 25
• Foreigners Buy Net INR46.1B of India Equity Derivatives Thursday
• Maldives signs contract for rolling out of India-funded mega infra project: PTI
• IndiGo to start 8 new domestic flights in first week of September: PTI
• Adani Green Energy (ADANIGR): To raise up to $750m via bond sale overseas
• Infosys (INFO): Says Infosys Public Services gets Manitoba Public Insurance contract
• Wipro (WPRO): Partners Datarobot for scalable enterprises AI solutions
Headlines from
Economic Times
📝 A company can run as a 'going concern' in liquidation: NCLAT
📝 MEIL hands over second oil rig to ONGC; to supply 21 more by 2022
📝 Sebi comes out with modalities for accredited investors
📝 Tata Sons FY21 profit up over 2x on TCS buyback
📝 Few takers for restructuring 2.0 amid demand recovery: CRISIL
📝 Infosys Public Services bags legacy modernisation deal from Manitoba Public Insurance
📝 Auto parts industry may see 20-23 pc jump in revenue during current fiscal: Report
📝 HDFC Bank lists $1-bn AT-1 bonds on IFSC exchanges
📝 India's wearable market logs over 118% growth to 11.2 million units in Q2: IDC
📝 Advantage Club raises $1.7 million from Y Combinator, Broom Ventures, others
📝 Sporjo raises Rs 14 crore in funding at Rs 70 crore valuation
*Business Standard*
📝 India allows Boeing 737 MAX aircraft to fly 30 months after global ban
📝 165k unorganised workers registered on first day of e-Shram portal launch
📝 Blackstone to get access to ASK's pool of HNI clients, domestic debt market
📝 MIAL raises Rs 7,200 cr via NCDs and foreign loans, refinances debt
📝 SAIL aims to bring down borrowings to Rs 20,000 crore
📝 SpiceJet doubles frequency of cargo flights to China
📝 Flipkart strengthens its supply chain network ahead of the festive season
📝 Google-backed Dunzo scales revenue 1.6x in FY21, reduces losses by 43%
📝 Nayara Energy achieves financial closure for petrochemicals expansion
📝 Lenovo expands local manufacturing capacity to meet rising customer demand
📝 ED cracks whip on NBFCs, fintechs over high-cost micro loans, shady deals
📝 Govt approves extension of terms of three MD-CEOs, 10 EDs of PSU banks
📝 Barclays Bank Plc infuses Rs 3,000 cr in India ops to bolster business
*Financial Express*
📝 De Beers embarks on brand transformation, lab-grade diamonds to lower price points
📝 Strategic sale of Neelachal Ispat Nigam likely in two months
📝 Meity Startup Hub, Paytm collaborate to launch programme to support deep-tech startups
📝 RBI extends PIDF scheme to street vendors covered under PM SVANidhi in tier 1, 2 centres
📝 Trai recommends reducing levies on satellite services, cutting out intermediaries to lower cost
📝 Loan delinquencies materially increased in SME, retail segments; NPLs may jump 50% in 2 years: Moody’s
📝 FM discusses key areas of cooperation for supporting recovery of BRICS nations
📝 Hiring activity witnesses 4% sequential growth in July: Report
📝 Comm Min for extending anti-dumping duty on melamine from China
📝 ESG bonds likely to top USD 10 bn this year: JP Morgan
*Mint*
📝 Govt directs central institutions to fill up vacant faculty posts by Sep ’22
📝 RBI imposes monetary penalty on 2 co-op banks, 1 NBFC
📝 Axel Springer to Acquire Politico
📝 Supreme Court to begin limited physical hearings from 1 Sept
📝 Poonawalla Fincorp rating upgrades to AA+
📝 Auto component industry needs to invest more on R&D: Maruti chairman Bhargava
📝 CSR credit has to be used in 3 years: MCA
📝 Yahoo shuts down news sites in India over new FDI rules
📝 Indian Pharma Industry to surpass $60 billion in two years
📝 US jobless claims rise but hold near pandemic low
Economic Times
📝 A company can run as a 'going concern' in liquidation: NCLAT
📝 MEIL hands over second oil rig to ONGC; to supply 21 more by 2022
📝 Sebi comes out with modalities for accredited investors
📝 Tata Sons FY21 profit up over 2x on TCS buyback
📝 Few takers for restructuring 2.0 amid demand recovery: CRISIL
📝 Infosys Public Services bags legacy modernisation deal from Manitoba Public Insurance
📝 Auto parts industry may see 20-23 pc jump in revenue during current fiscal: Report
📝 HDFC Bank lists $1-bn AT-1 bonds on IFSC exchanges
📝 India's wearable market logs over 118% growth to 11.2 million units in Q2: IDC
📝 Advantage Club raises $1.7 million from Y Combinator, Broom Ventures, others
📝 Sporjo raises Rs 14 crore in funding at Rs 70 crore valuation
*Business Standard*
📝 India allows Boeing 737 MAX aircraft to fly 30 months after global ban
📝 165k unorganised workers registered on first day of e-Shram portal launch
📝 Blackstone to get access to ASK's pool of HNI clients, domestic debt market
📝 MIAL raises Rs 7,200 cr via NCDs and foreign loans, refinances debt
📝 SAIL aims to bring down borrowings to Rs 20,000 crore
📝 SpiceJet doubles frequency of cargo flights to China
📝 Flipkart strengthens its supply chain network ahead of the festive season
📝 Google-backed Dunzo scales revenue 1.6x in FY21, reduces losses by 43%
📝 Nayara Energy achieves financial closure for petrochemicals expansion
📝 Lenovo expands local manufacturing capacity to meet rising customer demand
📝 ED cracks whip on NBFCs, fintechs over high-cost micro loans, shady deals
📝 Govt approves extension of terms of three MD-CEOs, 10 EDs of PSU banks
📝 Barclays Bank Plc infuses Rs 3,000 cr in India ops to bolster business
*Financial Express*
📝 De Beers embarks on brand transformation, lab-grade diamonds to lower price points
📝 Strategic sale of Neelachal Ispat Nigam likely in two months
📝 Meity Startup Hub, Paytm collaborate to launch programme to support deep-tech startups
📝 RBI extends PIDF scheme to street vendors covered under PM SVANidhi in tier 1, 2 centres
📝 Trai recommends reducing levies on satellite services, cutting out intermediaries to lower cost
📝 Loan delinquencies materially increased in SME, retail segments; NPLs may jump 50% in 2 years: Moody’s
📝 FM discusses key areas of cooperation for supporting recovery of BRICS nations
📝 Hiring activity witnesses 4% sequential growth in July: Report
📝 Comm Min for extending anti-dumping duty on melamine from China
📝 ESG bonds likely to top USD 10 bn this year: JP Morgan
*Mint*
📝 Govt directs central institutions to fill up vacant faculty posts by Sep ’22
📝 RBI imposes monetary penalty on 2 co-op banks, 1 NBFC
📝 Axel Springer to Acquire Politico
📝 Supreme Court to begin limited physical hearings from 1 Sept
📝 Poonawalla Fincorp rating upgrades to AA+
📝 Auto component industry needs to invest more on R&D: Maruti chairman Bhargava
📝 CSR credit has to be used in 3 years: MCA
📝 Yahoo shuts down news sites in India over new FDI rules
📝 Indian Pharma Industry to surpass $60 billion in two years
📝 US jobless claims rise but hold near pandemic low