19. *Manoj Sarkar Bronze* Men's singles badminton SL3
==========================
*Avani Lekhara* has become the 1st Indian women to win two Paralympic medals at a single edition of the Paralympics on September 3, 2021.
(a) Women’s 50m Rifle 3 Positions (SH1) event
(b) Women’s 10m Air Rifle Standing (SH1)
Shooter Avani Lekhara leaded Team India's contingent as flag-bearer in the Tokyo Paralympics closing ceremony on 05 Sep. Games end with glittering closing ceremony.
---------------------------------
*India vs England 4th Test* , Day 4: England were 77 for no loss at stumps on the fourth day of action, chasing a mammoth target of 368 in the fourth Test of the five-match series against India.
*Ind* 191 & 466
*Eng* (32 over target 368) 290 & 77/0
ENG still need 291 runs to win
*==========================*
*USD 72.99 💷GBP 101.20*
Chhattisgarh (Raipur)
*CM* : Bhupesh Baghel
*Gvnr* : Anusuiya Uikey
*🥇Gold ₹47,960@10 gm 24 (Krt)*
🥈 *Silver ₹69,600@ Kg*
⛽ *Petrol ₹ 99.18*
⛽ *Diesel ₹ 95.83*
LPG : ₹ 956/14.2 Kg
BSE Sensex 58,129.95
NIFTY : 17,323.60
==========================
Ⓝⓐⓥⓔⓔⓝ Ⓚⓤⓜⓐⓡ
🇮🇳 *FACTS ABOUT INDIA* 🇮🇳
==========================
The name *Chhattisgarh,* meaning “thirty-six forts,” was formerly applied to the territory of the Haihaya dynasty of Ratanpur, it is a state located in the region of Central India. Formerly part of Madhya Pradesh, it was granted statehood on November 1, 2000. It is the 9th-largest state in India. It was known as Southern Kosala.
==========================
*😀Thought of the day* ==========================
You have the right to work, but never to the fruit of work.
==========================
*JOKE OF THE DAY*
==========================
*Teacher* - main jo savaal karoon usaka uttar *phataaphat* dena.
*Teacher* - bhaarat ki raajadhaani ka kya naam hai?
🧐Pappu- " *phataaphat*"
*Teacher* - Arey...maine India ki capital poocha?
*Pappu* - ": 🤔...Ye bhi *Phataaphat*"
==========================
*😳WHY❓❓❓*
==========================
*Why do North direction is so important for construction?*
SCIENTIFIC IMPORTANCE OF NORTH & EAST-FACING : We will get more sun light from windows , doors & ventilators in north side .
East side and west side is also have this speciality . More Sun-Light in house will eliminate -harmful bacteria . North-Light provision will be given in North-Side of Roof for Industrial Buildings .
In olden times we use to locate direction according to pole star which is in north direction. North direction on Plan drawing is useful to the construction engineer to understand the orientation of what is shown on the drawing. North arrow on plan points to the North Direction of what is shown on the plan. Knowing north direction room planning becomes easier for architects.
North is most important cardinal direction in Vastu Shastra because the Owner of north direction is lord kubera- god of wealth and success.
==========================
*LEARN Sanskrit*🙏🏻
==========================
1. अहम् गच्छामि | I go
2 वयं गच्छामः We go
4 त्वं गच्छसि You go
*अभिलाषा* : wish or affection
==========================
🤔 *HOW IT WORKS* ⁉️ =========================
How *China clay (or kaolin)* is made...?
It is a product of altered granite, which has been affected by an interaction of the groundwater with the feldspar minerals within the granite to form kaolinite.
It is a clay that comes from chemical weathering of rocks in hot and moist climates. The main mineral in it is kaolinite. Kaolin, also called china clay, soft white clay that is an essential ingredient in the manufacture of china and porcelain and is widely used in the making of paper, rubber, paint, and many other products. Kaolin is named after the hill in China (Kao-ling) from which it was mined for centuries.
==========================
💁🏻♂ *GK TODAY*
==========================
*ISRO* : The Indian Space Research Organisation
*Headquartered* : Bengaluru
*Founder* : Vikram Sarabhai
*Founded* : 15 August 1969
==========================
*Avani Lekhara* has become the 1st Indian women to win two Paralympic medals at a single edition of the Paralympics on September 3, 2021.
(a) Women’s 50m Rifle 3 Positions (SH1) event
(b) Women’s 10m Air Rifle Standing (SH1)
Shooter Avani Lekhara leaded Team India's contingent as flag-bearer in the Tokyo Paralympics closing ceremony on 05 Sep. Games end with glittering closing ceremony.
---------------------------------
*India vs England 4th Test* , Day 4: England were 77 for no loss at stumps on the fourth day of action, chasing a mammoth target of 368 in the fourth Test of the five-match series against India.
*Ind* 191 & 466
*Eng* (32 over target 368) 290 & 77/0
ENG still need 291 runs to win
*==========================*
*USD 72.99 💷GBP 101.20*
Chhattisgarh (Raipur)
*CM* : Bhupesh Baghel
*Gvnr* : Anusuiya Uikey
*🥇Gold ₹47,960@10 gm 24 (Krt)*
🥈 *Silver ₹69,600@ Kg*
⛽ *Petrol ₹ 99.18*
⛽ *Diesel ₹ 95.83*
LPG : ₹ 956/14.2 Kg
BSE Sensex 58,129.95
NIFTY : 17,323.60
==========================
Ⓝⓐⓥⓔⓔⓝ Ⓚⓤⓜⓐⓡ
🇮🇳 *FACTS ABOUT INDIA* 🇮🇳
==========================
The name *Chhattisgarh,* meaning “thirty-six forts,” was formerly applied to the territory of the Haihaya dynasty of Ratanpur, it is a state located in the region of Central India. Formerly part of Madhya Pradesh, it was granted statehood on November 1, 2000. It is the 9th-largest state in India. It was known as Southern Kosala.
==========================
*😀Thought of the day* ==========================
You have the right to work, but never to the fruit of work.
==========================
*JOKE OF THE DAY*
==========================
*Teacher* - main jo savaal karoon usaka uttar *phataaphat* dena.
*Teacher* - bhaarat ki raajadhaani ka kya naam hai?
🧐Pappu- " *phataaphat*"
*Teacher* - Arey...maine India ki capital poocha?
*Pappu* - ": 🤔...Ye bhi *Phataaphat*"
==========================
*😳WHY❓❓❓*
==========================
*Why do North direction is so important for construction?*
SCIENTIFIC IMPORTANCE OF NORTH & EAST-FACING : We will get more sun light from windows , doors & ventilators in north side .
East side and west side is also have this speciality . More Sun-Light in house will eliminate -harmful bacteria . North-Light provision will be given in North-Side of Roof for Industrial Buildings .
In olden times we use to locate direction according to pole star which is in north direction. North direction on Plan drawing is useful to the construction engineer to understand the orientation of what is shown on the drawing. North arrow on plan points to the North Direction of what is shown on the plan. Knowing north direction room planning becomes easier for architects.
North is most important cardinal direction in Vastu Shastra because the Owner of north direction is lord kubera- god of wealth and success.
==========================
*LEARN Sanskrit*🙏🏻
==========================
1. अहम् गच्छामि | I go
2 वयं गच्छामः We go
4 त्वं गच्छसि You go
*अभिलाषा* : wish or affection
==========================
🤔 *HOW IT WORKS* ⁉️ =========================
How *China clay (or kaolin)* is made...?
It is a product of altered granite, which has been affected by an interaction of the groundwater with the feldspar minerals within the granite to form kaolinite.
It is a clay that comes from chemical weathering of rocks in hot and moist climates. The main mineral in it is kaolinite. Kaolin, also called china clay, soft white clay that is an essential ingredient in the manufacture of china and porcelain and is widely used in the making of paper, rubber, paint, and many other products. Kaolin is named after the hill in China (Kao-ling) from which it was mined for centuries.
==========================
💁🏻♂ *GK TODAY*
==========================
*ISRO* : The Indian Space Research Organisation
*Headquartered* : Bengaluru
*Founder* : Vikram Sarabhai
*Founded* : 15 August 1969
*Aryabhata* : India's first satellite; it was completely designed and fabricated in India and launched by a Soviet Kosmos-3M rocket from Kapustin Yar on April 19, 1975.
India has launched *120 Satellites* (1975-2021)
*Dr. K. Sivan* , Chairman, Indian Space Research Organisation (ISRO)
==========================
*BORN TODAY* 🐣💐
==========================
*SARAT CHANDRA BOSE* was an Indian barrister and independence activist.
*Born: 6 Sep 1889* , Cuttack
Died: 20 Feb 1950,
He was the son of Janakinath Bose and elder brother of Subhas Chandra Bose. In 1936, Bose became the President of the Bengal Pradesh Congress Committee, and served as a member of the All India Congress Committee from 1936 till 1947. Sarat Bose was arrested after the escape of Subhas the day before he was due to join as Cabinet Minister in the Fazlul Haq government. He was moved to jail in Mercara and then Coonoor where his health suffered.
==========================
🙏🏻 *IDIOMS & PHRASES*
==========================
*Hit the sack*
Go to sleep
It indicate that it's time to go to bed. Example of use: “I've got to get up early tomorrow, so I'm going to hit the sack.”
==========================
🛕 *VEDIK GYAN*
(Data is collected from the Internet, in case if actual facts are differentiate plz kindly inform.....🙏🏻) ==========================
*पंचांग* :
In Vedic astrology, this Sanskrit word means 'five limbs' or 'five attributes' of the day:Thithi,Nakshatra,Yoga, Karna,and Vara(weekday). A panchānga is a Hindu calendar and almanac, which follows traditional units of Hindu timekeeping, and presents important dates and their calculations in a tabulated form
==========================
🧬 *HEALTH CARE: HOME REMEDIES*🩺
( *Note* : These home tips followed in villages/ancient traditions, it is up to you to use it or not🙏🏻) ==========================
*Drink Water First Thing in the Morning!*: Drinking two or three glasses of water right when you wake up, however, is a good way to way to rehydrate your body quickly.
According to studies, drinking water on an empty stomach can increase your metabolic rate. This is very important, especially for those people who are on a strict diet. Dehydration is one of the primary causes for the development of wrinkles in your skin, dark patches, and deep pores in the skin. Keeping your body hydrated as the day starts, helps promote a sustained flow of blood to your skin and releases toxins from your system.
==========================
*Regards*
*CH Nαʋҽҽɳ Kυɱαɾ..*.✒️
÷÷÷÷÷÷ *Samapth*÷÷÷÷÷÷÷
https://t.me/joinchat/UcN4VTpKsS42MzVl
*Telegram Link.*
╭──────────────────╮
*🙏PLZ FOLLOW GOVT. NORMS, MAINT SOCIAL DISTANCE, KEEP YOURSELF ©️YOUR FAMILY SAFE🌼*
╰──────────────────╯
India has launched *120 Satellites* (1975-2021)
*Dr. K. Sivan* , Chairman, Indian Space Research Organisation (ISRO)
==========================
*BORN TODAY* 🐣💐
==========================
*SARAT CHANDRA BOSE* was an Indian barrister and independence activist.
*Born: 6 Sep 1889* , Cuttack
Died: 20 Feb 1950,
He was the son of Janakinath Bose and elder brother of Subhas Chandra Bose. In 1936, Bose became the President of the Bengal Pradesh Congress Committee, and served as a member of the All India Congress Committee from 1936 till 1947. Sarat Bose was arrested after the escape of Subhas the day before he was due to join as Cabinet Minister in the Fazlul Haq government. He was moved to jail in Mercara and then Coonoor where his health suffered.
==========================
🙏🏻 *IDIOMS & PHRASES*
==========================
*Hit the sack*
Go to sleep
It indicate that it's time to go to bed. Example of use: “I've got to get up early tomorrow, so I'm going to hit the sack.”
==========================
🛕 *VEDIK GYAN*
(Data is collected from the Internet, in case if actual facts are differentiate plz kindly inform.....🙏🏻) ==========================
*पंचांग* :
In Vedic astrology, this Sanskrit word means 'five limbs' or 'five attributes' of the day:Thithi,Nakshatra,Yoga, Karna,and Vara(weekday). A panchānga is a Hindu calendar and almanac, which follows traditional units of Hindu timekeeping, and presents important dates and their calculations in a tabulated form
==========================
🧬 *HEALTH CARE: HOME REMEDIES*🩺
( *Note* : These home tips followed in villages/ancient traditions, it is up to you to use it or not🙏🏻) ==========================
*Drink Water First Thing in the Morning!*: Drinking two or three glasses of water right when you wake up, however, is a good way to way to rehydrate your body quickly.
According to studies, drinking water on an empty stomach can increase your metabolic rate. This is very important, especially for those people who are on a strict diet. Dehydration is one of the primary causes for the development of wrinkles in your skin, dark patches, and deep pores in the skin. Keeping your body hydrated as the day starts, helps promote a sustained flow of blood to your skin and releases toxins from your system.
==========================
*Regards*
*CH Nαʋҽҽɳ Kυɱαɾ..*.✒️
÷÷÷÷÷÷ *Samapth*÷÷÷÷÷÷÷
https://t.me/joinchat/UcN4VTpKsS42MzVl
*Telegram Link.*
╭──────────────────╮
*🙏PLZ FOLLOW GOVT. NORMS, MAINT SOCIAL DISTANCE, KEEP YOURSELF ©️YOUR FAMILY SAFE🌼*
╰──────────────────╯
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Trading Tweaks
Ex-Date AGM: PI Industries, Schneider Electric Infrastructure, CARE Ratings, Shyam Metalics and Energy, Heranba Industries, Ashoka Buildcon, Munjal Auto Industries
Ex-Date Final Dividend: Bharat Rasayan, CARE Ratings, Deccan Cements, Engineers India, Heranba Industries, PI Industries
Ex-Date Dividend: Shyam Metalics and Energy, Subros, Transpek Industry
Move Into ASM Framework: Themis Medicare
Move Out Of ASM Framework: Lux Industries, Jamna Auto Industries, Centrum Capital, Dynemic Products
Move Out Of Short-Term ASM Framework: BLS International Services, Linde India, Seamec
Ex-Date AGM: PI Industries, Schneider Electric Infrastructure, CARE Ratings, Shyam Metalics and Energy, Heranba Industries, Ashoka Buildcon, Munjal Auto Industries
Ex-Date Final Dividend: Bharat Rasayan, CARE Ratings, Deccan Cements, Engineers India, Heranba Industries, PI Industries
Ex-Date Dividend: Shyam Metalics and Energy, Subros, Transpek Industry
Move Into ASM Framework: Themis Medicare
Move Out Of ASM Framework: Lux Industries, Jamna Auto Industries, Centrum Capital, Dynemic Products
Move Out Of Short-Term ASM Framework: BLS International Services, Linde India, Seamec
Pledge Share Details
Apollo Hospitals Enterprise: Promoter K Reddy revoked pledge of 2.95 lakh shares on September 1.
Emami: Promoters (Suraj Finvest and Sneha Enclave) revoked pledge of 5.75 lakh shares between August 31-September 2.
Wockhardt: Promoter Themisto Trustee Company created a pledge of 14.30 lakh shares between August 31- September 2
Read more at: https://www.bloombergquint.com/markets/all-you-need-to-know-going-into-trade-on-september-6-2
Copyright © BloombergQuint
Apollo Hospitals Enterprise: Promoter K Reddy revoked pledge of 2.95 lakh shares on September 1.
Emami: Promoters (Suraj Finvest and Sneha Enclave) revoked pledge of 5.75 lakh shares between August 31-September 2.
Wockhardt: Promoter Themisto Trustee Company created a pledge of 14.30 lakh shares between August 31- September 2
Read more at: https://www.bloombergquint.com/markets/all-you-need-to-know-going-into-trade-on-september-6-2
Copyright © BloombergQuint
BloombergQuint
All You Need To Know Going Into Trade On September 6
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
The best of liquidity is behind us, says Nomura's Saion Mukherjee
https://mybs.in/2ZhOblD
－shared via Business Standard iPhone App
https://mybs.in/2ZhOblD
－shared via Business Standard iPhone App
Business-Standard
The best of liquidity is behind us, says Nomura's Saion Mukherjee
Saion Mukherjee says the market is already factoring in earnings recovery from the June 2021 quarter
Global bank, local tech: How India is key to UBS’ agile pivot
https://economictimes.indiatimes.com/tech/information-tech/global-bank-local-tech-how-india-is-key-to-ubs-agile-pivot/articleshow/85941074.cms
Download Economic Times App to stay updated with Business News -
https://etapp.onelink.me/tOvY/135dde21
https://economictimes.indiatimes.com/tech/information-tech/global-bank-local-tech-how-india-is-key-to-ubs-agile-pivot/articleshow/85941074.cms
Download Economic Times App to stay updated with Business News -
https://etapp.onelink.me/tOvY/135dde21
The Economic Times
Global bank, local tech: How India is key to UBS’ agile pivot
Going forward, a lot of the work around automation and simplification of core infrastructure would be done out of the country, says Uday Odedra, India head at UBS Business Solutions.
India only overweight among the top four global emerging markets
https://mybs.in/2ZhObl4
－shared via Business Standard iPhone App
https://mybs.in/2ZhObl4
－shared via Business Standard iPhone App
Business-Standard
India only overweight among the top four global emerging markets
China (including Hong Kong), Taiwan, South Korea, and India have the highest average weightage in the EM space, accounting for two-third allocations
RIL prepares a $5.7 billion bid for a telco in the Netherlands
https://www.livemint.com/companies/news/reliance-industries-set-to-offer-5-7-billion-for-t-mobile-netherlands-11630868021774.html
https://www.livemint.com/companies/news/reliance-industries-set-to-offer-5-7-billion-for-t-mobile-netherlands-11630868021774.html
mint
RIL prepares a $5.7 billion bid for a telco in the Netherlands
The company is tying up funds to make the purchase in a month
Govt's excise collection jumps 48% in April-July; already 3x of full fiscal oil bond liability
https://economictimes.indiatimes.com/news/economy/finance/govts-excise-collection-jumps-48-in-april-july-already-3x-of-full-fiscal-oil-bond-liability/articleshow/85945797.cms
Download Economic Times App to stay updated with Business News -
https://etapp.onelink.me/tOvY/135dde21
https://economictimes.indiatimes.com/news/economy/finance/govts-excise-collection-jumps-48-in-april-july-already-3x-of-full-fiscal-oil-bond-liability/articleshow/85945797.cms
Download Economic Times App to stay updated with Business News -
https://etapp.onelink.me/tOvY/135dde21
The Economic Times
Govt's excise collection jumps 48% in April-July; already 3x of full fiscal oil bond liability
Data available from the Controller General of Accounts in the Union Ministry of Finance showed excise duty collections during April-July 2021 surging to over Rs 1 lakh crore, from Rs 67,895 crore mop-up in the same period of the previous fiscal.
Stocks to Watch in Today's Market
Reliance Industries : Subsidiary Reliance Strategic Business Ventures acquired 2,28,42,654 equity shares in Strand Life Sciences for Rs 393 crore. [Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.]
Punjab National Bank : On September 10, the bank will consider raising capital through the issuance of Basel-III compliant additional Tier-1 Bonds and/or Tier-II bonds in one or more tranches.
Ashoka Buildcon : The company has received the letter of award from Adani Road Transport for the execution of civil and associated works on engineering, procurement & construction (EPC) for six- laning of the national corridor NH-19 from Pangarh to Palsit in West Bengal. The accepted EPC contract price is Rs 1,567.45 crore.
Dr Reddy's Laboratories : The company entered into a definitive agreement with Citius Pharmaceuticals to sell its rights to anti-cancer agent E7777 (denileukin diftitox).
Bank of India : LIC acquired an additional 3.87% stake in the bank via QIP, raising its shareholding to 7.05% from 3.17%.
McDowell Holdings : Recovery Officer I DRT (debt recovery tribunal) II sold an additional 81,991 shares in McDowell Holdings at Rs 37.63 per share, whereas Baisiwala Sameer Ajay bought 79,582 shares in McDowell at Rs 37.67 a share on the NSE, the bulk deals data showed.
GSS Infotech : Radhika Dubash acquired additional 1.11 lakh equity shares in GSS Infotech at Rs 74.88 a share on the NSE, the bulk deals data showed.
Engineers India : Chennai Petroleum Corporation has entrusted the execution of EPCM-1 with MPMC & EPCM-3 services for 9 MMTPA Cauvery Basin Refinery (CBR) project at Nagapattinam, Tamil Nadu to Engineers India. The order is valued at Rs 1,039 crore with a total project schedule of 42 months for mechanical completion.
HealthCare Global Enterprises : The company has acquired oncology hospital labs and clinical trials business from Strand Lifesciences.
ICICI Lombard : The company has received regulatory and other approvals from the Insurance Regulatory and Development Authority of India (IRDAI) for the demerger of the general insurance business of Bharti AXA General.
Fermenta Biotech : The company reported a lower consolidated profit at Rs 11.31 crore in Q1FY22 against Rs 13.6 crore in Q1FY21. Its revenue rose to Rs 109.65 crore from Rs 94.44 crore YoY.
Kirloskar Industries : India Capital Fund sold its entire 2.23% stake in the company via an open market transaction on September 3.
Abans Enterprises : The company appointed Reshma Gwalani as the Chief Financial Officer.
Rajshree Sugars & Chemicals : The company reported a loss of Rs 14.67 crore in Q1FY22 against a loss of Rs 14.88 crore in Q1FY20, revenue rose to Rs 105.26 crore from Rs 96.23 crore YoY.
Force Motors : The company announced the production of 2,148 vehicles and sales of 1,987 vehicles in August 2021.
Kallam Textiles : Andhra Pradesh government released Rs 33 crore to the company towards reimbursement of interest subsidy under the Andhra Pradesh— Industrial Development Policy (IDP) 2015-20 and the amount was received by the company.
Jammu & Kashmir Bank : The RBI has given the government of Jammu and Kashmir the approval to acquire 16,76,72,702 shares on a preferential basis (upto 74.24%) in the bank.
Action Construction Equipment : The company approved the raising of funds by issuance of securities by way of private offerings for up to Rs 175 crore.
Spandana Sphoorty Financial : Valiant Mau Part Offshore Ltd & others bought 1.03 lakh equity shares in the company via an open market transaction, raising stake to 5.03% from 4.87%.
Unison Metals : The company approved the issue of bonus equity shares in the proportion of four equity shares for every one share held by shareholders.
Reliance Industries : Subsidiary Reliance Strategic Business Ventures acquired 2,28,42,654 equity shares in Strand Life Sciences for Rs 393 crore. [Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.]
Punjab National Bank : On September 10, the bank will consider raising capital through the issuance of Basel-III compliant additional Tier-1 Bonds and/or Tier-II bonds in one or more tranches.
Ashoka Buildcon : The company has received the letter of award from Adani Road Transport for the execution of civil and associated works on engineering, procurement & construction (EPC) for six- laning of the national corridor NH-19 from Pangarh to Palsit in West Bengal. The accepted EPC contract price is Rs 1,567.45 crore.
Dr Reddy's Laboratories : The company entered into a definitive agreement with Citius Pharmaceuticals to sell its rights to anti-cancer agent E7777 (denileukin diftitox).
Bank of India : LIC acquired an additional 3.87% stake in the bank via QIP, raising its shareholding to 7.05% from 3.17%.
McDowell Holdings : Recovery Officer I DRT (debt recovery tribunal) II sold an additional 81,991 shares in McDowell Holdings at Rs 37.63 per share, whereas Baisiwala Sameer Ajay bought 79,582 shares in McDowell at Rs 37.67 a share on the NSE, the bulk deals data showed.
GSS Infotech : Radhika Dubash acquired additional 1.11 lakh equity shares in GSS Infotech at Rs 74.88 a share on the NSE, the bulk deals data showed.
Engineers India : Chennai Petroleum Corporation has entrusted the execution of EPCM-1 with MPMC & EPCM-3 services for 9 MMTPA Cauvery Basin Refinery (CBR) project at Nagapattinam, Tamil Nadu to Engineers India. The order is valued at Rs 1,039 crore with a total project schedule of 42 months for mechanical completion.
HealthCare Global Enterprises : The company has acquired oncology hospital labs and clinical trials business from Strand Lifesciences.
ICICI Lombard : The company has received regulatory and other approvals from the Insurance Regulatory and Development Authority of India (IRDAI) for the demerger of the general insurance business of Bharti AXA General.
Fermenta Biotech : The company reported a lower consolidated profit at Rs 11.31 crore in Q1FY22 against Rs 13.6 crore in Q1FY21. Its revenue rose to Rs 109.65 crore from Rs 94.44 crore YoY.
Kirloskar Industries : India Capital Fund sold its entire 2.23% stake in the company via an open market transaction on September 3.
Abans Enterprises : The company appointed Reshma Gwalani as the Chief Financial Officer.
Rajshree Sugars & Chemicals : The company reported a loss of Rs 14.67 crore in Q1FY22 against a loss of Rs 14.88 crore in Q1FY20, revenue rose to Rs 105.26 crore from Rs 96.23 crore YoY.
Force Motors : The company announced the production of 2,148 vehicles and sales of 1,987 vehicles in August 2021.
Kallam Textiles : Andhra Pradesh government released Rs 33 crore to the company towards reimbursement of interest subsidy under the Andhra Pradesh— Industrial Development Policy (IDP) 2015-20 and the amount was received by the company.
Jammu & Kashmir Bank : The RBI has given the government of Jammu and Kashmir the approval to acquire 16,76,72,702 shares on a preferential basis (upto 74.24%) in the bank.
Action Construction Equipment : The company approved the raising of funds by issuance of securities by way of private offerings for up to Rs 175 crore.
Spandana Sphoorty Financial : Valiant Mau Part Offshore Ltd & others bought 1.03 lakh equity shares in the company via an open market transaction, raising stake to 5.03% from 4.87%.
Unison Metals : The company approved the issue of bonus equity shares in the proportion of four equity shares for every one share held by shareholders.
Global-Market Insights
-Asian markets look open mixed but Japan futures show a jump
-on Friday US markets fall after disappointing job repot
-US added 235K jobs in August, well below forecasts of 750K Covid infections may have impacted
-ECB meeting will be in the spotlight this week if the central bank is ready to start reducing the asset purchase program
-Australia, Canada, Malaysia, and Russia will be deciding their monetary policy
-US 10 Year bond yield rises buy dollar falls further on disappointing job data
-US wages growth tops estimates in July YoY
-Gold prices rose more than 1.2% to $1834, a 2 month high supported by a weaker dollar
-Asian markets look open mixed but Japan futures show a jump
-on Friday US markets fall after disappointing job repot
-US added 235K jobs in August, well below forecasts of 750K Covid infections may have impacted
-ECB meeting will be in the spotlight this week if the central bank is ready to start reducing the asset purchase program
-Australia, Canada, Malaysia, and Russia will be deciding their monetary policy
-US 10 Year bond yield rises buy dollar falls further on disappointing job data
-US wages growth tops estimates in July YoY
-Gold prices rose more than 1.2% to $1834, a 2 month high supported by a weaker dollar
TOP Stocks In Focus
1- RIL
2- HEALTH CARE GLOBAL
3- DR REDDY'S
4- ASHOKA BUILDCON / ENGINEERS INDIA
5- BHARAT FORGE
6- BAJAJ HEALTH
7- CROMPTON GREAVES/ELECTROTHERM/SONA BLW /FIEM IND / GABRIEL
8- M&M FINANCIAL/CREDIACESS GRAMIN
9- GOKALDAS EXPORT
10- HERO MOTO
1- RIL
2- HEALTH CARE GLOBAL
3- DR REDDY'S
4- ASHOKA BUILDCON / ENGINEERS INDIA
5- BHARAT FORGE
6- BAJAJ HEALTH
7- CROMPTON GREAVES/ELECTROTHERM/SONA BLW /FIEM IND / GABRIEL
8- M&M FINANCIAL/CREDIACESS GRAMIN
9- GOKALDAS EXPORT
10- HERO MOTO
*OPENING BELL*
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🔸Dr. Reddy's Laboratories: The company, along with its subsidiaries, has entered into a definitive agreement with Citius Pharmaceuticals, Inc. to sell its rights to anti-cancer agent E7777 and certain related assets. Dr. Reddy's will receive $40 million upfront upon the closing of the transaction, followed by approval milestone payment of up to $40 million related to the cutaneous T-cell lymphoma indication approval and up to $70 million for additional indication approvals.
🔸Mahindra & Mahindra Financial Services: The company’s disbursements in August were at Rs 2,150 crore, 57% higher from a year earlier. Collection efficiency was at about 97%, compared with 95% in July. The company witnessed a meaningful reduction in the NPA contracts in August as customer cash flows improved. It expects downward trajectory to continue in September and in months to come. Liquidity position comfortable as on date, Mahindra Financial said.
🔸Reliance Industries: The wholly owned subsidiary of the company, Reliance Strategic Business Ventures, has acquired 2.28 crore equity shares of Strand Life Sciences for Rs 393 crore. A further investment of up to Rs 160 crore is expected to be completed by March 2023. The total investment will translate into 80.3% of equity share capital in Strand on a fully diluted basis. The investment is part of Reliance’s digital health initiatives.
🔸HealthCare Global Enterprises: The company has divested its entire equity holding of 34.5% (on fully diluted basis) in Strand Life Sciences to Reliance Strategic Business Ventures for Rs 157 crore. The company has also acquired Hospital Lab Management and Clinical Research Site Management business through a Business Transfer Agreement from Strand for Rs 81 crore with a set-off of Rs 7 crore towards receivables.
🔸ICICI Lombard General Insurance Company: IRDAI has granted the final approval for the demerger of the general insurance business of Bharti AXA General Insurance Company to ICICI Lombard by way of a scheme of arrangement. The demerger and transfer of general insurance business, as envisaged in the scheme, shall be effective
within three days from the date of the final approval, the insurer said. IRDAI has also granted approval to ICICI Bank to bring down its stake in ICICI Lombard to 30%.
🔸Jindal Steel and Power: Shareholders have approved divestment of entire shareholding of the company in its subsidiary Jindal Power. More than 90% of the minority shareholders voted in the favour of the deal.
🔸HFCL: The board has approved raising up to Rs 750 crore by way of issue of equity shares/preference shares/ bonds/debentures/non-convertible debt instruments/warrants/any other securities.
🔸PNB: The meeting of board of directors to consider the proposal for raising of capital through issuance of Basel-III Compliant Additional Tier-1 Bonds and/or Tier-II Bonds or combination thereof has been re-scheduled to September 10.
🔸Engineers India: The company has received an order worth Rs 1,039 crore from Chennai Petroleum Corporation. Engineers India has been entrusted with execution of EPCM-1 with MPMC and EPCM-3 services for 9 MMTPA Cauvery Basin Refinery project in Tamil Nadu.
🔸Force Motors: The company’s total production in August stood at 2,148 units. It reported domestic sales of 1,487 units and exports of 500 units.
🔸Jammu & Kashmir Bank: RBI has accorded approval to Government of Jammu and Kashmir to acquire 16.76 crore fully paid-up equity shares on preferential basis, representing 74.24% of equity capital of the bank, subject to compliance of regulatory requirements.
🔔〽️🔔〽️🔔〽️🔔
🔸Dr. Reddy's Laboratories: The company, along with its subsidiaries, has entered into a definitive agreement with Citius Pharmaceuticals, Inc. to sell its rights to anti-cancer agent E7777 and certain related assets. Dr. Reddy's will receive $40 million upfront upon the closing of the transaction, followed by approval milestone payment of up to $40 million related to the cutaneous T-cell lymphoma indication approval and up to $70 million for additional indication approvals.
🔸Mahindra & Mahindra Financial Services: The company’s disbursements in August were at Rs 2,150 crore, 57% higher from a year earlier. Collection efficiency was at about 97%, compared with 95% in July. The company witnessed a meaningful reduction in the NPA contracts in August as customer cash flows improved. It expects downward trajectory to continue in September and in months to come. Liquidity position comfortable as on date, Mahindra Financial said.
🔸Reliance Industries: The wholly owned subsidiary of the company, Reliance Strategic Business Ventures, has acquired 2.28 crore equity shares of Strand Life Sciences for Rs 393 crore. A further investment of up to Rs 160 crore is expected to be completed by March 2023. The total investment will translate into 80.3% of equity share capital in Strand on a fully diluted basis. The investment is part of Reliance’s digital health initiatives.
🔸HealthCare Global Enterprises: The company has divested its entire equity holding of 34.5% (on fully diluted basis) in Strand Life Sciences to Reliance Strategic Business Ventures for Rs 157 crore. The company has also acquired Hospital Lab Management and Clinical Research Site Management business through a Business Transfer Agreement from Strand for Rs 81 crore with a set-off of Rs 7 crore towards receivables.
🔸ICICI Lombard General Insurance Company: IRDAI has granted the final approval for the demerger of the general insurance business of Bharti AXA General Insurance Company to ICICI Lombard by way of a scheme of arrangement. The demerger and transfer of general insurance business, as envisaged in the scheme, shall be effective
within three days from the date of the final approval, the insurer said. IRDAI has also granted approval to ICICI Bank to bring down its stake in ICICI Lombard to 30%.
🔸Jindal Steel and Power: Shareholders have approved divestment of entire shareholding of the company in its subsidiary Jindal Power. More than 90% of the minority shareholders voted in the favour of the deal.
🔸HFCL: The board has approved raising up to Rs 750 crore by way of issue of equity shares/preference shares/ bonds/debentures/non-convertible debt instruments/warrants/any other securities.
🔸PNB: The meeting of board of directors to consider the proposal for raising of capital through issuance of Basel-III Compliant Additional Tier-1 Bonds and/or Tier-II Bonds or combination thereof has been re-scheduled to September 10.
🔸Engineers India: The company has received an order worth Rs 1,039 crore from Chennai Petroleum Corporation. Engineers India has been entrusted with execution of EPCM-1 with MPMC and EPCM-3 services for 9 MMTPA Cauvery Basin Refinery project in Tamil Nadu.
🔸Force Motors: The company’s total production in August stood at 2,148 units. It reported domestic sales of 1,487 units and exports of 500 units.
🔸Jammu & Kashmir Bank: RBI has accorded approval to Government of Jammu and Kashmir to acquire 16.76 crore fully paid-up equity shares on preferential basis, representing 74.24% of equity capital of the bank, subject to compliance of regulatory requirements.
Asian stocks were mixed Monday amid an ongoing rally in Japan sparked by the planned exit of the prime minister and as traders assessed the challenges for reopening underscored by slower U.S. hiring.
Japanese shares climbed more than 1%, following a three-decade high for the Topix on hopes of better pandemic management and more spending by Prime Minister Yoshihide Suga’s successor. But equities retreated in Australia and South Korea and S&P 500 futures slipped. The dollar ticked up.
The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, was little changed at 17,403 as of 7:20 a.m.
Japanese shares climbed more than 1%, following a three-decade high for the Topix on hopes of better pandemic management and more spending by Prime Minister Yoshihide Suga’s successor. But equities retreated in Australia and South Korea and S&P 500 futures slipped. The dollar ticked up.
The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, was little changed at 17,403 as of 7:20 a.m.
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