EASEMYTRIP: SPICEJET AND CO ANNOUNCE EXCLUSIVE PARTNERSHIP FOR HOLIDAY BOOKINGS
BHEL: CO'S PROCUREMENTS THROUGH GEM SEE QUANTUM JUMP, CROSS RS.1,500 CRORE IN FIRST HALF OF FISCAL 2021-22
Paras Defence Ipo allotment to be available Late Night or tomorrow
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Money Market Update
The rupee ended at 74.15 against the U.S. Dollar on Wednesday as compared to Tuesday's closing of 74.04.
The rupee ended at 74.15 against the U.S. Dollar on Wednesday as compared to Tuesday's closing of 74.04.
Trading Tweaks
Record Date Buyback: eClerx Services
Move Into ASM Framework: Hindustan Oil Exploration Company
Record Date Buyback: eClerx Services
Move Into ASM Framework: Hindustan Oil Exploration Company
Who’s Meeting Whom
CARE Ratings: To meet Birla Mutual Fund on September 30
Graphite India: To meet Fidelity Management Research on September 30.
Persistent Systems: To meet investors and analysts on September 30.
CARE Ratings: To meet Birla Mutual Fund on September 30
Graphite India: To meet Fidelity Management Research on September 30.
Persistent Systems: To meet investors and analysts on September 30.
Pledge Share Details
Apollo Hospitals Enterprise: Promoters (Suneeta Reddy and Preetha Reddy) revoked pledge of 6 lakh shares on September 28.
Bharat Forge: Promoter Sundaram Trading & Investment created a pledge of 75 lakh shares on September 27.
Jindal Steel & Power: Promoter Siddeshwari Tradex revoked pledge of 10.25 lakh shares on September 24.As reported on September 29.
Apollo Hospitals Enterprise: Promoters (Suneeta Reddy and Preetha Reddy) revoked pledge of 6 lakh shares on September 28.
Bharat Forge: Promoter Sundaram Trading & Investment created a pledge of 75 lakh shares on September 27.
Jindal Steel & Power: Promoter Siddeshwari Tradex revoked pledge of 10.25 lakh shares on September 24.As reported on September 29.
Insider Trades
Adani Green Energy: Promoter Infinite Trade and Investments bought 38 lakh shares between September 27-28.
Aegis Logistics: Promoter Trans Asia Petroleum Inc. bought 74,000 shares on September 27.
Gujarat Fluorochemicals: Promoter Inox Chemicals LLP sold 60,017 shares between September 24-28.
Lincoln Pharmaceuticals: Promoters (Mahendrabhai Patel and Ashish Patel) bought 55,000 shares on September 27.
Sequent Scientific: Promoters (Chayadeep Ventures LLP and Hemalatha Pillai) sold 1.34 lakh shares between September 24-28.
Vaibhav Global: Promoter Kusum Bardiya sold 50,000 shares on September 28. Promoter Brett Enterprises bought 50,000 shares on September 28.
Adani Green Energy: Promoter Infinite Trade and Investments bought 38 lakh shares between September 27-28.
Aegis Logistics: Promoter Trans Asia Petroleum Inc. bought 74,000 shares on September 27.
Gujarat Fluorochemicals: Promoter Inox Chemicals LLP sold 60,017 shares between September 24-28.
Lincoln Pharmaceuticals: Promoters (Mahendrabhai Patel and Ashish Patel) bought 55,000 shares on September 27.
Sequent Scientific: Promoters (Chayadeep Ventures LLP and Hemalatha Pillai) sold 1.34 lakh shares between September 24-28.
Vaibhav Global: Promoter Kusum Bardiya sold 50,000 shares on September 28. Promoter Brett Enterprises bought 50,000 shares on September 28.
World Markets
Dow + 91
Nasdaq - 34
Dax + 116
Nikkei - 171
Hangseng - 274
Sgxnifty - 59 (17651)
Brent Crude 78.28
Dow Fut + 83
Dollar Index 94.31
Dow + 91
Nasdaq - 34
Dax + 116
Nikkei - 171
Hangseng - 274
Sgxnifty - 59 (17651)
Brent Crude 78.28
Dow Fut + 83
Dollar Index 94.31
Stocks To Watch
Persistent Systems: The company’s wholly owned subsidiary, Persistent Systems Inc., USA, to acquire Software Corporation International and its affiliate Fusion360 LLC for $53 million. The company will acquire Shree Infosoft, India along with certain assets of Shree Partners LLC, USA—the parent company of Shree Infosoft—for $6.87 million. These acquisitions are subject to customary closing conditions which are expected to be completed in a span of 2-5 weeks.
Sterling and Wilson Solar: Promoters Shapoorji Pallonji and Company and Khurshed Daruvala have facilitated the repayment of the balance outstanding loans (Rs 741 crore) along with interest accrued till date, by Sterling and Wilson and its subsidiary Sterling and Wilson International FZE to the company and its subsidiary Sterling and Wilson International Solar FZCO respectively. With this, the entire outstanding loans of Rs 2,563 crore along with interest accrued till date has been repaid in full, the company said.
Indian Overseas Bank: The bank has exited RBI’s prompt corrective action framework. It is no longer in breach of PCA triggers based on FY21 earnings. IOB has provided a written commitment that it will comply with regulatory requirements. It has also apprised RBI of systemic improvements.
GMR Infrastructure: The company’s equity shareholders and secured creditors have approved the composite scheme of amalgamation and arrangement amongst GMR Power Infra, GMR Infrastructure and GMR Power and Urban Infra and their respective shareholders during the NCLT convened meetings.
Zee Entertainment Enterprises Institutional investor, Invesco Fund, has moved NCLT asking Zee Entertainment to call an extraordinary general meeting of shareholders to induct its nominees on the company’s board.
Blue Dart Express: The company will raise average shipment price by 9.6% from January 1, 2022.
HCL Technologies: The company has launched a 5G Open Radio Access Network lab in India to help telecom companies with 5G transition.
Axis Bank: The bank has accepted Executive Director Rajesh Dahiya’s early retirement. The said retirement will be effective after the close of business hours on December 31, 2021.
Ashoka Buildcon: The company has acquired balance 40% stake in Ashoka Bettadahalli Shivamogga Road for Rs 2 lakh. ABSRPL is a special purpose vehicle incorporated to execute the project awarded by NHAI.
Adani Total Gas: Supreme Court has dismissed company’s appeal in Ahmedabad distribution area. The company in addition to Ahmedabad and Daskori area had claimed authorisation for Sanand, Bavla & Dholka.
Persistent Systems: The company’s wholly owned subsidiary, Persistent Systems Inc., USA, to acquire Software Corporation International and its affiliate Fusion360 LLC for $53 million. The company will acquire Shree Infosoft, India along with certain assets of Shree Partners LLC, USA—the parent company of Shree Infosoft—for $6.87 million. These acquisitions are subject to customary closing conditions which are expected to be completed in a span of 2-5 weeks.
Sterling and Wilson Solar: Promoters Shapoorji Pallonji and Company and Khurshed Daruvala have facilitated the repayment of the balance outstanding loans (Rs 741 crore) along with interest accrued till date, by Sterling and Wilson and its subsidiary Sterling and Wilson International FZE to the company and its subsidiary Sterling and Wilson International Solar FZCO respectively. With this, the entire outstanding loans of Rs 2,563 crore along with interest accrued till date has been repaid in full, the company said.
Indian Overseas Bank: The bank has exited RBI’s prompt corrective action framework. It is no longer in breach of PCA triggers based on FY21 earnings. IOB has provided a written commitment that it will comply with regulatory requirements. It has also apprised RBI of systemic improvements.
GMR Infrastructure: The company’s equity shareholders and secured creditors have approved the composite scheme of amalgamation and arrangement amongst GMR Power Infra, GMR Infrastructure and GMR Power and Urban Infra and their respective shareholders during the NCLT convened meetings.
Zee Entertainment Enterprises Institutional investor, Invesco Fund, has moved NCLT asking Zee Entertainment to call an extraordinary general meeting of shareholders to induct its nominees on the company’s board.
Blue Dart Express: The company will raise average shipment price by 9.6% from January 1, 2022.
HCL Technologies: The company has launched a 5G Open Radio Access Network lab in India to help telecom companies with 5G transition.
Axis Bank: The bank has accepted Executive Director Rajesh Dahiya’s early retirement. The said retirement will be effective after the close of business hours on December 31, 2021.
Ashoka Buildcon: The company has acquired balance 40% stake in Ashoka Bettadahalli Shivamogga Road for Rs 2 lakh. ABSRPL is a special purpose vehicle incorporated to execute the project awarded by NHAI.
Adani Total Gas: Supreme Court has dismissed company’s appeal in Ahmedabad distribution area. The company in addition to Ahmedabad and Daskori area had claimed authorisation for Sanand, Bavla & Dholka.
Birla Corporation Limited (MP Birla Group): Harsh V Lodha, Chairman of the MP Birla Group, announced at the AGM that the Company will increase its annual cement production capacity to 30 million tons (mt) by 2027. This is a new target set for the Company which had earlier said it would raise its production capacity to 25 mt by 2025. Birla Corporation Limited's current production capacity is 15 .6 mt, which will go up to almost 20 mt by the end of the current fiscal year, when its greenfield 3.9 mt plant at Mukutban, near Nagpur, is commissioned. Neutral
SBI Card, has announced launch of the three-day mega shopping festive offer 2021, 'Dumdaar Dus', starting 3 October 2021. During this one-of-its-kind on line shopping festival, SBI Card retail cardholders will have the freedom to shop on line on any domestic e-commerce site, and not be restricted to just one or two, to avail the 10 per cent cash back. Importantly, in line with the growing popularity of EMI transactions, the offer will also be available on online merchant EMI transactions. Positive
Invesco Developing Markets Fund and OFI Global China Fund LLC (Shareholders of the Zee Entertainment) have filed a petition against the Company, before the National Company Law Tribunal, Mumbai Bench, inter alia requesting the tribunal to order an extraordinary general meeting of the Company. Neutral
Bulk Deal as on 29-09-21
Alicon Castalloy
- 1.01 Lk @ 770.01 Gupta Vimal
HDFC Asset Management
- 1.06 Crore @ 2873.79 Standard Life Investment Ltd
+ 15.19 Lk @ 2871.05 T.Rowe Price Emerging Markets Stock
Inox Wind
+ 11.16 Lk @ 99.16 Kirtan Maneklal Rupareliya
Just Dial
- 10.18 Lk @ 990.01 Nalanda India Equity Fund Ltd
+ 5.03 Lk @ 989.98 Sanatan Financial Advisors Services
Karur Vysya Bank
- 2.10 Crore @ 46.62 Olympus India Holdings Ltd
Max Healthcare
- 8.44 Crore @ 350 Kayak Investment Holding Pte Ltd
+ 57 Lk @ 350 HDFC Mutual Fund
+ 4.28 Crore @ 350 Sbi Mutual Fund
+ 52 Lk @ 350 Veritas Fund Plc on behalf of Veritas
Sunteck Realty
+ 11 Lk @ 465.12 Tata Mutual Fund- Money Market Fund
Yasho Industries
- 70 K @ 694.64 Jignesh Amrutlal Thobhani
Alicon Castalloy
- 1.01 Lk @ 770.01 Gupta Vimal
HDFC Asset Management
- 1.06 Crore @ 2873.79 Standard Life Investment Ltd
+ 15.19 Lk @ 2871.05 T.Rowe Price Emerging Markets Stock
Inox Wind
+ 11.16 Lk @ 99.16 Kirtan Maneklal Rupareliya
Just Dial
- 10.18 Lk @ 990.01 Nalanda India Equity Fund Ltd
+ 5.03 Lk @ 989.98 Sanatan Financial Advisors Services
Karur Vysya Bank
- 2.10 Crore @ 46.62 Olympus India Holdings Ltd
Max Healthcare
- 8.44 Crore @ 350 Kayak Investment Holding Pte Ltd
+ 57 Lk @ 350 HDFC Mutual Fund
+ 4.28 Crore @ 350 Sbi Mutual Fund
+ 52 Lk @ 350 Veritas Fund Plc on behalf of Veritas
Sunteck Realty
+ 11 Lk @ 465.12 Tata Mutual Fund- Money Market Fund
Yasho Industries
- 70 K @ 694.64 Jignesh Amrutlal Thobhani
#BREAKING | Infosys Insider trading: #SEBI bans @Infosys and @Wipro employee from #trading in stock exchanges,
Read more at 🔻
https://t.co/BTvPpURmlC
Read more at 🔻
https://t.co/BTvPpURmlC
Moneycontrol
Infosys Insider Trading | SEBI Bans Infosys And Wipro Employee From Trading in Stock Exchanges
GNA AXLES: COMMERCE MINISTRY'S INVESTIGATION ARM DGTR (DIRECTORATE GENERAL OF TRADE REMEDIES) HAS RECOMMENDED AN EXTENSION OF THE EXISTING ANTI-DUMPING DUTY IMPOSED ON THE IMPORTS OF AXLE FOR TRAILERS FROM CHINA: PTI