World Markets
Dow - 547
Nasdaq - 64
Dax - 105
Nikkei - 450
Hangseng Closed
Sgxnifty - 160 (17451)
Brent Crude 78.31
Dow Fut - 167
Dollar Index 94.35
Dow - 547
Nasdaq - 64
Dax - 105
Nikkei - 450
Hangseng Closed
Sgxnifty - 160 (17451)
Brent Crude 78.31
Dow Fut - 167
Dollar Index 94.35
The National Company Law Tribunal (NCLT) on Thursday asked Zee Entertainment and its board to consider the requisition of Invesco Developing Markets Fund and OFI Global China Fund LLC, who hold 18 per cent stake in the company, to hold an extraordinary general meeting (EGM) of the company.
Ola Electric, has raised over $200 million led by Falcon Edge, Softbank and others, tripling its valuation to $3 billion.
Ola will accelerate development of other vehicle platforms including electric motorbike, mass market scooter and its electric car. Negative for Other 2W companies
Ola will accelerate development of other vehicle platforms including electric motorbike, mass market scooter and its electric car. Negative for Other 2W companies
*Introduction of Futures & Options Contracts on 8 Individual Securities w.e.f. October 01, 2021*
1 ABBOTINDIA
2 CROMPTON
3 DALBHARAT
4 DELTACORP
5 INDIACEM
6 JKCEMENT
7 OBEROIRLTY
8 PERSISTENT
1 ABBOTINDIA
2 CROMPTON
3 DALBHARAT
4 DELTACORP
5 INDIACEM
6 JKCEMENT
7 OBEROIRLTY
8 PERSISTENT
Why Jhunjhunwala thinks power reforms will be bigger than 1991's liberalisation
https://economictimes.indiatimes.com/markets/stocks/news/why-jhunjhunwala-thinks-power-reforms-will-be-bigger-than-1991s-liberalisation/articleshow/86651638.cms
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https://economictimes.indiatimes.com/markets/stocks/news/why-jhunjhunwala-thinks-power-reforms-will-be-bigger-than-1991s-liberalisation/articleshow/86651638.cms
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The Economic Times
Why Jhunjhunwala thinks power reforms will be bigger than 1991's liberalisation
The government is expected to introduce the Electricity (Amendment) Bill, 2021 in Parliament soon. The bill is the latest attempt by the Centre to reform a sector that has seen incremental reforms for the past 25 years without ever dealing with the issues…
Sebi rolls out swing pricing to protect debt mutual fund investors
https://mybs.in/2ZhZH0F
https://mybs.in/2ZhZH0F
Business-Standard
Sebi introduces swing pricing to protect debt mutual fund investors
In a circular on Wednesday, the regulator said initially the mechanism will be made applicable only for during net outflows
Maruti Suzuki to cut October output by 40% due to semiconductor shortage
https://www.moneycontrol.com/news/technology/auto/maruti-suzuki-to-cut-october-output-by-40-due-to-semiconductor-shortage-7528491.html
https://www.moneycontrol.com/news/technology/auto/maruti-suzuki-to-cut-october-output-by-40-due-to-semiconductor-shortage-7528491.html
Moneycontrol
Maruti Suzuki to cut October output by 40% due to semiconductor shortage
The cut in output comes just at the start of the festive season which begins on October 7 with the start of Navratri. This is usually the time of the year when automakers build inventory for the rush in demand
Govt hikes domestic natural gas price by 62% to $2.90/mBtu Oct-Mar- The government has increased the price of domestically produced natural gas by 62% to $2.90 per mBtu for Oct-Mar from Apr-Sep’s $1.79 per mBtu, according to information available with the oil ministry's Petroleum Planning and Analysis Cell. The government has hiked the price ceiling of natural gas produced from difficult fields by 69.3% to $6.13 per mBtu for the six months starting October from Apr-Sep's $3.62 per mBtu. These prices are on gross calorific value basis.
Domestic gas prices are revised every six months, usually at the end of March and the end of September. This is the first instance of domestic gas price being increased in the last two years. The price for Apr-Sep had been kept unchanged from the previous level and was preceded by three consecutive price reductions.
The price of domestic natural gas is fixed using a formula based on the volume weighted average of rates in gas-surplus countries like the US, Russia, and Canada, according to the domestic gas pricing policy. The rates are based on 12-month trailing average prices with a three-month lag. As for price ceiling for gas from difficult blocks, producers have been given pricing and marketing freedom capped by a ceiling price, arrived at on the basis of landed price of alternative fuels.
IMPACT: The price hikes are seen as a positive for natural gas producers like Oil and Natural Gas Corp Ltd, Reliance Industries Ltd, and Oil India Ltd. However, sectors consuming domestic natural gas--particularly the city gas distribution sector--would see a rise in costs. Usually, city gas distribution players like Indraprastha Gas Ltd and Mahanagar Gas Ltd expected to announce changes in retail selling price of compressed natural gas and piped natural gas in line with the revisions in domestic gas prices.
Domestic gas prices are revised every six months, usually at the end of March and the end of September. This is the first instance of domestic gas price being increased in the last two years. The price for Apr-Sep had been kept unchanged from the previous level and was preceded by three consecutive price reductions.
The price of domestic natural gas is fixed using a formula based on the volume weighted average of rates in gas-surplus countries like the US, Russia, and Canada, according to the domestic gas pricing policy. The rates are based on 12-month trailing average prices with a three-month lag. As for price ceiling for gas from difficult blocks, producers have been given pricing and marketing freedom capped by a ceiling price, arrived at on the basis of landed price of alternative fuels.
IMPACT: The price hikes are seen as a positive for natural gas producers like Oil and Natural Gas Corp Ltd, Reliance Industries Ltd, and Oil India Ltd. However, sectors consuming domestic natural gas--particularly the city gas distribution sector--would see a rise in costs. Usually, city gas distribution players like Indraprastha Gas Ltd and Mahanagar Gas Ltd expected to announce changes in retail selling price of compressed natural gas and piped natural gas in line with the revisions in domestic gas prices.
Redbox India@REDBOXINDIA
TCS: BOARD MEETING ON OCT 8 TO CONSIDER Q2 RESULTS
CO TO CONSIDER DECLARATION OF A SECOND INTERIM DIVIDEND
TCS: BOARD MEETING ON OCT 8 TO CONSIDER Q2 RESULTS
CO TO CONSIDER DECLARATION OF A SECOND INTERIM DIVIDEND
Paras Defence and Space Technologies Limited
Listing Date : Friday, Oct 01 2021
ISIN : INE045601015
BSE : 543367 (T Group)
NSE : PARAS (BE Series)
Total Shares : 39000061
Face Value : ₹10
IPO Price : ₹175
This will be in Trade-for-Trade segment for 10 trading days.
Listing Date : Friday, Oct 01 2021
ISIN : INE045601015
BSE : 543367 (T Group)
NSE : PARAS (BE Series)
Total Shares : 39000061
Face Value : ₹10
IPO Price : ₹175
This will be in Trade-for-Trade segment for 10 trading days.
Air India sale: Govt officials meet Tata Sons, Ajay Singh for the second day in a row
https://www.moneycontrol.com/news/business/companies/air-india-sale-govt-officials-meet-tata-sons-ajay-singh-for-the-second-day-in-a-row-7528381.html
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https://www.moneycontrol.com/news/business/companies/air-india-sale-govt-officials-meet-tata-sons-ajay-singh-for-the-second-day-in-a-row-7528381.html
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Moneycontrol
Air India Sale: Govt Officials Meet Tata Sons, Ajay Singh For The Second Day In A Row
On September 30, government officials met the two bidders of Air India for a second consecutive day to discuss the divestment of the airline. Officials from the Ministry of Civil Aviation, Department of Investment and Public Asset Management, and the Directorate…
India's FinTech adoption rate highest in the world at 87%, beats 64% global average: Piyush Goyal
https://www.moneycontrol.com/news/business/economy/indias-fintech-adoption-rate-highest-in-the-world-at-87-beats-64-global-average-piyush-goyal-7527351.html
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https://www.moneycontrol.com/news/business/economy/indias-fintech-adoption-rate-highest-in-the-world-at-87-beats-64-global-average-piyush-goyal-7527351.html
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Moneycontrol
India's FinTech Adoption Rate Highest In The World At 87%, Beats 64% Global Average: Piyush Goyal
With more than 2,100 players and worth $31 billion, India's FinTech market is one of the fastest growing in the world, the Commerce and Industry Minister said. This is expected to grow to $84 billion by 2025.
Natural Gas priced increased to USD 2.90 per million British thermal unit for the six month period beginning 1 October. The new price represents a 62% increase from the April-September 2021 price of $1.79/mmBtu. This ison expected line. Neutral
Maruti expects October production to be at 60% of normal levels due to shortage of semiconductor chips with situation continuing to remain dynamic. Negative.
Bulk Deal as on 30-09-21
Associated Alcohol
- 1 Lk @ 451.68 Garnet Tradelink Pvt Ltd
Banswara Syntex
+ 6.76 Lk @ 153.2 Cofipalux Invest SA
- 6.80 Lk @ 153.2 Kotak Mahindra (International) Ltd
Just Dial
- 5.17 Lk @ 991.44 Nalanda India Equity Fund Ltd
Inox Wind Ltd
+ 17.50 Lk @ 98.9 Neomile Corporate Advisory Pvt Ltd
- 19.93 Lk @ 98.91 Devansh Trademart LLP
McLeod Russel
+ 16.15 Lk @ 34.87 Ekta Credit Pvt Ltd
- 12.56 Lk @ 34.86 Niraj Rajnikant Shah
Associated Alcohol
- 1 Lk @ 451.68 Garnet Tradelink Pvt Ltd
Banswara Syntex
+ 6.76 Lk @ 153.2 Cofipalux Invest SA
- 6.80 Lk @ 153.2 Kotak Mahindra (International) Ltd
Just Dial
- 5.17 Lk @ 991.44 Nalanda India Equity Fund Ltd
Inox Wind Ltd
+ 17.50 Lk @ 98.9 Neomile Corporate Advisory Pvt Ltd
- 19.93 Lk @ 98.91 Devansh Trademart LLP
McLeod Russel
+ 16.15 Lk @ 34.87 Ekta Credit Pvt Ltd
- 12.56 Lk @ 34.86 Niraj Rajnikant Shah