CNBCTV18: Stock, Share Ma भारत
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10 things you need to know before the opening bell on January 18 - CNBCTV18
The Indian market is likely to open lower on Monday following losses in Asian peers. At 7:45 am, the SGX Nifty was trading 36.50 points or 0.25 percent lower at 14,422.50, indicating a negative start for the Sensex and Nifty50. Get latest Business online at c…
The Indian market is likely to open lower on Monday following losses in Asian peers. At 7:45 am, the SGX Nifty was trading 36.50 points or 0.25 percent lower at 14,422.50, indicating a negative start for the Sensex and Nifty50. 1. Wall Street | US Stock fell on Friday, pressured by intensifying lockdowns and weak US retail sales data, while the dollar index posted its largest weekly gain in more than two months. The Dow Jones Industrial Average fell 177.26 points, or 0.57 percent, to 30,814.26, the S&P 500 lost 27.29 points, or 0.72 percent, to 3,768.25 and the Nasdaq Composite dropped 114.14 points, or 0.87 percent, to 12,998.50. Wall Street will be closed on Monday for a holiday. 2. Asian Stocks | Asian share markets retreated from highs on Monday as disappointing news on US consumer spending tempered risk sentiment ahead of a closely-watched reading on the health of the Chinese economy. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.3 percent having hit a string of record peaks in recent weeks. Japan's Nikkei slipped 1 percent and away from a 30-year high. 3. Indian Market on Friday | Indian indices ended over a percent lower on Friday as major selling was seen in all sectors during the day. The Sensex ended 549 points lower at 49,034 while the Nifty lost 162 points to settle at 14,434. The IT sector fell the most, over 2 percent followed by the pharma index, which was down 1.5 percent. Nifty Bank, Nifty Auto, Nifty FMCG and Nifty Metals also lost between 0.5 percent and 1 percent for the day. 4. Crude Oil | Oil prices ran into profit-taking on worries the spread of increasingly tight lockdowns globally would hurt demand. Brent crude futures were off 12 cents at $54.98 a barrel, while US crude eased 11 cents to $52.25. 5. Rupee | The rupee snapped its three-session winning streak and settled for the day 3 paise lower at 73.07 against the US dollar on Friday, with weaker Asian peers and heavy selloffs in domestic equities weighing on sentiment. At the interbank forex market, the rupee opened at 73.07 and hit an intra-day high of 72.99 and a low of 73.15. It finally finished at 73.07, lower by 3 paise to US dollar. On a weekly basis, the rupee has appreciated by 17 paise or 0.23 per cent. 6. Bank Credit | Bank credit grew 3.2 percent to Rs 107.05 lakh crore in the first nine months of the current financial year, against a growth of 2.7 percent registered in the corresponding period of 2019-20. In the fortnight ended March 27, 2020, bank advances stood at Rs 103.72 lakh crore. Bank deposits rose 8.5 percent to Rs 147.27 lakh crore in the April-December 2020 period as against an increase of 5.1 percent a year ago, according to the recent data released by the Reserve Bank of India. 7. NBFCs | The RBI will soon issue a discussion paper on a scale-based regulation of NBFCs, governor Shaktikanta Das said. The focus of these new regulatory guidelines would be to ensure that all NBFCs, irrespective of their size, have sufficient flexibility to grow. Das said whether it is small banks and NBFCs or large banks and NBFCs, "the differentiating factor among them is the quality of governance," and therefore, the emphasis would have to be on the quality of governance and the business models. 8. December Trade Deficit | Indias trade deficit in December 2020 rose to $15.44 billion as against $12.49 billion, YoY. Exports in December were at $27.15 billion, up 0.1 percent, while imports were at $42.59, up 7.6 percent, YoY. Overall exports (Merchandise and Services combined) in April-December fell 12.65 percent to $348.49 billion, while overall imports were down 25.86 percent to $343.27 billion. (Image: Reuters) 9. IRFC IPO Opens Today | Indian Railway Finance Corporation will open its initial public offering for subscription today and the same will close on January 20. The IPO comprises a fresh issue of 1,18,80,46,000 equity shares and an offer for sale of 59,40,23,000 equity shares by the government. The company has fixed price band for its public issue at Rs 25-26 per share. IRFC targets to raise Rs 4,455.17 crore - Rs 4633.38 crore. The company already garnered Rs 1,390 crore through anchor book on Friday. 10. FPI | Foreign portfolio investors (FPI) put in Rs 14,866 crore in Indian markets in the first half of January with participants expecting strong third-quarter results by companies. As per depositories data, FPIs invested a net Rs 18,490 crore into equities but pulled out Rs 3,624 crore from debt segment between January 1-15. This translated into a total net investment of Rs 14,866 crore during the period under review.
CNBC-TV18's top stocks to watch out for on December 14 - CNBCTV18
The Indian market is likely to open higher Monday following gains in Asian peers amid positive global cues as coronavirus vaccines cheered risk sentiment. At 7:10 am, the SGX Nifty was trading 56.50 points or 0.42 percent higher at 13,590.50, indicating a pos…
The Indian market is likely to open higher Monday following gains in Asian peers amid positive global cues as coronavirus vaccines cheered risk sentiment. At 7:10 am, the SGX Nifty was trading 56.50 points or 0.42 percent higher at 13,590.50, indicating a positive start for the Sensex and Nifty50. Burger King | The companys shares will be listed today on exchanges after its Rs 810-crore public issue was subscribed 156.65 times, the second-highest in 2020. (Image: Reuters) Pfizer | USFDA has issued emergency authorization to Pfizer BioNTech COVID-19 vaccine. (Image: Reuters) UPL | The company has denied reports of SEBI initiating a forensic audit with respect to the whistleblower complaint. UPL has asked SEBI to inquire about this and similar malicious reporting in the last few months. Cipla | The company has settled litigation with Celgene Corporation. United Breweries Ltd | CCI will consider action based on its probe into allegations of beer price cartelization. The top executives of Carlsberg, SABMiller and UBL will be summoned soon by CCI. Central Bank of India | The Capital Raising Committee of the bank has approved the proposal for raising capital funds up to Rs 500 crore. Jindal Steel & Power | The company reported a growth of 15 percent in standalone steel production at 614,000 tonnes in November 2020 versus 533,000 tonnes in a year-ago period. Union Bank of India | The bank is issuing bonds of a maximum of Rs 1,500 crore on a private placement basis. KEC International | The company has secured new orders of Rs 1,438 crore across segments. Astral Poly Technik | The company has commenced plastic water tank manufacturing from the Aurangabad unit. Eveready Industries | Kamalkishore Jani has resigned as Director of the Company w.e.f. December 12, 2020, due to the present situation of COVID-19, as he is stationed in Mumbai and other professional commitments, the company said. Jani has confirmed that there is no other material reason for his resignation. Zuari Global | The company has acquired 100 percent shares of Zuari Insurance Brokers from Zuari Finserv. Eclerx Services | The company will acquire 100 percent stake in IT services company Eclipse Global Holdings LLC for a total consideration of $34 million.
CNBC-TV18's top stocks to watch out for on December 4 - CNBCTV18
The Indian market is likely to open higher on Friday tracking a positive trend in global peers. Investors will keep an eye on the Reserve Bank of India's bi-monthly monetary policy to be announced today. At 7:05 am, the SGX Nifty was trading 51.00 points or 0…
The Indian market is likely to open higher on Friday tracking a positive trend in global peers. Investors will keep an eye on the Reserve Bank of India's bi-monthly monetary policy to be announced today. At 7:05 am, the SGX Nifty was trading 51.00 points or 0.39 percent higher at 13,254.00, indicating a positive start for the Sensex and Nifty50. PSU Banks | Fitch affirmed Bank of Baroda, Bank of India, State Bank of India and Punjab National Bank's IDR rating at 'BBB-', with a Negative outlook. Fitch also affirmed IDBI Bank's IDR rating at 'BB+' with a Negative outlook, but upgraded viability rating to 'ccc+'. Telecom stocks | Bharti Airtel added 3.77 million new subscribers while Reliance Jio added 1.46 million new subscribers in September 2020. Vodafone Idea lost 4.65 million subscribers during the month. MTNL and Reliance Communications lost 5,784 and 1,324 customers, respectively. Bharti Airtel has pipped Reliance Jio in new mobile subscriber addition in September after a gap of four years, according to data published by telecom regulator TRAI. State Bank of India | The bank said its mobile application YONO was impacted due to a system outage and steps were being taken for the restoration of uninterrupted services. (Image: Reuters) Hero MotoCorp | Only 10 of Harley Davidson's 33 existing dealers have gone ahead with becoming a part of Hero MotoCorp's dealership network. NMDC | Karnataka government has issued orders allowing iron ore mining to be resumed in Donimalai mines by NMDC. Granules India | The company has received approval from USFDA for generic of Cuprimine, Penicillamine capsules. Marico | The FMCG major announced a foray into the plant protein category by extending its healthcare brand Saffola into the soya chunks segment. Orient Cement | The company will acquire a 26 percent stake in AMPSolar Systems for Rs 4.5 crore. Canara Bank | The state-run lender has raised its rates for fixed deposits with a maturity period of at least two years by 0.2 percent to 5.4 percent. For fixed deposits with a tenure of 3-10 years, the interest rate has been increased to 5.5 percent from 5.3 percent. Ambuja Cements, ACC | The companies said they will make investments worth over Rs 780 crore at their plants to reduce carbon dioxide emissions. Union Bank of India | The bank will hold an extraordinary general meeting (EGM) later this month to seek shareholders' approval for raising up to Rs 6,800 crore equity capital. NCC | Rakesh Jhunjhunwala and family has increased stake in the company to 13.7 percent from 12.14 percent as of September 2020.
Most lungs recover well after COVID-19, says study - CNBCTV18
The patients were examined by CT scan and a lung functional test. After three months, the researchers took stock, which revealed that the patients’ lung tissue is recovering well.Get latest Healthcare online at cnbctv18.com
Lung tissue of patients who suffer severely from COVID-19 shows good recovery in most cases, according to a study. The researchers at the Radbound University in the Netherlands found that the group which was referred by a GP did not recover as well as patients who were admitted to the hospital’s Intensive Care Unit (ICU). The study, published in the journal Clinical Infectious Diseases, included 124 patients who had recovered from acute COVID-19 infections. The patients were examined by CT scan and a lung functional test. After three months, the researchers took stock, which revealed that the patients’ lung tissue is recovering well. Residual damage in the lung tissue was generally limited, and was most often seen in patients who were treated in the ICU, they said. According to the study, the most common complaints after three months are fatigue, shortness of breath and chest pains. ”The patterns we see in these patients show similarities with recovery after acute pneumonia or acute respiratory distress syndrome (ARDS), in which fluid accumulates in the lungs,” pulmonologist Bram van den Borst said. Recovery from these conditions also generally takes a long time. It is encouraging to see that lungs after COVID-19 infections exhibit this level of recovery,” van den Borst said in a statement. In the study, the patients were divided into three categories: a group who were admitted to the ICU, patients who were admitted to a nursing ward in the hospital, and those who could stay home but experienced persisting symptoms that eventually warranted a referral from their GP. The study assessed how patients fared after three months, and revealed that the patients who were referred to the aftercare clinic by their GP showed the worst recovery in the following period, the researchers said. Also Read:When and which COVID-19 vaccines are likely to be available in Asia This latter group of patients was referred because of their persisting symptoms, they said. ”However, it does seem that there is a clear subgroup of patients who initially experienced mild COVID-19 symptoms and later kept experiencing persistent long-term complaints and limitations,” van den Borst explained. ”What is striking is that we barely found any anomalies in the lungs of these patients. Considering the variety and seriousness of the complaints and the plausible size of this subgroup, there is an urgent need for further research into explanations and treatment options,” he said.
COVID-19 virus survives on surfaces within thin films: IIT B study - CNBCTV18
The study, published in the journal Physics of Fluids, attributes the long survival time of the novel coronavirus on a surface to the slow evaporation of a thin nanometre liquid film remaining after the evaporation of the bulk droplet.Get latest Healthcare on…
The COVID-19 virus survives on surfaces by clinging to thin liquid films, according to a study by researchers at IIT-Bombay which provides insights into how the novel coronavirus sustains for hours or days on solid surfaces under ambient conditions. The study, published in the journal Physics of Fluids, attributes the long survival time of the novel coronavirus on a surface to the slow evaporation of a thin nanometre liquid film remaining after the evaporation of the bulk droplet. The ability to predict the survival of the novel coronavirus on different surfaces can help prevent and contain the spread of COVID-19, the researchers said. While the typical respiratory droplets dry within seconds, the survival time of the SARS-CoV-2 virus on different surfaces within recent experiments has been found to be on the order of hours, they said. This discrepancy suggests an orders of magnitude difference in the time between droplet drying and the survival time of the COVID-19 virus on surfaces, according to the researchers. The researchers described how a nanometres-thick liquid film clings to the surface, due to London-van der Waals forces, which allows the COVID-19 virus to survive for hours. Van der Waals forces include attraction and repulsions between atoms, molecules, and surfaces, as well as other intermolecular forces. ”Our model for the thin film transport shows that survival or drying time of a thin liquid film on a surface is on the order of hours and days, similar to what has been observed in measurements of the virus titer,” said Amit Agrawal, professor at Indian Institute of Technology (IIT) Bombay. ”It captures the relatively longer survival time on plastic and glass compared to metals,” Agrawal said. A titer is the lowest concentration of virus that still infects cells. The nanometric film is assumed to be like a pancake deposited onto a surface. The researchers briefly examined changes in drying time as a function of contact angle and surface type. ”Our biggest surprise was that the drying time of this nanometric film is on the order of hours,” said Rajneesh Bhardwaj, a professor at IIT Bombay. ”It suggests the surface isn’t completely dry, and the slowly evaporating nanometric film is providing the medium required for the survival of the coronavirus,” Bhardwaj said. Since a longer survival time of the virus corresponds to increased chances of being infected, the researchers said it is desirable to disinfect frequently touched surfaces, such as door handles or hand-held devices, and within hospitals and other areas prone to outbreaks. ”We also recommend heating surfaces, because even short duration high temperatures, at which the surface is at a higher temperature than the ambient, can help evaporate the nanometric film and destroy the virus,” Bhardwaj added. Click here: For the latest news and updates on COVID-19
RBI increases market trading hours from Nov 9 - CNBCTV18
The Reserve Bank on Monday announced phased restoration of trading hours for various debt as well as currency market from November 9 as the country has started graded roll-back of the lockdown. Trading hours for various markets regulated by the RBI were reduc…
The Reserve Bank of India has extended trading hours for currency and rupee markets including forex derivatives, government securities, commercial paper and certificates of deposit by 90 minutes. The revised trading hours for rupee and bond markets are from 10 am to 3:30 pm as per Indian Standard Time as against 2 pm earlier. The revised timings will be effective from November 9, 2020. The extension in trading hours comes following easing COVID-19 lockdown restrictions across the country. The RBI had reduced the trading hours for the money market due to the COVID-19 crisis and restrictions on transport after the lockdown in March. The trading hours for various markets regulated by the Reserve Bank were amended effective from April 7, 2020 in view of the operational dislocations and elevated levels of health risks posed by COVID-19, the RBI said. "With the graded roll-back of the lockdown and easing of restrictions on movement of people and functioning of offices, it has been decided to restore trading hours for regulated markets in a phased manner," the Reserve Bank of India said in its statement.
This is why discovery of water on the Moon is so important - CNBCTV18
The presence of water on the shadowed parts of the Moon was previously known to the scientists; however, this discovery points to the fact that water may be distributed across the lunar surface — in more abundant quantities than previously thought.Get latest …
NASA's Stratospheric Observatory for Infrared Astronomy (SOFIA) has confirmed the discovery of water on the sunlit surface of the Moon. The presence of water on the shadowed parts of the Moon was previously known to scientists; however, this discovery points to the fact that water may be distributed across the lunar surface — in more abundant quantities than previously thought. Why is it so important? The detection of molecular water and not just hydroxyl (as was previously known) has boosted NASA's hopes of establishing a lunar base on our only natural satellite. The lunar base aims to tap into the natural resources present on the Moon rather than making frequent round-trips to Earth. However, before going on that path, researchers need to understand the nature of water on the Moon. Positive results in this direction would determine the accessibility for use, said Jacob Bleacher, a postdoctoral fellow at NASA's Goddard Space Flight Center in Maryland. The location of the lunar base would largely depend on where the water is. Dr Hannah Sargeant, a planetary scientist from the Open University in Milton Keynes, told BBC News, this means developing "a more sustainable way of exploring space." A sustainable way of exploring space means using local resources from the Moon's surface, and water is the primary resource. What does it mean for us? Further explaining the meaning of the discovery, Dr Sargeant said this discovery could broaden the list of places where NASA might want to build a base. While the list of missions to the Moon's polar regions is quite extensive, the plans to build a permanent habitation on the Moon's surface is a long-term mission, quite an important one at that.She said the team is already working on Moon base ideas and where the base would be located, this discovery - while does not give much time - gives more options. NASA is expecting to establish a base by the end of the decade.Experts say that this could form the basis of a future lunar economy once they figure out how to extract the water and ice.Consequently, it would be much cheaper to make rocket fuel on the Moon rather than sending it from Earth. In the future, if the explorers want to return to Earth, they can use hydrogen and oxygen as fuels to power space vehicles.Re-fuelling at the Moon instead of coming all the way to Earth would bring down the cost of space travel, which would eventually make space travel more affordable. Moon could also be used as a rest-stop for further space explorations, changing the picture of space travel. Meanwhile, Sputnik News has slamed NASA scientists for not realizing the fact that Soviet Union's Luna 24 probe made this discovery in 1976.
Equitas Small Finance Bank IPO opens tomorrow: Here are the key things to know - CNBCTV18
Equitas Small Finance Bank, the subsidiary of Equitas Holdings is set to open its initial public offering (IPO) for bidding on October 20 and will close on October 22. Get latest Market online at cnbctv18.com
Equitas Small Finance Bank, the subsidiary of Equitas Holdings is set to open its initial public offering (IPO) for bidding on Tuesday, October 20, and will close on Thursday, October 22. The IPO is the first in October after September saw the launch of as many as 8 IPOs. Post the IPO, the stake of Equitas Holdings Limited will decline to about 82 percent from 95.49 percent earlier. The shares are expected to list on BSE and NSE on October 30. Originally, the company had planned a Rs 1,000 crore issue which has now been reduced to half. "We are reasonably comfortable on our capital adequacy ratio, so didn't need to raise as much capital. I believe we have adequate growth capital for the short term. Given the current macro environment, we thought it would be prudent to reduce the issue size," PN Vasudevan, CEO, Equitas Small Finance Bank said. Here are the key things to before subscribing to the issue: 1) Objective: The IPO is mainly to meet the RBI’s regulatory norms that require the banking subsidiary to be listed within three years of commencement of operations which was September 2019 and to reduce promoter stake to 40 percent within five years, which will be by September 2021. As per the regulations, the promoter holdings have to be reduced to 30 percent in 10 years (by September 2026) and to 26 percent in 12 years—by September 2028. "Our deadline to go public was September 2019 as per RBI rules, which we missed. We missed the September 19 deadline for listing because we were trying to get a regulatory nod for a scheme of arrangement which SEBI rejected. Listing was further delayed due to the pandemic," Vasudevan explained. Also read: Equitas Small Finance Bank downsizes offer size for proposed IPO 2) Price Band: Equitas Small Finance Bank has fixed the issue price in the price band of Rs 32-Rs 33 per share. 3) Minimum Bid: Applicants can bid for a minimum one lot of 450 equity shares and in multiples of 450 equity shares, extending up to 13 lots. 4) Book Managers: The lead managers of the for the initial public offer are Edelweiss Financial Services, IIFL Securities and JM Financial Consultants, while KFintech Private Limited is the registrar to the issue. 5) Issue Size: The public issue consists a fresh issue of Rs 280 crore (8.5 crore shares) and an offer for sale of 7.2 crore equity shares by Equitas Holdings (valued at Rs 237.6 crore at the upper price band), taking the total issue size to Rs 517.6 crore. 6) Reservation: The offer includes a reservation of Rs 51 crore worth of shares for eligible shareholders of Equitas Holdings and Rs 1 crore shares for eligible employees of Equitas Small Finance Bank. The eligible shareholders mean those individuals and HUFs who are the public equity shareholders of EHL (excluding such persons who are not eligible to invest in the offer under applicable laws or are otherwise unable to make any such investment) as on the date of the red herring prospectus i.e. October 11, 2020, the company’s filing said. 7) Background: Equitas Small Finance Bank was incorporated in Chennai on June 21, 1993. Their asset products include small business loans, housing loans, and agriculture loans, Vehicle Loans, MSE Loan etc. On the liability side, they offer current accounts, salary accounts, savings accounts, and a variety of deposit accounts to their clients. Equitas SFB was the largest SFB in India in terms of a number of banking outlets, and the second-largest SFB in India in terms of assets under management and total deposits in Fiscal 2019, as per the CRISIL report.
Serum Institute of India to expand scope of COVID-19 vaccine trials - CNBCTV18
Serum Institute of India, which is currently conducting Phase 2 and 3 trials of the Oxford COVID-19 vaccine, has sought approval to expand the scope of vaccine trials in India.Get latest Healthcare online at cnbctv18.com
Serum Institute of India, which is currently conducting Phase 2 and 3 trials of the Oxford COVID-19 vaccine, has sought approval to expand the scope of vaccine trials in India. The Pune-based vaccine maker has written to the drug regulator to broaden the participant inclusion criteria to now cover older individuals, people with health conditions, those at high risk of Sars-Cov2 infection like household contacts, and those who recovered from COVID-19 infection. Broadening the inclusion criteria will align the Indian trials of Covishield with that of the ongoing global trials and test the vaccine for high-risk individuals and real-world distribution scenarios. Also read:Find out the status of top pharma companies developing vaccines to fight coronavirus The Subject Expert Committee responding to the proposal submitted on October 6th recommended approval of the amendments. It said, "After detailed deliberation, the committee recommended for approval of the proposed amendments subject to the condition that the inclusion & exclusion criteria are same as that of AstraZeneca/Oxford Trial with regard to the omission of history of COVID-19 disease in household contacts or history of COVID-19 infection or currently positive for SARS-CoV2 by RT-PCR, as it is bridging study and the same should be submitted to CDSCO." COVID-19 vaccines are targeted for high-risk populations, such as older individuals, those with co-morbidities, healthcare workers, or household contacts of COVID positive individuals. Hence, testing the vaccine’s effectiveness in this group of people is crucial. "There were certain cohorts in the current trial structure which are restricted to people under 60 or 65 years, now there will be no upper age limit. Senior citizens, who are actually high risk and older people with co-morbidities will be included and it makes it a fuller trial," said a senior medical doctor with expertise in vaccine trials. He didn’t wish to be named. Also read:Johnson & Johnson's COVID-19 vaccine trial paused after 'unexplained illness' Besides, testing people for current or past exposure to viruses before administering the vaccine is not possible when the vaccine is rolled out to the general public. "Hence, the vaccine needs to be one that can be administered to any high-risk individual and we know that it will work and is safe," explained the senior medical doctor quoted above. According to Serum Institute's trial protocols published on the Clinical Trials Registry of India, people with a history of laboratory-confirmed COVID-19 disease in household or workplace contact, those who show IgG seropositivity to SARS-CoV-2, those recovered or currently positive for SARS-CoV-2 by RT-PCR test are all currently excluded from the trial. Serum Institute’s vaccine trials are part of Phase 3 global trials being conducted by the University of Oxford/AstraZeneca in more than 30,000 individuals. Oxford’s trial global trials include adults aged 18 years or over from diverse racial, ethnic, and geographic groups who are healthy or have stable underlying medical conditions, including those living with HIV, and who are at increased risk of infection from the SARS-CoV-2 virus. Also read:Oxford scientists develop 5-minute COVID-19 antigen test With the Subject Expert Committee’s recommendations already in, Serum Institute now has to submit the proposal to the drug regulator for the final nod. There are 42 candidate COVID-19 vaccines in clinical evaluation and nearly 9 experimental vaccines are in late-stage clinical trials globally. Vaccine makers Bharat Biotech and Zydus Cadila are currently testing their indigenously developed vaccines in Phase 1 / 2 clinical trial.
CNBC-TV18's top stocks to watch out for on October 6 - CNBCTV18
The Indian market is likely to open higher on Tuesday tracking gains in global markets. At 7:00 am, the SGX Nifty was trading 28.50 points or 0.25 percent higher at 11,552.50, indicating a positive start for the Sensex and Nifty50.Get latest Market online at …
The Indian market is likely to open higher on Tuesday tracking gains in global markets. At 7:00 am, the SGX Nifty was trading 28.50 points or 0.25 percent higher at 11,552.50, indicating a positive start for the Sensex and Nifty50. SBI | The Bank Board Bureau has recommended S Janakiraman and Ashwini Kumar Tewari's names for the position of the banks Managing Director. HDFC Bank | The banks advances as on September 30, 2020, rose 16 percent to Rs 10.4 lakh crore while deposits increased 20 percent to Rs 12.3 lakh crore, YoY. CASA Ratio was at 42 percent versus 39.3 percent, YoY. HDFC Ltd | The companys individual loan approvals in Q1FY21 increased 9 percent YoY but disbursements were down 5 percent, YoY. IndusInd Bank | The banks advances as on September 30, 2020, rose 2 percent to Rs 2 lakh crore from Rs 1.97 lakh crore while deposits increased 10 percent to Rs 2.28 lakh crore, YoY. CASA Ratio was at 41.4 percent versus 40.4 percent, YoY. (Image: Company) Tata Motors | JLR retail sales rose 50 percent to 1,13,569 vehicles in Q2FY21 as against 74,067 vehicles in Q1FY21. However, sales were down 11.9 percent, YoY. (Image: Reuters) Britannia Industries | The company's board has approved the issue of one debenture of face value of Rs 29 each to the members of the company for every one equity share by utilizing the General Reserve of the company and payment of a dividend of Rs 12.50. Sobha | In Q2FY21, the company achieved a total sales volume of 8,91,700 square feet valued at Rs 690 crore, with a total average realization of Rs 7,737 per square feet. CreditAccess Grameen | The company has launched QIP issue at Rs 707.69 per share. Infibeam Avenues | The company has entered into a definitive agreement with Jio Platforms and its affiliates. Escorts | The company completed the acquisition of 2 crore equity shares of KAI from KBT, constituting 40 percent of the share capital of KAI at Rs 45 per share for an aggregate value of Rs 90 crore. Majesco | The company will consider a proposal for buyback of fully paid-up equity shares on October 8. Sterlite Technologies | The company has approved the appointment of Mihir Modi as Chief Financial Officer.
CNBC-TV18's top stocks to watch out for on September 8 - CNBCTV18
The Indian market is likely to open higher Tuesday amid positive momentum in Asian peers. At 7:15 am, the SGX Nifty was trading 37.00 points or 0.33 percent higher at 11,418.00, indicating a positive start for the Sensex and Nifty50.Get latest Market online a…
The Indian market is likely to open higher Tuesday amid positive momentum in Asian peers. At 7:15 am, the SGX Nifty was trading 37.00 points or 0.33 percent higher at 11,418.00, indicating a positive start for the Sensex and Nifty50. SBI | The bank plans to recruit more than 14,000 people this year. Dr Reddy's Laboratories | The company has launched Fulvestrant injection in the US market. (Image: Reuters) Future Enterprises | The company reported a consolidated net loss of Rs 394.77 crore in Q4FY20 as against a net profit of Rs 66.58 crore, YoY. Revenue fell 50.01 percent to Rs 783.28 crore from Rs 1,566.96 crore, YoY. EIH | The companys board has approved raising up to Rs 350 crore via the right issue. Indian Overseas Bank | The bank has reduced MCLR rates by 10 bps across various tenors with effect from September 10. Bharat Dynamics | The government has proposed to sell upto 1.83 crore shares (10% stake) and an additional 91.6 lakh shares (5% stake) at a floor price of Rs 330 per share. Amber Enterprises India | The companys board has approved QIP issue at a floor price of Rs 1,798.72 per share. Info Edge (India) | The companys Q1FY21 standalone net profit rose 24.7 percent to Rs 83.2 crore while revenue fell 10.5 percent to Rs 280.1 crore, YoY. Billing was down 44 percent to Rs 188.6 crore. ITI | The company has signed an MoU with Ilantus Technologies to deliver solutions to government agencies, defence, PSUs and banking sector. The company has also received a letter of intent from Bharti Airtel for fibre to home rollout in 8 circles in the country. Parag Milk Foods | The companys Q1FY21 net profit fell to Rs 3.23 crore from Rs 27.5 crore while revenue declined to Rs 435.6 crore from Rs 629.74 crore, YoY. Dhanuka Agritech | The company has launched two fungicides for grapes farmers. Rushil Décor | The company has fixed September 11 as the record date to receive Rights Entitlement in the rights issue. McNally Bharat Engineering Company | The companys loss in Q1FY21 was at Rs 30.67 crore as against a loss of Rs 32.58 crore while revenue was at Rs 104.95 crore versus Rs 222 crore, YoY. Earnings | Future Consumer, Jindal Stainless, CESC, Dishman Carbogen Amcis, SML Isuzu, Spencer's Retail, Mafatlal Industries, Bal Pharma, Sharon Bio-Medicine, Simplex Projects, Texmaco Rail & Engineering among others.
Vodafone Idea board approves fund raising of up to Rs 25,000 crore - CNBCTV18
Telecom operator Vodafone Idea on Friday said its board has approved plans to raise up to Rs 25,000 crore through a combination of issuance of equity shares and non convertible debentures (NCDs).Get latest Telecom online at cnbctv18.com
Telecom operator Vodafone Idea on Friday said its board has approved plans to raise up to Rs 25,000 crore through a combination of issuance of equity shares and non convertible debentures (NCDs). In a regulatory filing, Vodafone Idea said, "We wish to inform you that the Board of Directors of the Company... approved the raising of funds though: (a) issue of equity shares or securities convertible into equity shares, Global Depository Receipts, American Depository Receipts, foreign currency convertible bonds, convertible debentures, warrants, composite issue of non-convertible debentures and warrants entitling the warrant holder(s) to apply for equity shares or a combination thereof up to an aggregate amount of Rs. 15,000 crore by way a public issue, preferential allotment, private placement, qualified institutions placement or through any other permissible mode in one or more tranches; and (b) issuance of unsecured and / or secured, non-convertible debentures up to an aggregate amount of Rs. 15,000 crore, by way of public offering or private placement basis or otherwise, in one or more tranches." The development comes following the Supreme Court verdict directing all telecom operators to pay 10 percent of total Adjusted Gross Revenue (AGR)-related dues this year, and rest of the payments in 10 installments starting from next fiscal year. As per the government, Vodafone Idea has outstanding dues of Rs 58,250 crore till 2016-17, out of which the company has paid Rs 7,854 crore to the Department of Telecom. Shares of Vodafone Idea ended at Rs 12.01, down Rs 0.55, or 4.38 percent on the BSE.