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Shares of the budget carrier operator snapped four-day decline and rose as much as 2.7 percent to Rs 1,248.30.
Pratt & Whitney will provide spare engines within 40 days to get all grounded Airbus SE A320neo aircraft at India’s IndiGo flying again, with the first delivery scheduled for Wednesday, Bloomberg reported, quoting people familiar with the matter.
The stock has returned 38.3 percent in the past 12-months, compared to 13.2 percent advance in Sensex.
Elpro International
Gujarat State Petronet
EIH Associated Hotels
Dhanlaxmi Bank
Cipla Ltd. received eight observations regarding manufacturing practices at its Goa plant that contributes a quarter of the drugmaker’s sales in the U.S.
The facility of India’s second-largest pharma company by market value was inspected from Jan. 22 -25, according to a Form 483 issued by the U.S. Food and Drug Administration, a copy of which was obtained by BloombergQuint (More details here).
Shares of Cipla declined 0.9 percent to Rs 555.60 apiece.
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Shares of Videocon Industries pared early losses and rallied as much as 3.8 percent to Rs 14.90. The company exited insurance business by selling its unit Videocon General Insurance Company Ltd.
Videocon Industries, which was holding 51.32 percent of the share capital of Liberty Videocon sold 26 percent to Diamond Dealtrade and the remaining 25.32 percent to Enam Securities, according to its stock exchange notification.
Buyers and sellers were not known immediately.
Source: Bloomberg
Shares of the Binani Cement's parent were locked in upper circuit. UltraTech Cement, yesterday, agreed to issue a letter of comfort for its increased bid to the cement maker’s lenders for termination of insolvency proceedings at the Kolkata bench of the NCLT, according to its exchange filing.
Trading volume was 7.8 times its 30-day average. The stock declined 29.4 percent so far this year, compared to 3.1 percent decline in Sensex.
Shares of the hypermarket operator rose as much as 2.9 percent to Rs 544.95
The country’s central bank increased the company’s FII/FPI limit to 49 percent from 24 percent, according to its media statement.
The stock has returned 107 percent in the past 12 months, compared to 26.7 percent gain in Sensex.
Shares of the state-run lender extended decline for the second day and fell as much as 5.4 percent, the most in nearly two weeks to Rs 250.
The CBI today charged former Chairman and Managing Director RK Dubey and two of the then executive directors of the Canara Bank of cheating and forgery in the alleged loan default of over Rs 68 crore sanctioned in 2013, officials told PTI.
Trading volume was three times its 20-day average. The stock is 30 percent below the Bloomberg consensus one-year target price.
Sovereign bonds may gain today on a report that the government and RBI will meet next week to review raising foreign investment cap in government bonds. FII limit could be increased to 6-8 percent of total outstanding over about five years, and the increase is likely in phases, BTVI reported.
Later in the day, RBI will hold 220 billion rupees of 14-day term repo auction and 300 billion rupees of 7-day reverse repo auction.
Technicals, on the other hand, show that the dollar-rupee pair could trade toward the top of February range after the bullish close. The implied opening of forwards suggests onshore rupee may start trading around 65.23 today.
Here's a lineup of all major corporate meetings over the next few days.https://t.co/L8UPvGcCjp pic.twitter.com/b2Ux9zVymS
— BloombergQuint (@BloombergQuint) March 20, 2018
How long will Mumbai's real estate sector take to revive?https://t.co/rtX6vkkQ49 pic.twitter.com/Gn7fRzHQxT
— BloombergQuint (@BloombergQuint) March 19, 2018
Bear market for bonds seen by Bill Gross, Ray Dalio is so near, yet so far.https://t.co/FsH0UTe2jg pic.twitter.com/MIkW56x3gw
— BloombergQuint (@BloombergQuint) March 19, 2018
Sintercom India:
Essar Steel re-bidding issue may be taken up on Wednesday.https://t.co/wP33ch4ZsT pic.twitter.com/obecXfnLzA
— BloombergQuint (@BloombergQuint) March 19, 2018
Binani Cement lenders aren't pleased with UltraTech's side deal with promoter.https://t.co/nkD5FVrY7n pic.twitter.com/H4lfZA2N5r
— BloombergQuint (@BloombergQuint) March 20, 2018
A battle for big data is brewing in the oil patch.https://t.co/FmrhTVzdVz pic.twitter.com/yUtlVMDM2X
— BloombergQuint (@BloombergQuint) March 19, 2018
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