Scan to Download
A consortium including investment firm Trinity White City Ventures is planning to aggressively expand Hotel Leelaventure Ltd. if its bid for the Indian hospitality firm is successful, Bloomberg reported.
The investor group plans to expand Hotel Leelaventure’s business in India, Asia and other parts of the world after fixing its immediate financial issues, according to a letter to the company and its creditors obtained by Bloomberg. The consortium, which is also backed by Thailand’s Minor International Pcl, has earmarked $100 million for growing the Mumbai-based hotel chain, the letter shows.
Shares of Jet Airways rose as much as 8.9 percent to Rs 319.80.
The company’s founder and promoter Naresh Goyal has agreed to sell the controlling stake, CNBC-TV18 reported quoting sources.
Trading volume was 1.9 times its 30-day average, Bloomberg data showed. The stock fell 62.7 percent so far this year, compared to a 6.2 percent advance in the Sensex.
The government does not expect to overshoot the budget estimate for expenditure, says an official.
— BloombergQuint (@BloombergQuint) November 28, 2018
Read: https://t.co/Kq5mz6JlaS pic.twitter.com/ItpRSP2aAz
India's Fallen Angel Yes Bank Drops by Record in Bond Market
TTK Prestige
Firstsource Solutions
Aavas Financiers
REC
Nifty’s 10,700 put option contract was among the most active option contracts on National Stock Exchange.
Premium on the contract fell 53.65 percent to Rs 24.45. Over 22.64 lakh shares were added to the open interest which stood at over 35.30 lakh shares.
Yes Bank Ltd. said that the resignations from the board have no impact on the CEO selection process and that the process is on track as per the timeline, according to its stock exchange filing.
"The Nomination and Remuneration Committee and the board will consider proposals for appointment of independent directors and also recommend the name(s) of the new chairman for the approval of RBI on December 13," the lender said.
Shares of the technology solutions provider rose as much as 11.4 percent to Rs 97.
The company's unit won two key contracts worth $20 million, according to its stock exchange filing. The first contract is with a Global OEM for a design to build test equipment and maintenance of strategic systems. The other contract is for building subsystems of the full motion simulator.
The trading volume more than six times its 20-day average, Bloomberg data showed.
Arvind will split into 3 different entities effective today. @YatinMota gets you all the details. pic.twitter.com/LP19y2SuGh
— BloombergQuint (@BloombergQuint) November 28, 2018
Shares of Gruh Finance rose as much as 2.3 percent to Rs 284.45.
About 12.2 lakh shares changed hands in a block deal on National Stock Exchange, according to Bloomberg data. Buyers and sellers were not known immediately.
The stock fell 4.4 percent in the last five days and advanced 2.2 percent in the past 30 days, according to Bloomberg data.
Shares of Vadilal Enterprises were locked in the lower circuit of 5 percent at Rs 855 after the company reported a loss in September quarter compared to the year-ago period's profit.
Key earnings highlights (Q2, YoY)
Moody’s Downgrades Yes Bank On Corporate Governance Concerns
#BQMarketsNow | 10-Year bond yield at a near seven month low following RBI’s announcement on bond purchases for December.
— BloombergQuint (@BloombergQuint) November 28, 2018
Read: https://t.co/WV835fPbe7 pic.twitter.com/SLqAK0ZHKO
CLSA on Astral Poly
UBS on Yes Bank
Citi on India Commercial Vehicles
Century Textiles & Industries
London Metal Exchange:
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
