UTI Asset Management Co. has clarified a news item that claimed Tata Group was in the final negotiation stage to buy a majority stake in the company.
In an exchange filing, the company said that it "is not part of any such negotiation".
The company also said that it has not taken any decision on the transaction as mentioned in the news item.
Source: Exchange filing
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The broader market indices; S&P BSE MidCap was up by 0.27%, whereas S&P BSE SmallCap was higher by 0.36%.
Eighteen out of the 20 indices compiled by the BSE advances in trade, while only S&P BSE Information Technology and S&P BSE Techk declined.
The market breadth was skewed in favour of the bulls. About 2,041 rose, 1,424 declined, and 180 remained unchanged on the BSE.
The broader market indices; S&P BSE MidCap was down by 0.30%, whereas S&P BSE SmallCap was lower by 0.02%.
Twelve out of the 20 indices compiled by the BSE declined in trade, while eight advanced.
The market breadth was skewed in favour of the bulls. About 1,631 rose, 1,112 declined, and 163 remained unchanged on the BSE.
The yield on the 10-year bond opened flat on Monday as it rose 0.9 bps to 7.287%.
It closed at 7.278% on Friday.
Source: Bloomberg
The Indian rupee gained against the U.S. dollar at open, on Monday.
The local currency opened at 82.80, about 7 paise or 0.09% higher.
It closed at 82.87 on Friday.
Source: Bloomberg
Secures orders for transmission & distribution projects in India, East Asia Pacific and SAARC.
220 kV GIS substation for a refinery project in India; 500 kV transmission line in Thailand; 132 kV transmission line and associated substations in Nepal.
Secures a large order for a 500 MW Solar PV project in India.
Source: Exchange filing
The S&P BSE Sensex Index has added Tata Motors Ltd. as the replacement of Dr. Reddy’s Laboratories effective Monday, Dec. 19.
According to a statement by Asia Index Pvt., a joint venture between S&P Dow Jones Indices LLC and BSE Ltd. dated Nov 18, generic drugmaker Dr. Reddy’s Laboratories exclusion from the S&P BSE Sensex Index was notified.
The reshuffle also encompasses changes in S&P BSE 100 and S&P BSE Sensex Next 50 indices.
Both S&P BSE 100 and S&P BSE Sensex Next 50 indices will exclude Adani Total Gas and Hindustan Petroleum, while Adani Power and Indian Hotels will be included.
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