Stock Market LIVE: Nifty Above 25,100, Sensex Rises; Bajaj Finance Hits New High

ICICI Prudential approved to issue non-convertible debentures worth Rs 1,200 crore. It appointed Navin Tahilyani and Samit Upadhyay as non-executive directors with effect from Sept 13.

Avanti Feeds approved incorporation of Netherlands-based arm. It will sell four windmills after 20 years from installation to supply power to Karnataka Government. Windmills to have an aggregate capacity of 3.2 megwatt.

• Bigger positive will be on job creations in small and medium enterprises.

• Focus will come back on textiles, jewellery and apparel which faced a bigger hit on tariffs

• More clarity on the innovation fund is awaited

Source: Vijay Shankar, Sanmar Group

Texmaco Rail & Engineering Ltd. received Rs 129 crore order for commissioning traction over-head equipment from Rail Vikas Nigam Ltd., the company said in the exchange filing.

• In case of some products the benefits of GST rate cut will get pass on immediately, and for other products it will take three-to-four weeks more.

• FMCG companies are working very hard to pass on the benefits to the consumer

• For smaller packs, changing price point is not visible or viable. From industry perspective, increasing the weight and content can be a solution.

Source: Harsha Vardhan, president, FICCI at NDTV Profit