Signage for the Bombay Stock Exchange (BSE) is displayed next to a bronze bull statue at the entrance to the BSE building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
The Nifty futures on the Singapore Stock Exchange, an early indicator of Nifty's performance in India, was up 0.17 percent at 8,262.
Your Tuesday morning briefing. https://t.co/68sxyszbj7 pic.twitter.com/eXBnu9NmaD
January 10, 2017Here are the stocks to watch out for in today's sessions:
Ajanta Pharma
- Gets U.S. FDA approval for antidepressant drug Duloxetine
- The company will be launching the product shortly in 3 strengths capsules: 20 mg, 30 mg and 60 mg.
Max Ventures & Industries
- Analjit Singh-promoted Max Ventures decided to sell a 22.51 percent stake for Rs 121 crore to a subsidiary of New York Life, the largest U.S. mutual life insurance company.
- The board of Max Ventures approved the stake sale through a preferential allotment of fresh shares.
- Jagran Prakashan: Company seeking shareholders' approval to buy back 1,55,00,000 equity shares for Rs 195 each.
- Valecha Engineering: The infrastructure firm gets order worth Rs 56.71 crore for widening of bridge over Mithi River in Mumbai.
- Reliance Capital: Company to issue NCDs worth Rs 3 crore with an option to retain oversubscription up to Rs 3 crore.
- Engineers India: Company gets order worth more than Rs 2,500 crore from Hindustan Petroleum for modernisation of Vizag refinery
- Eros International Media: Company receive shareholders' approval for issue of NCDs by way of public or private placement.
- Burnpur Cement: Company blames note ban for inability to repay loans
- NIIT Technologies: Company appoints Adrian Morgan as the head of NIIT Insurance Technologies and Joel Lindsey as global head of digital services.
- Shree Rama Newsprint: Company allotted 2,91,72,900 equity shares to ICICI Bank on conversion of debentures. Promoter stake will reduce to 60 percent from current 74.72 percent, according to BloombergQuint's calculations.
- Future Consumer: The supermarket operator approved issue of non-convertible debentures (NCDs) on private placement basis.
- SREI Infrastructure Finance: Unit SREI Equipment Finances' NCD issue of Rs 500 crore was subscribed more than 1.12 times till the closure of the issue on January 6.
Also Read: Air India ranked third-worst performing airline in the world
Media Reports
Piramal Enterprises, Shriram Capital
- Piramal Enterprises (PEL) Chairman Ajay Piramal may consolidate his control in Shriram Capital
- A hike in Piramal shareholding could pave way for the merger of Shriram Capital with the financial services business of PEL
- Rajesh Laddha, the chief financial officer of Piramal group, looks set to take charge as Shriram Capital CEO soon
(Economic Times)
Fortis Healthcare
- Private equity fund Bain Capital has started talks to buy a significant minority stake in Fortis Healthcare
- Apart from Bain, three more global PE giants—KKR, TPG and another contender whose identity is not known—are in the fray.
(Mint)
- Multi Commodity Exchange of India: Traders and exchanges have urged Finance Minister Arun Jaitley to scrap the commodities transaction tax and allow eligible participants and instruments to deepen the futures markets. (Business Standard)
- Hero MotoCorp: Rockman Industries, the auto-components arm of the Hero Group, has acquired a majority stake in Moldex Composites, a Gujarat-based British-Indian design and manufacturing company. (Economic Times)
- ONGC: Gujarat State Petroleum Corp will buy entire output at a predetermined price from the KG Basin gas field that it has agreed to sell to ONGC for $1 billion. (Economic Times)
- Telecom companies: The Department of Telecom will meet telecom operators once again this quarter for a status check on call drops. (PTI)
- Bank of Baroda: State-run lender reduced home loan rates by 70 basis points to the industry's lowest level of 8.35 percent that will be applicable for customers having a strong Cibil scores. (PTI)
- Allahabad Bank: Public sector lender slashed its benchmark lending rate by 0.85 percent in line with market competition. (PTI)
Also Read: Consumers, Petrol Pumps To Not Bear Card Transaction Charge
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
