The Singapore traded SGX Nifty, an early indicator of Nifty's performance in India, fell 0.44 percent to 9,247.
Your Thursday morning briefing.https://t.co/e8Ql9bedZ5 pic.twitter.com/MdPSQC0tQM
Here are the stocks to watch out for in today's session:
Jindal Steel & Power
- Steel production grew 12.3 percent sequentially to 1.3 million tonnes in the fourth quarter
- Steel sales grew 11.2 percent sequentially, to 1.34 million tonnes in Q4
- Recorded highest ever production and sales of over 4.8 million tonnes
Jindal Steel & Power says output, sales hit record in FY17.https://t.co/EsZwzvIUFv pic.twitter.com/cDfEiVuT3q
JSW Steel
- Approved issuance of senior unsecured notes worth $500 million
- Notes will be listed on Singapore Exchange Securities Trading Ltd.
- Moody's Investor Service and Fitch Ratings have rated the bonds Ba3 and BB respectively
Bears push Infosys futures bets higher before earnings, reports @SantanuChakra.https://t.co/OvGge7q3TE pic.twitter.com/CBzB6Y9RZI
Phoenix Mills
- Signs a definitive agreement with Canada Pension Plan Investment Board (CPPIB) to develop, own and operate retail-led mixed-use developments across India
- CPPIB to initially own 30 percent in Island Star Mall Developers Pvt. with an equity commitment of Rs 724 crore
- It will own up to 49 percent by investing Rs 1,600 crore going ahead
- Enterprise value of Island Star pegged at Rs 2,200 crore
- Phoenix Mills owns 100 percent stake in Island Star Mall Developers, which has a net-worth of Rs 281 crore and total assets worth Rs 842 crore
- Reliance Defence and Engineering: To hold board meeting on April 11 to approve and revalidate the rights issue of equity shares up to Rs 1,200 crore
- Gallant Ispat: Government may acquire the company's land if the proposed metro rail project declared by Gorakhpur Development Authority is approved
- Edelweiss Financial Services: Ecap Equities Ltd., a wholly-owned subsidiary of the company acquired 100 percent stake in Alternative Investment Market Advisors Pvt., a fintech company for fixed income analytics with innovative trade protocols
- Capital First: Approves non-convertible debentures worth Rs 500 crore
- Power Grid Corporation: Entered into a loan agreement with Asian Development Bank for an amount of $225 million for part funding of its transmission projects associated with Solar Power Parks.
- Chemfab Alkalis: NCLT approves scheme of amalgamation and arrangement with Teamec Chlorates
- Repco Home Finance: To raise Rs 272 crore via issue of NCDs
- IndusInd Bank: To raise funds via issue of NCDs aggregating to Rs 1,000 crore
- Brahmaputra Infrastructure: Receives orders worth Rs 44.80 crore from the government of Assam for construction of residential complex at Guwahati
Government allows duty-free import of 5 lakh tonnes raw sugar.https://t.co/YG92EsXt9W pic.twitter.com/j1F9WMvYtt
Media Reports
- Sugar Companies: Duty-free sugar imports to boost domestic supply and lift global prices (Economic Times)
- Adani Enterprises: Coal mine project in Australia granted water licence (Economic Times)
- SAIL: Local steel in infrastructure projects may become a must (PTI)
- Power Grid: Plans electric vehicle push with charging stations, batteries (Mint)
- Bajaj Finance: Lowers cap for fixed deposits, offers high returns (PTI)
- Ashapura Minechem: To allot 4,00,226 shares to Bennet Coleman and Coleman upon conversion of warrants (Bloomberg)
- Force Motors: Sales for March stood at 4,129 units, exports at 233 units. (Bloomberg)
Some analysts expect the RBI to introduce a new liquidity management tool, reports @dugalira.https://t.co/vWNUPq4ECI
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