Shenzhen Stock Exchange at Shenzhen, China (Photographer: Lucas Schifres/Bloomberg News)
The Nifty Futures on the Singapore Exchange, an early indicator of Nifty's performance in India, gained 0.8 percent to 8,057.
Your Wednesday morning briefing
Read| https://t.co/jqVSV4jLOs pic.twitter.com/Z2HRfT0dBaHere are the stocks to watch out for in today's session:
- Ind-Swift Laboratories: Approaches National Company Law Tribunal, Chandigarh, bench seeking further time for fixed deposits.
- Sun Pharma: To acquire Russia-based Biosintez for $60 million.
- More from Sun Pharma: CFO Uday Baldota to resign. Will be appointed CEO of subsidiary Taro Pharmaceuticals.
- Ultratech, Ambuja Cements: COMPAT grants stay on penalty order imposed by Competition Commission of India with the deposit of 10 percent of the penalty within a month.
- Tata Chemicals: To pass ordinary resolution at the Extraordinary General Meeting to be held on December 23 to remove Cyrus Mistry and Nusli Wadia as directors and to appoint Bhaskar Bhat and S Padmanabhan as directors.
Also Read: It's One Man's Ego Versus An Institution, Says Mistry Of Tata
- Tata Power: Receives a request from Tata Sons to convene an EGM for the removal of Cyrus Mistry as director.
- V2 Retail: Allots 1 million each shares to Vivek Lodha, Naresh Kumar Bhargava (non-promoter) and Ricon Commodities Pvt. Ltd., (Promoter) at Rs 75 per share.
- Jindal Stainless: Mining division remains with the company.
- Jindal Stainless (Hisar): Proposes to restart the Ferro Alloy unit in Andhra Pradesh from November 29. Unit was closed since September 13.
- Sirpur Paper Mills: Company claims IDBI Bank did not follow prescribed rules before taking physical possession of company properties.
- Sphere Global Services: Incorporates subsidiary in UAE named Sphere Global Services FZ LLC to conduct IT consultancy.
- Gujarat Industries Power Project Company: Commissions two more wind power turbine generators of 2.1 MW each.
- Bharti Airtel: Successfully completed acquisition of 20 MHz of spectrum in 2,300 MHz band from Aircel in Andhra Pradesh.
- Infibeam Incorporation: To establish unique & verified digital identity platform on the .ooo domain with authorised and secured digital wallets for Sikkim state.
- Rashtriya Chemicals and Fertilizers: Issued commercial paper of Rs 100 crore in favour of HDFC Bank Ltd.
- A2Z Infra Engineering: Company's subsidiary A2Z Green Waste Management Ltd. has agreed with one of its lenders for a settlement of its various debt obligation aggregating to Rs 416.18 crore.
- Wipro: Cited as a leader in B2C mobile services providers by independent research firm Forrester Research Inc.
- Ushdev International: Board of Directors approve sub-division of shares in the ratio 1:10.
- EIH: To de-list its global depository receipts (GDR) from the London Stock Exchange.
- J Kumar Infraprojects: Leases 82,000 sq. ft. office space in Mumbai.
- Future Retail: Big Bazaar to let customers withdraw cash at its stores
Media Reports
- Tata Motors: Cyrus Mistry's office says JLR at a critical juncture and dependence on TCS repeatedly flagged off to Tata. (Bloomberg)
- Wockhardt: CP Pharma get a warning letter from FDA. (Bloomberg)
- Britannia: Launches R&D centre in Bengaluru. (PTI)
- ErosNow: Inks distribution deal with Vodafone. (PTI)
- Reliance Communications: Supreme Court dismisses Income Tax department's plea to tax company's FCCB proceeds. (Economic Times)
- Vedanta: To raise Rs 3,000 crore via NCDs.
- Reliance Communications: Takes on Jio with unlimited calls. (Mint)
- GMR Enterprises: Holding company of GMR group in talks to raise Rs 300 crore in structured debt. VTB Capital of Russia may fund half the amount. (Mint)
- TCS: Cyrus Mistry says Ratan Tata wanted to sell company to IBM. (Mint)
- Tata Teleservices (Maharashtra): DoT pulled up for front-loaded subsidy to Tata Teleservices. (Financial Express)
- Reliance Industries: Comptroller and Auditor General says Reliance Ports & Terminals got irregular tax benefits of Rs 1,767 crore. (Financial Express)
- BGR Energy: Bags Rs 2,789 crore order from NLC India for its thermal power plants in Uttar Pradesh. (Financial Express)
Earnings Reactions To Watch
- Larsen & Toubro
- Emco
- Jindal Stainless (Hisar)
- Siti Networks
- Indraprastha Medical Corporation
- JBF Industries
Earnings To Watch Today
- Aries Agro
- Bannari Amman Sugars
- Orient Green Power Company
- Net 4 India
- Jindal Stainless
- Lloyd Electric & Engineering
- Siemens
- PC Jeweller
- Peninsula Land
- Solar Industries India
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