The Nifty futures on the Singapore Stock Exchange, an early indicator of Nifty's performance in India, fell 0.35 percent to 8,156.
Your Monday morning briefing. https://t.co/VPYZWaOIpF pic.twitter.com/sWo8JugBRI
January 2, 2017Here are the stocks to watch out for in today's session:
- HPCL/BPCL/IOC: Petrol prices increased by Rs 1.29 per litre while that of diesel increased by Rs 0.97 per litre.
- Infosys: Company's General Counsel and Chief Compliance Officer, David Kennedy quit with effect from December 31, 2016. Kennedy will receive $868,250 plus reimbursements for insurance continuation coverage over a period of twelve months.
- Eicher Motors: Motorcycle sales up 42 percent to 57,398 units in December compared to last year.
- Maruti Suzuki India: December sales fall 1 percent year-on-year. Third quarter sales rise 3.5 percent despite demonetisation.
Also Read: Eicher Motors, Maruti Suzuki Ignore Demonetisation Blues In Third Quarter
Domestic investors decided to check in, while foreign investors checked out in 2016. https://t.co/OpDosEywgT pic.twitter.com/3HaybCZqIg
January 1, 2017
- IL&FS Engineering: Gets Rs 242 crore road contract in Karnataka.
- Transformers & Rectifiers: Gets order worth Rs 92 lakh from Gujarat Energy Transmission Corp Ltd.
- Merck: Company gets demand notice from National Pharmaceutical Pricing Authority (NPPA) demanding a sum of Rs 11.68 crore plus interest of Rs 15.78 crore for alleged overcharging of price of the formulation, Polybion L 100 ML syrup.
- State Bank of India: Reduces marginal cost of funds based lending rate by 90 basis points to 8 percent.
- Punjab National Bank: Reduces MCLR by 70 basis points to 8.20 percent.
- Union Bank: Cuts MCLR by 65 basis points to 8.65 percent.
- Shilpi Cables: Board approves acquisition of 100 percent stake in UAE-based Gulf Aglow LED, a maker of lighting products, for an disclosed amount.
- Premier Explosives: Gets order worth Rs 33.2 crore from Ministry of Defence for supply of chaffs and flares.
- Lakshmi Vilas Bank: Lender approves issue of 1.19 crore equity shares at a price of Rs 140 per share to raise as much as Rs 168 crore.
Media Reports
- ONGC: Company's acquisition of 80 percent stake in GSPC will be without a debt takeover. (Business Standard)
- L&T Construction: As many as five developers, including that of L&T Construction have sought the government's nod to set up new special economic zones in the country. (PTI)
- Bombay Dyeing & Manufacturing: Bed and bath linen retailer signed an agreement for sale of land, building and some machinery of Ranjangaon unit at an aggregate value of Rs 174.45 crore. Will also sell a flat in Prabhadevi in Mumbai for Rs 9.4 crore. (PTI)
- Coal India: Allocates 30 percent less coal under spot e-auction. (Economic Times)
- Bharti Infratel/Reliance Communications: Tower companies seek clarity on ‘Right of Way' policy. (Economic Times)
- Jet Airways/SpiceJet/Interglobe Aviation: Jet fuel price hiked by 8.6 percent. (PTI)
Ratan Tata's New Year's letter to his employees.https://t.co/nJ4maDmtM9 pic.twitter.com/YdHj1acQju
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