The Bombay Stock Exchange (BSE) logo is displayed outside the bourse’s lobby in Mumbai, India. (Photographer: Vivek Prakash/Bloomberg)
The Nifty futures on the Singapore Stock Exchange, an early indicator of Nifty's performance in India, gained 0.2 percent to 8,425.
Your Wednesday morning briefing. https://t.co/vkTCHK79Sa pic.twitter.com/WJE2eGvGNx
Here are the stocks to watch out for in today's session:
- State Bank of India: The nation's largest lender has hit the international debt market with a benchmark issue to raise around $500 million as part of its $10-billion medium-term notes programme.
- Hinduja Ventures: Company divests 6,11,47,056 equity shares of Hinduja Energy at an aggregate value of Rs 187.10 crore.
- Ideal Texbuild: Company enters into agreement with Rite Developers for development of residential flat in the name of Rite Luxuria.
- Mercator: Company set QIP issue price at Rs 40.75 after giving a discount of 4.79 percent.
- Orient Papers: Company's October production rose 2.2 percent compared to a month earlier while domestic sales decline about 12 percent in the same period.
- Indraprastha Gas: Company said no settlement reached with North Delhi Municipal Corp on Rs 800 crore dispute.
- Reliance Defence & Engineering: Company denied report of any interest in ABG Shipyard.
- Quess Corp: Shareholders approved issue of non-convertible debentures (NCDs) worth Rs 150 crore.
- Bharat Wire Ropes: Company has booked orders worth Rs 8 crore, with defence orders comprising nearly Rs 6.5 crore.
- Vijaya Bank: Lender raised Basel III compliant additional tier – I bond worth Rs 325 crore through private placements.
- Sadbhav Infrastructure Project: Company revised share purchase agreement related to Maharashtra Border Check Post Network.
- Tata Motors: N Chandrasekaran has been appointed as additional director and chairman of the board.
- Capital First: Company has raised Rs 500 crore by issue of NCDs on private placement.
Also Read: BSE Plans To Maintain Its Dividend Payouts After IPO
Media Reports
United Spirits
- Diageo Plc is considering increasing its majority stake in United Spirits
- Diageo has a 55 percent stake in United Spirits, which has a market value of about $4.5 billion
(Bloomberg)
Britannia Industries
- Company trying to reinvigorate Tiger brand
- Eyes breakfast and premium segments
(Mint)
- Steel Authority of India: Government will not go in for "distress sale" of three SAIL subsidiaries and rather look for a management that will turn around the units. (PTI)
- Tata Power: Tata Power has told holding company Tata Sons that due process was followed in the award of contracts to M Pallonji & Co, rebutting allegations made in an affidavit filed by Cyrus Mistry's investment firms. (Economic Times)
- Bharti Airtel: Telecom tower companies such as American Tower Corp and Bharti Infratel are exploring investments in fibre optic networks and small cells to create additional revenue opportunities. (Economic Times)
- Jain Irrigation Systems: London-based metals and mining company Vedanta Resources and micro-irrigation company Jain Irrigation are raising about $1 billion via dollar bonds. (Economic Times)
- Cairn India: Company will have to give the government an additional 10 percent share in profit petroleum after the renewal of its contract for Rajasthan oil and gas field. (Economic Times)
- Cadila Healthcare: Company set to buy California-based speciality pharma firm Sentynl Therapeutics for $171 million. (Economic Times)
- SpiceJet, Jet Airways: Domestic air passenger traffic rose nearly 24 percent in December 2016 to 95.52 lakh from 77.09 lakh a year ago. (PTI)
- Public Sector Banks: Hit by demonetisation and mounting bad loans, some public sector banks may skip paying dividend which will have implications for government receipts in the current financial. (PTI)
- Hindustan Zinc: India is seeking a dividend of up to $2.2 billion from partly state-owned Hindustan Zinc. (Reuters)
- Radico Khaitan, United Breweries: Bihar decides to shut down liquor factories. (Business Standard)
- Oil & Natural Gas Corp: State-owned ONGC expects to scale peak output of about 5 million standard cubic meters per day from its Vashishta gas field in KG basin by July this year. (PTI)
- Idea Cellular, Bharti Airtel: Telecom service provider Vodafone announced up to four times more data for 4G customers buying 1 GB and 10 GB packs. (PTI)
Also Read: Richest 1% Own 58% Of Total Wealth In India: Oxfam
IPO Watch
Madhav Copper
- Company's IPO opens on January 23
- IPO priced at Rs 81 per share; to raise Rs 4.48 crore
Earnings Watch
- Agro Tech Foods
- Hindustan Oil Exploration
- Hindustan Media Ventures
- Hatsun Agro Product
- International Paper APPM
- Muthoot Capital Services
- Kirloskar Industries
- KPIT Technologies
- Sasken Communication Technologies
- Phillips Carbon Black
- Repro India
- Sterlite Technologies
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