The Singapore traded SGX Nifty, an early indicator of Nifty's performance in India, fell 0.2 percent to 9,153.
Your Monday morning briefing.https://t.co/RC9nPgXAvE pic.twitter.com/vwyqZqWv8Q
Here are the stocks to watch out for in today's session:
NTPC
- Commences operations in the 195 MW Kanti Thermal Power Station's Unit 1
- Also commenced 25 MW of Bhadla Solar Power Project
- Commercial capacity of NTPC now stands at 47,033 MW
- Installed capacity of NTPC on a standalone basis is 41,4247 MW
Sensex will climb almost 8 percent to 32,000 by the end of December, according to a Bloomberg poll. https://t.co/9a8KAj9AGu pic.twitter.com/cgnzZoBubz
Ajanta Phrama
- Board of Directors approve amalgamation of Gabs Investments Pvt. Ltd.
- Amalgamation to be done in the consideration of 83,92,262 shares of Ajanta Pharma Ltd.
- Promoter shareholding to remain unchanged post amalgamation
- Gabs had a revenue of Rs 11.88 crore for the year ended March 31, 2016
Marico
- To acquire 45 percent stake in Zed Lifestyle, a male grooming brand
- To complete acquisition by 2019
Welspun India
- Forays into new technologies in its technical textile business
- Commences operations at the state-of-the-art Needle Entangled Advance Textile plant in Anjar
- The Rs 150 crore facility can manufacture multi-layer composites for various applications
- Also invested Rs 100 crore to set up a state-of the-art fully automated cut and sew unit in the made-ups segment
Billionaire Adani aims to begin mining Australian coal in 2020.https://t.co/wD63NSvqnw pic.twitter.com/1oOMKvJC0g
- Allahabad Bank: Raises Rs 300 crore via private placement of AT-1 bonds with an additional green shoe option of Rs 100 crore at an annual coupon rate of 11.15 per annum.
- Dena Bank: Government of India makes a capital allocation of Rs 600 crore as a part of its turnaround linked infusion plan. Board has also approved raising of capital of the bank through issue of equity shares to the Government of India
- GTL Infra: Gets shareholder approval to issue shares to secured lenders and restructure existing FCCBs issued by the company. Post this, the company would merge itself with Chennai Network Infra.
- Indiabulls Real Estate: To issue debentures via private placement method for a tenor of 13 months on March 22, 2017.
- Havells India: To issue commercial paper to Yes Bank for Rs 150 crore at a coupon rate of 6.40 percent for a period of 88 days
- Future Lifestyle: Incorporates wholly-owned subsidiary FLFL Lifestyle Brands for an authorised capital of Rs 5 lakh.
- Adani Power: Allots 2.14 crore equity shares of Rs 10 each upon partial conversion of the convertible warrants as earlier issued and allotted on a preferential basis to Promoter Group. Promoter shareholding to increase to 67.75 percent of the enhanced paid up capital.
- Apar Industries: Templeton Strategic Emerging Market Fund III LDC sells 36,36,363 shares or 9.44 percent equity stake at Rs 706.65.
- Punj Lloyd: Vanguard Public Funds Ltd. Co. sells 26,67,971 shares or 0.8 percent of eqity at Rs 20.3.
Posco offers to return land to Odisha governmenthttps://t.co/IdQRJQkSN7 pic.twitter.com/xj4fFSMvdL
Media Reports
- Kotak Mahindra Bank: Seeks nod to raise foreign investment limit. (Business Standard)
- SAIL: To resolve differences with ArcelorMittal before May. (Business Standard)
- ONGC: Set to invest Rs 30,000 crore in FY18. (Financial Express)
- ITC: Shareholders approve plans to enter healthcare business. (Financial Express)
- Kotak Mahindra Bank: Oman India Joint Investment fund sells its entire stake in Kotak Mahindra Bank for over Rs 120 crore. (Mint)
- Idea Cellular: Vodafone CEO arrives in Mumbai this week to sort key issues related to the merger and to bolster staff morale. (Economic Times)
- Reliance Industries: To spend a further Rs 2,500 crore to scale up its retail operations. (Business Standard)
- Ashok Leyland: Plans to set up a facility in Jharkhand. (Business Standard)
- United Bank of India: Gets capital infusion of Rs 418 crore. (Hindu Business Line)
ONGC will also have to pay for the entire development cost of the six discoveries.https://t.co/eKHPvo7L5J
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