Sensex and Nifty are likely to open lower as most of the Asian stocks fell in the early trade on the mooted possibility of North Korea conducting another hydrogen bomb test, this time in the Pacific Ocean.
Sensex and Nifty are likely to open lower as most of the Asian stocks fell in the early trade on the mooted possibility of North Korea conducting another hydrogen bomb test, this time in the Pacific Ocean. Meanwhile, the early indicator of NSE Nifty 50 — SGX Nifty Futures — was trading down 0.45% at 10,095 points on the Singapore Stock Exchange.
NDTV: With its founders Prannoy Roy, Radhika Roy and promoter firm RRPR Holding Pvt Ltd facing a CBI probe for allegedly concealing a share transaction, NDTV is set to change hands, it is learnt. The Indian Express reported citing unidentified sources that Ajay Singh, co-founder and owner of SpiceJet who was part of the BJP’s 2014 poll campaign, has picked up majority holding in the news channel. When asked if NDTV has been sold to SpiceJet’s Ajay Singh, the source said, “Yes, the deal has been finalised and Ajay Singh will take control of NDTV along with editorial rights.”
Interglobe Aviation: IndiGo’s parent InterGlobe Aviation has raised nearly Rs 3,795 crore by selling shares to institutional investors, according to a regulatory filing. Four promoter entities of the company — Rakesh Gangwal, Shobha Gangwal, Asha Mukherjee and Chinkerpoo Family Trust — mopped up Rs 1,265 crore through the institutional placement of shares.
Yes Bank: Private lender Yes Bank has gone in for “rationalisation” of workforce to address certain “redundancies”, the company has said. according to reports, the bank has reduced its workforce by nearly 2,500 on account of digitisation and automation.
Reliance Industries: Newcomer Reliance Jio has approached Telecom Secretary Aruna Sundararajan for cancellation of the mobile tender for the North-East awarded to Bharti Airtel, alleging that it limits project deployment to only 2G services.
Power Finance Corporation: State-run Power Finance Corporation (PFC) has received shareholders’ approval to raise up to Rs 65,000 crore through issuance of securities on private placement basis.
Vedanta: Mining billionaire Anil Agarwal plans to purchase up to 1.5 billion pounds worth of additional stake in blue-chip British miner Anglo American Plc to become its largest shareholder with over 21 per cent holding, his family trust said.
ITI Ltd: Shares of the state-run telecom equipment manufacturer ITI Ltd hit upper circuit on Thursday after the company was declared as L1 (lowest bidder) by Ministry of Defence in a contract worth Rs 7,000 crore. ITI Ltd has been declared as L1 in “ASCON Phase IV Project” by Ministry of Defence for the contract value of Rs 7000 crores (approximately), company said in an exchange filing. Following the announcement, the stock of ITI rose as much as 20% to Rs 122.2 on BSE today.
Adani Power: Adani Power said its shareholders have approved a proposal to hive off its flagship Mundra power station to its subsidiary.
Bharti Airtel: India’s largest telecom operator Bharti Airtel said it has got shareholders’ approval for its scheme of amalgamation with Telenor India. Shareholders representing 99.98 per cent holding voted in favour of the resolution while a mere 0.02 per cent voted against it, according to a regulatory filing by Bharti Airtel.
Tata Motors: Tata Motors, which has an aggressive growth plan and playing on the pricing front, yesterday launched its much-awaited maiden compact SUV Nexon, with killer prices starting at Rs 5.85 lakh for the petrol variant and at Rs 6.85 lakh for diesel version (ex-showroom Delhi). The company, which for long has lost the market, has set an ambitious growth plan with a target of being in the top five players by 2020 has launched a slew of models since 2016, all playing on the price front.
Suzlon: The Suzlon Group said rating agency CARE has upgraded the credit rating of its arm SE Forge Ltd. “CARE has upgraded the credit rating of SE Forge Ltd (SEForge), a wholly-owned subsidiary of Suzlon Energy Ltd, to BBB+ from the earlier BBB,” the company said in a filing to the BSE.
SBI Life IPO: SBI Life Insurance Rs 8,400 crore IPO (initial public offer), a subsidiary of the country’s largest lender SBI, which opened on Wednesday got subscribed 57.44% at the end of day 2 of bidding. The initial share sale offer will remain open until 22 September.
Marking its weakest level in over two-and-a-half months, the rupee yesterday plummeted by a whopping 54 paise to end at 64.81 a dollar after the Federal Reserve left the door open for a rate hike in December.
Sensex and Nifty ended weaker on Thursday after falling in the late morning session led by the profit booking in the blue-chip shares such as ICICI Bank and Reliance Industries. BSE Sensex lost 30 points to settle at 32,370.04 points and NSE Nifty shaved off 19 points to finish at 10,121.9 points. The stocks of banks, media, real estate and FMCG posted worst decline today while pharma sector shares ended in green led by the rally in Dr Reddy’s, Cipla, Lupin, and Sun Pharma. The 30-share barometer Sensex lost 236 points in the intraday trade to mark a day’s low of 32,164.42 points.
U.S. stock indexes slipped on Thursday as investors braced for a third interest rate hike this year and the United States ordered new sanctions against North Korea. The S&P and the Dow snapped a run of record closing highs and Apple was the biggest drag on the three major indexes with a 1.7 percent drop on worries about demand for its latest smartphone. The Dow Jones Industrial Average fell 53.36 points, or 0.24 percent, to 22,359.23, the S&P 500 lost 7.64 points, or 0.30 percent, to 2,500.6 and the Nasdaq Composite dropped 33.35 points, or 0.52 percent, to 6,422.69.