The Markets are expected to open marginally higher today as trend in Gift nifty - ARETE Securities
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Market Updates
The Markets are expected to open marginally higher today as trend in GIFT nifty indicate a positive start for the broader index after Nifty closed 36 points lower at 20,901 on Thursday.
UPL:
The company incorporated a step?down subsidiary, Advanta Seeds Zambia, in Zambia for carrying out seeds and related business.
Jindal Saw:
The board will consider fundraising at a meeting on Dec. 14.
TVS Electronics:
The company received an order from the office of the Commissioner of Customs on Dec. 6 to pay Rs 35.58 crore. It is the process of filing an appeal before the CESTAT, Chennai.
Green Panel:
The company resumed operations at its Andhra Pradesh factory w.e.f. Dec. 6 It estimates a loss caused by Cyclone Michaung of Rs 3 5 crore
Shriram Finance:
The company signed an agreement with SIDBI for co?lending to MSMEs.
Olectra Greentech:
The company received a letter of award from Vasai Virar City Municipal Corp., Mumbai for the supply and maintenance of 40 electric buses.
Rate sensitive stocks:
The RBI will announce the decision at its Monetary Policy Committee meeting on Friday. Banking and finance, auto, housing and real estate stocks will be in focus.
IIFL Securities:
The Securities Appellate Tribunal has set aside SEBI’s order prohibiting the company from onboarding new clients for two years and reduced the monetary penalty from Rs 1 crore to Rs 20 lakh.
Zomato:
Softbank's SVK Growth plans to sell a 1.1% stake in the food delivery company at Rs 120.5 apiece, Bloomberg reported.
Bharat Forge:
The company's unit, Kalyani Strategic Systems, proposed to acquire a majority stake in Zorya Mashproekt India. ZMI is engaged in the development of indigenous capabilities for build?ups, repairs, and overhauls of all types of gas turbine engines.
Please refer disclaimer at http://www.aretesecurities.com/
SEBI Regn. No.: INM000012740
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