Tuesday, September 15, 2020

Top Things To Know Today:

1. The Indian stock market is expected to open on a cautious note following global cues
2. Oil prices slipped slightly on Monday amid concerns
3. The Rupee recovered 6 paise to end 73.47 against the US dollar
4. Bank credit grows by 5.49%, deposits by 10.92%
5. India's retail inflation stood at 6.69% in August
6. EPF withdrawals during lockdown at nearly Rs 40,000 crore
7. Government has sought the Parliament's nod for additional cash expenditure of Rs 1.67 lakh crore

Stock Specific News:

1. ICIC Bank has got an exemption from paring stake in its life and non-life subsidiaries to 30 percent for a period of three years.
2. Indiabulls Housing Finance board has approved the closure of QIP issue and approved the issue price at Rs 196.37 per share.
3. SAIL reported a loss of Rs 1,226.5 crore in Q1FY21 as against a profit of Rs 102.7 crore.
4. Central Bank of India has reduced its marginal cost of funds-based lending rates (MCLR) by 5 bps across all tenors.
5. Mindspace Business Parks REIT will raise up to Rs 500 crore via NCDs.
6. PVR has reported a net loss of Rs 225.6 crore in Q1FY21 as against a profit of Rs 17.6 crore, YoY.