Wednesday, September 16, 2020

Top Things To Know Today:

1. The Indian stock market is expected to open flat following mixed Asian cues.
2. Oil gains as hurricane shuts U.S. output, stockpiles fall.
3. Penalty on non-collection of margins to resume today.
4. No insolvency proceeding for Covid-related default, Sitharaman places Bill in Rajya Sabha.
5. LTCG exemption, lower tax for domestic investors to boost startup ecosystem.
6. RBI issues draft rupee interest rate derivatives.
7. India's August exports fall 12.66%, imports contract 26%; trade deficit narrows to $6.77 billion
8. Multiplex association appeals to govt to reopen cinemas.

Stock Specific News:

1. US-based Essential Utilities has selected Infosys as a strategic partner to drive its digital transformation.
2. Bharti Airtel has partnered with Sterlite Technologies to build a modern optical fibre network for Airtel across 10 telecom circles.
3. Lakshmi Vilas Bank has completed mutual due diligence on merger with Clix Capital Deal and both the parties are in discussions on the next steps.
4. SpiceJet has reported a loss of Rs 600.5 crore in Q1FY21 as against a profit of Rs 262.8 crore, YoY.
5. REC will infuse Rs 150 crore as equity in a Joint Venture along with PFC, PGC and NTPC.
6. Reliance Industries market capitalisation now bigger than all PSUs put together.