Tuesday, September 29, 2020

6m | Sep 29, 2020

Top Things To Know Today Morning:

  1. The Indian stock market is expected to open flat.
  2. Oil slips as demand worries offset hopes for stimulus.
  3. Government keeps tight leash on expenditure.
  4. RBI postpones MPC meeting to next week.
  5. SEBI eases fund raising norms for REITs, InvITs.
  6. North Block is readying a draft Bill to amend the GST Compensation Act.
  7. Housing sales up 34% in July-September, unsold inventory marginally down: JLL
  8. RBI extends MSF facility for banks until March next year.

Stock Specific News:

  1. India Grid Trust has completed the acquisition of 74 percent in JKTPL and Techno Electric & Engineering Company.
  2. HDFC Asset Management Company has offloaded the entire 5.02 percent stake in Hexaware Technologies.
  3. Shalby board has approved to reduce promoters' shareholding in the company to 75 percent from 79.45 percent.
  4. Infosys' subsidiary EdgeVerve Systems has signed a partnership with Minit to help its clients accelerate process excellence.
  5. Moody's has downgraded IIFL Finance's CFR and senior secured debt rating to B2 from B1 and changed the outlook to Stable from 'rating under review'.
  6. Central Bank of India’s board has approved allotment of 16.58 crore shares aggregating to qualified institutional buyers.
  7. According to the transaction auditor Grant Thornton report, fraudulent transactions worth Rs 12,705.53 crore took place at DHFL during FY17 to FY19.
  8. Symphony has launched universal packaged air-coolers for industrial and commercial applications.
  9. Balaji Telefilms board has approved the liquidation of its subsidiary Chhayabani Balaji Entertainment.
  10. Anuh Pharma has received approval from WHO - Geneva Prequalification for Pyrimethamine API.
  11. UTI Asset Management Company, Mazagon Dock Shipbuilders and Likhita Infrastructure IPOs open for subscription today.
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