Friday, September 18, 2020

Top Things To Know Today Morning:

1. The Indian stock market is expected to open flat
2. Brent oil futures extended their gains to trade up 2.3 percent at $43.21 a barrel
3. RBI announces OMO purchase of government securities worth Rs 10,000 crore
4. Directorate General of Trade on anti-dumping duty
5. Bank of England eyes negative interest rates
6. Japan's August consumer prices fall at fastest pace in four years
7. Gold falls after US Fed dampens hopes for more stimulus
8. SEBI says same-day NAV can be availed only after funds realised
9. SBI ATM cash withdrawal new rules from today

Stock Specific News:

1. The government has permitted FDI of up to 74 percent under automatic route in the defence sector.
2. Vodafone Idea has told the telecom regulator that it is dropping the contentious faster data speed claim as part of priority offering and is in the process of filing a revised plan.
3. Vedanta Resources has approached the market regulator Sebi for necessary approvals to start the reverse book building process for the delisting of Vedanta Ltd.
4. Dr Reddy's Laboratories has settled patent litigation for Revlimid with Celgene, a Bristol Myers Squibb Company, which allowed the company to sell Lenalidomide in the US post March 2022.
5. Hindustan Zinc has proposed to raise up to Rs 4,000 crore via debentures.
6. Sterling and Wilson Solar has received an order worth Rs 460 crore in Chile.
7. EIH has set rights share issue price at Rs 65 per share. Shareholders will receive eight rights shares for every 85 shares held.