Monday, September 28, 2020

5m | Sep 28, 2020

Top Things To Know Today Morning:

  1. The Indian stock market is expected to open in the green.
  2. Oil edges lower as rising virus cases cloud demand recovery outlook.
  3. RBI is likely to keep interest rates unchanged.
  4. Centre violates GST compensation law, says CAG report.
  5. India's economy to experience record contraction in 2020-21: S&P
  6. India's crude steel output falls over 4% to 8.48 MT in August.
  7. India's forex reserves up by $3.378 billion to record $545.038 billion.

Stock Specific News:

  1. Harley Davidson and Hero MotoCorp are likely to sign a distribution partnership in the coming days, said sources.
  2. JSW Solar has received a Letter of Award for total blended wind capacity of 810 MW.
  3. Central Bank of India closed its QIP by raising Rs 255 crore, sets issue price at Rs 15.38 per share.
  4. CEAT board has approved raising up to Rs 250 crore via NCDs.
  5. SBI Funds Management has increased stake in Cummins India to 7 percent.
  6. Ajanta Pharma's promoter Aayush M Agrawal has created a pledge on 30,000 shares.
  7. Lakshmi Vilas Bank said that its Liquidity Coverage Ratio is currently at 262% as compared to a minimum 100% required by the RBI.
  8. Reliance Retail gets subscription amount of Rs 7,500 crore from Silver Lake for 1.75% stake.
  9. NALCO has signed an agreement with Numaligarh refinery for long-term supply of CP Coke to ensure raw material security.
  10. Thomas Cook has withdrawn the proposal of share buyback due to Covid-19.
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