Today's Stock News - 30.10.2019: 09.00 Am
KEEP REFRESH FOR NEXT UPDATE
தினமும் வீட்டில் இருந்து பணம் சம்பாதியுங்கள் Click Here :- Register for Free Training
Whatsapp Number : 91-9094047040 / 91-9841986753
RUPEEDESK - SHARE MARKET TRAINING
* AUTHUM INVESTMENT & INFRASTRUCTURE: Promoters Vidisa Textile and Realstep Vinimay sold 1.5% and 2.6% stake, respectively, in the company at 28.95 rupees per share through a bulk deal on BSE.
* BANDHAN BANK: The Reserve Bank of India has imposed a penalty of 10 mln rupees on the bank for its failure to reduce promoter stake to 40%.
* BHARTI AIRTEL: Revenue from domestic mobile services rose 0.8% sequentially to 108.12 bln rupees in Jul-Sep. Average revenue per user from India mobile services was at 128 rupees during the quarter.
- A panel of secretaries will take stock of financial stress in the debt-laden telecom sector and suggest
steps to provide relief to carriers such as VODAFONE IDEA and the company that are facing an over 800-blnrupee payout in additional statutory dues after the Supreme Court order on adjusted gross revenue.
* CENTRAL BANK OF INDIA: The capital raising committee of the board of directors of the lender has set 21.17 rupees apiece issue price for share issue to the government.
* GMR INFRASTRUCTURE: The Tata Group has agreed to reduce the stake it had proposed to acquire in GMR Airports to about 15% from the previously announced 20%, which will likely allow the GMR Group- Tata deal to sail through.
- GMR Group has reworked its proposed 80-bln-rupee investment in its airport business by restricting
Tata Sons' effective shareholding in Delhi International Airport to 10%.
* HDFC LIFE INSURANCE CO: Co-promoter Standard Life of UK is set to sell nearly 5% in the company for about 57 bln rupees through block deals on the bourses today.
* INTERGLOBE AVIATION: Directorate General of Civil Aviation has ordered the company-run IndiGo to make engine changes to 16 Airbus A320neo aircraft within 15 days, failing which would lead to grounding of the aircraft, the regulator's Director General Arun Kumar said.
- Has placed an order for 300 aircraft with Airbus, from the A320neo family, the company said. This
order includes a mix of A320neo, A321neo and A321XLR aircraft, and will take the airline's total order for A320neo variants to 730.
* LAKSHMI VILAS BANK: Capri Global Holdings has raised its holding in the bank as it bought 0.7% stake or 2.5 mln shares of the lender through a bulk deal at 14.05 rupees apiece on the National Stock Exchange.
* LEMON TREE HOTELS: The company has opened a 139-room hotel under its new brand "Aurika Hotels & Resorts" in Udaipur.
* NATIONAL ALUMINIUM CO: Has cut the prices of aluminium ingots by nearly 1% with effect from Friday.
* NTPC: Is likely to acquire the central government's stake in two unlisted state-owned power companies-- THDC and Neepco.
* PETRONET LNG: Is likely to seek a renegotiation of its long-term contract with Qatar's RasGas given the slump in prices of the super cooled gas in the international market, company's Managing Director and Chief Executive Officer Prabhat Singh said.
* POWER FINANCE CORP: The Government may prod the company to extend 'special funds' to some of the stressed electricity distribution entities in order to enable them to cut the dues to power producers.
- Has requested state-run power distribution companies to maintain dedicated bank accounts only in
public-sector banks and regional rural banks for receiving and utilising funds for schemes run by the central government.
* PUNJAB & SIND BANK: Plans to raise at least 1 bln rupees through Basel III-compliant tier-II bonds maturing on Dec 3, 2029, and has invited bids on Thursday.
* PUNJAB NATIONAL BANK: Is unlikely to subscribe to the fresh equity expansion of its housing
subsidiary PNB HOUSING FINANCE while Carlyle Group is keen to expand its investment.
* PVR: The fund-raising committee of the company has approved the issue price of 1,719.05 rupees per share for its qualified institutional placement that closed on Tuesday.
* RELIANCE INDUSTRIES: The government is weighing options of terminating the production-sharing contract or invoking arbitration to penalise the company for selling to itself all the coal bed methane gas it produces, allegedly in violation of policy.
* TATA MOTORS: The company bets on aggressive cost-cutting measures and stronger performance from Jaguar Land Rover to deliver better numbers in the second half of 2019-20 (Apr-Mar).
* THOMAS COOK INDIA: The company said its Chairman and Managing Director Madhavan Menon has resigned from the board of QUESS CORP with immediate effect.
* WELSPUN INDIA: The company on Monday secured the final approval from a trial court in the US for its settlement agreement, to resolve all pending legal claims pertaining to marketing and labelling of its premium cotton home textile products.
* WIPRO: The company has opened a next generation engineering and innovation centre in Virginia, US, which is expected to create 200 additional jobs by 2021.
* ZEE ENTERTAINMENT ENTERPRISES: Promoter Essel International has sold over 268,000 shares of the company through market sale on Oct 22.
Our Blog Information Learning purpose only
(Paper Trading Practice for Currency, Equity, Commodity Segment)
Register For Free Equity Tips Trial: http://rupeedesk.in/rupeedeskfree-calls