The Indian market is likely to open higher on Thursday following gains in global markets. As of 7:10 am, the SGX Nifty was trading 103.00 points or 0.92 percent higher at 11,357.00, indicating a positive start for Sensex and Nifty50.
Car stocks | Car companies will release their monthly sales data today.
Dependency industries | The Silver Lake co-investors will invest an additional Rs 1,875 crore in Reliance Retail Ventures Ltd (RRVL), a retail subsidiary of Reliance Industries. This brings the aggregate investment of Silver Lake and its co-investors in RRVL to Rs 9,375 crore, which will translate into a 2.13 percent equity stake in RRVL on a fully diluted basis. (Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by the Independent Media Trust, of which Reliance Industries is the sole beneficiary.) (Image: Reuters)
ONGC, OIL India, urban gas distribution companies | The domestic gas price for October-March 2020-21 decreased by 25.1 percent to $ 1.79 per MMBTU compared to the previous price of $ 2.39 per MMBTU. The maximum price for deepwater natural gas is set at $ 4.06 per MMBTU for the H2FY21 period, which was previously $ 5.61 per MMBTU. (Image: Reuters)
Inox Leisure, PVR | The central government has allowed cinemas, theaters and multiplexes to operate with up to 50 percent of their seating capacity as of October 15, for which the Ministry of Information and Broadcasting will broadcast separate POEs.
HDFC | The National Housing Bank has imposed a penalty of Rs 1.5 lakh on the corporation for failure to comply with two provisions of the Housing Finance Companies (NHB) Directorates, 2010 during the 2018-19 fiscal year.
Bank of Baroda | The bank has dissolved its wholly owned non-functional subsidiary in the UK with effect from 22 September. To date, the bank has a wholly owned wholesale branch and a retail subsidiary viz. Bank of Baroda (UK) Ltd. in the United Kingdom.
Chemcon Specialty Chemicals | The company’s shares will be listed on the stock exchanges after finalizing the issue price at Rs 340 per share.
Information age management services | The company’s shares will be publicly traded. The Chennai-based company has raised Rs 2,244.3 crore at a price of Rs 1,230 per share from the issue.
National Bank of Punjab | The state lender has reported loan fraud of Rs 1,203.26 crore on the Bad Assets Account (NPA) of Sintex Industries Ltd.
Lupine | The company has launched Lapatinib tablets, an anticancer drug, in the US.
Dhanlaxmi Bank | The bank’s shareholders have rejected the appointment of Sunil Gurbaxani as managing director and chief executive of the bank.
Infibeam avenues | The company has sold its 51% stake in its wholly owned subsidiary Infibeam Logistics Private Ltd to Osia Hypermart Retail for Rs 19 crore.
Shree Renuka sugars | The company will begin operations at its port refinery in Haldia (West Bengal) in the first half of October 2020, subject to receipt of all regulatory approvals. The Haldia refinery can refine up to 2000 tons of raw sugar per day. (Image: Reuters)
Sobha | The company has sold the total contribution of 43.13 percent in CVS Techzone LLP.
Indian bank | The bank has revised the base rate to 8.3 percent from 9.15 percent and the external reference rate on loans to 12.55 percent from 13.4 percent since October 3.
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