The Indian market is likely to open higher on Wednesday as the SGX Nifty, an early indicator of the domestic Nifty open, was trading 31.50 points or 0.23 percent higher at 13,964.50, indicating a positive start for Sensex and Nifty50.
Banks, NBFC | The RBI said India’s banking and non-banking sectors will face difficult times ahead amid the need to undo regulatory relaxations, control loan deterioration and increase capital positions.
UPL | The company has completed the prepayment of $ 410 million of 3.25% Senior Notes due October 2021. This prepayment is in line with its commitment to reduce debt.
Jindal Steel & Power | The company received ‘regular supplier’ status from Indian Railways to supply 60 kg 880 degree (90 UTS) rails.
Paisalo Digital | Elara India Opportunities Fund reduced its stake in the company to 1.76 percent from 4.37 percent previously by selling 2.6 percent through an open market transaction.
Jindal Stainless Hisar | The board of directors of Jindal Stainless (JSL) and Jindal Stainless (Hisar) (JSHL) approved the merger of JSHL into JSL. Based on the approved share exchange index, 195 JSL shares will be issued for every 100 JSHL shares.
IFGL Refractories | ICRA upgraded the credit rating assigned to the company’s line of credit to Rs 173 million.
IRCTC | Indian Railways will run a Mumbai-Delhi Rajdhani special 4 days a week.
IIFL values | The company will open its share buyback of Rs 90 crore today.
Coromandel International | Promoter EID Parry India will sell up to 2 per cent of the shares or 58.5 lakh of shares of the company through the open market at Rs 800 – 825 per share.
Snowman logistics | Adani Logistics sold Rs 39.5 lakhs of shares in the company at Rs 61.56 per share on BSE. It also sold shares of 40.55 lakh at Rs 61.82 per share on NSE.
