The Indian market is likely to open higher on Wednesday following a positive trend in Asian pairs. As of 7:00 am, the SGX Nifty was trading 49.50 points or 0.36 percent higher at 13,628.00, indicating a positive start for Sensex and Nifty50.
Diagnostic companies | Metropolis Healthcare, Thyrocare Technologies and Dr. Lal PathLabs will be in the limelight as Maharashtra has cut the RT-PCR test for COVID-19 from Rs 280 to Rs 700.
Banking axis | The bank has clarified that it has followed its underwriting practices and approval processes for any exposures taken in relation to SREI Equipment Finance and SREI Infra Finance. The SREI Group’s outstanding dues to the bank amount to Rs 800 million.
Mahindra and Mahindra | The company will increase the price of its commercial and passenger vehicles on all models.
HDFC | The company will raise up to Rs 5,000 crore through ENT at 4.23 percent.
Biocon | The company’s subsidiary, Biocon Biologics, has signed a memorandum of understanding with CSSC in Tanzania for Mission 10 cents. (Image: Reuters)
National Bank of Punjab | The bank’s QIP opened on December 15 and the minimum price has been set at Rs 37.35 per share. (Image: Reuters)
REIT Parks Embassy Office | The company plans to raise $ 500 million by selling units to institutional investors through QIP to finance the acquisition of the Embassy TechVillage business asset in Bengaluru.
Future companies | The company plans to prepay the bonds issued from the consideration of Rs 24,713 million that will be received after selling its retail and other businesses to Reliance Retail Ventures of Reliance Industries. (Image: Reuters)
IDBI Bank | The bank’s QIP opened on December 15 at a set minimum price of Rs 40.63 per share.
Union Bank of India | The bank has raised a debt capital of Rs 500 million by issuing Basel III compliant bonds.
HG Infra Engineering | The company has been declared an L-1 bidder by IRCON International for civil works projects. The company’s bid for the project was Rs 784.99 million.
Wonderla Holidays | The amusement park chain has announced the reopening of the theme park in Kochi from December 24, 2020.
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