SGX Nifty was trading 73 points, or 0.79 per cent, up at 9182.50, indicating a strong start for NSE Nifty index.
Asian peers Hang Seng and Shanghai were trading higher in morning trade after the US Federal Reserve hiked interest rates, as expected, but signalled no pick-up in the pace of tightening.
🎯 *News & Impact* 🎯
🎯 *Indian Oil Corporation* (IOC): The Cabinet on Wednesday approved sale of state-owned Indian Oil Corp's (IOC) 24 per cent stake in Lubrizol India Pvt Ltd to Lubrizol Corporation, USA for an undisclosed sum.
🎯 *NTPC*: State-owned power giant NTPC is weighing the option of snapping power supplies to BSES Yamuna Power Ltd (BYPL), which distributes electricity in Delhi, for delay in payment of its dues.
🎯 *NBCC*: State-owned NBCC (India) Ltd on Wednesday said that Maharashtra government has allotted the balance work of irrigation project in Vidarbha valuing Rs 6,000 crore.
🎯 *Godrej Properties*: Realty firm Godrej Properties said it has added a new housing project in Bengaluru comprising eight lakh sq ft of developable area. Godrej Properties said in a statement that "it will develop a 7.5 acres land parcel on Bellary road (NH-7) in North Bangalore".
🎯 *Tata Communications* : Which transmits a 10th of the global voice traffic through its network and provides the infrastructure on which internet giants Google, Microsoft and Skype move their content, is weighing options for its “non-core“ ATM business.
🎯 *Coromandel & Nagarjuna*
Coromandel in talks to buy nagarjuna Fertilizers. 👍🏻 The deal likely between 3000-3500cr.
🎯 *Idea* Says no proposal to demerge tower biz. as reported by The Media is Being Considered By Board.
🎯 *SBI* : Board Approves Raising `15,000 Cr Equity Via FPO, Rights Issue, QIP, GDR. Board Approves Infusing `1,160.04 Cr In Credit Card JVs To Increase Stake To 74% 👍🏻. Credit Card JVs Are SBI Cards & GE Capital Biz
🎯 *BILT* : Clarifies Regarding News Taurus MF To Approach SEBI On BILT Default. In Talks With Investor & Will Take Steps To Resolve Issue Amicably
🎯 *Bharti Airtel* Says: Have Decided Not To Monetise Controlling Stake In Bharti Infratel. To Sell/Transfer Up To 40 Cr Bharti Infratel Shares To Unit Or Investors.
🎯 *Texmaco* Rail listing of new securities post amalgamation.
🎯 *Kushal Tradelink* ex date for 1:1 bonus issue
🎯 *Escorts* - ICRA upgrades long term rating from A- to A. 👍🏻
🎯 *Career Point* - CARE assigns long term rating of A
🎯 *Havells* - CARE assigns short term rating of CARE A1.
🎯 *Hindusthan National Glass* - CARE downgrades rating from CARE BB to CARE B.
🎯 *Zee* approved acquisition of 80% stake in Margo Networks for Rs75cr
🎯 *Kalpataru Power* approved issue of NCDs worth Rs100cr.
🎯 *Bank of India* raised NCDs worth Rs1000cr.
🎯 *Mahindra Lifespaces* Board Meeting on 20 March to decide ratio and price of rights issue.
🎯 *HCL Tech* BM on 20 March to consider buy back proposal.
🎯 *NIIT & NIIT* Tech received proposal from PIPL Advisors & GCPL Advisory to merge with self.
🎯 *Beardsell* approved 5:1 stock split and 1:5 bonus issue.
🎯 *Manpasand Beverages* to set up plant in Sri City with investment of Rs150cr.
🎯 *Jyoti strucutres* to sell satke for repayment of loans.
🎯 *Wockhardt* seeks G-20 aid for antibiotics.
🎯 *MEP infra* completes closure of five HAM projects.
🎯 *Wipro* Opens Automotive Engineering Center in Detroit.
🎯 Delhi HC Reserves Judgment On RBIs Objection On DoCoMos $1.17 Bn Payment.
🎯 *Mphasis* Board Approves Share Buyback Price Of `635/Share.
🎯 *Venus Remedies*: Board Meet On March 18 To Allot 9 Lk Shares To Promoters On Warrant Conversion.
🎯 *Bajaj Auto*: Status Of Madhur Bajaj Changed From Whole-Time Director To Non-Executive Director.
🎯 *SBI* & CREDAI Sign MoU, To Work Towards Providing Housing For All. 👍🏻
🎯 Q4 Advance Tax Numbers: Sources Say SBI Likely To Have Paid `1,621 Cr Vs `687 Cr (YoY)
🎯 *Wipro*: Partners With Harte Hanks To Offer Marketing Technology Services.
🎯 *BEL* ex date for stock split from Rs10 to Re1 per share. F&O lot size revised to 4500.
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