21st Aug, Morning Brief

Market may open on a positive side as SGX Nifty is trading up 8 points. 9990 to 9940 is the resistance zone for Nifty ahead but likely to consolidate between 9750 and 9950.

🎯 News & Impact 🎯

🎯 Infosys :
US Investor Rights Firms Prepare To Investigate Potential Claim Against Infosys.
Goldberg Law PC Announces An Investigation Of Infosys.
Rosen Law Firm Announces Investigation Of Securities Claims Against Infosys.
Infosys Announces Buyback Not Exceeding Rs.13,000 Cr.
Offer Size Is 20.51% Of Total Paid-up Eq Capital & Free Reserves Of Co.
Offer Will Comprise Purchase Of Upto 11.3 Cr Shares constituting 4.92% Of Paid-up Eq Cap Of Co.
Cautious over the stock.

🎯 HDFC :
HDFC Life Files For IPO
HDFC Life Initial Public Offering Of Up To 29.98 Cr Equity Shares.

🎯 ICICI Bank :
ICICI Bank: Interest Rate On Deposits Below `50 Lk Revised To 3.5%.
Interest Rate On Deposits Of Of `50 Lk & Above Remains Unchanged.

🎯 IOC :
Viability Gap Funding (Vgf) For IOC's Paradip Refinery Revised To Rs.700 Cr P.A
Odisha Govt To Provide Interest Free Loan For 15 Yrs Starting FY17.
VGF Of Rs.700 Cr To Be Paid In 4 Equal Instalment Each Quarter.
Positive for the stock.

🎯 Laurus Labs
USFDA completed inspection of API facilities in Unit 1 and 3 in Parawada with 2 observations.
The observations are procedural in nature.

🎯 MRPL :
Company to raise 3000crs through issue of NCDs.

🎯 Indian Hotels :
Indian hotels plans to raise 1000cr vis rights issue.

🎯 Piramal Enterprises :
Piramal Finance loans 1000cr to Rustomjee.

🎯 IOC
IOC reaches deal on tax sops with Odisha for paradip refinery

🎯 JP Associates :
Two fixed deposit holders take Jaiprakash Associates to NCLT.

🎯 Gujarat Fluorine :
Russias Rosatom eye Inoxs wind turbine manufacturing business.

🎯 ICICI bank :
Rosneft to seal the Essar oil deal today.

🎯 Relcapital :
Reliance Nippon Life Asset Management Files For IPO.

🎯 RCOM :
Three creditors of Reliance Communications and Aircel could challenge the dismissal of their right to call for a lenders' meeting by the NCLT in the National Company Law Appellate Tribunal (NCLAT).

🎯 United Breweries :
UBL is targeting to capture 25 % share in imported beer market in India in the next 18 months by introducing global brands from the portfolio of its promoter Heineken NV.

🎯 Auropharma :
Aurobindo Pharma said it would broaden product portfolio in the US while entering new markets in Europe as part of its growth strategy over the next 3-4 years. 

🎯 PSU Banks :
Keen to push consolidation in the public sector banking space, the government is looking to set up a new mechanism to speed up decisions on possible mergers among state-run lenders.

Edited by Sharp.
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