16th Oct. Morning Brief

Domestic equity markets are likely to open on a positive note tracking SGX Nifty and global cues. SGX Nifty was up by 39 points at 10250.
US stocks rose on Friday following upbeat economic data and gains in technology shares.

🎯 News & Impact 🎯

Listing Today :
Godrej Agrovet 

Major Results Updates :

🎯 Reliance :
Cons Revenue (GU)5% At Rs.95,085 Cr Vs Rs.90,537 Cr (QoQ).
Cons EBITDA (GU)24% At Rs.15,565 Cr Vs Rs.12,554 Cr (QoQ).
Cons Net Profit (RD)10.8% At Rs.8,097 Cr Vs Rs.9,079 Cr (QoQ).
Rel Jio Net Loss At Rs.270.6 Cr Vs Loss Of Rs.21.3 Cr (QoQ)
Rel Jio Revenue At Rs. 6,147 Cr.

🎯 Avenue Supermarts :
Avenue Supermarts posted a 65.18 % jump in its net profit at Rs.191.02 Cr vs Rs. 115.64 Cr. 
Positive for the stock.

🎯 Bharat Financial :
IndusInd Bank announces merger with Bharat Financial.
Indusind will exchange 639 shares for every 1000 shares of Bharat Fin.
Positive for the stock.

🎯 VA Tech WABAG :
NCLT Recalls The Initiation Of Insolvency Proceeding On VA Tech WABAG

🎯 Godavari Power :
Company has been awarded 52,400 metric tonnes of Long-Term Coal Linkage.

🎯 Cadila Healthcare :
Zydus receives final approval from the USFDA for Allopurinol Tablets US.

🎯 Bharti Airtel :
Bharti Airtel has concluded the deal with Millicom to combine their operations in Ghana.

🎯 DEN Networks :
BARC India and DEN Networks join hands for RPD; Move to boost TV viewership measurement.

🎯 Reliance Naval :
Reliance Naval rights Issue of up to Rs.1,500 crore.

🎯 TCS :
TCS to sell real estate assets in Maharashtra and Gujarat, to raise 500cr.

🎯 Leela Ventures :
Leela Ventures has sought a restructuring of its repayment plan from JM Financial ARC.

🎯 TCI :
TCI Express chalks out Rs400cr expansion plans.

🎯 M&M :
Mahindra logistics may launch IPO by October end.

🎯 Raymond :
Raymond and Lodha put Mumbai office properties on the block.

🎯 JSPL :
The Naveen Jindal flagship has managed to repay its outstanding interest dues to lenders, using a large part of the proceeds of the Rs 1,211 crore sale of two of its oxygen plants to Srei Equipment Finance last week. 

🎯 SBI :
The Odisha government's Directorate of Treasuries and Inspection and the State Bank of India (SBI) have signed an MOU for integration of SBI e-Pay with cyber treasury. The MoU will facilitate revenue collection from citizens through digital banking platform, an official said. 

🎯 PSU banks :
The finance ministry is working on capital infusion strategy for the public sector banks (PSBs) and it is expected to be finalised by December, according to official sources. The Department of Financial Services is assessing the capital needs of various banks based demands made by them, sources said.

Edited by Sharp.
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