Thursday, 11 January 2018

12 Jan, Morning Brief

Positive opening expected as SGX Nifty is trading up by 35 points.

🎯 News & Impact 🎯

Major Results Today :
Infosys, Gail, Karnataka Bank

🎯 SBI :
Country's largest lender State Bank of India plans to raise Rs 20,000 crore through long-term bonds to fund affordable housing.

🎯 Varun Beverages :
The Company has concluded the acquisition of PepsiCo India's previously franchised rights for the state of Chhattisgarh.

🎯 Motilal Oswal :
SEBI imposed a fine of Rs.2 lakh in a case related to alleged unauthorised trading through the use of forged Power of Attorney (PoA).

🎯 Shree Cement :
Company had agreed to acquire a 92.83 % stake in Union Cement Co. PSC, a United Arab Emirates-based firm, for an enterprise value of USD 305.24 million (Rs 1,945 crore).

🎯 Gujarat NRE Coke :
NCLT ordered the liquidation of Gujarat NRE Coke.

🎯 MEP Infra :
Company has achieved the milestone one for the project of four lane stand alone ring road/ bypasses for Nagpur City, Package-II.

🎯 TCS :
Company bags multi-year contract for third party administration for USD 2 billion, by Transamerica.

🎯 Dredging Corporation :
Company wins maintenance dredging order from Cochin Port worth Rs.88 crore.

🎯 TTML :
Tata repays Rs 17,000 crore of Tata Tele debt.

🎯 Rel Infra :
Company emerges as the lowest bidder in NTPC tender.

🎯 Amtek Auto :
Liberty House, Deccan Value Investors are the top bidders.

🎯 EV / Agriculture :
GST Council may lower rates for farm gear, electric vehicles next week: BS

Edited by Sharp.
© Sharp Investment & Financial Advisers

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