13th March, Morning Brief

Market may open on a flat note after yesterday's bounce back.

🎯 News & Impact 🎯

🎯 TCS :
Tata Sons to sell 28.3 million TCS shares at Rs.2,872–2,925 per share.

🎯 ACC Ambuja Cements :
The two Indian units of LafargeHolcim —  said they plan to enter into a ‘master supply agreement’ with each other. The agreement is for supply of cement, clinker and raw materials such as fuels, fly ash, slag, gypsum and spare parts.

🎯 Infy  :
Infosys to voluntarily delist American Depositary Shares from some Euronext exchanges and Euronext London Exchanges.

🎯 Bharti Airtel :
The company has approved a plan to raise about Rs 16,500 crore through debt, including a fresh issue of $1 billion in overseas bonds, to help refinance loans and pay for spectrum

🎯 NBCC :
Company says no charges proved against chairman Mittal after CBI Probe.

🎯 Power Grid :
Company enters into term loan facility agreement with State Bank of India worth Rs.5,000 crore.

🎯 Andhra Bank :
Bank says exposure to Sterling group of companies at Rs 1,147 crore.

🎯 JSPL board to meet on March 16 to consider QIP.

🎯 Videcon Industries :
Financially distressed Videocon Group may give up India rights for two global brands — Philips in the TV business and Electrolux in appliances — after being unable to sustain production without working capital, which has caused a steep decline in sales, three senior industry officials said.

🎯 Bata India :
Sebi has directed Bata on Monday to conduct an inquiry into the leak of price-sensitive financial information.The regulator has asked the company to take action against those responsible for the leak and strengthen its internal processes.

🎯 Aviation stocks :
Government grounds Airbus A320neo planes with new Pratt & Whitney engines.