Cyient Australia Pty Ltd, a wholly subsidiary of Cyient Limited has acquired 86 percent in Cyient KK (another subsidiary of the company).A gap down opening expected as SGX Nifty is trading down by 50 points on trade war escalation fear and its effects.
🎯 News & Impact 🎯
🎯 HEG and Graphite :
Supreme Court allowed import of needle pet coke.
Positive for the stocks. 👍
🎯 IL&FS :
ICRA downgrades loan, debenture rating of IL&FS to 'default risk'.
Negative for the stock.
🎯 Reliance Power & Reliance Naval :
Both companies pledge shares with Yes Bank.
Negative for the stocks.
🎯 NTPC :
Board approves Rs.9.7k cr investment for 1,320 MW expansion at Talcher plant.
🎯 Union Bank of India, Bank of India and Bank of Maharashtra :
Banks received a penalty order of Rs 1 crore each from Reserve Bank of India.
🎯 Coal India :
Company received a notice from Orissa State Pollution Control Board for non-compliance of environmental norms.
🎯 Thyrocare Technologies :
Company approved buyback of 8.63 lakh shares at Rs.730 per share aggregating to Rs. 66 crores.
🎯 Glenmark :
Company secures marketing authorization in Germany for its generic version of Seretide Accuhaler.
🎯 Omax Autos :
Board approved proposal for establishing a new manufacturing unit in Uttar Pradesh, for manufacturing products and equipment supplied to railways.
🎯 RITES :
Company received a turnkey railway contract of Rs.294.67 crore from ministry of railways.
🎯 Cyient :
Cyient Australia Pty Ltd, a wholly subsidiary of Cyient Limited has acquired 86 percent in Cyient KK (another subsidiary of the company).
🎯 Reliance Capital :
Company received certificate of registration from RBI as a core investment company.
🎯 Linde India :
Company got approval from Competition Commission of India for its combination with Praxair.
Edited by Sharp Investment & Financial Advisers.
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