26th May, 2019 Morning Brief

Market will open on a weak note today after yesterday's fall in US markets.

The U.S. markets fell the most in three weeks after federal Reserve Chairman Powell warned of potential risks impacting the U.S. economy.

Asian stocks were mixed at the open Wednesday after Federal Reserve Chairman Jerome Powell warned the downside risks to the U.S. economy have increased and doubts emerged on progress toward a China trade deal.

🎯 News & Impact 🎯

🎯 NTPC :
Wins 40 MW of Solar capacities in UPNEDA’S 500 MW Tender. Wins bid at Rs.3.02/KWH levelized tariff.

🎯 GVK Power :
GVK Deoli Kota Expressway Private Limited, a step-down subsidiary of GVK issued notice of termination to NHAI on account of material breach and defaults on the part of NHAI.

🎯 Transpek :
Company to gradually start operations in Gujarat factory and production shall be ramped up to capacity in coming 7-10 days as the closure letter received from Gujarat Pollution Control Board has been revoked.

🎯 Torrent Power :
Gujarat Electricity Regulatory Commission (GERC) approved the power procurement arrangement of 278 MW between the Company's UNOSUGEN Power Plant (capacity of 382.5 MW) and its Licensed Distribution Business for cities of Ahmedabad, Gandhinagar and Surat

🎯 DHFL :
The Company has made proportionate payment of 40 % i.e Rs.150 crore towards maturity of the commercial papers of aggregate value of Rs.375 crore and the balance of Rs. 225 crore will be paid once the surplus cash flow position improves over the next couple of days.

🎯 IFCI :
Seeks to sell non-core assets and investments.

🎯 Mindtree :
L&T gets controlling stake in company.

🎯 SpiceJet :
Company launches eight new non-stop international flights.

🎯 Panorama Studios International :
Company and PVR Pictures collaborate to distribute films in India.

🎯 Adani Power :
Consortium of lenders, led by Axis Bank has approved the resolution plan to acquire controlling stake and restructure debt of GMR Chhattisgarh Energy Ltd.

🎯 TV Today Network : HDFC MF increased stake to 7.14 percent from 5 percent after acquiring an additional 2.14 percent from open market on June 24.

🎯 Asian Paints :
LIC sold 2 percent stake in Asian Paints, reducing its stake to 3 percent in total.

🎯 Emami :
Diwakar Viniyog (promoter group) sold 2 percent stake in company on June 24 via open market.

🎯 Bombay Burmah :
Company promoters pledged 2.2 lakh equity shares.

🎯 Himachal Futuristic :
Company promoters pledged 3.38 crore equity shares.

🎯 Future Retail :
Company promoters pledged 2,35,620 equity shares.

🎯 Zuari Agro Chemicals :
Company pledged 5 lakh equity shares.

🎯 Wockhardt :
Company promoters pledged 3 lakh equity shares.

🎯 Reliance Infrastructure :
Company released pledge on 1,80,995 equity shares.

🎯 Future Lifestyle :
Company promoters released pledge on 3.5 lakh equity shares.
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