17th July, 2019 Morning Brief

Market will open on a flat note today.

Caution returned to Asian equities Wednesday after losses seen in the U.S. session in the wake of President Donald Trump threatening China with more tariffs.

U.S. stocks fell from a record high as President Donald Trump said he could impose more tariffs on China, reminding investors that the trade spat remains unresolved.

🎯 News & Impact 🎯

Major Results Today :

Wipro, Yes Bank

🎯 Strides Pharma Science Ltd. :
U.S. Food and Drug Administration inspectors said they found what appeared to be records awaiting shredding at Strides Pharma Science Ltd.’s manufacturing facility in Puducherry. 

🎯 Suzlon Energy :
Company defaulted on the payments of bonds worth $172 million which was due on July 16.

🎯 Bharat Heavy Electricals :
Company received a notice of termination from NMDC for the construction of raw material handling system at NMDC’s steel plant in Chhattisgarh.

🎯 IL&FS Engineering & Construction : BSR & Associates resigned as the joint statutory auditor of the company on July 14. 

🎯 Cox & Kings :
Company defaulted on payments of interest of Rs 41 lakh on NCDs due on July 15 and defaulted in payment of commercial papers worth Rs 45 crore due on July 16.

🎯 KNR Constructions :
Company received work order for Rs. 847.34 crore from Navayuga Engineering for an irrigation project.

🎯 Vedanta :
Company Cairn and Gas won 10 oil blocks in the second and third round auctions as a part of Open Acreage Licensing Policy of the government.

🎯 DCB Bank :
Bank made an offer to Abu Dhabi Commercial Bank to acquire business of certain customer’s accounts amounting to Rs 1,155 crore of deposits and Rs 997 crores of advances.

🎯 Astron Paper & Board Mill :
Company stated in their press release two plants in its Gujarat unit will be shut down from July 16-23 due to maintenance of boiler plant.

🎯 Tata Power :
Company's arm sold 50 MW solar power to NTT Com-Netmagic, under the captive structure.

🎯 Nocil :
Company promoter Sushipada Investments created pledge 2.45 lakh shares on July 16.

🎯 Indo Rama Synthetics :
Company promoter Urmila Lohia released pledge of 1.24 crore shares on July 9.

🎯 Hotel Leelaventure :
Company promoter group Leela Fashions revoked pledge of 7 lakh shares on July 11.

🎯 Eveready Industries :
Company promoter Williamson Magor invoked pledge of 13 lakh shares on July 8.
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Edited by Sharp.