19th August, 2019 Morning

Market will open on a positive note today following global firmness.

Stocks in Asia gained along with U.S. futures early Monday as traders kicked off a busy week for economic data and awaited commentary from the Federal Reserve Chief Jerome Powell. Asian markets was supported by a positive close on Wall Street Friday and comments from President Donald Trump on trade talks with China.

🎯 News & Impact 🎯

Listing Today :
Spandana Spoorthy Financial.

🎯 Ujjivan Financial Services :
Unit Ujjivan Small Finance Bank filed DRHP with SEBI for proposed initial public offering, comprising fresh issue of equity shares aggregating to Rs.1,200 crore.

🎯 Sun Pharma :
Sunpharma and China Medical System Holdings entered into a licensing agreement for generic products to develop and commercialise seven generic products in mainland China.

🎯 J&K Bank :
Anti-corruption bureau registered a fresh case in the loan fraud worth over Rs 350 crore in Jammu & Kashmir Bank on Friday and conducted searches at different places in Bengaluru.

🎯 DHFL :
Company stated that it is not in a position release quarterly results in time due to full time engagement of accounts and finance teams in various non-routine audits.

🎯 Himatsingka Seide :
Company clarified that concerned authorities in Karnataka have audited company’s manufacturing facilities and have not found any non-compliance with regulations.

🎯 Amtek Auto :
The National Company Law Appellate Tribunal declined to extend resolution period in the company’s insolvency case.

🎯 NACL Industries :
Company said that a new facility is being built at the Srikakulam site to meet the expected growth in demand for technicals as well as intermediates and at Ethakota Plant manufacturing of new product "SMASH” has commenced.

🎯 Kridhan Infra :
Company arm secured orders worth Rs 145 crore for various works at Hyderabad International Airport.

🎯 Info Edge :
Company increased its stake in Shopkirana to 25.36 % for Rs.47 crore.

🎯 BEML :
Order Book position at Rs.8,917 crore on June 30.

🎯 TVS Motors :
Company to invest $3.2 million in U.S.-based Predictronics Corporation, which specialises in providing end-to-end predictive maintenance analytics solutions.

🎯 Cupid :
Company bagged Rs.14 crore order from Uganda for supply of male condoms.

🎯 Tourism Finance Corporation of India :
Company promoters sold 4 lakh shares on Aug. 13.

🎯 Jindal Stainless :
Company promoter Ratan Jindal acquired 1.43 lakh shares from Aug. 9-13.

🎯 Max Ventures and Industries : Company promoter Siva Enterprises acquired 1.8 lakh shares from Aug. 13-14.

🎯 Sundaram Clayton :
Company announced shut down of Chennai unit on August 16-17 due to slowdown across sector.

🎯 Energy Efficiency Services (EESL) :
Company inks pact with Apollo Hospitals to install public EV charging stations in its hospitals

🎯 Tech Mahindra :
Company divests 73.38 % stake in subsi to US-based Resolve Systems for USD 2 mn.

🎯 Parsvnath :
Company receives Rs 1,200 cr from RLDA; plans to use the money to reduce debt.

🎯 Titan Company :
Company bought 2.8 percent stake in subsidiary Carat Lane at Rs.328 per share.

🎯 Lactose (India) :
Company entered into an agreement for availing term loan/line of credit facility of Rs.39.5 crore from Aditya Birla Finance Limited.
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Edited by Sharp.