29th October, 2019 Morning Brief

Market will open on a flat note today after a holiday. 

Stocks in Asia are set to advance after U.S. equities climbed to a record as optimism for a trade deal combined with encouraging earnings and bets the Federal Reserve will cut interest rates.

🎯 Excel Industries :

Company completes acquisition of chemical manufacturing unit of NetMatrix Crop Care.

🎯 Tata Power :

Tata power JV company signs asset purchase agreements with Tata Steel for acquisition of 120 MW Captive Gas-Based Power Plant and 40 MW Diesel Generating Station.

🎯 GVK :

Company signs binding agreements with ADIA, PSP Investments and NIIF for an investment of Rs 7,614 crore in its airports holding company.

🎯 Shriram EPC :

Company disclosed pledge of 18.5 % of promoter holding in SVL Ltd at periodic intervals in favour of Oriental Bank of Commerce.

🎯 Dr Reddy :

Audit of our API Srikakulam Plant (SEZ), Andhra Pradesh, by the USFDA, has been completed on October 25, 2019 and issued a Form 483 with 4 (four) observations.

🎯 NTPC :

has entered into a JV & shareholders agreement with the Ceylon Electricity Board for incorporation of 50:50 JV Company for development of 300 MW ±15% LNG power project at Kerawalapitiya, Sri Lanka. 

🎯 M&M :

Company will acquire 100 % stake in Peugeot Motocycles.

🎯 Excel Industries :

Company completes acquisition of chemical manufacturing unit of NetMatrix Crop Care.

🎯 Piramal Enterprises :

Company entered into the securities subscription agreement with Caisse de depot et placement du Quebec on October 25, 2019.

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Edited by Sharp.