Asian stocks saw modest gains Tuesday after new highs on Wall Street, amid investor optimism over easing U.S.-China trade tensions.
U.S. equities climbed to a new high Monday amid hopes that a partial trade deal between America and China will ease a key risk for investors heading into year-end.
🎯 News & Impact 🎯
🎯 Cipla :
Company acquired the brand name and trademark rights of Vysov (anti-diabetic drug) for the Indian market.
🎯 Reliance Industries :
RIL and British energy giant BP Plc. on Monday signed a partnership agreement to jointly grow the Indian firm's network of petrol pumps to 5,500 from current 1,400, according to its statement. The venture is expected to be formed during the first half of 2020, subject to regulatory and other customary approvals.
Brookfield Infra Partners has signed a binding agreement to acquire 100 percent stake in a telecom tower company from Reliance Industrial Investments & Holdings Limited, a wholly-owned subsidiary of Reliance Industries.
Positive for the stock. 👍
🎯 Raymond :
Company promoter JK Investo Trade increased the stake from 4.57 % to 9.49 % in the company via preferential allotment on Dec. 12.
Positive for the stock. 👍
🎯 Elgi Equipments :
Company has acquired 100 % stake in Michigan Air Solutions for Rs 42 crore. The target company is the distributor and specialist in air compressor sales, maintenance and services.
🎯 Vikas Proppant & Granite :
Company has commenced production on Dec. 14 for making 3 containers (60 tonne) ordinary shipment to Algeria.
🎯 Mcleod Russel :
Financial creditor Techno Electric & Engineering filed an application under insolvency proceeding before NCLT Kolkata for recovery of term loan of Rs 100 crore. Them matter has been adjourned for hearing on Jan. 28.
🎯 Texmaco Rail :
Operational creditor filed an application under insolvency proceeding for debt of Rs 63 lakh.
🎯 HCL Tech :
Company expands operations in Lithuania.
🎯 Tata Motors :
Company in alliance talks with Chinese firms.
🎯 Punj Lloyd :
Company said that IOCL has invoked Bank Guarantees worth Rs 176 crore for two projects. The company said that it is taking legal recourse in the said matter.
Positive for the stock. 👍
🎯 Electrosteel Castings :
Company promoter Electrocast Sales acquired 2.5 lakh shares from Dec. 11-12.
Positive for the stock. 👍
🎯 KRBL :
Company promoters acquired 1.02 lakh shares on Dec. 16.
Positive for the stock. 👍
🎯 Jaiprakash Power Ventures :
Company promoter Jaypee Infra Ventures sold 66.5 lakh shares on Dec. 13.
Negative for the stock.
🎯 Max Ventures and Industries :
Company promoter Siva Enterprises acquired 2.21 lakh shares from Dec. 12-13.
Positive for the stock. 👍
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Edited by Sharp.
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