Asian shares started the week mixed, with volumes subdued as investors count down to the holiday break.
U.S. equities finished the week at a record high as investors counted down to the holiday break.
🎯 News & Impact 🎯
Titan Company, UltraTech Cement, Nestle India will be added to BSE Sensex whereas Tata Motors, Tata Motors DVR, Vedanta, Yes Bank will be deleted from the BSE Sensex from December 23.
🎯 Reliance Industries :
Centre seeked to restrain Reliance Industries Stake sale to Saudi Aramco Times of India reported.
Negative for the stock.
🎯 Cadila Healthcare :
USFDA issued no observations to the Ahmedabad unit after their inspection on December 16-20.
🎯 Hindalco :
Novelis received approval from China’s State Administration for Market Regulation for its aquisition of Aleris, as part of which Novelis agreed to sell the Aleris plant in Duffel, Belgium to an independent, third party.
🎯 Glenmark Pharma :
Bausch Health will grant Glenmark non-exclusive license effective till 2026 for its intellectual property relating to Bryhali Solution.
🎯 Power Finance :
Company transferred a transmission project in UP to Power Grid Corporation.
🎯 Power Grid :
To invest Rs 180 crore in 2 substations
Acquired Meerut-Simbhavali Transmission (MSTL), the project SPV to establish transmission system from PFC Consulting Limited.
🎯 Mcleod Russel :
Company restrained from selling, transferring, alienating, disposing, assigning, dealing, encumbering or creating third party rights on any of its assets, till next hearing in HC.
🎯 Gateway Distriparks :
Company completed the sale of its container freight station in Chennai for Rs 48.41 crore to Team Global Logistics.
🎯 Wipro :
Company partners with NASSCOM to unveil FutureSkills platform
🎯 Tata Motors - Clarified :
Jaguar Land Rover acquired Bowler, the UK-based manufacturer of all-terrain performance cars, parts and rally raid vehicles.
🎯 Ratnamani Metals :
Company received new domestic order of Rs.81 crore for supply of coated CS pipes for an oil & gas pipeline project.
🎯 International Paper APPM :
Company promoter West Coast Paper Mills pledged 2.03 crore shares or 51 percent equity amounting to Rs.343 crore in favour of Standard Chartered Bank, Aditya Birla Finance and Axis Finance.
🎯 PSP Projects :
Company emerged as the L-1 bidder for EPC design and build construction of proposed GIDC Tech-Hub at GIFT City, Gandhinagar, Gujarat.
🎯 Godawari Power & Ispat :
Company will consider proposal of scheme of arrangement with Jagdamba Power and Alloys on Dec. 24.
🎯 Tourism Finance Corporation :
Merlin Holdings increased stake to 8.08 % from 5.55 % in the company.
Positive for the stock. 👍
🎯 Rallis India :
Mumbai bench of National Company Law Tribunal approved merger of Metahelix Life Science with self.
🎯 UFO Moviez :
Board approved an investment of Rs 20 crore by way of convertible instruments in Cinestaan Digital. The company will acquire up to 62.5 percent stake in the target company over the period of three years.
🎯 KEC International :
Company secured Rs 1,520 crore for various business segment i.e. urban & transport, railways and T&D.
🎯 Dilip Buildcon :
Company bagged an EPC four-laning project with a cost of Rs 458 crore.
🎯 PSP Projects :
Company emerged as L1 bidder for EPC design and build construction of tech hub at Gift city.
🎯 Cybertech Systems :
Comapny made furtehr overseas direct investment of USD 200,000 has been made in Spatialitics LLC, Delaware, USA, wholly owned subsidiary of the company.
🎯 Indiabulls Real :
Company enters into definitive agreement with Blackstone for divesting entire stake in Mariana Infra.
🎯 NBCC :
Company received LOI from HIL to provide PMC services. This will be for development of 5.12 acre Land parcel on self-sustainable model. The estimated cost of the project will be Rs 350 crore inclusive of a fee of Rs 35 crore.
🎯 Sun Pharma :
Promoters released pledge on 68.5 lakh shares.
Positive for the stock. 👍
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Edited by Sharp.
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