U.S. stock futures declined and Japanese shares opened lower after the Trump administration is drafting rules that would allow blocking more sales to Huawei, a sign that tensions between the two powers remain high despite the upcoming trade deal due to be signed later Wednesday.
U.S. stocks retreated from all-time highs after a report mentioning that tariffs on billions of dollars of Chinese goods will likely stay in place until after the presidential election.
Major Results Today :
π― News & Impact π―
Results Updates :
π― Wipro (Q3, QoQ) :
IT services revenue rose 2.2 % at $2,095 million.
Revenue rose 2.3 % to Rs 15,470.5 crore.
Net profit fell 3.8 % to Rs 2,455.9 crore.
π― Mindtree (Q3, QoQ) :
$ Revenue rose 1.5 % to $275.2 million.
Revenue increased 2.7 % to Rs 1,965.3 crore.
Net profit rose 45.9 % to Rs 197 crore.
π― Ajanta Pharma :
Company gets USFDA nod for Valganciclovir Hydrochloride.
π― Alembic Pharma gets USFDA nod for Muscle Relaxant Drug Tizanidine Hydrochloride.
π― Can Fin Homes :
Canara Bank called off the divestment process of its entire stake in Can Fin Homes, which was under the progress. The bank has 30 percent stake in Can Fin Homes.
π― CSB Bank :
Company said that the regulatory restrictions imposed by the Reserve Bank of India on the opening of new branches, in view of the delayed initial public offering of shares of the Bank, have been lifted, with effect from Jan. 10.
Positive for the stock. π
π― R Power / Yesbank :
The Bank also acquired 30 % stake in Reliance Power’s wholly-owned arm Rosa Power Supply through invocation of a pledge of 12.73 crore shares.
π― Lemon Tree Hotels :
Company launched a 65-room hotel in Rishikesh.
π― Reliance Power :
promoters stake fell from 36.71 % to 32.79 % after an invocation of 11 crore shares (3.92 %) made by promoter Reliance Infrastructure on Jan. 13.
π― Godawari Power & Ispat :
Tribunal dismissed a claim of Rs 94 crore made by Lauren Jyoti (EPC Contractor) against the company’s arm.
Positive for the stock. π
π― Pidilite Industries :
Company incorporated a joint venture to carry on the business of manufacturing, processing and distribution of technical mortars and other materials used in construction.
π― Persistent Systems :
Company and Gojoko extend partnership.
π― DHFL :
IndusInd Bank declared company exposure as 'fraud'.
π― Sun Pharma :
Company and Rockwell Medical enter into licensing agreement for Triferic in India.
π― Majesco :
Company announces expanded capabilities Majesco Digital1 Insurance to accelerate insurers' digital transformation.
π― Gayatri Projects :
Catalyst Trust released a pledge on 74.47 lakh shares on January 10
Defaulted on payment of Rs 27 lakh towards term loan to Sundaram Finance.
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Edited by Sharp.
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