Japanese stocks surrendered gains and U.S. futures came off their highs Tuesday after a wave of initial enthusiasm about central banks kicking into gear to protect the global economy from the hit of the coronavirus.
U.S. stocks surged the most in fourteen months as investors gained confidence that stewards of the world’s largest economies would act in concert to offset any impact from the spreading coronavirus.
🎯 News & Impact 🎯
🎯 Infosys :
Company has paid compounding fees of Rs 6 lakh for certain alleged offences that pertain to matters relating to the severance agreement executed with a former Chief Financial Officer in October 2015.
🎯 Torrent Power :
Maharashtra State Electricity Distribution Company has handed over Shil, Mumbra and Kalwa divisions and its operations to the company.
🎯 Parag Milk Foods :
Company clarified that promoters have pledged 1.87 crore shares with Kotak Mahindra Investments as on date.
Negative for the stock.
🎯 Newgen Software Technologies :
Company secured a patent for a system and method for automatic quality assessment of digital documents.
🎯 Mahindra Lifespace Developers :
The Ministry of Commerce and Industry has granted approval to the company’s arm MWCDL for partial de-notification of 55.90 hectares in the non-processing area.
🎯 Ingersoll Rand :
Company said that it has completed the merger of its industrial segment business with Gardner Denver Holdings on Feb. 29.
🎯 Kohinoor Foods :
Consortium lenders Oriental Bank of Commerce and IDBI Bank have served notice under the SARFAESI Act.
🎯 Tilak Nagar Industries :
Company defaulted in payment of term loan worth Rs 15 crore.
🎯 Man Industries :
The company has received new export orders worth Rs 450 crores. With this the total unexecuted order book of the company stands at Rs 2,000 crores to be executed in 8 to 9 months.
🎯 NCC :
The company said it has won one new order for Rs 85 crore (exclusive of GST) in February, 2020, and during the month one order for Rs 1,550 crore pertaining to NBCC, Nauroji Nagar, New Delhi has been reinstated after Delhi High Court Judgment.
🎯 DB Realty :
Company defaulted in payment of inter-corporate deposit worth Rs 85.05 crore, which was due on Feb. 1.
🎯 Reliance Capital :
Company defaulted on term loan on January 31, 2020 due to HDFC and Axis Bank.
🎯 Filatex India :
Company promoter Anu Bhageria acquired 1lakh shares on Feb. 27.
Positive for the stock. 👍
🎯 LT Foods :
Company promoter Raghuvesh Holdings acquired 98,000 shares on Feb. 28.
Positive for the stock. 👍
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