Asian markets have opened mixed this Thursday morning after a three day rally. Investors are mulling the spread of Covid-19 and the ramping up of economies once things return to normal. Japanese markets are trading with losses while those in Australia and South Korea trade higher.
Oil prices have risen after Algeria confirmed that an emergency meeting of the OPEC+ will be held today to discuss an output cut of 10 million barrels per day.
🎯 News & Impact 🎯
🎯 Hindalco Industries :
Novelis has received approval from the European Commission for sale of the Duffel facility of Aleris to Liberty House Group for €310 million ($337 million). The facility has a capacity of 200kt of which 100kt was automotive line with the balance being in building construction, distribution, commercial transportation and others.
🎯 Ajanta Pharma : Company gets US FDA nod for Cholestyramine powder.
🎯 Kolte-Patil : The company sold a portion of its land in Pune to Planet Smart City - a U.K.-based real estate developer for Rs 91 crore.
🎯 Future Group : Said to tap UBS to sell stake in insurance joint venture.
🎯 Astron Paper & Board Mill : Has received permission from the Government of Gujarat regarding the commencement of production for its unit located at Bhuj.
🎯 NLC India : Mining operations of Neyveli mines have begun from April 8.
🎯 Adani Transmission : Promoter SB Adani Family Trust revoked pledge of 97.6 lakh shares on April 7. Positive for the stock. 👍
.🎯 Manali Petrochemicals : Company recommenced production of Propylene Oxide, feedstock for Propylene Glycol which is a pharmaceutical input, on April 7 at Plant 1.
🎯 GRM Overseas : Company restarted its plant operation on April 8.
🎯 Music Broadcast : Qualified institutional buyer bought 4.42% stake during Q4FY20.
🎯 Jindal Steel & Power : Promoter OPJ Trading released pledge of 3.19 crore shares on April 8. Negative for the stock.
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Edited by Sharp.
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