JSW Steel Plans to Boost Metro Rail Supplies by 50% in FY20 - JSW Steel supplied 30000 tons bars for Metro Projects, JSW sees increase in FY20 Metro Rail suppliers to 1.5lakh tons - Positive for JSW Steel after a large order from Metro
Jindal Steel - Supreme Court refuses to allow sale of Jindal Iron Ore stock - Supreme Court panel refused to give an order allowing Jindal Steel & Power to lift or sell Rs2000cr worth of iron ore in the eastern state of Odisha. The state government of Odisha and Jindal Steel have been in dispute over royalty payment on the iron ore for more than 5 years. The state government of Odisha claims Rs980cr from Jindal Steel for lifting iron ore - Stock declined yesterday after the news ... we are long term positive on Jindal Steel
Maruti to raise prices across models in Jan 2020. ET reported that the M&M, Tata Motors also looking to hike prices from Jan 1 despite poor demand - Price hike will be positive for Maruti, Tata Motors and M&M
Cadila gets US FDA approval for Lorcaserin Hydrochloride tablets - Positive for Cadila
The govt had hinted that public sector firms such as IOC might not be allowed to bid for buying government stake in BPCL The Centre is firm on its plans to privatise various state-run companies including BPCL and debt-ridden Air India - Positive for economy to reduce fiscal deficit after stake sale on BPCL and exit loss making Air India.
IRB Infra to consider issue of non-convertible bonds on December 6 - Positive for IRB Infra
HDFC Bank Customers Face Technical Glitches For Second Straight Day - Some customers of India’s largest private lender HDFC Bank have been unable to access net banking services for the second straight day. On attempting to log-in or conduct transactions, customers have been faced with error messages - Bloomberg - stock declined 1% ... not yet impact on the stock... one of the best bank in India
SEBI order Dec 10 on Bajaj Finance plea in Karvy case, HDFC Bank, ICICI also go to SAT - The Securities and Appellate Tribunal (SAT) on Tuesday gave Sebi time till 10 December to pass an order in the plea filed by Bajaj Finance against the capital market regulator’s move to transfer pledged shares to clients of the troubled Karvy Stock Broking Sebi has estimated the total exposure of lenders to Karvy at Rs2,800cr, of which Bajaj Finance has an exposure of Rs345 cr. HDFC Bank, ICICI Bank and some other lenders also joined Bajaj Finance on Tuesday in its plea against the Sebi move - Wait for final outcome by SAT on 10th December.
Delta Corp - The Parliament on Tuesday passed a bill which seeks to merge two Union Territories - Daman and Diu, and Dadra and Nagar Haveli - into one unit. The Rajya Sabha passed the Dadra and Nagar Haveli and Daman and Diu (Merger of Union Territories) Bill - Expect positive on Delta as its resort located at Daman.
Nitco Ltd - Signing Of Non-Binding Term Sheet With Hines India Real Estate Pvt. Ltd - stock gained 5% after the news.
By: via @AlliesFin Serve T.ME/ALLiESFiN
