Godawari Power's Standalone Long-Term outstanding debt of Rs. 1369 Crores standing as on 31.03.2017 which was scheduled to be repaid by FY 2032, was brought down to Rs.457 Crores as on 31.03.2021. The balance outstanding debt of Rs.457 Crores has been fully repaid by the Company during the current year out of internal accruals.- Positive
Kotak Securities to Kredent Infoedge stake for Rs10cr, the Kolkata-based company is now a leading provider of financial literacy and education, offering certification courses on all aspects of financial markets.- Positive .
Info Edge approved acquisition of 100% of the Share Capital on a fully diluted basis of Axilly Labs Private Limited for an aggregate cash consideration of about Rs.21 Crores. – Positive
Coforge Ltd board approves fund raising through depository receipts or QIP amount not exceeding Rs375cr – Positive
Uttar Pradesh and Andhra Pradesh Government allows cinema halls to reopen from today at 50% capacity – Positive for PVR and Inox Leisure
GST collection dropped below Rs1 trillion in June at Rs92850cr after being above the trillion-rupee mark for eight months in a row – Govt. expects GST revenue to see an increase from July.
Gravita Group enhances recycling capacity at Ghana, West Africa - Company has enhanced the production capacity of its exiting Lead recycling plant from 12,000 MTPA to 16,200 MTPA. - Positive
Vakrangee partners with Edusaksham for e-Learning Solution Services – Positive
Tyre stocks - Growth will be aided by a sharp recovery in OEM tyre demand, lower base effect of FY2021, improving pace of vaccination, continued preference for personal mobility and healthy rural cash flows amid a normal monsoon forecast, ICRA says.- Positive for Apollo Tyre, Balkrishna,
India Glycols & Clariant successfully establish Joint Venture for renewable ethylene oxide derivatives – Positive
Bharti Airtel deploys 5 MHz in 900 MHz spectrum band for high speed data services in Jammu & Kashmir and Ladakh – Positive
Rane Holdings Ltd increases stake in Rane t4u Pvt Ltd to 84.52% - Positive
Airlines Can Operate Maximum Of 65% Pre-Covid Domestic Flights: Centre… Expects positive for Spicejet, IndiGo, Easy Trip - Expects positive for Airline stocks after the news that the Airlines can now operate a maximum of 65 per cent of their pre-Covid domestic flights instead of the 50 per cent allowed till date. Expects positive for Spicejet, Easymy Trip and IndiGo
Positive for Indian Textiles Exports …Global demand back as US and European Countries re-opens …Domestic demand Also bounces back - Expects positive for Indian Textiles and Appeal exporters on hope of improve demand after Europe and US lifted lockdown. Market hope of global demand will be back on account of sharp decline pandemic cases. In the domestic front, apparel segment at almost 100% recovery. Expects positive for TNC Clothing, ABFRL, Arvind Fashion, Arvind Ltd, Vardhman Textiles, Welspun India Ltd, Raymond, Trident Ltd. K P R Mill Ltd. Page Industries Ltd and Nitin Spinners Ltd.
By: via @AlliesFin Serve Stock Market
