NOTE: Government’s total demand from Vodafone Idea was Rs58254cr ($7.8bn) and from Bharti Airtel Rs43980cr ($5.9bn) – Outcome by Top Court final verdict is important on Vodafone.
· Delta Corp Casino in Goa remain closed until July 30, company says government extended restrictions on Covid rise, company says unable to estimates quantum of potential losses - Avoid
· M &M will inspect and replace diesel engines in a batch of less than 600 vehicles made at its Nashik factory for suspected premature wear of parts. The company says the suspected premature wear of engine parts was due to contaminated fuel received in factory on a particular date, and was filled in the select batch – Any decline will be buying opportunity
· Piramal Retail - The National Company Law Appellate Tribunal on Monday reserved its interim order on petitions by 63 Moons Technologies to halt Piramal Capital & Housing Ltd.’s plan to take over Dewan Housing Finance Corp. –It is important on outcome by Court on DHFL deal with PEL
· BPCL: Government’s plan to sell a majority stake in the country’s second-biggest state refiner has slowed down amid the coronavirus pandemic. The government could fetch about $6.9 billion, haven’t progressed much recently. The disposal may take place as soon as early next year – Positive
· IndusInd Bank: Board to meet on July 23 to consider the proposal of raising funds through debt securities or equity instruments or convertible debt securities. – Positive
· Zen Technologies: Secured export order of Rs 120 crore.- Positive
· Adani Group stocks- Market regulator SEBI is investigating some Adani Group companies with regard to compliance with rules, Pankaj Chaudhary, minister of state for finance, says in a written reply to a lawmaker’s questions. The Directorate of Revenue Intelligence is also investigating certain entities belonging to the Adani Group under laws administered by it, according to the minister. Holding of Foreign Portfolio Investors in six publicly-traded Adani companies is based on day to day trading of shares and thus dynamic, the minister says.- Avoid Adani group stocks
· Venus Remedies - Promoters of Venus Remedies has announced the release of encumbrance on 8,30,000 equity shares pledged by them. With this, the entire shareholding of the promoters & promoter group is now free from all encumbrances. – Positive
· Kotak Mahindra Bank announced that it has automated its partner payments process, powered by Act21 Software's Hyperform - an end-to-end payout solution. - Positive
· According to the report, TCS has one of the most comprehensive Cloud Security Portfolios in the market, addressing the entire lifecycle stages of cloud adoption. – Positive
· Godawari Power has informed that the Chhattisgarh Environment Board (CECB), has accorded its "Consent to Operate" for the enhanced capacity of Iron Ore Beneficiation Plant from 1lakh Tons PA to 3.3lak ton pa. – Positive
· Kovilpatti Lakshmi Roller considered and approved the expansion projects for installation of 5 MW Solar Power Plant worth Rs30cr which would help the company to reduce its dependence on non-renewable sources of energy – Positive
· Krypton Industries Ltd receives order for supply of 6000 wheel chairs – Positive
· Salzer forms JV company Salzer EMarch E-Mobility Pvt Ltd to manufacture electric conversion kits for Vehicles – Positive
· Easy Trip has announced the launch of an industry-first, free of charge, full refund medical policy through which customers can claim a complete refund on domestic air ticket cancellations caused due to medical emergencies. – Positive
· Navneet Education subsidiary acquires 13.36% stake in Carveniche Tech for Rs2.67cr – Positive
· Om Infra bags order of ~Rs410 mn from Government of Manipur – Positive
By: via @AlliesFin Serve Stock Market
