Wednesday 25 August 2021

@AlliesFin Serve Stock Market's Post



*Economic Times*

Ø Bank of India plans to raise Rs 3,000 cr equity capital via QIP
Ø Hindalco has $2.5-3 billion capex plans for next 5 years: KM Birla
Ø Infosys becomes 4th most valued company in India to join $100 billion market cap club
Ø NSE-BSE bulk deals: CLSA Global, Copthall Mauritius sell stake in Chemplast Sanmar
Ø FPIs favour cement stocks on better volume visibility
Ø Sebi empanels 16 entities to conduct forensic audit
Ø MSCI CEO dismisses concerns Chinese stocks are ‘uninvestable’
Ø Govt mulls ways to let telcos pay AGR dues over 20 years
Ø Rajratan gains from tyre demand surge, import curbs
Ø Continuum Energy's founders keen to buy Morgan Stanley’s stake in firm
Ø Punjab & Sind Bank sets off accumulated losses of Rs 3,577 cr

*Business Standard*

Ø Adani Total Gas buys 50% stake in gas meter manufacturing firm
Ø Arvind Fashions raises Rs 439 crore from investors, promoters
Ø Govt decision on raising tariffs fails to unite telecom companies
Ø Eicher Board to meet over MD's salary as shareholders reject re-appointment
Ø GMR group unveils plans to modernise Nagpur Airport after HC ruling
Ø Unfreeze Zee Entertainment insider trading accounts: Bajaj Finance to Sebi
Ø FMCG market in India expands 37% in April-June quarter: Nielsen
Ø ITC to invest $2 billion across segments in medium-term, says MD
Ø NTPC commissions 15 MW floating solar capacity at Andhra's Simhadri
Ø ICRA revises GE Power India's outlook to negative from stable

*Financial Express*

Ø FinMin exploring insurance bonds as alternative to bank guarantees
Ø REITs, InvITs to be included in Nifty indices from Sep 30
Ø Govt mulls permitting foreign investment in LIC
Ø Chris Wood raises India weight by pruning China exposure; remains bullish despite lofty valuations
Ø Almost 52% IPO investors sold shares on listing day in Apr-Jul FY22
Ø NSE warns against unregulated derivative products
Ø Zomato invests over $100 million in Grofers
Ø FPIs pump in Rs 7,245 crore in Aug
By: via @AlliesFin Serve Stock Market

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*India Daybook – Stocks in News* *Kirloskar Oil:* Net profit up 86.1% at ₹146.8 cr vs ₹78.9 cr (YoY) Revenue up 20% at ₹1,660 cr vs ₹1,383...