Updated: 2020-12-11 07:37:48
The Indian market is likely to open higher on Friday amid a mixed trend in its Asian peers. As of 7:10 am, the SGX Nifty was trading 38.50 points or 0.28 percent higher at 13,563.50, signaling a positive start for Sensex and Nifty50.
TCS | The IT services specialty has expanded its presence in Texas with a new facility in Austin.
Kotak Mahindra Bank | The RBI has also restricted the bank from paying dividends on PNCPS.
HDFC | The mortgage lender has raised Rs 2 billion through a 2-year bond with a 4.50% coupon.
Indian Oil Corporation | All of IOC’s refineries were operating at 100 percent capacity in November, up from 88.1 percent in October and 98.6 percent in the same period last year. (Image: Reuters)
HDFC Bank | The RBI has imposed a monetary penalty of Rs 10 lacs on the bank for bouncing the SGL, which caused a shortage of balance in certain securities in the bank’s CSGL account on November 19, 2020.
UPL || The company’s management has denied the whistleblower’s allegation of diversion of money by the promoters and said the problems were closed in 2017.
Bank of Baroda | The bank has revised the borrowing rate based on the marginal cost of funds (MCLR) as of December 12, 2020.
TVS Motor Company | Members of the TVS family have agreed to sign the terms of a family memorandum of arrangement to align and synchronize the ownership of shares in various group companies.
Canara Bank | The bank approved the issue price at Rs 103.50 per share for its Qualified Institutional Placement (QIP) to raise Rs 2 billion.
SpiceJet | The aircraft has partnered with Om Logistics Ltd to provide end-to-end cold chain solutions for the administration of the COVID-19 vaccine.
IRCTC | The company’s OFS issuance has been subscribed 1.98 times at a compensation price higher than the minimum price by non-retail investors and the government has decided to exercise the green shoe option. Retail investors will have the opportunity to bid today.
United spirits | Hina Nagarajan has been appointed CEO and CEO of the company effective July 1, 2021.
Godawari Ispat of Power | The company will sell its stake in Ardent Steel for Rs 87 million. The company’s stakes in Ardent Steel will fall to 37.85 percent.
Muthoot finance | The company will issue bonds with a face value of Rs 1,000 each with a base size of Rs 100 crore with the option to retain the oversubscription up to Rs 900 crore accumulating up to a tranche limit of Rs 1,000 crore.
IRCON International | The company receives a job of Rs 900 crore by NHAI.
Gayatri projects | The company has received orders worth 1,330 million rupees in Uttar Pradesh.
PNC Infratech | The company has bagged orders worth Rs 950 crore for a water supply project.
Kalpataru power transmission | The company abandoned its plan to build a new office in Santacruz, Mumbai, after analysts raised concerns about related party transactions and misallocation of capital.