INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Nifty futures on the Singapore Exchange traded 7 points, or 0.06 per cent, down at 12,265, indicating a flat-to-negative start
Here are the stocks that may buzz during the day:
Sterlite Technology: Sterlite Technologies on Wednesday reported a net profit of Rs 91
crore (excluding exceptional items) during December 2019 quarter
The company had registered a net profit of Rs 146 crore in October-December quarter a year ago
Edelweiss Financial: Edelweiss Group Chairman Rashesh Shah on Wednesday was questioned by the Enforcement Directorate for five hours in a
Foreign Exchange Management Act violation case
This was the second time that the ED had summoned Shah after he failed to appear last week.
Asian Paints: The Competition Commission of
India has ordered a probe against Asian Paints for allegedly hindering the entry of JSW Paints by virtue of its dominance in the market for
manufacture and sale of decorative paints.
UltraTech, Ambuja Cements: UltraTech and Ambuja are competing to further consolidate their grip
Karvy Stock Broking case
Yes Bank: Troubled lender Yes Bank has appointed IDFC Securities as an adviser for raising funds and also to bring
in a strategic investor.
JSW Steel: Sajjan Jindal-led JSW group company Forma has shut down its operations within one year of its launch,
according to a PTI source
asset reconstruction company Prudent ARC are said to have submitted initial bids for investing in bankrupt carrier Jet Airways
Indian conglomerate Hinduja Group stayed away from the bids, said a person aware of the development.
Telecom: Telecom operators Bharti
Airtel, Reliance Jio and Vodafone Idea have submitted their applications for 5G trials
Airtel has joined hands with Huawei, ZTE, Ericsson and Nokia for 5G trials in the country, while Jio has partnered Samsung, PTI sources
said.
Auto: Honda Motorcycle - Scooter India said it does not see any revival in the automobile sector in the near term
Senior Vice President for Sales and Marketing Y S Guleria said he was not very hopeful of the government giving any concession to the
industry on GST rates.
Tata Group: Tata Sons has finalised plans for a board meeting shortly, with the Supreme Court having stayed a
tribunal order that had quashed the ouster of Cyrus Mistry