Shree Cements Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 111678.21 Crore) operating in Cement sector.
Spot gold was little changed at $1,792.86 per ounce by 0116 GMT. Prices fell 0.6% on Wednesday, its biggest one-day decline in a week as US Treasury yields ticked higher.
Brent crude oil fell 13 cents, or 0.2%, to $75.33 a barrel by 0128 GMT, after settling up 2.5% the previous day. US West Texas Intermediate (WTI) crude slipped 12 cents, or 0.2%, to $72.49, after settling 3.1% higher on Wednesday.
Ceat Ltd., incorporated in the year 1958, is a Mid Cap company (having a market cap of Rs 5439.32 Crore) operating in Tyres sector.
Air India is likely to be handed over by December if bids are satisfactory, sources told ET Now. Earlier today the DIPAM tweeted that financial bids for AI divestment have been received and the process will now be moving to the concluding stage.
The company had in 2008 entered into a contract with Delhi Metro for running the country’s first private rail project for 30 years. It stopped operating the Delhi airport metro rail line in 2012 following a dispute over fee, and initiated arbitration alleging violation of contract.
The government will sell 5 per cent of its stake in state-owned Hindustan Copper through an offer for sale (OFS) this week.
State-wise trend indicates that the rural households’ average debt more than doubled in 18 states for the 6 year period ended 2018, while 7 states witnessed the same for urban households. Importantly, 5 states, including Maharashtra, Rajasthan and Assam witnessed a simultaneous doubling in average debt across both urban and rural households during this period.
The rating agency also clarified that there is no case for upgrades in this sector in the near term as asset-quality stress will remain unresolved and capital buffers remain thin, particularly for state-run banks . It also warned that the banks would require $ 27 billion under a stress case scenario.
The offer is primarily for 5% and the government can retain bids for another 5% under the greenshoe option in case of oversubscription, the Department of Investment and Public Asset Management said.
Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.