The Reserve Bank may remain less accommodative when the monetary policy committee (MPC) is expected to release its assessment and vote next fortnight as the economy is in a much better shape and slowly moving back to pre- COVID levels of economic activity.
The Securities and Exchange Board of India (Sebi) said on Tuesday companies should disclose more details to shareholders about related-party transactions while seeking their nod. The regulator said in a circular that listed companies have to provide justification on why the proposed transaction is in their interest.
Bharat Forge said its arm Kalyani Powertrain has hiked stake in electric two-wheeler maker Tork Motors to 60.66 per cent.
Planned smaller IPOs could have a harder time pricing shares if there is a reduced appetite for new listings. The shares of Paytm rival One MobiKwik Systems Ltd. have fallen about 40% in the so-called grey market.
​​Shapoorji Pallonji International (SPINT) is the global arm of Shapoorji Pallonji Engineering & Construction (SP E&C) for its construction operations outside of India. SPINT has successfully built hundreds of diversified landmark structures worldwide in various segments, including residential, commercial, industrial, healthcare, hospitality, educational and stadiums.
Under the proposed combination, FedEx India will acquire a minority stake in Delhivery on fully diluted basis along with certain minority investor rights, according to a combination notice filed with the regulator.
The unpublished price-sensitive information (UPSI) pertained to financial results for the period ended June 30, 2018.
Wednesday is likely to see the levels of 17600 and 17635 acting as resistance points. The supports come in at 17420 and 17350 levels.
Life Insurance Corporation of India sold 39,000 shares of Sir Shadi Lal Enterprises at Rs. 156.2 apiece through a bulk deal on the BSE.
"ZEE and Sony will form the largest media entertainment player in the country. Our revenues on a standalone basis combined will be close to $2 billion, and the capital that Sony is going to infuse in the merged entity ($1.575 billion) will give us the opportunity to invest in premium content, including sports. We will be able to generate great value for our stakeholders," he said.
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