RIL, TCS & HCL Tech: Reliance Industries is expected to report a 10-14 per cent yearly rise in profit for the December quarter. TCS is expected to report a flat profit growth on slowdown in banking & financial services and retail segments. Another IT firm HCL Technologies is expected to report modest rise in profits. KEI Industries, ICICI Lombard, L&T Technology Services, Blue Dart and L&T Finance will also report their quarterly results today.
Bharti Airtel, Vodafone Idea: With the Supreme Court rejecting a review of its order that put Rs 1.47 lakh crore liability of past dues on telecom companies, firms such as Bharti Airtel and Vodafone Idea are evaluating filing a curative petition before the apex court for relaxation on penalties and payment deadline.
GAIL, Power Grid, Oil India and GNFC: Sources told PTI that no AGR demand notice was served either on GAIL or PowerGrid and only assessment orders were issued which the two companies contested putting across facts on revenues earned from such licenses. The assessment put GAIL liability at Rs 1.72 lakh crore and that of PowerGrid at Rs 21,000 crore. Another Rs 40,000 crore liability was assessed of Oil India. However, a demand notice was served in case of GNFC for Rs 15,097 crore.
Max Financial Services: US private equity buyout group Bain Capital is looking to join hands with Sunil Munjal’s Hero Corporate Services to buy a controlling stake in Max Financial Services from Analjit Singh, said multiple people aware of the talks.
Reliance Capital: Global distressed asset buyers are picking up Reliance Capital’s junk-rated debt securities following an assurance by its home finance unit that 98% of retail debenture holders will get their money back
GAIL India: The company board has approved raising up to Rs 1,500 crore in debt to part-fund its pipeline capacity expansion plan
YES Bank: Moody's Investors Service placed Yes Bank’s long-term foreign currency issuer rating of B2 under review, with the direction uncertain.
IDBI Bank: Suresh Khatanhar has been appointed as deputy managing director at IDBI Bank with effect from January 15 for a period of 3 years.
GMR Infra: GMR Infrastructure said it will sell 49 per cent stake instead of 44.44 per cent in its airport business to Tata Group subsidiary TRIL Urban Transport, as the group continues with efforts to trim its debt.
Shriram Transport Finance Company: The companuy said it has raised $500 million through social bonds, out of $3 billion fund raising plans approved by its board.
Karnataka Bank: Private sector lender Karnataka Bank reported a 12 per cent decline in its net profit at Rs 123.14 crore for the third quarter ending December 31, 2019 on account of rise in bad loans.
- No buy entry reported for the day.
- Yes Bank Limited: Swati Dakalia has sold 90,000 shares through Market Sale from Dec 30, 2019 to Dec 31, 2019.
Bulk and Block Deals :
|Blg Tickers||Date||Company Name||Acquirer/Seller||Buy /Sell||Qty Traded||Price|
|APH||16-Jan-20||Alphageo (India) Ltd||Wallfort Financial Services Ltd||Buy||40,000||199.30|
|AUIN||16-Jan-20||Authum Investment & Infrastructure Ltd||Realstep Vinimay Private Limited||Sell||70,700||124.85|
|GTIC||16-Jan-20||Gati Ltd||Ratnabali Securities Private Limited||Buy||550,000||69.98|
|GTIC||16-Jan-20||Gati Ltd||Allcargo Logistics Limited||Buy||1,500,000||70.00|
|GTIC||16-Jan-20||Gati Ltd||Globe Capital Market Ltd.||Sell||604,043||69.90|
|IGLY||16-Jan-20||India Glycols Ltd||Anirudh Damani||Buy||400,000||275.74|
|NIRL||16-Jan-20||Nirlon Ltd||Venus Master Fund||Buy||544,546||285.00|
|NIRL||16-Jan-20||Nirlon Ltd||Itf Mauritius||Sell||544,546||285.00|
|SEPL||16-Jan-20||S.E. Power Limited||Plutus Terra India Fund||Sell||1,269,308||2.45|
|SRL||16-Jan-20||Speciality Restaurants Limited||Paradice Global Small Mid Cap Fund||Sell||460,403||69.10|
|VACL||16-Jan-20||Vaxtex Cotfab Limited||Shivang R Vachheta||Buy||126,000||23.98|
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.