PFC : Power Finance Corporation Ltd. (PFC) signed an MoU with nhpcltd. to lend funds for the development of Hydro Projects by NHPC.
PFC will also provide financial assistance for the acquisition of stressed projects.
PFC will also provide financial assistance for the acquisition of stressed projects.
News Update: Tata Steel Limited Brickwork Ratings has upgrade Long- term credit rating from Existing AA to AA+ .Outlook: Stable ( Neutral to Supportive for Stock)
Live Update--
*Tata Steel:* Brickwork Ratings has upgrade Long- term credit rating from Existing AA to AA+ .Outlook: Stable. (Positive)
*Brigade:* Upgrading of Long Term Rating by CRISIL Ratings. (Positive)
*Gokaldas:* To raise funds for an amount aggregating up to Rs 300 Crores (Positive)
*Emami:* Promoters get additional 2.34 lakh pledge shares released. (Positive)
*Adani ports:* Says Andhra Pradesh govt approves co’s acquisition of 10.4% stake in Gangavaram Port for Rs 645 cr. (Positive)
*Phillip Carbon:* To consider and evaluate proposals for raising funds (Positive)
*Canara Bank:* Rakesh Jhunjhunwala picks 1.59% stake. (Positive)
*ICICI Bank*: RBI has approved the re-appointment of Mr. Sandeep Bakhshi as Managing Director & CEO of the Bank (Positive)
*Centrum:* Board approved the sale of the entire business of 2 wholly owned Material Subsidiaries. (Positive)
*Fortis:* Ace Investor Rakesh Jhunjhunwala increases his stake in the company. (Positive)
*Sandur* Crisil upgraded the existing ratings. (Positive)
*Wipro*: The company has been awarded a strategic multi-year contract to partner with E.ON (Positive)
*PFC* signed an MoU with NHPC to lend funds for the development of Hydro Projects by NHPC (Positive)
*NTPC* looking to sell stake in JV with SAIL (Positive)
*ISGEC Heavy Engineering:* The company has bagged a major order for an EPC process plant from a prominent refinery. (Positive)
*Dishman Carbogen Amcis:* The company’s Switzerland-based subsidiary Carbogen Amcis AG. has entered into a co-investment agreement of more than CHF 4 million with a long-standing Europe-based client. (Positive)
*Prestige Estates Projects:* The company through its wholly-owned subsidiary Prestige Office Ventures has acquired a 70 percent stake in Shipco Infrastructure (Positive)
*Godrej Industries:* The company’s subsidiary Pyxis Holdings has acquired a majority stake in group firms Godrej Housing Finance Ltd (Positive)
*HDFC Bank:* The bank has divested over 2 percent stake in Central Depository Services (India) Ltd (CDSL) in tranches during June-August this year, garnering nearly Rs 223 crore from the sale. (Neutral)
*IndusInd Bank:* India Ratings assigns the bank’s Tier II Bonds rating at ‘IND AA+’/Stable. (Neutral)
*CreditAccess Grameen:* The company board approved the issuance of non-convertible debentures aggregating up to Rs 100 crore. (Neutral)
*Sterling Tools:* ICRA has reaffirmed the long-term as well as short-term credit ratings of the company. (Neutral)
*Auro Pharma:* Promoters create additional pledge on 3 Lakh Shares (Negative)
*IFCI*: Revision in Credit Rating – Downgraded (Negative)
*Tata Steel:* Brickwork Ratings has upgrade Long- term credit rating from Existing AA to AA+ .Outlook: Stable. (Positive)
*Brigade:* Upgrading of Long Term Rating by CRISIL Ratings. (Positive)
*Gokaldas:* To raise funds for an amount aggregating up to Rs 300 Crores (Positive)
*Emami:* Promoters get additional 2.34 lakh pledge shares released. (Positive)
*Adani ports:* Says Andhra Pradesh govt approves co’s acquisition of 10.4% stake in Gangavaram Port for Rs 645 cr. (Positive)
*Phillip Carbon:* To consider and evaluate proposals for raising funds (Positive)
*Canara Bank:* Rakesh Jhunjhunwala picks 1.59% stake. (Positive)
*ICICI Bank*: RBI has approved the re-appointment of Mr. Sandeep Bakhshi as Managing Director & CEO of the Bank (Positive)
*Centrum:* Board approved the sale of the entire business of 2 wholly owned Material Subsidiaries. (Positive)
*Fortis:* Ace Investor Rakesh Jhunjhunwala increases his stake in the company. (Positive)
*Sandur* Crisil upgraded the existing ratings. (Positive)
*Wipro*: The company has been awarded a strategic multi-year contract to partner with E.ON (Positive)
*PFC* signed an MoU with NHPC to lend funds for the development of Hydro Projects by NHPC (Positive)
*NTPC* looking to sell stake in JV with SAIL (Positive)
*ISGEC Heavy Engineering:* The company has bagged a major order for an EPC process plant from a prominent refinery. (Positive)
*Dishman Carbogen Amcis:* The company’s Switzerland-based subsidiary Carbogen Amcis AG. has entered into a co-investment agreement of more than CHF 4 million with a long-standing Europe-based client. (Positive)
*Prestige Estates Projects:* The company through its wholly-owned subsidiary Prestige Office Ventures has acquired a 70 percent stake in Shipco Infrastructure (Positive)
*Godrej Industries:* The company’s subsidiary Pyxis Holdings has acquired a majority stake in group firms Godrej Housing Finance Ltd (Positive)
*HDFC Bank:* The bank has divested over 2 percent stake in Central Depository Services (India) Ltd (CDSL) in tranches during June-August this year, garnering nearly Rs 223 crore from the sale. (Neutral)
*IndusInd Bank:* India Ratings assigns the bank’s Tier II Bonds rating at ‘IND AA+’/Stable. (Neutral)
*CreditAccess Grameen:* The company board approved the issuance of non-convertible debentures aggregating up to Rs 100 crore. (Neutral)
*Sterling Tools:* ICRA has reaffirmed the long-term as well as short-term credit ratings of the company. (Neutral)
*Auro Pharma:* Promoters create additional pledge on 3 Lakh Shares (Negative)
*IFCI*: Revision in Credit Rating – Downgraded (Negative)
Live Update--Jefferies on *ICICI Bank*: Maintains Buy on company, raise target price at Rs 900/Sh (Neutral)
Citi on *Gujarat Gas*: Maintains Buy on company, raise target price at Rs 850/Sh (Positive)
JP Morgan on *Insurance*: Business resilient despite of second wave, Prefer *SBI Life and ICICI Pru* (Positive)
Antique on *Steel*: Maintain BUY ratings on *Tata Steel, JSPL and SAIL, NMDC* (Positive)
CLSA on *Banks*: *ICICIBank, SBI & Axis Bank* are top picks (Positive)
Citi on *Gujarat Gas*: Maintains Buy on company, raise target price at Rs 850/Sh (Positive)
JP Morgan on *Insurance*: Business resilient despite of second wave, Prefer *SBI Life and ICICI Pru* (Positive)
Antique on *Steel*: Maintain BUY ratings on *Tata Steel, JSPL and SAIL, NMDC* (Positive)
CLSA on *Banks*: *ICICIBank, SBI & Axis Bank* are top picks (Positive)