In its biggest bank fraud case, the CBI has booked ABG Shipyard Ltd and its then Chairman and Managing Director Rishi Kamlesh Agarwal along with others for allegedly cheating a consortium of banks led by State Bank of India of over Rs 22,842 crore, officials said Saturday.
Besides Agarwal, the agency has also named the then Executive Director Santhanam Muthaswamy, Directors Ashwini Kumar, Sushil Kumar Agarwal and Ravi Vimal Nevetia and another company ABG International Pvt Ltd for alleged offences of criminal conspiracy, cheating, criminal breach of trust and abuse of official position under the IPC and the Prevention of Corruption Act, they said.
Besides Agarwal, the agency has also named the then Executive Director Santhanam Muthaswamy, Directors Ashwini Kumar, Sushil Kumar Agarwal and Ravi Vimal Nevetia and another company ABG International Pvt Ltd for alleged offences of criminal conspiracy, cheating, criminal breach of trust and abuse of official position under the IPC and the Prevention of Corruption Act, they said.
'ABG Shipyard financed under by #ICICIBank led consortium of over 24 lenders', says #SBI in a statement issued on #ABGShipyard
STOCKS in ACTION 14 Feb
😀🙂 ☹️😕
🙂Nandan Denim Limited Board recommends 2:1 Bonus Issue
🙂Vishwaraj Sugar Industries Ltd Board to consider Rights Issue
🙂Magellanic Cloud to raise Rs. 250 crores through preferential issue
🙂Sapphire Foods: has approved merger of Gamma Pizzakraft and Gamma Pizzakraft (Overseas) with the company with appointed date as April 1, 2022
🙂Dr. Reddy’s Laboratories: entered into an exclusive sales and distribution agreement with Novartis India Ltd. for Voveran—the Calcium range and Methergine in India
🙂S E Power Ltd commissions solar power plant of 800 KW
🙂Birla Corporation: subsidiary RCCPL’s first white cement-based wall putty plant was inaugurated at Maihar, Madhya Pradesh, with annual production capacity of almost 2 crore tonnes.
🙂Linde India Ltd to set up onsite ASU at ESL's Bokaro Steelworks
🙂Frontline Corporation Limited signs agreement for transportation of goods
🙂ALKEM licenses technology from Harvard University, aiming to treat ischemic injurv and vascular diseases
🙂Manali Petrochemical Ltd to set up new unit in Germany
🙂Godawari Green Energy resumes operations of 50MW solar power plant
🙂Shilpa Biologicals partners with Mylab
🙂Quess Corp signs agreement to acquire Heptagon Technologies
🙂AGI Infra Ltd receives permission for change of land use
🙂Karur Vyasa: The bank has amended repo-linked external benchmark rate from 7.05% to 7.15%, effective Feb. 14
🙂Bank of Baroda acquires Union Bank of India's 21% stake IndiaFirst Life Insurance
🙂EKI Energy: has acquired 51% stake in Glofix Advisory Services for an aggregate amount of Rs 43,68,150. The
🙂Torrent Power acquires 25 MW Solar Power Plant from Blue Daimond Properties Pvt Ltd and Balrampur Chini Mills Limited
🙁Goa Carbon announces temporary shutdown of Goa unit
Good results
🙂Maithan Alloys Ltd
🙂Excel Industries Ltd
🙂Sri Nachammai Cotton
🙂Gujarat Containers Ltd
🙂Allcargo Logistics
🙂Mirza International Ltd
🙂Aimco Pesticides Ltd
🙂TGV Sraac Ltd
😀🙂 ☹️😕
🙂Nandan Denim Limited Board recommends 2:1 Bonus Issue
🙂Vishwaraj Sugar Industries Ltd Board to consider Rights Issue
🙂Magellanic Cloud to raise Rs. 250 crores through preferential issue
🙂Sapphire Foods: has approved merger of Gamma Pizzakraft and Gamma Pizzakraft (Overseas) with the company with appointed date as April 1, 2022
🙂Dr. Reddy’s Laboratories: entered into an exclusive sales and distribution agreement with Novartis India Ltd. for Voveran—the Calcium range and Methergine in India
🙂S E Power Ltd commissions solar power plant of 800 KW
🙂Birla Corporation: subsidiary RCCPL’s first white cement-based wall putty plant was inaugurated at Maihar, Madhya Pradesh, with annual production capacity of almost 2 crore tonnes.
🙂Linde India Ltd to set up onsite ASU at ESL's Bokaro Steelworks
🙂Frontline Corporation Limited signs agreement for transportation of goods
🙂ALKEM licenses technology from Harvard University, aiming to treat ischemic injurv and vascular diseases
🙂Manali Petrochemical Ltd to set up new unit in Germany
🙂Godawari Green Energy resumes operations of 50MW solar power plant
🙂Shilpa Biologicals partners with Mylab
🙂Quess Corp signs agreement to acquire Heptagon Technologies
🙂AGI Infra Ltd receives permission for change of land use
🙂Karur Vyasa: The bank has amended repo-linked external benchmark rate from 7.05% to 7.15%, effective Feb. 14
🙂Bank of Baroda acquires Union Bank of India's 21% stake IndiaFirst Life Insurance
🙂EKI Energy: has acquired 51% stake in Glofix Advisory Services for an aggregate amount of Rs 43,68,150. The
🙂Torrent Power acquires 25 MW Solar Power Plant from Blue Daimond Properties Pvt Ltd and Balrampur Chini Mills Limited
🙁Goa Carbon announces temporary shutdown of Goa unit
Good results
🙂Maithan Alloys Ltd
🙂Excel Industries Ltd
🙂Sri Nachammai Cotton
🙂Gujarat Containers Ltd
🙂Allcargo Logistics
🙂Mirza International Ltd
🙂Aimco Pesticides Ltd
🙂TGV Sraac Ltd
👍1
Market will start with Weak opening, many factors have negative impact like
1. Crude moving above $95,
2. Tension between Russia and Ukraine,
3. Global market also down 2% from last nifty closing.
4. ABG Shipyard News ( overall this is not big news as many banks have already adjusted the NPA in last 3-4 Years).
1. Crude moving above $95,
2. Tension between Russia and Ukraine,
3. Global market also down 2% from last nifty closing.
4. ABG Shipyard News ( overall this is not big news as many banks have already adjusted the NPA in last 3-4 Years).
INTRADAY WATCH TODAY👇
1-ONGC/OIL/HOEC
2-ASIAN PAINT/BERGER PAINT/INDIGO PAINT
3-SBI LIFE/MAX FIN/HDFC LIFE /ICICI PRU
4-THYROCARE/METROPOLIS/GLENMARK
5-ASHOK LEYLAND
6-VOLTAS
7-MUTHOOT FIN
8-TCS
9-ICICI BANK/SBI/IDBI BK/BoB/PNB/IOB/BK OF INDIA
10-DR REDDY'S/NOVARTIS
1-ONGC/OIL/HOEC
2-ASIAN PAINT/BERGER PAINT/INDIGO PAINT
3-SBI LIFE/MAX FIN/HDFC LIFE /ICICI PRU
4-THYROCARE/METROPOLIS/GLENMARK
5-ASHOK LEYLAND
6-VOLTAS
7-MUTHOOT FIN
8-TCS
9-ICICI BANK/SBI/IDBI BK/BoB/PNB/IOB/BK OF INDIA
10-DR REDDY'S/NOVARTIS
Swing trading
TF - Time frame
D - day candle
W - weekly candle
M - Monthly candle
Green candle - Bullish
Red candle - Bearish
Pertronet LNG 1D
Entry - 225 above day candle close at 3:20 buy only
Stoploss - 215
Target 1 - 244
Target 2 - 250
TF - Time frame
D - day candle
W - weekly candle
M - Monthly candle
Green candle - Bullish
Red candle - Bearish
Pertronet LNG 1D
Entry - 225 above day candle close at 3:20 buy only
Stoploss - 215
Target 1 - 244
Target 2 - 250
Swing trading
TF - Time frame
D - day candle
W - weekly candle
M - Monthly candle
Green candle - Bullish
Red candle - Bearish
Mahindra CIE auto 1D
Entry - 212 above day candle close at 3:20 buy only
Stoploss - 200
Target 1 - 235
Target 2 - 265
TF - Time frame
D - day candle
W - weekly candle
M - Monthly candle
Green candle - Bullish
Red candle - Bearish
Mahindra CIE auto 1D
Entry - 212 above day candle close at 3:20 buy only
Stoploss - 200
Target 1 - 235
Target 2 - 265
Swing trading
TF - Time frame
D - day candle
W - weekly candle
M - Monthly candle
Green candle - Bullish
Red candle - Bearish
Biocon 1D
Entry - 404 above day candle close at 3:20 buy only
Stoploss - 385
Target 1 - 441
Target 2 - 473
TF - Time frame
D - day candle
W - weekly candle
M - Monthly candle
Green candle - Bullish
Red candle - Bearish
Biocon 1D
Entry - 404 above day candle close at 3:20 buy only
Stoploss - 385
Target 1 - 441
Target 2 - 473
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Most of the stocks opening in red panic selling will start today
*Business News Headlines*🇮🇳
*Economic Times*
Ø India files complaint against ABG Shipyard alleging $3 bn bank fraud
Ø SBI expects to recover Rs 8,000 cr from written-off accounts in FY22
Ø Tata Motors expects CNG, EV sales to contribute more in next 3-5 years
Ø Govt files draft papers with Sebi for LIC IPO
Ø LIC files DRHP for India's largest IPO, govt to sell 5% stake, here are key details to know
Ø FPIs net sellers at Rs 14,935 crore in first half of February
Ø Sebi: Ex-NSE chief Ramkrishna shared secret info with ‘unknown person’
Ø IndoStar Capital Finance Q3 Results: Profit plunges 40% to Rs 15 crore
Ø RBI's G-Secs holding may go up by Rs 2 lakh cr next fiscal: Report
Ø TCS board fixes February 23 as record date for Rs 18,000 crore buyback
Ø 5G spectrum auction expected in May
Ø Future Retail's lenders classify co as NPA; ask firm to submit 'viable' resolution plan
*Business Standard*
Ø Coal India's total dividend payout this year likely to be higher than FY'21
Ø No effort to delay ABG Shipyard investigation by lenders, says SBI
Ø Business hotels start seeing signs of recovery after protracted lull
Ø Non-financial debt jumps 11.9% to Rs 371 trn in Sept qtr: Report
Ø FPIs rush to iron out operational chinks as T+1 deadline looms
Ø Strong sales trend likely to sustain valuations of apparel retailers
Ø MFs garner Rs 99,704 crore via NFOs in 2021 on sharp rally in stock market
Ø Logistics firm TVS Supply Chain seeks regulatory approval to launch IPO
Ø Sebi bars Reliance Home Finance, Anil Ambani, 3 others from securities mkt
Ø Sebi penalises NSE, former chiefs over lapses in senior-level hiring
Ø Volumes to recover after two quarters along with margins: Godrej Consumer
*Financial Express*
Ø Odisha: Villagers protesting JSW project meet govt officials in major breakthrough
Ø Union Budget 2022: Hospitality sector gets additional relief, but left wanting more
TR
Ø Ruchi Soya likely to launch Rs 4,300-cr public issue in last week of Feb
Ø Domestic air passenger traffic falls 43% to 64 lakh in January: ICRA
Ø German economy shrank 0.7% in fourth quarter amid Covid-19 resurgence
Ø LIC listing being fast-tracked: Dipam secretary Tuhin Kanta Pandey
Ø Sebi’s SCORES platform receives 3,420 complaints in Jan; fixes 3,263
Ø DPIIT to soon approach Cabinet on FDI proposal for LIC: Secretary
Ø ‘Proposal to replace old SEZ law both timely and important’
Ø Govt prepared to deal with any global development: FM Sitharaman
Ø RBI to enhance VRR cap for foreign investors by Rs 1 lakh from April 1
Ø Cogent E-Services files draft papers with Sebi to mop-up funds via IPO.
*Economic Times*
Ø India files complaint against ABG Shipyard alleging $3 bn bank fraud
Ø SBI expects to recover Rs 8,000 cr from written-off accounts in FY22
Ø Tata Motors expects CNG, EV sales to contribute more in next 3-5 years
Ø Govt files draft papers with Sebi for LIC IPO
Ø LIC files DRHP for India's largest IPO, govt to sell 5% stake, here are key details to know
Ø FPIs net sellers at Rs 14,935 crore in first half of February
Ø Sebi: Ex-NSE chief Ramkrishna shared secret info with ‘unknown person’
Ø IndoStar Capital Finance Q3 Results: Profit plunges 40% to Rs 15 crore
Ø RBI's G-Secs holding may go up by Rs 2 lakh cr next fiscal: Report
Ø TCS board fixes February 23 as record date for Rs 18,000 crore buyback
Ø 5G spectrum auction expected in May
Ø Future Retail's lenders classify co as NPA; ask firm to submit 'viable' resolution plan
*Business Standard*
Ø Coal India's total dividend payout this year likely to be higher than FY'21
Ø No effort to delay ABG Shipyard investigation by lenders, says SBI
Ø Business hotels start seeing signs of recovery after protracted lull
Ø Non-financial debt jumps 11.9% to Rs 371 trn in Sept qtr: Report
Ø FPIs rush to iron out operational chinks as T+1 deadline looms
Ø Strong sales trend likely to sustain valuations of apparel retailers
Ø MFs garner Rs 99,704 crore via NFOs in 2021 on sharp rally in stock market
Ø Logistics firm TVS Supply Chain seeks regulatory approval to launch IPO
Ø Sebi bars Reliance Home Finance, Anil Ambani, 3 others from securities mkt
Ø Sebi penalises NSE, former chiefs over lapses in senior-level hiring
Ø Volumes to recover after two quarters along with margins: Godrej Consumer
*Financial Express*
Ø Odisha: Villagers protesting JSW project meet govt officials in major breakthrough
Ø Union Budget 2022: Hospitality sector gets additional relief, but left wanting more
TR
Ø Ruchi Soya likely to launch Rs 4,300-cr public issue in last week of Feb
Ø Domestic air passenger traffic falls 43% to 64 lakh in January: ICRA
Ø German economy shrank 0.7% in fourth quarter amid Covid-19 resurgence
Ø LIC listing being fast-tracked: Dipam secretary Tuhin Kanta Pandey
Ø Sebi’s SCORES platform receives 3,420 complaints in Jan; fixes 3,263
Ø DPIIT to soon approach Cabinet on FDI proposal for LIC: Secretary
Ø ‘Proposal to replace old SEZ law both timely and important’
Ø Govt prepared to deal with any global development: FM Sitharaman
Ø RBI to enhance VRR cap for foreign investors by Rs 1 lakh from April 1
Ø Cogent E-Services files draft papers with Sebi to mop-up funds via IPO.
BREAKING: Ukraine’s ambassador to the UK tells BBC Ukraine might consider abandoning its goal of NATO membership to avert war
STOCKS in ACTION 15 Feb
🙂Gilada Finance & Investments Ltd board recommends bonus issue
🙂Hinduja Global Solutions fixes Feb 23, 2022 as record date for bonus, dividend
🙂Swiss Military Consumer Goods Ltd to consider fund raising on Feb 25, 2022
🙂Reliance Industries : Jio Platforms will Invest $200 million in Glance to accelerate Glance's launch in key international markets outside of Asia such as the U.S., Brazil, Mexico and Russia
🙂Nykaa : Global Store on the Nykaa App exclusively launches Prakti, a unique Hybrid Beauty Brand
🙂Cineline India launches new brand for Film Exhibition Business
🙂BHEL secures order for Heat Exchangers for Light Combat Aircraft - Tejas
🙂Vedanta: has signed an MoU with Hon Hai Technology Group (Foxconn) to form a joint venture company that will manufacture semiconductors in India. Vedanta will hold the majority of equity in the JV
🙂Adani Ports and SEZ receives LoA from Syama Prasad Mookerjee Port, Kolkata
🙂Sharika Enterprises bags contract by TPNODL
🙂Glenmark inks agreement with Astrazeneca to commercialize its product Pulmicort Respules® in Columbia
🙂Cipla: Promoters to sell up to 2.5% stake in block deals, according to terms of the deal obtained by Bloomberg. The company’s shares are offered at a price range of Rs 904.8 to Rs 916.7 each in a secondary placement. 16.14 million shares are being offered by the sellers, with option to upsize to 4.03 million shares
🙂Axita Cotton Ltd receives order from Bangladesh
🙂Karur Vysya Bank joins hands with UNANU for Digital Freight Finance and opens 5 new Branches today
🙂Goodluck India Ltd commissions New Press for Forging Unit
🙂Godrej Consumer Products:
divested its entire stake in BBLUNT for Rs 84.5 crore. Honasa Consumer, the parent company of Mamaearth, has acquired BBLUNT from the company. The transaction is expected to be complete by March 14
🙂Asian Energy JV receives LOA for Hura CHP worth Rs. 128 Crores from Eastern Coalfields Limited
🙂Pennar Industries: bagged orders worth Rs 647 crore across its various business verticals between Dec 2021-Jan 2022.
🙂KPI Global Infrastructure receives order from Aether Industries Ltd
🙂Zydus gets 180 days shared exclusivity for Roflumilast Tablets
🙂Waaree RenewableTechnologies enters into MOU with AES India Pvt Ltd
🙂Pressman Advertising and Signpost India announce merger proposal
🙂Black Box completes acquisition of Dragonfly Technologies in Australia
🙂ABB completes remote commissioning of new actuator for ITC Paperboards and Specialty Papers
🙂Dai-Ichi Karkaria Ltd sells land for Rs. 4.8 crores
🙂One 97 Communications: Merchant payments processed on Paytm platform in January jumped 105% from a year earlier to Rs 83,481 crore. Average monthly transacting users jumped 40% YoY to 68.9 million. Number of loans disbursed through Paytm jumped to 1.9 million from 0.4 million YoY. Value of loans disbursed through Paytm was Rs 921 crore in January compared with Rs 212 crore last year
SREI Infrastructure Finance : Kolkata NCLT has approved consolidated insolvency proceeding for SREI Group NBFCs. SREI Infrastructure Finance and SREI Equipment Finance will face consolidated insolvency proceeding, under the same committee of creditors. Bidders will be required to bid for a consolidated balance sheet
🙁FIEM Industries to exit JV
🙂Gilada Finance & Investments Ltd board recommends bonus issue
🙂Hinduja Global Solutions fixes Feb 23, 2022 as record date for bonus, dividend
🙂Swiss Military Consumer Goods Ltd to consider fund raising on Feb 25, 2022
🙂Reliance Industries : Jio Platforms will Invest $200 million in Glance to accelerate Glance's launch in key international markets outside of Asia such as the U.S., Brazil, Mexico and Russia
🙂Nykaa : Global Store on the Nykaa App exclusively launches Prakti, a unique Hybrid Beauty Brand
🙂Cineline India launches new brand for Film Exhibition Business
🙂BHEL secures order for Heat Exchangers for Light Combat Aircraft - Tejas
🙂Vedanta: has signed an MoU with Hon Hai Technology Group (Foxconn) to form a joint venture company that will manufacture semiconductors in India. Vedanta will hold the majority of equity in the JV
🙂Adani Ports and SEZ receives LoA from Syama Prasad Mookerjee Port, Kolkata
🙂Sharika Enterprises bags contract by TPNODL
🙂Glenmark inks agreement with Astrazeneca to commercialize its product Pulmicort Respules® in Columbia
🙂Cipla: Promoters to sell up to 2.5% stake in block deals, according to terms of the deal obtained by Bloomberg. The company’s shares are offered at a price range of Rs 904.8 to Rs 916.7 each in a secondary placement. 16.14 million shares are being offered by the sellers, with option to upsize to 4.03 million shares
🙂Axita Cotton Ltd receives order from Bangladesh
🙂Karur Vysya Bank joins hands with UNANU for Digital Freight Finance and opens 5 new Branches today
🙂Goodluck India Ltd commissions New Press for Forging Unit
🙂Godrej Consumer Products:
divested its entire stake in BBLUNT for Rs 84.5 crore. Honasa Consumer, the parent company of Mamaearth, has acquired BBLUNT from the company. The transaction is expected to be complete by March 14
🙂Asian Energy JV receives LOA for Hura CHP worth Rs. 128 Crores from Eastern Coalfields Limited
🙂Pennar Industries: bagged orders worth Rs 647 crore across its various business verticals between Dec 2021-Jan 2022.
🙂KPI Global Infrastructure receives order from Aether Industries Ltd
🙂Zydus gets 180 days shared exclusivity for Roflumilast Tablets
🙂Waaree RenewableTechnologies enters into MOU with AES India Pvt Ltd
🙂Pressman Advertising and Signpost India announce merger proposal
🙂Black Box completes acquisition of Dragonfly Technologies in Australia
🙂ABB completes remote commissioning of new actuator for ITC Paperboards and Specialty Papers
🙂Dai-Ichi Karkaria Ltd sells land for Rs. 4.8 crores
🙂One 97 Communications: Merchant payments processed on Paytm platform in January jumped 105% from a year earlier to Rs 83,481 crore. Average monthly transacting users jumped 40% YoY to 68.9 million. Number of loans disbursed through Paytm jumped to 1.9 million from 0.4 million YoY. Value of loans disbursed through Paytm was Rs 921 crore in January compared with Rs 212 crore last year
SREI Infrastructure Finance : Kolkata NCLT has approved consolidated insolvency proceeding for SREI Group NBFCs. SREI Infrastructure Finance and SREI Equipment Finance will face consolidated insolvency proceeding, under the same committee of creditors. Bidders will be required to bid for a consolidated balance sheet
🙁FIEM Industries to exit JV