What's pulling down the stocks? 🤔
1 Russia-Ukraine war
2 Crude on fire
3 Bond yields and rate hikes
4 Weak GDP
5 Weak global cues
1 Russia-Ukraine war
2 Crude on fire
3 Bond yields and rate hikes
4 Weak GDP
5 Weak global cues
STOCKS in ACTION 3 Mar
🙂Indrayani Biotech board to consider preferential issue on March 21, 2022
🙂UPL Limited board approves buy back of shares through open market purchase
🙂Punjab and Sind Bank: To consider preferential issue of equity shares to the Government of India worth up to Rs 4,600 crore on March 31
🙂Union Bank of India raises Rs. 1500 crore through Basel III Compliant Tier-1 bonds
🙂VODAFONE IDEA Boardmeet Tomorrow To Consider and Approve Fund Raising Proposal
🙂Somany Ceramics opens its first Somany Arcade store in Gorakhpur
🙂STL, VMware and ASOCS unveil end-to-end 5G Enterprise solution at MWC 2022
🙂ABB: Completed the slump sale of Turbocharger Business to a newly incorporated subsidiary Turbocharging Industries and Services for Rs 310 crore.
🙂Mindspace Business Parks REIT launches 'The Hope Project', partnering with eVidyaloka
🙂Wipro: Bengaluru-based IT services firm has introduced a cloud car platform for software-defined vehicles.
🙂KPI Global Infrastructure commissions 1.72 MW solar power plant
🙂HIRECT secured orders of Rs. 57.32 Crores
🙂Tantia Constructions receives LoA for Rs. 42.18 crores
🙂Trident Limited redeems Commercial Paper of Rs. 50 crores
🙂Sudarshan Polyfab Pvt Ltd commences commercial production
🙂Mukand Limited signs agreement for sale of land at Kalwe and Dighe for Rs. 806.14 crores
🙂Suzlon Energy: wind turbine maker has received a Rs 4,050 -crore loan from REC-led group for debt recast
🙂Tube Investments: Tl Clean Mobility allotted 9.95 crore equity shares worth Rs 10 each to the company.
🙂NMDC: Iron ore sales rose 22% year-on-year to 3.97 million tonnes in February. Output rose 11.7% year-on-year to 4.3 million tonnes.
WPIL announces dilution of stake in South African subsidiary under BEE
🙂Indrayani Biotech board to consider preferential issue on March 21, 2022
🙂UPL Limited board approves buy back of shares through open market purchase
🙂Punjab and Sind Bank: To consider preferential issue of equity shares to the Government of India worth up to Rs 4,600 crore on March 31
🙂Union Bank of India raises Rs. 1500 crore through Basel III Compliant Tier-1 bonds
🙂VODAFONE IDEA Boardmeet Tomorrow To Consider and Approve Fund Raising Proposal
🙂Somany Ceramics opens its first Somany Arcade store in Gorakhpur
🙂STL, VMware and ASOCS unveil end-to-end 5G Enterprise solution at MWC 2022
🙂ABB: Completed the slump sale of Turbocharger Business to a newly incorporated subsidiary Turbocharging Industries and Services for Rs 310 crore.
🙂Mindspace Business Parks REIT launches 'The Hope Project', partnering with eVidyaloka
🙂Wipro: Bengaluru-based IT services firm has introduced a cloud car platform for software-defined vehicles.
🙂KPI Global Infrastructure commissions 1.72 MW solar power plant
🙂HIRECT secured orders of Rs. 57.32 Crores
🙂Tantia Constructions receives LoA for Rs. 42.18 crores
🙂Trident Limited redeems Commercial Paper of Rs. 50 crores
🙂Sudarshan Polyfab Pvt Ltd commences commercial production
🙂Mukand Limited signs agreement for sale of land at Kalwe and Dighe for Rs. 806.14 crores
🙂Suzlon Energy: wind turbine maker has received a Rs 4,050 -crore loan from REC-led group for debt recast
🙂Tube Investments: Tl Clean Mobility allotted 9.95 crore equity shares worth Rs 10 each to the company.
🙂NMDC: Iron ore sales rose 22% year-on-year to 3.97 million tonnes in February. Output rose 11.7% year-on-year to 4.3 million tonnes.
WPIL announces dilution of stake in South African subsidiary under BEE
*Business News Headlines*🇮🇳
*Economic Times*
Ø Nestle reopens factories, warehouses in central and west Ukraine
Ø Reliance keen on buying Future Retail assets at agreed price
Ø Vodafone Idea urges DoT to release Rs 15,000 crore bank guarantees
Ø UPL plans share buyback of up to Rs 1,100 cr
Ø Sebi orders forensic audit of Brightcom Group
Ø NBFCs gear up to sell bad loans in time to meet RBI's asset norms
Ø PSU funds offer good entry point to ride the turnaround
Ø Maharashtra govt permits 25 per cent spectators in IPL; teams to start training mid-March
Ø Fed will raise interest rates in March: Jerome Powell tells US Congress
Ø Tata Consumer Products looks to ramp up workforce by 8-10%
Ø Jindal Stainless enters into pact with Haryana technical education board to promote tech in steel
Ø Religare Enterprises to create war chest for new business ventures
*Business Standard*
Ø State Bank of India's exposure to Russia, Ukraine less than $10 mn
Ø Maharashtra: Cinema halls, restaurants allowed to function at 100% capacity
Ø Vedanta pays out dividend for 3rd time in FY22 amid commodity price rally
Ø Powell backs 25 bps March rate hike, says Fed ready to be more aggressive
Ø Govt scouts for chief of properties & monetisation officer for Air India Assets Holding
Ø Oil soars to $113 as Russian supply disruptions increase amid sanctions
Ø RBI proposes to assess impact of its financial literacy campaigns
Ø NSE co-location case: CBI arrests former NSE GOO Anand Subramanian
Ø Germany to supply Ukraine with 1,000 anti-tank weapons, 500 Stinger missile
Ø Expand PLI scheme for pharma to make it research-linked, says industry
*Financial Express*
Ø Foreign portfolio investors sell $4.9-billion shares in February, highest since March 2020
Ø NMDC Apr-Feb output jumps 26%; sales up 25.5%
TR
Ø Sebi penalises individual for flouting insider trading rules in Manappuram Finance case
Ø LIC IPO takes equity cult deeper in India
Ø Union Bank raises Rs 1,500 cr by issuing bonds
Ø Chitra Ramakrishna quits RIL BP Mobility board
Ø DLF launches theme-based plotted development project in Chennai
Ø LIC IPO should be priced carefully: Market experts
Ø ‘Proposal to replace old SEZ law both timely and important’
Ø Govt prepared to deal with any global development: FM Sitharaman
Ø Promoter pledging inches up in December quarter
Ø LPG Price Hike: Commercial LPG prices hiked by Rs 105.
>T.R
*Economic Times*
Ø Nestle reopens factories, warehouses in central and west Ukraine
Ø Reliance keen on buying Future Retail assets at agreed price
Ø Vodafone Idea urges DoT to release Rs 15,000 crore bank guarantees
Ø UPL plans share buyback of up to Rs 1,100 cr
Ø Sebi orders forensic audit of Brightcom Group
Ø NBFCs gear up to sell bad loans in time to meet RBI's asset norms
Ø PSU funds offer good entry point to ride the turnaround
Ø Maharashtra govt permits 25 per cent spectators in IPL; teams to start training mid-March
Ø Fed will raise interest rates in March: Jerome Powell tells US Congress
Ø Tata Consumer Products looks to ramp up workforce by 8-10%
Ø Jindal Stainless enters into pact with Haryana technical education board to promote tech in steel
Ø Religare Enterprises to create war chest for new business ventures
*Business Standard*
Ø State Bank of India's exposure to Russia, Ukraine less than $10 mn
Ø Maharashtra: Cinema halls, restaurants allowed to function at 100% capacity
Ø Vedanta pays out dividend for 3rd time in FY22 amid commodity price rally
Ø Powell backs 25 bps March rate hike, says Fed ready to be more aggressive
Ø Govt scouts for chief of properties & monetisation officer for Air India Assets Holding
Ø Oil soars to $113 as Russian supply disruptions increase amid sanctions
Ø RBI proposes to assess impact of its financial literacy campaigns
Ø NSE co-location case: CBI arrests former NSE GOO Anand Subramanian
Ø Germany to supply Ukraine with 1,000 anti-tank weapons, 500 Stinger missile
Ø Expand PLI scheme for pharma to make it research-linked, says industry
*Financial Express*
Ø Foreign portfolio investors sell $4.9-billion shares in February, highest since March 2020
Ø NMDC Apr-Feb output jumps 26%; sales up 25.5%
TR
Ø Sebi penalises individual for flouting insider trading rules in Manappuram Finance case
Ø LIC IPO takes equity cult deeper in India
Ø Union Bank raises Rs 1,500 cr by issuing bonds
Ø Chitra Ramakrishna quits RIL BP Mobility board
Ø DLF launches theme-based plotted development project in Chennai
Ø LIC IPO should be priced carefully: Market experts
Ø ‘Proposal to replace old SEZ law both timely and important’
Ø Govt prepared to deal with any global development: FM Sitharaman
Ø Promoter pledging inches up in December quarter
Ø LPG Price Hike: Commercial LPG prices hiked by Rs 105.
>T.R
Govt may soon allow rupee-ruble trade; arrangement will bypass sanctions
The government may soon give the green light to bilateral trade between Russia and India in their national currencies to avoid any trade disruptions, multiple people aware of the matter said. While the Department of Commerce has recommended the proposal, an announcement is likely to be made by the finance ministry after further deliberations between the Department of Economic Affairs and Department of Financial Services. “The finance ministry will take a call on how to peg the two currencies,”
The government may soon give the green light to bilateral trade between Russia and India in their national currencies to avoid any trade disruptions, multiple people aware of the matter said. While the Department of Commerce has recommended the proposal, an announcement is likely to be made by the finance ministry after further deliberations between the Department of Economic Affairs and Department of Financial Services. “The finance ministry will take a call on how to peg the two currencies,”