Morning Calls

Cabinet likely to take a call next month on the Relief Package for the Telecom Sector Will take up the issue of IMG (inter-ministerial group) recommendations in March. Focus on #BHARTIARTL #IDEA Vascon Engineers signs pact with Lina Ashar Foundation to develop Pune...

Morning Calls

U.S. FDA completes inspection of Natco Pharma’s Mekaguda API unit with zero observation. Tata Steel emerges as top bidder for Bhushan Steel and Bhushan Power. Singapore’s GIC may buy 40% in Prestige Estates rental unit for Rs 1,400 Crore. PM Modi Lays Foundation Stone...

Weekly Report on 19.02.2018

As volatility subsidized a bit previous week, Nifty settled 24 points lower week-on-week basis. As a matter of fact, although the intermediate trend at present is negative yet the primary uptrend have not been broken as yet & a movement above 10640 will resume...

Morning Calls

YES Bank to raise Rs20,000 cr of capital via bonds These bonds can be of Tier I or Tier II Total Capital Adequacy Ratio can increase by 8.9% to 28.4% from 19.5% (as of Q3FY18). Fortis Health: SC allowed lenders to sell shares, pledged by promoter before Aug 11 Axis...

Morning Calls

Torrent Power signs pact with Siemens Gamesa for wind power projects + Torrent emerges winner in e-Reverse auction for wind power projects by SECI(Tranche III) Zee Learn to acquire stake in MT Educare as per exchange filing. To make open offer of 1,86,64,096 (26% ) at...

Morning Calls

#RBI issues revised framework for stressed asset resolution. Unintended beneficiaries of RBI’s bad loan resolution framework: 1. Players in ARC biz like #Kotak, #Edelweiss (to benefit from accelerated resolution) 2. Credit Rating Agencies (Enhanced business due...