BSNL, MTNL merger plan back:
Merger talks between MTNL and BSNL initiated again by telecom dept as the firms are under financial stress due to increasing competition in telecom sector. Earlier there were talks of Jio picking the stake. MTNL and ITI will have positive impact on this development
D-Mart IPO opens:
This IPO is owned by market guru Radhakrishna damani and is expected to receive huge demand, and likely to be fully subscribed on day 1 itself. Expect retail stocks and companies owned by damani to rally. V2 retail, prozone and India cement to be on radar
JP Power:
Brookfield, worlds second biggest alternative asset manager, in talks with lenders to acquire its three power plants. Jp power may see uprise over this development
NBCC:
Buyback plan is expected to be announced by govt anytime soon. Company has good order book and is preferred partner in infra projects in north India. Recently received order by J&k for tourism development
