Wednesday, July 1

Stocks in the news: Dabur, Can Fin Homes, Jain Irrigation, NLC India, Cochin Shipyard

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Canara Bank: Board approves the sale of a component or complete stake in Can Fin Homes.
HCL Technologies and Cricket Australia announce a multi-year partnership
Adani Ports: Fitch affirms BBB- company score, outlook stable.

Jain Irrigation: India Ratings cut Long Term Issuer Rating to BBB with an outlook at ‘Watch Negative’.
Adlabs Entertainment: Meghna Ghai Puri, Non-Executive Independent Director tendered her resignation from the directorship.
PNB – India score downgraded Basel Ill Compliant Tier I Bonds ratings to IND A/Negative from IND A+/Negative
Sundaram Multi Pap: Company has acquired BB+ (Stable) credit score from Brickwork Ratings India Private Limited.
SEBI: Recognised bourses can release futures on commodity indices.
NDTV: Securities Appellate Tribunal stays SEBI’s order banning NDTV promoters from securities marketplace.
Sundaram Multi Pap obtained BB+ (Stable) credit rating from Brickwork Ratings India
IIFL Holdings: Company to mull approval of conditions for raising price range thru NCDs up to Rs 500 crore.
NMDC – Today May productions of Iron Ore at 3.04MT and sales at three.37 MT
HDFC Bank: RBI imposes a penalty of Rs 1 crore on the bank for non-compliance with directions on KYC norms & on reporting of frauds.
Chambal Fertilisers & Chemicals: CRISIL and ICRA assigned the rating of A1+ to the industrial paper program of the company for a greater amount of Rs three,500 crores.
NLC India: The one hundred MW Solar PV strength plant at Kamuthi & K. Nedunkulam village, Ramanathapuram District, Tamilnadu, out of 709 MW solar energy tasks provided by using TANGEDCO has been effectively commissioned.
Khadim India: Company appointed Amit Kumar Gope as Head – Marketing.
Ashiana Housing: ICRA reaffirmed rating on non-convertible debentures.
Dabur India: CRISIL reaffirmed score on long term bank facilities, brief time period bank facilities, business paper, non-convertible debentures.
Cochin Shipyard: Company entered into a long time wage agreement with its workmen to be able to be valid for 10 years.

Any Indian corporation found promoting American products or device to Chinese firm Huawei or its devices could face punitive movement, the US has warned the Indian government.
The message turned into conveyed via a letter sent to the Ministry of External Affairs (MEA) on May 27. It is assumed to be a part of the many US tries at trying to mount strain on India to take action against the Chinese enterprise.
According to an Economic Times file, the MEA has, in turn, sought the opinion of the presidency and regulatory groups to apprehend the implications of America regulations imposed on Indian firms. The External Affairs Ministry has approached the Department of Telecom (DoT), Niti Aayog, Department of Commerce, Ministry of Electronics and Information Technology and the essential medical adviser for the same.
Senior authorities reputable said as in step with the report that the MEA has raised the following inquiries to the government regarding the equal –
To study the allegation leveled through the US
The possibility of the US taking movement in opposition to Indian corporations that deliver US merchandise to Huawei
Views on the pointers provided on the 5G protection convention that became held in Prague ultimate month
Overall opinion
However, assets have found out that the recommendations received at the Prague convention had been ‘general’ and did now not target any single organization.

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