TOP MARKET NEWS UPDATES - 31 JULY 2015

1.  RBI releases restructuring norms for NBFCs
As per RBIs norms revisions of the date of DCCO and consequential shift in repayment schedule for equal or shorter duration will not be treated as restructuring subject to certain conditions.

2.   Sun Pharma to seek USFDA approval for 2-3 innovative products
Sun Pharma is hinted that it is close to fling approvals for three New Chemical Entities (NCE) or innovative products developed by its subsidiary SPARC and are in final stages of clinical trials.

3.  Thomas Cook India acquires Sri Lanka-based Luxe Asia
The acquisition of Luxe Asia reiterates delivery of our strategic intent of establishing a global destination management presence. Luxe Asia will continue to focus on its core domain of inbound tourism across key global source markets.

4.  M&M rallies on plans to launch ‘TUV3OO’ in September
Shares of Mahindra & Mahindra (M&M) gained over 3% to Rs1364 on NSE on back of plans to launch its compact SUV ‘ TUV3OO’ in September; positive for the company Utility Vehicle segment market leader M&M unveiled its plans to launch a compact sports utility vehicle (SUV) later in the year.

•   Get 2 Days Free Trial for Trading Tips
•   visit my website :- capitalstars.com/equity/
•   U can call us Also +917316790000,6669900

Read More

TOP 3 MARKET NEWS - 28 JULY 2015

1. Hero MotoCorp enters into settlement agreement for EBR’s consulting biz
Hero MotoCorp has entered into a settlement agreement with the Receiver appointed by the US Court for Erik Buell Racing after it filed for bankruptcy. As per the agreement Hero will acquire ownership of certain tangible and intangible assets of EBR for USD2.8mn. Hero and the Receiver have entered into an agreement to resolve all disputes and give mutual releases.
2. IRB Infra achieves financial closure for Kaithal Tollway project
IRB Infrastructure Developers announced that Kaithal Tollway, wholly-owned Subsidiary of the Company, has achieved financial closure in terms of the Concession Agreement executed with NHAI, by tying up of Project finance of Rs1,400 crore.
3. Power Grid approves Rs307 cr investment for transmission project
Power Grid Corporation of India has announced that the Board of Directors of the Company at its meeting held on July 24, 2015, have accorded the investment approval for 'Transmission System associated with RAPP 7 & 8 Part-B’ at an estimated cost of Rs307.18 Crore, with commissioning schedule of 28 months from the date of investment approval, matching with the Implementation Agreement (IA) signed with the generator.

Read More

TOP 4 MARKET NEWS FOR TODAY

1. Ahluwalia Contracts bags Rs318 crore orders
Ahluwalia Contracts has secured new orders aggregating Rs317.65 crores for construction of Institutional/Residential building, including Electrical, Plumbing and firefighting services.

2. Eros to fetch Rs100 crore from ‘Bajrangi Bhaijaan’ release
Eros International: Eros’s much anticipated film of the year ‘ Bajrangi Bhaijaan’ hit the theatres and the film had an excellent first and second day at the Box Office. As per the trade sources, box office collection of the movie will cross Rs100 crore in the first weekend. Positive read-thru for Eros International.

3. Maruti Suzuki plans to hire 2,500 relationship managers for Nexa outlets
Maruti Suzuki planning to hire 2,500 relationship managers for its Nexa outlets; company plans for a premium buying experience with Nexa .  Domestic passenger vehicle market leader ie Maruti Suzuki plans to hire upto 2,5000 relationship managers for its upcoming Nexa otlets.

4. Government planning to start work on 10 express highways
Government planning to start work on 10 express highways – Positive for IRB Infrastructure, IL&FS Transportation, Ashoka Buildcon, Sadbhav Engineering, KNR Constructions among others As per media reports, the government is planning to start work on 10 world class express highways on the pattern of Mumbai Pune express highways. These include Nagpur-Mumbai, Bangalore-Chennai, Baroda-Mumbai, Katra-Amritsar and Ludhiana-Delhi.

Read More

TOP 3 MARKET NEWS UPDATE FOR TODAY

• KEC International won orders worth Rs622 crore in power transmission & distribution and cables business: positive.
• SPML Infra in joint venture with Om Metal Infraprojects received First Smart Infrastructure Development Project worth Rs325 crore from Vikram Udyogpuri, Ujjain, Madhya Pradesh.
• IMF has retained its forecast for India's growth even as it marginally lowered the global growth target for the year in its latest update of the world economy. Indian economy is forecast to grow 7.5% in 2015, the IMF thereby, retaining its April forecast.
  

Read More