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Stocks In News

 

FUTURE LIFESTYLE FASHION

Flipkart in talks to buy 8-10% stake

Mgmt met last week in mumbai to discuss the deal

Promoters own 60.6%, of which 49% pledged as debt collateral

11.43% stake held by Azim Premji's Premji-Invest

Biyani to ask for significant premium to CMP

Primary issuance, to use proceeds to fund expansion plans

Economic Times Report

SHREE RENUKA

Fires 900 Employees in Brazil Sugar Mill

Returns most land used to lease to plant cane to owners

Reuters

POWER GRID

Successful Bidder for ERSS-XXI Scheme

To establish ERSS-XI on Build-Own-Operate & Maintain Basis

To establish 3 400 KV substations, 400 KV transmission lines

CLARIS LIFESCIENCES

RBI hikes FPI investment limit to 49%; NRI limit at 24%

GNFC

To List GDRs on Luxembourg Exchange on December 12

GRASIM

Sign MoU with Gujarat Government to invest Rs 4,100 Cr

Plan to set up man made fibre plant in Vilayat GIDC

New plant will employ 1300 people directly and indirectly

Financial Express Reports

JBF INDUSTRIES

In Discussion with RIL, Others Over Potential Stake Sale

Talks Helmed by KKR which holds 20% stake

Mint Reports

ICICI LOMBARD Q2 REVIEW

GDPI Up 18.2% At Rs 3,173 Cr Vs Rs 2,685 Cr

PAT up 19.3% at Rs 204 Cr Vs Rs 171 Cr

RoE at 20.2% Vs 20%

Combined Ratio At 102.8% Vs 108.6%

 

NUCLEUS SOFTWARE Q2 REVIEW

Net Sales up by 5.06% at Rs 100.44 Cr Vs Rs 95.60 Cr

EBITDA down by about 1.7% at Rs 22.03 Cr Vs Rs 22.4 Cr

EBITDA Margin down by 150 bps at 21.9% Vs 23.4%

Net Profit up by about 1.5% at Rs 15.66 Cr Vs Rs 15.43 Cr

TATA SPONGE IRON Q2 REVIEW

Net Sales up 9% at Rs 167 Cr Vs Rs 153 Cr

EBITDA up 67% at Rs 43.8 Cr Vs Rs 26.2 Cr

EBITDA Margin up 910 Bps at 26.2% Vs 17.1%

Net Profit up 72% at Rs 27.6 Cr Vs Rs 16 Cr

BLUE DART Q2 REVIEW

Net Sales up by 5.9% at Rs 702.83 Cr Vs Rs 663.22 Cr

EBITDA marginally up by about 0.9% at Rs 82.55 Cr Vs Rs 81.8 Cr

EBITDA Margin down 60 bps at 11.7% Vs 12.3%

Net Profit down 3.3% at Rs 41.39 Cr Vs Rs 42.80 Cr

BAJAJ HOLDING Q2 REVIEW

Total Revenue down 0.4% at Rs 266.9 Cr Vs Rs 267.9 Cr

PAT up 19.5% Rs 834.3 Cr Vs Rs 697.9 Cr

CRISIL Q3 REVIEW

Total Revenue up 5.6% at Rs 410.4 Cr Vs Rs 388.8 Cr

EBITDA down 2.5% at Rs 112.7 Cr Vs Rs 115.6 Cr

EBITDA Margin at 27.5% Vs 29.7%

PAT down 1% Rs 69.4 Cr Vs Rs 70 Cr

  • SENSEX

    32,389.96 194.39   (-0.60 %)
  • NIFTY

    10,146.55 64.30   (-0.63 %)
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News In Brief

 

    Barcelona to offer Messi lifetime deal

    Madrid: Barcelona will offer Lionel Messi a lifetime contract at the club, CEO Oscar Grau said on Saturday.

    Messi, 30, agreed a four-year deal with Barcelona in July, although has not officially signed it yet.  Grau, speaking at the club’s annual general meeting, said the Argentine forward would be offered a similar deal to the one Barca’s Spanish midfielder Andres Iniesta signed this month.  “Messi signed a four-year deal in June, but the club will offer him a lifetime contract,” Grau told club members.  “The idea is for Leo, who has been here since he was little, to stay here for life, as he is an icon. After he finishes playing we want him to remain linked to the club.”

    (Reuters)

    Civilian killed in Pakistan shelling on LoC

    Srinagar: A civilian was killed on Saturday in heavy shelling and firing by the Pakistan Army on the Line of Control (LoC) in Jammu and Kashmir's Baramulla district, police said.

    A porter working for the Indian Army was killed and a girl injured in the shelling and firing in Uri sector which started at 11.30 a.m. "The Indian military is retaliated strongly and effectively," police sources said. Due to heightened tensions between the two Armies on the LoC, no traditional exchange of sweets and greetings took place on Diwali.

    (IANS) 

    Detained suspect in Munich attack resembles witness descriptions

    Berlin: Police have detained a suspect in a knife attack in the southern German city of Munich, a police spokesman said on Saturday. 

    The suspect is believed to have injured four people and tried but failed to stab two others earlier on Saturday. The victims were five men and one woman, Munich police spokesman Marcus da Gloria Martins told journalists. “We have arrested a person who very strongly resembles the description by witnesses, but we cannot confirm that he is the attacker,” Martins said. Martins added that police were not sure what the attacker’s motive was and that they could only name the detained suspect once they had determine that he was behind the attack.

    (Reuters)

    No life-threatening injuries reported in Munich attack - police

    Frankfurt: None of the victims of a knife attack in the German city of Munich on Saturday sustained life-threatening injuries, police said on Twitter. 

    A man earlier injured several people with a knife. Police said they were searching for the suspect whose motive remained unclear.

    (Reuters)

    Death toll from Egypt gun battle rises to 52 killed: sources

    Cairo: At least 52 Egyptian police and conscripts were killed and six more wounded in a gun battle on Friday during a raid on a suspected militant hideout in the western desert, three security sources said on Saturday. 

    Sources had said late on Friday at least 30 police were killed. Egypt is battling an Islamist insurgency concentrated in the Sinai peninsula from two main groups, including an Islamic State affiliate, that has killed hundreds of security forces since 2013.

    (Reuters)

    China says winter smog battle to have limited impact on economy

    Beijing: The economic impact of China’s tough campaign against smog this winter is expected to be limited, a senior state planning official said on Saturday. 

    “Measures to fight pollution don’t have a big impact on economic growth,” Zhang Yong, vice-chairman of the National Development and Reform Commission, told reporters during a briefing. As many as 28 cities in northern China have vowed to slash industrial output this winter in a bid to cut smog by at least 15 percent and meet politically important air quality targets for this year.

    (Reuters)

    EU's Tusk notes Brexit progress, hopes for trade talks by Dec

    Brussels: EU Chairman Donald Tusk said on Friday there had been progress in Brexit negotiations and he hoped that by December it would be sufficient to start talks with London on their relationship after Britain leaves.

    (Reuters)

    Oil market is improving and stabilizing, Saudi oil minister says

    Baghdad: The global oil market is improving and stabilizing, Saudi Oil Minister Khalid al-Falih said in Baghdad on Saturday. 

    In a speech at the opening of the Baghdad International Exhibition, Falih praised the cooperation between Iraq and Saudi Arabia, which he said, contributed to “the improvement and stability we are seeing in the oil market”. Falih is the first Saudi official to make a public speech in Baghdad for several decades. The two countries began taking steps towards detente in 2015 after 25 years of troubled relations starting with the Iraqi invasion of Kuwait in 1990.

    (Reuters)

     

    China economy on track to hit 2017 growth target - state planner

    Beijing: China’s economy is on track to meet the official growth target for 2017, the head of the state planning agency said on Saturday. 

    “We expect to achieve the full-year growth target of about 6.5 percent,” He Lifeng, chairman of the National Development and Reform Commission (NDRC), told a briefing on the sidelines of China’s Communist Party Congress. Most economists believe actual growth should easily beat the target. The economy grew 6.8 percent in the third quarter of the year, and 6.9 percent in the first half.

    (Reuters)

    Rockets strike downtown Kabul, no casualties reported

    Kabul: As many as two rockets landed near the international military headquarters in downtown Kabul early on Saturday morning, Afghan security officials said. 

    There were no reports of casualties.  At around 6 a.m. (01:30 am GMT) alarms could be heard sounding at the headquarters of the NATO-led military mission, as well as at several foreign embassies in the area. The alarms were followed by several loud explosions.

    (Reuters)

    Landslide buries up to 20 at Penang, Malaysia, construction site

    Kuala Lumpur: A landslide at a construction site has buried between 15 and 20 people in George Town, capital of the northwest Malaysian state of Penang, authorities said on Saturday. 

    The Penang fire and rescue department said in a statement that two people so far have been pulled from the landslide, which occurred at a building construction site. Between 15 and 20 people were buried by the landslide, the fire department said, and rescue operations are underway. Most people trapped are suspected to be foreign construction workers employed at the site, fire officials said.

    (Reuters)

    Wholesale commodity markets closed for 'Bhai Dooj'

    New Delhi: The wholesale commodity markets, including oils and metal, are closed today in the national capital on account of 'Bhai Dooj'.

    However, bullion market is open for regular trading.

    (PTI) 

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