A detailed wrap of the entire day's market action with all the top stock moves, biggest newsmakers & leading market voices.
January 19: Reliance Industries Limited Has Reported Consolidated Profit Growth Of 16.2 Percent Quarter-On-Quarter At Rs 9,423 Crore, Driven By Petrochemical And Jio Businesses. To Decode The Quarter In Detail, We Caught Up With Sameer Dalal Of Natverlal & Sons And Narendra Taneja, Energy Expert.
January 19: Wipro on Friday said its consolidated net profit has declined by 8.4 per cent to ?1,930 crore for the quarter ended December 31, 2017.
January 18: In A Chat With BTVI's Ashutosh Kumar, CBEC Chairman, Vanaja N Sarna Said That IGST Division Is A Proposal To Balance Losses Among States.
January 18: Finance Minister Arun Jaitley Today Held 25th GST Council Meeting With State Finance Ministers In Which They Offered Suggestions On Various Fiscal Policy And Budgetary Measures.
January 18: After the GST Council Meeting, Prakash Pant, Uttarakhand Finance Minister said that handicraft items have been put in 0% slab and tax has been reduced on around 49 items.
January 18: After the GST Council Meeting, Kerala Finance Minister Thomas Issac said that E-way bill will be made mandatory for all states from February 1.
January 05: The Advance Estimates Of The GDP Growth Stood At 6.5% For The Current Fiscal FY18, According To The Central Statistics Office. The GDP Growth In The Previous Fiscal (FY 17) Stood At 7.1%.
January 04: Strong Day Of Trade For The Market With Both Benchmarks Staging A Good Recovery From Yesterday. BTVI’s Nivrita Ganguly Gets Us A Complete Wrap Up Of Market On Thursday.
December 28: The Market Regulator Securities And Exchange Board Of India (SEBI) On Thursday Approved Convergence Of Stock And Commodity Bourse From October 2018. JN Gupta, Former Executive Director Of SEBI Says That The Decision Has Been Taken In Interest Of Investors.
Completes acquisition of 49% stake in the projects from MBL Group
Total consideration of Rs 2,300 Cr
Projects involve 4-laning of sections of NH-72A & NH-73
Sets Rights Ratio Of 4 Fully Paid Shares For 25 Held
To issue up to 15.5 cr fully paid-up shares for up to Rs 8,000 cr
Sets Rights Issue Price At Rs 510/Fully Paid Share
To issue up to 7.8 cr partly paid-up shares for up to Rs 4,800 cr
Sets Rights Issue Price At Rs 615/Partly Paid Share
Gets 2 new orders worth Rs 205 Cr from Public Utilities Corp, Seychelles
Projects in waste water sector
Projects funded by European Investment Bank
Cos order backlog increases to Rs 2,200 cr, which is an all-time high
J KUMAR INFRAPROJECTS
Gets LOA for 2 projects from Delhi Metro Rail Corp
Work includes finishing works of 8 stations of Mumbai Metro Rail Project
Cost of Contracts stands at nearly Rs 57 cr
To acquire entire equity share capital of arm Travel News Services
Deal amounts to Rs 85 cr, with additional consideration of Rs 15 cr
Post acquisition, TNSI Retail to become step-down arm of co
TNSI JV Welcome Retail Private Limited to become step-down arm
Deal likely to be completed in 12-16 weeks
Note: Travel News Services (TNSI)
Effect of acquisition
Consolidation of retail business of FRL
To help FRL expand its presence at Airports, Metro Stations, Universities
Will have access to retail brand WH Smith", license for which is held by co
Note: Future Retail (FRL)