Infibeam Surges Most in Three Months After Smaller Cap World Fund Buys Stake — Shares of the Ahmedabad-based online shopping website operator rose as much as 6.5 percent, the most in three months, to Rs 162 after Smaller Cap World Fund Inc. bought 1.89 crore shares or 3.5 percent equity at Rs 152 each.
Neal Bhai
Rupee Opens Higher Against U.S. Dollar
Gold Silver Reports (GSR Team) — Rupee Opens Higher Against U.S. Dollar — Rupee opened higher at 65.08 versus U.S. dollar against its previous close of 65.18. …
Galaxy Surfactants Falls Below Issue Price After U.S. FDA Issues Form 483
Gold Silver Reports (GSR) – Galaxy Surfactants Falls Below Issue Price After U.S. FDA Issues Form 483 — The Mumbai-based specialty chemical maker fell as much as 4.2 percent to Rs 1,429 after it received 13 observations from the U.S. drug regulator for two products — Octyl Methoxy Cinnamate and Octocylene manufactured from its facility at Tarapur in Maharashtra and Jhagadia in Gujarat, the company said in an exchange filing.
RPG Life Sciences Rallies After Large Block Deal
Gold Silver Reports (GSR) – RPG Life Sciences Rallies After Large Block Deal — Shares of the Mumbai-based drug maker rose as much as 10 percent, the most in over a month, to Rs 436.90 after 71 lakh shares or 42.9 percent equity changed hands in pre-market trade.
PSU Banks Rally After RBI Allows Banks To Spread Bond-Trading Losses
Gold Silver Reports (GSR) – PSU Banks Rally After RBI Allows Banks To Spread Bond-Trading Losses — Shares of the government-owned banks were trading higher after the Reserve Bank of India allowed banks to spread their bond-trading losses incurred in the December 2017 and March 2018 quarters equally over as long as four quarters.
Paytm Mall Raises Rs 2,900 Crore From SoftBank, Alibaba
Gold Silver Reports (GSR) – Paytm Mall Raises Rs 2,900 Crore From SoftBank, Alibaba — Paytm Mall has raised close to Rs 2,900 crore from SoftBank Investment Holdings and Alibaba.com Singapore e-commerce in a deal that values the online shopping venture of Paytm at $2 billion.
Stocks To Watch: Essar Steel, Fortis Healthcare, JSW Steel, Tata Steel, Vedanta
Gold Silver Reports (GSR) – Stocks To Watch: Essar Steel, Fortis Healthcare, JSW Steel, Tata Steel, Vedanta — Asian stocks declined as a sell-off in once much-favored U.S. technology shares deepened and volatility soared.