Gold Silver Reports (GSR) – Stocks To Watch: Axis Bank, Bharti Infratel, Cipla, Reliance, LIC Housing – The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, fell 0.5 percent to 10,554 as of 7:20 a.m. Asian stocks had a mixed start Monday, with investors continuing to assess the outlook for trade discussions and geopolitical tensions. Equity benchmarks rose in Sydney, while those in Tokyo and Seoul were little changed.
📌 Cipla’s Pithampur plant gets three observations from U.S. FDA.
📌 U.S. FDA concludes the inspection of Unichem Labs’ Ghaziabad facility with no observations.
📌 Coal India plans 41.5 million tons forward coal auctions in the current financial year
📌 Axis Bank commenced succession process for a new chief executive officer and managing director and appoints Egon Zehnder to succession conduct process
📌 SJVN signs accord with power ministry and aims to achieve 9,200 million units in financial year 2019
📌 RIL says it is not aware of any further investigation undertaken by the I-T department regarding the Rs 6,500-crore foreign direct investment by Biometrix in the company’s group entities.
📌 Adani Enterprises forms a joint venture with Prakash Asphaltings for Bilaspur Pathrapali Road Private Ltd. in the ratio of 74:26.
📌 Indian Hume Pipe Company secures Rs 578.50 crore order from Madhya Pradesh Jal Nigam Maryadit.
📌 Kitex Garments Board to meet on April 25, 2018 to consider proposal for further investments.
📌 India Ratings upgrades HEG Limited’s Long-Term Issuer Rating to ‘IND AA’ from ‘IND A+’. The Outlook is Stable
📌 Orchid Pharma says committee of creditors have rejected all three bids for the company.
📌 Morepen Labs appeals to NCLAT against the order passed by NCLT, Chandigarh bench.
📌 Electrosteel Steels says steering committee was set up as per resolution plan
📌 Lenders of Nagarjuna Oil Corporation decide that the company should go for liquidation.