Gold Silver Reports (GSR) – Supreme Court Halts Reliance Communication Asset Sale – Shares of the debt-ridden company fall as much as 4.7 percent after the apex court halted its asset sale. HSBC Daisy Investments and other minority shareholders had moved Supreme Court against National Company Law Appellate Tribunal (NCLAT)’s order that allowed State Bank of India-led bankers to sell mortaged assets of Reliance Infratel, the tower unit of Reliance Communications.
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NSE Studying Technical, Legal Aspects of SGX’s India Futures
Gold Silver Reports (GSR) – Indian exchanges had on 9 February decided to bar overseas exchanges from trading in Nifty derivatives, in an attempt to check migration of trades away from Indian exchanges. Two months later, on 11 April, SGX announced a new product which works just like the Nifty index, bypassing the Indian exchanges.
Cipla Shares Rise 4.2% On Heavy Trading Volume
Cipla Shares Rise 4.2% On Heavy Trading Volume – Shares of the drugmaker rose 4.2 percent to Rs 579, the highest level since March 12. Trading volume …
ICICI Bank Block Deal Alert
ICICI Bank Block Deal – ICICI Bank has 12 lakh shares change hands in a block deal Buyers and sellers were not immediately known.
Gruh Finance Gains After Announces Bonus Shares
Gold Silver Reports (GSR) – Gruh Finance Gains After Announces Bonus Shares – Shares of the lender rose as much as 6.5 percent after its fourth quarter net income beat analyst forecast. The company announced the issue of one bonus share for each held. The stock was the second-best performer on the S&P BSE 500 Index. Trading volume was 1.4 times its 3-month full-day average.
UCO Bank Slumps As Ex-Chairman, Others Charged In Fraud
Gold Silver Reports (GSR) – UCO Bank Slumps As Ex-Chairman, Others Charged In Fraud — The stock plunged 18 percent intraday to lowest since August 2006 …
Infosys Falls After FY19 Margin View Lower Than Year Ago
Infosys Falls After FY19 Margin View Lower Than Year Ago — Shares of the country’s second-largest software services company declined as much as 6.2 percent, most intraday since Aug. 18, after the IT firm said it expects its operating margin in 22 to 24 percent range this year, lower than previous year’s 23 to 25 percent view.