Commodities Weekly Research Report
Dated: 10-09-2018 To 14-09-2018
Coca-Cola on Friday announced a shock deal to buy the coffee chain Costa Coffee from its parent company Whitbread in a deal valued at just shy of $5.1 billion (£3.9 billion).
Investors taking physical delivery of securities to settle derivative contracts will have to pay a tenfold higher transaction tax than those who settle in cash.
That’s because the taxman clarified to the Bombay High Court that the same securities transaction tax rate will apply to physical settlement in derivatives and equity segments. For taking delivery of shares, investors will now pay Rs 10,000 for every Rs 1 crore of transaction value, compared with Rs 1,000 earlier.
Gold Silver Reports (GSR) – LIC Stake Not To Exceed 14.9% Post Issue, Says IDBI Bank – Shares of the state-run lender fell as much as 5.4 percent to Rs 58 after the bank said that Life Insurance Corporation’s stake will not exceed 14.9 percent up on share issue.
Stock Market — Stressed power generation companies fell after a court rejected their plea to ease RBI rules on bad loans, clearing the way for lenders to take these assets to bankruptcy courts and raising prospects of loan write-offs.
Gold Silver Reports (GSR) – Reliance Naval And Engineering Falls After Anil Ambani Resigns – Shares of the Mumbai-based defence equipment maker fell as much as 5 percent to Rs 15.35 after its director Anil Ambani resigned from the company on Aug. 25.