Closing Index

 31 Dec 2020

BSE CLOSED @ 47751.33 ✅ 138.25 Points 

NSE CLOSED @ 13981.75 ✅ 49.15 Points 

BankNifty Closed 31264.50 ❌ 58.00 Points 

India VIX Closed 21.0950 ❌ 0.0150 Points.

December Expiry Nifty Closed 13981.75 ✅ 994.75 !

Monthly Dec 2020

BSE CLOSED @ 47751.33 ✅ 3601.61 Points 

NSE CLOSED @ 13981.75 ✅ 1012.80 Points

BankNifty Closed 31264.50 ✅ 1655.45 Points 

India VIX Closed 21.0950 ✅ 1.2775 Points.

2020 Yearly Closed 

BSE CLOSED @ 47751.33 ✅ 6497.59 Points 

NSE CLOSED @ 13981.75 ✅ 1813.30 Points

BankNifty Closed 31264.50 ❌ 897.15 Points 

India VIX Closed 21.0950 ✅ 9.4275 Points.

Stocks in the news

Shriram Transport Finance: The company approved and allotted senior secured rated, listed redeemable NCD of the face value of Rs 10 lakh each on a private placement basis.

Filatex India: The company's proposed installation of captive rooftop solar power generation of 1.0 MW at Dahej and 0.4 MW at Dadra has been successfully completed and commenced commercial operation w.e.f. 30th December 2020.

Sangam India: Company board approved allotment of 40 lakh equity shares at a price of Rs 50 per equity shares aggregating to Rs 20 crore.

FDC: The company to expand its production capacity by the installation of an additional BFS machine.

Fortis Healthcare: ICRA upgraded the long-term rating for the line of credit of the company's subsidiaries- SRL Limited and SRL Diagnostics Private Limited.

Electrotherm (India): The company said it defaulted on the payment of the term loan & working capital loan of Rs 0.62 crore on November 30.

Ortin Laboratories: NCLT sanctioned the scheme of arrangement between Ortin Laboratories and Vineet Laboratories and their respective shareholders and creditors.

Fno Ban Stocks 31.12.2020

Stock under F&O ban on NSE 31-Dec-20

1 CANBK

2 PNB

Corporate Actions / Board Meetings

Today's Corporate Action 31st Dec Ex Date

ENGINEERS INDIA LTD. Buy Back of Shares

INDUSTRIAL & PRUDENTIAL INVESTMENTS CO.LTD. Buy Back of Shares

Pilani Investment and Industries Corporation Ltd Bonus issue 2:5

Today's Key Results/Board Meetings 31-Dec-20

BANASFN General

CMMHOSP General

DECIPHER General

JAGSONAI Quarterly Results

RITCO General

SAMINDUS General

TILAK General

Board Meetings

Nitin Castings: The board will meet on December 31 for general purposes.

Spandana Sphoorty Financial: The board will meet on December 31 for general purposes.

Goenka Business & Finance: The board will meet on December 31 for general purposes.

Closing Index

 30 Dec 2020

BSE CLOSED @ 47613.08 ❌ 133.14 Points 

NSE CLOSED @ 13932.60 ❌ 31.10 Points 

BankNifty Closed 31322.50 ✅ 19.45 Points 

India VIX Closed 21.1100 ✅ 0.3200 Points.

Fno Ban Stocks

Stock under F&O ban on NSE 30-Dec-20

1 PNB

2 SAIL

Corporate Actions / Board Meetings

Today's Corporate Action 30th Dec Ex Date

None

Today's Key Results/Board Meetings 30-Dec-20

ASMTEC Bonus issue;Increase in Authorised Capital

BIBCL A.G.M.;General;Quarterly Results

CMI General;Preferential Issue of shares

DEL General

GANESHHOUC General

HSIL* Buy Back of Shares

IFBIND Amalgamation

KAARYAFSL General

KILPEST General

NARBADA Increase in Authorised Capital

NCC Issue Of Warrants

PFC General

PRISMX General

RITES Interim Dividend

Stocks in the news

Paisalo Digital: Elara India Opportunities Fund reduced stake in the company to 1.76% from 4.37% earlier by selling 2.6% stake via open market transaction.

UPL: Company completed the pre-payment of $410 million of 3.25% Senior Notes due October 2021. This prepayment is in line with its commitment to reduce debt.

Jindal Steel & Power: Company gets 'regular supplier' status from Indian Railways to supply 60kg 880 grade (90UTS) Rails.

IFGL Refractories: ICRA upgraded credit rating assigned for Rs 173 crore line of credit of the company.

Jindal Stainless Hisar: Board of directors of Jindal Stainless (JSL) and Jindal Stainless (Hisar) (JSHL) approved the merger of JSHL into JSL. As per the approved share swap ratio, 195 equity shares of JSL will be issued for every 100 equity shares of JSHL.

IIFL Securities: Company to open its Rs 90-crore share buyback on December 30.

Jindal Stainless Limited: The Board of Directors of Jindal Stainless and Jindal Stainless (Hisar) (JSHL) have approved the merger of Jindal Stainless (Hisar) into Jindal Stainless. As per the approved share swap ratio, 195 equity shares of Jindal Stainless will be issued for every 100 equity shares of Jindal Stainless (Hisar). With the appointed date of April 1, 2020, the merger process is expected to be completed in H2 FY22. Merged entity to have stainless steel melt production capacity of 1.9 Million Tonnes Per Annum. The merger will also induce a simplified capital structure, expanding the turnover of the merged business to Rs 20,000 crore.

Jindal Steel & Power: Indian Railways has awarded Regular Supplier status to the company for 60 kg 880 grade (90UTS) Rails. With this, Indian Railways, its subsidiary and track laying contractors can source 60kg 880 grade (90UTS) Rails manufactured by JSPL and utilise them for their ongoing and upcoming projects.

UPL: Has completed the pre-payment worth $410 million of 3.25% Senior Notes due October 2021. The pre-payment, which concluded on December 28, 2020, was done using the cash on its balance sheet. This prepayment is in line with its commitment to reduce debt.

Sadbhav Engineering: A meeting of equity shareholders to be held on January 29, 2021 to consider and approve the Scheme of Amalgamation of Sadbhav Infrastructure Project with Sadbhav Engineering and their respective Shareholders and Creditors.

NLC India: Has issued and allotted 10,000 Commercial Papers of face value of Rs 5 lakh each, aggregating to Rs 500 crore.

APL Apollo Tubes: CARE Ratings has revised the credit rating of long-term bank facilities of the company to AA-/Stable and has reaffirmed the credit rating of short-term bank facilities at A1+.

Gujarat State Fertilisers & Chemicals: India Ratings and Research has affirmed the rating of AA+ on long-term bank facilities and the rating of A1+ on short-term bank facilities of the company.

Torrent Pharmaceuticals: The company has redeemed and repaid secured NCDs of Rs 166.70 crore out of the total NCDs of Rs 500 crore on December 29.

Some key events coming up

U.S. pending home sales and goods trade balance data are due Wednesday.

U.S. initial jobless claims figures are published Thursday.

Most global stock markets are closed Friday for New Year’s Day.

These are the main moves in markets:

Stocks

The S&P 500 Index fell 0.2% as of 4 p.m. New York time.

The Stoxx Europe 600 Index gained 0.8%.

The MSCI Asia Pacific Index jumped 1.4%.

The MSCI Emerging Market Index increased 1.1%.

Currencies

The Bloomberg Dollar Spot Index sank 0.4%.

The euro increased 0.3% to $1.2249.

The British pound gained 0.4% to $1.3499.

The Japanese yen strengthened 0.3% to 103.53 per dollar.

Bonds

The yield on 10-year Treasuries rose one basis point to 0.93%.

Germany’s 10-year yield dipped less than one basis point to -0.58%.

Britain’s 10-year yield fell four basis points to 0.21%.

Commodities

West Texas Intermediate crude gained 0.8% to $47.99 a barrel.

Gold strengthened 0.3% to $1,879.61 an ounce

Closing Index

 29 Dec 2020 

BSE CLOSED @ 47613.08 ✅ 259.33 Points 

NSE CLOSED @ 13932.60 ✅ 59.40 Points

BankNifty Closed 31322.50 ✅ 441.55 Points 

India VIX Closed 20.7900 ✅ 0.3625 Points.

Stocks in the news

Biocon - The company expands its generic formulations portfolio with the launch of Tacrolimus capsules in the US.

3i Infotech - The company approved slump sale of the global software products business on a going concern basis to Azentio Software.

GE Shipping - The company has delivered its 2000 built Suezmax Crude Carrier “Jag Lateef” to the buyers.

SBI Life Insurance Company - The company approved the appointment of Shobinder Duggal as an additional director.

Sri Adhikari Brothers Television Network - 14th meeting of the Committee of Creditors of the company is scheduled to be convened on December 29, 2020.

AU Small Finance Bank: Announced strategic partnership with ICICI Prudential Life Insurance to offer personalised insurance solutions. The bank aims to deliver paperless, secure, and hassle-free life insurance solutions to more than 18 lakh customers through digital platform with ICICI Prudential Life. Further over 700 banking touchpoints of AU Small Finance Bank across 13 states and 2 union territories will receive the entire suite of customer-centric protection and long-term savings products of ICICI Prudential Life for retirement and critical illness

Biocon: Announced the launch of Tacrolimus capsules in the U.S. Tacrolimus is an immunosuppressant used in the treatment of organ transplant patients, which reduces the body’s ability to reject a transplanted organ.

Titan: Board gives approval to provide corporate guarantees worth Rs 906 crore to various banks on behalf of Titan Commodity Trading Ltd., which is a wholly-owned subsidiary.

Tube Investments of India: Completes one-time settlement and restructuring of funded facilities and guaranteed debt of CG Power as per the terms agreed upon.

Cochin Shipyard: A meeting of the Board of Directors is scheduled to be held on January 4, 2021 to consider the declaration of an interim dividend to the shareholders of the company for the financial year 2020-21.

Rane Holdings: ICRA has reaffirmed the long-term rating of Rs 100 crore bank limit at AA- and has reaffirmed the short-term rating at A1+.

Future Supply Chain Solutions: The shareholders approved the re‐appointment of Mayur Toshniwal as Managing Director for a period of three years at the AGM.

3i Infotech: The Board of Directors have approved the slump sale of the global software products business of the company on a going concern basis to Azentio Software, subject to the receipt of approvals and executed inter alia business transfer agreement between the company and the buyer. The sale is expected to be completed by March 31, 2021. This will be done for a total consideration of Rs 1,000 crore.

Fno Ban Stocks 29.12.2020

Stock under F&O ban on NSE 29-Dec-20

1 CANBK

2 PNB

3 SAIL

Corporate Actions / Board Meetings

Today's Key Results/Board Meetings 29-Dec-20

BOMBPOT A.G.M.;General

CONTPTR General

FRUTION General

GDL Interim Dividend

GLITTEKG A.G.M.;General

JSL General;Scheme of Arrangement

JSLHISAR General;Scheme of Arrangement

LAHL General

REFEX Interim Dividend;General

SARLAPOLY General

SBTL A.G.M.;Audited Results;General

VIKASPROP Quarterly Results

Board Meetings

Jindal Stainless: The board will meet on December 29 to discuss the scheme of arrangement.

Gateway Distriparks: The board will meet on December 29 to consider and approve the interim dividend.

Vikas Proppant & Granite: The board will meet on December 29 to consider and approve quarterly results.

Sarla Performance Fibers: The board will meet on December 29 for general purposes.

Some key events coming up

U.S. pending home sales and goods trade balance data are due Wednesday.

U.S. initial jobless claims figures are published Thursday.

Most global stock markets are closed Friday for New Year’s Day.

These are the main moves in markets:

Stocks

The S&P 500 Index rose 0.9% as of 4 p.m. in New York.

The Stoxx Europe 600 Index rose 0.7%.

The MSCI Asia Pacific Index gained 0.1%.

The MSCI Emerging Market Index slipped 0.2%.

Currencies

The Bloomberg Dollar Spot Index rose 0.1%.

The euro rose 0.1% to $1.2208.

The British pound decreased 0.8% to $1.3449.

The Japanese yen weakened 0.4% to 103.86 per dollar.

Bonds

The yield on 10-year Treasuries increased less than one basis point to 0.93%.

Germany’s 10-year yield declined two basis points to -0.57%.

Britain’s 10-year yield was unchanged at 0.25%

Commodities

West Texas Intermediate crude fell 1.2% to $47.66 a barrel.

Gold fell 0.5% to $1,873.58 an ounce.

Closing Index

 28 Dec 2020

BSE CLOSED @ 47353.75 ✅ 380.21 Points 

NSE CLOSED @ 13873.20 ✅ 123.95 Points 

BankNifty Closed 30880.95 ✅ 478.75 Points 

India VIX Closed 20.4275 ✅ 0.4600 Points.

Stocks To Watch

Coal India: Board accorded in-principle approval to venture into Aluminium Value Chain and Solar Power Value Chain. It has also approved creating Special Purpose Vehicles (SPVs), subject to approval from the Niti Aayog, DIPAM and after feasibility studies and business analysis are completed and financial viability is established for Solar Power Value Chain, New & Renewable Energy business vertical and an integrated aluminium complex, which will be a greenfield project by Central Coalfields.

Cadila Healthcare: Zydus Cadila submits Phase I and II clinical trial data of ZyCoV-D and has sought approval to begin phase III clinical trials. Immunogenicity in Phase II clinical trial of ZyCoV-D in healthy subjects clearly established as also endorsed by the Independent Data Safety Monitoring Board. The company plans to initiate Phase III clinical trials in around 30,000 volunteers post necessary approvals

NIIT: Board approves buyback of 98.75 lakh equity shares of face value of Rs. 2 each. The buyback amounts to 6.97% of the total equity. Buyback price of Rs 240 per share is a 20% premium to Thursday's closing price.

Westlife Development: Royalty for FY21 and FY22 remains fixed at 4%. The company has opened four new stores post March 2020. Over the last two quarters, the company has seen healthy recovery in business with dine-in building up rapidly, even as its convenience channels continue to grow.

DLF: DLF Cyber City Developers enters into a securities purchase agreement with Hines to acquire 51.8% stake in Fairleaf for a purchase consideration of approximately Rs 780 crore. The transaction is expected to be consummated in the next quarter, subject to requisite closing conditions, post which Fairleaf will become a wholly-owned subsidiary of DLF Cyber City Developers. DCCDL already holds 48.2% stake in Fairleaf.

Advanced Enzymes Technologies: To acquire 51% of equity share capital of SciTech Specialities, post which, SSPL will become a subsidiary of the company. The acquisition will be done for a cash consideration of Rs 31.26 crore and is likely to be completed by January 31, 2021. SSPL specialises in effervescent granules and tablets and the acquisition fits with the company's move to expand into the B2C business.

Lupin: Gets tentative approval from the U.S. FDA for its Efinaconazole Topical Solution, 10%. It is used in the topical treatment of onychomycosis of the toenails. For the 12-months ending September 2020, it had annual sales of $222.9 million in the U.S., as per IQVIA data.

Dish TV: Gets demand notice worth Rs 4,164.05 crore from the Ministry of Information and Broadcasting. The said amount includes License Fee Payable and accrued interest thereon. The ministry has asked the company to remit the amount within a period of 15 days. The company also said that the amount is further subject to verification and audit and outcome of various court cases pending before the TDSAT, the Jammu & Kashmir Highcourt and the Supreme Court, in the matter of DTH License fee.

Asian Granito: Expanding export network to over 120 countries from 100. Anti-China sentiments, reduction in gas proces and robust export orders from U.S., Europe, U.K. and the Middle-East are driving the export business in the current fiscal and it is likely to get further momentum in the coming months. 

Consolidated exports rose to around 17.6% of overall revenue in H1FY21 as compared to 13.8% in H1FY20. Inaugurated 15,000 square feet AGL Export House at Morbi to strengthen the company's international operations.

Biocon: U.S. FDA informs Biocon Biologics of deferred action on the Biologics License Application (BLA) for MYL-14020, a proposed biosimilar to Avastin. The agency noted that an inspection of the manufacturing facility is required as part of the standard review process. However, due to restruction on travel, the agency is unable to conduct an inspection during the current review cycle.

Stocks in the news

DLF: DLF Cyber City to acquire Hines' stake in One Horizon Center for Rs 780 crore.

Central Bank of India: Bank to sell entire 64.4% stake in Cent Bank Home Finance to Centrum Housing Finance.

Lupin: Company received tentative approval from US FDA for generic of Jublia solution.

TD Power Systems: CRISIL upgraded company's long term credit rating to A-/Stable from BBB+/Stable.

JK Cement: SBI Mutual Funds reduced stake in company to 4.97% from 5.89% via market sale.

Balaji Telefilms: Company has entered into collaboration with Ding Infinity to produce premium shows and films.

Coal India: Board accorded approval to venture into aluminium value chain (mining-refining-smelting) and solar power value chain (Ingot-wafer-cell-Module-and-generation).

Fno Ban Stocks 28.12.2020

 Stock under F&O ban on NSE 28-Dec-20

1 CANBK

2 PNB

Corporate Actions

Today's Key Results/Board Meetings 28-Dec-20

PHYTO General

TRADWIN Audited Results;General;Quarterly Results

UNQTYMI General

WEPSOLN Amalgamation;General

Analysts/Board Meetings Advanced Enzyme Technologies: Company's officials will hold conference call with InCred AMC and IIFL AMC on December 28. South Indian Bank: Company's officials will hold conference call with investors and analysts on December 26 to discuss bank's Vision 2024. Mishra Dhatu Nigam: Analyst/Investor call with the company is scheduled to be held on December 29. Symphony: Company's officials will interact with DSP Investment Managers on December 29. ASM Technologies: Board meeting is scheduled on December 30 to consider a proposal for increase in authorised capital and issue of bonus shares. ICICI Securities: Board meeting is scheduled on January 25 to consider the audited financial results of the company for the quarter and nine months ended December 31, 2020. Everest Industries: Board meeting is scheduled on January 20 to consider the audited financial results of the company for the quarter and nine months ended December 31, 2020.

Closing Index

 24 Dec 2020 

BSE CLOSED @ 43973.54 ✅ 529.36 Points 

NSE CLOSED @ 13749.25 ✅ 148.25 Points 

BankNifty Closed 30402.20 ✅ 518.90 Points 

India VIX Closed 19.9675 ❌ 0.5275 Points.

Weekly 21 -- 24 Dec 2020 

BSE CLOSED @ 46973.54 ✅ 12.85 Points 

NSE CLOSED @ 13749.25 ❌ 11.30 Points 

BankNifty Closed 30402.20 ❌ 312.45 Points 

India VIX Closed 19.9675 ✅ 1.3450 Points.

New Listing - Bector Food

 Bector Food - Mrs Bectors Food Special

Code : 543253 / 1628

ISIN : INE495P01012

GROUP : B / EQ

FV : 10

ISSUE PRICE : 288

Stocks in the news

Mrs Bectors Food Specialities: Company to debut on bourses on December 24, final issue price has been fixed at Rs 288 per share.

Dish TV, Den Networks, GTPL Hathway, Hathway Cable etc in focus: Cabinet approved the change in norms to allow 100% FDI in DTH services, saying DTH licence will be issued for 20 years and licence fee will be collected quarterly.

Bharti Airtel: Company added 36.74 lakh users in October against 37.8 lakh additions in September, 2020.

Vodafone Idea: Company lost 26.56 lakh users in October against the loss of 46.53 lakh users in September.

Orient Bell: Equity Intelligence India & Porinju Veliyath increased shareholding in the company to 5.02% from 4.91% earlier.

ARSS Infrastructure Projects: Company received order for execution of work of 4 laning of Itanagar to Banderdewa section of NH-415 on EPC mode in Arunachal Pradesh.

Fno Ban Stocks 24.12.2020

 Stock under F&O ban on NSE 24-Dec-20

1 CANBK

2 PNB

Corporate Actions / Board Meetings

Today's Corporate Action 24th Dec Ex Date

GUJRAFIA E.G.M.

VALIANTORG Bonus issue 1:1

Today's Key Results/Board Meetings 24-Dec-20

ABANSENT Interim Dividend

BNRSEC General

DHANVARSHA General

DHRUV General

RAMASIGNS General

SBTL Audited Results;A.G.M.;General 

Analysts/Board Meetings

Crompton Greaves Consumer Electricals: Company's officials will interact with Rondure Global and AGF on December 24.

HLE Glascoat: Officials of the company will be interacting with analysts and investors on December 24 via video conference and/or conference calls.

Continental Petroleums: Board meeting is scheduled on December 29 to consider resignation of Khushbu Kanwar as company secretary and compliance officer

Some key events coming up:

U.S. bond and stock trading and markets in other parts of the world will shut early on Thursday for the Christmas holidays. Most global markets are shut Friday.

Here are the main moves in markets:

Stocks

The S&P 500 Index increased 0.1% to 3,690.01 as of 4:07 p.m. New York time.

The Dow Jones Industrial Average advanced 0.4% to 30,129.83.

The Nasdaq Composite Index declined 0.3% to 12,771.11, the largest decrease in two weeks.

The Stoxx Europe 600 Index jumped 1.1% to 395.49.

The MSCI All-Country World Index climbed 0.4% to 636.07.

Currencies

The Bloomberg Dollar Spot Index fell 0.4% to 1,127.31, the biggest fall in more than a week.

The euro gained 0.2% to $1.2191.

The British pound surged 1% to $1.3498, the biggest jump in almost seven weeks.

The Japanese yen strengthened 0.1% to 103.53 per dollar.

Bonds

The yield on 10-year Treasuries increased three basis points to 0.94%, the biggest increase in almost three weeks.

Germany’s 10-year yield climbed five basis points to -0.55%, hitting the highest in three weeks with the first advance in a week and the largest surge in more than six weeks.

Britain’s 10-year yield jumped 10 basis points to 0.286%, the biggest surge in about nine months.

Commodities

West Texas Intermediate crude gained 2.2% to $48.04 a barrel, the largest rise in almost two weeks.

Gold strengthened 0.6% to $1,872.33 an ounce.

Closing Index

 23 Dec 2020 

BSE CLOSED @ 46444.18 ✅ 437.49 Points 

NSE CLOSED @ 13601.10 ✅ 134.80 Points 

BankNifty Closed 29883.30 ✅ 257.35 Points 

India VIX Closed 20.4950 ❌ 1.4900 Points.

Stocks To Watch

Wipro: The company has announced a significant, strategic, digital and I.T. partnership deal with METRO AG. As part of this transaction, Wipro will take over the I.T. units of METRO AG — METRO-NOM GMBH in Germany and METRO Systems Romania S.R.L. The estimated deal value for the duration of the first 5 years is approximately $700 million. With the intention to extend up to 4 additional years, it can be a potential spend of up to $1 billion.

Infosys: Daimler and Infosys have announced a long-term strategic partnership for a technology-driven I.T. infrastructure transformation. After the receipt of all regulatory approvals, Daimler AG will transform its I.T. operating model and infrastructure landscape across workplace services, service desk, data center, networks and SAP Basis together with Infosys. The collaboration will empower Daimler to strengthen its IT capabilities, and Infosys, its automotive expertise.

Bajaj Auto: To spend Rs 650 crore to set up a new manufacturing facility at Chakan, Maharashtra. The company has signed a Memorandum of Understanding with the state government for the same. The factory to be utilized for manufacturing high-end KTM, Husqvarna and Triumph motorcycles as well as for electric vehicles starting with the Chetak scooter. The facility is expected to commence production in 2023.

Jubilant Foodworks: Introduced plant-protein Pizza called ‘The Unthinkable Pizza.’ To be available at all Domino's restaurants across Delhi NCR, Mumbai and Bengaluru. The company had forayed into the Biryani space last week with the launch of Ekdum! brand.

Zensar Technologies: Has been selected by NFU Mutual, the UK’s leading rural insurer, to form a new strategic technology and digital relationship to support multiple technologies that underpin a number of the company’s key business systems.

Fine Organic Industries: The Maharashtra Pollution Control Board has directed the company to stop operations at factory premises situated at Plot No. N-2, MIDC Additional, Ambernath, Thane for alleged violation of the provisions of Water (Prevention and Control of Pollution) Act, 1974, Air (Prevention and Control Pollution), Act, 1981 and the Rules made thereunder. The company says it is taking steps to respond to the notice.

Dishman Carbogen Amcis: Promoter Adimans Technologies LLP sold 19.74 lakh shares to non-retail investors on December 18, 2020 and sold 18,674 shares to retail investors on December 21, 2020, through the Offer for Sale. In aggregate, this amounts to 1.27% of the equity share capital of the company. The company had planned to sell close to 69 lakh shares i.e. 4.4% of the total paid-up equity share capital, through the OFS.

Aster DM Healthcare: The subsidiary of the company, Aster Caribbean Holdings, has entered into an agreement with the Cayman Islands Government to further a healthcare project in the Cayman Islands to be known as the Aster Cayman Medcity for the provision of healthcare services. The agreement will see Aster initially develop a 150-bed comprehensive, tertiary and quaternary hospital, alongside an assisted living facility and healthcare university in the long-term.

IFB Agro Industries: The company has alleged that its alcohol business is under threat, as it has been singled out by certain excise officials for not succumbing to their illegal demands and have requested the Chief Minister of West Bengal and also Finance, Commerce and Industry Minister of the state to look into the matter.

Forbes & Company: The Board of Directors has approved entering into Memorandum of Understanding with GPX India and Equinix India for sale of approximately 3.804 acres of land at Chandivali for a consideration of Rs 200 crore. The MoU is terminable at the option of GPX. The Agreement for Sale is expected to be executed by January 31 , 2021 and the completion of the Proposed Transaction is expected to be completed in March 2021.

Mahindra & Mahindra: SsangYong Motor Company, a material subsidiary of the company, has intimated the Korean Stock Exchange that it could not repay the loan amount of 40 billion KRW (approximately Rs 268 crore) to JP Morgan on account of SYMC's application for rehabilitation.

Jagran Prakashan: The company has subscribed 25 lakh shares in its immaterial wholly-owned subsidiary, Mid-day Infomedia Limited, of Rs 10 each at a premium of Rs 10 per share, for cash on rights basis. The investment is made to provide long-term funding to Mid-day Infomedia.

LT Foods: CRISIL has revised its outlook on the long-term bank facilities of the company to 'Positive' from 'Stable' while reaffirming the rating at 'A-'. The short-term rating has been reaffirmed at 'A2+'.

JSW Steel: Periama Holdings, an indirect wholly-owned subsidiary of JSW Steel, has allotted additional fixed rate senior unsecured notes of $250 million. The additional notes are fungible, consolidated and form a single series with the fixed rate senior unsecured notes of $500 million issued by the Issuer in October 2020. 

Fno Ban Stocks 23.12.2020

Stock under F&O ban on NSE 23-Dec-20

1 CANBK

2 PNB

3 SAIL

4 SUNTV

Corporate Actions / Board Meetings

Today's Corporate Action 23rd Dec Ex Date

MJCO Interim Dividend - Rs. - 974.0000

RAJESHEXPO Dividend - Rs. - 1.0000

TOWERINFRA Income Distribution (InvIT)

Today's Key Results/Board Meetings 23-Dec-20

20MICRONS General

ARAMBHAN General

CRPRISK Audited Results;A.G.M.;Half Yearly Results;General 

DHAMPURSUG General

Main moves in markets

Stocks

The S&P 500 Index decreased 0.2% to 3,687.27 as of 4:02 p.m. New York time, the lowest in more than a week.

The Dow Jones Industrial Average sank 0.7% to 30,015.51, the lowest in more than a week on the biggest dip in more than three weeks.

The Nasdaq Composite Index increased 0.5% to 12,807.92, the highest on record.

The Stoxx Europe 600 Index surged 1.2% to 391.25, the biggest jump in five weeks.

Currencies

The Bloomberg Dollar Spot Index jumped 0.6% to 1,132.18, the highest in more than a week on the largest climb in almost eight weeks.

The euro sank 0.7% to $1.2162, the weakest in a week on the biggest dip in more than four months.

The British pound fell 0.7% to $1.3368, the weakest in more than a week on the largest drop in more than a week.

The Japanese yen depreciated 0.3% to 103.66 per dollar, the weakest in a week on the biggest dip in more than two weeks.

Bonds

The yield on 10-year Treasuries declined two basis points to 0.92%, the largest drop in more than a week.

Germany’s 10-year yield declined two basis points to -0.60%, the lowest in a week on the biggest fall in more than a week.

Britain’s 10-year yield declined two basis points to 0.183%, the lowest in more than a week.

Commodities

West Texas Intermediate crude dipped 2.1% to $46.94 a barrel, the lowest in more than a week.

Gold depreciated 0.9% to $1,860.77 an ounce, the weakest in a week on the largest dip in almost two weeks.

Closing Index

22 Dec 2020 

BSE CLOSED @ 46006.69 ✅ 452.73 Points 

NSE CLOSED @ 13466.30 ✅ 137.90 Points

BankNifty Closed 29625.95 ✅ 169.50 Points 

India VIX Closed 21.9850 ❌ 1.2050 Points. 

Analysts/Board Meetings

Puravankara: Company's officials will interact with Spark Capital Advisors (India) on December 22.

Balaji Amines: Company's officials will interact with BOB Capital Markets on December 22.

Sudarshan Chemical Industries: Company's officials will interact with Franklin Templeton on December 22, Enam AMC on December 23 and Dolat Capital on December 23.

JTL Infra: Company to consider the fund raising by way of issue of securities on preferential basis to certain strategic investors, on December 26.

WeP Solutions: Company is scheduled to consider and approve the scheme of amalgamation of subsidiary WeP Digital Services with WeP Solutions on December 28.

Nestle India: Company will consider its December quarter earnings on February 16, 2021.

Stocks in the news

Tata Motors: Company to increase prices of commercial vehicles starting January, due to rise in input cost, forex impact.

Wendt: Promoters will sell up to 4.74% stake in company via OFS during December 22-23, floor price set at Rs 2,200 per share.

Lupin: Company received US FDA nod for generic of Banzel oral suspension.

Thermax: First Energy becomes wholly owned subsidiary of Thermax.

Asian Paints: Promoter entity Smiti Holding and Trading Company released pledge on 9 lakh shares.

GTPL Hathway: Company increased shareholding in subsidiary GTPL Abhilash Communication.

Tata Motors: To increase commercial vehicle prices from January 1, 2021. The company said that steady rise in material and other input costs, impact of forex and transition to BS-VI norms, have cumulatively escalated the cost of manufacturing vehicles. The price increase is expected across the portfolio of M&HCV, l&LCV, SCV & Buses. The actual change in price will depend on individual model, variant and fuel type.

JSW Steel: JSW Steel’s Italian unit has entered into a share purchase agreement with Industrial Development Corporation, South Africa to acquire 30.73% of GSI Lucchini S.p.A. for a cash consideration of 1 million Euros. Acquisition made to strengthen presence in overseas grinding media markets. JSW Steel's Italian subsidiary already holds balance 69.67% stake in GSI.

NIIT: To consider buyback of equity shares at its board meeting on December 24.

Lupin: Has received approval for its Rufinamide Oral Suspension, 40 mg/ml, from U.S. FDA, to market a generic equivalent of Banzel Oral Suspension, 40 mg/ml, of Eisai Inc. Rufinamide Oral Suspension, 40 mg/ ml had estimated annual sales of $124.5 million in the U.S. for the 12-month period ending September 2020, as per IQVIA data.

Wendt: The offer for sale to sell 4.74% of total equity stands withdrawn. Carborundum Universal along with Wendt GmbH had planned to sell 4.74% of the total equity in order to bring down their shareholding to 75%. Withdrawal due to delay in transfer of the sale shares as required under SEBI OFS circulars.

Kolte-Patil Developers: Announces second phase of strategic land monetisation for Sector R10 of Life Republic with U.K.-based Planet Smart City for Rs 81 crore.

Cyient: Beijing Administration for Industry and Commerce has approved the de-registration of the company’s wholly-owned subsidiary Cyient Engineering (Beijing) Ltd.

Indian Bank: The Special Resolution for appropriation of accumulated losses of Rs 18,975.53 crore was passed with requisite majority by the shareholders of the bank during the EGM. The bank had proposed to utilise the amount (Rs 19,833.15 crore) standing in the Share Premium Account for the purpose of setting off the accumulated losses of Rs 18,975.53 crore.

Engineers India: Fixes January 1, 2021 as the record date for share buyback.

Thermax: Increased its stake in First Energy Pvt. Ltd. to 100% from 76% by acquiring the remaining stake. With this, First Energy becomes a wholly-owned subsidiary of the company.

Future Enterprises: Defaults on payment of interest of Rs 13.91 crore due on Non-Convertible Debentures.

United Spirits: Has completed the sale of all the shares held in its subsidiary Liquidity Inc. With this, Liquidity Inc. ceases to be a subsidiary of the company.

Antony Waste Handling Cell IPO: Issue subscribed 1.98 times on the first day of bidding. QIB portion subscribed 63%, non-institutional portion subscribed 8% while the retail portion was subscribed 3.56 times. 

Fno Ban Stocks 22.12.2020

Stock under F&O ban on NSE 22-Dec-20

1 CANBK

2 PNB

3 SAIL

4 SUNTV

Corporate Actions

Today's Corporate Action 22nd Dec Ex Date

BAMBINO Dividend - Rs. - 1.6000

GMDCLTD Dividend - Rs. - 2.0000

INANI Dividend - Rs. - 0.0400

MANCREDIT Final Dividend - Rs. - 0.5000

ORIBEVER Dividend - Rs. - 0.5000

OSIAJEE Annual Book Closure

RCF Final Dividend - Rs. - 2.8400

STARLINE Stock  Split From Rs.10/- to Rs.5/-

VEDAVAAG Final Dividend - Rs. - 1.0000

Today's Key Results/Board Meetings 22-Dec-20

NAVKETAN General

PROVESTSER General

SPANDANA General

TIGLOB Voluntary Delisting of Shares

WELLESLEY Quarterly Results;General

Some key events coming up

EIA crude oil inventory report is due Wednesday.

U.S. jobless claims, durables, personal income data comes Wednesday.

U.S. bond and stock trading and markets in other parts of the world will shut early on Thursday for the Christmas holidays. Most global markets are shut Friday.

These are the main moves in markets:

Stocks

The S&P 500 Index retreated 0.4% as of 4 p.m. New York time.

The Stoxx Europe 600 Index slumped 2.3%.

The MSCI Asia Pacific Index declined 0.4%.

The MSCI Emerging Market Index dropped 0.9%.

Currencies

The Bloomberg Dollar Spot Index rose 0.2%.

The euro decreased 0.2% to $1.2235.

The British pound decreased 0.5% to $1.3454.

The Japanese yen fell less than 0.1% to 103.34 per dollar.

Bonds

The yield on 10-year Treasuries decreased one basis point to 0.94%.

Germany’s 10-year yield decreased one basis point to -0.58%.

Britain’s 10-year yield decreased four basis points to 0.20%.

Commodities

West Texas Intermediate crude sank 2.8% to $47.74 a barrel.

Gold fell 0.2% to $1,877,.11 an ounce.

Closing Index

 21 Dec 2020 

BSE CLOSED @ 45553.96 ❌ 1406.73 Points 

NSE CLOSED @ 13328.40 ❌ 432.15 Points 

BankNifty Closed 29456.45 ❌ 1258.20 Points 

India VIX Closed 23.1900 ✅ 4.5675 Points.

Fno Ban Stocks 21.12.2020

 Stock under F&O ban on NSE 21-Dec-20

1 CANBK

2 PNB

3 SAIL

4 SUNTV

Corporate Actions

Today's Corporate Action 21st Dec Ex Date

NIKHILAD Final Dividend - Rs. - 1.0000

ANANTRAJ Dividend - Rs. - 0.0800

Today's Key Results/Board Meetings 21-Dec-20

BPCAP General

CHEMCON General

DWL A.G.M.;Half Yearly Results;General

EUROLED General

GENNEX General

IFLPROMOT Audited Results

MOUNTSHIQ General

RAJPALAYAM Right Issue of Equity Shares

SATIA General

SNOWMAN Preferential Issue of shares

STERPOW 

Stocks in the news

Lupin: Company has received approval from USFDA for Colesevelam hydrochloride tablets which are used to reduce cholesterol.

PVR: Company will raise up to Rs 800 crore via equity.

KPR Mill: Company will invest Rs 500 crore for expansion of sugar mill operations.

Reliance Industries: Company and BP announced first gas from Asia's deepest project. Project is expected to meet 15% of India's gas demand by 2023.

Oberoi Realty: Subsidiary Evenstar Hotels purchased a hotel property in Worli, Mumbai, for Rs 1,040 crore.

Exide Industries: Life Insurance Corporation Of India increased stake in company to 5.5% from 3.48% earlier.

Analysts/Board Meetings

Affordable Robotic & Automation: Company's officials will meet analysts/investors on December 21.

Nxtdigital: Company's officials will meet analysts/investors on December 21.

Finolex Industries: Company's officials will meet Kotak Mutual Fund on December 22 and Birla Mutual Fund on December 24.

Pidilite Industries: Company's officials will meet JP Morgan India on December 23.

CESC: Proposal for issue of secured NCDs Rs 200 crore will be considered by Board of Directors on December 23.

PC Jeweller: Board meeting is scheduled on December 23 to consider the issue of securities by way of preferential allotment to promoter Shri Balram Garg against conversion of his unsecured loan to the company.

Closing Index

 18 Dec 2020

BSE CLOSED @ 46960.69 ✅ 70.35 Points 

NSE CLOSED @ 13760.55 ✅ 19.85 Points 

BankNifty Closed 30714.65 ❌ 132.40 Points 

India VIX Closed 18.6225 ❌ 0.5350 Points.

Weekly 14 -- 18 Dec 2020 

BSE CLOSED @ 46960.69 ✅ 861.68 Points 

NSE CLOSED @ 13760.55 ✅ 246.70 Points

BankNifty Closed 30714.65 ✅ 109.80 Points 

India VIX Closed 18.6225 ❌ 0.1675 Points.

Stocks in the news

TCS: The company's Rs 16,000-crore share buyback offer opens on December 18.

Dishman Carbogen: Promoter to sell 4.4 percent stake in the company via offer for sale on December 18 and December 21; floor price is set at Rs 145.70 per share.

Zee Entertainment Enterprises: The board approved the acquisition of film production & distribution business as a going concern, on a slump sale basis from Zee Studios, and approved the transfer of the digital publishing biz division to Rapidcube Tecbnologies. The board also approved the appointment of Sasha Mirchandani & Vivek Mehra as independent directors.

IDFC: Sipadan Investments (Mauritius) sold 2.17 percent stake in IDFC during November 23-December 16, reducing total shareholding to 7.3 percent.

ISGEC Heavy Engineering: The company secured a new order for Rs 431 crore.

Trent: Arisaig India Fund sold 2.05 percent stake in the company via open market transactions, reducing total shareholding to 5.54 percent.

Zee Entertainment: To acquire film production and distribution business on a slump sale basis from Zee Studios, a wholly-owned subsidiary. Acquisition to be done for a cash consideration of Rs 275 crore. Acquisition expected to be completed in approximately two months. Further, the Board of Directors have also approved the transfer of the Digital Publishing Business Division of the company to Rapidcube Technologies through a Business Transfer Agreement.

BPCL: The Board of Directors of the company have approved the merger of Bharat Gas Resources Ltd, a wholly-owned subsidiary of BPCL, with the company, subject to the approval of the competent authorities and completion of regulatory and other requirements. The board has also accorded its approval for the acquisition of 88.86 crore (36.62%) shares in Bharat Oman Refineries Ltd from OQ S.A.0.C.(formerly Oman Oil Company S.A.O.C), subject to the finalisation of definitive agreement between parties, the approval of the competent authorities and completion of regulatory and other requirements. The Board has also approved the proposal to approach Government of Madhya Pradesh for acquiring 2.69 crore warrants held by GoMP in BORL.

I.T. Stocks: Accenture raises FY21 revenue guidance to 4-6% from the earlier 2-5%.

Dishman Carbogen: Promoters Adimans Technologies plans to sell close to 69 lakh shares of the company through an offer for sale. The share sale represents 4.4% of the total paid-up equity share capital. The company will retain a greenshoe option to sell another 69 lakh shares. The floor price of 145.7 rupees per share is at 6% discount to Thursday's closing price. The OFS for non-retail investors opens on December 18 while for retail investors it opens on December 21.

Godrej Agrovet: The Department of Horticulture, Government of Telangana has allotted area admeasuring 28,164 Hectares in the Mahabubabad District of Telangana to the Company, for the purpose of oil palm cultivation/expansion. The said allotment is subject to execution of Memorandum of Agreement and completion of other procedural requirements by the company.

ISGEC Heavy Engineering: Has secured a new order from KPR Sugar & Apparels Limited to set up a 10,000 TCD Sulphurless Sugar Plant, 40 MW Co-Generation Plant, 60 TPH Incineration Boiler and a 7.5 MW Power Plant for Zero Liquid Discharge system for the client’s distillery plant on EPC basis. The order is valued at Rs 431 crore.

Defence Stocks: Defence Acquisition Council headed by Union Minister Rajnath Singh approved Capital Acquisition of various weapons/platforms/equipment/systems required by the Indian Army, the Indian Navy and the Indian Air Force at an approximate overall cost of Rs 28,000 crore, as per the Press Information Bureau.

Canara Bank: Life Insurance Corporation of India has acquired 6.28 crore shares through the QIP, taking its total shareholding in the bank to 8.35% from 4.533%.

Borosil Renewables: Raises Rs 200 crore through its QIP issue. The company has set an issue price of Rs 126.55 per share, which is a 5% discount from the QIP floor price of Rs 133.19 per share.

Tata Motors: Extends date for completion of the Conditions Precedents mentioned in the Scheme of Arrangement between the Company and Tata Advanced Systems Limited for transfer of Defense Undertaking.

Everest Kanto Cylinders: CARE Ratings has revised the credit rating on long-term Bank facilities of Rs 103.57 crore to BB+/Stable from BBB- and the rating on short-term Bank facilities of Rs 69.92 crore has been revised to A4+ from A3.

Shoppers Stop: The Right Issue Committee approved the allotment of 2.13 crore rights equity shares of Rs 5 each at a price of Rs 140 per rights equity share (including a premium of Rs 135 per share).

Bank of Baroda: Has appointed Ian De Souza as Chief Financial Officer of the bank w.e.f. December 17, 2020.

Fno Ban Stocks 18.12.2020

Stock under F&O ban on NSE 18-Dec-20

1 CANBK

2 PNB

3 SUNTV

Corporate Actions / Board Meetings

Today's Corporate Action 18th Dec Ex Date

ASHOKALC Dividend - Rs. - 0.5000

BCG Final Dividend - Rs. - 0.0500

ENERGYDEV Dividend - Rs. - 0.5000

JAICORPLTD Dividend - Rs. - 0.5000

VRL Dividend - Rs. - 1.5000

Today's Key Results/Board Meetings 18-Dec-20

BITL General

JIYAECO Quarterly Results

ZODJRDMKJ General

Analysts/Board Meetings

Manappuram Finance: Company officials will attend Phillip Capital - Revive India Virtual Conference on December 18.

HEG: Senior Management of the company is scheduled to meet the Investors/ Analyst on December 18 through Video Conferencing, as organized by SKP Securities.

Tata Steel: Company officials will meet Citi Research on December 18 and Elara Securities on December 22.

Dilip Buildcon: Company officials will attend Motilal Oswal 3rd ldeation Conference on December 18.

MCX: Company officials will attend Motilal Oswal 3rd ldeation Conference on December 18.

Capri Global Capital: The company will be hosting a virtual Analyst Meet to discuss 'Trends in Construction Financing' on December 18.

Tata Motors: Company officials will meet Slyebra Capital, HK on December 21.

Gland Pharma: Company officials will meet Arohi Asset Management on December 22.

Persistent Systems: The company will declare its December quarter earnings on January 27.

Some key events coming up

Policy decisions from central banks in Japan and Russia are due Friday.

These are some of the main moves in markets:

Stocks

The S&P 500 Index advanced 0.6% as of 4 p.m. New York time, the highest on record.

The Dow Jones Industrial Average gained 0.5%.

The Nasdaq Composite Index climbed 0.8%.

Currencies

The Bloomberg Dollar Spot Index fell 0.4% to the lowest in almost three years.

The euro gained 0.6% to $1.2267, the strongest in almost three years.

The Japanese yen appreciated 0.3% to 103.11 per dollar, the strongest in more than nine months.

Bonds

The yield on 10-year Treasuries rose one basis point to 0.93%.

Germany’s 10-year yield declined two basis points to -0.57%.

Britain’s 10-year yield rose one two basis points to 0.29%.

Commodities

West Texas Intermediate crude gained 1.1% to $48.36 a barrel, the highest in almost 10 months.

Gold futures strengthened 1.6% to $1,889 an ounce, the highest in almost six weeks.

Closing Index

 17 Dec 2020 

BSE CLOSED @ 46890.34 ✅ 223.88 Points 

NSE CLOSED @ 13740.70 ✅ 58.00 Points 

BankNifty Closed 30847.05 ✅ 148.65 Points 

India VIX Closed 19.1575 ❌ 0.0425 Points.

Fno Analysis

 F&O Cues

Nifty December futures end at 13,696; premium of 14 points

Nifty December futures add 6.3% and 7.4 lakh shares in Open Interest

Nifty Bank December futures end at 30,743; premium of 45 points

Nifty Bank December futures add 2.9% and 41,850 shares in Open Interest

Nifty Put-Call Ratio at 1.92

Enters F&O Ban: Punjab National Bank

Stocks In F&O Ban: Canara Bank, Punjab National Bank

Nifty: December 17 Expiry

Maximum Open Interest on Call side at 13,800 strike (33.4 lakh shares)

Maximum Open Interest on Put side at 13,000 strike (36.7 lakh shares)

Active Options: 13,600 Call (-15.1 lakh shares) and 13,600 Put (+24 lakh shares)

Nifty: December 31 Expiry

Maximum Open Interest on Call side at 13,000 strike (23 lakh shares)

Maximum Open Interest on Put side at 13,000 strike (42.7 lakh shares) 

Fno Ban Stocks 17.12.2020

 Stock under F&O ban on NSE 17-Dec-20

1 CANBK

2 PNB

Corporate Actions

Today's Corporate Action 17th Dec Ex Date

EASTWEST Dividend - Rs. - 0.0500

HAL Interim Dividend - Rs. - 15.0000

POWERGRID Interim Dividend

Today's Key Results/Board Meetings 17-Dec-20

ANISHAIMPEX General

SBTL Audited Results;A.G.M.;General

VSL General

Stocks in the news

Navin Fluorine: The board approved capital expenditure (to be undertaken at Dahej through wholly owned subsidiary Navin Fluorine Advanced Sciences) of Rs 195 crore for the purpose of setting up a multi-purpose plant.

Wipro: The company completed the acquisition of 83.4 percent equity stake in Encore Theme.

Siti Networks: The board approved the acquisition of 51 percent equity stake in E-Net Entertainment.

Sugar stocks in focus: The Cabinet approved Rs 3,500 crore subsidy for sugar farmers and Rs 6,000 per tonne subsidy for sugar exports to be given for 60 lakh tonnes of sugar exports.

Aster DM Healthcare: The company through its subsidiary, Aster DM Healthcare FZC, has acquired a company in the Grand Cayman, Cayman Islands - Aster Caribbean Holdings Ltd.

Hero MotoCorp: To increase the prices of its products by up to Rs 1,500 from January 1, 2021. The increase will vary across models. Steady rise in commodity costs including steel, aluminium cited as the reason behind price hikes.

Wipro: The company has completed the acquisition of 83.4% equity stake in Encore Theme. The remaining 16.6% equity stake will be acquired subject to and after receipt of certain regulatory approvals/confirmations.

IndusInd Bank: SEBI has granted extension of one month for subscription to the warrants i.e., until February 4, 2021 to complete the said conversion worth Rs 2,021.44 crore into equity. In view of the disruption caused by the Covid- 19 pandemic, the bank had, at the request of IIHL and IL, approached SEBI for extension in time for payment of balance amount.

Navin Fluorine: The Board of Directors has approved capital expenditure for setting up a Multi-Purpose Plant with an outlay of Rs 195 crore. The capex will be undertaken by the company's wholly owned subsidiary, Navin Fluorine Advanced Sciences Ltd. at Dahej, Gujarat and will be funded through a mix of internal accruals and debt. The new capacity is expected to come onstream in H1FY23 and is aimed at creating new opportunities in the life sciences and crop sciences sectors.

Snowman Logistics: The Board of Directors to consider a proposal for raising of funds by way of a Qualified Institutions Placement at its meeting on December 21.

Computer Age Management Services: The company has been considered eligible for selection and further grant of registration as a Central Record Keeping Agency under the National Pension Scheme under the Pension Fund Regulatory and Development Authority Regulations, 2015. The selection is subject to fulfilment of certain conditions including the de-registration of the company as a Point of Presence.

IRCTC: The Government of India has proposed to offer up to 16 lakh shares of face value of Rs 10 each to the eligible employees of the company at a price of Rs 1377.55 per share. The Employee OFS will remain open between December 18-21, 2020.

Bombay Rayon Fashions: As part of the restructuring process, the company is in the process of hiving off its Tarapur Yarn Dying and Fabric Process unit to its subsidiary company BRFL Textiles under a slump sale consideration. Post this transaction, a set of Private Equity investors will infuse capital into BRFL Textiles, which will be utilised for funding the working capital for ramp-up of operations. The company expects the new entity to generate revenues worth over Rs 2,000 crore annually.

Lakshmi Vilas Bank: The trading in the equity shares of the bank will be withdrawn (delisted) from December 18, 2020 pursuant to gazette notification dated November 25, 2020 issued by Department of Financial Services, Ministry of Finance.

Aster DM Healthcare: The company through its subsidiary, Aster DM Healthcare FZC, has acquired a company in the Grand Cayman, Cayman Islands - Aster Caribbean Holdings.

Videocon Industries: The Committee of Creditors has approved the resolution plan submitted by Twin Star Technologies Limited and the plan has been filed with the National Company Law Tribunal, Mumbai.

Olectra Greentech: Evey Trans and Olectra Greentech have been declared as L-1 bidders for 353 electric buses from 5 state transport authorities and one state government undertaking, under the FAME-II scheme of Government. Tenders for 300 buses are on Gross Cost Contract/OPEX model basis for a period of 10-12 years and tenders for 53 buses are on an outright sale basis participated by the company alone. Value of these tenders is approximately Rs 600 crore.

Jubilant FoodWorks: Has launched a new brand, Ekdum, which will offer twenty different biryanis curated from various parts of India. Ekdum will start with three restaurants in Gurgaon.