Market
Updated : 2020-04-09 07:28:25
The Indian market is likely to open higher on Thursday tracking gains in global markets. At 7:00 am, the SGX Nifty was trading 46.00 points or 0.52 percent higher at 8,904.00, indicating a positive start for the Sensex and Nifty50.
Titan Company: The company’s jewellery division revenue declined by 5 percent in the January-March period while watches and wearables division grew by 1 percent despite significant loss of sales in the month of March. (Stock Image)
Marico: The company’s India business posted a low single-digit volume decline in the quarter ended March 2020. (Image: Company)
HDFC Bank: The bank has cut its marginal cost of funds based lending rate (MCLR) across tenors by 0.20 percent. The revised one-year MCLR stands at 7.95 percent.
Bharti Airtel: The telecom services provider has said that it is making available the entire kids content library on Airtel Xstream for free to all Airtel Thanks customers.
IDBI Bank: The bank’s board has approved in-principle proposal to sell stake in IDBI Federal Life Insurance Company to extent of 23-27 percent.
Hindalco Industries: Novelis has received approval from European Commission for the sale of Duffel facility of Aleris to Liberty House Group for 310 million pounds.
Gujarat Pipapav: The cargo volume by the company in March quarter fell 10 percent at 197,000 TEUs.
Kolte-Patil Developers: The company has entered into an agreement with UK-based Planet Smart City for strategic land monetization of a portion of Sector R10 in Pune project for Rs 91 crore.
Punjab & Sind Bank: The bank’s board will consider raising Rs 1,500 crore by way of QIP and preferential issue on April 15.
Manali Petrochemicals: The company has recommenced production of Propylene Oxide, feedstock for Propylene Glycol, which is a pharmaceutical input at Plant 1 on April 7.
NLC India: The company has resumed mining operations of Neyveli Mines. (Image: Reuters)
