Updated : 2020-09-17 07:33:08
The Indian market is likely to open lower on Thursday following losses in global markets after the US Federal Reserve’s policymaking committee indicated the overnight rate could stay close to zero for years to reach its 2% inflation target. At 7:20 am, the SGX Nifty was trading 29.00 points or 0.25 percent lower at 11,572.00, indicating a negative start for the Sensex and Nifty50.
HCL Technologies | The company and Google Cloud expanded partnership to deliver accelerated business intelligence platform. Aviation stocks | Airline operators have sought interest-free credit of at least $1.5 billion from the government. They also want the government’s help to persuade aircraft lessors to ease leasing terms, as well as a deferment of taxes and abolition of excise duty on aviation fuel. The airlines are appealing to banks and other lenders to defer repayment of loans to the aviation industry by six months, Civil Aviation Minister Hardeep Singh Puri said in a written statement to the parliament. ICICI Bank | The bank’s board has approved a proposal to resume seeking approval from the RBI for the appointment of Sandeep Batra as its whole-time director for five years. Bandhan Bank | The bank has created a new vertical called Emerging Entrepreneurs Business (EEB) to focus on small businesses and has appointed Kumar Ashish as Executive President and Head of the department. (Image: Reuters) SpiceJet | The company has launched 14 cargo flights to Northeast India. Happiest Minds Technologies | The company will get listed on stock exchanges today. The shares are expected to list at a hefty premium over its issue price after a strong subscription of its Rs 702-crore IPO. Tata Teleservices (Maharashtra) | The shareholders have approved raising of up to Rs 5,000 crore by issuing preferential shares to parent firm and non-convertible debentures on a private placement basis. HSIL | The company will consider share buyback on September 21. Puravankara | The company’s board has approved raising Rs 70 crore via NCDs. Dhanuka Agritech | The company has approved the proposal of buyback of shares worth up to Rs 100 crore and fixed September 28 as a record for determining the entitlement of equity shareholders. Suven Pharmaceuticals | The board has set the record date for the bonus issue on September 28.