Shares of Reliance Industries and Hindustan Unilever are trading higher ahead of third quarter numbers.

Jan 17, 10:30 AM (IST)
Raymond Subsidiary Gets Registration Certificate of Project

Colorplus Realty, a subsidiary company of Raymond, has obtained ‘Registration Certificate of Project: Raymond Realty Phase I from Maharashtra Real Estate Regulatory Authority (MAHA RERA).

This registration is valid from January 15, 2019 till March 31, 2024.

Raymond Limited will also perform a bhoomi pujan at the project site on January 21, 2019.

Jan 17, 10:25 AM (IST)
SBI on Jet Airways

With respect to resolution plan for Jet Airways, SBI spokesperson said, “The bank would like to state that lenders are considering a restructuring plan under the RBI framework for resolution of stressed assets that would ensure a long term viability of the company.”

“Any such plan would be subject to approval of boards of the lenders and subject to adherence and clearance, if required, from the RBI and / or SEBI (takeover code, ICDR regulations etc.) and / or Ministry of Civil Aviation and in compliance with all regulatory prescriptions,” he added.

Jan 17, 10:12 AM (IST)
JUST IN

L&T Infotech has signed a definitive agreement to acquire Ruletronics Limited (UK), Ruletronics Systems Inc. (US) and Ruletronics Systems Private Limited (India).

Jan 17, 10:03 AM (IST)
CLSA on Axis Bank: Axis Bank gained a percent in morning on Thursday after global brokerage house CLSA increased price target to Rs 800 from Rs 750 earlier, implying 20.5 percent potential upside from January 16’s closing levels.

While maintaining a buy call on the stock, the research hosue said more management changes are likely at the top level as new CEO has been preparing a new team.

Jan 17, 09:50 AM (IST)
Manali Petrochemicals: The operations at plant 1 have been restarted on 16-01-2019 pursuant to Central Pollution Control Board revoking its earlier direction issued under Section 5 of the Environment Protection Act, 1985.

Jan 17, 09:36 AM (IST)
Buzzing: Share price of DCB Bank added a percent in the early trade on Thursday after research house Kotak Institutional Equities has maintained buy rating on the stock and raised target to Rs 210 from Rs 185 per share.

The company has reported 51 percent YoY earnings growth led by 42% YoY operating profit growth. Also, most of the key metrics were stable on QoQ basis.

Jan 17, 09:19 AM (IST)
Market opens: Equity benchmarks have started the day on a positive note, with the Nifty is trading above 10,900 level.

The Sensex is up 137.17 points at 36458.46, while Nifty is up 36.40 points at 10926.70. About 472 shares have advanced, 170 shares declined, and 46 shares are unchanged.

All other sectoral indices are trading in the green, while Midcap index is up 0.35 percent.

Zee Entertainment, Bharti Airtel, Indiabulls Housing, HDFC, Axis Bank, Bajaj Finance are trading higher, while HCL Tech, Bajaj Auto, Jet Airways, Mindtree, Infosys, BPCL have lost the most.

source: moneycontrol.com