Jio Financial applies to RBI for conversion to CIC from NBFC
RBI had mandated Jio Financial to undertake the conversion exercise while giving its approval for change in the shareholding pattern and control of the company pursuant to the demerger of the financial services business from Reliance Industries Limited (RIL).
Stocks in news: Airtel, Titan, Maruti Suzuki, BPCL, TCS, Wipro
Adani Enterprises arm Adani Defence Systems has signed a shareholders agreement and share subscription agreement with Elbit Systems, Israel.
Tata Tech IPO: Tata Motors to take home Rs 2,300 crore against Rs 34 crore investment
Following the Tata Tech IPO, Tata Motors’ stake in Tata Tech will go down from 64.79% to 53.39%. At the upper price band, the manufacturing-focused engineering research and development company catering to the automotive industry has been valued at Rs 20,283 crore at a PE of 32.5x.
F&O stock strategy: How to trade Titan, HDFC Life shares on Wednesday
Nifty faces substantial resistance in the range of 19800-19900, and a breakthrough of these levels could trigger a swift upward movement, prompting an unwinding on the call side and potentially propelling the Nifty to the 20000–20200 zone, said Ameya Ranadive of Choice Broking.
Hot Stocks: Brokerages view on Polycab, KEI Industries, RIL and IGL
Both companies are in a prime position to benefit from the nation’s infrastructure push. In the near-to-medium term, companies have enough legs to grow up to 2x GDP.
F&O Ban: Delta Corp, Hindustan Copper among 11 stocks under trade ban on Wednesday
The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.
F&O stocks to buy today: Tata Steel, Ashok Leyland among top 9 trading ideas
Positive setup was seen in Oberoi Realty, MFSL, Ashok Leyland, SBI Life, Aurobindo Pharma, Astral, HDFC Life, Alkem, Lupin, JSW Steel, Titan, RIL, Exide Industries, etc. among others.
Big movers on D-Street: What should investors do with Tata Investment, BSE and BEML?
Stocks that were in focus include names like Tata Investment, which fell 5.19%, BSE, which declined 4.82%, and Cartrade Tech, which rose 7.55% on Tuesday.
Fed minutes anchor cautious policy approach amid more two-sided risks
“Participants noted that further tightening of monetary policy would be appropriate if incoming information indicated that progress toward the Committee’s inflation objective was insufficient,” the minutes said.
Banks, CCIL in talks to build 3rd-party clearing process, unlock trade
“Banks and CCIL are in talks for the third-party clearing mechanism. In its securities settlement segment, the CCIL permitted certain members to become clearing members in 2020,” a source aware of the developments told ET. “Clearing members can take on the European banks as clients and trades can be carried out.”