Top Things To Know Today Morning:
- The Indian stock market is expected to open flat.
- Oil slips as demand worries offset hopes for stimulus.
- Government keeps tight leash on expenditure.
- RBI postpones MPC meeting to next week.
- SEBI eases fund raising norms for REITs, InvITs.
- North Block is readying a draft Bill to amend the GST Compensation Act.
- Housing sales up 34% in July-September, unsold inventory marginally down: JLL
- RBI extends MSF facility for banks until March next year.
Stock Specific News:
- India Grid Trust has completed the acquisition of 74 percent in JKTPL and Techno Electric & Engineering Company.
- HDFC Asset Management Company has offloaded the entire 5.02 percent stake in Hexaware Technologies.
- Shalby board has approved to reduce promoters' shareholding in the company to 75 percent from 79.45 percent.
- Infosys' subsidiary EdgeVerve Systems has signed a partnership with Minit to help its clients accelerate process excellence.
- Moody's has downgraded IIFL Finance's CFR and senior secured debt rating to B2 from B1 and changed the outlook to Stable from 'rating under review'.
- Central Bank of India’s board has approved allotment of 16.58 crore shares aggregating to qualified institutional buyers.
- According to the transaction auditor Grant Thornton report, fraudulent transactions worth Rs 12,705.53 crore took place at DHFL during FY17 to FY19.
- Symphony has launched universal packaged air-coolers for industrial and commercial applications.
- Balaji Telefilms board has approved the liquidation of its subsidiary Chhayabani Balaji Entertainment.
- Anuh Pharma has received approval from WHO - Geneva Prequalification for Pyrimethamine API.
- UTI Asset Management Company, Mazagon Dock Shipbuilders and Likhita Infrastructure IPOs open for subscription today.