Updated: 2020-12-16 07:02:24
The Indian market is likely to open higher on Wednesday, following a positive trend from Asian counterparts. At 7:00 am, SGX Nifty traded up 49.50 points or 0.36 percent higher at 13,628.00, indicating a positive start for Sensex and Nifty50.
Diagnostic companies | Metropolis Healthcare, Thyrocare Technologies, Dr. Lal PathLabs will be in the spotlight as Maharashtra has reduced the RT-PCR test for COVID-19 by Rs 280 to Rs 700.
Axis Bank | The Bank clarified that it complied with its underwriting practices and approval processes for any exposures made in connection with SREI Equipment Finance and SREI Infra Finance. SREI Group’s outstanding contributions to the bank amount to 800 million euros.
Mahindra and Mahindra | The company will increase the price of its commercial and passenger vehicles on all models.
HDFC | The company will raise up to Rs 5,000 million through NCD, to 4.23 percent.
Biocon | Biocon Biologics subsidiary has signed a MoU with CSSC in Tanzania for the 10-cent mission. (Image: Reuters)
Punjab National Bank | The bank’s QIP was opened on December 15, and the minimum price was set at Rs 37.35 per share. (Image: Reuters)
Embassy of the REIT Parks Offices | The company plans to raise $ 500 million by selling units to institutional investors through QIP to finance the acquisition of Embassy TechVillage’s commercial assets in Bengaluru.
Future businesses | The company intends to pay in advance the bonds it issued from the amount of 24.713 billion lei to be received after selling its retail and other business to Reliance Industries, which gave up Reliance Retail Ventures . (Image: Reuters)
IDBI Bank | The bank’s QIP was opened on December 15 at a fixed price of Rs 40.63 per share.
Union Bank of India | The bank raised $ 500 million by issuing Basel III-compliant bonds.
HG Infra Engineering | The company was declared an L-1 bidder by IRCON International for civil works projects. The company’s bid for the project was Rs 784.99 crore.
Wonderla Holidays | The amusement park chain announced the reopening of the Kochi theme park starting with December 24, 2020.