Here is the important stock market news to watch out for today.
- Markets to open on a positive note; support @17,000, resistance at 17,550.
- FIIs sold shares worth Rs3356.17cr (cash), bought Rs1648.79cr in index futures.
- US markets close mixed. Asian Markets open mixed.
- Brent crude was trading 2.42% higher at $71.57 per barrel.
- Nykaa: The company launches the latest Unisex Hair Care Range- Charcoal & Bamboo for #GoodHairDay every day. The latest addition to the Nykaa Naturals Hair Care range is a powerful combination of multi-beneficial ingredients. Nykaa Naturals Hair Products are dermatologically tested, 100% Cruelty-Free, SLS/SLES free, and Paraben-Free.
- PTC India Financial Services Limited (PFS) to get around Rs125cr as part of the resolution amount in its stressed loan account IL&FS Tamil Nadu Power Company Ltd.
- Tech Mahindra has acquired a 100% stake in Activus Connect, a leading provider of work at home customer experience management solutions. The acquisition will bolster Tech Mahindra’s capabilities in emerging workplace solutions and strengthen end-to-end CX portfolio.
- Lupin Limited has entered into an exclusive distribution and marketing agreement with Biomm SA in Brazil. Under the terms of agreement, Biomm will distribute and market blosimilar Pegfilgrastim in Brazil.
- Gail India: In a bid to support the Start-Ups operating in identified focus areas, GAIL (India) Limited plans to invest in such companies through its Start-Up initiative 'Pankh'.
- Steelcast Limited has signed a long-term supply agreement with a large Original Equipment Manufacturer (OEM) in USA, to supply steelcastings for the North American Rail-road industry.
- Eris Lifesciences enters in the Indian insulin market. The company now bridges an important gap in its diabetes care portfolio through the joint venture with MJ Biopharm in order to leverage the market opportunity in Human Insulin, Insulin Analogues and GLP1 agonists.
- Anjani Portland Cement: The received a notice from the Southern Power Distribution Company of Telangana Limited (A Govt. of Telangana Undertaking), demanding Differential Wheeling/Transmission charges between the tariffs and wheeling agreements of nearly Rs16.72cr.
- SKIL Infrastructure Company has received intimation from one of its lenders namely Grevek Investments and Infrastructure Private Limited (Grevek) that Grevek has invoked 800 units of Class “A” Urban Opportunities Fund pledged/hypothecated Grevek. by the Company in favour of outstanding The said invocation is on account of the Company’s default against Grevek’s loan of ~ Rs1,000cr.
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