After 3 days of gains, Sensex and Nifty might plummet on the final trading session of the week, owing to a international sell-off. SGX Nifty was down practically 200 points in the course of the early hours of Friday. Ahead of the rout on Wall Street on Thursday that saw stock markets tank, Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities stated that technically, the industry is opening the window of consolidation in between the broader variety of 15350/52000 and 14850/50350 levels, in his view. However, increasing bond yields in the US have been troubling investors given that then.
HCL Technologies: The IT key informed the bourses on Thursday that its wholly-owned subsidiary, HCL America has authorized the proposal for issuance of USD denominated fixed-price, senior unsecured notes aggregating to an quantity not exceeding $500 million. The net proceeds of the Notes are intended to be utilized for refinancing the current debts and for common corporate goal of the Issuer and other affiliates of the Issuer outdoors India.
Ashok Leyland: The corporation has announced that it has entered into a share acquire agreement with Nissan International Holding to obtain its 38% stake in Hinduja Tech (HTL) for a consideration of Rs 70.20 crore. Ashok Leyland currently owns 62% stake in the corporation.
Infosys: Infosys will be adding 300 American workers in Pennsylvania, the corporation informed the bourses on Thursday.
Bharti Airtel: Telecom key Bharti Airtel stated that it will be holding an Extraordinary General Meeting (EGM) on March 19 to seek the approval of the members on the proposal of issuance of equity shares of the Company on a preferential basis via Special Resolution.
DHFL: The corporation stated that it has received ‘No objection’ from Reserve Bank of India as per Insolvency and Bankruptcy guidelines 2019, and therefore, has filed an application for submission of resolution program of Piramal Capital & Housing Finance Limited as authorized by the NCLT.
RailTel: Ministry of Railway’s second public supplying of this year will be listed on the bourses today. RailTel’s Rs 819 crore concern was oversubscribed earlier this month. IRFC, the other Ministry of Railway firm to have listed on stock exchanges in 2021 saw a weak listing and is now trading under its concern value.