In Asia, Japan’s Nikkei rose 1 per cent this morning after headline inflation rose to 3.3 per cent in October from 3 per cent the previous month, raising bets the central bank may be nudged to finally increase rates moving away from its ultra-loose policy.
On the flipside, South Korea’s Kospi dipped 0.14 per cent, and Hong Kong’s Hang Seng shed 1.56 per cent.
Back home, here are some stocks to watch:
JSW Steel: It has completed the entire strategic investment of Rs 750 crore in JSW Paints. With this, the company now holds 12.84 per cent stake in JSW Paints.
NMDC: The company has fixed the iron ore price at 5,400 per tonne and fines price at 4,660 per tonne with effect from Nov 23.
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Lupin: It has announced the launch of Vilfuro-G, the world’s first fixed-dose triple combination drug (FDC) for the treatment of chronic obstructive pulmonary disease (COPD) in India.
LTIMindtree: It has launched a quantum-safe virtual private network (VPN) link in London in partnership with Quantum Xchange and Fortinet on the platform. This is aimed at securing data transmission for the quantum computing era.
L&T Finance: The NBFC signed a financing agreement with the Asian Development Bank (ADB) on 23 November for $125 million to support financing in rural and peri-urban areas, particularly for women borrowers.
Siemens: The company received a GST demand and penalty notice worth Rs 23.7 crore from Belapur’s CGST and Central Excise Commissionerate.
BEL: It has been fined Rs 1.82 lakh each by NSE & BSE for having insufficient number of independent directors.
IRCTC: It has been fined Rs 5.4 lakh each by NSE & BSE for not having required number of independent directors in the September quarter.
Anup Engineering: The National Company Law Tribunal gave the nod for scheme of amalgamation between Anup Heavy Engineering Ltd and The Anup Engineering Ltd.
Clean Science and Technology: The company made an investment of Rs 60 crore in Clean Fino-Chem Ltd, a wholly owned subsidiary of the company, by way of a rights issue.
JM Financial: The company received a warning letter from SEBI for a merchant banker rule violation.