NIIT Tech - Media news that the Private equity Fund Bearing Asia to buy NIIT Tech 1.62 cr shares at Rs1394 a shares (CMP Rs1311) – Positive for NIIT Tech
UltraTech got NCLT approval to merger with Century Textiles Cement business – Positive for UltraTech – largest Cement player in India (nearly 100mn tons)
Hero Motocorp hikes price on its all model by 1% - Positive for Hero Motocorp
TITAN Quarterly update Q1FY20 - Jewellery +13%, watches +19% - Jewellery – Sales grew muted in Q119 ~13%, consumer demand dented by increase in gold prices in June. Management Comment, Watches – Sales grew 19% aided by execution of large order from TCS. Eyewear – Sales grew 13%, trade channel grew faster than overall division growth – Positive for Titan
Canara Bank plans to sell Webcon consultancy shares, seeks RFQ - Positive for Canara Bank
Government plans to transfer management to buyers BEML disinvestment, BML surplus land , other assets to be hived off, sold separately - Positive for BEML to sell surplus land
Tata Motors wins orders to supply over 200 units of Tata Hexa to Bangladesh Army