*NSE INDEX PROVISIONALLY ENDS UP 1.27% OR +131.95 POINTS AT 10,562*
*METROPOLIS HEALTHCARE*:
# TERMINATED DEAL TO BUY 51% OF SHRADDHA DIAGNOSTIC CENTRE
# DEAL SCRAPPED AFTER CONDITIONS NOT MET
# DEAL TERMINATION WON'T IMPACT BUSINESS, CO TO CONTINUE EXPLORING ACQUISITIONS
*CIPLA*:
# CO PLANS TO LAUNCH REMEDISVIR BY SATURDAY - ZEE BUSINESS
# CO IS SAID TO SUPPLY 3000 DOSES OF REMDESIVIR BY NEXT WEEK
*SUN PHARMA*: TARO PHARMA'S DOXEPIN HYDROCHLORIDE ANDA GETS FDA APPROVAL
*INDIGO*: CO OFFERS 25% DISCOUNT FOR DOCTORS, NURSES UNDER TOUGH COOKIE CAMPAIGN
*GE T&D INDIA*: CO HAD ORDER BACKLOG OF OVER RUPEES 58.9B AS OF MARCH END
*MARUTI SUZUKI*:
# CO WOULD OFFER CARS FOR SUBSCRIPTION AS A PILOT PROJECT IN GURUGRAM AND BENGALURU. THE SUBSCRIPTION WILL BE INITIALLY AVAILABLE ON SWIFT, DZIRE AND OTHER MODELS
# CO TIED UP WITH ORIX AUTO INFRASTRUCTURE FOR LEASE SERVICE
*INDIA RUPEE* ENDS AT 75.01 AGAINST DOLLAR VS 75.59 PREVIOUS CLOSE
*TATA POWER*:
# CO'S BOOK SHALL REMAIN CLOSED FROM JULY 16 TO JULY 30 FOR THE PURPOSE OF PAYMENT OF DIVIDEND
# CO APPROVES THE ISSUANCE OF SHARES TO TATA SONS
# CO TO ISSUE 490M SHARES TO TATA SONS AT PRICE OF RUPEES 53/SHARE, WORTH 26B RUPEES
*BIOCON*:
#SOURCES SAY MYLAN'S CHINESE IMPORT CONSIGNMENTS ARE BEING CLEARED
# MYLAN'S CONSIGNMENTS WERE CARRYING KEY STARTING RAW MATERIALS (KSMS) FOR COVID-19 DRUGS
*SHRIRAM TRANSPORT*: COURT ACCEPTS CO'S PETITION AGAINST PENALTY FROM DIRECTORATE OF ENFORCEMENT
*ASTRAZENECA*: OXFORD LEADING SCIENTIST BEHIND THE UNIVERSITY OF OXFORD'S POTENTIAL COVID-19 VACCINE SAYS THE TEAM HAS SEEN THE RIGHT SORT OF IMMUNE RESPONSE IN AZD1222 TRIALS, WHICH HAVE ENTERED THE PHASE III CLINICAL STAGE.
*AUROBINDO PHARMA*: CO IS SAID TO DEVELOP INHALERS AND SPRAYS TO EXPAND PORTFOLIO IN EUROPE, UK AND US
*INDIAN HOTELS*:
# CO TO ACQUIRE SHAREHOLDER LOANS ADVANCED BY TATA AFRICA HOLDINGS TO IHMS HOTELS
# TRANSACTION PRICE IS $1M
# CO TO ACQUIRE ENTIRE 50% HOLDING OF TATA AFRICA HOLDINGS IN SHARES OF IHMS HOTELS
*AXIS BANK*: CUTS BASE RATE BY 0.35% TO 8.80%
*JSW EXEC PARTH JINDAL*:
# JSW GROUP PLEDGES TO BRING DOWN CHINESE IMPORTS TO ZERO IN NEXT 24 MONTHS
# JSW GROUP CURRENTLY HAS NET IMPORT OF $400M FROM CHINA ANNUALLY
*FUTURE RETAIL*:
# CO CLARIFIES ON THE NEWS ITEM - “RELIANCE INDUSTRIES NEARS DEAL TO ACQUIRE RETAIL BUSINESSES OF FUTURE GROUP''
# CO SAYS NO SUCH DECISION TAKEN BY BOARD AT PRESENT
*ADANI PORTS*: CO TO RAISE $1B FROM 30-YEAR OVERSEAS BOND SALE - ET
*BAJAJ AUTO*: CO SAYS THEY SAW DEMAND RECOVERY IN JUNE, UP 80-90% IN LAST TWO WEEKS
*INDIAN OFFICIALS* HAVE STARTED TO ISSUE ORDERS TO CLEAR API SHIPMENTS FROM CHINA AFTER INDIAN *PHARMA COMPANIES* RAISED CONCERNS: GLOBAL TIMES
*AXIS BANK*: APPROVED PROPOSAL RELATING TO RAISING OF FUNDS NOT EXCEEDING 150B RUPEES
*GRANULES INDIA*:
# PROMOTERS REDUCED 12.95% OF TOTAL EQUITY SHARE PLEDGE ON CO
# CURRENTLY 3.64% OF TOTAL SHAREHOLDERS' EQUITY IS STILL PLEDGE
*SSWL*:
# JUNE NET TURNOVER 827.6M RUPEES VS 1.39B (YOY)
# GROSS TURNOVER 976M RUPEES VS 1.68B (YOY)
# JUNE TOTAL WHEEL RIM SALES AT (-43%) 6.46 LAKH UNITS VS 11.28 LAKH (YOY)
*FITCH*:
# INDIA NBFC RISKS REVOLVE AROUND LIQUIDITY, ASSET QUALITY IN PARTICULAR AND REFLECT IMPACT OF VIRUS ON REPAYMENTS
# INDIA'S NBFC WILL CONTINUE TO FACE ELEVATED NEAR-TERM RISKS
# INDIA MORATORIUM WILL ERODE PAYMENT DISCIPLINE, EXTENSION WILL RESULT IN LAGGED ASSET-QUALITY PROBLEMS FOR NBFC
*JINDAL STEEL*:
# HIGHEST MONTHLY STEEL PRODUCTION OF 626,000 TONS IN JUNE 2020
# QUARTERLY STEEL PRODUCTION OF 1,670,000 TONS IN Q1 FY’21
# Q1 STEEL SALES UP 12% (QOQ)