Market Highlights

---

Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

---

March 30, 2022

• *My attitude is that I always want to be better prepared than someone I’m competing against. The way I prepare myself is by doing my work each night.* Marty Schwartz
• Ø Tata Steel appoints Noel Naval Tata as additional director
• Ø Bankers decide to refer Future Retail to NCLT
• Ø ICICI Bank to buy 10 lakh shares in open network e-commerce platform ONDC
• Ø Fed's Harker says interest rate hikes to be 'deliberate, methodical'
• Ø Govt to sell up to 1.5% stake in ONGC to raise Rs 3,000 cr
• Ø Ruchi Soya defers board meeting to decide FPO issue price to Thursday
• Ø FPI outflow crosses record Rs 2 lk crore in March on rolling 12-month basis
• Ø New Sebi rules set the stage for formal adoption of ESG from April 1
• Ø Steel cos have agreed to cut prices for MSMEs despite disruption: RCP Singh
• Ø Hemani Industries files draft papers for Rs 2,000-crore IPO
• Ø Uma Exports IPO subscribed more than 3 times so far on day 2
• Ø Veranda Learning IPO subscribed 94% on Day 1
• Ø Ruchi Soya FPO updates in cumulative bids section only on BSE, says exchange
• Ø Hero MotoCorp made over Rs 1k-cr bogus expenses, I-T search reveals
• Ø Reliance Jio close to sealing 5G deal with South Korean major Samsung
• Ø ELSS and PPF can be good last-minute tax-savers, say analysts
• Ø Land special purpose vehicle on fast track as board structure finalised
• Ø Tata Consumer Products announces recast of India and overseas businesses
• Ø Russia promises to scale down operations near Kyiv and north Ukraine
• Ø Adani Group achieves financial closure of Navi Mumbai airport project
• Ø Punjab National Bank plans to raise Rs 12,000 crore through bonds
• Ø India's oldest bourse BSE searches for CEO as Ashish Chauhan's term ends
• Ø FDA authorises second booster of Pfizer/BioNTech, Moderna Covid shots
• Ø FMCG categories see sharp downtrading in markets, shows data
• Ø Indian airports estimated to see 69% more passengers in 2022-23: Govt
• Ø Supreme Court seeks NSE response on investment in unrelated businesses
• Ø NASDAQ- listed Yatra Online files DRHP with SEBI for IPO; plans to raise more than Rs 750 crore
• Ø Auto fuel prices hiked again by 80 paise a litre
• Ø ‘Dermicool’ brand to deliver good gross margin and Ebitda margin, says Emami
• Ø HDFC sells over 2 pc stake in oil explorer HOEC during July-Mar for Rs 61 cr
• Ø India pays for Russian LNG imports in US dollar
• Ø Ruchi Soya files FIR against circulation of text messages advertising FPO, says SMS not issued by company
• Ø SEBI inching ahead to set up Social Stock Exchange
• Ø Future Enterprises defaults on Rs 19.16 crore loan repayment
• Ø Gujarat Polysol Chemicals files IPO papers with SEBI, plans to raise Rs 414 crore
• *Tata Coffee:* Company to merge with Tata Consumer, shareholders of TCL will receive an aggregate of 3 equity shares of TCPL for every 10 equity shares held by them in TCL. (Positive)
• *Welspun Corp:* Associate company EPIC in the Kingdom of Saudi Arabia (KSA), has won an order of SAR 497 million (Positive)
• *Exide Ind:* Board Approves Merger Of Subsidiary Chloride Power With Company (Positive)
• *BEL:* Ministry of Defence & BEL conclude a contract for supply of Advanced Electronic Warfare suite for fighter aircraft of IAF (Positive)
• *Rail Vikas Nigam:* The company has signed a MoU with wholly owned subsidiary of JK Cement - Jaykaycem (Central). (Positive)
• *IDBI Bank:* The board has granted in-principle approval for divestment of the bank's stake up to 11.10 percent in NSDL (Positive)
• *OMCs:* Petrol prices hiked by 80 Paise/Litre & Diesel By 80 Paise/Litre, Eighth increase in nine days (Positive)
• *Adani Enterprises:* Gets Financial Closure of Navi Mumbai Airport Project; State Bank of India (SBIN) Underwrote the Entire Debt of INR128b (Positive)
• *Cerebra Integrated:* Meeting on April 4 to Consider Rights Issue (Positive)
• *RSWM:* The company has entered into definitive business transfer agreement with Pegasus Inland for sale/transfer of private freight terminal (PFT) for Rs 33 crore. (Positive)
• *Clean Science:* The company has invested Rs 55 crore in its subsidiary Clean Fino-Chem, through rights issue. (Positive)
• *Lemon Tree:* The company has signed a License Agreement for a 132-room hotel project at Rishikesh in Uttarakhand under the company's brand Aurika Hotels & Resorts (Positive)
• *ONGC:* Government to sell upto 1.5% equity stake worth Rs 3,000 crores (incl 0.75% upsize option) (Neutral)
• *United Spirits:* Strategic Review Of Brands Still On, Expected To Complete By May 31 (Neutral)
• *Hero Motocorp:* To Increase Ex-Showroom Prices By Up To Rs 2,000 From April-5 (Coming Tuesday) (Neutral)
• *State Bank of India:* The board has given approval for buying 13.82 percent stake in SBI Global Factors (Neutral)
• *InterGlobe Aviation:* Jiten Chopra has resigned as Chief Financial Officer (CFO) of the company. (Neutral)
• *IRB Infrastructure:* The board has approved an implementation of Palsit Dankuni BOT project through the company's associate IRB Infrastructure Trust (Neutral)
• *Can Fin Homes:* The board revalidated approvals for issue of non-convertible debentures, on private placement basis up to Rs 2,265 crore. (Neutral)
• *Jindal Stainless:* The board has approved re-appointment of Ratan Jindal as the Chairman and Managing Director of the company for a period of five years. (Neutral)
• *Hero MotoCorp:* Says Not Served any Document on Tax Search, to Inform Exchange when Tax Dept Finding Known. (Neutral)