Last Update: March 10, 2023, 09:06 AM IST
Stock for viewing on Friday.
Stocks to watch: Shares of firms like Reliance, Tata Motors, Wipro, Bank of Baroda, HAL, and others will be the focus of Friday’s trade.
smelly Futures contracts traded on the Singapore Exchange indicated a negative opening for domestic equities. The contract was trading at 17,473.50, down 144.5 points or 0.82% from its previous close.
“The domestic market could hardly maintain its previous gains as the Fed chairman’s reaffirmation of his flamboyant statement brought more worries. Against this backdrop, the upcoming US jobs data will have a substantial impact on the Fed’s policy decisions at the upcoming FOMC meeting. The better-than-expected jobs report will prompt the Fed to hike interest rates by 50 bps.
Reliance Industries
Nearly 23 years after the soft drink brand stopped selling in India, Reliance Industries Group’s FMCG unit announced the relaunch of Campa Cola along with two other flavours. Reliance Industries had acquired the Campa business early last year for Rs 22 crore. Campa is being launched by Reliance Consumer Products, the FMCG arm and wholly owned subsidiary of Reliance Retail Ventures. Reliance Polyester also completed the acquisition of the polyester business of Shubhalakshmi Polyesters and Shubhalakshmi Polytex.
Tata Motors
Tata Technologies subsidiary of Tata Motors filed DRHP with SEBI on Thursday IPO for sale of 95,708,984 equity shares through Offer for Sale (OFS), representing approximately 23.60% of its paid-up share capital.
Bank of Baroda
The lender’s board of directors has approved the bank’s disinvestment plan to reduce stake in its wholly owned subsidiary BOB Financial Solutions to 49%. BOB Financial Service’s is the credit card arm of the lender, which offers consumer and commercial credit cards and caters to all segments of customers with varied needs.
Ujjivan Small Finance Bank
NSE and BSE provided their observation papers for the scheme of amalgamation between Ujjivan Financial Services and Ujjivan Small Finance Bank. This will allow the lender to further file its plan with the NCLT.
wipro
Wipro announced that it has been selected by Menzies Aviation, the world’s largest aviation service company, to transform its air cargo management services. Wipro UK & Ireland Managing Director Onkar Nisal said, “Wipro is delighted to partner with Menzies Aviation, a global powerhouse in aviation services. This collaboration allows us to leverage Wipro’s extensive technical capabilities combined with Menzies’ vast cargo-handling and management experience. Leverage enables us to deliver a product that will help revolutionize the air-cargo industry.
Hindustan Aeronautics
The Hindustan Aeronautics Board will meet today to consider and approve the interim dividend.
Zydus Lifesciences
Zydus Lifesciences has received final approval from the United States Food and Drug Administration (USFDA) for Erythromycin tablets.
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