Tower Talk – March 08 – 15, 2019

Shriram Transport Finance intends to tap the overseas market in dollar-bond sales to meet its capex plans. Buy. Reliance Jio has bought majority stake in Haptik (an artificial intelligence firm) for ~Rs.700 crore. A positive for its parent company – Reliance Industries. Buy. JK Tyre & Industries has made a preferential allotment of Rs.200 crore Read More

News of the day – 08 Apr 2019

Business Standard Ø  Jet lenders to invite EoIs for bidding on Monday Ø  New rules to identify cos controlled from abroad Ø  Irdai mulls offering installment mode for insurances Ø  RBI yet to approve Lakshmi Vilas Bank-IHFL merger Ø  NGT imposes Rs 100-cr penalty over illegal sand mining Ø  NIIT Tech to acquire WHISHWORKS; sell Read More

Tower Talk – March 01 – 07, 2019

The government is adamant to increase the output and sales of Coal India to cater to the rising demand for coal. A good dividend yield is likely soon. Buy. Lupin has received the ‘European Good Manufacturing Practice’ certificate for its Mammalian facility in Pune where it plans to manufacture a biosimilar drug – Etanercept. A Read More

News of the day – 01 Apr 2019

Economic Times Business Standard Ø  75 power companies have debt of Rs 2.24 lakh crore Ø  Welspun Corp to sell assets worth Rs 940 crore Ø  India to be among top-10 media markets by 2021: Study Ø  ILFS Securities files case against Delhi Police’s EOW Ø  Govt notifies new accounting standard on leases Ø  DGH Read More