Market Update

IPO | Vedanta | TRAI Chairman | GE T&D | Iron and steel products | MAIL | Tata Group | In Hindi

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Published on Sep 29, 2020

Today 3 IPOs have been opened in Primary Market; Billionaire businessman Anil Agarwal's company Vedanta has received in principle approval from BSE and NSE to separate Delist from Share Market; Government appointed PD Vaghela as Chairman of Telecom Regulatory Authority of India i.e. TRAI on 28 September; According to GE T&D, a company in the power transmission and distribution sector, it has got the permission of the shareholders to double the Borrowing limit to Rs 1,000 crore; The government has mandated registration under the Steel Import Monitoring System i.e. SIMS for traders importing all iron and steel products as well as some goods related to the railway; Maruti Suzuki India Limited, the country's largest car manufacturer, has selected 5 new startups under its MAIL i.e. Mobility and Automobile Innovation Lab Program; The Tata Group, which does business from salt to software, is preparing to develop a digital platform and a super app to compete with Jio Platforms and Leaders like Amazon in the country's retail business; According to the World Bank, due to the corona virus epidemic this time East Asia & Pacific will have the lowest growth rate in the last 50 years; Hyderabad-based Sigachi Industries has filed its IPO with Draft Red Herring Prospectus, the market regulator SEBI, to collect around Rs 60 crore.

The Supreme Court has extended the term of the Loan Moratorium to 5 October; The market cap of 8 of Sensex's top 10 companies fell by Rs 1,57,277.53 crore last week; Foreign portfolio investors have raised Rs 476 crore withdrawal from Indian markets so far in September; After Yes Bank, the new tension Lakshmi Vilas Bank has become in front of RBI; A US court stayed the US President Donald Trump's decision to ban TikTok's download in an emergency hearing; ONGC saw a spurt today, with shares of Multiplex stocks PVR and Inox Leisure gaining significantly on Monday; Flipkart wholesale, the digital B2B marketplace of the Flipkart group developed in the country, has today announced the 'Big festival month'.

The financial situation of India's businessman Anil Ambani caught in a loan has deteriorated; Britain's telecom company Vodafone has won the International Court of Arbitration in its old Tax Dispute case with the Indian government; Harley Davidson, a US-based luxury bike company, will close 2,000 jobs at its 35 dealerships by consolidating business in India; The Enforcement Directorate, or ED, has seized a Residential flat of Yes Bank founder Rana Kapoor, located at Apartment 1 at 77 South Audley Street, London; Philip Morris International i.e. PMI CEO Andre Calantzopoulos has said that the sale of cigarette cigarettes could end within 10 to 15 years in many countries due to civil society and Right Regulatory Encouragement

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