By keeping a close watch on every movement of stocks, your investment can definitely be protected. Here we are telling such stocks which will be in the news today and on which the market will be eyeing.
government bank shares
In order to buy the bad loans i.e. NPAs of banks, the cabinet has approved the proposal of giving guarantee of about 31 thousand crores to NARCL i.e. Bad Bank. Due to this, banking stocks can be seen in enthusiasm today. Giving information about this decision of the cabinet yesterday, the Finance Minister said, this government guarantee is for the next 5 years. In lieu of this guarantee, NARCL will also have to pay a fee of 0.25 to 0.5 percent in the second year. NARCL plans to manage a total of Rs 2 lakh crore of bad assets. In the first phase, there is a plan to manage assets worth 90 thousand crores. The Finance Minister has expressed confidence that soon after this decision of the cabinet, NARCL will get approval from the Reserve Bank. PSBs will hold 51% in NARCL. Debt Management Company will hold 49% stake in NARCL. Banks will be given 15% cash, while 85% will be given security receipts. The government guarantee for security receipts will be for 5 years. Bad loans of NARCL will be settled in 5 years.
The company will increase the prices of motorcycles and scooters by up to Rs 3000 from September 20. The rise is being driven by rising commodity prices. Hero MotoCorp has said that the demand is expected to increase in the festive season.
Food delivery may attract GST
There is an important meeting of the GST Council in Lucknow today. It will be attended by Finance Minister Nirmala Sitharaman. Food delivery may attract 5% GST. GST exemption on Covid medicines may continue. States’ compensation, cess and petrol and diesel are also expected to be discussed. The impact of this news can be seen on food delivery companies like Zomato.
SANSERA ENGG’s IPO filled more than 11 times
The IPO of SANSERA ENGG has received good response. This IPO has closed by filling more than 11 times. The company has raised around Rs 1280 crore. Its price band is between Rs 734 to 744.
Agreement between BIOCON BIOLOGICS and SERUM
BIOCON BIOLOGICS and Serum Institute have tied up for vaccine supply in the global market. Under this agreement, SERUM will provide 100 million vaccines annually for 15 years. Corona vaccine will also be included in this. Under the agreement, SERUM (Serum Institute Life Sciences) will get 15% stake in Biocon Biologics. The 15% stake is valued at $4.9 billion. BBL will be able to sell SILS vaccine in the global market. Adar Poonawalla will also get a board seat in BBL.
Rs 5,886 crore investment in WHITE GOODS PLI
ACs and LED Lights companies will rock today. 52 companies including Dixon, Voltas have applied for White Goods PLI. An investment of about 6 thousand crores has been promised in this sector.
ANTI DUMPING DUTY ON ALUMINIUM FOIL
Companies associated with ALUMINIUM will be in focus today. ANTI DUMPING DUTY IS PLAYED ON ALUMINIUM FOIL. The Finance Ministry has issued a notification on this. Many companies including HINDALCO had demanded this.
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