Friday, 6 July 2018

Stock Market Corner

Stock Corner

1.                   Reliance Industries Limited announced on Thursday the launch of high-speed Jio GigaFiber broadband, which aims to boost fixed-line connectivity in India, and an upgraded version of its Jio Phone with popular social media apps such as Facebook.


2.                   Fortis Healthcare will evaluate the binding bids it received with advisors.
3.                   Dena Bank proposed to sell 60.5 lakh shares in NSDL E-Governance Infrastructure, NSDL and SIDBI shares..
4.                   Tata Coffee receives shareholder nod to reappoint Sanjiv Sarin as MD and CEO and Chacko Purackal Thomas as Deputy CEO.
5.                   United Bank of India hiked MCLR by 10 basis points across all tenors from July 5.
6.                   GVK Group may sell its nearly 50% stake in TAJGVK Hotels and Resorts—a joint venture with Tata Group’s Indian Hotels Company—to Fairfax Holdings.

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