Monday 26 November 2018

MARKET NEWS CORNER


NEWS CORNER



1.     Jet Airways issues clarification, says media report indicating merger of Jet Privilege and Jet Airways was speculative. Meanwhile, company is in talks with investors to secure sustainable financing.


2.     GMR Infra signed a concession agreement for developing a commercial port in Andhra Pradesh
3.     GAIL: Deoghar, Sheikhpura, and Jamui districts will be included within the 50 geographical areas under the 10th bidding round of city gas distribution to be launched by PM Narendra Modi on November 22
4.     Gujarat Ambuja Exports gets relief; National Green Tribunal (NGT) issues order stating that proceedings against the company’s maize processing unit at Uttrakhand have been dropped.
5.     Deepak Fertilisers and Petrochemicals said normal operations had resumed fully as the I-T team conducting search and seizure operations left the company’s offices.
6.     IL&FS Transportation: Interest due and payable on November 21 on NCD not paid due to insufficient funds.
7.     The United States Court of Appeals issued a decision in favor of Dr. Reddy's Laboratories in the case vs. Indivior. This decision will now allow Dr. Reddy's to sell its generic version of Suboxone® (buprenorphine and naloxone) sublingual film. As a result of this ruling, Dr. Reddy's will resume its launch activities as soon as permitted.

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