Stock Corner
1.
A
spokesperson for Jet Airways said the airline continues to explore fundraising
activities but denied to comment on specific plans. Jet is in a rush to raise
funds to stay afloat as the triple trouble of high fuel prices, weak rupee, and
intense competition has hit it hard.
2.
Oriental
Bank of Commerce intends to divest its stake in its Joint Venture – Canara HSBC
Oriental Bank of Commercial Life Insurance at an appropriate time depending on
the market conditions
3.
HCL
Technologies and Bajaj Finance will be included in BSE Sensex from December 24,
while Wipro and Adani Ports and Special Economic Zones Ltd will be dropped from
the Sensex.
4.
BEML was
awarded contract worth Rs3,015cr for supply of 378 Metro coaches. The
deliveries are scheduled to commence July 2020 until Sep 2022.
5.
Strides
Pharma Science Ltd announced that its board has approved the company's
participation in the Series-B fundraiser of Stelis Biopharma Pvt Ltd (Stelis)
with a commitment of US$15mn in a US$100mn fund raising plan.
6.
Indian Oil
Corporation’s finance director AK Sharma said that the company hopes to meet
9mn tonnes of Iran oil import target for the financial year 2019.
Missed call
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