NEWS CORNER
1.
Shares of NDTV was locked in the
upper circuit of 10% at Rs 39.25 on the BSE, with only buyers being seen on the
counter, after the company and Taboola, the world’s largest content discovery/
platform, signed a five-year exclusive deal worth more than Rs 3 billion.
2.
Shares of information technology
(IT) companies were under pressure on Friday with the Nifty IT index falling
over 1 per cent and extending its decline into the fourth straight day, after
the US indices extended falls as sentiment remained fragile. Tata Consultancy
Services (TCS), Infosys, Wipro, NIIT Technologies, Larsen & Toubro
Infotech, KPIT Technologies, Tata Elxsi and Sonata Software were down between
1% to 2% on the National Stock Exchange (NSE).
3.
Shares of public sector
undertaking (PSU) banks gained up to 4% on the BSE on Friday in otherwise
subdued market in intra-day trade, after Finance Minister Arun Jaitley on
Thursday said that government will infuse Rs 830 billion in public sector banks
in the remaining months of the current fiscal (2018-19). Central Bank of India,
United Bank of India, Punjab National Bank (PNB), Syndicate Bank, Allahabad
Bank, Indian Overseas Bank, Union Bank of India, Dena Bank, Oriental Bank of
Commerce, Corporation Bank, Bank of Baroda, Canara Bank and Andhra Bank were up
in the range of 1% to 4%.
4.
Shares of Bata India hit a new
high of Rs 1,135, up 3% on the BSE in intra-day trade on Friday in otherwise
weak market, surpassing its previous high of Rs 1,128 recorded on Wednesday.
Thus far in calendar year 2018, the stock of footwear outperformed the market
by surging 52% from Rs 747 level, as compared to 5% rise in the S&P BSE
Sensex.
5.
State-owned Oriental Bank of
Commerce will issue up to 5 crore new equity shares to its employees under the
employee stock purchase scheme (ESPS). The bank received the approval of
shareholders at its extra-ordinary general meeting held on December 21, it said
in a regulatory filing. The remote e-voting held for the resolution approved
with majority "to create, offer and issue up to 5 crore new equity shares.
under employee stock purchase scheme (OBC-ESPS) in one or more tranches
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