Stock Market Corner

Stock Corner

1.                   Indian Oil to consider buyback and dividend on Dec 13.

2.                   Syndicate Bank reduced MCLR by five basis points across the six-month and one-year tenure instruments with effect from Dec 10.

3.                   Sugar companies like Balrampur Chini, Dhampur Sugar, EID Parry, Dalmia Bharat Sugar, and others will be in focus as Oil Ministry said that the ethanol blending in petrol would double to 8%.

4.                   Escorts transferred RT Crane business to its JV company with Japan-based Tadano for Rs35cr, on a slump sale basis.

5.                   Axis Bank appointed Amitabh Chaudhry as an additional director of the bank.

6.                   HEG said that there could be a window of opportunity to export graphite electrodes to China till 2022.

7.                   Tata Sponge received environmental clearance to hike production capacity of direct reduced iron plant to 4.65lakh TPA.

8.                   United Breweries’ CFO and Director Steven Bosch resigned from the company with effect from Jan 01, 2019.

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