Friday, September 25, 2020

India Business News

Top Things To Know Today Morning:

1. The Indian stock market is expected to open in the green.
2. Oil steady as market eyes coronavirus hit to demand.
3. Centre extends suspension of proceedings under IBC by 3 months.
4. US weekly jobless claims unexpectedly rise.
5. Social security code is expected to revamp the growing gig economy.
6. India Ratings maintains negative outlook on NBFCs, HFCs for H2 FY21.
7. Indian banking system will be one of the slowest to recover: S&P
8. Banks sanction loans worth Rs 1.77 lakh crore to 44 lakh MSMEs under credit guarantee plan.

Stock Specific News:

1. TCS has bagged an order from fashion apparel retailer Maurices for digital services.
2. Mahindra & Mahindra has increased its stake in Sampo Rosenlew to 74.97 percent.
3. ONGC will soon resume operations in the Hazira plant after the fire.
4. Marico has divested its entire stake in the fitness app Revofit.
5. RITES has received a turnkey contract for Rs 205.85 crore.
6. Nippon Life has received a joint mandate to manage Post Office Life Insurance Fund and Rural Post Office Life Insurance Fund for 3 years.
7. RBI has imposed a penalty of Rs 5 lakh on Shriram City Union Finance.
8. HUDCO has achieved loan sanctions of Rs 2,607.12 crore and loan releases of Rs 3,277.04 crore.
9. IRB Infra Developers has received a completion certificate for the Yedeshi Aurangabad BOT project.
10. CARE Ratings has downgraded long-term bank facilities of Sadbhav Engineering to CARE BBB+ from CARE A-.