Telecom stocks will be in focus after Supreme Court, yesterday, 16 January 2020, dismissed the review pleas from telecom companies that sought relief on interest and penalty payments in connection to the verdict on Adjusted Gross Revenue (AGR). The deadline for telecom companies to meet the license fee dues as per the apex court's AGR judgement is 23 January 2020.
Index heavyweights Reliance Industries, Tata Consultancy Services, HCL technologies, ICICI Bank will announce their Q3 result today, 17 January 2020.
GMR Infrastructure said that the Supreme Court of India has lifted suspension of the environment clearance on GMR Goa International Airport (GGIAL). This in effect will result in resumption of the construction activities at the project site to build a greenfield international airport at Mopa, Goa, by GGIAL.
Wipro said that Wipro Ventures, announced the closing of its $150 million Fund ll. Buoyed by the success of its first $100 million fund launched in 2015, Wipro Ventures will continue to invest in early to mid-stage companies building innovative enterprise software solutions across key areas, including cybersecurity, application development, analytics, cloud infrastructure, test automation, and Al.
Metropolis Healthcare said that the board of directors of the company have approved the acquisition of Shraddha Diagnostic Centre and the share purchase and shareholders' agreement were executed on 16 January 2020.
UCO Bank informed that the board of directors of the Bank have approved the proposal for the issue of equity shares on preferential basis to Government of India against capital Infusion of Rs 2142 crore. Extraordinary General Meeting of the shareholders of the bank will be held on 14 February 2020 for seeking shareholders' approval.
CEAT has informed that the board of directors of the company, will consider a proposal for issuance of listed/unlisted secured/unsecured redeemable non-convertible debentures on private placement basis.
Also Read
HIL informed that informed that the board of directors of the company has approved sale and transfer of the company's calcium silicate insulation products division operated under the brand HYSIL to Calderys India Refractories through a slump sale arrangement on a going concern basis.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content