Sensex ends 214 pts higher amid broad-based buying; Asian Paints gains 4%

All that happened in the markets today

3:04 PM

AGR Case :: Spectrum is recognized as an asset, it is the most valuable asset with telcos, says Kipal Sibal for Airtel

>> Spectrum is taken as security by the lenders. 

 

>> If SC refuses to recognise the sale of spectrum, banks will stop lending to telcos, will grievously hurt the telecom sector

COMPANY	LATEST(rs)	CHG(rs)	CHG(%)
VODAFONE IDEA	8.62	0.11	1.29
BHARTI AIRTEL	523.15	-2.35	-0.45
TATA COMM	892.00	-11.55	-1.28

2:56 PM

AGR Case :: SC holding that spectrum can't be sold, will not help recover AGR dues, says Salve for RComm CoC

>> If spectrum sale is not allowed, Spectrum will be returned to DoT, auctioned for future use, wont help recover AGR. 

>> Issue of sale of spectrum should be left to NCLT

2:55 PM

HDFC twins contribute the most to today's gain in Sensex

2:54 PM

AGR Case :: Harish Salve (for Jio), Kapil Sibal (for Airtel) say no demand by the govt for additional dues

2:48 PM

NEWS ALERT :: YES Bank executes definitive agreement for sale of 100% equity shareholding of YES Asset Management, YES Trustee

2:45 PM

GAIL: Demand, fertiliser plants, city-gas distribution to drive earnings

Domestic gas demand has rebounded to pre-Covid-19 levels now as reflected in GAIL’s stock prices. The country’s largest state-owned gas processor and distributor has seen its stock prices surge 25 per cent from May lows. Though the June quarter performance reported last week disappointed the Street, prospects are nevertheless improving for the company. READ MORE

2:37 PM

STOCK ALERT :: Asian Paints hits record high

2:31 PM

AGR Case :: Videocon RP concludes arguments

>> AGR dues for Videocon is pegged at Rs 1,376 cr

Alert: RP is resolution professional

2:30 PM

AGR Case :: We are not liable to pay anything beyond the CIRP process, says Videocon counsel

>> AGR dues will be addressed as operational dues under the IBC Process 

 

>> Waterfall mechanism will have to be followed as per IBC.

2:27 PM

AGR Case :: As per trading guidelines, past dues need to be paid before transfer of spectrum, observes SC

>> If you don't pay, Bharti, who acquired Videocon spectrum, will have to pay

2:25 PM

BUZZING SOTCK:: Jubilant Life Sciences gains 4%

2:25 PM

AGR Case :: Payment of AGR dues will be as per the IBC, says Videocon counsel

2:24 PM

Indian PSBs face fresh capital shortages as coronavirus bites: Moody's

The most likely source of capital to plug these capital shortfalls is the government, despite its completion of a large recapitalisation just a few months ago. READ MORE

2:16 PM

NEWS ALERT | Hearing begins in the AGR case

2:12 PM

GMM Pfaudler, IndiaMART: 70% of Nifty500 stocks trade above their 200-DMA

The 200-day moving average (DMA) is widely acknowledged as an indicator to determine the overall trend by market participants. Simply put, this average assists in identifying a bullish and bearish sentiment for an index or a stock. One can even consider taking a medium-to-long term position in an index or a stock with the help of 200-DMA. READ MORE