Market View 2nd September2022

Asian markets:

ADR Watch:

Commodities & Currency:

FIIs & DIIs:

News Update:

Infosys: Completed acquisition of Europe based consulting firm BASE life science. BASE further expands Infosys’ footprint in the Nordics region and will bring domain experts with commercial, medical, digital marketing, clinical, regulatory, and quality knowhow.

Adani Enterprises/NDTV: Adani Enterprises, in response to NDTV’s promoter company RRPRs letter claiming that Income Tax Department approval is needed for deal, said that it has “no merit or basis in law or in fact.” VCPL called upon RRPR withdraw the letter and execute the conversion of warrants.

Adani Enterprises/Shree Cement: The National Stock Exchange has included Adani Enterprises Ltd. in its Nifty 50 index, while removing Shree Cement Ltd. in the semi-annual rejig.

GMR Power & Urban Infrastructure: Approved for raising of funds of up to Rs 3000 crore in one or more tranches through issue of securities including a Qualified Institutions Placement and/or Foreign Currency Convertible Bonds and/or any other securities.

NTPC: The co. is considering selling 20% stake of its clean energy unit, Bloomberg reported. Brookfield Asset Management Inc. and Canada Pension Plan Investment Board are among 13 suitors that have shown interest, the report added.

Eicher Motors: The company’s total motorcycle sales rose 53% year-on-year to 70,112 units in August.

 Source: Moneyontrol, Livemint,, Bloomberg, Investing

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