Stocks in Focus on January 20: NBFC, NMDC to VIL; here are 5 shares that can make news today
Key equity barometers ended near the flat line after a volatile session on Friday, January 17, 2020. But certain stocks made news after the market was closed and can make an impact on the indices when it reopens on Monday, January 20, 2020
Key equity barometers ended near the flat line after a volatile session on Friday, January 17, 2020. But certain stocks made news after the market was closed and can make an impact on the indices when it reopens on Monday, January 20, 2020. Here is a list of five such stocks:
NBFC In Focus: The government is discussing mechanism including the Troubled Asset Relief Program (TRAP) to get credit flowing by providing support to the nonbanking finance companies (NBFCs). TRAP likely to be announced during the budget that will be presented on February 1, 2020.
NMDC Ltd: Public sector iron ore miner NMDC Ltd has increased iron ore product prices for the second time in January 2020. It has hiked prices of lumps by Rs400/ton and fine ore by Rs350/ton. The price hikes became effective from January 19, 2020.
Banks In Focus: The bank unions are planning to observe strike in three phases. It has given a call for a two-day strike beginning January 31, 2020. It has also called a three-day strike from March 11, and if the demands are not met, they have threatened to go on an indefinite strike from April 1, 2020. The decision to go on a strike was taken as our demands of wage revision settlement at 20 per cent on the payslip, five-day banking, merger of special allowance with basic pay, scraping of new pension scheme etc have been lying pending since long.
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ITC/Godfrey Philips/Liquor Stocks In Focus: The commerce and industry ministry has proposed to reduce the number of duty-free alcohol bottles and cigarette packets that a passenger can buy art duty-free outlets when returning from an overseas trip. India currently allows the purchase of alcoholic liquors or wines of up to 2 litres and 100 cigarettes or 25 cigars or 125 gm of tobacco per adult passenger. Beyond this, an additional duty of 45% is levied over and above the actual tax.
Vodafone Idea (VIL): The telecom firm may offer the government a small part of its statutory dues by January 23, 2020, to ensure it doesn't get a defaulter tag and then seek some relief. It also has plans to seek an extension of the January 23 deadline from the Supreme Court.
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