Interest rate sensitive auto, banking and realty stocks will be watched ahead of the outcome of the Reserve Bank of India's (RBI) fourth bi-monthly monetary policy review meeting today, 4 October 2019. Purchases of automobiles, including that of cars, utility vehicles and commercial vehicles are substantially driven by financing. Purchases of both residential and commercial property are largely driven by finance.
Dhampur Sugar Mills has launched country liquor at its distillery unit at Dhampur. The announcement was made after market hours yesterday, 3 October 2019.
UCO Bank said that the Board of Directors of the bank approved the proposal for the issue of equity shares on preferential basis to Government of India against capital infusion of Rs 2130 crore. The announcement was made after market hours yesterday, 3 October 2019.
The New India Assurance Company has signed the Deed of Accession for entering into the Inter Creditor Agreements for the company's exposure to the debt instruments of Reliance Home Finance and Dewan Housing Finance. The announcement was made after market hours yesterday, 3 October 2019.
Anheuser Busch InBev (AB InBev) signed an agreement with The Indian Hotels Company (IHCL) to launch a premium chain of microbreweries within its marquee hotels across key locations in India. This collaboration is worth Rs 150 crore with plans to open 15 microbreweries over the next five years. The announcement was made after market hours yesterday, 3 October 2019.
Manpasand Beverages said that the company has received resignation letter from the Statutory Auditor of the company M/s Batliboi & Purohit on 3 October 2019, with immediate effect. The announcement was made after market hours yesterday, 3 October 2019.
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