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Stock Market News - BPCL's share price jumped, Wipro up 2%

NEWS ALERT | Sun Pharma launches Drizalma Sprinkle in the US for oral use: BSE filing

--  Drizalma Sprinkle is a serotonin and norepinephrine reuptake inhibitor (SNRI) designed for the treatment of various neuropsychiatric and pain disorders in patients who have difficulty swallowing.


Inox Wind signs an additional deal with Adani Green for SECI 50 MW capacity: BSE filing
-- Signs an additional deal with Adani Green for a project that is part of the capacity won under SECI bids for wind projects

-- Co signs a deal for sale of a 50 MW wind power project at Dayapar, Kutch in the state of Gujarat in which Adani will be the strategic investor

-- Project comprises of 25 Nos. of its latest 2 MW Wind Turbines

AB Pandey on GST on ATF and Income-tax slab rejig
-- GST on ATF was deferred by the Council earlier; May discuss again if the fresh proposal is made

-- Any discussion on change in the income-tax slab is taken up during Budget

-- Change in the corporation tax rate was an exception

-- Report by Task Force on Direct Tax Simplification is under consideration

 NEWS ALERT | Not fair to say that GST is responsible for the current economic slowdown: Ajay Bhushan Pandey, Revenue Secy
-- Not fair to judge economic slowdown by GST collections of two months

-- Formed a Committee of Officers to have a holistic view on GST rates

-- Will discuss how to meet states' compensation requirement

-- In the past two months, cement, auto, the steel didn't perform well.

Bajaj Consumer Care rallies 19% -- The Shishir-Kushagra Bajaj family, the promoters of Bajaj Consumer Care, on Tuesday sold their 22 percent stake in the company for Rs 700 crore to pay off debt and remove the pledge on a stake from the banks

Rupee Opens: The Indian rupee opened lower by 5 paise at 71.59 per dollar on Wednesday versus previous close 71.54.

TOP GAINERS & LOSERS - 

IOC, Grasim Industries, Zee Entertainment, BPCL, Tata Motors, Dr. Reddy’s Laboratories, UltraTech Cement, Tata Steel, Bharti Airtel are among major gainers on the indices, while losers are Infosys, ITC and IndusInd Bank.  All the sectoral indices are trading higher led by the infra, auto, bank, metal, pharma and IT.

BPCL's share price jumped nearly 5% to hit the day's high at Rs 513.25 on BSE. Saudi Aramco may be in the fray to buy out the Indian government’s stake of Bharat Petroleum, as it gives the oil giant an opportunity to pierce into one of the world’s biggest oil retail markets, as per media reports.

SOURCE

Sensex \ Market News | Top Gainers | Gold | Rupee | BPCL | GST | Sun Pharma




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