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The inclusion of gas under the GST regime may boost the gas volume and benefit companies across the value chain from upstream (ONGC, Oil India), mid-stream (GAIL, GSPL) and downstream (Indraprastha Gas, Mahanagar Gas, and Gujarat Gas).
Stocks in the news: Maruti, IRB Infra, Vodafone Idea, Tata Consumer, ABB Power and Tata MotorsIRB Infra has received an award letter from NHAI for executing a stretch of Vadodara-Mumbai Expressway at a cost of Rs 1,755 crore.
from Stocks-Markets-Economic Times https://ift.tt/2Xhwla0
… Read MoreWill the Reliance rally pause in the 5th month again?The historical data suggest that RIL’s stock sees profit booking in the fifth month if it records four months of the consecutive gains in the last decade.
from Stocks-Markets-Economic Times https://ift.tt/3k1BkWi
… Read MoreBenchmark gilt retired in 3 monthsThe drastic reduction in the duration of the benchmark 10-year bond, which plays a major role in fixing the rate of interest by banks, was necessitated by the government’s massive borrowing programme this year, mainly due to … Read MoreRBI may cut reverse repo to push credit flowAbout three-fourths of the survey respondents believe the central bank will cut the reverse repo rate by 15-35 basis points (bps). The reverse repo, or the rate at which banks are parking surplus money with the central bank, … Read MoreYes Bank puts AMC arm on the blockThe bank, which was taken over by lenders led by State Bank of India as part of a rescue package, has received proposals from six entities expressing interest to takeover Yes Mutual Fund, which had assets under management of … Read More
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