Chetan Deepak Shah

SBI CARDS: CA ROVER HOLDINGS, AN AFFILIATE OF CARLYLE ASIA TO SELL 3.2 CR SHARES (3.4% STAKE) || INDICATED PRICE BAND RS 1021-1072/SH (0-4.8% DISC) || TO RAISE $443 M AT LOWER END OF PRICE RANGE, 90 DAY LOCK UP FOR SELLER || CITIGROUP & BOFA SEC BOOK-RUNNERS - CNBCTV18

Stocks Ban In F&O:
Escorts,
Exide Ind,
Indiabulls Hsg,
IRCTC,
Nalco,
PNB,
Sail,
Sun TV

Trading Tweaks

Ex-Date Final Dividend: Aarti Industries, Aksharchem (India), BCL Industries, Balmer Lawrie Investments, Best Agrolife, Caplin POint Laboratories, Denis Chem Lab, Dixon Technologies (India), Dynamic Industries, Force Motors, Goldcrest Corporation, Hinduja Global Solutions, Jyoti Resisn & Adhesives, Mazgaon Dock Shipbuilders, Radico Khaitan, SAIL

Record Date Final Dividend: Ruby Mills, NXT Digital, Heidelberg Cement India, Him Teknoforge, Bright Brothers

Record Date Stock Split: CESC

Record Date Rights Issue: RPP Infra Projects

Price Band Revised From 10% To 20%: Sobha

Price Band Revised From 20% To 10%: Bodhi Tree Multimedia, Thirumalai Chemicals

Moved Into Short-Term ASM Framework: Lokesh Machines, California Software Company, Yes Bank

Moved Out Of Short-Term ASM Framework: RPG Life Sciences, Shemaroo Entertainment

Moved Into Long-Term ASM Framework: Rohit Ferro-Tech, Shemaroo Entertainment

Insider Trades

Kotak Mahindra Bank: Promoter Janak Desai sold 8,000 shares on Sept. 17.

Apollo Tyres: Promoter Group Sunrays Properties and Investments Company Pvt. Ltd. sold 6.44 lakh shares on Sept. 14 and 15.

Axis Bank: Promoter General Insurance Corporation of India sold 1 lakh shares on Sept. 16.

Inox Wind: Promoter Inox Wind Energy Ltd. sold 37 lakh shares between Sept. 13 and 17.

Adani Ports & SEZ: Promoters Gautam Adani and Rajesh Adani revoked pledge of 13.47 lakh shares on Sept. 16.

Adani Transmission: Promoters Gautam Adani and Rajesh Adani revoked pledge of 50,000 shares on Sept. 16.

Stocks To Watch

Wipro: Company has announced setting up a new co-innovation space with Google Cloud. The innovation arena will be based in Bangalore and used to provide in-house technical expertise for cloud addoption and acceleration business transformation for customers.

Indian Oil: Efforts are being made at the Barauni refinery in eastern India to restart the crude processing unit after a blow-up incident on Sept. 16 injured 19 people. Startup of operations of remaining process units from the planned maintenance shutdown is proceeding as per schedule, a company statement said.

Intellect Design Arena: Announced a strategic partnership with Resurs Bank for a new cloud-based banking platform. Intellect will be implementing its microservices-based digital banking solution IDC and iKredit460 to optimise processes and operations.

3M India: Board has approved a merger of its wholly owned subsidiary 3M Electro & Communication India into itself for greater integration and conslidation of business operations.

Sobha: Chief Financial Officer Subash Mohan Bhat has resigned. He will continue in his position till a new CFO is appointed.

Bajaj Holdings: Board has approved an interim dividend of Rs 90 per equity share. The record date for the interim dividend will be Sept. 29, 2021.

Shipping Corp: India's government has approved a plan to form a new unit after demerger. The resulting unit will be a wholly-owned subsidiary of the company.

Motilal Oswal: Company intends to issue 1,000 Secured Principal Protected Market-Linked Non-Convertible Debentures of face value Rs 10 lakh each on private placement basis in one or more tranches.

Adani Ports: Approves issue of Rs 1,000 crore of debentures.

Cadila Healthcare: Gets U.S. FDA approval to market antidepressant pills

DCB Bank: Moneyboxx Finance Raises Rs 7.5 crore From DCB Bank

Inox Wind: Founder Inox Wind Energy sold 1.47m shares in Inox Wind: BSE

IRB Infrastructure: Sindhudurg airport gets Airodrome license

KEC International: Acquires Spur Infrastructure, an EPC company in the Oil and Gas Pipelines sector for Rs 62 crore

Rail Vikas Nigam: Gets Rs 1,035 crore contract for Indore Metro Rail project

Shipping Corp: Gets govt nod to form new unit on demerger

Indiabulls Housing Finance public issue of NCDs gets 2.96 times demand, offer close Sept. 20

World Markets

Dow - 166
Nasdaq - 138
Dax - 162
Nikkei Closed
Hangseng - 500
Sgxnifty - 130 (17475)
Brent Crude 75.02
Dow Fut - 73
Dollar Index 93.26

Chetan Deepak Shah We are Tax Consultancy Firm Started from the year 2003. We offer Services relating to all type of taxation Works. We also provide all the incidental Services relating to financial matters such as Investment in Shares & Mutual Funds etc.

*Lupin* has received 7 observations for its Goa Unit. The inspection was carried out between Sept 6 to Sept 18. The management is confident of addressing the observations satisfactorily. However, it is a *Negative development* though difficult to say about the severity as the details of the observations are unknown.

"Indian PSU banks have always been underperformers due to high NPAs on their books and have always been traded at a good amount of discount to industry price-to-earnings (PE). Now the announcement of bad bank and government guarantee for security receipts issued by NARCL is expected to improve the prospects of PSU banks going forward," said Rahul Sharma, Co-Founder at Equity99.

Time To Turn Bullish On PSU Banks After Cabinet Clears Rs 30,600 Crore-guarantee For Bad Bank? The country's largest lender State Bank of India is one of the top picks in the PSU banking space, which experts say can beat private banks

Bulk Deal as on 17-09-21

Aster Dm Health Care
+ 26.59 Lk @ 216.42 Vanguard Total International Stock

Balaji Amines
- 1.83 Lk @ 4779.1 Integrated Core Strategies Pte Ltd

Carbornudum Universal
- 13.42 Lk @ 858.04 Integrated Core Strategies Pte Ltd

Fairchem Organics
- 1.15 Lk @ 1925 Banbridge Ltd
+ 1.15 Lk @ 1925 High Conviction Fund

Hfcl Ltd
- 70 Lk @ 73.33 Keventer Capital Ltd

Inox Wind Energy
- 14.73 Lk @ 104.34 Inox Wind Energy

Karur Vysya Bank
- 82.50 Lk @ 45.75 Dovetail India Fund class

KEI Industries
+ 9.86 Lk @ 847.56 The Vanguard Group Inc

Kpit Tech
+ 45.83 Lk @ 319.77 The Vanguard Group Inc
- 17.39 Lk @ 319.9 Acacia Conversation Fund Lp

McLeod Russel
+ 5.92 Lk @ 27.54 Niraj Rajnikant Shah

Praj India
- 10.23 Lk @ 341.63 Integrated Core Strategies Pte Ltd
+ 9.24 Lk @ 341.71 Vanguard Total International Stock

Reliance Power
- 2.04 Crore @ 13.75 Integrated Core Strategies Pte Ltd

Skf India
- 2.74 Lk @ 3033.16 Integrated Core Strategies Pte Ltd

Surya Roshni
+ 4.27 Lk @ 720.83 Employees Retirement System of Taxes

Thirumalai Chemical
+ 14.45 Lk @ 258.52 WHV-EAM International
Small Cap

Walchandnagar
- 2.95 Lk @ 55.48 Vistra Itcl India Ltd.

Online app-based food delivery platforms like Zomato and Swiggy will now have to pay five per cent Goods and Services Tax (GST). This was decided at the 45th GST Council meeting on Friday.

it was soon clarified that the move will have no impact on end consumers as no new tax has been proposed or added.
Addressing a press conference after the meeting, Finance Minister Nirmala Sitharaman said e-commerce operators (ECOs) like Zomato and Swiggy will have to collect and deposit the five per cent GST for food deliveries instead of restaurants they pick up orders from.

Revenue Secretary Tarun Bajaj made it clear that the move will not impact end customers and they will not have to pay more. Neutral for Zomato.

BAJAJ FINANCE: CO STATUTORY AUDITOR RESIGN