DSIJ Mindshare

Telecom stocks zoomed on Friday after the elder brother Mukesh Ambani cued buying of Anil Ambani’s Reliance Communication assets under its new but popular Reliance Jio brand. Jio inked definitive agreement to buy out RCom assets which would help RCom repay debts which currently stands at around Rs. 49,000 crore.

Public sector banking major, Canara Bank has backtracked on its plans to sell off stakes in Canara Robeco Asset Management Company. The bank had announced a monetization drive in November this year, wherein it had put its AMC, registrar and transfer agent businesses on the block.

We are at the doorstep of 2018 and that the trading the month of January 2018 would kick off with the auto sales data. The last trading day of 2017 witnessed a sharp upsurge in the Nifty Auto index may be ahead of good auto sales numbers to be released by Auto majors in the next week. 

We are at the doorstep of 2018 and that the month of January 2018 would kick off with the auto sales data. The last trading day of 2017 witnessed a sharp upsurge in the Nifty Auto index.

Axis Bank, the third largest private bank, is looking out for buyers to take controlling stake in GMR Chhattisgarh. Listed entity, GMR Infrastructure holds 47.6 per cent share in GMR Chhattisgarh Energy.