In equity markets, benchmarks retreated from record highs and ended the three-day winning streak on Friday, September 17, 2021. The S&P BSE Sensex Index lost 125.27 points or 0 , 21% to close at 59,015.89 while the Nifty 50 index fell 44.35 points or 0.25% to 17,585.15. But some stocks made the news after the market closed. These values ââmay impact the indices when it reopens on Monday, September 20, 2021. List of these five values:
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Aviation + Tourism
Aviation Stocks: Stocks like InterGlobe and SpiceJet will be the focus of attention today, as the Ministry of Civil Aviation has cleared airlines to operate flights at 85% capacity. The ministry amended its previous order on August 12, 2021, stating that passenger capacity increased from 72.5% to 85%. Earlier on September 3, 2021, Zee Business exclusively reported the update. The tariff band will be applicable for 15 days only. Airlines are not required to stick to the fare band for the remaining 15 days of the month. In addition, stocks like InterGlobe, Spicejet, Tejas Aviation and Global Vectra will also be the focus of attention as the IGST will not be levied on the import of leased aircraft.
Stocks Hotel + Easy Trip + Thomas Cook + IRCTC + Airlines: Prime Minister Narendra Modi said special attention is being paid to states with tourist destinations in the country and efforts are being made to prioritize tourist destinations in his vaccination efforts. He said it was important for our tourist destinations to open up and for the government to focus on getting tourist destinations in place in the pre-COVID situation. International tourism will be promoted in the country. The government pays special attention to vaccination in destinations like Goa, Himachal Pradesh, Kerala, Andaman and the North East. The central government has also recently taken several measures to encourage foreign tourists. The first dose was given to 100% of eligible people in Goa and Himachal Pradesh. The rate of vaccination has also increased in the northeast, particularly in Kerala and Tripura.
Delta Corp + Nazara Technologies
Delta Corp: The government of Goa has authorized the reopening of state casinos. All casinos operated by the Company and its subsidiaries in Goa will resume operations as of September 20, 2021. With the opening of casinos in Goa, all casinos operated by the Company and its subsidiaries (in Goa, Sikkim and Nepal) and The Deltin, the hotel in Daman operated by the Company’s subsidiary, will be operational.
Nazara Technologies: NODWIN Gaming, a major subsidiary of Nazara Technologies Limited, acquired the adjacent Gaming and IP business of OML Entertainment for Rs 73 crore. This transaction allows NODWIN Gaming to massify gaming and esports by exploiting emerging synergies in gaming entertainment that a 14 to 30 year old is looking for. This allows the company to create IP addresses that are relevant to fans and more brand-centric.
Zomato + Info Edge: The GST council has decided to levy 5% GST on food delivery platforms such as Swiggy and Zomato. Apps will be responsible for collecting GST from restaurants where they pick up orders from January 1, 2021. The cloud kitchen has been considered a restaurant and will also be charged 5% GST. Furthermore, Zomato Limited, in its clarification of a news article – Zomato co-founder Gaurav Gupta resigns two months after the IPO – said Mr. Gupta was not named as key management personnel in under the Companies Act 2013. He was neither a promoter nor an owner of equity in the company. His exit from the Company does not justify any disclosure
Lupine + Cadila Health:
Lupine: The US FDA has completed an inspection at our plant in Goa, India. The inspection took place from September 6, 2021 to September 18, 2021 and ended with seven observations. The company states that it is confident that it will respond to comments satisfactorily and is committed to adhering to good manufacturing practice standards at all of its facilities.
Cadila Health: Zydus Cadila Receives Final USFDA Approval for Vortioxetine Tablets in Strengths of 5 mg, 10 mg, 20 mg (US RLD: Trintellix Tablets). Vortioxetine is used to treat depression.
Asian energy services: The company’s board of directors has approved an investment in VAAN Electric Moto Private Limited, India, as a strategic investment in the emerging electric mobility sector. The company will acquire a significant minority stake in VAAN with a seat on the board of directors and has the potential to increase its stake to a strategic level of 26% in the future. In addition, the company will also explore entry into the sector of infrastructure development related to electric vehicle charging, operation and maintenance, electronic waste management and recycling, etc. with VAAN. The company intends to be a major partner in this sector of activity. VAAN is a new premium lifestyle electric mobility company engaged in the design, assembly and marketing of electric bicycles, electric mopeds, electric scooters, etc.