Does the Thomas Cook Stock Selloff Make Sense?
What’s in a name? A lot, if it’s Thomas Cook. After 178 years of operations, the British tour company, Thomas Cook UK, one of the world’s oldest travel brands, with 19 million annual customers, closed shop on Monday. The company announced that it would be liquidating its assets and filed for bankruptcy, despite attempts to rescue the brand.
 
On Monday, Indian investors beat down...
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  • Nifty, Sensex Pausing for Breath – Tuesday closing report
    We had mentioned in Monday’s closing report that Nifty, Sensex continues to remain bullish. The major indices ended with minor losses. On the NSE, there were 813 advances, 955 declines and 365 unchanged. The trends of the major indices in the course of Tuesday’s trading are given in the table below:
     
     
    Profit booking dragged the Indian equities market lower during the afternoon trade session on Tuesday.
     
    The Indian Railways is mulling the idea of handing over operations of more trains to private players in the coming days on several important routes with improved services and amenities for passengers. The decision comes under the 100-day agenda of the national transporter to hand over operations of the trains to private players on key routes. The railways had earlier clearly said that before engaging private operators to run the trains, the national transporter will consult the trade unions and other stakeholders.
     
    Pennar Industries announced that it is doubling its cold drawn welded (CDW) tubes manufacturing capacity. Pennar Industries is one of the leading suppliers of CDW tubes to India's automotive and construction equipment sectors. Pennar Industries will set up a greenfield plant at Hyderabad for the additional CDW manufacturing capacity. Currently, Pennar Industries has an installed capacity to manufacture 1500 MT per month of CDW tubes.
     
    Aster DM Healthcare is growing its presence in the Karnataka region with the introduction of two new hospitals. For its fourth hospital, to be named as Aster KLE Hospital, the Company has entered into an agreement with KLE Society, which is recognized as a trusted healthcare provider, and runs over 270 institutions across Karnataka and Maharashtra and Delhi. A 25-year lease deed agreement was signed with Karnataka Lingayat Education (KLE) Society.
     
    Biocon announced that its subsidiary, Biocon Biologics, has acquired R&D capital assets for a 60,000 sq. ft state-of-the-art 'bench to pilot scale' biologics research facility from Pfizer Healthcare India Ltd at TICEL Bio Park in Chennai, India. 
     
    The board of ADOR Fontech has allotted 1.75 crore equity shares of Rs.2 each as fully-paid up bonus equity shares, in the ratio of 'one bonus equity share for every one equity share held as on September 21, 2019, being the record date fixed for this purpose.
     
    The top gainers and top losers of the major indices are given in the table below:
     
     
    The closing values of the major Asian indices are given in the table below:
     
     
     
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