Shares of Polycab India rose nearly 2% in early trading on August 23. The electrical equipment maker has sent a letter of comfort to HDFC Bank regarding its loan facility upgrade from Rs 52 crore to Rs 89.97 crore for its subsidiary Tirupati Reels. The subsidiary will use working capital and capital expenditure to meet …
Polycab India clears way for extended borrowing by subsidiary; stock jumps 2% Read More »
TVS Supply Chain Solutions made its lackluster debut on the stock exchange on August 23, with a 5% premium to its issue price of Rs 197. Shares are listed at Rs 206.30 on BSE and Rs 207.05 on NSE. Prior to listing, TVS Supply Chain Solutions enjoyed a gray market premium (GMP) of just Rs …
TVS Supply Chain Solutions makes a muted debut at Rs 207 Read More »
The U.S. Department of Justice, Division of Antitrust (DOJ) has postponed prosecution agreements resolving criminal antitrust charges against Teva Pharmaceuticals USA, Inc. and Glenmark Pharmaceuticals Inc., USA. On that note, Glenmark Pharmaceuticals has reached an agreement with the DOJ to resolve all legal proceedings related to former employees’ past valuations related to the generic drug …
Glenmark fined $30 million by DOJ to resolve drug price-fixing charges Read More »
Tata Power’s share price jumped nearly 1% in early trading August 21 after its subsidiary Tata Power Renewable Energy Limited (TPREL) signed a power purchase agreement (PPA) for a 9 solar power plant. MWp on site with Tata Motors Limited Pantnagar factory in Uttarakhand. . The solar plant will be the largest on-campus solar plant …
Tata Power gains on collaboration for 9 MWp solar project in Uttarakhand Read More »
Tanla Platforms’ share price fell more than 3% in first trading on August 21 when the company decided not to pursue the deal with Vodafone Idea. The company signed a term sheet with Vodafone Idea to provide platform and firewall services for international A2P services in November 2021, effective for a period of 2 years. …
Tanla Platforms falls 3% after company ends pact with Vodafone Read More »
KEC International’s share price jumped 8% in early trades on August 21 after the company placed orders worth Rs 1,007 crore in various business sectors. At 9:36 am, the stock was trading at Rs 655.50, up almost 5% from the previous closing price, on the BSE. The company’s civil operations won an order to design, …
KEC International rises 8% on bagging orders worth Rs 1,007 crore Read More »
KR Choksey Research Report on Minda . Group Minda Corporation Ltd’s consolidated revenue in Q1FY24 amounted to INR 10,745 million, up 5.9% year-on-year from INR 10,145 million and on a sequential basis it remained moderate from INR 10,746 million. EBITDA for the quarter was INR 1,147 million, up 3.5% on an annual basis from INR …
Buy Minda Corporation; target of Rs 351: KR Choksey Read More »
Yatharth Hospital grew about 8% on August 18, a day after reporting bumper profits for the first quarter of fiscal 2024. The newly listed Delhi-NCR-based Yatharth Hospital and Trauma Center released results for the quarter ended June 2023 on Aug. 18. Sequential growth of 10% from Q4FY23. Operating revenue for the quarter ended June 2023 …
Strong Q1: Yatharth surges 8% on higher ARPO, improved investment strategy Read More »
National indexes fell for a fourth straight week on August 18 amid growing concerns about food inflation and weak global signals, particularly from US markets. Analysts point out that rising US bond yields continue to wreak havoc in global currency markets, fueling a sell-off in equity markets. The relatively weak macroeconomic scenario – domestic inflation …
Mid-day Mood | Nifty slides below 19,300 on food inflation worries, weak global cues Read More »
India’s 10-year government bond yields jumped at the start of trading on August 17 after a sharp rise in retail inflation raised the possibility that policymakers would struggle to cut early interest rate cuts. Bond yields hit 7.25%, up 0.58% as traders sold government bonds – the highest level since April 6. The benchmark 10-year …
10-year bond yields hits 7.25% as 7.44% inflation blocks way to cut policy rates Read More »
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