Tuesday , 25 June 2019
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BUSINESS

Asian Granito India Ltd inaugurates its Largest – 25,000 sq feet tiles and Sanitaryware display showroom in Himmatnagar

Showcasing the company’s production and technological excellence at one place, Asian Granito India Ltd – one of India’s leading tiles companies has launched its largest display showroom unveiling the wide range of tiles and Sanitaryware at Himmatnagar, Gujarat. The 25,000 square feet showroom will have the exclusive and elegant range of products including, ceramic floor, digital wall, vitrified, parking, porcelain, ... Read More »

SAIL surges on the bourses

SAIL is currently trading at Rs. 49.85, up by 0.65 points or 1.32% from its previous closing of Rs. 49.15 on the BSE. The scrip opened at Rs. 48.75 and has touched a high and low of Rs. 49.85 and Rs. 48.45 respectively. So far 314899 shares were traded on the counter. The BSE group ‘A’ stock of face value ... Read More »

Emami trades higher on the BSE

Emami is currently trading at Rs. 283.70, up by 14.10 points or 5.27% from its previous closing of Rs. 267.30 on the BSE. The scrip opened at Rs. 272.00 and has touched a high and low of Rs. 283.25 and Rs. 271.75 respectively. So far 180074 shares were traded on the counter. The BSE group ‘A’ stock of face value ... Read More »

Sunteck Realty soars on raising Rs 35 crore via CP

Sunteck Realty is currently trading at Rs. 426.15, up by 6.75 points or 1.61% from its previous closing of Rs. 419.40 on the BSE. The scrip opened at Rs. 420.00 and has touched a high and low of Rs. 430.55 and Rs. 413.85 respectively. So far 19372 shares were traded on the counter. The BSE group ‘A’ stock of face ... Read More »

Torrent Pharmaceuticals soars on the bourses

Torrent Pharmaceuticals is currently trading at Rs. 1547.35, up by 34.80 points or 2.30% from its previous closing of Rs. 1511.45 on the BSE. The scrip opened at Rs. 1507.15 and has touched a high and low of Rs. 1552.45 and Rs. 1504.25 respectively. So far 5510 shares were traded on the counter. The BSE group ‘A’ stock of face ... Read More »

Mahindra Lifespace Developers trades in green on the BSE

Mumbai : Mahindra Lifespace Developers is currently trading at Rs. 414.00, up by 2.55 points or 0.62% from its previous closing of Rs. 411.45 on the BSE. The scrip opened at Rs. 407.65 and has touched a high and low of Rs. 414.00 and Rs. 403.65 respectively. So far 108 shares were traded on the counter. The BSE group ‘A’ ... Read More »

Bharti Airtel gains despite losing 32.89 lakh subscribers in April

Mumbai : Bharti Airtel is currently trading at Rs. 346.30, up by 1.50 points or 0.44% from its previous closing of Rs. 344.80 on the BSE. The scrip opened at Rs. 344.80 and has touched a high and low of Rs. 348.50 and Rs. 344.55 respectively. So far 26718 shares were traded on the counter. The BSE group ‘A’ stock ... Read More »

Axis Bank gains on the BSE

Axis bank is currently trading at Rs 764.45, up by 2.35 points or 0.31 % from its previous closing of Rs. 762.85 on the BSE. The scrip opened at Rs. 763.00 and has touched a high and low of Rs. 766.90 and Rs. 757.00 respectively. So far 44694 shares were traded on the counter. The BSE group ‘A’ stock of ... Read More »

MTNL trades higher on the bourses

Mahanagar Telephone Nigam (MTNL) is currently trading at Rs. 7.86, up by 0.11 points or 1.43% from its previous closing of Rs. 7.71 on the BSE. The scrip opened at Rs. 7.90 and has touched a high and low of Rs. 7.92 and Rs. 7.65 respectively. So far 40994 shares were traded on the counter. The BSE group ‘B’ stock ... Read More »

IFCI soars on getting nod to sell its 2.44% stake in NSE

Mumbai : IFCI is currently trading at Rs. 8.20, up by 0.23 points or 2.89% from its previous closing of Rs. 7.97 on the BSE. The scrip opened at Rs. 8.25 and has touched a high and low of Rs. 8.27 and Rs. 8.05 respectively. So far 63786 shares were traded on the counter. The BSE group ‘A’ stock of ... Read More »

Andhra Bank to raise Rs 2,000 crore equity capital in FY20

Andhra Bank has received approval to raise the equity capital amounting to Rs 2,000 crore (including premium) by way of Qualified Institutional Placement (QIP) / Follow-on Public Offer (FPO) / Sale of non-core assets / Preferential Allotment / any other approved means during FY 2019-20. The Board of Directors of the Bank at its meeting held on June 24, 2019 ... Read More »

TCS increasing holding in TCS Japan

Mumbai : Tata Consultancy Services (TCS) is increasing its holding in TCS Japan, its joint venture with Mitsubishi Corporation (MC), one of Japan’s largest integrated business enterprises. Following the stake hike, TCS will hold 55% equity in TCS Japan – up from 51%, when the joint venture was established in July 2014 – and MC will hold 34%. The increased ... Read More »

L&T to sell 0.19% stake in L&T Technology Services

Larsen & Toubro (L&T) will sale up to 2 lakh equity shares representing 0.19% of the total paid up equity share capital of L&T Technology Services of face value of Rs 2 each on June 25, 2019 (for non-Retail Investors only) and on June 26, 2019 (for Retail Investors and for Non-Retail Investors who choose to carry forward their un-allotted ... Read More »

BNP Paribas Cardif to offload 2.5% stake in SBI Life Insurance

SBI Life Insurance’s foreign partner — BNP Paribas Cardif will sell up to 2.5 crore shares, representing 2.5 per cent stake in the company, for at least Rs 1,625 crore through offer for sale (OFS) mechanism. For two-day OFS, the floor price has been fixed at Rs 650 per share. BNP Paribas held 7.7 crore shares, representing 7.7 per cent ... Read More »

Ministry of Petroleum & Natural Gas : National Policy on Bio-Fuel

The National Policy on Biofuels-2018 notified on 8.6.2018, inter-alia, allows production of ethanol from damaged food grains like wheat, broken rice etc. which are unfit for human consumption. The policy also allows conversion of surplus quantities of food grains to ethanol, based on the approval of National Biofuel Coordination Committee. Use of damaged foodgrains and surplus foodgrains for production of ethanol will ... Read More »

Bharatmala Project

The Bharatmala Pariyojna Phase-I was approved at an estimated outlay of Rs. 5,35,000 Crore. A total of 24,800 kms length of National Highways have been considered in Phase-I as well as 10,000 km residual road works under NHDP. Under this program, the Ministry of Road Transport and Highways has identified stretches for development of about 9,000 km length of Economic ... Read More »

Government proposes to integrate a FASTag Bank Mechanism

The Government proposes to integrate a FASTag Bank Mechanism with e-way bill and Logistic Data Services to track movement of goods and check GST evasion. The Government is contemplating integration of E-Way Bill mechanism of GST with FASTag System of National Highway Authority of India (NHAI). The aspect of Logistic Databank integration with FASTag System is being examined. A Committee ... Read More »

Reserve Bank of India (RBI) has issued Guidelines for New Banking Licenses

Reserve Bank of India (RBI) has issued Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector, dated August 1, 2016 for granting licenses for universal banks on a continuous basis. RBI’s Second Bi-Monthly Monetary Policy, 2019-20 dated June 6, 2019, has announced RBI’s intention to issue Draft Guidelines for ‘on tap’ Licensing of Small Finance Banks by ... Read More »

LPG Portability Options

Portability option for transfer of LPG connection was launched across the country in 2013.  Subsequently, the process of online transfer of connection within same market was made fully automatic for the transfers within the same Oil Marketing Company (OMC). Through this initiative, the consumer is empowered to choose his/her destination distributor online from his registered login without the intervention of ... Read More »

India Ratings downgrades Reliance Infrastructure’s long-term issuer rating

Ratings agency India Ratings has downgraded Reliance Infrastructure’s (RInfra) long-term issuer rating to ‘D – Issuer Not Cooperating’. The downgrade comes after the company’s auditors raised red flags over its financial results as well as significant doubt over the group’s ability to continue as a going concern. RInfra is one of the largest infrastructure companies, developing projects through various Special ... Read More »

Omkar Speciality to foray into CRAMS business

Omkar Speciality Chemicals has decided to foray into Contract Research and Manufacturing Services (CRAMS) business in order to move up the value chain in the growing pharma industry with the help of its strong operational efficiencies backed by robust R&D focused initiatives and multiproduct delivery capabilities. The key growth drivers for company in the CRAMS segment are strong order pipeline ... Read More »

Eros International Media’s Eros Now leads all major OTT Platforms in new market research

Counterpoint Technology Market Research’s new market research showed that Eros International Plc’s over-the-top (OTT) South Asian entertainment platform — Eros Now has the largest share (59%) of users in the 25-39 age bracket in Tier II/III cities, the highest among all major OTT platforms. Eros International Plc is a parent company of Eros International Media. According to the research, Eros ... Read More »

Intellect Design Arena to implement Quantum Central Banking Solution for Bank of Mongolia

Mumbai : Intellect Design Arena will implement its award-winning Quantum Central Banking Solution for the Bank of Mongolia, the Central Bank of Mongolia. The solution is well poised to accelerate the Bank of Mongolia’s digital transformation initiatives under the Payment System Modernization project funded by Asian Development Bank (ADB). Intellect’s Central Banking Solution is the world’s most comprehensive & robust ... Read More »

Tower Research Capital Markets buys 14.59 lakh shares in RInfra

Tower Research Capital Markets India has bought 14.59 lakh shares in Reliance Infrastructure (RInfra) at Rs 57.18 per share on the BSE on June 21, 2019. However, Tower Research Capital Markets has also offloaded 14.59 lakh shares in the company at Rs 57.27 per share on same day. RInfra is one of the largest infrastructure companies, developing projects through various ... Read More »

Tata Communications bags seven awards at Frost & Sullivan’s 2019 India ICT Awards

Tata Communications has received top honors at Frost & Sullivan’s 2019 India ICT Awards, with four awards in the Enterprise Telecom Services category, one award in the Emerging Services category and two awards in the Enterprise Infrastructure category. The majority of awards won by the company this year are service provider awards, making them a coveted service provider for customers. ... Read More »

ITC’s snacks brand releases ‘Come on India, Dikhado!’ song

ITC’s snacks brand — Bingo has released ‘Come on India, Dikhado!’ song, using the iconic cheer from the classic cricket anthem from the late 90’s. ‘Come on India!’ cheer, which resonated with the sporting spirit of each Indian of that era, has been used in the latest anthem by Bingo! to pack a punch of excitement among the modern day ... Read More »

Radiant Life Care completes acquisition of 49.7% stake in Max India’s JV

Radiant Life Care, a leading Indian hospital management company promoted by Abhay Soi and backed by KKR, has completed the acquisition of 49.7% stake in Max Healthcare Institute, a joint venture between Max India and Life Healthcare, from South Africa-based hospital operator Life Healthcare. Abhay Soi will now lead Max Healthcare as Chairman of its Board and Executive Council. As ... Read More »

USFDA completes inspection at Neuland Laboratories’ Hyderabad facility

The United States Food and Drug Administration (USFDA) has completed inspection Neuland Laboratories’ Unit 1 manufacturing facility at Bonthapally, Hyderabad. The inspection was conducted from June 17 to 21, 2019. The inspection has been completed with five observations given under form 483. The company has already initiated corrective and preventive actions for the observations and is confident of satisfying the ... Read More »

United Van Der Horst planning to raise funds via preferential issue

United Van Der Horst is planning to raise funds by issuance of equity shares through preferential issue and price determination. The Board of Directors of the Company at its meeting to be held on June 29, 2019 to consider the same. United Van Der Horst is involved in the area of Marine, Oilfield & Industrial Equipment and Components restandardsizing. The ... Read More »

Network 18 to sell stake HSN Cyprus

Mumbai : Network18 Media & Investments has entered into a term sheet to sell its shareholding in NW18 HSN Holdings Plc. (HSN Cyprus). Pursuant to this, HSN Cyprus would cease to be an associate of the Company. Further, Network18 has sold 13,20,481 shares in Television Home Shopping Network (formerly known as TV18 Home Shopping Network). Network 18 Media & Investments ... Read More »

Hindujas to pump another Rs 2,700 crore into IndusInd Bank through warrants

Mumbai : The Hindujas will pump another Rs 2,700 crore into IndusInd Bank through a warrant issue to ramp up the promoter holding after the merger of Bharat Financial. The merger between the bank and the Bharat Financial, which will be effective July 4, is accretive from a profit, margin and return on equity perspective. Merger of Bharat Financial into ... Read More »

Sobha advances on the BSE

Mumbai : Sobha is currently trading at Rs. 525.50, up by 5.70 points or 1.10% from its previous closing of Rs. 520.30 on the BSE. The scrip opened at Rs. 520.30 and has touched a high and low of Rs. 529.75 and Rs. 516.15 respectively. So far 10907 shares were traded on the counter. The BSE group ‘A’ stock of ... Read More »

InterGlobe Aviation rises on the bourses

Mumbai : InterGlobe Aviation is currently trading at Rs. 1566.50, up by 14.55 points or 0.94% from its previous closing of Rs. 1551.75 on the BSE. The scrip opened at Rs. 1550.00 and has touched a high and low of Rs. 1573.25 and Rs. 1544.40 respectively. So far 12112 shares were traded on the counter. The BSE group ‘A’ stock ... Read More »

Max India trades higher on the BSE

Mumbai : Max India is currently trading at Rs. 66.20, up by 1.65 points or 2.56% from its previous closing of Rs. 64.55 on the BSE. The scrip opened at Rs. 65.80 and has touched a high and low of Rs. 66.60 and Rs. 65.00 respectively. So far 3597 shares were traded on the counter. The BSE group ‘A’ stock ... Read More »

Glaxosmithkline Pharmaceuticals rises on the BSE

Mumbai : Glaxosmithkline Pharmaceuticals is currently trading at Rs. 1232.00, up by 2.15 points or 0.17% from its previous closing of Rs. 1229.85 on the BSE. The scrip opened at Rs. 1229.85 and has touched a high and low of Rs. 1238.90 and Rs. 1225.20 respectively. The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 ... Read More »

HDFC Bank trades in green on the bourses

Mumbai : HDFC Bank is currently trading at Rs. 2426.90, up by 11.55 points or 0.48% from its previous closing of Rs. 2415.35 on the BSE. The scrip opened at Rs. 2408.00 and has touched a high and low of Rs. 2430.00 and Rs. 2408.00 respectively. So far 110639 shares were traded on the counter. The BSE group ‘A’ stock ... Read More »

BHEL bags Rs 840 crore Emission Control equipment order

Mumbai : Bharat Heavy Electricals (BHEL) has won an order for emission control equipment from Nabinagar Power Generating Company (NPGCL) – a subsidiary of NTPC. Valued at about Rs 840 crore, the order involves supply and installation of Flue Gas Desulphurization (FGD) system for control of SOx emissions at the 3×660 MW Nabinagar project of NPGCL in Aurangabad district of ... Read More »

MBL Infrastructures receives completion certificate for project in Madhya Pradesh

MBL Infrastructures has received completion certificate for project of Construction of 96 flats (Basement + Ground + 12 storey), Bhopal in the state of Madhya Pradesh for M P Hosing & Infrastructure Development Board. MBL Infrastructures is engaged in the construction and maintenance of roads and highways, industrial infrastructure projects and other civil engineering projects for various government bodies and ... Read More »

Dr. Reddy’s Lab launches Phytonadione Injectable Emulsion in US

Mumbai : Dr. Reddy’s Laboratories has launched Phytonadione Injectable Emulsion USP, 10 mg/ml Single-Dose Ampules, a therapeutic equivalent generic version of Vitamin K1 (Phytonadione) Injectable Emulsion USP, 10 mg/ml, approved by the US Food and Drug Administration (USFDA). The Vitamin K1 (Phytonadione) for Injectable Emulsion USP, 10 mg/ml brand and generic had combined US sales of approximately $46.6 million MAT ... Read More »

L&T gains on wining power project order in Bihar

Mumbai : Larsen & Toubro (L&T) is currently trading at Rs. 1555.30, up by 15.30 points or 0.99 % from its previous closing of Rs. 1540.00 on the BSE. The scrip opened at Rs. 1542.50 and has touched a high and low of Rs. 1561.45 and Rs. 1542.50 respectively. So far 9338 shares were traded on the counter. The BSE ... Read More »

BHEL surges on bagging Rs 840 crore Emission Control equipment order

Bharat Heavy Electricals (BHEL) is currently trading at Rs. 72.15, up by 0.85 points or 1.19 % from its previous closing of Rs. 71.30 on the BSE. The scrip opened at Rs. 72.50 and has touched a high and low of Rs. 72.95 and Rs. 72.10 respectively. So far 128417 shares were traded on the counter. The BSE group ‘A’ stock ... Read More »