HDFC AMC announces Change in Responsibilities and Fund Managers

HDFC Asset Management Company (AMC) has announced Addendum to the Scheme Information Documents (SID)/ Key Information Memorandum (KIM) of schemes and the Statement of Additional Information (SAI) of HDFC Mutual Fund. hdfc amc slips despite reporting 79 rise in q2 net profit It has informed about the changes in Key Personnel & changes in Responsibilities … Read more

IMF cuts India’s growth rate by 0.8 percentage point to 7.4% for fiscal year 2022

The International Monetary Fund (IMF) in its World Economic Outlook update July 2022 has cut India’s growth rate by 0.8 percentage point to 7.4 per cent for fiscal year 2022, reflecting ‘mainly less favourable external conditions and more rapid policy tightening’. It said that the global economy, which is still reeling from the pandemic and … Read more

ONGC inches up on signing MoU with Greenko ZeroC

Oil & Natural Gas Corporation is currently trading at Rs. 128.80, up by 0.25 points or 0.19% from its previous closing of Rs. 128.55 on the BSE. ongc vedanta set to win nine oil gas blocks each The scrip opened at Rs. 129.00 and has touched a high and low of Rs. 130.15 and Rs. … Read more

Relaxo Footwears reports 25% rise in Q1 net profit

Relaxo Footwears has reported results for first quarter ended June 30, 2022. Relaxo Footwears The company has reported 24.90% rise in its net profit at Rs 38.67 crore for the quarter under review as compared to Rs 30.96 crore for the same quarter in the previous year. Total income of the company increased by 33.62% … Read more

Ultramarine & Pigments’ arm commissions Pigments plant at Andhra Pradesh

Ultramarine & Pigments’ wholly owned Subsidiary–Ultramarine Specialty Chemicals has successfully commissioned the Pigments plant set up at Plot No. 59A, Andhra Pradesh Industrial Infrastructure Corporation (APIIC) Industrial Park, Naidupet, in the state of Andhra Pradesh to manufacture Pigments (1500 MT. capacity). The commercial production of the plant has commenced on July 25, 2022. Ultramarine Pigments … Read more

Strides Pharma Science gets nod to raise Rs 150 crore via NCDs

Strides Pharma Science’s board has approved the offering for subscription, on a private placement basis, up to 1,500 senior, secured, rated, unlisted, redeemable, non-convertible debentures (NCDs) of face value Rs 10 lakh each, aggregating up to Rs 150 crore. The board of directors, at its meeting, held on July 25, 2022 has considered and approved … Read more

Asian Markets trade mostly in red in early deals on Monday

Most of the Asian equity benchmarks traded in red in early deals on Monday, saddled by the worries on ramifications over hawkish monetary policy measures by the Central banks. The US Federal Reserve will conclude its two-day meeting on Wednesday, and is expected to raise interest rate by 75-basis-point (bp). Asian Markets Meanwhile, participants are … Read more

Tata Consultancy Services, Boots launch new innovate workspace in Nottingham

Tata Consultancy Services (TCS) and Boots have launched new innovate workspace powered by TCS Pace, at the Boots headquarters in Nottingham. The new workspace is aimed at nurturing a start-up culture within the organization, helping Boots to uncover opportunities to leverage emerging technology. Tata Consultancy Services Innovate was designed in collaboration with TCS to be … Read more

HDFC rises on planning to raise up to Rs 11,000 crore

Housing Development Finance Corporation (HDFC) is currently trading at Rs. 2301.10, up by 4.55 points or 0.20 % from its previous closing of Rs. 2296.55 on the BSE. hdfc hdfc bank set to merge The scrip opened at Rs. 2290.00 and has touched a high and low of Rs. 2317.15 and Rs. 2275.25 respectively. So … Read more

Coforge trades higher on the BSE

Coforge is currently trading at Rs. 3789.00, up by 57.35 points or 1.54% from its previous closing of Rs. 3731.65 on the BSE. The scrip opened at Rs. 3673.30 and has touched a high and low of Rs. 3834.00 and Rs. 3673.30 respectively. So far 17636 shares were traded on the counter. Coforge The BSE … Read more

Shish Industries gets nod to incorporate wholly owned subsidiary

Shish Industries has received an approval for the incorporation of wholly owned subsidiary of the company namely ‘Shish Global Solutions’. Shish Industries The incorporation of wholly owned subsidiary will leverage the growth opportunities in the business of home and office decorative and interior designing items, hardware, sanitary, building materials, pipes and fitting and such other … Read more

USFDA completes inspection at facility of Granules India’s arm

The USFDA has completed an inspection of the facility of Granules Pharmaceuticals, Inc., a wholly-owned foreign subsidiary of Granules India located in Chantilly, Virginia, the USA on July 22, 2022 with six observations. Granules Pharmaceuticals, Inc. will respond to these observations within the stipulated time period. Granules India is manufacturer and supplier of pharmaceutical products. … Read more

NITI Aayog and WFP Launch Initiative on Mainstreaming Millets in Asia and Africa

NITI Aayog and the World Food Programme (WFP), India, launched the ‘Mapping and Exchange of Good Practices’ initiative for mainstreaming millets in Asia and Africa on 19 July 2022. NITI Aayog The initiative was launched in the presence of NITI Aayog Vice Chairperson Mr Suman Bery, Member Prof. Ramesh Chand, Senior Adviser Dr Neelam Patel, … Read more

Surya Roshni zooms on obtaining orders of Rs 91.27 crore

Surya Roshni is currently trading at Rs. 385.00, up by 9.40 points or 2.50% from its previous closing of Rs. 375.60 on the BSE. Surya Roshni The scrip opened at Rs. 392.00 and has touched a high and low of Rs. 394.90 and Rs. 384.00 respectively. So far 21118 shares were traded on the counter. … Read more