The Indian equity indices opened lower on Monday. The NSE Nifty 50 fell 75.00 points or 0.43% to start the week at 17,390.80 levels while the BSE Sensex tanked 312.52 points or 0.53% to trade at 59,151.41. As the markets keep declining, here are 2 Chemical stocks trading at 52 week-low on Monday: Alkyl Amines [...]
Automotive component manufacturer Divgi TorqTransfer Systems on Monday said it has fixed a price band of Rs 560-590 a share for its Rs 412-crore initial public offering (IPO). The initial share-sale will be open for public subscription during March 1-3. The bidding for anchor investors will open on February 28. The IPO comprises fresh issue [...]
Friday marked one month of the Hindenburg report that led to a massive wipe-out of more than ₹ 12 lakh crores in the market capitalization of the Adani Group. Following the report, the Adani Group lost its alpha seat on the Indian stock exchanges as many of its shares hit back-to-back lower circuits. Hindenburg Research [...]
The Essar group on Monday announced a USD 3.6 billion investment in low carbon energy transition projects in the UK and India including the production of green hydrogen and ammonia over the next five years, as it looks at a new phase of growth. Essar Group, invested in energy, metals and mining, infrastructure and technology [...]
IT company Tech Mahindra expects to soon hit USD 7 billion revenue run rate for current fiscal year, out of which the telecom vertical is estimated to contribute USD 3 billion, a top official of the company said on Monday. Tech Mahindra Managing Director and Chief Executive Officer CP Gurnani told PTI that the company [...]
Electric Bus manufacturer Olectra Greentech’s shares appreciated to the tune of 35% from ₹ 406.30 to 551.70 apiece in the past two days, as the company unveiled a hydrogen bus in partnership with Reliance Industries. This bus is a carbon-free alternative to traditional public transportation. The company’s shares were trading at ₹ 528.45 apiece, up [...]
Axis Bank Limited, the fourth-largest private bank in India in terms of market capitalization, informed the exchanges that the deal to acquire Citibank India’s consumer business and NBFC (non-banking financial company) business of Citicorp is expected to be completed by March 1st, 2023. As per the deal, the customers, employees, and assets of Citibank will [...]
Drug firm Venus Remedies on Monday said it has received good manufacturing practices (GMF) certification from the Saudi drug regulator for its production facilities at Baddi, Himachal Pradesh. The Saudi Food and Drug Authority (SFDA) granted the certification which includes first-time approval for pre-filled enoxaparin syringes and general injection facilities, the company said in a [...]
Dr Reddy's Laboratories Ltd on Monday said its subsidiary entered into a definitive agreement to acquire the US generic prescription product portfolio of Australia-based Mayne Pharma Group Limited for USD 105 million. A press release form Dr Reddy's said the portfolio includes approximately 45 commercial products, four pipeline products and 40 approved non-marketed products, including [...]
Uttar Pradesh government has signed a Memorandum of Association (MoA) of over Rs 5,000 crore with Tata Technologies to upgrade 150 ITIs in the state, an official statement said on Sunday. Uttar Pradesh Chief Minister Yogi Adityanath said UP's Skill Development department is ushering in a new era where the youth will not only be [...]
