smelly Futures contracts traded on the Singapore Exchange indicated a negative opening for domestic equities. The contract was trading at 17,356, down 81.5 points or 0.47% from its previous close.
Tracking the weak global cues, the market ended the week with a sharp cut of over one per cent. Continuing the decline of the previous session, the Nifty index opened gap-down and hovered in a narrow band till the end. Selling pressure was widespread, with losses in banking and financial majors mainly weighing on sentiment. Broader indices also traded in tandem with the trend and lost in the range of 0.7-0.9%,” said Ajit Mishra, VP – Technical Research, Religare Broking.
life insurance corporation
LIC said it has appointed Siddharth Mohanty as interim chairman with effect from March 14. Mangalam Ramasubramaniam Kumar’s tenure as the chairman of LIC of India will end on 13 March.
Paytm
Paytm has clarified that the Silicon Valley bank, whose operations were abruptly shut down due to financial irregularities, has completely exited parent company One97 Communication and has no investments as on date.
Shares of Adani Group, Ambuja Cement
Troubled Adani Group repaid a total debt of $2.65 billion – including margin-linked share-backed financing and $500 million taken for the acquisition of Holcim Group’s Indian assets – ahead of its March 31 commitment deadline. within six weeks, which testifies to strong liquidity management and access to capital at the sponsor level, complementing the solid capital prudence adopted across all portfolio companies,” the group said.
yes bank
The private lender’s locked-in shares from the ‘Yes Bank Limited Reconstruction Scheme’ will be released by the depositories (NSDL and CDSL) at the start of the day without further action from the bank, ending the lock-in period of three years.
IndusInd Bank
Sumant Kathpalia has been reappointed as the Managing Director and CEO of the bank for a period of two years.
Ujjivan Small Finance Bank
The board approved an interim dividend of 50% or Rs 5 per equity share with a face value of Rs 10. The record date for the above interim dividend will be March 20.
Godrej Properties
Godrej Properties has entered into a sale agreement to acquire approximately 28 acres of land in Bengaluru to develop a mixed-use project, comprising apartments and supporting retail development.
Dilip Buildcon
The firm completed the project of four-laning of Sangli-Solapur section of NH-166, receiving the letter of completion from the concerned authorities. The project is estimated to cost Rs 1102.40 crore.
HCL Infosystems
The company’s board invoked the doctrine of frustration with respect to their share purchase agreement with Novazzo. Both the firms entered into a share purchase agreement for sale of HCL Infotech, a wholly owned subsidiary, to Novazzo on February 10, 2021.
Zydus Life
Zydus receives final approval from the USFDA for Olanzapine Oral Disintegrating Tablets USP, 5 mg, 10 mg, 15 mg, and 20 mg. This medication is used to treat certain mental/mood conditions (such as schizophrenia and bipolar disorder).
Godrej Industries
The company approved the issue of rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) of up to one lakh each with an aggregate face value of Rs 1,00,000 each for up to Rs 1,000 crore on private placement basis.
JSW Steel
JSW Steel Coated Products, a subsidiary, entered into a shareholder agreement and a share subscription agreement with Ayana Innovations to acquire 31% equity.
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