Indian equity benchmarks made a smart recovery in a volatile session on March 22 led by gains in auto, bank, IT and oil and gas stocks. At the time of closing, the Sensex was up 696.81 points or 1.22 per cent at 57,989.30 and the Nifty was up 197.90 points or 1.16 per cent at 17,315.50. After a negative start, the benchmark indices remained under pressure in the first half, but moved closer to the day’s highs in the second half. Among sectors, Nifty Auto, Bank, Energy and IT indices rose 1-2 per cent, while the FMCG index declined 0.7 per cent.
Tata Motors
Share price of Tata Motors rose nearly 3 per cent on March 22 after the automaker announced a hike in the price of its commercial vehicles from April 1. 1 April 2022, depending on the individual model and variant,” India’s largest commercial vehicle maker said in an exchange filing on March 22.
Paytm
The Bombay Stock Exchange (BSE) on March 22 said it has sought clarification from One 97 Communications Ltd, the parent company of payments solutions company Paytm, on the sharp fall in its share prices. “The Exchange has sought clarification from One97 Communications Limited on March 22, 2022 with regard to significant price fluctuations, to ensure that investors have the latest relevant information about the Company and to inform the market. in order to protect the interests of investors. ,” said BSE, “reply is awaited”.
Adani Power
Adani Power Limited (APL) has entered into an agreement with Japanese companies- IHI Corporation and Kowa Company Limited (KOVA) to collaborate on environmentally sustainable power generation, billionaire Gautam Adani-led company said on March 22 . The companies will study the feasibility of ammonia co-fired units helping Adani Power’s coal-fired units to decarbonise. The company aims to achieve the modification target of 20 per cent liquid ammonia in co-firing and increase it to 100 per cent mono-firing at the Adani Power Mundra coal fired power plant.
Bhansali Engineering Polymers
The company has received consent from MP Pollution Control Board for expansion of high rubber graft – HRG (Rubber Rich Acrylonitrile Butadiene Styrene) from 15000 TPA to 50000 TPA for Satnoor Plant at Chhindwara, Madhya Pradesh.
Adani Port and Special Economic Zone
Its cargo volume increased to 300 million metric tons. The largest transport utility is certainly set to achieve 500 MMT by 2025.
Kirloskar Pneumatic Company
The company has converted about 5.58 lakh square meters of government grant land into freehold land at Eklahare, Nashik Road, Maharashtra at a cost of approx. Rs.58 crores as per the order of Nashik Collector to meet its future development requirements.
Brigade Enterprises
The South based real estate company has forayed into the plotted development space with a 66-acre residential project at Devanahalli, Bangalore. The project is a strategic joint development that will offer sizes of plots ranging from 1,200 sq ft to 2,400 sq ft.
RailTel Corporation of India
The company has received work order from Rail Vikas Nigam (RVNL) for setting up RailTel’s MPLS-VPN services for 5 years. The work order is worth Rs 11.57 crore.
Infosys
The country’s second largest IT services company will acquire Asymmetry, a Germany-based digital marketing, experience and commerce agency. Odity will become part of Infosys’ company Wongdoody, and will join its network of studios in Seattle, Los Angeles, New York, Providence, Houston and London, and design hubs in five cities in India.
Tata Consultancy Services
The company’s buyback issue will close on March 23. It was opened on 9 March. The company had planned to buy back 4 crore equity shares from eligible shareholders.
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