nifty Futures were trading 106 points or 0.67 per cent higher at 15,872 on the Singapore Exchange, indicating that Dalal Street was headed for a positive start on Wednesday. It looked like the market had given a false upside breakout in the previous session as Nifty 50 crossed 15,900 in the early stages and then 16,000 but failed to hold both levels due to profit-booking in the latter part of the session , registered a recession. The candle closed below opening levels on the daily chart. BSE Sensex 100 points down at 53,134 and Nifty 50 fell 25 points to 15,811.
Biocon
Subsidiary Biocon Biologics has received EU GMP certification from the Health Products Regulatory Authority (HPRA), Ireland for its new Monoclonal Antibody (mAbs) drug substance manufacturing facility (B3) at Biocon Park, Bengaluru. This is after the Good Manufacturing Practices (GMP) inspection carried out by the said authority in April 2022.
Tata Consultancy Services
The IT major has been selected by Finnish stainless steel company Outokumpu to transform its IT landscape with an agile and secure cloud-based digital core to reduce its carbon footprint and support its strategic aspirations.
Adani Port and Special Economic Zone
Adani Group’s flagship shipping company will seek shareholders’ approval this month to re-appoint Gautam S Adani as managing director. It will also seek shareholders’ approval for reappointment of Karan Adani as whole-time director for a period of five years with effect from May 24, 2022.
HDFC
The mortgage lender said it has partnered with software firm Salesforce to support the company’s growth priorities. HDFC wanted to build the next generation of integrations, to easily connect backend and frontend systems, including Salesforce.
Tata Steel
The steel major said its consolidated steel production remained stable at 7.66 million tonnes (MT) during the April-June quarter of the current fiscal. The company produced 7.65 MT of steel in the corresponding quarter of the last financial year.
Tejas Network
The company has acquired 60,81,946 equity shares or 62.65 per cent stake in Sankhya at a price of Rs 454.19 per equity share. The transaction cost is Rs 276.24 crore. Post the said acquisition, Sankhya has become a subsidiary of the company.
KPI Green Energy
The company has bagged the largest order for executing a 23.60 MW solar power project from Nouveau Jewelery LLP and 3 MW DC capacity from Nouveau Diamonds Manufacturing. India LLP. The order is under the company’s ‘Captive Power Producer (CPP)’ segment.
Satiya Industries
The company has received orders worth over Rs 105 crore from the National Council of Educational Research and Training (NCERT). The company will supply 11,000 tonnes of Maplitho paper of 80 GSM in sheet and reel for printing of text books.
Transcorp International
Tide, the UK’s leading SME-focused business financial platform, which began setting up operations in India in 2020, has partnered with Transcorp International, an Authorized Dealer Category II and Permanent Prepaid Payment Instrument (PPI) license holder. They will launch a co-branded prepaid card (Tide Expense Card) as an entry product. Tide will provide payment services to small businesses across India, starting with a Tide Business Account, along with a Tide Expense Card.
Equitas Holdings
The company has completed the sale of its entire stake in its subsidiary Equitas Technologies (ETPL). With this, the company complied with the condition stated by RBI as part of its no-objection letter for amalgamation of Equitas Holdings with Equitas Small Finance Bank. As a result, ETPL is no longer a subsidiary of the company.
J Kumar Infraprojects
The company has received Letter of Approval from Brihanmumbai Municipal Corporation for design, construction and commissioning of Priority Sewer Tunnel-Phase I from Don Bosco to New Malad IPS with segment lining method in Mumbai. The cost of the project is Rs 571.01 crore. J Kumar Infraprojects bagged the project in a joint venture with Michigan Engineers with a 60:40 ratio.
marico
India’s trade volume declined in the mid-single digits in Q1FY23, driven by a sharp fall in Saffola Oils, while Parachute Coconut Oil registered a marginal decline. Value added hair oils grew in the low single digits in value terms despite weak consumption sentiment, especially in rural areas. International trade maintained its strong momentum, delivering high-teens constant currency growth. Consolidated revenue for the quarter ended June 2022 was marginally higher on a year-on-year basis.
The views and investment suggestions of experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decision.
read all breaking news, today’s fresh newswatch top videos And live TV Here.