Voltas rose 1.61% to Rs 895 after the company's subsidiary Universal MEP Projects & Engineering Services (UMPESL) received multiple SITC project orders worth Rs 1,770 crore in power distribution and solar projects.

Voltas gains after arm bags order worth Rs 1,770 cr

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Jindal Steel & Power Ltd has lost 3.62% over last one month compared to 4.59% fall in S&P BSE Metal index and 5.08% drop in the SENSEX

Jindal Steel & Power Ltd Spurts 2.25%, S&P BSE Metal index Rises 1.46%

Indiamart Intermesh to divest 30% stake in Ten Times Online


The frontline indices were trading with strong gains in early trade on buying demand in index pivotals. Positive global cues boosted investors sentiment. The Nifty traded above the 17,100 level. Realty, metal and IT stocks advanced while media and FMCG stocks declined.


Sensex, Nifty advance on upbeat global cues, breadth strong

Zee Entertainment Enterprises (ZEEL), offering a clarification to a media report, said that it has been exploring several strategies, including settlement, in relation to the ongoing dispute mentioned in the news report.

ZEEL exploring various options to ongoing dispute with IndusInd

Board of Samvardhana Motherson International approves acquisition of 50% stake in Fritzmeier Motherson Cabin Engineering

Jubilant Pharmova today announced that its subsidiary Jubilant HollisterStier, a leading Canada-based pharmaceutical contract manufacturing organization (CMO), has received approval from the Government of Canada to provide, through its Strategic Innovation Fund (SIF) program, a partially repayable loan of CAD 23.8 million to fund the CAD 108 million capacity expansion at the Montreal manufacturing facility. 

Jubilant receives additional funding from Govt. of Canada for expansion of Montreal facility

Jubilant Pharmova advanced 1.44% to Rs 282 after the company said that its subsidiary Jubilant HollisterStier has received additional loan facility from Government of Canada for the expansion of its CMO Montreal facility.

Jubilant Pharmova gains after subsidiary gets additional loan facility from Canadaian Govt

 Va Tech Wabag has secured an order worth about Rs. 800 crore towards Design, Build and Operate (DBO) for Reconstruction, Expansion and Operation of Pagla Sewage Treatment Plant (STP) with a capacity of 200 Million Litres per Day (MLD) at Pagla in the City of Dhaka, Bangladesh for Dhaka Water Supply & Sewerage Authority (Dhaka WASA). The project is funded by Multi-lateral Funding Agencies like World Bank and Asian Infrastructure Investment Bank (AIIB) under Dhaka Sanitation Improvement Project (DSIP). 

Va Tech Wabag wins Rs 800 cr order from Dhaka Water Supply & Sewerage Authority


TCS: Rajesh Gopinathan, Chief Executive Officer and Managing Director of Tata Consultancy Services (TCS) has tendered his resignation, which will be effective from the close of business hours on 15 September 2023. The Board of Directors appointed K. Krithivasan as the Chief Executive Officer Designate, with effective from 16 March 2023. He shall take over as the Chief Executive Officer and Managing Director of the Company in the next financial year.


TCS, Infosys, Dr. Reddy's Lab, Voltas to be watched

Virat Crane Industries reports standalone net loss of Rs 8.77 crore in the December 2022 quarter

Strong opening on the cards on upbeat global cues


The US stock market finished session notably higher after clawing back early weakness on Thursday, 16 March 2023, as risk sentiments underpinned after a consortium of major US private banks announced a $30 billion rescue package for embattled lender First Republic. 


US Stocks recover as banks bolster deposits at First Republic

The project is funded by multi-lateral funding agencies like World Bank and Asian Infrastructure Investment Bank (AIIB) under Dhaka Sanitation Improvement Project (DSIP).

Va Tech Wabag bags Rs 800-cr order in Bangladesh


The Board of Directors has considered his request and accepted the same. Gopinathan will continue with the company till 15 September 2023 to provide transition and support to his successor. 


Rajesh Gopinathan steps down as TCS MD & CEO


The key equity indices ended a volatile session with small gains on Thursday, snapping a five-day losing streak. Trading was volatile due to expiry of weekly index options on the NSE. The Nifty settled above the 16,980 mark after hitting the day's low of 16,850.15 in morning trade. FMCG, media and realty shares were in demand. On the other hand, metals, IT and private banks witnessed selling. 


Indices snap 5-day losing streak; Nifty ends above 16,980; FMCG stocks climb


Long term bank facilities - CARE A+; Stable (revised from CARE A; Positive)


WPIL received revision in credit ratings from CARE

Mold-Tek Packaging to set up dedicated facility for supply of packing material to Grasim's paint division


Long term bank facilities - CARE A-; Stable (revised from CARE BBB+; Stable)


Mangalore Chemicals & Fertilizers receives revision in credit ratings

Board of Rane (Madras) approves change in directorate


The ratings reflect instances of delays in debt servicing in the past along with stretched liquidity as reflected in full utilisation of working capital facilities. Also, the account(s) with certain lender(s) are classified as non-performing (NPA) as on date. The ratings factor in large working capital requirements of the BL Kashyap Group and its susceptibility to cyclicality in the real estate sector.

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