Sat, Sep 7, 2024 1:24 PM
Tata Power awards contracts worth ₹11,481 crore to local suppliers
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Five companies including Afcons Infrastructure, Godavari Biorefineries, and Shivalik Engineering have received approval from SEBI to go ahead with IPO plans. Shapoorji Pallonji group’s flagship infrastructure engineering and construction company, Afcons Infrastructure, has received observation letter from the regulator on September 13, to mobilise Rs 7,000 crore through public issue.
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Rice stocks were in heavy demand on Monday, with Kohinoor Foods surging 20 per cent, after the government said the USD 950 per tonne minimum export price (MEP) on basmati rice has been removed. At close of trade, shares of Kohinoor Foods surged 20 per cent, LT Foods jumped 6.70 per cent, KRBL climbed 5.87 per cent and Chaman Lal Setia Exports went up 1 per cent on the BSE.
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The S&P 500 and the Nasdaq opened lower on Monday, as caution set in on Wall Street ahead of the Federal Reserve's pivotal monetary policy decision, due later in the week, with a majority of traders pricing in a steep cut in borrowing costs. The Dow Jones Industrial Average rose 41.4 points, or 0.10%, at the open to 41,435.17. The S&P 500 fell 10.8 points, or 0.19%, at the open to 5,615.21.
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