BPM services provider Enser Communications initial public offering (IPO) opened for subscription on March 15. The small and medium enterprise (SME) IPO was subscribed over 3.23 times on the second day of bidding.Enser Communications Limited, established in 2008, specializes in providing Business Process Management (BPM) services to enterprises operating across various sectors, including insurance.

US stocks rallied on Monday, as megacaps lifted Nasdaq higher ahead of the US Federal Reserve’s meeting this week.At 9:34 a.m. ET, the Dow Jones Industrial Average was up 150.05 points, or 0.39%, at 38,864.82, the S&P 500 was up 49.30 points, or 0.96%, at 5,166.39, and the Nasdaq Composite was up 218.65 points, or 1.37%, at 16,191.82. 

Tata Steel on March 18 informed the bourses that its UK unit has decided to cease operations of the coke ovens at the Port Talbot plant in Wales, following a deterioration of operational stability. Tata Steel had previously stated that many of its heavy-end assets in Port Talbot are at their end-of-life capability.

Dilip Buildcon Ltd and Vijay Kumar Mishra Construction Pvt. Ltd (Joint Venture) [DBL-VKMCPL (JV)] has received letter of acceptance (LOA) for the “Construction of Machhrewa Irrigation Project Dam and Pressurized pipe irrigation network on Turn key basis”, order worth Rs. 412.92 crores. This is a turnkey project with the time deadline of 60 months.

SIDBI has recorded over 3.5x returns on some of its early exits, Sivasubramanian Ramann, Chairman of SIDBI, said.“The initial returns from some of the early exits gave us little more than 3.5 times the initial capital that was paid for most of the investments," Ramann said during a session at the Startup Mahakumbh in Delhi.

When fashion, groceries, automobiles, or houses go on sale, most people buy. But when stocks go on sale, most people think of selling, and some actually do sell in panic. Does this make sense?For any fundamentally oriented, value-conscious, long-term investor -- in short, a scientific investor -- if they were a buyer last month, then after a fall, there is all the more reason to buy.

RailTel Corporation of India Ltd has received the work order from MCGM for Supply, Installation, Testing, Commissioning, Operations & Maintenance of HMIS for Health Department of BMC amounting to Rs. 3,51,95,23,654 (Excluding GST). Earlier, they received the work order from OCAC amounting to Rs. 113.46 crore (Including GST) for IP-MPLS Network Connectivity in Odisha under Odisha Net Phase 1.0.

Servotech Power Systems Ltd a prominent player in the EV charging and solar industry, has secured a substantial contract from the Nashik Municipal Corporation (NMC). This contract involves Servotech supplying, commissioning, and constructing 20 electric vehicle (EV) charging stations throughout the Nashik Municipal Corporation area.

Ircon International Ltd. has secured a contract worth Rs. 630.66 crore from the NHIDCL for constructing a bypass tunnel in Mizoram. This domestic project involves building a 2.5 km twin-tube tunnel with 2.1 km of approach roads on the Sairang-Phaibawk section of NH-6 using the EPC mode. The project is expected to be completed within 36 months and will improve traffic flow by bypassing Aizawl city.

Man Infraconstruction Limited (MICL) is an integrated EPC (engineering, procurement & construction) company with experience and execution capabilities in port, residential, commercial & industrial and road construction segments. The company has a market cap of over Rs 7,000 crore and as of December 31, 2023, the company's order book stands at Rs 1,047 crore.

NTPC Limited has announced the commercial operation of Unit #2 at the North Karanpura Super Thermal Power Project. This 660 MW unit began commercial operations at midnight on March 20th, 2024. With this addition, NTPC's standalone commercial capacity increases to 59,298 MW, and their group commercial capacity reaches 75,418 MW.

The newly appointed board of debt-ridden IL&FS has moved an urgent application before the appellate tribunal NCLAT to restrain 11 public sector lenders from initiating proceedings to declare its group companies as "wilful defaulters". In its petition, IL&FS said it is aggrieved by the "blatant violation and disregard" of previous NCLAT orders by the banks.

📌Aarey Drugs & Pharmaceuticals was witnessed in the counter as the scrip zoomed and got locked at 5% upper circuit. 📌Aban Offshore experienced significant buying activity, resulting in the stock surging and getting locked at 5% upper circuit. 📌Ace Integrated Solutions breakout was seen at the counter today as the stock rallied and got locked at 5% upper circuit.

Wall Street's main indexes opened higher on Monday, with a rally in megacap growth stocks and chipmakers supporting a sharp recovery in the tech-laden Nasdaq ahead of the U.S. Federal Reserve's meeting this week. The Dow Jones Industrial Average rose 112.16 points, or 0.29%, at the open to 38,826.93. The S&P 500 opened higher by 37.68 points, or 0.74%, at 5,154.77.

💰Tata Steel's stock witnessed a bullish day with highs reaching Rs 150.25 and lows at Rs 142.2. Closing at Rs 148.8, a notable increase from the previous close. 💰Reliance Infrastructure exhibited strong bullish momentum, reaching highs of Rs 263.95 and lows of Rs 236.35. 💰 Navkar Corporation saw bullish activity, hitting highs of Rs 105.2 and lows of Rs 88.7, closing at Rs 105.2.