Adani Ports climbs a fresh 52-week high after Dighi allots 10 lakh shares
Tue, Feb 16, 2021 2:45 PM

Adani Ports climbs a fresh 52-week high after Dighi allots 10 lakh shares

Adani Ports SEZ on Tuesday confirmed that Dighi has allotted 10 lakh equity shares of Rs. 10 each for cash at a total consideration of Rs. 1 crore to the company as part of the Resolution Plan. With this, Adani Ports will hold about 100% stake in Dighi. On Sensex, the company has hit a new 52-week high of Rs643.50 per piece in early deals.

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Siti Networks arm Variety sells balance 1,600 shares of Voice Snap
Tue, Feb 16, 2021 2:34 PM

Siti Networks arm Variety sells balance 1,600 shares of Voice Snap

Siti Networks' wholly-owned subsidiary, Variety Entertainment sold remaining 1,600 equity shares held in Voice Snap Services to Rajalakshmi Communications for an aggregate consideration of Rs2.40cr. Earlier on February 05 this year, Siti Networks board of directors nodded stake sale of 6,667 Equity Shares held by Variety Entertainment in Voice Snap.

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Delhi Metro to go contactless by introducing QR based entry systems
Tue, Feb 16, 2021 2:20 PM

Delhi Metro to go contactless by introducing QR based entry systems

Delhi Metro Rail Corporation (DMRC) has decided to install Quick Response (QR) codes by upgradation of Automatic Fare Collection System (AFCS) in an initiative to go contactless. DMRC has invited Expression of Interest (EOI) from private firms for the upgradation work. Currently, the QR code ticketing system is only installed at the Airport Express line for buying tickets.

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Honda CB350 RS unveiled in India at an introductory price of Rs 1.96 lakh
Tue, Feb 16, 2021 2:15 PM

Honda CB350 RS unveiled in India at an introductory price of Rs 1.96 lakh

Honda Motorcycle and Scooter India (HMSI) on February 16 introduced a new model CB350RS at Rs 1.95 lakh (ex-showroom, pan India), on the same platform as CB350 H’ness. Bookings for the bike begin today and deliveries will commence in March. The CB350RS is powered by a 350cc, air-cooled 4-stroke OHC single-cylinder engine, which produces max power of 15.5 kW@5500 rpm.

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RPP Infra Projects bags new orders worth Rs 157.87 crore
Tue, Feb 16, 2021 1:53 PM

RPP Infra Projects bags new orders worth Rs 157.87 crore

RPP Infra Projects won new orders worth Rs 157.87 crore. The company now expects to have an order book of Rs 2,000 crore by the end of FY21, which would result in improved financials of the company. RPP Infra Projects is Construction Company primarily engaged in the business of infrastructure development such as Highways, Roads and Bridges.

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RailTel Corporation Of India Limited IPO Opened Today!
Tue, Feb 16, 2021 1:44 PM

RailTel Corporation Of India Limited IPO Opened Today!

RailTel Corporation is a public sector business unit, incorporated in 2000. It is wholly owned by the GOI and administrated by the ministry of railways. The company is an Information and Communication Technology (ICT) infrastructure provider and was established with the key objective to modernize telecom infrastructure. The price range for the IPO is INR 93-94 and minimum quantity is 155.

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Continental GT, Interceptor bikes recalled by Royal Enfield in the US
Tue, Feb 16, 2021 1:38 PM

Continental GT, Interceptor bikes recalled by Royal Enfield in the US

Royal Enfield is recalling a specific number of Continental GT and Interceptor motorcycles in the US. It will help the bike maker address a potential brake corrosion that could increase the risk of a crash. These bikes are the biggest in size made by the Eicher Motors-controlled company. The two bikes debuted in the US in September 2018, making it their first market for launch.

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Tata Communications signs deal with Google to ease cloud adoption
Tue, Feb 16, 2021 1:28 PM

Tata Communications signs deal with Google to ease cloud adoption

Tata Communications inks a deal with Google Cloud to help enterprises adopt such services as companies continue to work remotely amid the covid-19 pandemic. The partnership will enable enterprises ease-of-use coupled with end-to-end services, including cloud architecture planning, workload migration and operational support.

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Maruti Suzuki emerges as the leading automaker in 2020
Tue, Feb 16, 2021 1:07 PM

Maruti Suzuki emerges as the leading automaker in 2020

Maruti Suzuki emerged as the top automaker in terms of customer choice– with half of India’s passenger vehicles (PVs) sold in 2020 coming from the brand. It is the fourth consecutive year the automaker achieved this feat. The achievement is notable, given that MSI accounted for 50% of all PV sales in India while catering to 80% of the market since it exited from diesel cars category in early 2020.

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Bitcoin witness a record run as it climbs an all-time high close to $50,000
Tue, Feb 16, 2021 12:58 PM

Bitcoin witness a record run as it climbs an all-time high close to $50,000

Bitcoin attained a fresh record, coming ever closer to $50,000, as the world’s largest cryptocurrency extends its breathtaking rally. The cryptocurrency climbed as much as 3.6% to $49,913 in Asian trading on Tuesday (February 16). Bitcoin’s volatile, fivefold advance over the past year towers above the returns from more traditional investments like stocks, gold and commodities.

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February 16 is the last day to apply for DDA Housing Scheme 2021
Tue, Feb 16, 2021 12:47 PM

February 16 is the last day to apply for DDA Housing Scheme 2021

February 16 is the last day to apply for the DDA’s 2021 housing draw under which 1,350 flats are up for sale in the national capital. The authority has received around 27,000 applications and more than 15,000 have paid up the booking amount. DDA has received 26,365 applications so far. Nearly 10,147 have applied for HIG and MIG units that are available in the range of over Rs 1 cr and Rs 2 cr.

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Nureca IPO subscribed 8.4 times on day 2, retail portion booked 46 times
Tue, Feb 16, 2021 12:43 PM

Nureca IPO subscribed 8.4 times on day 2, retail portion booked 46 times

The Rs 100-crore IPO of Nureca has received good response. It has been subscribed 8.4 times on the 2nd day of bidding, Feb 16. But for the issue to sail through, the reserved portion of qualified institutional buyers has to get at least 90% subscription. So far, they have not put in bids for the issue yet. The IPO received bids for 1.17 crore equity shares against offer size of 14.01 lakh shares.

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RailTel IPO subscribed 65% on day 1, retail portion fully booked
Tue, Feb 16, 2021 12:13 PM

RailTel IPO subscribed 65% on day 1, retail portion fully booked

The RailTel Corporation of India IPO has been subscribed 65% so far in the morning on February 16, the first day of bidding. The issue has received bids for 3.95 crore equity shares against offer size of over 6.11 crore shares, according to subscription data available on the exchanges. The company is expected to enjoy premium post listing owing to the absence of major players in the listed space.

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South Africa ton return Serum Institute's 1 million vaccine doses
Tue, Feb 16, 2021 11:49 AM

South Africa ton return Serum Institute's 1 million vaccine doses

South Africa has asked the Serum Institute of India to take back the one million COVID-19 vaccine doses the company had sent in early February. The country said it will put on hold use of AstraZeneca's shot in its vaccination program. Serum Institute of India, which is producing AstraZeneca's shot, has emerged as a key vaccine supplier for many countries across the globe.

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Brookfield REIT debuts at Rs 279, with marginal increase over issue price
Tue, Feb 16, 2021 11:31 AM

Brookfield REIT debuts at Rs 279, with marginal increase over issue price

Brookfield REIT made its debut at the stock exchange with a marginal premium at Rs 279 on the National Stock Exchange, on February 16, against issue price of Rs 275. The REIT raised Rs 3,800 crore through a public issue which was subscribed 7.94 times during February 3-5. Brookfield REIT will utilise IPO proceeds for repayment of debts availed by its Asset SPVs.

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