As per the latest shareholding pattern of Dolly Khanna in the quarter ended March 2022, Khanna has trimmed stake in Talbros Automotive Components by six-tenth of a percent. However, the scrip gave 26% return in last one month. Similarly, Khanna lowered her stake in the cement company NCL Industries, which recorded a 16% gain in last one month. Now, she holds 1.6% shares, trimmed by 0.13% shares.
Open FlipTata Consultancy Services announced that it has partnered with the Centre for Governance and Sustainability at the National University of Singapore Business School to make corporate governance assessment quicker and more efficient. The move will add to the benefit of professional practices among institutions, government bodies and businesses in Singapore and Asia.
Open FlipWorth Rs17.46 crore work order cum Letter of Acceptance has been bagged by Univastu Limited on April 6, 2022. The company garnered the order for the construction of the Steel Ramp for the Walkway of NMML-I Viaduct, Ground development works for stations no. 9 and 11. The order also comprises the supply and installation of additional signages at stations 07 to 11 for Navi Mumbai Metro Line – I.
Open FlipA crypto-services startup, Wyre Payments Inc. is to be purchased by a payments-focused financial technology firm, Bolt Financial Inc. in a deal worth $1.5 billion. This acquisition by Bolt Financial would be the largest in the crypto sector which did not involve the participation of a special purpose acquisition company. This agreement came at a time of rising merger activity in the crypto sector.
Open FlipUS Food & Drug Administration has given its tentative nod to Alembic Pharmaceuticals Limited for its Abbreviated New Drug Application (ANDA) for Dabigatran Etexilate Capsules, 75 mg, 110 mg, and 150 mg. According to IQVIA, abigatran Etexilate Capsules, 75 mg, 110 mg, and 150 mg have an estimated market size of US$ 465 million for twelve months ending December 2021.
Open FlipIndia's bottling arm of Coco-Cola, Hindustan Coca-Cola Beverages announced that it will be setting up a second factory in Telangana. In the first phase, this plant will inculcate an investment outlay worth ₹600 cr. The company will be making a state-of-the-art, digitally sound, automated, smart factory. Which will manufacture juices, enhanced water, packaged water, and sparkling beverages.
Open FlipOne of India's leading manufacturers of antique jewellery, Ashapuri Gold Ornaments Ltd, has bagged orders worth Rs30 crore during the country’s first B2B jewellery Expo “India Gem & Jewellery Show. Around Rs25 crore, out of the Rs. 30 crores received during the exhibition, is from the domestic corporate & retail brands and the rest from international brands.
Open FlipOne of the largest financial services providers in India, Bajaj Finserv Limited has launched its third edition of 'Savdhaan Rahein. Safe Rahein.' campaign. This aims to educate the general public about the multiple types of fraud in the financial services ecosystem. With the third edition, the company is focusing on ways to stay protected against general insurance frauds.
Open Flip📊 Benchmark indices CLOSED on a negative note on April 7 ahead of RBI policy outcome tomorrow. 🔎At 3:30 PM, the Sensex plunged 🔻 575.46 points or 0.97% at 59,034.95, and the Nifty was down🔻 168.20 points or 0.94% at 17,639.50. About 1678 shares have advanced, 1644 shares declined, and 102 shares are unchanged. 👉 Except pharma, all other sectoral indices ended lower.
Open FlipPiyush Goyal, who is the Commerce and Industry Minister of India has suggested the global leader in making hearing aids, Cochlear Ltd launch a manufacturing base in India. With this base, the Sydney-based company would get a robust market for domestic sales for exports to other countries also. Further stating that the firm implants are part of the trade deal inked between the two nations.
Open FlipIn Ferrous, from a medium-term perspective, PhillipCapital likes Flat steel majors. As demand and pricing may get affected during the monsoon period. As per the brokerage, Tata Steel, JSW Steel, and Jindal Steel and Power stayed at its top stock picks. Overall, PhillipCapital projects operating performance to cloak healthy growth on a sequential basis for the non-ferrous sector.
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Open FlipAnil Kumar Goel, a well-known investor has marginally cut down his stake in Panama Petrochem, which is a lubricant company. While seasoned investor Ramesh Damani has stayed put. Goel has sold 20,000 shares during January-March 2022 period, as per the latest regulatory filing of the company. However, he owned 7,80,000 equity shares or 1.60% in the company in the last quarter, this year.
Open FlipVodafone-Idea is a telecom operator, who collaborated with digital startups Apna, Enguru, and Pariksha to widen its digital offerings. This partnership is mainly visions on engaging young customers, especially job aspirants. Apna, Enguru–English learning startup, and Pariksha are a platform specializing in government employment exam preparation. Vi is initially targeting its prepaid user base.
Open FlipThe credit ratings on the bank loan facilities Rs50 crore of Apollo Pipes Limited have been reviewed by ICRA Limited. The rating agency has reaffirmed the long-term rating ICRA A (Positive) /A1 and the outlook revised to Positive from Stable. The short-term rating has been reaffirmed at ICRA A1. The company is known for its high-quality pipes & fittings products and reliable distribution.
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