The mining major Coal India Ltd has apprised its new and existing bidders to register on its own e-auction platform, which it is launching anytime soon. At present, mjunction and state-owned MSTC Ltd. manage the e-auction portal. Coal India's annual e-auction sales account for around 120 million tonnes, while the rest is sold through fuel supply agreements and other special sales windows.
Open FlipAccording to a report from Propstack, the manufacturer of cables and wires, Polycab India Ltd. purchased a commercial space in Mumbai’s Dadar West area for Rs 202 crore. The transfer deed showed that Ruby Mills Ltd has sold the 23rd and 24th floors of commercial space spread across an area of 55383.65 sq. ft to Polycab India Ltd. The company paid a stamp duty of Rs 10 crore.
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Open Flip📌 HDFC Bank: Earner a net profit of ₹10,055.2cr for Q4FY22; rising 22.8% YoY. 📌 Tata Steel: To consider a stock split proposal on May 3. 📌 ICICI Prudential: Net profit jumped 189.5% to ₹185cr in Q4FY22. 📌 M&M: Selling 34,75,264 equity shares of ₹10 each held by the firm in Mahindra Sanyo Special Steel. 📌 Windlas Biotech: Got certificate of Good Manufacturing Practices (GMP) from SAHPRA.
Open FlipTwitter Inc. founder Jack Dorsey’s first tweet “just setting up my twttr" was converted into a nonfungible token last year and sold for $2.9 million. Sina Estavi, CEO of blockchain firm Bridge Oracle paid for it citing years later people will realize the true value, just like Mona Lisa painting. A day after Tesla Inc.'s CEO made an offer to buy Twitter for $43 bn, its bid value became $13,940.
Open FlipThe scheduled deadline of April 18, for processing the millions of individual returns will be met for the first time in three years, as the Internal Revenue Service of the United States ended up largely being able to manage it. VP of Tax Operations at TaxAct said the average refund so far for 2021 is $3,175, 9.9% higher than in 2020. Crypto owners must know that IRS asks for data.
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Open FlipAn airline industry group, The International Air Transport Association has suggested government and other infrastructure providers should gear up for the huge increase in passenger numbers as recovery in air travel gathered pace. According to a report from IATA, the domestic travel in February rose 61% compared with last year and was only 22% below 2019 levels.
Open Flip🔰 US stocks slide as Wall street settled lower on Thursday. 🔰 Euro STOXX 600 rallied 0.67% and MSCI's gauge of stocks across the globe shed 0.35%. 🔰 Bearish candle triggered by the Nifty50 on Wednesday fell for the third straight session. 🔰 Nifty may trade in the range of 17250 – 17750 🔰No stock witnessed strong selling pressure.
Open FlipSequoia Capital on Sunday hinted that it has zero tolerance toward proven wrongdoing at fintech firm BharatPe and will take tough calls where needed in the interest of doing what is right. Sequoia is currently the largest shareholder in BharaPe whose co-founder Ashneer Grover was virtually sacked from his role earlier, to which Sequoia referred as 'disturbing'.
Open FlipDidi Global Inc. reported that its Q4 revenue shrank 12.7% from the same period a year earlier as the ride-hailing firm prepares to delist from the New York Stock Exchange, amid a cybersecurity investigation by Chinese regulators. The Beijing based firm has scheduled a shareholders' meeting on May 23 to vote on its delisting from the NYSE.
Open FlipTwo Libyan ports have received orders from state-run National Oil Corp. declaring force majeure on loadings at Mellita port in western Libya. This comes after a group of individuals had caused a halt of production at El Feel, a 65,000-barrel-a-day field that feeds the port. Sources told that a tanker at the terminal’s anchorage set to load 1 million barrels wasn’t allowed to load.
Open FlipNifty April futures gained more than 3.21 lakh shares or 3.46% in net Open Interest. Analysts have attributed this increase in OI to the decline in the index. It is estimated that Monday's session is expected to witness the levels of 17,540 and 17,690 acting as probable resistance points, while support would come in at 17,400 and 17,330 levels.
Open FlipDNB Asset Management, a large European asset manager slashed its investment stake in AMC Entertainment Holding, Apple and materially raised investments in payments firm PayPal Holdings (PYPL) and Covid-19 vaccine maker Pfizer (PFE). In a regulatory filing, DNB, which manages about $98 billion in assets disclosed its first-quarter trades. It sold 91,259 AMC shares to end the first quarter.
Open FlipGodavari Biorefineries eyeing to launch its initial public offering (IPO) aggregating to ₹700 cr anytime soon. The Mumbai-based ethanol and bio-based chemicals maker is only waiting for the right time while observing the geopolitical situation. Its CEO and MD Samir Somaiya apprised that the company has one year time to get listed as they got Sebi's final comments on their IPO request in Nov'21.
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