Tag Archives: Markets live

Vodafone Idea, Bajaj Auto, DCB Bank, and Others


Nifty futures on the Singapore Exchange traded 55 points, or 0.36 per cent, higher at 15,452, signaling that Dalal Street was headed for a positive start on Thursday.
The market was completely caught in a bear trap after a day of rally and fell more than one percent in the previous session, dragged by selling across sectors and weak global cues. The BSE Sensex tanked more than 700 points or 1.35 per cent to 51,823, while the Nifty50 plunged 225.50 points or 1.44 per cent to 15,413.

DCB Bank

The private sector lender has appointed Satish Gundewar as its Chief Financial Officer and Key Managerial Personnel, after the retirement of Bharat Laxmidas Sampat from the said position.

Imagicaaworld Entertainment

The company has completed its debt resolution successfully and inducted new promoters on the board of directors. The board has approved the allotment of equity shares and 0.01 per cent redeemable non-convertible preference shares on a preferential basis as part of the resolution plan agreed by the lenders under the RBI Prudential Framework.

ITC

The Kolkata-based company, which has been exporting unmanufactured or raw tobacco to British American Tobacco (BAT), said it could supply ship it for a value of almost Rs 1990 crore in 2022-23, as per the company’s shareholder notice for the upcoming annual general meeting (AGM).

Delhivery

Logistics firm announced its plans to expand its infrastructure in Bhiwandi (Greater Mumbai) and Bengaluru to enhance its processing capacity to cater to demand from the southern and western regions of the country.

GAIL

The nation’s largest gas transportation and marketing firm said it plans to enter into distributed Liquefied Natural Gas (LNG) production to take the fuel to users. GAIL will liquefy or turn natural gas into liquid at sub-zero temperature and transport it in trucks to users.

Vodafone Idea

The telecom operator said the board approved raising of funds up to Rs 436.21 crore from promoter Euro Pacific on a preferential basis. The board also approved the convening of an Extraordinary General Meeting of the company on July 15 to seek approval of shareholders for the said preferential issue.

Bajaj Auto

The automobile company informed exchanges that the board of directors will meet on June 27 to further deliberate on the proposal for the buyback of equity shares of the company.

IRB Infrastructure Developers

IRB Infrastructure received 75 percent of the arbitration award of Rs 419 crore from IRB Pathankot Amritsar Toll Road Ltd, an SPV of IRB InvIT Fund. The Court has upheld Arbitral Tribunal’s Order and directed NHAI to release 75 per cent of the arbitration award amount, i.e. Rs 308 crore, to the company. IRB Infra was the EPC contractor for the Pathankot-Amritsar BOT project.

GPT Infraprojects

The company has bagged an order worth Rs 292 crore for the execution of viaducts, major bridges, ROBs, supply of vehicles, site facilities and other allied works for Khurda Road-Bolangir New BG link project of East Coast Railway. This contract is a joint venture.

The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.

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ONGC, Happiest Minds, Adani Power, Bharat Forge, and Others


Nifty futures on the Singapore Exchange traded 22.5 points, or 0.15 per cent, higher at 15,384.50, signaling that Dalal Street was headed for a positive start on Tuesday. The market returned to positive territory in yesterday’s session with the BSE Sensex rising more than 200 points, backed by FMCG, IT stocks and HDFC twins. The rally in European counterparts also aided momentum at Dalal Street. Experts call it a relief rally after the market entered into oversold levels, as the benchmark indices had fallen around 7 per cent in the previous six consecutive sessions. The BSE Sensex closed 237 points higher at 51,598, while the Nifty50 climbed 57 points to 15,350.

HUDCO

Fitch Ratings has affirmed the ratings of Housing and Urban Development Corporation at ‘BBB-‘ level, i.e. at the sovereign level. At the same time, the rating agency has revised the outlook of HUDCO to ‘Stable’ from ‘Negative’. The rating action follows the change in outlook of Government of India rating to ‘Stable’ from Negative’ on June 10, 2022.

Oil and Natural Gas Corporation

Ministry of Petroleum and Natural Gas has approved the extension of additional charge of the post of Chairman and Managing Director (CMD) to Alka Mittal, Director (HR), for a period of two months from July 1 to August 31, 2022, or till the appointment of a regular incumbent to the post, or until further orders, whichever is the earliest.

Adani Power

The utility firm completed the acquisition of 100 per cent equities in SPPL and EREPL for about Rs 609 crore. On June 7, 2022, Adani Power had signed a share-purchase agreements to acquire 100 per cent equity shares of two companies- Support Properties (SPPL) and Eternus Real Estate (EREPL) from their respective shareholders.

Vodafone Idea

The board of debt-ridden telecom firm is scheduled to meet on June 22 to consider a proposal for raising funds to the tune of Rs 500 crore from Vodafone Group. The fundraising will be through the issuance of equity shares or convertible warrants on a preferential basis to one or more entities belonging to Vodafone Group.

Happiest Mind Technologies

Morgan Stanley Investment Funds offloaded shares of IT company for Rs 105 crore through an open market transaction. According to the bulk deal data available with BSE, Morgan Stanley Investment Funds Emerging Leaders Equity Fund sold 13,14,055 shares, amounting to 0.9 per cent stake in the company.

Ashok Leyland

The commercial vehicle maker and Hinduja Group’s flagship firm has strengthened its CNG-operated Intermediate Commercial Vehicle (ICV) portfolio with the launch of its ecomet STAR 1115 truck in 11.44 tonnes Gross Value Weight (GVW) category.

Suven Life Sciences

The company informed exchanges that the Board of Directors will meet on June 24 to consider raising funds through issue of equity shares on a rights basis to the existing equity shareholders of the company.

Fineotex Chemical

The company said the board will meet on June 24 to decide on raising funds by issue of equity shares. This is subject to shareholders’ and regulatory approvals.

Engineers India

The company said the board of directors has designated Sanjay Jindal, Director (Finance) as Chief Financial Officer of the company in place of Vartika Shukla, CMD and Additional Charge Director (Technical). The appointment is with immediate effect for a period of five years, or till the date of his superannuation or until further orders, whichever is earliest.

Bharat Forge

The company has decided to consolidate its electric vehicle business initiatives under Kalyani Powertrain (KPL), a wholly-owned subsidiary, for a better strategic alignment. Accordingly, its Investment Committee – Strategic Business has approved the transfer of the company’s stake in Refu Drive GmbH, the joint venture company, to KPL subject to receipt of necessary approval from regulatory authorities.

The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.

Read all the Latest News , Breaking News , watch Top Videos and Live TV here.



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