Page 637 - Business Finance
Cipla falls after 8 GMP observations from USFDA
Cipla fell 0.9% to Rs 524.55 at 10:13 IST on BSE after the USFDA issued 8 GMP observations while inspection of its Kurkumbh plant.
Westlife Development announces change in directorate
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Intellect Design Arena bags contract with North American Bank
For implementation of Digital Transformation program in Payments
Bank of Baroda allots 77.26 crore equity shares under scheme of amalgamation
Vijaya Bank 52,42,00,772 nos. of shares Dena Bank 24,84,51,166 nos. of shares Total 77,26,51,938 nos. of shares
Welspun Corp sizzles after announcing value unlocking
Welspun Corp surged 7.78% to Rs 146.20 at 09:31 IST on BSE after the company announced value unlocking of about Rs 940 crore.
Indian Oil Corporation Ltd Slides 2.67%
Indian Oil Corporation Ltd has added 7.21% over last one month compared to 9.23% gain in S&P BSE Oil&Gas index and 7.96% rise in the SENSEX
MOIL update on production plan
In addition to the above, development and production activities have been started during the year at Parsoda (in Nagpur district) - 11th mine of MOIL. Annual production at this mine will gradually increase to 40000 MT. The Company is also actively pursuing cases of prospecting and mining leases in Maharashtra and Madhya Pradesh, mostly in areas adjacent to its existing mines.
MOIL registers the best ever performance in FY 2018-19
Core production (non-fines, i.e., production excluding fines) jumped 15% during the year. Total production crossed 13 lakh MT in FY'19 (up by 9% y-o-y), which is the highest achievement in last ten years. The company has also achieved highest-ever production of non-fines manganese ore. Non-fines sales are also at a record-high of 11 lakh MT (up by 13% y-o-y). The total production growth in last three years is around 30%. Currently, MOIL holds 34% of manganese ore reserves of the country and is contributing 50% of the domestic production.
Sensex rallies over 265 pts in opening deals
The BSE benchmark Sensex rallied over 265.54 points to trade at 38,938.45 in early trade on Monday, driven by sustained buying mainly in metal, auto and financial stocks amid positive global cues. On the Sensex chart, Vedanta, Tata Steel, Tata Motors, Mahindra and Mahindra and ICICI Bank led the rally. The broader NSE Nifty was higher by 62.60 points at 11,686.50 in early deals. Asian markets were trading positively amid optimism over China-US trade talks and expansion in manufacturing activity in China in March. The 30-share Sensex opened on a positive note at 38,858.88 and rose to a high of 38,960.28 in early deals. The gauge, however, pared some gains and was trading at 38,938.45, higher by 265.54 points. Similarly, the NSE Nifty started off on a high note at 11,665.20 and hit a high of 11,699.70 in opening deals. In Asia, South Korea's KOSPI rose 1 per cent, Japan's Nikkei gained more than 2 per cent and Hong Kong's Hang Seng Index climbed 1.62 per cent. China and the US gave ...
Steel Authority of India Ltd Spikes 3.72%, S&P BSE Metal index Rises 2%
Steel Authority of India Ltd has added 6.3% over last one month compared to 5.92% gain in S&P BSE Metal index and 7.85% rise in the SENSEX
Larsen & Toubro wins order from Kuwait Oil Company
The new export gas strategic pipeline and its associated facilities will run a span of approximately 145 km. The new strategic gas export pipeline contract has been awarded through international competitive bidding on a Lump Sum Turn Key (LSTK) basis.
Gujarat Borosil announces change in directorate
With effect from 01 April 2019
Shares jump on positive global cues
Key benchmark indices were trading higher in early trade on positive global cues. At 9:20 IST, the barometer index, the S&P BSE Sensex, was up 224.13 points or 0.58% at 38,897.04. The Nifty 50 index was up 53.80 points or 0.46% at 11,677.70.
Market may open higher on positive global cues
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 50 points at the opening bell on positive global cues.
Cipla in focus after 8 GMP observations from USFDA
Cipla informed that the US FDA conducted a product specific pre-approval (PAI) and Good Manufacturing Practices (GMP) inspection at its Kurkumbh plant from 11 March 2019 to 20 March 2019. The inspection covered 3 units at the plant. Post the conclusion of the inspection, the company received 8 GMP observations. The company also received 10 observations pertaining to the PAI for a novel technology product slated for approval beyond 2024. These observations are both product specific and GMP observations related to the manufacturing and quality processes. There are no data integrity (DI) observations. The company is committed to addressing these observations and will submit its response to the agency within the stipulated time. The announcement was made yesterday, 31 March 2019.
Lok Sabha polls: Total seizures in UP crosses Rs 131.63 crore
Nearly three weeks after the Model Code of Conduct (MCC) came into force, cash worth Rs 131.63 crore and other materials have been seized, confirmed Uttar Pradesh Chief Electoral Officer (CEO) Lakku Venkateshwarlu here on Sunday."Over 31 lakh writings, posters, and banners have been removed from the public and private space in the state," stated Venkateshwarlu in a press release.He also said that by far Anti-Narcotics Cell has seized a total of 10, 87,137 litres of liquor.The CEO also mentioned that under the mandate of Lok Sabha polls, a total of 7,54,014 licensed weapons have been surrendered so far.
Rahul promises 3-year-tax holiday for entrepreneurs
Slamming the "hollow" promises of the NDA government, Congress President Rahul Gandhi on Sunday said his party, if elected to power, would allow anyone to start business without permits or clearances and offer a tax holiday for the first three years.
Most insurers align premium rates with GIC Re norm
Even though a case has been filed in the Telangana High Court by Laurus Labs Ltd pleading scrapping of General Insurance Corporation of India's (GIC Re) move to accept fire insurance risks at a stipulated rate, majority of primary insurers have aligned premium rates with that of the reinsurer, said industry officials.
Welspun Corp to sell assets worth Rs 940 crore
Welspun Corp, the flagship firm of the Welspun Group, Sunday said it will sell its assets worth Rs 940 crore to two companies -- Laptev Finance and Welspun Captive Power Generation. The company has signed agreement with Laptev Finance to sell its plates and coils mill division for Rs 848.5 crore. "The Board of Directors of the Company at its meeting held on March 30, 2019...approved the slump sale of the business undertaking of the Company viz Plates and Coils Mill Division (PCMD) to Laptev Finance Pvt Ltd," Welspun Corp said in a regulatory filing. The business transfer agreement (BTA) was executed between the two parties on March 31, and the sale is expected to be completed by end of this year. The consolidated revenues of PCMD was Rs 1,230 crore as on March 31, 2018. Welspun Corp also said that it will sell 43 megawatt power plant to Welspun Captive Power Generation for Rs 66.9 crore. "The Board of Directors of the Company at its meeting held on March 30, 2019...approved the slump .
Huawei builds mini Europe in China to house R&D arm
Chinese technology giant Huawei, which is in the eye of a global security storm, has built a new campus in China that looks like a cluster of European cities.