Tag: corporate

Adani Power soars over 5% on securing coal blocks

Adani Power soars over 5% on securing coal blocks

20/09/2017 12:18

Shares of Adani Power surged over 5 per cent on the Bombay Stock Exchange after two associated companies managed to secure a shade over one-third of the total coal auctioned by Coal India under the Shakti scheme, as per Business Standard report.

Boosted by the development, shares of the company gained as much as 5.05 per cent to trade at intra-day high of Rs 33.25 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the company were trading 2.37 per cent higher at Rs 32.45 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 32,421.94, up 19.57 points, or 0.06 per cent, at 12:10 hours.

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JNPT wins “Rajbhasha Kirti Award” for 11th consecutive time

JNPT wins “Rajbhasha Kirti Award” for 11th consecutive time

19/09/2017 13:10

Jawaharlal Nehru Port Trust (JNPT) was awarded the “Rajbhasha Kirti Puraskar” for the year 2016-17 in the category of ‘B’ region for autonomous bodies and boards, for its excellent implementation of the Official Language.

The award (second prize) was presented at an elegant ceremony at Vigyan Bhavan, New Delhi on the occasion of Hindi Divas celebration on September 14, 2017, said an official statement.

This is the 11th consecutive year that Jawaharlal Nehru Port Trust has won this award.

Deputy Chairman of JNPT, Neeraj Bansal accepted the award from the Honourable President of India, Ramnath Kovind.

Dixon Tech makes strong debut; lists at 54% premium

Dixon Tech makes strong debut; lists at 54% premium

18/09/2017 12:53

Electronic manufacturing firm Dixon Technologies (India) kicked-off trading on the Bombay Stock Exchange on strong note by listing at Rs 2725.00, a 54 per cent premium against its initial public offer (IPO) price of Rs 1,766 per share.

The shares of the company, which had got overwhelming response for its initial public offering, listed at premium at Rs 2,725 on the National Stock Exchange.

Extending its early gains, shares of company gained as much as 69.81 per cent to trade at intra-day high of Rs 2998.90 on the BSE. In the day’s trade so far, stocks hits intra-day high and low of Rs 2998.90 and Rs 2725.00, respectively.

“The equity shares of Dixon Technologies (India) Ltd (Scrip Code: 540699) are listed and admitted to dealings on the Exchange in the list of ‘B’ Group Securities,” said the company in a filing to the Bombay Stock Exchange.

The IPO, which was opened for public subscription from September 6-8, had fixed a price band of Rs 1,760-1,766 per equity share.

The company intends to use fund proceeding for setting up LED TV capacity in Tirupati, expansion of backward integration of lighting business, debt repayment, IT infrastructure and the rest will be used for general corporate purposes.

Meanwhile, the broader benchmark BSE Sensex was trading at 32,484.01, up 211.40 points, or 0.66 per cent, at 13:00 hours.

ONGC jumps over 4% on rise in crude prices

ONGC jumps over 4% on rise in crude prices

15/09/2017 12:31
Shares of Oil & Natural Gas Corporation (ONGC) jumped over 4 per cent on the Bombay Stock Exchange amid spurt in crude oil prices as demand outlook brightens.

Driven by rise in crude prices, shares of the company gained as much as 4.14 per cent to trade at intra-day high of Rs 166.00 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the company were trading 3.07 per cent higher at Rs 164.25 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 32,191.65, down 50.28 points, or 0.16 per cent, at 12:35 hours.

Wipro dips 5% as stock turns ex-date for buyback

Wipro dips 5% as stock turns ex-date for buyback

14/09/2017 12:15

Shares of Wipro tumbled nearly 5 per cent on the Bombay Stock Exchange after the stock turned ex-date for the proposed buyback today.

As on September 1, 2017, the company has fixed September 15, 2017 as the record date for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in the buyback.

Weighed down by the development, shares of the company declined as much as 4.88 per cent to trade at intra-day low of Rs 281.60 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the company were trading 4.21 per cent lower at Rs 283.45 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 32,196.40, up 9.99 points, or 0.03 per cent, at 12:15 hours.

Tata Motors’ global sales up 9% in Aug, at 94,201 units

Tata Motors’ global sales up 9% in Aug, at 94,201 units

13/09/2017 12:47
Tata Motors has reported 9 per cent increase in global sales for last month to 94,201 units, including that of Jaguar Land Rover (JLR) vehicles.

The company had sold 86,288 units in August 2016, Tata Motors said in a statement.

In the passenger vehicles category, global sales stood at 58,858 units last month as against 56,104 units during the same period in 2016, a growth of 5per cent.

Sales of luxury brand JLR were up 5per cent to 44,420 units in June as compared to 42,260 units in the same month of 2016.

Tata Motors said sales of its commercial vehicles rose by 17 per cent to 35,352 units as against 30,184 units in the year-ago month.

Meanwhile, shares of the company were trading at Rs 391.70 apiece, up 1.16 per cent from the previous close at 12:52 hours on BSE.

Panacea Biotec up 13% on expanding collaboration with US firm

Panacea Biotec up 13% on expanding collaboration with US firm

11/09/2017 13:02

Shares of Panacea Biotec zoomed over 13 per cent on the Bombay Stock Exchange after the company has expanded its existing collaboration with Canada’s Apotex Inc for sales and distribution of Prasugrel tablets in the US.

“Panacea Biotec has expanded its existing collaboration with Apotex Inc, the largest Canadian-owned pharmaceutical company, for sales and distribution of Prasugrel 5mg and 10mg tablets (generic version of Eli Lilly’s Effient) in the US,” the company said in a BSE filing.

It further said, “The company has signed an exclusive licence and supply agreement with Apotex for this purpose. Under the terms of the agreement, Apotex shall be responsible for sales and distribution of the product in the USA and the company shall be responsible for manufacturing and supply”.

Following the statement, shares of the company gained as much as 13.13 per cent to trade at Rs 248.50 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the company were trading 12.07 per cent higher at Rs 247.90 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 31,889.72, up 201.37 points, or 0.64 per cent, at 12:55 hours.

SSWL bags additional 8,500-wheel order from Europe

SSWL bags additional 8,500-wheel order from Europe

07/09/2017 13:04

Steel Strips Wheels Limited (SSWL) said that it has bagged another Exports order for supply of Steel wheels for EU Trailer & aftermarket.

Total order covers supplies of approx 8,500 wheels in a period of 2 months, the company said in a filing to the Bombay Stock Exchange.

According to the filing, the wheels are to be dispatched from SSWLT Chennai & Dappar plant from this month onwards.

“This order further augments SSWL’S strong presence in the extremely competitive EU Caravan and aftermarket for Steel wheels,” the filing added.

Meanwhile, shares of the company were trading at Rs 904.65 apiece, up 0.42 per cent from the previous close at 13:00 hours on BSE.

Ashok Leyland Defence signs MOU with Rosoboronexport, ELCOM

Ashok Leyland Defence signs MOU with Rosoboronexport, ELCOM

06/09/2017 12:53

Ashok Leyland Defence Systems (ALDS), Hinduja Group company has signed a Memorandum of Understanding (MOU) on Cooperation with Russia’s Rosoboronexport (ROE) and ELCOM, on the sidelines of the International Military Technical Forum Army – 2017 held at Kubinka, near Moscow, on August 25, 2017.

Rosoboronexport is the only state organisation in Russia for export of the entire range of military products and technologies, the company said in a BSE filing.

ROE represents Russian companies who are manufacturers of Infantry Fighting Vehicles and Main Battle Tanks, currently working with the Indian Army.

ELCOM Group is emerging as a significant player in strategic electronics, avionics and tactical communication globally.

Meanwhile, shares of the company were trading at Rs 112.50 apiece, down 0.57 per cent from the previous close at 12:55 hours on BSE.

RIL up over 1% on plans to raise fund via NCDs

RIL up over 1% on plans to raise fund via NCDs

31/08/2017 12:05

Shares of Reliance Industries rose over 1 per cent on the Bombay Stock Exchange after Mukesh Ambani-led company said it will make an offer for issuing nonconvertible debentures (NCDs) worth Rs 2,500 crore next week.

Buoyed by fund raising plans, shares of the company gained as much as 1.52 per cent to hit intra-day high of Rs 1588.00 apiece on the Bombay Stock Exchange. The stocks were currently trading at Rs 1583.95 against previous close price of Rs 1564.15.

In a similar fashion, shares of the company were trading 1.28 per cent higher at Rs 1,584.10 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 31,569.70, down 76.76 points, or 0.24 per cent, at 11:55 hours.