Shares of 5paisa Capital were locked at the 20 per cent-upper circuit at Rs 350.40 on the National Stock Exchange (NSE) on Thursday after the firm's board approved fund raising of Rs 251 crore at Rs 500 per share on preferential basis to marquee investors and Promoters and Promoter Group. The preferential issue price is at 70 per cent premium over Tuesday’s closing price of Rs 292 per share on the NSE.
Billionaire Gautam Adani is likely to see three more companies from his coal mining-to-data centers conglomerate join the MSCI India Index after shares in each one of them more than doubled this year, according to analysts.
The group’s flagship Adani Enterprises Ltd., gas supplier Adani Total Gas Ltd. and power distributor Adani Transmission Ltd.
Information technology (IT) services major Infosys on Wednesday posted a 17.5 per cent jump in net profit for the March quarter on a year-on-year (YoY) basis, even though it was down 2.3 per cent sequentially.
Infosys’s board also approved a share buyback of up to Rs 9,200 crore. The buyback will be done from the open market and the price per share will not exceed Rs 1,750 crore.
Apollo Tyres on Wednesday announced its foray into the truck and bus tyre segment in the US and Canada, following the launch of its passenger vehicle range in the two markets.
The commercial vehicle range has been introduced under the Apollo brand although the PV (passenger vehicle) range was launched under the premium European brand, Vredestein last September, the company said in a statement.
GE Power India's board on Wednesday approved the acquisition of 50 per cent stake in NTPC GE Power Services Pvt Ltd for Rs 7.2 crore.
Board of directors of GE Power India Ltd in its meeting held today i.e., 14 April, 2021 has approved acquisition of 50 per cent of the issued and paid-up share capital of NTPC GE Power Services Pvt Ltd (NGSL), a BSE filing said.
Hyderabad-based Dr Reddy’s Laboratories (DRL), the Indian partner for Russia’s Sputnik V, will use the government’s vaccination cold chain infrastructure, along with its own cold chain capabilities, for last-mile distribution of the vaccine in India.
Further, 60-70 per cent of Sputnik V’s global production is set to take place in India, said DRL.
The number of new coronavirus cases in India hit a record daily high with over 200,000 infections being reported in a day, while the active cases surpassed the 14- lakh mark,according to the Union Health Ministry data updated on Thursday.
With the new cases, the total tally of Covid-19 cases in the country rose to 14,074,564.
To contain the COVID-19 crisis in Mumbai, 4-star and 5-star hotels will be converted into COVID facilities. Initially, two hotels will be converted into Coronavirus facilities from Thursday (April 15).
The Brihanmumbai Municipal Corporation (BMC) and the private hospitals will jointly look for 4-5 hotels to convert them into COVID facilities.
The fresh surge in COVID-19 cases across the national capital is seeing an increasing number of death cases resulting in crematoriums and burial grounds struggling to manage resources. In Delhi's biggest crematorium Nigambodh Ghat itself is witnessing double the number of cremations per day.
Earlier where 15 cremations use to happen in a single day, the number has now risen to over 30 per day as COVID-19 related deaths in the national capital continue to rise.
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