India News
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CMS Info Systems debuted on a mildly positive note in an otherwise firm market. The stock was listed at Rs 218.50 on the BSE - a 1.2 per cent premium to its issue price of Rs 216 per share.
As of 10:07 am, the stock had hit a high of Rs 226.60, and a low of Rs 215.55 on the BSE. The stock quoted almost flat at Rs 216.70 with volumes of around 5.75 lakh shares. Meanwhile, the BSE benchmark index, the Sensex was up 0.7 per cent at 58,224.
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Indigo Paints zoomed 15.7 per cent to a high of Rs 2,247 in intraday trades on the BSE on Friday on the back renewed buying interest at the counter.
The stock had recently hit a fresh 52-week low of Rs 1,900 on December 27, 2021, and was down a whopping 43.2 per cent from its 52-week high of Rs 3,348 touched on February 03, 2021.
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Foreign automakers have indicated an interest to the government of India's Tamil Nadu state in acquiring Ford Motor Co's plant there, the state industries minister said on Thursday, after inconclusive talks with the Tata Group.
Ford India said in September it would wind down operations at a factory in Western Gujarat state by end-2021 and vehicle and engine manufacturing at the Tamil Nadu plant by 2022, as it did not see a path to profitability in the country.
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Omicron is gradually spreading in the community and the new, fast-spreading variant of concern has been found in 46 per cent of the latest samples analysed in the national capital, Delhi Health Minister Satyendar Jain said on Thursday.
He said stringent curbs have been put in place as part of the Graded Response Action Plan for COVID-19 to check the spread of the infection and the Delhi Disaster Management Authority (DDMA) will decide on implementing more restrictions.
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Granules India Ltd on Thursday said it has received approval from the US health regulator for its generic Amphetamine mixed salts indicated for the treatment of Attention Deficit Hyperactivity Disorder (ADHD) and narcolepsy.
The approval granted by the US Food and Drug Administration (USFDA) to Granules Pharmaceuticals, Inc (GPI), a wholly-owned arm, is for the abbreviated new drug application (ANDA) of amphetamine mixed salts of strengths 5mg, 7.5mg, 10mg, 12.5mg, 15mg, 20mg and 30mg immediate release tablets, the company said in a statement.
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State-owned power giant NTPC arm NTPC Renewable Energy Ltd (NREL) will float a global engineering procurement and construction tender to set up a 3GW renewable energy project with a battery storage system worth around Rs 15,000 crore by February 2022, according to a senior official.
"The NREL has decided to float a global tender or RFP (request for proposal) for a 3GW renewable energy project (like solar and wind) with battery energy storage system in the next two months (by February 2022).
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Diversified entity ITC Ltd on Thursday said it has collaborated with Invest India, a non-profit venture by the central government for national investment promotion and facilitation, to crowdsource innovative ideas for single-use plastic substitution and automate waste segregation.
Under the collaboration, ITC Paperboards and Specialty Papers Division (PSPD) has launched the ITC Sustainability Innovation Challenge, which would support innovative startup ideas on sustainable packaging and smart waste management solutions, the company said in a statement.
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IT stocks were outperforming in trades on Thursday on hopes of strong earings show for the December quarter. The BSE IT index hit a new all-time high at 37,870, and was up a per cent at 37,814, as against a 0.2 per cent rise on the BSE Sensex.
So far in trade on Thursday, CyberTech was the major gainer. The stock had zoomed over 18 per cent to Rs 236. HCL Infosys,Ramco Systems, Tanla Solutions and Suvidhaa Infoserve were the other major gainers, up 4-5 per cent each. Among frontliners, Tech Mahindra, Wipro and HCL Technologies had gained around 1.5 per cent each.
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Shares of Kalpataru Power Transmission (KPTL), a leading global EPC player in the power and infrastructure contracting sector, surged 7.2 per cent in intraday trades on the BSE to a high of Rs 382 on Thursday after the company announced large order wins.
According to a release issused by the company to the BSE, the company has secured new orders worth Rs 1,560 crore. The orders are from India, Africa, CIS and South America in the power transmission business.
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Delta Corp slipped over 4 per cent in early trade on the BSE to Rs 252.65 following reports that the Goa government imposed fresh restrictions on occupancy rate to entertainment parks including casinos in wake of the Omicron threat.
According to reports, the Goa government on Wednesday has ordered to run Casinos, cinema halls, auditoriums, river cruises, water parks & entertainment parks at a maximum of 50 per cent capacity. The state also restricted the entry of non-vacinated people into Goa.
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