Shares of Sagar Cements zoomed 20 per cent to Rs 1,032.15, hitting a fresh 52-week high, on the BSE in intra-day trade on Tuesday after the company announced stock split plan. The stock of the cement and cement products company was trading close to its record high level of Rs 1,161 touched on January 4, 2018.

The board of directors of the Company is scheduled to meet on July 01, 2021, inter-alia, to consider a proposal to sub-divide (split) the face value of the equity shares of the Company from Rs 10 each into an appropriate amount, Sagar Cements said in exchange filing.

The government will receive Rs 1,426 crore as dividend from Coal India Limited (CIL) after the dry fuel miner on Monday announced an additional final dividend of 35 per cent or Rs 3.5 per share on equity shares of Rs 10 each, an official said.

The total dividend payout for FY'21 stood at Rs 16 per share or 160 per cent.

Drug firm JB Chemicals & Pharmaceuticals on Monday reported a two-fold jump in consolidated net profit to Rs 100.81 crore for the quarter ended March 2021 on account of robust sales.

The company had posted a net profit of Rs 50.07 crore for the corresponding period of the previous fiscal year, JB Chemicals & Pharmaceuticals said in a regulatory filing.

HCL Technologies has hired Accenture executive Siki Giunta to head its cloud business, a sector the industry veteran called the strategic pillar within any organization.

Giunta will accelerate #HCLCloudSmart industry cloud offerings into client markets, said the technology company in a statement. She led several projects at Accenture, working as the Chief Executive Officer (CEO) of Managed Objects and Fortisphere.

JSW Cement said on Monday it has entered the construction chemical sector with the launch of a green product range in the category.

The range comprises 'Enduro Plast' readymix plaster, 'Krysta Leakproof' integral crystalline waterproofing compound and'Duraflor'floorhardner, it said in a statement.

Industrial gas manufacturer MVS Engineering has sought the government's intervention to ensure smooth supply of zeolite molecular sieves, a key component for the production of medical oxygen.

New Delhi-based MVS Engineering is a leader in industrial gas systems in India. The company has installed 40 PSA oxygen plants across the country within a year.

RattanIndia Power Ltd on Monday said it has repaid Rs 1,219 crore debt in the last 15 months, including Rs 200 crore prepayment, despite the challenges posed by the COVID-19.

During the last 15 months, RPL has repaid the debt of Rs. 1,219 crore to lenders, including Rs 200 crores as prepayment, even in the face of challenges posed by the pandemic, the company said in a BSE filing.

Amara Raja Batteries Ltd (ARBL) on Monday announced energy and mobility as its strategic focus going forward to capitalise on emerging opportunities.

It announced expansion of lead acid batteries business and establishment of a new energy strategic business unit encompassing lithium cell and battery pack, EV chargers, energy storage systems, advanced home energy solutions and related products and services.

Tata Motors on Monday said its board has approved a proposal to raise up to Rs 500 crore through the issue of securities on a private placement basis.

A meeting of the duly authorised committee has approved subscription, on a private placement basis, up to 5,000 rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) of face value Rs 10 lakh each, aggregating up to Rs 500 crore, the auto major said in a regulatory filing.

Bangladesh has registered its highest number of single-day Covid-19 fatalities in more than a month, increasing the overall death toll to 13,118, according to health authorities.

On Sunday, Directorate General of Health Services (DGHS) reported 47 new coronavirus fatalities, marking the highest number of daily deaths since May 9, reports Xinhua news agency.

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