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Solar Industries bags order
Solar Industries India and its subsidiary have received orders worth Rs 1,563 crore from Singareni Collieries Company Limited for supply of SME explosives, LDC explosives and accessories for blasting of OB, to be delivered over a period of two years.
Govt plans to cut taxes on edible oils to cool surging prices
India, the world’s top importer of vegetable oils, is looking to cut the agriculture infrastructure and development cess on crude palm oil imports from 5%, the people said, asking not to be identified…
Market at 10 AMBenchmark indices were trading lower with Nifty below 16500 with selling across the sectors.The Sensex was down 838.13 points or 1.50% at 54864.10, and the Nifty was down 259.70 points or 1.56% at 16423. About 490 shares have advanced, 2360 shares declined, and 80 shares are unchanged.
Nifty can go back to levels of 15,900-16,000: Gautam Shah of Goldilocks Research
Nifty can go back to levels of 15,900-16,000 and one needs to be careful in terms of bottom fishing, said Gautam Shah of Goldilocks Research told to CNBC-TV18.
He do not see many green spots in the market.
We are 7 months into the correction which started in October 2021. For a long-term investor, next 4 weeks is the best time to accumulate good stocks, he added.
Phoenix Mills increases its stake in Classic Mall
The Phoenix Mills has executed a non-binding term sheet to acquire, directly and/ or indirectly through its affiliates, the balance 50% equity shareholding of Crest Ventures Limited and Escort Developers Private Limited (a 100% subsidiary of Crest Ventures Limited) held in Classic Mall Development Company, an associate of the company.
Phoenix Mills was quoting at Rs 1,075.10, down Rs 30.90, or 2.79 percent on the BSE.
BSE Realty index fell over 2 percent dragged by the Sobha, Macrotech Developers, Prestige Estates:
Jindal Worldwide makes EV foray:
Jindal Worldwide has acquired Mumbai-based electric vehicle start-up Earth Energy EV through its subsidiary Jindal Mobilitric.
In addition, Jindal Mobilitric will set up a new manufacturing plant in Ahmedabad which will supplement the existing Earth Energy manufacturing facility in Maharashtra, company said in its release.
Jindal Worldwide was quoting at Rs 308.45, up Rs 0.80, or 0.26 percent on the BSE.
Buzzing:Reliance Industries share price is trading in the green ahead of its March quarter earnings. The company is expected to report bumper earnings for the quarter ended March led by its refining, telecom and retail business even as the petrochemical operations may exhibit some weakness.The conglomerate is expected to report a 38 percent year-on-year rise in consolidated net profit at Rs 17,167 crore for the quarter ended March, according to an average of six brokerages polled by Moneycontrol.The company’s consolidated revenues are likely to rise 43 percent on year to Rs 2.1 lakh crore for the reported quarter driven in large part by a bump in earnings of the refining business. Click To Read More
TVS Motor | Buy, sell or hold? What should investors do after Q4 results?
Revenues of TVS Motor registered a YoY growth of 4 percent to Rs 5,530 crore as compared to Rs 5,322 crore registered during the same period a year ago.
UPL official says fire broke out at Ankleshwar unit-1 this morning, has been extinguished, reported CNBC-TV18.
