GPT Infraprojects bags order worth Rs 270 croreGPT Infraprojects has received oders from Bridge & Roof Company (I) Limited, A Government of India Enterprise, Kolkata worth Rs 270 crore for construction of rail flyover between Allahabad – Bamhrauli comprising of earth work, pile foundation, composite steel girder, RCC deck slabs, ROB, utilities shifting and other allied works in connection with construction of RFO -2 (Phase -2) under North Central railway(NCR) Prayagraj , Uttar Pradesh.
USFDA issues Establishment Inspection Report to Laurus Labs’ vizag unit-V
The pre-approval inspection (PAI) conducted by the United States Food & Drug Administration (USFDA) at company’s manufacturing facility at Unit-5, Parawada, Visakhapatnam, Andhra Pradesh from 24th October 2022 to 28th October 2022
The company has received the Establishment Inspection Report (EIR) from USFDA.
Laurus Labs has touched 52-week low of Rs 347.10 and was quoting at Rs 352.75, up Rs 1.25, or 0.36 percent.
Rail Vikas Nigam forms two JVsRail Vikas Nigam (RVNL) has formed two JVs viz., Bengaluru Mmlp Private Limited and Chennai MMLP Private Limited.The company has signed MoU with National Highways Authority of India (NHAI) in connection with Construction of Multi Modal Logistics Parks across PAN India under Bharatmala Pariyojana.
Market at 1 PMThe Sensex was down 25.05 points or 0.04% at 60833.38, and the Nifty was down 15 points or 0.08% at 18092.80. About 1593 shares have advanced, 1599 shares declined, and 128 shares are unchanged.
Aether Industries Q3 Results
Aether Industries has posted 37.8 percent jump in its Q3 net profit at Rs 35 crore versus Rs 25.4 crore and revenue was up 10.5% at Rs 167.1 crore versus Rs 151.2 crore, YoY.
Aether Industries was quoting at Rs 890.65, up Rs 17.80, or 2.04 percent.
Morgan Stanley View On Asian Paints:-Underweight rating, target cut to Rs 2,516 from Rs 2,674 per share
-Q3 earnings were below consensus on top line
-Expect changing industry dynamics & rising aggression on investments to drive de-rating
-Management maintained margin guidance in the 38-40 percent band
-Management widened EBITDA margin band to 17-20 percent from 18-20 percent, reported CNBC-TV18.
Tata Motors shares gains 2% on fundraising plansTata Motors share price rose 2 percent as company is planning to raise $500-600 million from global investors for the EV business, Economic Times reported.The carmaker has big plans to cement its presence in the EV segment with 10 new electric models by March 2026. It already commands bulk of the share of the EV segment in India.The report added that the company has reached out to several marquee investors, impact funds, sovereign wealth funds from the Middle East, Korea and Singapore, as well as Canadian pension funds.
Dollar muted as growth concerns mount, yen retreats
The US dollar loitered around its seven-month lows on Friday as fears of an economic slowdown dented risk appetite, while the yen eased even as speculation swirls that the Bank of Japan (BOJ) will eventually move away from its ultra-easy policy.
The dollar index, which measures the U.S. currency against six peers, rose 0.098% to 102.12, not far off the seven-month low of 101.51 it touched on Wednesday.
The index is down 1.3% this year after sinking 7.7% in the last three months of 2022 as investors bet that the Federal Reserve will slow the pace of its interest rate rises.
Bata India appoints Anil Somani as CFO
Anil Somani is appointed as new Chief Financial Officer of Bata India. He has over 25 years of experience in finance, strategy, compliance, information management and business development functions.
Bata India was quoting at Rs 1,574.95, down Rs 11.25, or 0.71 percent.
KPI Green Energy commissions a 25 MW solar power project
KPI Green Energy: The company has announced commissioning of 25 MWDC solar power project for Greenlab Diamonds LLP, Surat under its CPP business vertical. Company also appointed Salim Yahoo as Chief Financial Officer and announced the allotment of bonus equity share in the ratio of one bonus equity share against one existing equity share to the members.
KPI Green Energy was quoting at Rs 441.25, down Rs 4.00, or 0.90 percent on the BSE.