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Corporates commit Rs 2.34 trillion to production-linked incentive scheme
India’s production-linked incentive scheme to encourage local manufacturing has generated investment commitments of Rs 2.34 trillion across 14 sectors, according to data from various ministries. The government expects the scheme to generate additional output worth Rs 28.15 trillion and 6. 45 million new jobs in the next five years. The total outlay for the scheme is Rs 1.97 trillion.
Reliance Industries touched a 52-week high of Rs 2,771, market cap close to Rs 19 lakh crore
Gold Price Updates:
Gold prices eased on Thursday as a rebound in U.S. Treasury yields tempered bullion’s safe-haven demGold,commodities,US bondand stemming from the Ukraine crisis and its potential impact on the global economy.
Spot gold was down 0.3% at $1,951.76 per ounce, as of 0300 GMT. U.S. gold futures were down 0.1% at $1,954.50.
BSE Realty index rose 1 percent led by the DLF, Sobha, Godrej Properties
RateGain Travel Technologies selected by Caesars EntertainmentRateGain Travel Technologies has been selected by Caesars Entertainment, Inc. (Caesars), the largest gaming company in the United States, to provide real-time rate intelligence to boost hotel performance, profitability, and RevPar, company said in its press release.
Rainbow Children’s Medicare IPO to start from April 27
Initial public offering (IPO) of Rainbow Children’s Medicare, a multi-speciality paediatric, obstetrics and gynaecology hospital chain, will run from April 27 to 29. The firm plans to allot shares on 5 May and list on 10 May.
The IPO comprises a fresh issue of Rs 280 crore and an offer for sale of up to 24 million shares by shareholders and promoters. Click To Read More
Campus Activewear IPO to open next week | 10 key things to know before subscribing public issue
Investors can bid for a minimum of 51 equity shares and in multiples of 51 shares thereafter. Retail investors can make a minimum investment of Rs 14,892 for one lot and their maximum investment would…
Gland Pharma Large Trade | Around 54.19 lakh shares (3.29% equity) of Gland Pharma worth Rs 1,741.35 crore change hands on the exchanges, reported CNBC-TV18.
Gainers and Losers on the BSE Sensex in the early trade:
Market Opens: Indian indices opened higher on April 21 with Nifty above 17,200 amid mixed global cues.
The Sensex was up 358.86 points or 0.63% at 57396.36, and the Nifty was up 105.60 points or 0.62% at 17242.10. About 1627 shares have advanced, 323 shares declined, and 54 shares are unchanged.
Apollo Hospitals, Coal India, Adani Ports, Maruti Suzuki and Bajaj Finance were among major gainers on the Nifty, while losers were Nestle India, Britannia Industries, Bajaj Auto, Hindalco Industries and Shree Cements.
Rupee Opens:
Indian rupee opened 9 paise lower at 76.29 per dollar on Thursday against Wednesday’s close of 76.20.
The rupee is expected to appreciate today amid a pullback in dollar from its two year high, easing crude oil prices and optimistic domestic market sentiments. However, sharp gains may be prevented on persistent FII outflows and worries over escalating geopolitical tensions, said ICICI Direct.
Also, investors will stay vigilant ahead of major central bank policymaker’s speeches to get hints on future monetary stance, it added.
