Coal India gains 2 percentCompany recorded highest ever coal production in the first five months of the fiscal. April 1 – September 4 production increased by 44.6 MT, crossing previous high of 44.5 MT registered in FY16.In an exchange filing, Coal India said, “At the current pace of production, if mining areas are not excessively affected by heavy seasonal deluge in September, the company is hopeful of reaching close to the apportioned H1 target of 306 MT.”
Tamilnad Mercantile Bank IPO Subscription update
The public issue of Tamilnad Mercantile Bank received a decent response, getting subscribed 1.91 times so far on September 7, the final day of bidding. Investors have bought 1.66 crore shares against the offer size of 87.12 lakh shares as per the data available with exchanges.
Retail investors remained at the fore by booking their quota 4.66 times, while the portions set aside for non-institutional investors and qualified institutional investors were subscribed 1.73 times and 1.09 times respectively.
Max Ventures to acquire Acreage Builders for Rs 291.5 cr
Dreamfolks Services sees selling pressure on Day 2
#OnCNBCTV18 | Not looking to sell more stake in Syngene. Serum can invest additional $300 m in Biocon Biologics, says Siddharth Mittal of Biocon (@Bioconlimited) pic.twitter.com/9dNtcTYGZV
— CNBC-TV18 (@CNBCTV18Live) September 7, 2022
Suven Pharma promoters evaluating options to sell majority stake: Sources to CNBC TV-18
RBI confident of handling policy without major blips, says Sitharaman
India has been able to lower inflation to manageable levels in the last couple of months, the finance minister has said
Auto, financial stocks score more upgrades, tech faces more downgrades
Demand recovery is helping consumer-facing sectors while infra-themed and energy are bogged down by global slowdown.
Market At 12 PMSensex is down 190.11 points or 0.32 percent at 59,006.88. Nifty sheds 52.60 points or 0.30 percent at 17,603. About 1898 shares have advanced, 1205 shares declined, and 122 shares are unchanged.
HDFC Bank hikes lending rates by 10 bps across tenures
Tata Consultancy Services (TCS) has been selected by Nokia for new cloud-based human capital management process
Market At 11 AMSensex is down 385.10 points or 0.65 percent at 58,811.89. Nifty declines 108.40 points or 0.61 percent at 17,547.20
