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At meeting held on 19 October 2022

The domestic equity benchmarks ended with minor gains on Wednesday, extending gains for the fourth trading session. Oil & gas, FMCG and financial services shares advanced while IT, metal and PSU bank stocks declined. The Nifty opened higher and hit the days high of 17,607.60 in the mid-morning trade. It briefly slipped into the negative terrain to hit the days low of 17,472.85 in late […]

Vedanta announced that its subsidiary, Bharat Aluminium Company (BALCO) has been declared as the successful bidder for Barra Coal Block, located in Raigarh district, Chhattisgarh under Tranche IV of the commercial coal block auction conducted by Ministry of Coal. The coal block is an optimal fit for BALCO, given its logistical location. The block has estimated reserves of 900 million tonnes. Once operational, it will […]

Nifty IT index closed down 0.90% at 28060.35 today. The index has added 5.00% over last one month. Among the constituents, L&T Technology Services Ltd fell 4.90%, HCL Technologies Ltd shed 1.34% and Infosys Ltd slipped 1.21%. The Nifty IT index has decreased 24.00% over last one year compared to the 4.92% fall in benchmark Nifty 50 index. In other indices, Nifty Metal index has […]

Adani Defence Systems and Technologies (ADSTL) – a wholly owned subsidiary of Adani Enterprises has signed definitive agreement on 18 October 2022 to acquire 69.41% stake in Air Works India (Engineering) (AWIEPL). The cost of acquisition would be at enterprise value of Rs 400 crore. Powered by Capital Market – Live News

Cipla has allotted 47,894 equity shares under ESOS. Consequently, the issued, subscribed and paid-up share capital of the Company stands increased to Rs 1,61,40,98,994 comprising of 80,70,49,497 equity shares of face value Rs 2 each. Powered by Capital Market – Live News

Mahindra Logistics has allotted 10,866 equity shares of face value of Rs. 10/- each, fully paid up, on exercise of Restricted Stock Units (?RSUs?) under the Mahindra Logistics Employee Restricted Stock Unit Plan 2018 (?RSU Plan 2018?). Consequent to the above allotment, the issued, subscribed and paid-up share capital of the Company has increased to Rs. 71,96,68,440/- (comprising of 7,19,66,844 equity shares of Rs. 10/- […]

CG Power and Industrial Solutions reported 11.3% fall in consolidated net profit to Rs 178.97 crore despite a 16.7% increase in revenue from operations to Rs 1,696.27 crore in Q2 FY23 over Q2 FY22.

Record date is 11 November 2022

Business Wire IndiaCyril Amarchand Mangaldas advised Vistaar Financial Services Private Limited (Vistaar); and its founders Mr. Brahmanand Hegde, and Mr Ramakrishna Nishtala (Founders), on the proposed acquisition of a majority stake in Vistaar by Warburg Pincus. Vistaar is a leading NBFC focused on lending to MSME businesses in India.   The General Corporate, Capital Markets, Competition Law Practices of Cyril Amarchand Mangaldas advised for Vistaar; […]