News Overview

Genus Power Infrastructures hit an upper circuit limit of 5% at Rs 106 after the company said it bagged an order worth Rs 828.57 crore from state utility for 10 lakhs smart prepaid meters.

Vinati Organics has subscribed to the additional 51,00,000 fully paid-up equity shares of face value of Rs.10/- each at par amounting to Rs. 5.10 crore by way of subscription towards the rights issue of Veeral Organics, the wholly owned subsidiary of the Company, rank pari passu to its existing equity shares. Powered by Capital Market – Live News

West Texas Intermediate crude bounced above $105 levels. Crude prices steadied around the levels as investors weighed up tightening Russian supplies and the prospect of dwindling fuel demand in China amid economic woes. Meanwhile, The EIA noted in its latest weekly update that US crude oil imports averaged 5.9 million barrels per day last week, up by 98,000 barrels per day from the previous week. […]

Company reported revenue of Rs4,936 crore in FY22, up by 3% yoy against FY21.

Varroc Engineering Ltd, General Insurance Corporation of India, Shriram Transport Finance Company Ltd and Mahindra Holidays & Resorts India Ltd are among the other gainers in the BSEs A group today, 29 April 2022.

Axis Banks net profit rose 54% to Rs 4,117.77 crore on 16% increase in total income to Rs 21,999.58 crore in Q4 March 2022 over Q4 March 2021.

Mphasis rose 1.66% to Rs 2,841.05 after the companys consolidated net profit jumped 9.61% to Rs 392.07 crore on a 4.92% increase in revenue from operations to Rs 3,277.67 crore in Q4 FY22 over Q3 FY22.

This collaboration between GE Power Conversion and BHEL, characterizes the UK’s commitment to partner with India in support of India’s Atmanirbhar Bharat programme.

This is the single largest order finalized by any state utility in the country for AMISP.

On 02 May 2022