News Overview

Barometers traded in a narrow range with modest losses in mid morning trade. The Nifty hovered at the 17,000 mark. Banks and auto shares bucked the broader selloff. At 11:26 IST, the barometer index, S&P BSE Sensex declined 459.27 points or 0.8% at 56,737.13. The Nifty 50 index fell 171.3 points or 1% at 17,000.65. The broader market traded with losses. The S&P BSE Mid-Cap […]

On 29 April 2022

On 2 May 2022

On 17 May 2022

On 29 April 2022

Linde India bought 1.13 crore equity shares or 26% stake in Avaada MHYavat for a cash consideration of Rs 11.40 crore to help the company purchase renewable power under the captive mechanism, resulting in a lower tariff and consequent cost savings.

The company’s consolidated PAT for FY22 stood at Rs461.83 crore, up by 27.3% yoy, as against Rs362.71 crore in FY21.

JBM Auto signed an agreement to purchase the balance 30,15,343 equity shares or 20.10 % stake of JBM Solaris Electric Vehicles for a cash consideration of Rs 84.50 lakh from the Joint Venture partner, Solaris Bus & Coach SP. Z O.O.

Post this the total capacity of tile manufacturing at Kassar Plant has increased to 23.32 million squares meters per annum.

Asian Granito Indias rights issue is open for subscription for its shareholders. The issue opens on April 25 and will close on May 10. Company is raising Rs. 441 crores through the rights issue to fund its Mega Expansion Plans Value Added Luxury Surfaces & Bathware Segments including GVT Tiles, Sanitaryware and SPC Flooring etc. Equity Shares under the Rights Issue are offered at a […]