News Overview

Record date is 29 April 2022

Ultratech Cement said that its wholly owned subsidiary in UAE, UltraTech Cement Middle East Investments, has invested in 29.39% equity share capital of RAK Cement Co. for White Cement and Construction Materials PSC.

The benchmark indices extended heavy losses and hit the days low in mid-morning trade. IT stocks dragged after Infosys reported lower-than-expected Q4 results. HDFC twins were also under pressure after HDFC Banks Q4 earnings fell short of expectations. Weak global cues and a steep rise in fresh Covid cases in India also dampened investors sentiment. At 11:30 IST, the barometer index, S&P BSE Sensex slumped […]

The production of other important minerals showing negative growth include: Limestone (-0.5%), Gold (-2.1%), Petroleum (crude) (-2.2%), Lead conc (-14.0%), Manganese ore (-17.3%), Copper conc (-19.8%) and Chromite (-33.1%).

SIS proposes to invest Rs5 crore for acquisition of 7.65% shareholding (7,773 shares) on a fully diluted basis in Compulsorily Convertible Preference Shares.

The company has informed that its current Joint Managing Director, Kapil Agarwal, is turning 62 years this year and has decided to step down from active management and from his role.

For biopharmaceutical and contract research organizations

Jindal Steel & Power registered steel production of 8.01mt and sales of 7.63mt in FY22.

Ratnamani Metals & Tubes has received new domestic and export orders of Rs 308 crore and Rs 30 crore respectively aggregating to Rs 338 crore during the fortnight, to be executed within financial year 2022-23. Powered by Capital Market – Live News

This is the second time during the current year that the auto sector has surged prices.