News Overview

The consensus estimates for IIP had been pegged closer to 2% considering that the Feb-21 IIP growth stood at -3.43%.

Export oriented stocks saw a jump with technology spending set to rise which saw the ‘Nikkei' trade higher by 300 points joined by a strong show by South Korea & Taiwan markets.

ACC will hold a meeting of the Board of Directors of the Company on 19 April 2022

Lupin announced today the completion of the acquisition of a portfolio of brands from Anglo-French Drugs Industries AFDIL and its Associates The acquisition will strengthen Lupins India Formulation business by adding a fast-growing portfolio of vitamins minerals supplements and neurological products The acquisition of the AFDIL brands takes Lupin further in shaping its portfolio to emerge as a leading pharmaceutical company in India

Canara Bank has executed a Share Purchase Agreement dated 06 April 2022 for sale of entire equity stake of 4Percentage in India SME Asset Reconstruction Company

Ester Industries has received upgrade in credit ratings from CRISIL as under Long term rating – CRISIL A Stable upgraded from CRISIL A- Stable Short term rating – CRISIL A1 upgrade from CRISIL A2

RS Software India will hold a meeting of the Board of Directors of the Company on 22 April 2022

Action Construction Equipment announced that ICRA has revised the long term rating to [ICRA] AA pronounced ICRA Double A from [ICRA]AA- pronounced ICRA Double A Minus and re-affirmed the short-term rating at [ICRA] A1 pronounced ICRA A One Plus The outlook on the long-term Rating has been revised to Stable from Positive

UTI Asset Management Company has allotted 388 equity shares under ESOS Post the aforesaid allotment the issued and paid-up share capital of the Company shall be increased from Rs 1269490410 126949041 equity shares of face value of Rs 10 each to Rs 1269494290 1269 49 429 equity shares of face value of Rs 10 each

ICICI Prudential Life Insurance Company has allotted 4560 equity shares of face value of Rs 10 each on 07 April 2022 under its employee stock option scheme