News Overview

Banking stocks were trading in green, with the S&P BSE BANKEX index increasing 1339.2 points or 3.46% at 40059.47 at 09:51 IST.

Auto stocks were trading in green, with the S&P BSE Auto index increasing 692.03 points or 3.08% at 23131.09 at 09:51 IST.

The company has acquired a 9.012% stake in Avaada for consideration of Rs7.90 crore.

Gufic Biosciences added 3.32% to Rs 230.3 after the pharmaceutical company announced that it is entering into a research and collaboration agreement with Selvax Pty to accelerate the commercialization of Selvaxs cancer immunotherapy treatment.

The group now has 329 approvals and has so far filed over 400 ANDAs since the commencement of the filing process in FY 2003-04.

The Company, which raised Rs14.41 crore of Equity in Dec’21 and is supported by 17 lenders, plans to add 6 branches by March 2022.

IRB Infrastructure Developers announced that a petition filed by NHAI challenging the Arbitral Award has been dismissed by the Honorable Delhi High Court and the Arbitral Award has been upheld. IRBGT is in the process of taking necessary steps for enforcement of the Arbitral Award. The Award amount is as follows: Termination payment on NHAI default – Rs 370.17 crore Amount already received against the […]

Incremental funding needs at ~Rs200-220 billion over FY2022-24, says ICRA. With the onset of the second wave of the pandemic and the later emergence of the Omicron variant, the recovery in passenger traffic remained gradual, in the current fiscal.

Coal India Ltd has added 13.67% over last one month compared to 3.6% gain in S&P BSE Metal index and 3.64% drop in the SENSEX

Kalpataru Power Transmission gained 3.6% to Rs 391.10 after the EPC company received a Letter of Intent (LoI) for power transmission and distribution project in international market.