News Overview

A broad-based buying was witnessed with metal stocks outperforming and leading the rally.

ABB India has completed the incorporation of a wholly-owned subsidiary namely, Turbocharging Industries and Services India Private Limited, on January 31, 2022.

The company sees the challenge series as a perfect demonstration of Xtreme Engineering — where technology, engineering, and design come together to deliver the X factor in pace and performance.

The record date for the purpose of payment of dividend is Thursday, March 10, 2022.

The company further achieved double-digit growth of 12.62% as compared to last month, when the total sales stood at 3,951 units.

The company changed the credit rating agency from Brickwork Ratings to ICRA which assigned ratings for the bank loan facilities of Rs47 crore.

Goyal lamented that for decades India had been held back by lack of infrastructure development. Infrastructure that got created was built in bits and pieces and there was an utter lack of coordination between the Center, States and Local Bodies which resulted in uneven development with gaps, he added.

“We are happy to have lived up to our customers’ expectations and proactively help manage their emerging needs especially in these times,†said, Genius Wong, Chief Technology Officer, Tata Communications.

Under EU credit rating agency (CRA) regulation, the publication of sovereign reviews is subject to restrictions and must take place according to a published schedule, except where it is necessary for CRAs to deviate from this in order to comply with their legal obligations.

The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) was at 54.9 in February, up from 54.0 in January and signalling a stronger improvement in the health of the sector.