News Overview

Solar Industries India announced that CRISIL Ratings has reaffirmed the rating CRISIL AAStableCRICIL A1 for the bank facilities and commercial papers of the company

Inox Leisure has commenced the Commercial Operations of a Multiplex Cinema Theatre taken on Lease basis located at INOX Leisure 3rd Floor S Mall Sira Road Tumakuru 572106 Karnataka with effect from 01 March 2022 The said Multiplex Cinema Theatre has 5 screens and 1069 seats INOX is now present in 72 cities with 160 Multiplexes 675 screens and a total seating capacity of 152173 […]

Jaiprakash Power Ventures has received revision in credit rating from CRISIL BBB- ; Stable to CRISIL BBB- ; Positive for long term bank facilities of the company

Hindustan Petroleum Corporation has issued Unsecured Redeemable Non-Convertible Non-Cumulative Taxable Debentures of Rs1000000 each aggregating to Rs1500 crore on private placement basis on 28 February 2022 for funding of refinancing of existing borrowings andor funding of capital expenditure of the Issuer including recoupment of expenditure already incurred andor for any other purpose in the ordinary course of business of the Issuer

Pix Transmission has received revision in credit ratings from CARE as under Long term bank facilities – CARE A Short term bank facilities – CARE A1

Tube Investments of India has allotted 44184 equity shares under ESOP With this allotment the paid up equity share capital has increased from Rs 192906037 to Rs 192950221

Panacea Biotec announced that the asset purchase agreement has been executed on 28 February 2022 for the sale of pharmaceutical formulation brands of the companys material subsidiary Panacea Biotech Pharma in India and Nepal to Mankind Pharma for an aggregate consideration of Rs 1827 crore

Lupin announced the launch of Sevelamer Hydrochloride Tablets 800 mg having received an approval from the United States Food and Drug Administration FDA The product will be manufactured at Lupins facility in Nagpur India Sevelamer Hydrochloride Tablets 800 mg is a generic equivalent of Renagele Tablets 800 mg of Genzyme Corporation

Escorts Agri Machinery EAM in February 2022 sold 6114 tractors as against 11230 tractors sold in February 2021 a drop of 456 percent year-on-year Domestic tractor sales in February 2022 stood at 5686 tractors as against 10690 tractors in February 2021 The tractor industry wholesales continued to remain subdued in February 2022 due to high base of last year steep price increases due to higher […]

The Australian share market finished session lower on Tuesday, 08 March 2022, as investor sentiment was weighed down by worries about the impact of surging prices of crude oil and other commodities on the economy after the latest cease-fire talks between Russia and Ukraine made scant progress. At closing bell, the benchmark S&P/ASX200 fell 58.26 points, or 0.83%, to 6,980.33. The broader All Ordinaries index […]