News Overview

Sun Pharmaceutical Industries Ltd. on Tuesday announced that it has completed the acquisition of a controlling stake in Taro Pharmaceutical Industries Ltd.

Installed wind turbines generate green power mitigating 8.5mn metric tons of harmful CO2 emissions every year

The contract traded in the range of Rs 1 250.20 1 250.20 a quintal with volume so far recorded 10 tons. Wheat futures closed in a mix tone posting nominal up down movement on the National Commodity and Derivatives Exchange (NCDEX) platform Wednesday.

There will be speakers from a number of the major wireless and wireline operators and the TM forum.

The contract is currently trading at Rs 19335 down Rs 156 or 0.80 percent from the last close. The open interest in the contract added 2.63 percent to 13 761 tonnes indicating short selling. Volume traded as of now stood at 3 309 tonnes.

Company will be raising Rs18bn for the capacity and money will be raised through internal accruals

The surveillance process ensures ongoing monitoring of all sectors, and involves frequent interactions with issuers to understand trends and track actual performance against projections.

The top gainers in the telecom sector were Shyam Telecom (up 14.5%), Gemini Comm (up 9.1%), WWIL (up 8.8%) and TTML (up 0.9%).

Capital Expenditure proposal of Rs6.05bn for increasing the capacity Pig Iron plant by 3,75,000 MTPA along with expansion of Met Coke Plant and setting up Waste Heat Recovery Power Plant.

The top losers were Lloyds Metals (down 6.3%), SAIL (down 4.9%), Adhunik Metaliks (down 4.3%) and Tata Steel (down 4.3%).