News Overview

Tata Steel Long Products has further acquired 4,68,75,000 equity shares of Rs10/-each at a premium of Rs 54 per share, of Neelachal Ispat Nigam (NINL), a subsidiary of the Company, for an amount aggregating to Rs 300 crore, being Tranche 2 of the investment in the equity shares of NINL. The proposed funding will be utilized towards the initial working capital and capex requirement of […]

Tube Investments of India surged 3.22% to Rs 2,686 after the company said it acquired 50% equity stake in X2Fuels and Energy (X2Fuels).

The current market cap of the company is Rs2,296.24 crore.

With immediate effect

The company is investing in the company for the expansion of FCL and LCL business in an important market with a synergistic and capable partner.

NBCC (India) announced the appointment of Ashish Upadhyaya, SS&FA, Ministry of Housing and Urban Affairs (MoHUA) and Ravi Kumar Arora, Joint Secretary (L&E), MoHUA as Nominee Directors with immediate effect. They replace Shaym Sunder Dubey, former JS & FA, MoHUA and Kamran Rizvi, former Additional Secretary (D&UT), MoHUA respectively. Powered by Capital Market – Live News

Capital Goods stocks were trading in the positive zone, with the S&P BSE Capital Goods index rising 321.1 points or 0.95% at 34062.25 at 09:45 IST.

Industrials stocks were trading with gains, with the S&P BSE Industrials index increasing 57.99 points or 0.84% at 6929.2 at 09:45 IST.

Real Estate stocks were trading in green, with the S&P BSE Realty Index index rising 21.08 points or 0.6% at 3524.98 at 09:45 IST.

In this conversation with Sheetal Agarwal of IIFL, Abhishek talks about strategy that retail investors should follow in current markets. He also explains why he likes specialty chemicals, electric mobility, auto, banking and defense sectors.