DCM Shriram Industries Ltd. have constituted a committee of independent directors/non-executive directors under the company's chairman to explore the possibility of restructuring the ccompany's operations with a view to unlock growth potential and shareholders' value.
Shares of the company jumped as much as 4% on the announcement.
Apollo Tyres Ltd., in the meeting of board of directors scheduled on Aug. 12 will consider the issue of non-convertible debentures through private placement within the limits approved by members in the July 11 AGM.
New Rules May Pull Rug Out From India’s Bid to Boost Market
US Futures Edge Higher as Traders Assess Fed Hikes: Markets Wrap
Shares of Hindustan Copper Ltd. gained as much as 6.3% to Rs 110.7 apiece. This is the most the stock has gained in seven weeks.
Trading in the company's call options was double the average.
As of July 25, as many as 21 posts of Chairman/Managing Directors of central public sector enterprises were vacant, MoS Finance Bhagwat Karad said in a parliament reply.
ONGC, IRCTC, Oil India, Shipping Corporation of India, Bharat Electronics, HUDCO among those running without a CMD.
Mukesh Ambani Says The Process Of Globalisation Has Hit A Wall
UpGrad has raised $210 million in a fresh round of fundraise from marquee investors and family offices.
ETS Global, Bodhi Tree, family office of Bharti Airtel, Narotam Sekhsaria family office (Ambuja Cements and ACC) and Artisan Investments (family office of Lakshmi Mittal - ArcelorMittal) along with existing investors Temasek, IFC and IIFL participated in the round.
Founder group also invested $12.5 million in this round to maintain their over 50% ownership.
Source: Press statement
The IPO consists of a fresh issue worth Rs 625 crore and an offer for sale of up to 1.7 crore shares.
It had earlier filed draft papers in May last year for an IPO with a fresh issue of Rs 330 crore and an offer for sale of Rs 1,000 crore.
Shares of JSW Energy Ltd. rose as much as 9.1%. Trading volume for the stock was six times the average for this time of the day.
The tock was the best performer among its peers.
Bharti Airtel has 29.7 lakh shares change hands.
Reliance Industries has 41.3 lakh shares change hands.
Indian Oil has 33.3 lakh shares change hands.
Hindustan Unilever has 11.1 lakh shares change hands.
Hindalco has 18.2 lakh shares change hands.
GAIL has 18.3 lakh shares change hands.
Mahindra & Mahindra has 11.8 lakh shares change hands.
Larsen & Toubro has 10 lakh shares change hands.
Bharat Petroleum Corp. has 11.8 lakh shares change hands.
ICICI Bank has 71.8 lakh shares change hands.
Infosys has 45.5 lakh shares change hands.
HDFC has 23.2 lakh shares change hands.
NTPC has 53.4 lakh shares change hands.
SJVN: The company has bagged 200 MW Solar Project at Rs 2.90/unit on build, own and operate basis from Maharashtra State Electricity Distribution Company. The tentative cost of construction / development of this project is around Rs 1,200 crore and the PPA shall be signed for 25 years.
Indian Bank: The bank revised Repo Benchmark Rate for all loans from 4.9% to 5.4% and Repo Benchmark Lending Rate from 7.7% to 8.2%. The revision in rates is effective from Aug. 6.
NTPC: The company commissioned 250 MW Kolyat, Bikaner Solar PV Project at Bikaner, Rajasthan. With this, the company’s installed and commercial capacity will become 69,433 MW.
Adani Ports & SEZ, Bharti Airtel, Power Grid Corporation, Borosil, Vedant Fashions, Whirlpool of India, Torrent Power, Suven Pharmaceuticals, Astrazeneca Pharma India, Indian Hotels, Housing & Urban Development Corporation, Gujarat Narmada Valley Fertilizers & Chemicals, Delhivery, City Union Bank, KRBL, JK Tyres & Industries, IRCON International, Renaissance Global, Rainbow Children's Medicare, Narayana Hrudayalaya, NSECO, National Aluminum, Samvardhana Motherson International, Mirza International, Subex, Sun Pharma Advanced Research, Sequent Scientific
Stock Market Today: All You Need To Know Going Into Trade On Aug. 8