Escorts Kubota appointed Harish Lalchandan to the role of chief commercial officer for the domestic tractor business for agri machinery with effect from Dec. 12.
The stock was trading 0.69% lower at Rs 2,270.45 per share.
Source: Bloomberg, Exchange filing
The impact of globalisation.
Rebalancing the world.
As rebalancing advances, multipolarity comes. The emergence of various power centres around the world.
The deeper globalisation gets, the more rebalancing and therefore more the emergence of multipolarity.
While the world changes, there are constant practices of international relations that remain at work.
Source: India Global Forum, UAE 2022
Out of the stocks compiled by the NSE Nifty 50 Index, 29 advanced while 20 declined.
Divi's Laboratories Ltd., Coal India Ltd., IndusInd Bank Ltd., BPCL Ltd., and Nestle India Ltd. were the top gainers amongst the NSE Nifty 50 constituents.
Whereas, the Asian Paints Ltd., Infosys Ltd., Eicher Motors Ltd., Cipla Ltd. and Sun Pharmaceuticals Ltd. were the top laggards in the gauge.
The broader market indices; S&P BSE MidCap and S&P BSE SmallCap were outperforming their larger peers by 0.08% and 0.19%, respectively.
Out of the 19 sectoral indices complied by the BSE, 10 advanced while nine declined.
The market breadth was skewed in favour of the bulls. About 1,804 rose, 1,638 declined and 210 remained unchanged on the BSE.
Source: Bloomberg, Exchanges
Direct tax collection, net of refund, stands at Rs 8.77 lakh crore.
Collection is 24.26% higher than the corresponding period of the preceding year.
61.8% of Budget estimates for FY23 tax revenue already achieved, says Finance Ministry.
Source: Finance Ministry Twitter
The broader market indices; S&P BSE MidCap and S&P BSE SmallCap mirrored their larger peers by 0.53% and 0.37%, respectively.
Out of the 20 sectoral indices complied by the BSE, 18 declined while only S&P BSE Fast Moving Consumer Goods advanced.
The market breadth was skewed in favour of the bears. About 1,105 rose, 1,636 declined and 152 remained unchanged on the BSE.
Source: Bloomberg, Exchanges
Hindustan Oil Exploration Co. resumed oil production from D-1 well in its B-80 field, located in western offshore, after arresting a leak in the SCSSV control line.
Currently, the flow rate of oil and gas of both D1 and D2 wells are lesser than the capacity of the wells.
Production is restricted due to capacity limitation of the test separator through which the fluids pass. Once the high-pressure separator is online, the production from the wells will be ramped up to its intended capacity.
Source: Exchanges
VA Tech Wabag received a repeat order to upgrade Purolite S.R.L's industrial wastewater treatment plant in Romania worth €30 million (approx. Rs 260 crore).
The contract includes design and engineering, equipment supply, installation, commissioning and start-up of the Purolite Victoria wastewater treatment plant.
The project will be executed over 24 months.
The upgrade will include additional pre-treatment, extension of existing lamella clarifiers and new reverse osmosis stage.
Source: Exchange filing
Yield on the 10-year bond rose 3 bps to 7.32% in early trade.
Source: Bloomberg
MTAR signs agreement with IN-SPACe for a satellite launch vehicle.
MTAR Technologies has signed an MoU with IN-SPACe India for the design and development of a small satellite launch vehicle.
The MoU will remain in force for three years.
Source: Exchange filing
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