Shares with face value of Rs 10 each will be splt into two shares of Rs 5 each, raising the authorised share capital to Rs 30 crore from Rs 15 crore.
Shareholders will receive one share for each share held with 1:1 bonus, increaing company's issued capital to Rs 27.04 crore.
Source: Exchange filing
Hazoor Multi Projects has received approval to start the construction of Samruddhi Expressway in Nasik for Rs 119.18 crore.
Source: Exchange filing
Bank will issue Basel III-compliant additional Tier 1 and Tier 2 bonds, up to an amount of Rs 50,000 crore.
The funds will be raised through private placement on the government's approval.
Source: Exchange filing
Equity mutual funds see net inflow of Rs 3,240.20 crore in May compared with inflow of Rs 6,480.29 crore in April.
Multi-cap funds: Inflow of Rs 104.55 crore vs inflow of Rs 206.27 crore in April.
Large-cap funds: Outflow of Rs 1,362.28 crore vs inflow of Rs 52.63 crore in April.
Mid-cap funds: Inflow of Rs 1,195.65 crore vs inflow of Rs 1,790.98 crore in April.
Small-cap funds: Inflow of Rs 3,282.50 crore vs inflow of Rs 2,182.44 crore in April.
Industry posts total net inflow of Rs 57,420.56 crore in May versus an inflow of Rs 1.21 lakh crore in April.
Equity mutual funds see inflow of Rs 3,240.30 crore in May versus inflow of Rs 6,480.29 crore in April.
Debt mutual funds see inflow of Rs 45,959.03 crore in May versus inflow of Rs 1.07 lakh crore in April.
Hybrid mutual funds see inflow of Rs 6,092.85 crore in May versus inflow of Rs 3,316.99 crore in April.
Source: AMFI
The broader market indices outperformed its larger peers; the S&P BSE MidCap Index was up 0.24%, whereas S&P BSE SmallCap Index was higher by 0.26%.
Thirteen out of the 20 sectors compiled by BSE advanced, while seven sectors declined with S&P BSE Teck falling the most.
The market breadth was skewed in the favour of the sellers. About 1,832 stocks rose 1,531 declined, and 139 remained unchanged on the BSE.
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Zydus Lifesciences has started the phase 4 trial for Saroglitazar Magnesium effects on comorbid patients.
Saroglitazar Magnesium is used to treat non-alcoholic fatty liver disease.
Source: Exchange filing
Foreign Funds Are Coming To India Despite Expensive Valuations, Says Mirae's Rahul Chadha
Greenlam Industries expects annual revenue of Rs 400 crore from the facility.
The company has spent Rs 130 crore till commencement of the commercial production.
Source: Exchange filing
The broader market indices declined; the S&P BSE MidCap Index was up 0.16%, whereas S&P BSE SmallCap Index was higher by 0.35%.
Fifteen out of the 20 sectors compiled by BSE advanced, while five sectors declined with S&P BSE Metals falling the most.
The market breadth was skewed in the favour of the sellers. About 1,718 stocks rose 734 declined, and 92 remained unchanged on the BSE.
Source: BSE
At pre-open, the S&P BSE Sensex Index was down 37 points or 0.06% at 62,811.20 while the NSE Nifty 50 Index was 21 points or 0.11% higher at 18,655.90.
Source: Bloomberg
The yield on the 10-year bond opened flat at 7.01% on Friday.
It closed at 7.02% on Thursday
Source: Bloomberg
The local currency appreciated 8 paise to open at 82.49 against the U.S dollar on Friday.
The local currency closed at 82.57 on Thursday.
Source: Bloomberg
Dr. Reddy's Laboratories has been given U.S. FDA approval for cyclophosphamide
The drug is used used as chemotherapy and to suppress the immune system in certain cases
Source: U.S. FDA
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