Parason has collaborated with ABB in India to automate and up-scale production of sustainable and compostable packaging solutions.
Parson is a manufacturer & supplier of pulp and paper machinery.
ABB robots, integrated with Parason’s machinery, will help to facilitate the effective manufacturing of agro-waste products and increase equipment effectiveness by 30%.
This collaboration aims to support India’s ambition to reduce 3.5 million tonnes of plastic waste per year.
Source: Exchange Filing
The broader market indices were mixed; S&P BSE MidCap was down 0.30% whereas S&P BSE SmallCap was higher by 0.17%.
Fourteen out the 19 sectors compiled by BSE advnced, whereas five sectors declined in trade.
The market breadth was split between the buyers and sellers. About 1,678 stocks rose 1,621 declined, and 141 remained unchanged on the BSE.
Anupam Rasayan has signed Letter of Intent worth revenue of Rs 984 crore for next 6 years with a Japanese chemical company.
It will supply new age advance intermediate for life science active ingredient which will be manufactured for the first time in India.
The product will be manufactured in its existing as well as upcoming multipurpose manufacturing facilities.
Source: Exchange Filing
The broader market indices ended marginally lower; S&P BSE MidCap was down 0.33% whereas S&P BSE SmallCap was lower by 0.06%.
Elevel out the 19 sectors compiled by BSE declined, whereas eight sectors advanced in trade.
The market breadth was split between the buyers and sellers. About 1,466 stocks rose 1,143 declined, and 111 remained unchanged on the BSE.
Source: BSE
Glenmark Pharmaceuticals Ltd. received final approval by the United States Food & Drug Administration for Calcipotriene and Betamethasone Dipropionate Foam; the generic version of Enstilar.
Glenmark is eligible for 180 days of generic drug exclusivity for these drugs as it was the first ANDA applicant to submit a substantially complete ANDA with a paragraph IV certification.
Source: Exchange Filing
At pre-open, the S&P BSE Sensex Index was down 153 points or 0.26% at 58,061.41 while the NSE Nifty 50 Index was 55 points or 0.32% lower at 17,097.40.
Source: Exchange Filing
Kalpataru Power Transmission Ltd. and its international subsidiaries have secured new orders worth Rs 2,477 crore.
Orders in the T&D business are of Rs 1,181 crore in India and overseas markets.
EPC projects in the water business are worth Rs 1,296 crore.
Source: Exchange Filing
The yield on the 10-year bond declined by 3 bps to 7.30% at open on Thursday. It closed at 7.33% on Tuesday.
Source: Bloomberg
The local currency strengthens by 27 paise to open at 82.40 against the greenback on Thursday. It closed at 82.67 on Tuesday.
Source: Bloomberg
Asian Equities Under Pressure, Bond Yields Decline: Markets Wrap
Max Financial Services' Promoter Entity Sells Shares Worth Rs 94 Crore
First Republic Slips Lower While Eyes Turn To Rescue Talks
Fed Hikes Rates By 25 Basis Points: How That Could Impact Indian Markets
Powell Stresses Commitment To Cooling Prices As Fed Hikes Rates
Five Key Takeaways From Fed’s March Decision To Raise Rates A Quarter Point
Adani Power Stock To Be Put Under Additional Surveillance Again
What Wall Street Had To Say About The Fed’s Rate Hike