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Mercator’s Promoter hikes stake in the company

Mercator’s Promoter and Executive Chairman, Harish Kumar Mittal has purchased 1,000,000 equity shares from the open market. With this acquisition, the total promoter holding in Mercator has increased to 31.17%. Mercator is one of India’s largest private sector Dredging Company. The group has a presence in varied segments namely shipping, ... Read More »

Karma Energy to acquire six Wind mills from Weizmann Forex

Karma Energy has decided to acquire the 6 Nos. of Wind mills together related land, other accessories and components from Weizmann Forex. The Board of Directors of the company at its meeting held on October 6, 2018, decided the same. The existing capacity is 34.95 MW installed in the states ... Read More »

Kuantum Papers gets nod to raise funds up to Rs 100 crore

Kuantum Papers has received an approval for raising of funds by way of issue of Secured Optionally Convertible Debentures through QIP up to an amount of Rs 100 crore. The Board of the company at its meeting held on October 06, 2018, approved the same. Kuantum Papers is engaged in ... Read More »

IndiGo planning to add new international destinations from November

InterGlobe Aviation (IndiGo) is planning to start flight operations to Male, Maldives and Phuket, Thailand from November. As part of its international expansion, the company will operate daily non-stop flights between Male-Kochi and five weekly service from Mumbai and twice weekly from Bengaluru. Besides, the company will also operate six ... Read More »

CARE Ratings reaffirms stable outlook on JSPL’s arm

CARE Ratings has reaffirmed stable outlook credit rating for Jindal Power, a subsidiary of Jindal Steel and Power (JSPL). The rating agency has reaffirmed stable outlook credit rating of ‘A-‘ to Jindal Power which operates the 3400 MW OP Jindal Super Thermal Power Plant at Tamnar, in the state of Chhattisgarh. ... Read More »

INOX Leisure to add 50-60 screens every year

INOX Leisure is planning to add 50 to 60 screens every year and scout for inorganic growth opportunity in the segment as part of its growth journey. Besides, the company is also looking to complete a pipeline of around 800 screens in next couple of years, which it has signed ... Read More »

GMR Infrastructure gains on the bourses

GMR Infrastructure is currently trading at Rs. 16.25, up by 0.25 points or 1.56% from its previous closing of Rs. 16.00 on the BSE. The scrip opened at Rs. 16.00 and has touched a high and low of Rs. 16.30 and Rs. 16.00 respectively. The BSE group ‘A’ stock of ... Read More »

Markets to open in red on weak Asian cues

The Indian markets continued their weak trade for second straight session to end near intra-day low level on Friday after the Reserve Bank of India (RBI) kept its repo rate unchanged at 6.5%, surprising street who had expected a 25-bps rate hike to defend the falling rupee. Today, the markets ... Read More »

Election Dates In Rajasthan, 3 Other States To Be Announced Today

The Election Commission will today announce the dates of the assembly elections in four states, Madhya Pradesh, Rajasthan, Chhattisgarh, Mizoram. The election date in Telangana is also likely to be announced today, according to sources. The Model Code of Conduct will come into force as soon as the announcement is made ... Read More »

US markets extend losses on worries about rising yields

Extending losses for second straight session, the US markets ended lower on Friday on worries about runaway inflation spurred by the sudden jump in US Treasury bond yields. Dow Jones Industrial witnessed its biggest one-day percentage drop since August, while both the S&P and the Nasdaq logged the biggest daily ... Read More »

F&O total turnover stood at Rs 7,69,990.23 crore on October 05

Futures & Options (F&O) total turnover stood at Rs 7,69,990.23 crore on October 05 and the total number of contracts traded on the day were 89,69,939. Of the total turnover, Index Futures contributed Rs 38,989.95 crore, Stock Futures Rs 64,077.79 crore and Index Options Rs 6,23,690.45 crore, while the contribution of ... Read More »

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