Jindal Steel & Power becomes regular supplier of Indian Railways; stock gains 59.83 in a year
Jindal Steel & Power becomes regular supplier of Indian Railways; stock gains 59.83 in a year
Jindal Steel & Power Limited (JSPL) is a conglomerate operating in the steel, power, mining & infrastructure sector. The company has become the first-ever private company to get the stamp of ‘regular supplier’ from the Indian railways. JSPL would be supplying 60 kg of 880-grade prime (90 UTS) rails, which has been approved by Research Design & Standards Organisation (RDSO) as well as by the Ministry of Railways.
Post JSHL merger, Jindal Stainless to be among top 10 stainless steel companies worldwide
Post JSHL merger, Jindal Stainless to be among top 10 stainless steel companies worldwide
Jindal Stainless Limited (JSL), the largest manufacturer of stainless steel in India as well as the parent company of Jindal Stainless (Hisar) Ltd (JSHL) announced on Tuesday about the merger of JSHL with JSL.
Zydus Cadila seeks phase III approval; drops after a strong opening
Zydus Cadila seeks phase III approval; drops after a strong opening
After approving Sputnik-V from Dr Reddy’s Lab and Covaxin from Bharat Biotech, ZyCoV-D is the next one in line seeking permission to start phase III trials.
eClerx announces acquisition of Personiv; stock gains by nearly 22 per cent in a month
eClerx announces acquisition of Personiv; stock gains by nearly 22 per cent in a month
eClerx Services announced that it is acquiring Eclipse Global Holdings LLC (Personiv), which is an Austin, Texas-headquartered company having its operations in business process management & services, with a special focus on the outsourced accounting space.
Stocks that are likely to record significant movement on bourses today
Stocks that are likely to record significant movement on bourses today
Market on Wednesday ended in the green, overshadowing the global sentiment due to a new strain of COVID-19 found in the UK. Sensex went up by 0.95 per cent, a hike of 437.49 points, and settled at 46,444.18. Nifty too gained, 134.8 points, a 1 per cent gain at 13,601.10. It proved to be a good day for IT stocks with Infosys being one of the top gainers, followed by Hindustan Unilever and Mahindra & Mahindra.
Stocks that are likely to record significant movement on bourses today
Stocks that are likely to record significant movement on bourses today
On Tuesday, Sensex recovered from Monday's dip, by gaining 0.99 per cent and settling at 46,006.09. Nifty saw the highest jump of 1.03 per cent at 13,466.30 points.
Birlasoft beating reds; up by 200 per cent in 2020
Birlasoft beating reds; up by 200 per cent in 2020
Birlasoft has multiple verticals including energy, manufacturing, banking, financial services & insurance (BFSI). The company also provides digital transformation and integrated solutions to enterprises. The contribution from these verticals is divided and is not dependent on one particular industry thereby, making it a diversified portfolio.
ONGC begins oil extraction in Bengal Basin; stock tumbles 8 per cent
ONGC begins oil extraction in Bengal Basin; stock tumbles 8 per cent
Oil & Natural Gas Corporation (ONGC) undertook the process of producing oil during the weekend from the well Asokenagar-1, Bengal Basin in 24 Paragana district.
M&M plunges nearly 3 per cent post announcing price hike of tractors
M&M plunges nearly 3 per cent post announcing price hike of tractors
Taking into consideration the increasing commodity prices, Mahindra & Mahindra (M&M) announced on Monday that it is planning to increase the prices of its tractors. Reacting to this, the stock of M&M soon slumped nearly 3 per cent on BSE.
Page Industries gets WRAP recertification; surges more than 9 per cent
Page Industries gets WRAP recertification; surges more than 9 per cent
Page Industries has an exclusive licence of Jockey International Inc. for manufacturing, distribution & marketing its products in India, Bangladesh, Omar, Qatar, Sri Lanka, Nepal, Maldives, Bhutan, and UAE as well as of Speedo International Ltd but only in India.
Divis Lab records new 52-week high & a trillion-plus of market cap
Divis Lab records new 52-week high & a trillion-plus of market cap
Divi’s Laboratories, one of the largest active pharmaceutical ingredients (APIs) manufacturers in the world, gained more than 3 per cent per share on Thursday.
Cipla rises more than 4 per cent after settling over cancer drug Revlimid; earnings likely to boost
Cipla rises more than 4 per cent after settling over cancer drug Revlimid; earnings likely to boost
Cipla has settled its patent litigation with Celgene over the blockbuster cancer drug Revlimid. Celgene Corporation, a subsidiary of Bristol Myers Squibb, has agreed to provide Cipla with a licence to Celgene’s required patents. Cipla can then sell or manufacture certain volume-limited amounts of generic Lenalidomide in the United States sometime after March 2022.