To strengthen the presence in the country's new financial & technology gateway, Kotak Mahindra Bank Limited (KMBL) today announced that it has signed a Memorandum of Understanding (MoU) with GIFT SEZ Limited (GIFT SEZ), enabling both to work together towards greater enhancement of the financial services eco-system in GIFT IFSC for AIFs and Global Custody Services.

SMS Pharma is a global player in API and intermediates manufacturing having a strong research and manufacturing team supported by state-of-the-art facilities.

Asian Paints on Thursday reported a growth of 25 per cent in topline at Rs 8527.24 crore from Rs 6788.47 crore reported in the same quarter last year. But the company failed to translate it into the bottom line with a net profit of Rs 1,016.33 crore for the December quarter, a fall of 18 per cent from Rs 1,240.10 crore reported in the same quarter last year. 

The Indian indices slipped further down into red territory in Thursday's trading session. Today the FII net selloff was recorded at Rs 2,704.77 crore and DII outflow of Rs 195.07 crore was recorded. Markets witnessed a sharp selloff during the major part of the trade, as across the board profit booking weighed in. 

The Nifty 50 put call ratio (PCR) closed at 0.76 for the day. 

On Thursday, continued concerns over global inflation and predicted hike in Fed rates acted as the major triggers for the domestic market to fall for the third consecutive day.

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 It has been a disappointing weekly expiry for Nifty as it slipped about a per cent. Moreover, Sensex tanked 569 points. 

BSE Small-cap index held its ground, closing the volatile session at 30,565.63 with marginal gains of 14.48 points i.e. 0.05 per cent.  

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