Minda Industries announced on Friday that it has issued commercial papers of Rs 50 crore with an allotment date of March 18, 2021, which is due to mature on June 16, 2021. The company has issued these commercial papers to bring down the finance cost. 

The board of Aarti Drugs proposed to buy back up to 6 lakh equity shares of the company at Rs 1,000 per share. The aggregate consideration of the buyback shall not exceed Rs 60 crore.

Though HDFC AMC tops when it comes to AUM, Nippon India AMC tops in terms of performance. Read onto find out the best performing AMCs in February 2021.

A sumary of the most important economic news for the week including the US central bank's decision on interest rates

Bulls made a comeback at D-Street as domestic benchmark indices snapped their 5-day losing streak to end the week in the positive territory. On Friday, Sensex surged by 641.72 points or by 1.30 per cent, to close at 49,858.24 levels while Nifty jumped by 186.15 points or 1.28 per cent to settle at 14,744 levels. 

Russian Direct Investment Fund (RDIF) and the biopharmaceutical division of Strides Pharma Ltd namely, Stelis Biopharma Pvt Ltd have partnered together to produce & supply a minimum of 200 million doses of Russian COVID-19 vaccine, Sputnik V. 

The market opened in red on March 19, 2021.

Stelis Biopharma, a pharmaceutical division of Strides Pharma Science Ltd, announced today that it has successfully completed its series B & C fundraise which amounted to US$ 195 million. This fundraise reinforces the growth potential of the company and enables the company to pursue growth initiatives and scale-up its business further.

Dilip Buildcon Ltd has received a letter of acceptance (LoA) from National Highways Authority of India (NHAI) for the construction of two highways worth Rs 2,241 crore.

The market opened in red on March 19, 2021, overall volumes in futures & options currently stand at 9,84,90,136 contracts with a turnover of Rs. 92,56,631.31 crore.