Sensex jumps by nearly 500 points; Axis Bank gains by more than 6 per cent; Bajaj Finance remains the volume topper Sensex jumps by nearly 500 points; Axis Bank gains by more than 6 per cent; Bajaj Finance remains the volume topper DSIJ Intelligence / Wednesday, July 1, 2020 / Article rating: 5.0 Domestic benchmark indices closed higher with Sensex gaining by 498.65 points or 1.43 per cent at 35,414.45 while Nifty jumped by 116.20 points or 1.13 per cent to close at 10,418.30 level.
Dr Reddys partners with Fujifilm & Global Response Aid for COVID-19 drug Dr Reddys partners with Fujifilm & Global Response Aid for COVID-19 drug DSIJ Intelligence / Wednesday, July 1, 2020 / Article rating: 5.0 Dr Reddy’s has exclusive rights given by Fujifilm to manufacture the drug under the tripartite agreement signed on June 30, 2020.
Fiscal deficit touches 59 per cent of full-year target in May Fiscal deficit touches 59 per cent of full-year target in May Amir Shaikh / Wednesday, July 1, 2020 / Article rating: 4.8 The fiscal deficit during the first two months of the current financial year widened to Rs 4.66 lakh crore, which is nearly 58.6 per cent of Budget estimates
Eight core sectors dip 23 per cent in May 2020 Eight core sectors dip 23 per cent in May 2020 Amir Shaikh / Wednesday, July 1, 2020 / Article rating: 5.0 Eight core sectors witnessed 23.4 per cent YoY contraction in May 2020, led by the nationwide lockdown to prevent the spread of COVID-19. Among eight core sectors, coal production has 10.33 per cent weight, which dipped 14 per cent YoY in May 2020
JSPL Mauritius to divest entire stake in Oman asset JSPL Mauritius to divest entire stake in Oman asset Apurva Joshi / Wednesday, July 1, 2020 / Article rating: 4.0 Jindal Steel & Power Limited’s subsidiary at Mauritius (JSPML) is set to divest its entire stake in its Oman asset, Jindal Shadeed Iron and Steel Co LLC (JSIS Oman) to Templar Investments Limited.
NTPC trades lower despite addition of commercial capacity NTPC trades lower despite addition of commercial capacity Pratik Shastri / Wednesday, July 1, 2020 / Article rating: 5.0 While the NTPC group's commercial capacity stood at 52,866 MW at the end of FY19, it was at 51,391 MW in FY18. This indicates that it has recorded a growth of seven per cent CAGR over the past three years.
Escorts tractor volume shoots up by 64.6 per cent month-on-month Escorts tractor volume shoots up by 64.6 per cent month-on-month DSIJ Intelligence / Wednesday, July 1, 2020 / Article rating: 4.3 The month-on-month sales shot up impressively by 64.6 per cent. The sales in May 2019 stood at 6,594 tractors.
Keep rational return expectation from your investment Keep rational return expectation from your investment DSIJ Intelligence / Wednesday, July 1, 2020 / Article rating: 5.0 Investors should always have a rational return expectation from the investment and should avoid chasing big numbers.
SSWL secures 10,700 wheels export order for US caravan trailers SSWL secures 10,700 wheels export order for US caravan trailers Apurva Joshi / Wednesday, July 1, 2020 / Article rating: 3.8 Steel Strips Wheels Limited (SSWL) secured firm export orders for over 10,700 wheels for US caravan trailer market. This order is worth USD 1,70,000 and will be executed from its Chennai plant in the month of July and August.
Airtel's data centre business to receive US$ 235 million from Carlyle Group Airtel's data centre business to receive US$ 235 million from Carlyle Group DSIJ Intelligence / Wednesday, July 1, 2020 / Article rating: 5.0 A joint statement by the two companies on Wednesday stated that US-based Carlyle Group will invest US$ 235 million in Airtel's data centre business, Nxtra Data.