CG Power & Industrial Solutions Limited informed the bourses that the divestment process of its subsidiary, CG Service Systems France SAS (SEFR) has been completed on July 20, 2020, and with this, SEFR ceased to be a step-down subsidiary of the company.

Looking at the revenue aspect, this project is likely to generate revenue to the tune of around Rs 5,000 crore over the next five to seven years. Going ahead, this would result in further strengthening the cash flow and the balance sheet of the company.

The company has a few other foreign subsidiaries, which have reported losses in FY19. Bharat Forge Global Holding GmbH, Bharat Forge Kilsta AB, Mécanique Générale Langroise, and Bharat Forge PMT Technologie LLC have contributed to consolidated losses of the company.

Since registering a low on July 16, the bulls on Dalal Street are driving the markets higher as they have rallied close to 5 per cent. The early trend in SGX Nifty suggests that markets are on the verge for another positive opening.

The level of 11,180 is likely to act as immediate resistance and any move above this would result in a breakout of the channel. If Nifty sustains above this level, it may test the levels of 11,350-11,400 in the near term. Stocks in news: Sunteck Realty, BEML, Wipro, Info Edge.

BEML Limited informed the bourses on Tuesday that it has secured an order worth Rs 557 crore.  The acquisition wing of Ministry of Defence (MoD) has signed a contract with BEML for the procurement of 1,512 mine plough (MP) for tank T-90 S/SK

On Tuesday, the stock has formed ‘opening bullish Marubozu candle’, which indicates an extreme bullishness. Further, since the last two trading sessions, the volume is above the 50-day average, which is a sign of accumulation. The 14-period RSI on the daily timeframe has given a positive crossover and it is in bullish territory.

Continuing on Tuesday, bulls were witnessed maintaining their dominance over domestic benchmark indices as Sensex gained by 511.34 points or 1.37 per cent to close at 37,930.33 while Nifty rose by 140.05 points or 1.27 per cent to close at 11,162.25.

The debt-to-GDP ratio is attributable to the falling growth if it increases over four per cent. As a result of which, we would witness a contraction in the gross domestic product (GDP). Read on to find out more.

Tata Communications informed the exchanges on Tuesday that it has secured Type B licence in Kingdom of Saudi Arabia (KSA)