Under the HAM framework, the government provides 40 per cent of the total cost while the remaining has to be raised in the form of equity or loan. The work order was valued at Rs 580 crore.

During December month, though, the company saw growth in production and sales volumes. However, on the whole, the volumes may be in a declining trend for the quater on YoY basis. 

Nifty is making fourth attempt to cross the level of 12,300 and in any case, the flat base breakout or closing above 12,300 means there would be another room for 100-175 points on the upside for the index. While a move below the 12,100 level would be the first sign of weakness. Stocks in news: Natco Pharma, JSW Energy, FDC, TCS, RITES.

Going by early indication on SGX Nifty, the bulls at Dalal Street may continue to be in a jubilant and triumphant mood and we believe that uncharted territory should be the theme of the day. As I write this piece, SGX Nifty is up by 20 points and trading at 12,356 level.

On Thursday, Rites announced that it had secured a major work from the Government of Bangladesh, amounting to US$14.01 million or Rs 99.94 crore. The order was received for the project management consultancy for the four-laning of the National Highway in Bangladesh.

On Thursday, CRISIL upgraded its rating on the long-term bank facilities of TV Today Network Limited (TVTN) from 'CRISIL AA-/Stable' to 'CRISIL AA/Stable' and reaffirmed its 'CRISIL A1' rating on the short-term bank facility.

On Thursday, Creative Peripherals announced that it has become the authorized distributor for a premium range of Panasonic audio products across the Western region of India, including Madhya Pradesh, Chhattisgarh, and Rajasthan.

ndian equity indices registered a healthy performance in Thursday's trading session. BSE Sensex and NSE Nifty settled for the day at 41,626.64 and 12,282.95, up by 0.78 per cent and 0.82 per cent, respectively.

Several reports are doing round in the markets, stating that Nirav Modi's assets mortgaged with Punjab National Bank (PNB) will be given back to the bank. Reacting to this news, the stock of the company increased by 3.09 per cent.