DSIJ Mindshare

BASF has entered into a business transfer agreement with Archroma India. The shares of the company closed on a negative note, losing 3 per cent at Rs. 1246.

Reliance Industries Ltd (RIL) has joined hands with Turkey's textile behemoth, Kıvanç Tekstil, to manufacture and market R|Elan GreenGold, a sustainable and innovative fabric 2.0, for leading apparel brands and consumers across the world. 

As the Sensex fell by 793 points and Nifty settled below the 11,600 level, the stocks to watch out on July 9 include Voltas, BASF India, Eris Lifesciences, Reliance Industries, Mindtree and Punjab National Bank.

Although the account was already NPA in its books, the bank has so far only made provisions amounting to Rs.1932.47 crore, which is nearly half of the amount of the NPA.

The downward revision was triggered by the lower-than-expected cash accruals, leading to low coverage and return indicators and slower than expected deleveraging at the consolidated level, which has led to weakening of the company’s overall financial and liquidity profile.