DSIJ Mindshare

Jindal Stainless Limited (JSL) is launching a nationwide co-branding initiative with Pipes & Tubes (P&T) manufacturers in order to curb its counterfeit products. As per the management's estimates, 25 per cent of pipes and tubes sold annually in India bear the counterfeit branding of JSL.

Annai Infra Developers received a nod from the market watchdog Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). 

Edelweiss Financial Services tanked more than 12 per cent as the market was rife with news that the company is planning to sell stakes in its wealth management business. The company has been losing ground since its received credit ratings downgrades.

Aditya Birla Money Limited (ABML) was buzzing on the bourses following the company's results announcement on Wednesday. The company's net profits in Q1FY20 were up by 73.6 per cent compared to Q1FY19.

Tata Elxsi Limited reported results for the quarter ended June 30, 2019 on Wednesday during market hours. The company's standalone revenue for Q1FY20 came in at Rs. 361.71 crore as against Rs. 382.03 crore in the corresponding quarter last year, registering 5.3 per cent yoy decline.