DSIJ Mindshare

The shares of Dewan Housing Finance Corporation Limited (DHFL) plummeted more than 5 per cent this morning after the credit rating agency ICRA downgraded the company’s commercial papers to A2+ from A1+.

Power Mech Projects has bagged orders worth Rs. 202 crore for various projects including rail works in Kanpur, UP; LPG pipeline work in Mundra-Mithirohar, Gujarat; power cycle piping work at Thiruvallur, TN and O&M works of power unit at Khandwa, Madhya Pradesh.

The foreign direct investment (FDI) flows have seen a substantial drop and may record a full year decline for the first time since the Narendra Modi-led NDA took office in 2014.

Markets experienced jitters in the early morning session as Reuters reported Pakistan army's claims that the Indian Airforce bombed parts of Pak occupied Kashmir on Tuesday. BSE Sensex lost 322.27 points and was at 35,891.11 at 9:37 hours.

Overall volumes in futures & options currently stand at 98.60 lakhs contracts with a turnover of Rs. 6,24,373.57 crore.