DSIJ Mindshare

GMR Infra on Monday informed the bourses that its subsidiary GMR Hyderabad International Airport Limited (GHIAL), has divested its 100 per cent stake in its subsidiary called Asia Pacific Flight Training Academy Limited (APFTAL) to a third party, for a token consideration.

Mishra Dhatu Nigam, one of the leading manufacturers of special steels and superalloys informed the bourses that it has secured an order amounting to Rs. 475 crore. The cumulative order book of the company during FY19 stood at Rs. 1,800 crore.

The board of Bharti Airtel approved the fundraising proposal to raise upto Rs. 32,000 crore through rights issuance and perpetual bond. This development seems to have given rise to negative investor sentiments and the stock dipped close to 4 per cent.

The current government is expected to increase infrastructure spending this year in view of the general election which in-turn is expected to take diesel consumption to record highs

The board of Directors of ABB India Ltd. recommended an interim dividend of Rs. 4.80 per share on 211,908,375 equity shares of face value of Rs. 2 each fully paid up for the year ended December 31, 2018.