Last updated time: 17 March 2023, 08:16 IST
The Nifty futures contract traded on the Singapore bourse indicates positive/negative initiation of domestic stocks. The contract traded at 17,140, up 117.5 points or 0.69% from the previous close.
Adani Enterprises, Adani Power, Adani Wilmar
Adani Group shares will come out of NSE’s short-term supplementary watch after eight days. Margin on these securities is applied before ASM on all derivative contracts.
TCS
TCS Managing Director and CEO Rajesh Gopinathan has resigned “to pursue other interests” and will step down on September 15, 2023. K Krithivasan has been appointed as the Chief Executive Officer of Tata Consultancy Services, effective immediately. in the following fiscal year, he served as managing director and general director.
Zi
Zee Entertainment Enterprises has agreed to pay IndusInd Bank’s dues after the private lender withdraws insolvency proceedings against the media firm.
Mahindra and Mahindra
Mahindra Consulting Engineers, a subsidiary focused on engineering consulting services in the core areas of infrastructure, was sold to Artelia. A stake of 60.88% of M&M’s 11,51,000 shares was sold in one or more tranches for an amount of Rs 10.3 crore at a price of Rs 89.66 per share. Consequently, Mahindra Namaste, a 100% subsidiary of MCEL, also ceased to be a subsidiary of M&M.
Adani transmission
The transmission company has incorporated a new subsidiary, Adani Electricity Aurangabad, to apply for a parallel distribution license in the Aurangabad region.
Steel Board of India
The Board of Directors of SAIL has approved a dividend of Rs 1 at 10% on equity shares of face value of Rs 10 each. The record date is March 24.
Samvardhan Ana
Japanese promoter Sumitomo Wiring Systems sold nearly 5% stake in Samvardhana Motherson International Ltd in a block deal on Thursday.
NTPC
Malaysia’s Petronas has offered 3,800 million rupees ($460 million) to buy a 20 percent stake in the green energy unit of India’s largest power producer NTPC, in the first such deal by a state-owned firm, Reuters reported.
Railway Vikas Nigam
Rail Vikas Nigam Limited emerged as the lowest bidder for the 11 KV line project at a cost of Rs 111.85 crore.
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