Mar 18, 2024, 3:03 pm IST
Zomato Shares Rally As UBS Sees 22% Upside
Zomato shares soared 2.7% in morning trade on March 18 after analyst UBS reiterated its "buy" rating. UBS has maintained the target price at Rs 195, an upside of 22% from the previous session's close.Using data from the UBS Evidence Lab, UBS said across the industry, food delivery volumes were up around 4% in February from the previous month. This is in line with the seasonality, as delivery volumes saw a growth of 4% in February 2023 as well.
Mar 18, 2024, 1:58 pm IST
Brahmaputra Infrastructure Limited Receives LOA From NHAI
Brahmaputra Infrastructure Limited have received a LOA from the office of General Manager ( Tech.) – Ne NHAI, Ministry of Road Transport and Highways , Government of India for the execution of the Contract for Four Lane divided carriageway Road with paved shoulders configuration from km. 5+500 to km. 35.862 of NH-36 and km. 2.107 km Doboka Bypass in the state of Assam on PBMC Mode- Letter of Acceptance (LOA)- of a total amount Rs. 50.80 Crores.
Mar 18, 2024, 1:45 pm IST
Shriram Properties Sells 70% of Project Inventory in the Recently Launched “Codename Ultimate”
Shriram Properties has received an excellent response for its recently launched project “Codename Ultimate” near Electronic City, Bengaluru. This 400+ unit Balinese-themed project with an aggregate saleable area of ~5.0 lakh sqft is characterized by its tranquil and
harmonious ambiance that prioritizes open spaces. Mr Vivek Venkateswar, Chief Sales & Marketing Officer, Shriram Properties said, “We were confident of offering a very strong product for our customers which has been well received. Customers were delighted with the concept that the Project showcased, and its excellent value proposition. We are thankful to the customers for the confidence reposed and we remain committed to delivering considerable value”.
Mar 18, 2024, 1:20 pm IST
Happiest Minds awarded the ‘Best Tech for Security’ Award at the 3rd Edition of the IDEA Awards
Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a ‘Born Digital. Born Agile’, Mindful IT Company, today announced that it has been recognized with the ‘Best Tech for Security’ at the 3rd Edition of the Indian Digital Enabler Awards 2024 by Entrepreneur. Ram Mohan, President and CEO of IMSS, Happiest Minds, said, “Being conferred with the 'Best in Tech Security' award by Entrepreneur India reflects our unwavering dedication to delivering the highest service standards to our clients while keeping pace with industry shifts. At Happiest Minds, cyber security forms the cornerstone of our business innovations, and we remain dedicated to adopting new technologies and service delivery methodologies to stay ahead of the curve”.
Mar 18, 2024, 12:53 pm IST
Transindia Real Estate Limited Appoints New CEO, DJ Mediaprint & Logistic Limited Secures Orders From Axis Bank
Transindia Real Estate Limited has appointed Mr. Ram Walase as a Chief Executive Officer & Key Managerial Personnel of the Company. He has expertise in debt & equity investing in infrastructure & real estate assets, setting up new businesses & public-private partnerships, turning around companies, and executing projects. DJML to provide Secured stationery with MICR Printing. Non-MICR Printing and Variable data for 2 years from the date of contract.
Mar 18, 2024, 12:33 pm IST
Bajaj Finserv Secured Redeemable Non-Convertible Debentures on Private Placement basis
The Debenture Allotment Committee of the Company has at its meeting held today on 18 March 2024, allotted 50,000 Secured Redeemable Non-Convertible Debentures (‘NCD’), at the face value of Rs. 1 Lakh each, aggregating to Rs. 504.49 Crore. The funds raised through this issue will be utilized for the general business purposes of the Company including various financing activities, to repay our existing loans, investments for liquidity and statutory requirements, capital expenditure, and working capital requirements.
Mar 18, 2024, 12:04 pm IST
Gillette India Limited Appoints New Managing Director
The Board of Gillette India Limited has approved the appointment of Mr. Kumar Venkatasubramanian as the Managing Director of the Company for five years effective May 1, 2024, since Mr. L. V. Vaidyanathan will be leaving the Company to pursue other interests. Mr. Kumar Venkatasubramanian will be taking over from Mr. L. V. Vaidyanathan who has tendered his resignation as Managing Director and from Directorship of the Company effective close of business hours on April 30, 2024.
Mar 18, 2024, 10:43 am IST
Lupin claims the US FDA has issued Form 483 for the Aurangabad site with one observation.
The Lupin manufacturing facility located in Aurangabad was inspected by the US Food and Drug Administration (US FDA) from March 6 to March 15. The issue of a Form-483 with one (1) observation marked the conclusion of the inspection. The business is certain that it can handle the US FDA's concern and will do so as soon as possible.
Mar 18, 2024, 10:26 am IST
DroneAcharya Aerial shares increase by 5% per army directive
Following the company's acquisition of a contract to supply IT hardware for the Indian Army's drone lab in Jammu and Kashmir, DroneAcharya Aerial Innovations saw a 5% increase in share price in early trading on March 18.
It stated that the drone lab's need for IT hardware—such as CPUs, monitors, keyboards, and mice—will have a major impact on the setup and functioning of this cutting-edge facility.
Mar 18, 2024, 10:08 am IST
Sensex Today: 10:00 AM Market
The Nifty down 25.70 points, or 0.12 percent, at 21,997.60, while the Sensex fell 37.13 points, or 0.05 percent, at 72,606.30. A little over 1778 shares rose, 1315 shares fell, and 116 shares remained constant.
Mar 18, 2024, 10:00 am IST
Aurobindo Pharma Arm Announces Successful Phase 1 Clinical Study Outcome Of BP11 Product
CuraTeQ Biologics, a subsidiary of Aurobindo Pharma, has declared the positive results of the Phase 1 clinical study for its BP11 product. The biosimilar candidate Omalizumab, developed by CuraTeQ, has successfully met the trial endpoints compared to the EU and US reference product Xolair. The pharmacokinetics/pharmacodynamics (PK/PD) trial involved 165 healthy volunteers in Australia and New Zealand.
Mar 18, 2024, 9:52 am IST
Coforge Shares Decline After Board Approves Fundraise
Coforge shares witnessed a 3% decline following a brief respite. The stock has dipped in value for three out of the past five trading sessions. In an exchange filing, the company announced its board's approval to raise funds amounting to Rs 3,200 crore. Despite this recent downturn, Coforge has seen a notable increase of 57.09% in its value over the past year.
Mar 18, 2024, 9:45 am IST
Dr Lal PatLabs Board Appoints Shankha Banerjee As CEO
Dr. Lal PathLabs has announced the appointment of Shankha Banerjee as its Chief Executive Officer (CEO). The company's board of directors has approved the re-designation, making Banerjee the CEO and key managerial personnel (KMP) effective from May 21, 2024.
Mar 18, 2024, 9:26 am IST
Market Opens Flat; Sensex & Nifty Trade With Minor Cuts
Indian stock indices commenced trading on March 18 with a slight dip, as the Nifty hovered below the 22,000 mark.
The Sensex registered a decline of 77.50 points or 0.11%, settling at 72,565.93, while the Nifty experienced a decrease of 40.40 points or 0.18%, standing at 21,982.90. Among the stocks traded, 1411 showed gains, 977 faced losses, and 167 remained unchanged.
Mar 18, 2024, 9:23 am IST
Rupee falls 0.59 paise against US Dollar
Indian rupee declined 0.59 paise against US Dollar in morning trade on Monday.
Mar 18, 2024, 8:44 am IST
FII And DII Data (Friday)
According to provisional data from the NSE, foreign institutional investors (FIIs) made net purchases of shares amounting to Rs 848.56 crore, while domestic institutional investors (DIIs) offloaded stocks worth Rs 682.26 crore on March 15.
Mar 18, 2024, 8:39 am IST
Crude Prices Surge On Tighter Supply, Geopolitical Risks
Oil prices saw an uptick in early Asian trading on Monday, building on gains from the previous week when prices surged nearly 4% amid perceptions of dwindling supply.
Brent crude oil futures for May delivery edged up by 3 cents to reach .37 a barrel by 0045 GMT. Meanwhile, the April contract for U.S. West Texas Intermediate (WTI) crude climbed by 10 cents to hit .14.
Mar 18, 2024, 8:26 am IST
US Dollar Hold Steady, Yen Softens Amid BOJ Policy Shifts
The dollar remained stable on Monday as market participants anticipated a week dominated by central bank gatherings worldwide. All eyes were on the Bank of Japan, poised for a potential shift away from negative interest rates, while attention also focused on the Federal Reserve's projections regarding future rate cuts.
In addition to Japan and the United States, central banks in England, Australia, Norway, Switzerland, Mexico, Brazil, and Indonesia were all scheduled to convene. Most were expected to maintain their current interest rate levels, adding to the global anticipation surrounding monetary policy decisions.
Mar 18, 2024, 8:23 am IST
Asian Markets Open Higher Led By Japan's Nikkei On BOJ Rate Hike Momentum
Asian markets saw gains, with Japan leading the way, as investors responded to the prospect of a rate hike by the Bank of Japan (BOJ). The momentum in Japanese shares set a positive tone for the region as market participants awaited key policy decisions from both the BOJ and the Federal Reserve, which are expected to influence global market trends in the near term.
In early Asian trading, the MSCI Asia Pacific Index showed an upward trajectory, bolstered by a surge in Japanese stocks, supported by a modest decline in the yen's value. Notably, the Nikkei 225 index, dominated by technology stocks, experienced its most significant jump in a month. Meanwhile, equities in Hong Kong and mainland China remained relatively stable, with investors awaiting a flurry of activity data scheduled for release on Monday.
The optimism in Asian markets spilled over to US equity futures, which posted gains following a 0.7% decline in the S&P 500 on Friday. As investors keep a close watch on central bank decisions and economic indicators, the week ahead promises to be pivotal for global markets.
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