Markets are likely to start Thursday’s session on a tepid note due to the fresh rise in oil prices and consecutive hikes in gasoline and diesel prices. As of 07:45 AM, the SGX Nifty March futures were trading at 17,205 – down 70 individual points when compared to the Nifty futures close on Wednesday.
.
Roshi Soya: The company’s Rs 4,300 crore IPO (FPO) opens for subscription on Thursday. The company has allocated Rs 1,290 crore shares to anchor investors prior to the FPO.
.
Piramal projects: The Board of Directors meets on March 28 to consider the issue of non-communicable diseases. The issue size is 375 crores.
.
Colgate-Palmolive: The Board of Directors is considering interim dividends on March 28.
.
CSB Bank: The Reserve Bank of India has approved the appointment of Pralaye Mondal, Deputy Managing Director, CSB Bank as interim Managing Director and CEO, for a period of three months from 1 April, or until the appointment of a Managing Director and Regular CEO, whichever is earlier.
.
GPT Infraprojects: The company secured an order worth Rs 118 crore. This contract is a joint venture, in which GPT has a 51 percent stake.
.
Triveni turbine: Subsidiary Triveni Turbines DMCC has signed an agreement to acquire 70% of the shares of South African-based TSE Engineering Pty Ltd for 11.9 million South African Rand, and the transaction is expected to be completed by March 31.
.
they: Leading spice maker MDH Ltd has refuted reports of a potential sale of its business to consumer goods maker HUL. Reports have indicated that MDH promoters are in talks to sell their business to HUL.
.
India villas: On March 29, the Board of Directors will consider a proposal to repurchase the company’s fully paid shares.
.
Nlco: Nelco and Omnispace have announced a strategic cooperation agreement to enable and distribute 5G non-terrestrial network (NTN), and direct-to-device satellite services. The collaborative effort will expand 5G using satellite communications across India and South Asia.
.
Stocks in F&O . Ban: Balrampur Chini Mills, Delta Corp, GNFC, Indiabulls Housing Finance, SAIL and Sun TV Network are subject to an F&O ban on March 24.
.
Dear Reader,
Business Standard has always strived to provide the latest information and commentary on developments that matter to you and that have broader political and economic implications for the country and the world. Your continued encouragement and feedback on how we can improve our offerings has made our resolve and commitment to these ideals even stronger. Even during these challenging times brought about by Covid-19, we continue our commitment to keeping you updated with trusted news, authoritative opinions and insightful commentary on relevant topical issues.
However, we have a request.
As we battle the economic impact of the pandemic, we need your support even more, so we can continue to bring you more quality content. Our subscription form has seen an encouraging response from many of you, who have subscribed to our content online. Further subscribing to our online content can only help us achieve our goals of providing better and more relevant content. We believe in free, fair and credible journalism. Your support with more subscriptions can help us practice the journalism we are committed to.
Support quality press and Subscribe to Business Standard.
digital publisher
First published: Thursday, March 24, 2022. 07:51 IST
