Major indices are likely to start on a negative note as global markets fell after Federal Reserve Governor Lael Brainard’s comments about possible aggressive measures by the central bank to control inflation. As of 07:10 AM, the April SGX Nifty futures contract is trading at 17,877 against Nifty’s spot close at 17,957 on Tuesday.
Adani group: The boards of Adani Enterprises, Adani Green Energy and Adani Transmission are scheduled to meet on April 08 to consider a proposal to raise funds, respectively.
TCS: An IT specialist reported to BSE, that the Kanas Department of Labor had selected the company to build a modern and secure web-based system for the state’s unemployment insurance program.
Airlines: The government has started discussions with airlines about eliminating passenger fare ranges. Talks began after some airlines renewed their demand to remove pricing caps, claiming the regulation was an obstacle to a full recovery in domestic air traffic. IndiGo and Vistara are against these limits; While SpiceJet and Go First are not on board. Read more
steel: JSW Steel, ArcelorMittal Nippon Steel India (AM/NS India) and Jindal Steel & Power (JSPL) were among the largest private steelmakers to raise prices for hot rolled steel coils (HRC) – a standard for flat steel – by Rs 4,000 – 5,000 tones in April indicate higher input prices. Read more
Zomato: A day after the Competition Commission of India (CCI) ordered an investigation into food delivery companies Zomato and Swiggy’s practices on the pricing and listing of restaurants, Zomato said in a regulatory filing that it would make clear to the competition watchdog that it was complying with relevant regulations. laws. Read more
Textiles: As textile and cotton yarn makers brace for a shortage of raw material supplies in the coming months, companies once again called on the government to immediately allow duty-free imports of raw cotton. Read more
Bhagiradha Chemicals: The company’s board of directors approved the issuance of rights worth 20.95 thousand shares of shares at a ratio of 4:17, meaning that shareholders will be eligible to subscribe to 4 shares for every 17 shares owned in the company. The registration date is April 09. Rights issue is Rs 400 per share; The stock last traded at Rs 1,058 on Tuesday.
Sarigama India: The company’s board of directors will meet on April 06 to determine the standard date for the proposed 1:10 stock split.
Tanvi foods: The company’s board of directors is scheduled to meet on April 12 to consider various business proposals, including the issuance of bonus shares.