Market bounces back: Sensex gains 335 pts; Adani Group, rail shares shine

Market wrap on March 14, 2024: Beaten down BSE PSU and CPSE indices surged up to 3 per cent led by gains in rail stocks; Adani Group shares surged up to 11%

2:11 PM

ALERT:: Titan Intech to consider bonus issue on March 27; stock jumps 3%

Titan Intech in an exchange filing said, the company's board is scheduled to meet on March 27 to consider and approve a proposal for Bonus issue of equity shares.

1:53 PM

ALERT:: Synergy Green board okays rights issue of up to Rs 49 cr; stock soars 9%

Synergy Green Industries board today approved issue of equity shares on a right basis up to Rs 49 crore.

1:36 PM

NTPC crosses 400 bn units power generation mark in FY24, eyes green energy

State-owned NTPC on Thursday said its electricity generation has crossed 400 billion units (BU) this fiscal year. READ MORE

1:20 PM

'Investors should take 3-5 year view when investing in small, midcaps'

Markets are evenly poised, anticipated rate cuts can provide positive impetus to the market going forward, believes Suresh Soni, CEO of Baroda BNP Paribas Mutual Fund. READ INTERVIEW

1:03 PM

SMS Pharma soars 16% on positive biz outlook; zooms 60% so far in 2024

The stock is now seen trading close to its 52-week and all-time high registered in March 2024 and August 2021, respectively. READ MORE

12:45 PM

Wholesale inflation eases to 0.2% in Feb, food inflation rises marginally

The wholesale price index (WPI)-based inflation eased in January to 0.2 per cent from 0.27 per cent in the preceding month. READ MORE

12:29 PM

Indian Hume Pipe surges 18% on winning work order worth Rs 228 crore

The company in association with AMR India and Shoda Constructions has secured a Rs 1,138 crore work roder related to water supply projects & sewerage projects under AMRUT 2.0 by Government of Telangana. READ MORE

12:16 PM

ALERT :: February WPI comes at 0.2% vs 0.27% MoM

12:04 PM

Market Check :: Sensex zooms 500 pts on Fitch upgrade, RBI rate cut hope

>> Fitch raises FY25 GDP growth estimate

>> Expects RBI to cut rates by 50 bps

12:00 PM

SpiceJet soars 8% on securing 10 aircraft ahead of summer schedule

SpiceJet has been, recently, settling claims with aircraft lessors. Last week, it announced the successful resolution of a $49.8 million (Rs 413 crore) dispute with Echelon Ireland Madison One Ltd, resulting in savings of $48 million (Rs 398 crore) and the acquisition of two airframes.  READ MORE

11:49 AM

ALERT :: Antony Waste arm secures order worth Rs 77 crore

>> One of the company's material subsidiary, Antony Lara Enviro Solutions Private Limited, has been awarded contract of Processing of Legacy Waste through Bio-remediation / Bio-mining and Re-development of existing Sanitary Landfill Cells at CIDCO's MSW facility at Village Chal near Taloja, MIDC by CIDCO.

>> Check details here

11:33 AM

ALERT :: Fitch raises India FY25 GDP forecast To 7% from 6.5% earlier

>> Prospects for EMs, except China, have brightened, especially India

>> FY24 GDP growth seen at 7.8%

11:25 AM

SJVN zooms 8% on signing solar power project worth Rs 2,700 crore

The solar project is set to be commissioned in a period of 18 months or by November 2025. This is expected to generate 1,271.07 million units in the first year after commissioning and the projected cumulative energy generation over a period of 25 years would be about 29,245.40 million units. READ MORE

11:12 AM

ALERT :: Ashoka Buildcon enters into SPA with GVR Infra Projects, GVR Ashoka Chennai ORR

>> Ashoka Buildcon Limited has entered into a share purchase agreement with GVR Infra Projects Limited and GVR Ashoka Chennai ORR Limited for the acquisition of 94.5 million equity shares held by GIPL in CORR, constituting 50% of the share capital of CORR, for a consideration of Rs.185 crore.

>> Post-acquisition of 50% equity shares held by GIPL, CORR would become wholly-owned subsidiary of the company with effect from the date of acquisition
.

10:57 AM

ALERT :: SpiceJet finalises lease agreement for 10 aircraft

>> SpiceJet has finalised lease agreements for 10 aircraft as part of its efforts to augment capacity in preparation for the upcoming summer schedule.

>> SpiceJet has received three airframes as part of recent settlement agreements, further strengthening its fleet capabilities.

>> These settlements with key aircraft lessors have also resulted in savings of Rs 685 crore for the airline.