Budget 2024 | Stocks and sectors to keep an eye on
As Finance Minister delivers Budget 2024, investors are turning their attention to potential winners in the stock market. CNBC-TV18’s Sonia Shenoy highlights key sectors and stocks poised for growth amidst the budgetary announcements.
Infrastructure giants like L&T, IRB Infrastructure, and Dilip Buildcon are in the spotlight as the government prioritises infrastructure spending. With expectations of a 12 to 15% year-on-year growth in infrastructure capital expenditure for FY25, these companies stand to benefit.
Meanwhile, the railway sector is also gaining traction, with companies like IRFC, IRCTC, Texmaco Rail, and Titagarh Rail Systems drawing interest. Projections suggest a 20% year-on-year increase in railway capital expenditure, with reports indicating a significant rise in allocation, up 40% year to date.
Watch the accompanying video for more details.
Looking forward to a good quarter despite intense competition: Kalyan Jewellers
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Summary
Kalyan Jewellers said that the footfall for the festive season has been strong including a strong pre-booking for dhanteras, despite intense competition.
With jewellery consumption increasing with weddings being back in a big way, Kalyan Jewellers seems to be doing really well as a stock, especially after posting a strong update for the second quarter.
In a conversation with CNBC-TV18, Ramesh Kalyanaraman, ED, Kalyan Jewellers, said, “It is just the beginning of the second half, and we are looking forward to a good third-quarter initially. As you know, the base has been very high because third quarter of the previous fiscal has been good, and as we speak, we see the footfall increasing for the festive season. Pre-bookings for Dhanteras have also been strong. So, we really look forward to a good quarter. From the brand side, we have done everything possible, the campaigns are started, the team is geared up.”
He also added that the competition is becoming more intense day by day. The brand has taken a lot of measures to maintain margins by increasing the studded ratio, by improving margins in the products which is not something that is easily available in a particular market, etc.
For more, watch the accompanying video
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow
LIVE TV
Shows
View AllMost Reads
View Alltoday's market
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
Currency
Company | Price | Chng | %Chng |
---|---|---|---|
Dollar-Rupee | 73.3500 | 0.0000 | 0.00 |
Euro-Rupee | 89.0980 | 0.0100 | 0.01 |
Pound-Rupee | 103.6360 | -0.0750 | -0.07 |
Rupee-100 Yen | 0.6734 | -0.0003 | -0.05 |
Question 1 of 5
What coins do you think will be valuable over next 3 years?
Answer Anonymously
Should Elon Musk be able to buy Twitter?
Top stock tips by Mitessh Thakkar, Sudarshan Sukhani: Mindtree, Muthoot Finance, Aurobindo Pharma and more
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Summary
CNBC-TV18’s in-house panel of experts has picked a list of stocks for investors to buy/sell in trade today:
Indian equity benchmarks — BSE Sensex and NSE Nifty50 — are likely to make a muted start on Monday amid mixed moves across global markets. Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty index — rose as much as 10 points or 0.06 percent to 17,573 ahead of the opening on D-Street.
CNBC-TV18’s in-house panel of experts has picked a list of stocks for investors to buy/sell in trade today:
Mitessh Thakkar of earningwaves.com
Sell Aurobindo Pharma for a target of Rs 515 with a stop loss at Rs 541
Sell Mindtree for a target of Rs 3,020 with a stop loss at Rs 3,185
Buy MMFSL for a target of Rs 845 with a stop loss at Rs 811
Sudarshan Sukhani, Technical Analyst
Sell Motherson Sumi with a stop loss at Rs 130
Sell Muthoot Finance with a stop loss at Rs 1,058
Buy Power Grid with a stop loss at Rs 233
Buy IDFC First Bank with a stop loss at Rs 50
Catch latest market updates with CNBCTV18.com’s blog
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow
LIVE TV
Shows
View AllMost Reads
View Alltoday's market
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
Currency
Company | Price | Chng | %Chng |
---|---|---|---|
Dollar-Rupee | 73.3500 | 0.0000 | 0.00 |
Euro-Rupee | 89.0980 | 0.0100 | 0.01 |
Pound-Rupee | 103.6360 | -0.0750 | -0.07 |
Rupee-100 Yen | 0.6734 | -0.0003 | -0.05 |
Question 1 of 5
What coins do you think will be valuable over next 3 years?
Answer Anonymously
Should Elon Musk be able to buy Twitter?
Top stock tips by Mitessh Thakkar, Sudarshan Sukhani: SBI Life, Hindalco, United Spirits and more
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Summary
CNBC-TV18’s in-house panel of experts has picked a list of stocks for investors to buy/sell in trade today:
Indian equity benchmarks — BSE Sensex and NSE Nifty50 — are expected to open in red on Friday tracking losses across most other global markets. Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty index — fell as much as 122 points or 0.68 percent to 17,757 ahead of the opening on D-Street.
CNBC-TV18’s in-house panel of experts has picked a list of stocks for investors to buy/sell in trade today:
Mitessh Thakkar of earningwaves.com
Sell SBI Life for a target of Rs 1,255 with a stop loss at Rs 1,310
Sell Laurus Labs for a target of Rs 512 with a stop loss at Rs 538
Buy Granules for a target of Rs 332 with a stop loss at Rs 312
Buy Delta Corp for a target of Rs 233 with a stop loss at Rs 212
Sudarshan Sukhani, Technical Analyst
Buy United Spirits for a target of 890-900 with a stop loss at Rs 830
Sell Hindalco for a target of Rs 400-395 with a stop loss at Rs 431
Catch latest market updates with CNBCTV18.com’s blog
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow
LIVE TV
Shows
View AllMost Reads
View Alltoday's market
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
Currency
Company | Price | Chng | %Chng |
---|---|---|---|
Dollar-Rupee | 73.3500 | 0.0000 | 0.00 |
Euro-Rupee | 89.0980 | 0.0100 | 0.01 |
Pound-Rupee | 103.6360 | -0.0750 | -0.07 |
Rupee-100 Yen | 0.6734 | -0.0003 | -0.05 |
Question 1 of 5
What coins do you think will be valuable over next 3 years?
Answer Anonymously
Should Elon Musk be able to buy Twitter?
Top stock tips by Mitessh Thakkar, Sudarshan Sukhani: HDFC Bank, PVR, Apollo Hospitals and more
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Summary
CNBC-TV18’s in-house panel of experts has picked a list of stocks for investors to buy/sell in trade today:
Indian equity benchmarks — BSE Sensex and NSE Nifty50 — opened in green on Monday tracking gains across most other global markets.
CNBC-TV18’s in-house panel of experts has picked a list of stocks for investors to buy/sell in trade today:
Mitessh Thakkar of earningwaves.com
Buy Mindtree for a target of Rs 3,400 with a stop loss at Rs 3,250
Buy FSL for a target of Rs 124 with a stop loss at Rs 113.50
Buy CONCOR for a target of Rs 795 with a stop loss at Rs 730
Sell PVR for a target of Rs 1,770 with a stop loss at Rs 1,860
Sudarshan Sukhani, Technical Analyst
Buy Petronet LNG with a stop loss at Rs 213
Buy Apollo Hospitals with a stop loss at Rs 4,380
Buy HDFC Bank with a stop loss at Rs 1,480
Sell ICICI General Insurance with a stop loss at Rs 1,243
Catch latest market updates with CNBCTV18.com’s blog
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow
LIVE TV
Shows
View AllMost Reads
View Alltoday's market
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
Currency
Company | Price | Chng | %Chng |
---|---|---|---|
Dollar-Rupee | 73.3500 | 0.0000 | 0.00 |
Euro-Rupee | 89.0980 | 0.0100 | 0.01 |
Pound-Rupee | 103.6360 | -0.0750 | -0.07 |
Rupee-100 Yen | 0.6734 | -0.0003 | -0.05 |
Question 1 of 5
What coins do you think will be valuable over next 3 years?
Answer Anonymously
Should Elon Musk be able to buy Twitter?
Top stock tips by Mitessh Thakkar and Sudarshan Sukhani: Bajaj Auto, Dixon, Bandhan and more
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Summary
CNBC-TV18’s in-house panel of experts has picked a list of stocks for investors to buy/sell in trade today:
Indian equity benchmarks — BSE Sensex and NSE Nifty50 — started Tuesday’s session in the green tracking gains across most other Asian markets. Easing crude oil prices supported the sentiment on Dalal Street, after the OPEC+ grouping of top producers announced a reduction in output.
CNBC-TV18’s in-house panel of experts has picked a list of stocks for investors to buy/sell in trade today:
Mitessh Thakkar of earningwaves.com
Buy Dixon for a target of Rs 4,325 with a stop loss at Rs 4,150
Buy Aditya Birla Fashion and Retail for a target of Rs 330 with a stop loss at Rs 306
Buy Bajaj Auto for a target of Rs 3,875 with a stop loss at Rs 4,000
Buy JSW Steel for a target of Rs 710 with a stop loss at Rs 668
Sudarshan Sukhani, Technical Analyst
Sell Dixon with stop loss at Rs 4,110
Sell Bandhan Bank with stop loss at Rs 276
Sell JSW Steel with stop loss at Rs 662
Sell NTPC with stop loss at Rs 162
Catch latest market updates with CNBCTV18.com’s blog
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow
LIVE TV
Shows
View AllMost Reads
View Alltoday's market
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
Currency
Company | Price | Chng | %Chng |
---|---|---|---|
Dollar-Rupee | 73.3500 | 0.0000 | 0.00 |
Euro-Rupee | 89.0980 | 0.0100 | 0.01 |
Pound-Rupee | 103.6360 | -0.0750 | -0.07 |
Rupee-100 Yen | 0.6734 | -0.0003 | -0.05 |
Question 1 of 5
What coins do you think will be valuable over next 3 years?
Answer Anonymously
Should Elon Musk be able to buy Twitter?
Top stocks to watch on July 26: Larsen & Toubro, Bajaj Auto, Tata Steel, Tech Mahindra, LIC and more
Larsen & Toubro Ltd, Asian Paints Ltd, Bajaj Auto Ltd, Aditya Birla Sun Life AMC Ltd, Apollo Pipes Ltd, Greenlam Industries Ltd, Indian Metals & Ferro Alloys Ltd, India Grid Trust, Ramco Systems Ltd, Relaxo Footwears Ltd, Shoppers Stop Ltd, SIS Ltd, Tata Investment Corporation Ltd, Tata Power Co Ltd, TTK Healthcare Ltd, Udaipur Cement Works Ltd, Ujjivan Small Finance Bank Ltd, Union Bank Of India, United Spirits Ltd, UTI Asset Management Company Ltd | These companies will announce their earnings today.
Here’s a look at buzzing stocks for trade on September 14
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Summary
The Indian equity benchmark indices are likely to open higher Tuesday as the trends on SGX Nifty indicate a positive start for the broader index in India amid mixed global cues.
The Indian equity benchmark indices are likely to open higher Tuesday as the trends on SGX Nifty indicate a positive start for the broader index in India amid mixed global cues.
Here are the top 10 buzzing stocks for today:
1. Ami Organics, Vijaya Diagnostic Centre: The shares of Ami Organics and Vijaya Diagnostic Centre will make their debut on the exchanges today.
2. ZEEL: Manish Chokhani and Ashok Kurien have resigned from the position of Non-Executive Non-Independent Directors of the firm with immediate effect. Its largest shareholders, Invesco Developing Markets Fund and OFI Global China Fund LLC have called an extraordinary general meeting (EGM) seeking removal of Punit Goenka, Manish Chokhani and Ashok Kurien as Directors of the firm.
3. Infosys: The company has bought back over 5.58 crore equity shares as part of its about Rs 9,200 crore buyback offer. The shares were bought back at a volume weighted average price of Rs 1,648.53 per equity share.
4. Wipro: The company has partnered with Tennessee-based First Horizon Bank (FHN) to provide services to VirtualBank, an established digital bank.
5. Ceat: The company has signed a Limited Liability Partnership (LLP) Agreement with Harshvardhan Ravi Goenka and Yellowstone Clean Energy LLP, for making an investment of upto Rs 60 lakh, in one or more tranches in Cleanwin Energy Five LLP, on such terms and conditions as prescribed therein to acquire 26 percent of the capital of the LLP.
6. KNR Constructions: The company received a Letter of Acceptance for Hyderabad Growth Corridor (HGCL) worth Rs 312.79 crore which is to be completed within a period of 15 months from the date of signing of the agreement.
7. Dilip Buildcon: The company’s subsidiary Bangalore Malur Highways has received the letter of the appointed date from the National Highways Authority of India and had declared the appointed date w.e.f. September 15.
8. Gujarat State Petronet: Pankaj Kumar has been appointed as the Chairman & MD of the company w.e.f September 8, 2021.
9. Redington (India): The company’s step down subsidiary Arena Bilgisayar Sanayi Ve Ticaret A.S. Turkey will acquire a 100 percent stake of Brightstar Telekomünikasyon Dagitim Ltd. Sti, for $35 million.
10. DCM Shriram: The company will acquire a balance 50 percent stake of joint venture Shriram Axiall (SAPL) from Axiall LLC USA.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow
LIVE TV
Shows
View AllMost Reads
View Alltoday's market
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -72.15 |
sensex | ₹1,882.60 | +28.30 |
nifty IT | ₹2,206.80 | +30.85 |
nifty bank | ₹1,318.95 | -14.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
index | Price | Change |
---|---|---|
nifty 50 | ₹16,986.00 | -7.15 |
sensex | ₹1,882.60 | +8.30 |
nifty IT | ₹2,206.80 | +3.85 |
nifty bank | ₹1,318.95 | -1.95 |
Currency
Company | Price | Chng | %Chng |
---|---|---|---|
Dollar-Rupee | 73.3500 | 0.0000 | 0.00 |
Euro-Rupee | 89.0980 | 0.0100 | 0.01 |
Pound-Rupee | 103.6360 | -0.0750 | -0.07 |
Rupee-100 Yen | 0.6734 | -0.0003 | -0.05 |
Question 1 of 5
What coins do you think will be valuable over next 3 years?
Answer Anonymously
Should Elon Musk be able to buy Twitter?
Here’s a look at buzzing stocks for trade on September 13
The Indian market is likely to see a cautious opening Monday amid weak global cues. The trends on SGX Nifty also indicate a muted start for the broader index in India.
Here are the top 10 buzzing stocks for today:
1. Infosys: The company has launched Infosys Equinox to help enterprises securely deliver hyper-segmented, personalized omnichannel commerce experiences for B2B and B2C buyers.
2. Zomato: The company will stop its grocery delivery service due to gaps in order fulfilment, poor customer experience and increasing competition from rivals.
3. Coal India: The company might raise prices of the dry fuel by at least 10-11 per cent to mitigate the impact of increased costs and an impending wage revision, sources told PTI.
4. Punjab National Bank: The bank’s board has approved raising up to Rs 6,000 crore by issuing bonds.
5. Indiabulls Housing Finance: The company has received the Competition Commission of India (CCI) approval to divest its mutual fund business to Groww for Rs 175 crore.
6. Dilip Buildcon: The company’s subsidiary Bangalore Malur Highways has received financial closure from the National Highways Authority of India.
7. Arvind SmartSpaces: The company has raised Rs 85 crore from HDFC Capital Affordable Real Estate Fund-1 (H-CARE 1) and promoters at a price of Rs 124 per share.
8. JMC Projects (India): CARE has upgraded the rating of long term bank facilities & non-convertible debentures of the company as ‘AA-‘; Stable from ‘A+’; Stable. The agency has upgraded the rating of short term bank facilities of the company as ‘A1+’ from ‘A1’.
9. Hinduja Global Solutions: Crown Commercial Services (CCS) Framework renewed the company’s approval to supply contact centre and business services solutions on the CCS Framework in the UK.
10. Reliance Infrastructure: The company won an arbitration award against Delhi Metro Rail Corporation (DMRC). The Supreme Court directed DMRC to pay damages of Rs 2,950 crore plus interest upto the date of payment to Reliance Infrastructure promoted Delhi Airport Metro Express Pvt Ltd (DAMEPL). The proceeds from the arbitral award will be utilized for debt reduction, the company said.