Indian equity closed at almost a week's high levels as positive cues from the Asian markets, along with a strong rupee and value buying, uplifted investors' sentiments.
Sadbhav Engineering said it has been selected as the lowest bidder by NHAI for a highway project in Uttar Pradesh for which it has quoted a price of Rs 981 crore.
Sun Pharma Advanced Research Company said it has received a demand notice from the income tax department for payment of Rs 27.30 crore for the assessment year 2014-15.
Sensex reclaimed the 34,000-level, surging about 323 points to end at one-week high of 34,142.15 as March derivative series got off to a strong start.
India’s govt fully endorses a dramatic move by domestic exchanges to cut off data to global bourses.
Sembcorp expects to raise about $380 mn from the sale of some utilities assets and plans to list its Indian energy business, as it reported a plunge in quarterly profit.
Positive cues from the Asian markets -- along with healthy buying in almost all the sectors led by metals -- lifted Indian equity during the mid-afternoon trade session.
Schlumberger, and smaller peer Subsea 7 said they were entering exclusive talks to form a joint venture to deliver subsea installations and services for oilfields.
BSE Sensex rose over 200 points on sustained buying in key frontline counters led by metal, healthcare, basic material, telecom, banks and finance stocks.
NSE Nifty rose by 36.85 points or 0.35 per cent to trade at 10,419.55 points.
Ultratech Cement leads race to take over Binani Cement
Offers around Rs 6,200 cr, 20% stake in co to unsecured financial creditors
Dalmia Bharat offers Rs 6,300 Cr
Dalmia seen to lose as UltraTech offering equity stake to creditors
Final decision on winner to be ratified by NCLT
Business Standard Reporst
4 companies put in bids for 9 operational national highways under ‘toll-operate-transfer’ model
Brookfield Asset mgmt, Macquarie, IRB Infra and Roadis- NIIF are cos in fray
NHAI hopes to generate more than Rs 6000 cr Under TOT model
auction will involve five highways running across Andhra Pradesh and four in Gujarat
total length of these highways is just under 700 km
Successful bidder to get toll collection rights for 30 years
Ministry of Commerce recommended Central Govt Anti dumping duty on Dimethylacetamide
Recommend duty for 5 Yrs on DMAC originating from China and Turkey
Co bags Rajasthan Project
Received a LOI to construct, own, operate and maintain Fatehgarh-Bhadla transmission project in Rajasthan
Received LOI from PFC Consulting Ltd, an arm of Power Finance Corporation
With this project, ATL will strengthen its existing presence in Rajasthan with 2 operational transmission projects and 4 under construction assets
On completion of this acquisition cumulative transmission network will reach 12000 ckt kms, out of which ~9000 ckt kms under operation
Transformation capacity of ATL will also increase to 19,300 MVA from 35 substations
To be out of F&O if it does not declare quarterly results by March 1
All existing F&O contracts will expire on March 28
No fresh contracts will be available if the firm fails to submit results for quarters ended September and December 2017 by March 1