Neal Bhai JC Sharma, Managing Director At Sobha Speaks Key highlights from the conversation: ⭐ Cochin and Chennai market contributed to traction. ⭐ See rise in sales from Bangalore in …
Shares of the auto parts maker fell as much as 8.9 percent, most in almost eight months, to Rs 89.4 which was the lowest level achieved in a little over nine months. An investor in Sona Koyo Steering Systems Ltd., JTEKT Corporation Ltd., has proposed to sell up to 35 lakh shares to retail and non-retail investors on both the exchanges, according to the company’s exchange filing.
Gold Silver Reports (GSR) – Shares of the alcohol manufacturer rose as much as 6.6 percent to Rs 1,200, its highest level in three months. The board of GM Breweries Ltd. has recommended a dividend at the rate of 30 percent or Rs 3 per share, the company said in an exchange filing. The board has also recommended a bonus issue of shares in the ratio of 1:4.
Gold Silver Reports (GSR) – RBI delaying year-end bonuses to the heads of top private banks — HDFC, ICICI and Axis Bank — Chief executive officers at HDFC Bank Ltd., ICICI Bank Ltd. and Axis Bank Ltd. —the nation’s largest private lenders by assets — are among bankers yet to receive bonuses for the financial year ended 31 March 2017, as the Reserve Bank of India hasn’t signed off on the proposed payments, the people said, asking not to be identified as the information is private. They declined to give further details. Business Standard newspaper had previously reported the delays.
Shares of the drug maker extended gains for the second day and rose as much as 7.1 percent, the most in over five months to Rs 842.80.
The pharmaceutical company received a clean chit from U.S. drug regulator or its Pithampur Unit 1 Facility, according to its stock exchange notification.
Gold Silver Reports (GSR) – Crude Oil Pares Rally Amid Signals of Expanding American Crude Surplus — Futures closed 0.3 percent higher in New York on Thursday, wiping away most of the gains made during the session. Data provider Genscape Inc. was said to report inventories at the key pipeline hub in Cushing, Oklahoma, expanded, taking the wind out of a rally earlier driven by an unexpected Arab Light crude price increase by Saudi Arabia, the world’s biggest oil exporter.
Atul Lall, Managing Director At Dixon Technologies Speaks Key highlights from the conversation: ⭐ With Custom duty coming down on open cell, it will increase brand outsourcing …