Gold Silver Reports (GSR) – JSW Steel Buys 26% In Numetal’s India Arm To Facilitate Essar Steel Bid — While the Mauritius-based holding company is the resolution applicant for Essar Steel, the resolution plan will be implemented through the India entity – Nu Metal & Steel Pvt Ltd.
Gold Silver Reports (GSR) – India’s ‘Macro Concerns’ Will Hold Nifty Below 11,000, CLSA Says – NSE Nifty 50 Index won’t cross the 11,000 level in 2018 as concerns about the revenue and fiscal deficits, higher oil price and inflation, new taxes on equity gains and political uncertainties will continue to linger on and impact returns, CLSA India Pvt. said in an investor note Monday.
Gold Silver Reports (GSR) – NBCC Gains After Cabinet Panel Extends Chairman’s Tenure — Shares of the state-run construction firm rose as much as 7.6 percent, the …
Gold Silver Reports (GSR Team) – Binani Industries Offers Full Debt Repayment To Binani Cements Lenders — Shares of Binani Industries rose as much as 5.7 percent to Rs 92.25 after the National Companies Law Appellate Tribunal has granted liberty to Binani Cement wherein lenders can settle insolvency proceedings out of court.
Gold Silver Reports (GSR Team) – India Manufacturing Growth Slows Again In March — Growth in India manufacturing sector slowed again in March as both output and new orders fell to its lowest pace since October, according to an industry benchmark.
Infibeam Surges Most in Three Months After Smaller Cap World Fund Buys Stake — Shares of the Ahmedabad-based online shopping website operator rose as much as 6.5 percent, the most in three months, to Rs 162 after Smaller Cap World Fund Inc. bought 1.89 crore shares or 3.5 percent equity at Rs 152 each.
