Videocon Industries Pares Loss After Selling Insurance Arm

Gold Silver Reports (GSR) – Videocon Industries Pares Loss After Selling Insurance Arm — Shares of Videocon Industries pared early losses and rallied as  much as 3.8 percent to Rs 14.90. The company exited insurance business by selling its unit Videocon General Insurance Company Ltd.

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Binani Industries Gains After UltraTech Signs Pact

Gold Silver Reports (GSR) – Binani Industries Gains After UltraTech Signs Pact — Shares of the Binani Cement’s parent was locked in upper circuit. UltraTech Cement, yesterday, agreed to issue a letter of comfort for its increased bid to the cement maker’s lenders for termination of insolvency proceedings at the Kolkata bench of the NCLT, according to its exchange filing.

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