Wockhardt Ltd. received permission from the Central Drugs StandardControl Organisation to export up to 80 million dosesof Sputnik Light and up to 20 million dosesof Sputnik V Component 1 vaccine.
Stock Market
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What To Expect From Today’s Trading Session [08-02-2022]
Benchmark Indices are expected to open on a flat to positive note as suggested by trends on SGX Nifty. US stock markets closed lower on Monday, …
Paytm Shares Volatile After Third-Quarter Loss Widens
Paytm Shares Volatile: Shares of One 97 Communications Ltd. fell 7.55% in intraday trade before erasing the losses and trade with over 3% gains.
Brightcom Group To Buy U.S.-Based Digital Audio Firm For $102.5 Million
Brightcom Group signed a Letter of Intent to acquire a U.S. based digital audio firm, that owns and operates multiple assets.
CE Info Systems Slips The Most In A Week [04-02-2022]
Shares of CE Info Systems fell over 4.5%, the steepest intraday decline in a week.
- The company approved acquisition of 75.98% of Gtropy Systems Pvt Ltd for Rs 13.5 crore. The indicative time period for completion of the acquisition is 45 days.
- Gtropy Systems, which belongs to IoE and logistics Software-as-a-Service Tech industry, had a turnover of 8.49 crore in FY21 and Rs 2.58 crore in FY2020.
- Gtropy Systems is likely to aid MapmyIndia in expanding IoT and SaaS solutions into CV fleet and OE market by providing route optimization, vehicle tracking, telematics and advanced navigation solutions.
- The company also declared interim dividend of Rs 2 per equity share bearing face value of Rs 2 each, for FY2022. The record date to ascertain the eligible members for the payment of interim dividend will be February 14, 2022.
Source: Bloomberg, Exchange Filing.
Indian Bonds Are Poised For The Worst Weekly Decline Since December 2019
Indian Bonds Are Poised For The Worst Weekly Decline Since December 2019.
- Yield on benchmark 10-year government bonds climbed 5bps to 6.94% Friday and is up 19bps this week.
- This is the biggest weekly jump since December 2019 and come after the government unveiled record borrowing plan for the next year.
Source: Bloomberg
Adani Ports Handles Record 250 MMT In Ten Months Of Operations
Shares of Adani Ports & Special Economic Zone Ltd. rose nearly 1.2%, the biggest intraday gain in four days, after the company crossed a milestone of handling a record 250 MMT in ten months of operations and handled a cargo volume of 259 MMT.