Shares of Nucleus Software Exports Ltd. rose over 2% in intraday trade to Rs 595 apiece after the company’s flagship lending product, FinnOne in Spain. FinnOne has been supporting Opel Vauxhall Finance in Europe since 2006 with Spain becoming the ninth and the latest European country to go live with FinnOne. OPEL is an automotive finance captive organization, supported by Stellantis and BNP Paribas.
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Aarti Industries Shares Rise, RSI Above 70
Shares of Aarti Industries Ltd. rose 4.47 to Rs 1,067 apiece. Trading volume was six-times the 20-day average for this time of the day. The relative …
API Suppliers In Focus; Divi’s Labs, Laurus Labs Advance
Asian vaccine stocks followed their global peers lower, with Shanghai Fosun dropping by as much as 21% in Hong Kong, after Merck & Co. said its experimental antiviral pill cuts the risk of hospitalization and death from Covid-19 in half.
RBI Prepares To File For Insolvency Proceedings Against SREI Infrastructure Finance & SREI Equipment Finance
Reserve Bank of India prepares to file for insolvency proceedings against SREI Infrastructure Finance and SREI Equipment Finance RBI has finalised an administrator to be appointed …
Biocon Gains On Launch Of Generic Version Of Afinitor In The U.S. Market
Shares of Biocon Ltd. rose 1.45% in intraday trade to Rs 370.06 apiece after the company announced the launch of Everolimus tablets, a generic version of Afinitor in the U.S., thereby expanding its generic formulations portfolio.
GAIL, Petronet To Gain As India’s Gas Usage Spikes, Says HSBC
GAIL, Petronet To Gain As India’s Gas Usage Spikes — India’s city gas distributors will play a dominant role in improving the country’s demand for the cleaner fuel in the medium term even amid greater push towards electric vehicles and improved power supply, according to HSBC.
NTPC Said to Plan IPOs of 3 Units, Could Raise $2 Billion
India’s coal power giant NTPC Ltd. expects to raise 150 billion rupees ($2 billion) through initial public offerings in three units including its renewables business, and the paring of a joint venture stake, according to a company official familiar with the plans.