GMR Infra: Shares of GMR Infrastructure Ltd. rose nearly 3.7% in intraday trade to Rs 39.4 apiece after the company’s shareholders and secured creditors approved the amalgamation and arrangement among GMR Power Infra, GMR Infra and GMR Power and Urban Infra and their respective shareholders during the NCLT convened meetings.
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BLS International Wins Embassy Of Italy Contract To Process Visa Applications In Russia For Five Years
Shares of BLS International Services Ltd. rose nearly 5% to Rs 266 apiece after the company won the contract with Embassy of Italy in Russia for processing visa for a period of five years. Under the contract, the company is estimated to process 1.4 lakh applications annually in 20 centres across Russia, BLS International said in an exchange filing.
Godrej Properties Advances On The Addition Of Large Redevelopment Project In Mumbai; RSI > 70
Godrej Properties Report: Shares of Godrej Properties Ltd. rose 2.5% to Rs 2,290 apiece after the company announced that it entered into an agreement to redevelop a land parcel in Wadala, Mumbai. The project, spread across 7.5 acres, will offer 0.15 million square metre of saleable area primarily comprising of residential apartments.
BHEL Awarded Order For Upgrading Main Gun Of Frontline Warships By Goa Shipyard; Shares Advance
BHEL Awarded Order For Upgrading: Shares of Bharat Heavy Electricals Ltd. rose nearly 7%, the most in over three months, to Rs 60.8 apiece after the company was awarded an order by Goa Shipyard for the supply of an upgraded Super Rapid Gun, the main gun used in most warships in Indian Navy.
Zee-Sony Deal: The Non-Compete Fee Twist
Zee-Sony Deal: An interesting element of the proposed merger between Zee Entertainment Enterprises Ltd. and Sony Pictures Networks India Pvt. is a non-compete fee being paid to Zee founder and promoter, Subhash Chandra.
India Sugar Mills Pause Export Deals in Bet Price Will Rise More
India Sugar Mills: Sugar exporters in India are holding off signing any more export contracts, in a bet that global prices will rally further after bad weather damaged crops in top grower Brazil.
Evergrande Crisis Unlikely To Trigger Contagion In India: JPMorgan’s James Sullivan
Evergrande Crisis: The cash crunch at Evergrande Group is a long-term issue for China but won’t trigger a contagion for India and the rest of Asia, according to James Sullivan.