9:41 AM
Allcargo Logistics surges 7% as Board approves biz restructuring
>> The boards of Allcargo Logistics and Allcargo Gati on Thursday approved restructuring of businesses.
>> As per the scheme, International Supply Chain (ISC) business will be demerged into a separate entity — Allcargo ECU Ltd.
>> Allcargo Gati climbs 4%
9:38 AM
Tata Motors DVR rises 2% as NSE, BSE issue NOC for delisting
>> The BSE and NSE have approved the cancellation of ‘A’ ordinary shares (DVR) of Tata Motors and allot ordinary shares.
>> Exchanges also approved the scheme of arrangement for this between the company, shareholders and creditors.
9:37 AM
Zomato trades higher on denying Shiprocket buyout reports
>> We deny this statement and would like to caution investors against such incorrect news
> We remain focused on our existing businesses with no plans for any acquisition at this moment.
>> We are clarifying this information out of abundant caution, given the large size of the deal mentioned in the news article and the uncertainty that it may create in the market.
9:34 AM
IIFL Finance sinks 6% post large block deal
>> Roughly 24 million shares (6.5 per cent equity) changed hands at Rs 555
9:32 AM
RailTel gains 3% on order win worth Rs 67 crore
>> The company has won an order worth Rs 66.8 crore from N F Railway Construction for supply, installation, testing & commissioning of Integrated Tunnel Communication system, Emergency Call Arrangements in Tunnels & IPIS at Stations in Bhairabi- Sairang New Single line Section of Lumding Division.
9:29 AM
LIC leaps 5% as Govt grants 10-year time period to meet min public shareholding criteria
>> State-owned LIC said the Finance Ministry has given it a one-time exemption from the 25 per cent public shareholding rule
>> It has received an extension of 10 years and would need to meet the criteria by May 2032.
9:26 AM
Adani Green holds gains in subdued market; Adani family to inject $1 bn in co
>> Gautam Adani and his family plan to inject $1 billion into the conglomerate’s renewable energy unit, reported Bloomberg.
9:00 AM
Financial risk, reward, goal: Here’s the right way to book profit
With stock markets at a new high, investors want to book profits ahead of the New Year. Worries about Covid-19 or US markets moving down slightly could be factors too, but it’s important to book profit correctly. Read
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8:56 AM
Vizag Steel Plant forges deal with JSPL for Rs 900 cr working capital
The Rashtriya Ispat Nigam Ltd, known as Vizag steel plant, has forged a deal with Jindal Steel and Power Ltd to get an infusion of working capital up to Rs 900 crore in a bid to propel sales revenue, monthly turnover and slash losses. Read
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8:52 AM
Motilal Oswal smallcap collects Rs 1,350 crore during new fund offering
Motilal Oswal Mutual Fund’s smallcap fund collected Rs 1,350 crore during the new fund offering (NFO) period amid growing appeal of smallcap funds in India. According to the fund house, over 150,000 investors subscribed to the NFO, putting in an average of Rs 85,000. Read
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