The Asia-Pacific region’s markets were trading negatively, following the downturn on Wall Street as investors evaluated Japan’s GDP data and anticipated the release of the US CPI report.
In the lead-up to the U.S. jobs report, U.S. equities reached record highs as investors bet that some of the world’s biggest central banks would begin cutting interest rates as early as June, according to Bloomberg.
The Sensex gained 33.40 points, or 0.04%, to settle at 74,119.39, while the Nifty 50 finished 19.50 points, or 0.09%, higher at 22,493.55.
The Sensex reached an all-time high of 74,245.17 points, while the Nifty reached a new record high of 22,525.65.
InterGlobe Aviation: At a floor price of Rs 2,925 per share, promoter Rakesh Gangwal would sell up to a 3.3% stake in the business, valued at least Rs 3,729 crore.
GAIL, ONGC: To investigate prospects for importing ethane and other hydrocarbons and to construct evacuation infrastructure at Shell Energy Terminal, Hazira, GAIL, Oil and Natural Gas Corp, and Shell Energy India signed a tripartite Memorandum of Understanding.
Torrent Power: The state energy distribution corporation of Maharashtra awarded the company a letter of award worth Rs 1,540 crore for the establishment of 306 MW of grid-connected solar photovoltaic projects.
Gujarat Gas: In order to improve service delivery and streamline operations, the business and Bharat Petroleum forged an agreement on a number of fronts. Offering liquid fuels and BPCL’s affiliated petroleum products at specific firm locations is part of this Memorandum of Understanding.
Rail Vikas Nigam: Madhya Pradesh Poorv Kshetra Vidyut Vitaran granted the company a letter of award for the provision, installation, testing, and commissioning of 11 KV Line associated works for a total consideration of Rs 251 crore. The Himachal Pradesh State Electricity Board awarded the company a Letter of Agreement (LOA) for the construction of distribution infrastructure in the state’s southern region, valued at Rs 889 crore.
Titagarh Rail Systems: The Railway Board placed an order with the company for 4,463 BOSM wagons, valued at Rs 1,909 crore.
NBCC: The business and Bharat Heavy Electronics inked a Memorandum of Understanding to redevelop BHEL’s designated assets.
Shyam Metallics and Energy: In February, the company sold 2.34 lakh tonne, up 37.3% YoY, and 94,143 tonne of sponge iron, up 122.9% YoY.
Agro Tech Foods: The business revealed that it had reached a subscription agreement for shares with Zest Holding Investments, which gave the investor ownership of the business.
Tata Communication: The company has invested in a new state-of-the-art production and delivery facility in Los Angeles, which will help with future service development and business expansion.
Exide Industries: The company’s plan to combine its two fully owned companies, Exide Energy Solutions and Exide Energy, was approved by the NCLT.
Sonata Software: The business has said that Sonata Harmoni.AI and Microsoft Azure AI service are now integrated.
PNC Infratech: The business inked a contract on a hybrid annuity basis for a building project in Madhya Pradesh valued at Rs 1,174 crore.
H.G. Infra Engineering: The National Highways Authority of India has deemed the company an L-l bidder for a 610.11 crore project.
India Glycols: The Kashipur, Uttarakhand, Bio-Fuel Ethanol plant’s capacity has been increased by the corporation. The facility is completely commissioned and has a capacity of 410 KLPD at this time.
Rainbow Children Medicare: The company has expanded the Hydernagar, Hyderabad, Telangana, hospital by around fifty beds.
United Breweries: The company introduced “Kingfisher Ultra Max Draught Beer,” a new brand in Karnataka’s premium strong beer market.
Macrotech Developers: Using QIP, the business was able to obtain Rs 3,300 crore in equity