Posts in category Business Standard
Spandana Sphoorty Financial allots 38,125 equity shares under ESOP (06-03-2024)
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Indices trade with modest losses; oil & gas stocks slide (06-03-2024)
The frontline indices traded with limited losses in a narrow range in mid-morning trade. The Nifty hovered below the 22,300 level. Oil & gas shares slipped after gaining for the past fourth consecutive trading sessions.
Shankara Building Products receives ratings action from CRISIL (06-03-2024)
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Ajmera Realty bags Rs 500 cr loan from financial institutions (06-03-2024)
Ajmera Realty & Infra India announced that it has successfully secured credit facilities totaling to Rs 500 crore from Standard Chartered Bank and ICICI Bank for Ajmera Manhattan residential project, to partly prepays the GCP loan.
Mahanagar Gas slumps 16% as Citi downgrades stock to ‘sell’ (06-03-2024)
The brokerage believes city gas distribution companies, such as MGL, stand vulnerable to regulatory changes, wherein the government would want consumers to benefit from sectoral reforms
Ajmera raises Rs 500 cr through structured deal from FIs (06-03-2024)
The estimated project completion costs are well-covered by pre-sales balance receivables. Through this structured deal, the company has advanced the partial prepayment of the GCP loan ahead of its schedule.
Consequently, the project loan repayment is expected to align more closely with project cash flows. Importantly, the Company has secured this deal at a lower cost of funds compared to prevailing rates with the existing lender.
Torrent Pharma Gujarat facility clears USFDA inspection (06-03-2024)
The drug maker informed that the US drug regulator has issued an establishment inspection report (EIR) for the Bileshwarpura facility in Gujarat stating the inspection to be closed.
Mahanagar Gas tumbles on brokerage downgrade (06-03-2024)
Mahanagar Gas tanked 14.80% to Rs 1333.25 after a foreign broker downgraded the stock to
J.Kumar Infra receives LoA for Rs 912-crore project from CIDO (06-03-2024)
J.Kumar Infraprojects said that it has received a letter of award (LoA) for a road construction project from City and Industrial Development Corporation of Maharashtra (CIDCO) for a contract worth Rs 912.28 crore.
Volumes soar at Zomato Ltd counter (06-03-2024)
Zomato Ltd recorded volume of 1910.91 lakh shares by 10:47 IST on BSE, a 100.15 times surge over two-week average daily volume of 19.08 lakh shares