NTPC, Adani Ports, IndiGO, JSW Group and more stocks in the news today
Bitcoin fell below $30,000 for the first time since July 2021 on Tuesday as cryptocurrencies track declining markets as investors spooked by aggressive US monetary tightening and soaring inflation. The world’s largest cryptocurrency by market value fell as low as $29,764 in Tuesday’s trading, before rallying above $30,000, extending a recent price crash as investors desert considered assets as risky
Business results: Gujarat Gas, Adani Ports, Asian Paints, Cipla, Vodafone Idea, Ajanta Pharma, Cera Sanitaryware, Chalet Hotels, Chemplast Sanmar, Dishman Carbogen Amcis, Elantas Beck India, Electrosteel Castings, Kansai Nerolac Paints, Max Financial Services, Mahanagar Gas, MRF, Polycab India, Neuland Laboratories, Orient Electric, Reliance Capital, R Systems International, Shemaroo Entertainment, Tajgvk Hotels & Resorts, TD Power Systems, Torrent Power, Venky’s (India) and Welspun India will release their quarterly results on May 10.
Indian metal-to-cement conglomerate JSW Group will make a $7 billion bid for Holcim AG’s Indian subsidiaries, Ambuja Cements Ltd and ACC Ltd, the Financial Times reported on Tuesday. The company will offer $4.5 billion in equity and $2.5 billion in undisclosed private equity partners for the offering, JSW Group Chairman Sajjan Jindal told the newspaper, adding that it will acquire 63% of the capital of Ambuja Cements.
Rainbow Children’s Medicare will make its public debut today.
HCL Tech is to acquire Bengaluru-based Quest Informatics, an aftermarket, Industry 4.0 and IoT company, in an all-cash deal worth Rs 15 crore.
Adani Ports and Special Economic Zone has applied to the Bombay High Court to challenge the disqualification of its bid in a tender launched by the Jawaharlal Nehru Ports Authority (JNPA) for the upgrading of the container terminal of the latter at Navi Mumbai.
IndiGo: India’s aviation regulator has formed a three-member team to carry out an “investigative investigation” into IndiGo, promoted by InterGlobe Aviation, banning a specially disabled child from boarding a flight at the airport of Ranchi while in a “state of panic”. “. The CEO of IndiGo expressed regret for the incident and offered to buy an electric wheelchair for the specially disabled child.
Shipping Corporation said its board had approved certain amendments to the scheme of arrangement for the spin-off of the company’s non-core assets into Shipping Corporation of India Land and Assets Ltd.
NTPC: The state-owned electricity giant has launched a tender for the purchase of 4.53 million tonnes (MT) of imported coal, mainly for blending with domestic dry fuel in power plants thermal.
Campus Activewear: Motilal Oswal Mutual Fund bought 32 lakh shares of Campus Activewear on its debut day in wholesale trades.
For the LIC IPO, the REITs invested less than Rs 4,000 crore, which means only 5% of the total subscription raised. On the other hand, individual investors have contributed more than Rs 25,000 crore.
With agency contributions