Shares of Mangalore Refinery and Petrochemicals Ltd (MRPL) fell as much as 10% from the day’s high on Wednesday after a fire broke out at the company’s refinery facility near Jokatte in Mangaluru. The stock had gained earlier to touch a day’s high of ₹180.75. However, it tumbled after reports of the incident emerged and…
Vadilal Industries (VIL), which manufactures Vadilal’s ice cream and processed-food products, and Vadilal Enterprises (VEL), which handles their marketing and distribution in India, have agreed to enter into a revised supply agreement for 12 months from November 1, 2026 to October 31, 2027, according to an exchange filing on Wednesday. The development comes after VIL…
Shares of Transrail Lighting jumped more than 10% on Wednesday, September 30, after the company secured new orders worth more than ₹574 crore, primarily in its domestic Transmission & Distribution (T&D) business. According to the company’s exchange filing, the latest orders include Engineering, Procurement and Construction (EPC) projects for transmission lines, transmission-line reconductoring projects with…
Action Construction Equipment (ACE) has received an order from the Border Roads Organisation (BRO), under the Ministry of Defence, for the supply of 74 4×4 backhoe loaders, the company said in a regulatory filing on Wednesday (September 30). The order comes as ACE looks to expand its presence in the defence sector. The backhoe loaders…
Varun Beverages said on Wednesday that its South African subsidiary, The Beverage Company Proprietary Limited (Bevco), has referred its proposed acquisition of Crickley Dairy Proprietary Limited to arbitration after a condition required to complete the deal was not fulfilled by the September 30 deadline. Bevco had agreed to acquire 100% of the South African dairy…
The Centre has raised the amount of sugar mills can sell in the first half of October as demand is expected to pick up ahead of the festive season. The Department of Food and Public Distribution has set the sugar sales quota at 1.40 million tonnes for the first 15 days of October, up from…
Private lender YES Bank Ltd on Wednesday (September 30) said it has received a consolidated order giving effect (OGE) from the Jurisdictional Assessing Officer (JAO) determining an income-tax refund of around ₹363 crore for assessment year (AY) 2017-18. The refund includes interest income determined under Section 244A of the Income-tax Act, 1961, and a tax…
Leading commodity bourse Multi Commodity Exchange of India Ltd (MCX) on Wednesday (September 30) said it has received a Goods and Services Tax (GST) show-cause notice proposing a combined ₹103.31 crore tax, interest and penalty for financial year 2022-23. The notice, dated September 29, was issued by the GST Department under Section 73(1) of the…
The equity benchmark indices failed to hold its recovery on Wednesday (September 30), with the Nifty ending 96 points lower at 22,620 and the Sensex slipping 49 points to 72,480. The Nifty Bank was the relative outperformer, rising 373 points to 54,633, while the Nifty Midcap index gained 13 points to 59,332. Here are the…
The rupee appreciated 13 paise to close at 95.81 (provisional) against the US dollar on Wednesday as crude oil prices retreated from their elevated levels and tracking an overnight decline in the US Dollar index. Forex traders said easing US Treasury yields from multi-decade highs also supported the rupee. However, weak domestic markets capped sharp…
