Shares of Blue Jet Healthcare Ltd. gained on Friday, July 10, after the company’s qualified institutional placement (QIP) issue was closed and approved by its investment and finance committee. The issue had opened on July 6 and closed on July 9. The committee on Thursday approved the issue and allotment of 1.58 crore equity shares…
Shares of Apollo Micro Systems Ltd. gained on Friday, July 10, while those of Premier Explosives fell after both companies announced an acquisition update on Thursday evening. Apollo Micro Systems has entered a definitive agreement to acquire 41.33% of Premier Energies for approximately ₹1,550 crore in an all-cash deal. It will acquire shares from the…
Shares of Muthoot Microfin gained close to 12% on Friday, July 10, after the company reported an 18% year-on-year increase in assets under management (AUM) and a 49% rise in disbursements for the June quarter. The update was shared after-market hours on Thursday. The microfinance lender’s Q1FY27 AUM rose 18% from a year earlier to…
Shares of public sector banks rallied on Friday, July 10, with the Nifty PSU Bank index emerging as one of the top sectoral gainers, driven by strong quarterly earnings from Indian Bank. Indian Bank led the gains, surging as much as 10%, while State Bank of India, Canara Bank, Bank of Baroda, Bank of Maharashtra,…
Losses from selling liquefied petroleum gas (LPG) could nearly halve in the September quarter for companies like Indian Oil, Hindustan Petroleum Corporation, and Bharat Petroleum Corporation, as a sharp drop in demand has left the market with surplus supplies, according to a note by ICICI Securities. The Mumbai-based brokerage estimates the quarterly run rate of…
Advait Energy Transitions Ltd has secured four turnkey contracts worth a combined ₹250.59 crore from Paschim Gujarat Vij Company Ltd (PGVCL) for underground power distribution projects across Gujarat. The contracts, awarded on July 9 in the normal course of business, involve converting existing overhead high-tension (HT) and low-tension (LT) power distribution networks into underground cable…
Hindustan Steelworks Construction Ltd (HSCL), a wholly owned subsidiary of NBCC (India) Ltd, has secured four project management consultancy (PMC) contracts worth about ₹158.95 crore for education infrastructure projects in Odisha, according to a stock exchange filing on Friday, July 10. The contracts include the construction of a Mega Education Complex in Keonjhar district, valued…
At least 10 fund managers, including major issuers Direxion and ProShares, have filed registrations to launch single-stock exchange-traded funds (ETFs) tracking SK Hynix shortly after the chipmaker begins trading in the US, according to regulatory filings. Almost all of the filings related to SK Hynix are for leveraged and inverse strategies tracking the Korean chipmaker’s…
The equity benchmark indices BSE Sensex and NSE Nifty ended near the day’s high on Friday (July 10), with broad-based buying lifting benchmark indices as well as the broader market. The Sensex gained 828 points to close at 77,569, while the Nifty advanced 244 points to settle at 24,207, ending above the 24,200 mark. The…
The International Energy Agency (IEA) has downgraded its projections on Russian oil production because of Ukrainian attacks on the country’s energy infrastructure, the agency said on Friday (July 10). Ukraine has stepped up the drone strikes on energy facilities, including oil refineries, in recent months, seeking to stifle Moscow’s war efforts. ”Continued strikes on refineries,…
