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Troubled mortgage lender Dewan Housing Finance (DHFL) has sought Rs 15,000-crore immediate funding from banks for on-lending to retail customers as well as to project developers, say sources. Last week, the nearly crippled company had submitted a draft resolution plan to lenders which are yet to be approved by them. “The company has asked for… Continue reading DHFL seeks Rs 15,000-cr lifeline from banks for on-lending to retail customers, project customers

Road developer IRB Infrastructure Developers said Singapore’s sovereign wealth fund GIC is investing Rs 4,400 crore in its road platform. The investment from GIC includes funding of future construction costs. It will be used for deleveraging the portfolio and equity funding for under-construction projects of the portfolio. IRB’s roads portfolio reported revenue of Rs 630… Continue reading GIC invests Rs 4,400 crore in IRB roads platform

The Oil & Natural Gas Corporation (ONGC) is planning to construct transit storage yard, material receiving and dispatch centre at Kakinada in East Godavari district of Andhra Pradesh. The project will spread over on 79,564.34 sq mtr of land area. In March 2019, Larsen & Toubro (L&T) bagged an order to execute the project. As… Continue reading ONGC to construct transit storage yard in Andhra Pradesh

Bajaj Electricals is planning to set up electrical fans manufacturing unit with capacity of seven lakh numbers per annum at Mahalunge in Pune district of Maharashtra. The project will also include LED fittings unit with a capacity of 15 lakh numbers per annum. In May 2019, the Maharashtra Pollution Control Board (MPCB) granted approval for… Continue reading Bajaj Electricals to set up manufacturing unit in Pune

Alembic Pharmaceuticals is currently trading at Rs. 536.00, up by 6.05 points or 1.14% from its previous closing of Rs. 529.95 on the BSE. The scrip opened at Rs. 531.05 and has touched a high and low of Rs. 543.25 and Rs. 531.05 respectively. So far 1719 shares were traded on the counter. The BSE… Continue reading ALEMBIC PHARMA RISES ON GETTING USFDA’S TENTATIVE APPROVAL FOR BIMATOPROST OPHTHALMIC SOLUTION

Trent is currently trading at Rs. 450.00, up by 16.55 points or 3.82% from its previous closing of Rs. 433.65 on the BSE. The scrip opened at Rs. 454.75 and has touched a high and low of Rs. 454.75 and Rs. 433.95 respectively. So far 6257 shares were traded on the counter. The BSE group… Continue reading TRENT SHINES ON RAISING OVER RS 1,000 CRORE VIA PREFERENTIAL ALLOTMENT

National Aluminium Company is currently trading at Rs. 44.35, up by 0.60 points or 1.37% from its previous closing of Rs. 43.75 on the BSE. The scrip opened at Rs. 44.05 and has touched a high and low of Rs. 44.75 and Rs. 44.05 respectively. So far 110224 shares were traded on the counter. The… Continue reading NALCO SPURTS ON ENTERING INTO PACT WITH MIDHANI TO INCORPORATE JVC

Shemaroo Entertainment is currently trading at Rs. 306.65, up by 8.90 points or 2.99% from its previous closing of Rs. 297.75 on the BSE. The scrip opened at Rs. 297.75 and has touched a high and low of Rs. 306.65 and Rs. 297.75 respectively. The BSE group ‘B’ stock of face value Rs. 10 has… Continue reading SHEMAROO ENTERTAINMENT ZOOMS ON ENTERING INTO PRE-LOADED AUDIO SPEAKER MARKET

Shares of Yes Bank are trading lower on the NSE in the morning trade. The bank announced a QIP issue on Thursday. The bank has set a floor price of Rs87.9/ share for the issue, with a proposed discount of not more than 5% depending on demand from investors in India and aboard. The sale to institutional… Continue reading Yes Bank stock trades lower; floor price fixed at Rs87.90 per share