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Tag: GAIL

  • GAIL Completes Laying Over 97.6 Per Cent Pipeline Of Pradhan Mantri Urja Ganga

    GAIL Completes Laying Over 97.6 Per Cent Pipeline Of Pradhan Mantri Urja Ganga


    New Delhi: GAIL (India) Limited has completed the laying of over 97.6 percent of the integrated Jagdishpur–Haldia–Bokaro–Dhamra Pipeline (JHBDPL), popularly known as “Pradhan Mantri Urja Ganga,” which will carry natural gas to the eastern and northern parts of India. Of this, almost 96.6 percent has been put under commercial operations, the state-owned company said in a statement.

    The integrated JHBDPL, including the Barauni–Guwahati Pipeline, has an authorized pipeline length of 3,306 km and passes through Uttar Pradesh, Bihar, Jharkhand, Odisha, West Bengal, and Assam. Presently, 3,227 km of the pipeline section has been laid, and 3,119 km of the pipeline—including the Phulpur–Dobhi–Bokaro–Durgapur, Bokaro–Angul–Dhamra, and Dobhi–Barauni–Guwahati sections—has already been put under commercial operation, the company said.

    The pipeline is currently transporting 12.26 Million Standard Cubic Meters Per Day (MMSCMD) of natural gas, including supplies to four fertilizer plants, two refineries (Barauni and Paradip), industrial consumers, and 32 City Gas Distribution (CGD) networks, including Varanasi, Patna, Ranchi, Jamshedpur, Bhubaneswar, Cuttack, Kolkata, etc., along the pipeline route.

    With respect to the Durgapur–Haldia section (294 km), GAIL has already put 132 km of the pipeline section up to Kolkata under commercial operation. Out of the remaining 162 km to Haldia, 103 km of pipeline laying has been completed. GAIL is also laying the Dhamra–Haldia section, which has an authorized pipeline length of 240 km, of which 198 km has already been laid.

    Due to the limited availability of Right of Use (RoU), the completion of the Durgapur–Haldia and Dhamra–Haldia sections of the JHBDPL expansion is being extended from March 2025 to December 2025, the company statement added.

    With the completion of the remaining sections of the Durgapur–Haldia and Dhamra–Haldia pipelines, GAIL will transport natural gas to the Haldia refinery, CGD networks in Howrah, Hooghly, Purba Medinipur, Paschim Medinipur, and other industrial consumers along the pipeline route.



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  • ‘Babygirl’ Raises the Question: Is Menopause Sexy Now?

    ‘Babygirl’ Raises the Question: Is Menopause Sexy Now?


    Even given this post-#MeToo climate, it’s doubtful so many of these films would be made were the culture not rethinking what menopause means and can look like. Menopause, clinically defined as a full year without a menstrual period, and perimenopause, the years of hormonal change preceding it, are in the midst of a makeover, with actresses proudly lending their names and creaseless likenesses to menopause and perimenopause ventures. Naomi Watts, who starred in the bonkers 2013 age-gap romance “Adore,” founded Stripes Beauty, a company offering “holistic menopause solutions.” Gwyneth Paltrow’s Goop sells Madame Ovary, a supplement to ease hormonal change. Halle Berry is starting RESPIN, an online community focused on menopausal health.

    It’s a truism that sex sells. And as these films, shows and corporate enterprises suggest, menopause might be sexy now.

    “We are finally uncoupling women’s sexuality from our fertility years,” said Shira Tarrant, a professor of women’s, gender and sexuality studies.

    But as Tarrant acknowledged, that uncoupling is incomplete. And what exactly are those fertile years? Advances in reproductive technology have significantly increased their span. Actresses, Kidman among them, regularly have children after 40.

    Beyond the bedroom, these onscreen bodies are mostly opaque. No character in these recent films mentions hormonal change or suffers the ordinary embarrassments of a hot flash or a “crime scene” period. If this new visibility is liberatory, it is also very limited. Are you perhaps a woman who is slim, conventionally attractive, and more often than not white? Congratulations, you can represent your sex life for just a little longer. In these movies, limbs are lithe, faces smooth. The breasts are like military haircuts, high and tight. Thanks to advances in dermatology, cosmetics and surgery, women can be sexy at almost any age. As long as we look 32 forever.

    Very occasionally, an imperfect body makes its way onscreen — Diane Keaton’s fleeting nude scene in the 2003 romantic comedy “Something’s Gotta Give,” Emma Thompson’s open robe in 2022’s “Good Luck to You, Leo Grande” — but typically attractiveness equates to porelessness. This is the gruesome crux of the 2024 horror comedy “The Substance,” in which Demi Moore’s former starlet undergoes gooey agonies to retain her youth and beauty, birthing (asexually) a younger, hotter self.



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  • GAIL Announces CNG Price Reduction By Rs 2.50 Per Kg

    GAIL Announces CNG Price Reduction By Rs 2.50 Per Kg


    New Delhi: GAIL (India) Limited, and its wholly owned subsidiary, GAIL Gas Limited on Saturday announced a reduction in the prices of Compressed Natural Gas (CNG) by Rs 2.50 per kg across several key locations in India where it operates retail outlets.

    The move comes close on the heels of Indraprastha Gas Limited (IGL) reducing the selling price of gas in Delhi and the National Capital Region (NCR) by Rs 2.50 per kg with effect from Thursday. (Also Read: Zomato Celebrates Women’s Day By Introducing New Kurta Option For Female Delivery Partners)

    This reduction underscores GAIL’s commitment to offering environmentally friendly fuel solutions at competitive prices, in line with the nation’s efforts to combat pollution and reduce carbon emissions. (Also Read: Big Relief To THESE EPF Members: Exempt From Joint Declaration Form Submission)

    “The decision to lower CNG prices comes at a crucial time when the automotive industry is witnessing a surge in the production and adoption of CNG vehicles by leading manufacturers such as Suzuki Motors Tata, Hyundai and Mahindra,” GAIL said in a statement.

    With this price reduction, GAIL aims to facilitate the transition towards cleaner and greener transportation options, ensuring a sustainable future for generations to come, the statement added.

    On its part, AG&P Pratham said it has cut its retail price from March 7 onwards in cities it operates in Kerala (Alappuzha, Kollam, Thiruvananthapuram – current price Rs 85.50/kg) and Andhra Pradesh (Nellore Rs 91.50/kg, Chittoor, Tirupati-Rs 91.50/kg, Anantapur and Kadappa Rs 91/kg).

    According to Thivahar Bethune, VP Marketing, AG&P Pratham, three-wheeler auto-rickshaws, cars, small commercial vehicles, trucks and bus owners using CNG fuel can now save up to 35 per cent and 50 per cent compared to diesel and petrol respectively.

    In Kerala, AG&P Pratham currently operates 34 CNG stations and plans to set up over 150 CNG stations and in Andhra Pradesh, it currently operates 42 CNG stations and plans to set up over 200 CNG stations in the coming years.



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  • GAIL inks 10-year LNG deal with trading company Vitol – Times of India

    GAIL inks 10-year LNG deal with trading company Vitol – Times of India



    NEW DELHI: GAIL has inked a multibillion dollar deal for sourcing one million tonne of LNG annually for 10 years from commodities trading giant Vitol, marking the state-run utility’s first long-term deal in a decade amid rising domestic demand. Vitol will start shipping super-chilled gas from 2026, even as GAIL is negotiating more such deals with others in view of a projected demand of 500 mcmd by 2030 from 155 at present.





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  • Stocks to Watch: SBI, Titan, HUL, GAIL, LIC, Tata Power, PVR Inox, Axis Bank, and Others – News18

    Stocks to Watch: SBI, Titan, HUL, GAIL, LIC, Tata Power, PVR Inox, Axis Bank, and Others – News18


    Stocks To Watch on December 4

    Stocks to watch: Shares of firms like SBI, Titan, HUL, GAIL, LIC, Tata Power, PVR Inox, Axis Bank, and others will be in focus on Monday’s trade.

    Stocks to watch on December 4: GIFT Nifty on the NSE IX traded 143.5 points, or 0.7 per cent, higher at 20,637, signaling that Dalal Street was headed for positive start on Monday. Here’s a slew of stocks that will be in focus today for various reasons.

    SBI, Titan: The Bharatiya Janata Party’s (BJP’s) clean sweep in three states (Rajasthan, Madhya Pradesh, Chattisgarh) augurs very well for macro and policy momentum for India, believes Motilal Oswal Financial Services.

    As such, it expects 14 stocks, across sectors, to benefit from the win including State Bank of India, Axis Bank, M&M, Hero MotoCorp, L&T, Ultratech Cement, Titan, Indian Hotels Company, Lemontree Hotels, Angel One, and Medanta.

    Hindustan Unilever: The company decided to split its beauty and personal care business into two separate divisions.

    AstraZeneca Pharma: AstraZeneca Pharma India Limited has received permission to import pharmaceutical formulations of new drug (Breztri Aerosphere) for sale or for distribution.

    Meanwhile, its Anglo-Swedish parent AstraZeneca has signed a deal worth up to $247 million with US artificial intelligence (AI) biologics firm Absci to design an antibody to fight cancer, the Financial Times reported on Sunday.

    GAIL (India): The company has filed an arbitration case against SEPE Marketing & Trading Singapore Pte Ltd. in the London Court of International Arbitration for up to $1.817 billion.

    KPI Energy: KPI Green Energy Limited has won new orders from Sun Drops Energia Pvt Ltd for 4.40 MW for executing solar power projects.

    HFCL: The telecom gear maker has bagged an order of around Rs 67 crore to supply optical fibre cables to a domestic telecom operator.

    Salasar Techno Engineering: The company secured a contract worth Rs 364 crore from Tamil Nadu Generation and Distribution Corp.

    Life Insurance Corporation (LIC): State-owned insurer Life Insurance Corp of India on Saturday said it has amended a framework to allow the induction of shareholders’ directors on its board.

    Tata Power: Tata Power has won the bid to acquire Bikaner-III Neemrana-II Transmission Ltd, a transmission project special purpose vehicle (SPV) set up by PFC Consulting Ltd.

    Kamat Hotels: The chain has opened Orchid Hotel at Jamnagar, Gujarat.

    Lemon Tree Hotels: The hotel chain has opened the Lemon Tree Hotel in Hubli. This is the eighth property of the group in Karnataka.

    Bajaj Healthcare: CFO Rupesh Nikam resigned from the position on Dec 1.

    Alkem Labs: Alkem Labs has received Form 483 with three observations from the United States Food and Drug Administration (USFDA) at the end of the inspection conducted at the company’s API manufacturing facility located at Mandva.

    Granules India: The US Food & Drug Administration (USFDA) has approved its Abbreviated New Drug Application (ANDA), filed by Granules Pharmaceuticals, Inc. (GPI), a wholly owned foreign subsidiary of the company, for Sildenafil for Oral Suspension, 10 mg/mL.

    PVR Inox: The Customs Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has deleted the original tax demand worth Rs 36.66 crore (including penalty and interest).

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    Aparna Deb

    Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious abo…Read More



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  • Stocks to Watch: Tata Motors, GAIL, Airtel, TVS Motor, Marico, Power Grid, and Others – News18

    Stocks to Watch: Tata Motors, GAIL, Airtel, TVS Motor, Marico, Power Grid, and Others – News18


    Last Updated: October 31, 2023, 08:45 IST

    Stocks To Watch On October 31: GIFT Nifty on the NSE IX traded 2 points, or 0.01 per cent, lower at 19,223.50, signaling that Dalal Street was headed for muted start on Tuesday. Here’s a slew of stocks that will be in focus today for various reasons.

    Q2 earnings today: L&T, Bharti Airtel, Tata Consumer, GAIL, Indian Oil, Jindal Steel and Power, Mankind Pharma, and Max Financial, among others.

    Tata Motors: The company has won an arbitral award of Rs 765.78 crore plus interest as compensation for its investment in Singur, the erstwhile site for the production of the Nano.

    TVS Motor: The automobile major has posted a marginal rise in consolidated net profit during the second quarter of FY24 to Rs 386.34 crore, compared to Rs 386.31 crore during the July to September period of FY23.

    Marico: Marico’s Q2 earnings were below estimates with its net profit rising 17.3 per cent to Rs 353 crore, missing analysts’ average estimate of Rs 357 crore.

    Power Grid Corp: The company has acquired Beawar Dausa Transmission through tariff-based competitive bidding for an aggregate value of nearly Rs 21.37 crore subject to adjustment.

    DLF: The realty major reported a 31 per cent rise in consolidated net profit to Rs 622.78 crore for the Sept quarter. The revenue rose 3.5 per cent YoY to Rs 1,347.7 crore.

    Blue Star: The company posted a 66 per cent YoY growth in its consolidated net profit to Rs 70.67 crore for the Sept quarter. Revenue from operations rose 19.5 per cent YoY.

    Procter & Gamble: The company has reported a 36.44 per cent rise in net profit to Rs 210.69 crore for the Sept quarter.

    Speciality Restaurants: The firm’s Q2 net profit rose 47.8 per cent YoY to Rs 5.76 crore. Its revenue was up 4.4 per cent to Rs 97.9 crore.

    Bajaj Hindusthan Sugar: The company has received a cane price payment of Rs 1,361 crore for each of its 14 sugar units from Uttar Pradesh Power Corporation. The amount is towards the cane payment arrears for the sugar season 2022-23.

    Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.

    Aparna Deb

    Aparna Deb is a Subeditor and writes for the business vertical of News18.com. Among other things, financial market, economy and policies interest her …Read More



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  • US Federal interest rate decision, macroeconomic data, Q2 earnings to dictate market trends this week: Analysts – Times of India

    US Federal interest rate decision, macroeconomic data, Q2 earnings to dictate market trends this week: Analysts – Times of India



    NEW DELHI: The US Federal Reserve’s interest rate decision, global cues, macroeconomicdata announcements and the ongoing quarterly earnings are the major triggers that will dictate trends in stock markets this week, analysts said. Besides, the trading activity of foreign investors and the movement of global oil benchmark Brent crude will also be tracked.
    “All eyes are on the outcome of the US Federal Reserve meeting scheduled for November 1, particularly due to the multi-year high levels of the US bond yields. Additionally, the policy decisions of the Bank of Japan will be closely watched.
    “Beyond these key events, global factors will also play a crucial role. Economic data releases from the US and China, as well as the ever-changing geopolitical situation, will influence market sentiment,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.
    Among firms to announce their earnings this week are Adani Green Energy, DLF, TVS Motor Company, Bharti Airtel, GAIL, Hero MotoCorp, Tata Steel, Adani Enterprises, Tata Motors, InterGlobe Aviation and MRF.
    On the home front, there will be a flurry of Q2 corporate earnings reports, providing valuable insights into the financial health of domestic companies. Monthly auto sales figures are expected to draw attention, particularly because they will reflect the demand during the Dussehra festival season, he added.
    “Market will react to major domestic and global economic events such as India’s S&P Global manufacturing and services PMI (Purchasing Managers’ Index), China manufacturing and non-manufacturing PMI, Eurozone inflation and GDP data, crude oil inventories, UK manufacturing PMI, US manufacturing and services PMI, initial jobless claims, non-farm payrolls, unemployment rate and the Fed interest rate decision,” Arvinder Singh Nanda, Senior Vice President, Master Capital Services Ltd, said.
    In a holiday-shortened last week, the BSE benchmark tanked 1,614.82 points or 2.46 per cent.
    Continuous weakness on the global front is weighing on the sentiment, Ajit Mishra, SVP – Technical Research, Religare Broking Ltd, said.
    Equity benchmark indices Sensex and Nifty on Friday reversed their six-session losing streak and rebounded more than 1 per cent.
    “Despite the strong rebound, we suspect the benchmarks are not out of the woods yet. For markets to remain buoyant, some resolution is needed between the ongoing Israel-Hamas war,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.





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  • Stocks to Watch: RIL, Coforge, GAIL, Tata Motors, Bandhan Bank, TVS Motors, and Others – News18

    Stocks to Watch: RIL, Coforge, GAIL, Tata Motors, Bandhan Bank, TVS Motors, and Others – News18


    Stocks To Watch on August 24: GIFT Nifty on the NSE IX traded 7.5 points, or 0.04 per cent, higher at 19,512, signaling that Dalal Street was headed for muted start on Thursday. Here’s a slew of stocks that will be in focus today for various reasons.

    RIL: Qatar Investment Authority (QIA) will invest Rs 8,278 crore ($1 billion) in Reliance Retail Ventures Ltd (RRVL), the retail arm of Mukesh Ambani-led Reliance Industries, for a 0.99 per cent stake on a fully diluted basis. The investment, through a wholly owned subsidiary of QIA, will be made at a valuation of Rs 8.28 trillion ($100 billion), according to a release by RRVL.

    In 2020, RRVL had raised Rs 47,265 crore from top global investors, including Silver Lake, GIC, PIF, KKR, Mubadala, General Atlantic, Abu Dhabi Investment Authority, TPG, and L Catterton, for a 10.09 per cent stake at a pre-money equity value of Rs 4.21 trillion, the company said.

    Tata Motors: The CCI closed a case against Tata Motors on alleged abuse of its dominant position with respect to agreements with its authorised dealers.

    Coforge: Promoter Hulst BV is looking to offload its entire 26.63 per cent stake in the firm via a block deal, reported CNBC Awaaz. The floor price has been fixed at Rs 4,550 per share, which is at a 7.4 per cent discount to Wednesday’s closing price of Rs 4,913. The Netherlands-registered Hulst BV is owned and controlled by funds affiliated with BPEA (Baring Private Equity Asia). Hulst BV will sell 1.62 crore shares, taking the deal size to around Rs 7,400 crore.

    GAIL: State-owned Gail India plans a capital expenditure of Rs 30,000 crore, mainly in pipelines, petrochemical projects and city gas distribution, over the next three years. The company’s total capital expenditure for FY23 was Rs 10,000 crore. We are targeting to incur a capex Rs 30,000 crore in the next 3 years, mainly on pipelines, ongoing petrochemical projects, CGD projects, operational capex, equity contribution in group companies etc.,” Gail CMD Sandeep Kumar Gupta told shareholders at the AGM.

    Shree Renuka/EID Parry/Balrampur Chini: As per a Reuters report, India is expected to ban mills from exporting sugar in the next season beginning October, halting shipments for the first time in seven years, as a lack of rain has cut cane yields. India’s absence from the world market would be likely to increase benchmark prices in New York and London that are already trading around multi-year highs, triggering fears of further inflation on global food markets.

    NHPC: The state-owned entity has signed a Memorandum of Understanding (MoU) with Andhra Pradesh Power Generation Corporation (APGENCO) for implementation of pumped storage hydro power projects and renewable energy projects in Andhra Pradesh.

    Vascon Engineers: The construction company has received Letter of Acceptance worth Rs 605.65 crore from Bihar Medical Services & Infrastructure Corporation, for construction of Lohia Medical College & Hospital including hospital and residential building, Supaul. The EPC work order has to be completed within 36 months from the date of receipt of Letter of Acceptance.

    Bandhan Bank: Bandhan Bank on Wednesday announced it will enter the co-lending business, for which it will tie up with a couple of NBFCs. Announcing this at the bank’s foundation day programme, its MD and CEO Chandra Shekhar Ghosh said the co-lending business will cover all verticals in which loans are given. “We have selected a couple of NBFCs, and will soon tie up with them,” he said. Ghosh said the bank, which started its journey eight years ago, has 6,100 banking outlets across 35 states and Union Territories at present.

    Muthoot Finance: Muthoot Fincorp Ltd (MFL), the flagship company of Muthoot Pappachan Group, on Wednesday said its new digital financial platform Muthoot Fincorp One will introduce insurance, personal loans, two-wheeler, and housing loans in six months. Muthoot Fincorp One has reported over 20,000 daily transactions, and over 200,000 app downloads. In six months, it plans to introduce these new products to reach 80,000 daily transactions, and a million app downloads.

    Procter & Gamble Health: The FMCG company has reported a 28 per cent on year fall in its net profit to Rs 29.8 crore for quarter ended June (Q1FY23), due to higher material cost and one-time employee cost. Revenue from operations grew by 1.8 per cent year-on-year to Rs 301.2 crore during the quarter. The company announced a final dividend of Rs 50 per share for financial year ended June 2023.

    TVS Motors: TVS Motor Co., maker of the iQube electric scooter is expanding its play in the e-two-wheeler market with the launch of its first born-electric two-wheeler, a crossover between a motorcycle and a scooter which is aimed at young customers in the premium-end of the Indian and international electric two-wheeler markets. The launch of TVS X will be followed by the introduction of the latest generation of iQube EV, as well as more products in electric three-wheeler cargo and even electric bicycle space, Sudarshan Venu, managing director, TVS Motor, said.

    Oriana Power: Oriana Power has won a contract worth Rs 138 crore from Bharat Coking Coal Limited (BCCL) to set up a 20MW AC ground-mounted solar photovoltaic power plant at Dugdha washery area, Dhanbad, Jharkhand. The EPC phase of this project is slated for completion within 12 months. This comprehensive contract encompasses a spectrum of activities ranging from design and procurement of solar equipment to construction, meticulous testing, seamless commissioning, integration with the transmission network, and a steadfast five-year operation and maintenance commitment.

    Torrent Pharmaceuticals: The US FDA has granted Voluntary Action Indicated classification to Torrent Pharma’s manufacturing site in Dahej, Gujarat. The Dahej site was earlier placed under ‘Official Action Indicated (OAI)’ classification based on a March 2019 inspection outcome. The site was re-inspected by the USFDA between May 17 and May 25, 2023 and the officials had issued Form 483 with two observations.

    Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.



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  • Stocks to Watch: GAIL, Fortis, ONGC, Paytm, Tata Power, Wipro, BPCL, and Others – News18

    Stocks to Watch: GAIL, Fortis, ONGC, Paytm, Tata Power, Wipro, BPCL, and Others – News18


    Last Updated: June 23, 2023, 08:21 IST

    Stocks to Watch on June 23: The Nifty futures contract traded on the Singapore Exchange indicates a positive/negative start to domestic equities. The contract was trading at 18,850, up 19 points or 0.10% from the previous close.

    L&T: The construction conglomerate inked pact with the Defence Research and Development Organisation (DRDO) for realisation of two air-independent propulsion (AIP) modules for the Kalvari class of submarines of the Indian Navy.

    Fortis Healthcare: The company signed definitive agreements to sell its hospital business operations at Vadapalani, Chennai to Sri Kauvery Medical Care (India), for a sale consideration of Rs 152 crore.

    GAIL: The gas distributor won licence to build a gas pipeline from Gurdaspur in Punjab to Jammu, beating Indian Oil Corporation. The 175-km long pipeline will carry environment-friendly fuel to Jammu, and have an initial capacity to carry at least 2 million standard cubic meters per day. READ MORE

    ONGC: The state-owned company linked Panna oilfield in the Arabian Sea to shore through a sub-sea pipeline, saving $43,000 a day that was previously incurred in transporting crude oil through ships. READ MORE

    Tata Power: According to reports, the company is planning to raise up to Rs 2,500 crore by selling some of its assets overseas, including hydro assets in Zambia, and two coal mines in Indonesia.

    Paytm: The company signed an MoU with Arunachal Pradesh Innovation and Investment Park (APIIP) to create a startup ecosystem for the youth in the northeastern state. The Paytm Incubation Centre, according to the MoU, would provide products to early-age startups at a discounted price.

    Vedanta: The company that did not plan to sell its copper plant at Thoothukudi in Tamil Nadu, and called media reports of selling the plant as ‘wrong, baseless and incorrect.’

    Wipro: The IT services company inaugurated its new office at Sable Park, Century City, in Cape Town. The new office, said the management, would help address requirements of the growing client base in South Africa, and provide opportunities to local talent.

    Coforge: Coforge has acquired the final tranche shares of balance 20% in Coforge Business Process Solutions aggregating its shareholding to 80%.

    BPCL: A Board meeting of BPCL will be held on June 28 to consider the various modalities for capital infusion including rights issue, for achieving energy transition, net zero and energy security objectives.

    Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.

    Aparna Deb

    Aparna Deb is a Subeditor and writes for the business vertical of News18.com. Among other things, financial market, economy and policies interest her …Read More



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  • Stocks to Watch: IKIO Lighting, RIL, IndiGo, Axis Bank, GAIL, UTI AMC, and Others – News18

    Stocks to Watch: IKIO Lighting, RIL, IndiGo, Axis Bank, GAIL, UTI AMC, and Others – News18


    Stocks To Watch June 16: The Nifty futures contract traded on the Singapore Exchange indicates a positive start to domestic equities. The contract was trading at 18,810.50, up 50.5 points or 0.27% from the previous close.

    IKIO Lighting: The stock is likely to debut with a gain of 30-35 per cent today as per cues from the grey market. The Rs 607 crore IPO was subscribed almost 66 times, with high net individuals subscription at 63 times, and retail at 14 times.

    Reliance (RIL): The company is in talks with lenders for a foreign-currency loan of up to $2 billion to fuel the ongoing expansion of its oil-to-telecoms business, according to people familiar with the matter. Lenders involved in the discussions include Bank of America, Citigroup and Standard Chartered.

    Hero MotoCorp: The Ministry of Corporate Affairs has ordered an investigation to assess the two-wheeler major’s relationship with a third-party vendor in a case related to alleged diversion of funds, two government sources told Reuters on Thursday.

    IndiGo, SpiceJet: IndiGo registered its highest-ever domestic market share of 61.4 per cent in May, capitalising on Go First suspending flights. Domestic airlines flew over 13.2 million passengers in May, up over 3 per cent sequentially. However, SpiceJet’s market share declined to 5.4 per cent from 5.8 per cent in the previous month.

    Ramkrishna Forgings, Titagarh: A consortium between Ramkrishna Forgings and Titagarh Rail Systems has been awarded the contract to manufacture and supply 15,40,000 forged wheels over a span of 20 years, under the AatmaNirbhar Bharat Initiative by Ministry of Railways, Government of India. The contract will see the consortium delivering 40,000 forged wheels during the first year, 60,000 wheels in the second year and 80,000 wheels every subsequent year thereafter, with the total contract valued at Rs 12,226.5 crore.

    UTI AMC: Sponsors of UTI Mutual Fund, including State Bank of India (SBI), Punjab National Bank (PNB) and Life Insurance Corporation of India (LIC), have initiated the process to dilute their stake in India’s oldest fund house. The three collectively hold 45.21 of the paid-up capital in UTI.

    Ashok Leyland: The commercial vehicle manufacturer in association with Aidrivers, a specialist in AI-enabled autonomous solutions, will produce autonomous electric terminal trucks to address the net zero emissions needs of the port industry.

    Glenmark Pharmaceuticals: The drug maker has slashed the price of breast cancer drug Trastuzumab by bringing its brand Trumab at Rs 15,749 for a 440 mg vial from Rs 54,000 earlier. This price reduction will bring the per mg cost of Trumab to around Rs 35, making it the most affordable treatment option for HER2-positive breast cancer, Glenmark said in a statement.

    Axis Bank: Private investment firm Bain Capital has sold partial stake in private lender Axis Bank via block deal on Thursday, while many domestic and foreign funds lapped up the shares.

    GAIL: Sanjay Kumar has assumed charge as director (marketing) of GAIL (India). Prior to his new role, Kumar was the MD of Indraprastha Gas.

    Disclaimer:Network18 and TV18 – the companies that operate news18.com – are controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

    Aparna Deb

    Aparna Deb is a Subeditor and writes for the business vertical of News18.com. Among other things, financial market, economy and policies interest her …Read More



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