Top gainer: Kotak Bank 2,173 ▲ 94 (+4.53%)
Top loser: Titan 3,079 ▼83 (-2.65%)
Shares of natural gas transmission company GAIL (India) Ltd rose after the Petroleum and Natural Gas Regulatory Board (PNGRB) proposed regulatory changes on natural gas
Shares of natural gas transmission company GAIL (India) Ltd rose after the Petroleum and Natural Gas Regulatory Board (PNGRB) proposed regulatory changes on natural gas. The stock climbed as much as 6.48% to ₹186.4 per share on the NSE. At 12:58 pm, it was up 4.21%. The government body has sought an amendment to the Natural Gas Pipeline Tariff Regulations, 2008 and has invited public comments on the changes by April 11, according to a CNBC report.
Shares of the private lender climbed 5% to ₹2,184.25 apiece
Shares of the private lender climbed 5% to ₹2,184.25 apiece, its 52-week-high mark. This development comes after key management changes in the bank. Bhavnish Lathia, who joined the bank in August 2022, has been appointed as the new chief technology officer (CTO). In a statement, Ashok Vaswani, MD and CEO of Kotak Mahindra Bank said, “His (Lathia’s) leadership will be crucial in ensuring that Kotak remains at the forefront of technological advancements in the banking sector.” The bank also announced that Vyomesh Kapasi will lead the consumer bank.
Shares of Mukesh Ambani-led company climbed 2.10% to ₹1,303.1 per unit on the NSE
Shares of Mukesh Ambani-led company climbed 2.10% to ₹1,303.1 per unit on the NSE after its step-down wholly owned subsidiary Nauyaan Tradings Pvt Ltd (NTPL) completed a 74% stake acquisition in Nauyaan Shipyard Pvt Ltd (NSPL) from Welspun Corp for ₹382.73 crore.