Good afternoon
NIFTY 50 is trading flat after yesterday’s steep fall. Currently it is hovering around 22,000 levels.
Top gainer: M&M: 1,941 ▲ 40 (+2.1%)
Top loser: APOLLOHOSP: 6,122 ▼ 240 (-3.7%)
Exicom Tele System IPO receives strong investor interest
The IPO of Exicom Tele System has been subscribed more than 40 times on day 3. Retail investors are showing strong interest in the IPO. The retail portion has been subscribed 86 times.
NTPC, MAHAGENCO sign deal for renewable energy parks in Maharashtra
NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC Limited, has inked a JV agreement with Maharashtra State Power Generation Company Limited (MAHAGENCO) to develop renewable energy parks in Maharashtra.
Coal India inks joint venture agreement with BHEL for ammonium nitrate plant in Odisha
State-owned Coal India Limited on Wednesday announced signing a joint venture agreement with Bharat Heavy Electricals Limited (BHEL) to set up an ammonium nitrate plant through the surface coal gasification (SCG) technology route.
Reliance, Disney announce joint venture to create media powerhouse
Mukesh Ambani-led Reliance Industries has entered into a “binding” definitive agreement with Walt Disney to form a joint venture. The transaction values the JV at ₹70,352 crore on a post-money basis. Reliance Industries will have a controlling stake in the joint venture. RIL will hold 16.34% of the stake directly and another 46.82% through Viacom18. Disney will own the remaining 36.84% stake.