Markets are trading in the green with the NIFTY50 trading above the 19,500 level, as of 12:30 pm. Here are the top stories for the day!
Reliance enters into joint-venture with Superdry
Reliance Brands, a wholly owned subsidiary of Reliance Industries, has entered into a joint-venture agreement with British retailer Superdry for India, Sri Lanka, and Bangladesh. The deal is worth 40 million euros and gives Reliance Brands a 76% stake in the joint venture.
Hero MotoCorp surges on strong bookings
Shares of the two-wheeler manufacturer rose 2% intraday. The company announced that it received 13,688 bookings for its Karizma XMR and plans to deliver them from this month onwards.
Nazara Tech soars on acquisition
Shares of the gaming and e-sports company jumped over 6% intraday after its subsidiary acquired 100% stake in a game marketing agency PublishME for $2 million.
Deepak Nitrite rises on new venture
Shares of the chemicals manufacturer are up by 1.1%. This came after the company announced its entry into the project engineering, procurement, construction, commissioning, management and consultancy services through a wholly owned subsidiary.