Cairn India and Vedanta have filed the Scheme of Arrangement along with other requisite documents with the BSE and the NSE for their approvals.
Cairn India Limited and Vedanta Limited (“Vedanta”) have filed the Scheme of Arrangement along with other requisite documents with BSE Limited and the National Stock Exchange of India Limited, for their approvals.
Cairn India has jumped 1.7 percent at Rs. 185, and has seen trades of around 78,000 shares as against the two-week daily average volume of 340,000 shares.
The stock advanced 2 percent in early morning trade.
Dena Bank advanced 2 percent to touch a high of Rs. 46.35 on reports of tie-up with MUDRA (Micro Units Development and Refinance Agency) Bank.Dena Bank has inked a pact with Mudra Bank to finance new entrepreneurs and small businesses. To government plans to facilitate finance up to Rs. 100,000 crore to promote very small businesses in the current financial year.The stock is now up a percent at Rs. 45.90. The counter has seen trades of around 29,000 shares as against the two-week daily average volume of around 78,000 shares on the BSE.Meanwhile, the Sensex has jumped 51 points to 27,780
The stock is up over a percent on commissioning its North Eastern plant.
BHEL extends gains on commissioning its first 250 MW Unit at the highest rating coal-based power plant in North East India.The stock on Wednesday rallied over 4 percent following the announcement. So far this morning the stock has jumped to a high of Rs. 258, and is now up a percent at Rs. 257. Around 33,000 shares have changed hands in the opening trades on the BSE.Meanwhile, the Sensex is down 28 points at 27,702.
Some buying activity is seen in capital goods and pharma sectors, while banking, IT, auto, fmcg, consumer durables, metal and oil&gas sectors are showing weakness on BSE.
The market has started the day on a negative note ahead of futures & options expiry today and also as the Greek talks ended without a deal yesterday.At 9:34 AM, the S&P BSE Sensex is trading at 27,759 up 29 points, while NSE Nifty is trading at 8,363 up mere down two points.The BSE Mid-cap Index is trading up 0.07% at 10,624, whereas BSE Small-cap Index is trading down 0.06% at 11,077.Some buying activity is seen in capital goods and pharma sectors, while banking, IT, auto, fmcg, consumer durables, metal and oil&gas sectors are showing weakness on BSE.Bhel, Lupin, Hero Moto Corp, L&T, Bharti Airtel and Sun Pharma are among the gainers, whereas M&M, SBI, Cipla, HUL, ONGC, GAIL and Hindalco are losing sheen on BSE.All sectoral indices are trading in negative zone, except, CNX Pharma index - up 0.4 percent at 12,044.The PSU Bank index has declined over 0.5 percent at 3,240. The FMCG, Metal, Energy and IT indices are the other losers.Punjab National Bank is the top loser in the Nifty space - down almost 2 percent at Rs. 135. Bank of Baroda slipped nearly 2 percent at Rs. 143.Mahindra & Mahindra, SBI, HCL Technologies, ONGC, Gail India and Hindustan Unilever are the other significant losers.On the other hand, Hero MotoCorp and BHEL have spurted nearly a percent each at Rs. 2,541 and Rs. 256, respectively.Zee Entertainment, Lupin, Dr.Reddy's, Cairn India, BPCL and Sun Pharma are the other notable gainers
Vedanta Resources plc is planning to invest close to Rs4.8bn in setting up modern anganwadi centres, village courtyards delivering mother and child care services, across India.
Vedanta Resources plc is planning to invest close to Rs4.8bn in setting up modern anganwadi centres, village courtyards delivering mother and child care services, across India. Zydus Cadila has received final approval from the US drug regulator, US FDA, to market Pyridostigmine Bromide Tablets USP, 60 mg.Gujarat Pipavav Port said it has suspended port operations at Pipavav due to the cyclonic weather conditions prevailing and break down of power supply and communication that occurred Tuesday night. Adani Mining it was rejigging the budget on the US$7.72 bn Carmichael coal mine project in Australia as it faces delays in government approvals.Vaibhav Global Ltd (VGL), an electronic retailer of affordable fashion like jewellery, watches, bags, home decor etc, in US, Canada, UK and Ireland, is eyeing to grow 20 % year on year for the next three years, banking on the demand from the middle class consumers in these countries.Crompton Greaves has signed a long term alliance pact with Spanish European consumer appliances company SOGO to sell kitchen appliances in India.Bharti Airtel launched 4G services in Mysore that will allow its customers to access high speed access to the Internet.Reckitt Benckiser said it has not received any recall orders for its Dettol soap, and denied having violated regulatory guidelines pertaining to the product.Videocon Group will invest approximately Rs. 1.5 bn in West Bengal in ramping up two of its manufacturing facilities here in the State.Escorts has partnered with Cognizant Technology Solutions in a multi-year, multi-million dollar engagement to digitally transform its businesses across all segments. This includes agri-machinery, material handling and construction equipment, railway equipment and auto components.L&T Hydrocarbon Engineering Ltd has received a fresh order worth Rs 27.15bn from upstream major Oil & Natural Gas Corporation (ONGC) for creating new process platforms and other infrastructure at Bassein field, which is located in Western offshore basin.
The Union Shipping Ministry has decided to utilise 20% of its diesel requirement through bio-diesel at 12 major ports.
The Union Shipping Ministry has decided to utilise 20% of its diesel requirement through bio-diesel at 12 major ports.Centre is planning to give Rs. 250-300bn bonanza for road infrastructure to West Bengal.
Tech Mahindra will support Circle in developing its innovative MSK service across Bedfordshire, providing patients with the ability to book their MRI appointments from their mobile phones and GPs viewing scans and reports from their mobile devices.
Tech Mahindra, a specialist in digital transformation,consulting and business re-engineering today announced that it has been selected by Circle Health after a competitive procurement process to become their chosen technology partner for the next 10 years. The project will be delivered by nth Dimension, a newly formed wholly owned subsidiary of Tech Mahindra in the United Kingdom.The deal was signed today and is worth a projected £50 million over the 10 years.In response to the creation of the partnership Circle will provide access to Its hospitals, clinicians and experience of running healthcare, allowing Tech Mahindra to develop and adopt new technologies that improve patient care, operational delivery and to reduce costs for all parties. Tech Mahindra will develop new IT solutions for Circle's hospitals and NHS management contracts - giving its facilities access to state-of-the-art technologies that it has deployed in other sectors such as the telecoms sector, supporting the adoption of mobile healthcare solutions.Both Circle and Tech Mahindra have ambitious growth plans for the healthcare sector, focusing in the first instance on the creation of a new state of the art hospital in Birmingham that will allow for a wide range of innovations to be adopted withinthe design phase. Additionally Tech Mahindra will support Circle in developing its innovative MSK service across Bedfordshire, providing patients with the ability to book their MRI appointments fromtheir mobile phones and GPs viewing scans and reports from their mobile devices.Steve Melton, Chief Executive of Circle, said: "This deal is a sign of the_ times. Healthcare has yet to see the tech-led disruption that we've seen in other sectors, but we think that is about to patient access to data - while the need for healthcare operators to be efficient has never been higher." He also added, "Tech Mahindra are a hugely respected firm wil/1 a track record of innovation. Its technology has made organizations across a vast range of sectors more connected, agile and efficient. We're absolutely delighted our partnership with Tech Mahindra will support us to grow our business and improve our competitiveness through the adoption of new technologies."Rajib Bhattacharya, Tech Mahindra said:."We are extremely excited to be able to announce our new partnership with Circle, we have a long record of creating long term partnerships with our clients, focusing on helping them grow their business and reducing the cost of technology. Circle share our passion for exploring new innovation and challenging the status quo and over the course of the next few years we will seek to create a new paradigm for technology in healthcare, focusing on thepatient and the healthcare worker and ensuring that technology is supports rather than distracts from the important business of delivering healthcare.
The local unit hit a low of 63.64 and a high of 63.59 against the US dollar.
The rupee today opened at 63.59 against the US dollar. The local unit hit a low of 63.64 and a high of 63.59 against the US dollar.On Wednesday, rupee ended at 63.60 against the US dollar. The F&O expiry will bring its share of swings for the day. The net outstanding purchases of index put options by FIIs had risen to over 11 lakh contracts on Tuesday.The Dow Jones industrial average fell 178 points, or 0.98 per cent, to 17,966.07, the S&P 500 lost 15.62 points, or 0.74 per cent, to 2,108.58 and the Nasdaq Composite dropped 37.68 points, or 0.73 per cent, to 5,122.41.
