Last updated: March 17, 2023, 8:16 AM IST
The Nifty futures contract traded on the Singapore Exchange indicates a positive/negative start for domestic equities. The contract traded at 17,140, up 117.5 points or 0.69% from the previous close.
Adani Enterprises, Adani Power, Adani Wilmar
The controversial shares of the Adani group will leave the NSE’s short-term supervision measure after eight days. The margins on these securities will be used on all derivative contracts prior to ASM.
TCS
TCS Managing Director and CEO Rajesh Gopinathan has stepped down from his position “to pursue other interests”, and will step down on September 15, 2023. K Krithivasan has been appointed as Chief Executive Officer Designate of Tata Consultancy Services effective immediately – he will take over as the Managing Director and CEO in the next financial year.
Sea
Zee Entertainment Enterprises would have agreed to settle IndusInd Bank’s dues, after which the private lender would withdraw insolvency proceedings against the media company.
Mahindra and Mahindra
Mahindra Consulting Engineers, a subsidiary focused on infrastructure technical consultancy services, has been sold to Artelia. M&M’s 60.88% stake of 11,51,000 shares was sold in one or more tranches at a price of Rs 89.66 per share for a total consideration of Rs 10.3 crore. Consequently, Mahindra Namaste, a wholly owned subsidiary of MCEL, is also no longer a subsidiary of M&M.
Adani transmission
The transmission company set up a new subsidiary, Adani Electricity Aurangabad, for applying for a parallel distribution license in the Aurangabad area.
Steel Authority of India
The board of directors of SAIL approved the dividend of Rs 1, which equates to 10%, on shares with a par value of Rs 10 each. The registration date is March 24.
Samvardhan Mother Son
Japanese promoter company Sumitomo Wiring Systems sold nearly 5% of shares in Samvardhana Motherson International Ltd in a block deal on Thursday.
NTPC
Malaysian Petronas has offered Rs 3,800 crore ($460 million) to buy a 20% stake in the green energy arm of India’s largest power producer, NTPC, in the first deal of its kind by a state-owned company, Reuters reported.
Trace Vikas Nigam
Rail Vikas Nigam Limited emerged as the lowest bidder for the 11 KV line project worth Rs 111.85 crore.
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