Trends on SGX Nifty point to a positive start for the broader index in India, with a gain of 42.50 points or 0.26 percent. The Nifty futures traded on the Singapore exchange at 7:30 am IST at the 16,659.50 level. In the previous session, Indian benchmark indices limited some losses in late trading, while port demand fueled by the Russian invasion of Ukraine moderated. The BSE Sensex fell 778 points to 55,469, while the Nifty50 plunged 188 points to 16,606.
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The board of directors has approved a third interim dividend of Rs 13 per share share for the 2021-22 financial year. The total outflow for dividends will be Rs 4,832 crore. The record date for the payment of dividends has been set at March 10.
The company said the board will consider a fundraising campaign of up to Rs 2,000 crore on March 5.
The Bengaluru-based IT services company has launched a cloud car platform for software-defined vehicles.
The fertilizer maker has approved a repurchase proposal for 12,571,428 shares at Rs 875 per share. The total amount of Rs 1,100 crore represents 14.56 percent and 5.71 percent respectively of the total paid-up share capital and free reserves as of March 31, 2021.
Punjab and Sind Bank
To consider preferential issuance of shares to the Government of India worth up to Rs 4,600 crore on March 31.
The company has secured a Rs 42.2 crore contract from South Eastern Railway for the construction of a major bridge between Basta and Rupsa.
The electrical equipment manufacturer has received orders worth Rs 57.32 crore in February 2022.
Investor Duane Park acquired 1.21 percent shares in the company through open market operations. This puts the stake in the company at 10.35 percent, compared to 9.14 percent earlier.
The company completed the sale of its turbocharger business to Turbocharging Industries and Services India, as a going concern, on a slump sales basis to its wholly owned subsidiary for Rs 310 crore. By January of this year, it had established a wholly owned subsidiary – Turbocharging Industries and Services India.
The stainless steel company has sold its land in Thane for Rs 806.14 crore. It has entered into an agreement for the sale of said 47-acre land.
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