Handy futures on the Singapore Exchange traded 55 points, or 0.36 percent, higher at 15,452, indicating Dalal Street was off to a positive start on Thursday.
The market was completely in a bear trap after a day of rally, falling more than one percent in the previous session, swept up by sector selling and weak global signals. The BSE Sensex fell more than 700 points, or 1.35 percent, to 51,823, while the Nifty50 fell 225.50 points, or 1.44 percent, to 15,413.
DCB bank
The private sector lender has appointed Satish Gundewar as the Chief Financial Officer and Key Managerial Personnel, following the retirement of Bharat Laxmidas Sampat from the said position.
Imagicaaworld Entertainment
The company has successfully completed its debt settlement and has hired new promoters to its board of directors. The board has approved the allotment of shares and 0.01 percent redeemable non-convertible preferred stock on a preferential basis as part of the resolution plan agreed upon by the lenders under the RBI Prudential Framework.
ITC
The Kolkata-based company, which exports unmanufactured or raw tobacco to British American Tobacco (BAT), said it could supply it in 2022-23 at a value of nearly Rs 1990 crore, according to the company’s shareholder notification for the upcoming annual general meeting (AGM).
Delhivery
Logistics company announced its plans to expand its infrastructure in Bhiwandi (Greater Mumbai) and Bengaluru to increase its throughput capacity to meet demand from the southern and western regions of the country.
GAIL
The country’s largest gas transportation and marketing company said it plans to engage in distributed production of liquefied natural gas (LNG) to bring the fuel to users. GAIL will liquefy or turn natural gas at temperatures below freezing and transport it to users in trucks.
Vodafone idea
The telecom operator said the board approved the raising of funds up to Rs 436.21 crore from promoter Euro Pacific on a preferential basis. The board of directors also approved the convening of an Extraordinary General Meeting of the company on July 15 to seek shareholder approval for the said preferred issue.
Bajaj Auto
The auto company told stock exchanges that its board of directors will meet on June 27 to discuss further the company’s share buyback proposal.
IRB Infrastructure Developers
IRB Infrastructure received 75 percent of the arbitration award of Rs 419 crore from IRB Pathankot Amritsar Toll Road Ltd, an SPV of IRB InvIT Fund. The Court upheld the arbitral tribunal’s order and ordered NHAI to release 75 percent of the arbitration amount i.e. Rs 308 crore to the company. IRB Infra was the EPC contractor for the Pathankot-Amritsar BOT project.
GPT Infrastructure projects
The company has secured an order worth Rs 292 crore to carry out overpasses, major bridges, ROBs, vehicle supply, site facilities and other allied works for East Coast Railway’s new Khurda Road-Bolangir BG link project. This contract is a joint venture.
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