the Singapore Exchange Nifty futures were down 0.4% at 16,500 as of Wednesday at 6:52 am. This suggested that the benchmark indices for India will open lower. After a long defense weekend of trading, US stocks ended lower as investors await the largest economy in the world's GDP figures. Investors at home will respond to the domestic production figures because the Indian economy shrank to 4.1% in the March quarter.
Bharat Dynamics Limited
To purchase multiple batches of the Astra MK-I beyond visual range (BVR) air-to-air missiles and related equipment, the defense ministry signed a contract worth Rs 2,971 crore with Bharat Dynamics Limited (BDL) on Tuesday. According to the ministry, the Indian Air Force (IAF) and the Indian Navy would use the missiles.
On Tuesday, the market regulator Sebi announced that Religare Enterprises and Religare Finvest had satisfied fees totaling more than Rs 10.50 crore in a matter involving alleged financial mismanagement and fund divergence.
According to a CNBC-TV18 story, the promoters of the shoemaker would sell a 2.8% stake in the business through a block deal on June 1.
Saikat Mukhopadhyay, the company's chief financial officer, left his position effective May 31.
Some shareholders claim that the decision by Dish TV India Ltd to write off approximately 15% of its investments in the OTT streaming service Watch supports the case made by the company's largest shareholder, Yes Bank Ltd. Yes, Bank Ltd was unhappy with these investments and began its campaign to force a promoter change in the satellite-TV provider in September last year.
As automakers prepare to release their May monthly sales figures, shares of businesses like Tata Motors, Maruti Suzuki, Ashok Leyland, and M&M among others will be closely watched.
According to reports, IndiGo's CEO claimed the company is in operational alliance discussions with three to four more international carriers and anticipates having 12 agreements in the next two to three years.
China, the biggest buyer of commodities worldwide, reported improved industry growth and also announced loosening COvid limitations.
Energy company growth will continue to be fueled by higher oil prices and margins from refining.
Rail Vikas Nigam
Northeast Frontier Railway has granted a Letter of Acceptance to the joint venture RVNL-Bhartia for the building of a single-line BG tunnel. The project is expected to cost a total of Rs 560.26 crore.
Pawan Chaudhary, the company's promoter, purchased 1.26 lakh equity shares in the company through open market transactions. His ownership of the company increased from 11.87 to 12.82 percent. long defense