Asian paintings, GR Infraprojects, PNB Housing and others

Nifty futures on the Singapore Stock Exchange traded 1 point, or 0.01%, at 15,723, signaling Dalal Street was heading for a muted start on Wednesday. The market extended losses for a third straight session, with the Nifty50 hitting a new 2022 closing low on June 14, as traders remained cautious ahead of the US Federal Reserve’s interest rate decision. The BSE Sensex fell 153 points to 52,694, while the Nifty50 fell 42 points to 15,732.

The Nifty50 has formed a small positive candle on the daily chart with a long upper shadow, according to Nagaraj Shetti, technical research analyst at HDFC Securities.

“There is no evidence of a strong rally emerging from near crucial support at the 15,700-15,650 levels…There is a greater possibility of closing the recently formed downside gap around the 16,170 levels from here 1-2 weeks,” he said.

Asian Paintings

The paint company has acquired a 51% stake in Weatherseal Fenestration for Rs 18.84 crore. Weatherseal Fenestration is now a subsidiary of the company.

GNP housing finance

The company, in its BSE filing, said its board had approved the issuance of non-convertible debentures totaling up to Rs 2,000 crore on a private placement basis.

Engineers India

Nayveli Lignite Corporation has appointed Engineers India as Project Management Consultant for its 1,200 TPD Methanol Lignite Project. This historic project should be commissioned in 2027.

GR Infraprojects

Subsidiary GR Bandikui Jaipur Expressway Private Limited signed the concession contract with the National Highways Authority of India. The project worth Rs 1,368 crore involves the construction of a 4-lane green highway spur of the Delhi-Vadodara Greenfield highway near Bandikui in Jaipur to Bharatmala Pariyojana Phase-1 in Rajasthan in annuity mode hybrid.

NTPC

The public utility company will begin commercial operations of its 15 MW solar capacity at Kawas Solar Project in Gujarat. The capacity is part of the 56 MW Kawas Solar Project located at Kawas near the Surat district of the state.

Bharti Airtel

The major telecom player has announced the Xstream multiplex, which the telecom operator says is India’s first multiplex in the metaverse. The multiple Xstream..

IDBI Bank

Lender LIC run said it had raised interest rates by up to 25 basis points (bps) on retail term deposits of less than Rs 2 crore. The revised rates would apply to different tenors for domestic term deposits, non-resident ordinary term deposits (NRO) and non-resident external term deposits (NRE), starting June 15.

Yes Bank

Yes Securities, a wholly-owned subsidiary of the lender, said it was optimistic about expanding its footprint to more cities in West Bengal and does not foresee any negative impact on retail investor interest in the stock market. , despite a sharp correction and high volatility. It said it aims to double its physical store inventory to 24.

Pricol

Priyadarsi Bastia is appointed Chief Financial Officer and Key Management Personnel of the Company, effective July 1, 2022. This was after the resignation of P Krishnamoorthy as Chief Financial Officer of the Company.

cipla

Cipla and the non-profit research and development organization DNDi have launched a child-friendly 4-in-1 antiretroviral treatment for young children living with HIV in South Africa. This combination treatment was developed by Cipla and the Drugs for Neglected Diseases (DNDi) initiative.

Information Technology Developer

The company has booked orders worth Rs 2.52 crore for an integrated online portal for farmers (RajKisan Saathi) comprising services related to agriculture, horticulture, seed certification, the seed company and agricultural marketing.

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Garland K. Long