Sensex tanks almost 200 points as bank, metal stocks falter
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NEW DELHI: Equity indices on Friday started off on a negative note as trade war woes reached new heights after US dragged India to World Trade Organisation (WTO) over six export subsidy schemes.
The BSE index opened absolutely flat but soon started to slip as bank and metal stocks cracked. The two sectors have been under pressure due to frauds and Trump administration's decision to impose substantial tariffs on steel and aluminium imports, respectively. In Friday's early trade, both the sectoral sub-indices were down almost a per cent.
As a result, at 9.38 am, Sensex had lost 183 points., while Nifty too was down half a per cent.
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Mahindra & Mahindra Financial Services on Tuesday said it has appointed Mahesh Rajaraman as Chief Risk Officer (CRO) of the company with effect from August 1, 2024.
In a regulatory filing, Mahindra Finance said Mallika Mittal has tendered her resignation and ceased to be the CRO of the company with effect from May 17.
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AstraZeneca aims to grow revenue by about 75% to $80 billion by 2030, it said on Tuesday, boosted by the expected launch of 20 new medicines and through growth in its existing oncology, biopharmaceuticals and rare disease portfolio.
The Anglo-Swedish drugmaker had reported total revenue of $45.81 billion last year and earlier expected to launch at least 15 new medicines between 2023 and 2030.
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Realty firm Shriram Properties Ltd has partnered with a landowner to develop a 4-acre housing project in Bengaluru with an estimated revenue potential of more than Rs 250 crore.
In a regulatory filing on Tuesday, the company informed that it has signed a Joint Development Agreement (JDA) for the development of a prime 4-acre land parcel located at Yelahanka in Bengaluru.
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Claiming that the BJP has bagged 310 seats after the completion of five phases of the Lok Sabha polls, Union Home Minister Amit Shah on Tuesday urged the people of Odisha to free the state from babu-raj and allow the BJP to form government at the Centre and also in the state.
Addressing an election rally in Sambalpur where the BJP has fielded Union Minister Dharmendra Pradhan, Shah said this time lotus, the party's symbol, will bloom in Odisha.
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JSW Cement will invest around Rs 3,000 crore to set up a new cement manufacturing factory in Nagaur district of Rajasthan, said the Sajjan Jindal company on Tuesday.
The investment includes a clinkerisation unit of up to 3.30 million tonnes per annum and a grinding unit of up to 2.50 MTPA, along with an 18 MW waste heat recovery-based power plant, said the company, referring to manufacturing processes.
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