Gammon India shares surge over 16% on bagging Rs 870 cr road contract from NHAI
Posted on 18th August 2016 |
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| Gammon India shares surged over 16 per cent on Thursday after the infrastructure company bagged a civil Engineering, Procurement and Construction (EPC) order worth Rs 869.99 crore from National Highways Authority of India (NHAI) for widening of a highway in Karnataka under NHDP. The project Gammon India has won is for four laning of Hospet – Bellary – Karnataka / AP Border from Km.280.080 (Design Ch.) to Km.375.450 (Design Ch.), design length 98.370, NH-63 in the State of Karnataka under NHDP Phase-IVB on EPC mode. Gammon India scrip was trading 10.27 per cent up at Rs 16.10at 10.09 am. The scrip opened at Rs 16 and has touched a high and low of Rs 16.95 and Rs 15.80, respectively, in trade so far. Sensex was trading 111.28 points up at 28,116.65 duirng the same time. The BSE group ‘B’ stock of face value Rs 2 has touched a 52-week-high of Rs 21.50 on Jan 6, 2016 and a 52-week-low of Rs 10.35 on Mar 30, 2016. The promoters holding in the company stood at 12.83 per cent, while Institutions and Non-Institutions held 67.86 per cent and 19.31 per cent, respectively. Gammon India provides engineering services and construction of services. It operates in plan, design and undertakes construction of roads, highways, bridges and other projects. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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