Ex NSE Cheif Chitra Ramkrishna Arrested By CBI
The former National Stock Exchange (NSE) chief Chitra Ramkrishna has been taken into custody by the Central Bureau of Investigation(CBI). She has been arrested for taking huge decisions under the influence of a ‘Himalayan Yogi’. According to sources, the Himalayan Yogi was revealed to be Anand Subramanian, former Group Operating Officer (GOO), also arrested by the CBI. Moreover, sources say that Chitra refused to ‘recognise’ Anand Subramanian when the CBI interrogated the two together.
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As global oil prices surge, Indian Rupee hits lifetime low
The Indian Rupee has hit the lowest ever since the global oil prices have surged. The Indian National Rupee(INR) trades at Rs 76.96 per US Dollar(USD). Global oil prices have surged at an all-time high since the 2008 global financial crisis where Brent Crude was trading at $124 per barrel and WTI Crude at $123 per barrel.
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PVR and Cinepolis in talks for a merger
According to an Economic Times report, Leading cinema chain PVR and the Indian unit of Mexican company Cinepolis are in advanced talks for a merger. According to a Business Today report, the merged entity will be valued at Rs 13,500 crore.
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NSE faces technical glitch, Investors complain
On March 07, the National Stock Exchange(NSE) faced a technical glitch in the early hours where it stopped reporting an issue with data feeds for NSE stocks. “There is an issue with data feeds for NSE stocks from the exchange across all members. Please check 20 market depth before placing orders or place orders on BSE” said India’s leading brokerage firm in a tweet. The glitch was resolved and Zerodha confirmed it in a tweet.
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JSW to supply 240MW hydropower to Haryana, signs PPA
JSW Steel Ltd has entered a Power Purchase Agreement(PPA) with the Haryana Power Purchase Centre (HPPC) to supply 240 MW from Hydro Power. The agreement is valid for 35 years (with further extension at mutually agreed terms), and signed at a levelised ceiling tariff of Rs 4.50 per kWh (kilowatt-hour).
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Zydus gets DCGI nod for drug to treat anemia associated with chronic kidney disease.
Pharma major Zydus Zydus Lifesciences has received approval for its New Drug Application (NDA) from the Drug Controller General of India for Oxemia (Desidustat), a first-of-its-kind oral treatment in India for anaemia associated with Chronic Kidney Disease (CKD).
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Noida-based India Exposition Mart Files DRHP for Rs 600 crore IPO.
Noida-based India Exposition Mart had filed a Draft Red Herring Prospectus with SEBI for an IPO to raise Rs 600 crore. The issue shall consist of fresh issue of equity shares aggregating up to Rs 450 crore and an offer-for-sale (OFS) of up to 11,210,659 equity shares by existing shareholders.
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Agri and Processed Food Export Up 23% in Apr-Jan 2021-22
Exports of agricultural and processed food products have grown by 23% YoY to USD 19.7 billion during April-January 2021-22 according to Ministry of Commerce and Industry. Rice was the top forex earner that earned nearly USD 7.7 billion. Meat, dairy and poultry products exports grew over 13 per cent to $3.40 billion within 10 months in the current fiscal year
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Mumbai-based Suraj Estate Developers filed DRHP for Rs 500 crore IPO
Suraj Estate Developers has filed a draft red herring prospectus (DRHP) for an IPO to raise around Rs 500 crore. Suraj Estate Developers holds a 15.25 per cent share in terms of the number of units supplied in the suburban areas of Mumbai including Mahim, Matunga, Dadar, Prabhadevi and Parel region between CY2016-21. The company reported a net profit of Rs 11.9 crore with a total revenue of 109.62 crore in the seven months ended October 31, 2021.
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