2023-04-19 11:10:54
Markets are trading range bound as of mid-afternoon, below the 17,700 level. Here are the top stories of the hour.
Zomato clarifies Blinkit statusZomato (+2.1%) clarified on news of Blinkit being ‘temporarily unavailable’ after changes in pay structure of delivery partners. Changes were made to address the needs of delivery partners, improve customer experience, and reduce frauds. The disruptions and changes had no material impact on the company's operations and financial performance.
BPCL to set up renewable power capacityBharat Petroleum announced its plan to set up 240 MW green power facilities at the cost of ₹1,600 crore this fiscal. The solar and wind power facilities will be situated in Uttar Pradesh, Madhya Pradesh and Maharashtra.
BEML Land Assets’ lukewarm debutBEML Land Assets, a subsidiary of state-run BEML, saw a 5% drop in shares to ₹287 on its market debut. The listing is part of the company's hiving-off plans to separate its non-core and surplus assets into a new wholly-owned subsidiary. Under the scheme of demerger, shareholders will get one BEML Land Assets share for each share held in BEML.
Good news for Piramal PharmaPiramal Pharma's shares soared over 9% intraday. This comes after the USFDA successfully completed its inspection of the company's US manufacturing facility.
289 views08:10