Gandhi Special Tubes is engaged in the production and promotion of welded and seamless steel tubes in various sizes and specifications, as well as Cold Formed Coupling Nuts. These items are primarily distributed to Original Equipment Manufacturers (OEMs) in the automotive sector, Farm Equipment manufacturers, Construction equipment manufacturers, and other Engineering Industries. The company also …
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APL Apollo Tubes Gain Momentum after its Subsidiary Secures Rs 500 cr incentives
12 July 2023While mixed investor sentiments were evident across sectors, Indian headline indices experienced a steep decline in closing trades. The top-performing sectors were BSE Realty and BSE Healthcare, while BSE Information Technology and BSE Telecommunications had the worst performances. Shares of APL Apollo Tubes Ltd gained in early trades, reaching an intraday high of Rs 1,333.95 …

London Stock Exchange Group collaborates with IndusInd Bank
12 July 2023IndusInd Bank and the London Stock Exchange Group (LSEG) have collaborated to support the private sector lender’s digital transformation strategy. As part of the agreement, the bank will gain access to LSEG’s comprehensive data offerings and workflow solutions. This will help financial professionals at the lender to collaborate and provide insights utilising LSEG’s real-time news, …

Marksans Pharma Shares Surge 9% on US FDA Approval of Pain Relief Tablet
12 July 2023Marksans Pharma Ltd (NSE: MARKSANS; BSE:524404) announced that it has received final approval from the US Food and Drug Administration (“FDA”) for its Abbreviated New Drug Application (“ANDA”) for Acetaminophen and Ibuprofen Tablets, 250 mg/125 mg, over the counter (“OTC”) bioequivalent of Advil Dual Action Tablets 250 mg/125 mg. The Acetaminophen and Ibuprofen Tablets, 250 …

Avalon Technologies: Remarkable 58% returns from flat listing
12 July 2023Business Overview Avalon Technologies Limited is an Indian company that specializes in electronic manufacturing services (EMS). They offer a comprehensive range of services, from printed circuit board (PCB) design and assembly to complete box-build solutions. Their customer base consists of global original equipment manufacturers (OEMs) located in countries such as the United States, China, Netherlands, …

GST Council Levied 28% GST on Online Gaming & Casinos
12 July 2023The Goods and Services Tax Council decided to levy 28% GST on online gaming, horse racing, and casinos at full value, Union Finance Minister Nirmala Sitharaman said after the conclusion of the council’s 50th meet on Tuesday. Simultaneously, there has been a decision to lower the tax rate for uncooked/unfried snack pellets, cancer medicine, and …

These three stocks created a new 52-week high today, July 11, 2023
11 July 2023After achieving a significant milestone by reaching the 19,500 mark, the broader Nifty50 index encountered a hurdle. On July 6, the Nifty50 index achieved a new all-time high of 19,512.20. However, on the subsequent day, it surpassed that record and reached an even higher level of 19,523.60. Since then, the Nifty50 has been trading within …

Gujarat Pipavav Port shares jump on handling more containers Cargo
11 July 2023Gujarat Pipavav Port share surges on reporting 6.42% growth in container cargo handling in Q1FY24.The company handle record 199 thousand TEUs Containers Cargo in first quarter of FY24 as compared to 187 thousand TEUs Containers handled in Q1FY23. The company has also handled Dry Bulk Cargo of 0.67 million metric tons declined from 0.93 million …

DCB Bank jumps on entering into partnership with Max Life Insurance Company
11 July 2023At 2:30 pm, the shares of DCB Bank were trading at Rs 127.60, up by 2.00% from its previous closing of Rs 125.10 on the BSE. DCB Bank has entered into partnership with Max Life Insurance Company. Through this collaboration, Max Life and DCB Bank will provide a variety of life insurance products to the …

Cyient DLM continues its upward surge; jumps 25% since listing!
11 July 2023Cyient DLM, established in June 1993, is a trusted partner and supplier of electronic and mechanical manufacturing systems to major players across various industries. They offer Design Led Manufacturing (DLM) solutions, taking responsibility for design, manufacturing, testing, and certification support. Their focus is on ensuring that customers’ products meet rigorous standards in terms of reliability, …
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