intensify Research - Nazara Technologies gains on integrating with ONDC to launch ‘gCommerce’

Nazara Technologies is currently trading at Rs. 898.60, up by 16.60 points or 1.88% from its previous closing of Rs. 882.00 on the BSE.

The scrip opened at Rs. 869.00 and has touched a high and low of Rs. 911.00 and Rs. 869.00 respectively. So far 23884 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 4 has touched a 52 week high of Rs. 1124.15 on 19-Sep-2024 and a 52 week low of Rs. 590.85 on 27-May-2024.

Last one week high and low of the scrip stood at Rs. 966.50 and Rs. 869.00 respectively. The current market cap of the company is Rs. 6869.99 crore.

The promoters holding in the company stood at 10.05%, while Institutions and Non-Institutions held 21.91% and 68.04% respectively.

Nazara Technologies has integrated with Open Network for Digital Commerce (ONDC) to launch ‘gCommerce’ - an innovative in-game monetization platform that seamlessly integrates e-commerce within games.

The integration aims to address a persistent challenge for Indian game developers: low in-app purchase (IAP) conversion rates and poor yields from advertising. Through gCommerce, the company and ONDC Network are reimagining game monetization by leveraging India's thriving e-commerce landscape and providing developers with new, scalable revenue streams.

This strategic integration will allow game developers to monetize through an affiliate revenue-sharing model, earning a commission on every successful transaction initiated by players through the gCommerce platform.

Nazara Technologies is one of the leading mobile games company and it is engaged in acquisition of, value addition and distribution, of mobile games across emerging markets such as India, Middle East, Africa, South East Asia and Latin America.

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Pharma stock announces 1930% special dividend. 5 things you should know

  Dividend paying stock: Sanofi India will trade ex-dividend on 5th August 2022 as 6th and 7th August are Saturday and Sunday  respectively.

 Dividend paying stock:The board of directors of pharma company Sanofi India has recommended special dividend of ₹193 against face value of ₹10 per equity share (1930 per cent) for the financial year ending 31st December 2022. The company board announced the decision after its scheduled board meeting held on 26th July 2022. the board also fixed 8th August 2022 as record date for one time special dividend payment.

Sanofi India informed Indian bourses about the special dividend payment citing, "The Board of Directors of the Company at its Meeting held today has declared One-Time Special Interim Dividend of Rs. 193 per equity share of Rs. 10 each for the financial year ending 31st December 2022. The Meeting of Board of Directors commenced at 2.00 p.m. and concluded at 5.10 p.m. As informed earlier the Company has fixed 8th August 2022 as the record date for the purpose of payment of the One-Time Special Interim Dividend. The said dividend will be paid on or after 22nd August 2022."

Here we list out 5 things that Sanofi India shareholders should know:

1] Special one time dividend:The company board has announced one time special dividend of ₹193 per equity share.

2] Sanofi India dividend record date:The record date for one time special dividend payment has been fixed on 8th August 2022.

3] Sanofi India dividend ex- date:Sanofi India will trade ex-dividend on 5th August 2022 as 6th and 7th August are Saturday and Sunday respectively.

4] Dividend payment:  The said dividend will be paid on or after 22nd August 2022.

5] Dividend yield: Earlier on 12th April 2022, Sanofi India shares had trade ex-dividend for payment of ₹181 per equity share final dividend and ₹309 per share for special dividend, net dividend announced by the company in the year 2022 is ₹683( ₹193 + ₹309 + ₹109). Sanofi India share price today is ₹6,600 per share, this means current dividend yield of the stock in 2022 is whopping 10.35 per cent [( ₹683 / 6600) / 6600].

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सेंसेक्स 118 पॉइंट की गिरावट के साथ 55953 पर, निफ्टी 16690 के नीचे; एक्सिस बैंक और ICICI बैंक में तेजी

 हफ्ते के पहले कारोबारी दिन सोमवार को भारतीय शेयर मार्केट में गिरावट देखी जा रही है। सेंसेक्स 118.64 अंक या 0.21% गिरकर 55953.59 पर और निफ्टी 29.60 अंक या 0.18% नीचे गिरकर 16689.90 पर कारोबार कर रहा है।

आज एक्सिस बैंक, टाटा स्टील और टेक महिंद्रा के रिजल्ट आएंगे

आज एक्सिस बैंक, टाटा स्टील और टेक महिंद्रा के जून तिमाही के रिजल्ट आएंगे। इनके अलावा केनरा बैंक, मैक्रोटेक डेवलपर्स, केपीआईटी टेक्नोलॉजीज, अनुपम रसायन, सेंट्रल बैंक ऑफ इंडिया, सेंचुरी टेक्सटाइल्स, चेन्नई पेट्रोलियम, क्राफ्ट्समैन ऑटोमेशन, आईईएक्स, तत्व चिंतन, तेजस नेटवर्क के भी रिजल्ट आज आएंगे।

अमेरिकी बाजारों में गिरावट

शुक्रवार को अमेरिकी बाजारों में गिरावट के बाद स्टॉक फ्यूचर्स भी कमजोर नजर आए। शुक्रवार को डाउ जोन्स में 137.61 अंकों या 0.43% गिरावट रही और यह 31,899.29 के लेवल पर बंद हुआ। S&P 500 इंडेक्स में 0.93% कमजोरी देखने को मिली और  यह 3,961.63 के लेवल पर बंद हुआ। जबकि नैस्डैक में 1.87% गिरावट रही और यह 11,834.11 के लेवल पर बंद हुआ। अमेरिका में अर्निंग सीजन अब तक उम्मीद से कमजोर रहा है, जिससे मार्केट सेंटीमेंट कमजोर हुए हैं। वहीं महंगाई और रेट हाइक साइकिल नेमंदी की आशंका पैदा कर दी है।

FII और DII डेटा

NSE से मिले डेटा के मुताबिक, फॉरेन इंस्टीट्यूट इन्वेस्टर्स (FII) के पास 675.45 करोड़ रुपए के शेयर बेचे हैं, जबकि डोमेस्टिक इंस्टीट्यूट इन्वेस्टर्स (DII) ने 22 जुलाई को 739.38 करोड़ रुपए के शेयर खरीदे।

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Gold price rebounds from 16-month low. Should you buy, sell or hold?

 

Gold prices are expected to remain volatile ahead of US Fed monetary policy meeting scheduled next week, believe experts.

Spot gold price is trading in the range of $1680 to $1750 per ounce range whereas MCX gold rates are trading in the range of ₹49,500 to ₹51,500 per 10 gm, say experts

Gold price today: On account of interest rate hikes by central banks across world, gold price plummeted to 16-month lows. However, spot gold price bounced back from its support price of $1680 per ounce levels and closed at $1726.40 per ounce levels on Friday, logging near 0.50 per cent intraday gain. Gold price on Multi Commodity Exchange (MCX) shot up ₹305 per 10 gm on Friday and finished at 50,680 levels

According to commodity market experts, spot gold price is trading in the range of ₹49,500 to ₹51,500 per 10 gm. They said that $1680 has been working as strong support for international gold price for last two years and till the yellow metal price is sustaining above these levels, one should maintain 'buy on dips' strategy. They went on to add that downward trend can be expected only when this pivotal support is breached.

According to commodity market experts, spot gold price is trading in the range of $1680 to $1750 per ounce rSpeaking on the reasons for bumpy trade pattern in gold prices, Sugandha Sachdeva, Vice President — Commodity & Currency Research at Religare Broking Ltd said, "Gold prices plummeted to a 16-month low during the week, amid rapid interest rate hikes by the key central banks in their fight against widespread inflationary pressures, which suppressed the investment appeal of the metal. However, prices managed to stage an impressive recovery from the pivotal support of the $1680 per ounce mark amid renewed concerns about the global growth outlook and widespread inflationary pressures."

Dollar index softens

Sugandha Sachdeva went on to add that softening of the dollar index enticed buying interest in gold at lower levels. On the data front, the US initial jobless claims surged for the third week in a row while the Philly Fed manufacturing index contracted for the second straight month, fueling economic growth concerns.US preliminary data for July reflected mixed activity in the US manufacturing and service sectors.

The Religare analyst said that the key highlight of the week was the ECB monetary policy meeting, wherein the European Central Bank hiked interest rates by 50 bps crossing market expectations to combat elevated inflation. The ECB president even cautioned about persistent inflationary risks as the war in Ukraine still drags on and energy price prices are holding firm. On the other hand, the Bank of Japan on expected lines maintained an accommodative stance, while raising inflation forecasts and highlighting risks to the economic outlook. However, as markets are closely eyeing Fed’s policy meeting next week, bets of a 100 bps rate hike by the US Fed have eased which has caused the greenback to witness losses for the first time in four weeks, while underpinning gold prices. Besides, the energy crisis eased in Europe as Russia resumed flows of gas to the region through a key pipeline, which lifted market sentiment.

Pivotal levels for gold prices.

Asked about important levels in regard to gold prices Anuj Gupta, Vice President — Research at IIFL Securities said, "Spot gold price is having strong support of $1680 to $1675 per ounce levels whereas immediate hurdle for the yellow metal in spot market is placed around $1750 to 1760 levels. Bullish or bearish trend in the precious metal can be assumed on breakage of either side of the range. On MCX, gold price is currently trading in the rAsked about important levels in regard to gold prices Anuj Gupta, Vice President — Research at IIFL Securities said, "Spot gold price is having strong support of $1680 to $1675 per ounce levels whereas immediate hurdle for the yellow metal in spot market is placed around $1750 to 1760 levels. Bullish or bearish trend in the precious metal can be assumed on breakage of either side of the range. On MCX, gold price is currently trading in the range of ₹49,500 to ₹51,500. Any dip in the gold price should be seen as buying opportunity till these pivotal lower levels are intact."

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Sensex jumps 2,000 points in 4 days. Key drivers for the rebound explained

 Sensex today rose over 600 points while Nifty50 was back above 16,500

Some analysts have advised cautious caution saying that selling may reemerge at higher levels.

Indian stocks markets today rallied on the back of positive global cues, extending the recent streak of gains to the fourth day. The Nifty was back above 16,500 while Sensex rose over 600 points. In four sessions, Sensex has rebounded over 2,000 points. Apart from positive global cues, the cut in windfall tax on oil producers and refiners boosted the Street's sentiment. The government also exempted petrol from an export levy less than a month after it imposed the two charges.

The changes will help companies such as Reliance Industries, Oil and Natural Gas Corp and Oil India Ltd, according to analysts. RIL shares were up about 3%.

According to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, the sharp pullback in Nifty from the June lows of 15183 is being aided by a flood of good news. “First, the US markets have rebounded sharply driven by impressive corporate earnings. Second, FPI selling appears to have bottomed out. The dollar index declining to 106.6 from above 108 is likely to persuade FPIs to buy rather than sell," he said.

FIIs have been net buyers of Indian equities in the past two sessions but so far in 202 2, foreign investors have made net sales of India shares totalling more than $30 billion.

"Results from the leading financials are likely to be good. After the recent correction IT valuations are attractive. If  the US succeeds in avoiding a recession, IT will bounce back smartly," Vijayakumar said. 

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Listed in June 2022, this stock has risen 54% from its issue price

                                        Aether Industries IPO was open from May 24-26

 Adding on to the strong performance of the stock, brokerage house HDFC Securities initiated coverage on the stock with a 'buy' call. The brokerage has a target price of ₹1,045 for the stock.]

Shares of Aether Industries have given robust returns to its investors since listing From June 3, (it's listing day), the stock has risen 41 percent till date. The stock listed at a premium to its issue price and was locked in a 10-percent upper circuit throughout the day, the only stock to do so on a listing day in 2022.

From June 3, (it's listing day), the stock has risen 41 percent till date. The stock listed at a premium to its issue price and was locked in a 10-percent upper circuit throughout the day, the only stock to do so on a listing day in 2022.

The ₹808-crore IPO of the company was subscribed 6.26 times during its public offer. Aether Industries Limited manufactures and sells advanced intermediates and specialty chemicals in India and internationally. It is focused on producing advanced intermediates involving complex and differentiated chemistry and technology core competencies. It serves pharmaceutical, agrochemical, material science, coating, high-performance photography, additive, and oil and gas industries.

Adding on to the strong performance of the stock, brokerage house HDFC Securities initiated coverage on the stock with a 'buy' call. The brokerage has a target price of ₹1,045 for the stock. This indicates a 62 percent potential upside from its issue price of ₹642 and a 6 percent upside from the current levels.

As per the brokerage, Aether is more than doubling its manufacturing capacity by 2023-end. Augmentation of capacity will not only allow it to fulfill the demand of the existing and potential customers for existing products but also provide an opportunity to launch new products, HDFC pointed out.

Business Model 

"Aether Industries Ltd has a technology-oriented business model and it sells innovations in chemistries and technologies. Competencies in eight chemistries and eight technologies have enabled the company to successfully build all three of its business verticals—large-scale manufacturing, contract manufacturing and contract research and manufacturing services (CRAMS)—in less than six years of operation," the brokerage said in its report.

The brokerage further highlighted that Aether’s business model compels it to regularly launch products and add competencies. Moreover, the firm is tripling its research and development (R&D) infrastructure and strengthening its team size which will support its growth pace, said HDFC.

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Royal Orchid Hotels shines on opening 8 new properties

Royal Orchid Hotels is currently trading at Rs. 74.10, up by 3.75 points or 5.33% from its previous closing of Rs. 70.35 on the BSE.

The scrip opened at Rs. 70.95 and has touched a high and low of Rs. 77.00 and Rs. 70.95 respectively. So far 12364 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 94.80 on 24-Aug-2020 and a 52 week low of Rs. 32.40 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 77.00 and Rs. 69.10 respectively. The current market cap of the company is Rs. 207.33 crore.

The promoters holding in the company stood at 69.42%, while Institutions and Non-Institutions held 5.04% and 25.54% respectively.

Royal Orchid Hotels has opened 8 new properties under the brand Regenta Resort, Regenta Central and Regenta Inn. Three business hotels were opened in prominent business districts in cities like Bangalore and Noida. Three business/Leisure hotels were opened in Goa (Panjim), Jaipur and Ajmer. Two leisure properties were launched as well, one in Mashobra and the other in Udaipur.

The new hotels launched in Bangalore, Noida, Goa, Jaipur and Ajmer will help fortify the group’s position as one of the leaders in the corporate business market. These hotels are located in close proximity to the cities central business district and other transport hubs which is predicted to feed a strong demand pipeline originating from industrial organisations and IT companies.

Royal Orchid Hotels is one of India's fastest-growing hospitality brands. It caters to business and leisure travellers who value comfort, great cuisine, distinctly warm Indian hospitality, and value for money. Its modern and fully equipped hotels, resorts, long-stay suites, and inns are what make its guests return time and time again to its properties in metro cities, holiday destinations, pilgrimage sites and wildlife parks.

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AU Small Finance Bank surges on raising Rs 625.5 crore

AU Small Finance Bank is currently trading at Rs. 1218.75, up by 31.50 points or 2.65% from its previous closing of Rs. 1187.25 on the BSE.

The scrip opened at Rs. 1198.90 and has touched a high and low of Rs. 1238.05 and Rs. 1198.90 respectively. So far 8035 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1315.80 on 09-Mar-2021 and a 52 week low of Rs. 366.20 on 27-May-2020.

Last one week high and low of the scrip stood at Rs. 1274.00 and Rs. 1179.00 respectively. The current market cap of the company is Rs. 36459.26 crore.

The promoters holding in the company stood at 28.98%, while Institutions and Non-Institutions held 51.70% and 19.32% respectively.

AU Small Finance Bank has completed the allotment of equity shares under its Qualified Institutions Placement (QIP) and has successfully raised Rs 625.5 crore through the issuance of 50,00,000 equity shares at an issue price of Rs 1,251 per share. The issue was launched on March 9 with a floor price of Rs 1,181.06 a piece.

The QIP witnessed strong reception from both domestic and international institutional investors and the entire QIP was subscribed by sovereign wealth funds, large foreign portfolio investors, life insurance company and domestic mutual funds.

AU Small Finance Bank is a small finance bank (SFB) that has recently transitioned from a prominent, retail focused nonbanking finance company (NBFC), which primarily served low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels.

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Power Grid inches up on acquiring Ramgarh New Transmission

Power Grid Corporation Of India is currently trading at Rs. 217.50, up by 1.55 points or 0.72% from its previous closing of Rs. 215.95 on the BSE.

The scrip opened at Rs. 220.35 and has touched a high and low of Rs. 220.35 and Rs. 215.30 respectively. So far 10570 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 239.00 on 24-Feb-2021 and a 52 week low of Rs. 129.75 on 18-Mar-2020.

Last one week high and low of the scrip stood at Rs. 229.90 and Rs. 213.35 respectively. The current market cap of the company is Rs. 112976.18 crore.

The promoters holding in the company stood at 51.34%, while Institutions and Non-Institutions held 42.27% and 6.39% respectively.

Power Grid Corporation of India, pursuant to its selection as the successful bidder under tariff-based competitive bidding, has acquired Ramgarh New Transmission (RNTL) on March 9, 2021, the Project SPV (special purpose vehicle) to establish transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW). The entity was acquired for an aggregate value of about Rs 5.61 crore including 50,000 equity shares at par at Rs 10 each along with assets and liabilities of the Company as on the acquisition Date.

Now, the company owns 100 per cent equity in the RNTL. It shall be engaged in the business of transmission of Power. The transmission system (RNTL) comprises establishment of a new 400/220kV Substation, 400kV DIC Transmission lines and associated Substation extension works in Rajasthan. The transmission system is an Inter State Transmission System Project and is to be completed in 18 months.

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.

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Bharat Forge gains on making further investment in Aeron Systems

Bharat Forge is currently trading at Rs. 616.50, up by 3.50 points or 0.57% from its previous closing of Rs. 613.00 on the BSE.

The scrip opened at Rs. 620.00 and has touched a high and low of Rs. 620.80 and Rs. 615.20 respectively. So far 9868 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 676.10 on 13-Jan-2021 and a 52 week low of Rs. 207.85 on 07-Apr-2020.

Last one week high and low of the scrip stood at Rs. 648.50 and Rs. 605.80 respectively. The current market cap of the company is Rs. 28540.58 crore.

The promoters holding in the company stood at 45.76%, while Institutions and Non-Institutions held 36.07% and 18.16% respectively.

Bharat Forge has made further investment of Rs 4 crore in its associate company - Aeron Systems by way of purchasing 39,000 equity shares of face value Rs 10 each at a premium of Rs 1,015.64 in accordance with the terms of Shareholders Agreement with Aeron and its founders. Consequently, the company's stake in Aeron has been increased from 26% to 36% (fully diluted).

Bharat Forge is engaged in manufacturing of close die and open die forging, crankshafts, front axle beams, steering knuckle, connecting rods, rocker arm and 

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PSP Projects moves up on receiving LoA of Rs 1491.34 crore

PSP Projects is currently trading at Rs. 490.70, up by 12.50 points or 2.61% from its previous closing of Rs. 478.20 on the BSE.

The scrip opened at Rs. 500.00 and has touched a high and low of Rs. 505.00 and Rs. 488.60 respectively. So far 2898 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 506.00 on 08-Feb-2021 and a 52 week low of Rs. 233.80 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 505.00 and Rs. 467.45 respectively. The current market cap of the company is Rs. 1721.52 crore.

The promoters holding in the company stood at 74.19%, while Institutions and Non-Institutions held 6.68% and 19.13% respectively.

PSP Projects has received Letter of Acceptances (LoA) amounting to Rs. 1491.34 crore (excluding GST) for construction of medical colleges and hospitals at multiple locations at Uttar Pradesh. Additionally, the company has secured new work orders worth Rs 25.58 crore (excluding GST) for residential and institutional projects from various clients in Gujarat.

With receipt of the above, the total work orders received during financial year 2020-21 on standalone basis amounts to Rs 2436.86 crore (excluding GST) and the outstanding order book considering December books stands at Rs 4736.88 crore (excluding GST).

PSP Projects, the Ahmedabad-based firm is a multi-disciplinary construction firm and provides its services ranging from planning and design to construction and post-construction activities.

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DCW shines on raising Rs 410 crore through NCDs

DCW is currently trading at Rs. 30.90, up by 0.95 points or 3.17% from its previous closing of Rs. 29.95 on the BSE.

The scrip opened at Rs. 30.90 and has touched a high and low of Rs. 30.90 and Rs. 30.65 respectively. So far 10813 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 31.65 on 09-Mar-2021 and a 52 week low of Rs. 6.97 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 31.65 and Rs. 27.20 respectively. The current market cap of the company is Rs. 781.79 crore.

The promoters holding in the company stood at 46.73%, while Institutions and Non-Institutions held 6.48% and 46.79% respectively.

DCW has raised Rs 410 crore through issuance of debentures to refinance debt and augment working capital. It has completed the refinancing of its debt with the issuance of NCDs (Non-Convertible Debentures) amounting Rs 350 crore and OCDs (Optionally Convertible Debentures) to be converted into equity within 18 months, amounting Rs 60 crore.

The company will utilise the funds to refinance the existing term loans and augment working capital. The company expects this fund raise to enhance capacity utilisation and meet increasing product demand. These NCD's carries moratorium of 18 months and tenure of six years.

DCW is an industry pioneer with a strong presence in the Chlor-Alkali, Synthetic Rutile and PVC business segments, with a successful record of innovation and in pioneering new products and processes.

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SBI Cards and Payment Services surges on planning to raise up to Rs 2,000 crore

SBI Cards And Payment Services is currently trading at Rs. 1066.85, up by 8.55 points or 0.81% from its previous closing of Rs. 1058.30 on the BSE.

The scrip opened at Rs. 1060.00 and has touched a high and low of Rs. 1078.00 and Rs. 1058.05 respectively. So far 59157 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1149.00 on 24-Feb-2021 and a 52 week low of Rs. 495.25 on 22-May-2020.

Last one week high and low of the scrip stood at Rs. 1139.30 and Rs. 1047.00 respectively. The current market cap of the company is Rs. 100250.61 crore.

The promoters holding in the company stood at 69.40%, while Institutions and Non-Institutions held 9.74% and 20.86% respectively.

SBI Cards and Payment Services (SBI Card) is planning to raise up to Rs 2,000 crore through the issuance of debt securities in one or more tranches. A meeting of the board of directors of the company is scheduled to be held on Friday (March 12) to consider and approve raising of funds by way of issuance of non-convertible debentures, aggregating to Rs 2,000 crore.

SBI Cards and Payment Services is a payment solutions provider in India.

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Business will be easy:Government can remove more than 6 thousand Compliance, will get relief by filling unregistered form

There are 13 PLI schemes worth Rs 1.97 lakh crore to promote local manufacturing
IT hardware is estimated to have a production value of 3 lakh crore rupees in four years

The government is planning to ease business at both the state and central levels. Government can remove such 6 thousand Compliance. These are processes that no longer have much meaning.

Government wants to ease business

Prime Minister Narendra Modi said that the government wants to ease business. So it is eliminating such things (needs of compliance). He said that we are taking it seriously. The imperative of filling in countless forms has to be eliminated. Modi was addressing a webinar on the Production Linked Incentive (PLI) scheme related to production. He said that the suggestion of industry people is important in this matter.

The effort started last year only

The Department for Promotion of Industry and Internal Trade (DPIIT) secretary Guruprasad Mohapatra said last year that the Center has started identifying wasteful rules in state and central laws. These are the rules that are not needed for companies operating in India. It can be removed. Can be removed to reduce.

Marriet's CEO gave the idea

Mahapatra said the idea came up during Modi's meeting with Arne Sorenson, president and chief executive of Marriott International. He had complained about the complex rules in starting and running a hotel in India. Cited a study by the National Restaurants Association of India (NRAI). He said that to get a license from Delhi Police to open a restaurant, 45 types of documents are required. At least 12 documents have to be collected for new weapon licenses (19) and for fireworks licenses.

Most firms are struggling with governance framework

The survey noted that a major challenge facing most firms is the complexity of the governance framework. It contains a lot of old laws. Modi said that in the case of PLI, the government is also looking at the rules of those countries which have been successful in accelerating the growth by promoting manufacturing. He said that manufacturing firms should make India their base. The number and strength of our domestic industry, our small and medium enterprises (MSMEs) should expand more and more.

520 billion production target

The government has set a target of producing about $ 520 billion in India in the next 5 years. With this, 13 PLI schemes worth Rs 1.97 lakh crore have been announced to promote local manufacturing. Modi said that IT hardware is expected to achieve a production value of 3 lakh crore rupees in four years. There will be an increase of Rs 2.5 lakh crore in telecom gear manufacturing. We should be able to export goods worth 2 lakh crore rupees from it.

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Microsoft email software flaw raises alarms at White House

Newly discovered flaws in Microsoft Corp.’s software for email has raised concerns at the highest levels of the U.S. government, which is urging users to immediately apply patches.

At least 30,000 organizations across the U.S., including significant numbers of small businesses and local governments, have been hacked via holes in Microsoft’s email software in the last few days by suspected Chinese attackers who are focused on stealing email from victims, the blog KrebsonSecurity reported Friday.

This is a significant vulnerability that could have far-reaching impacts," said Jen Psaki, the White House press secretary, speaking at a briefing. “We are concerned there are a large number of victims." She characterized the incident as an “active threat."

Her remark comes after Microsoft disclosed on Tuesday that nation-state hackers based in China were exploiting previously unknown flaws in on-premise versions of the software and released patches for them. The following day, the Cybersecurity and Infrastructure Security Agency, which is known as CISA and is part of the Department of Homeland Security, issued an emergency directive in response to “observed active exploitation of these products." As a result, civilian agencies and departments were directed to apply the patches, or disconnect Microsoft Exchange from their networks, and to look for compromises.

Government concern over the flaws continued to build over the course of the week. On Thursday, CISA released an alert stating that it was aware of hackers using tools to search for servers that hadn’t yet been patched. That evening, National Security Advisor Jake Sullivan wrote on Twitter that the U.S. is “closely tracking Microsoft’s emergency patch." He cited “reports of potential compromises of U.S. think tanks and defense industrial base entities."

The specific targets and timing of the hacking remains unknown. Defense Department spokesman John Kirby said the Pentagon is assessing its systems based on Microsoft’s advisory. The cybersecurity firm FireEye Inc. found that victims included “U.S.-based retailers, local governments, a university, and an engineering firm." The version of exchange targeted by hackers is typically run by small businesses, putting them at special risk, according to Allan Liska, an analyst at the firm Recorded Future Inc..

A Microsoft representative said the vulnerabilities were disclosed to the company in early January. Microsoft isn’t aware of attacks before then, the representative said.

The cybersecurity firm Volexity reported finding attacks leveraging the flaws that date back to as early as Jan. 6. However, CISA urged operators to look for compromises dating back to September, “out of an abundance of caution," according to a spokesperson.

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Reliance Industries gains on the bourses

Reliance Industries is currently trading at Rs. 2180.50, up by 4.80 points or 0.22% from its previous closing of Rs. 2175.70 on the BSE.

The scrip opened at Rs. 2168.00 and has touched a high and low of Rs. 2212.50 and Rs. 2155.00 respectively. So far 404453 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2368.80 on 16-Sep-2020 and a 52 week low of Rs. 867.45 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 2220.00 and Rs. 2063.20 respectively. The current market cap of the company is Rs. 1474604.35 crore.

The promoters holding in the company stood at 50.54%, while Institutions and Non-Institutions held 38.28% and 11.19% respectively.

Reliance Industries’ (RIL) telecom arm -- Reliance Jio Infocomm (Jio) had acquired the right to use spectrum in all 22 circles across India in the recently concluded spectrum auctions conducted by Department of Telecommunications, Government of India. The company acquired spectrum in the 800 MHz, 1800 MHz and 2300 MHz bands.

The company has the highest amount of sub-GHz spectrum with 2X10 MHz contiguous spectrum in most circles. It also has at least 2X10 MHz in 1800 MHz band and 40 MHz in 2300 MHz band in each of the 22 circles.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

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Kotak Mahindra Bank surges after divesting 10% stake in ECA Trading Services to its subsidiary

Kotak Mahindra Bank is currently trading at Rs. 1911.25, up by 13.75 points or 0.72% from its previous closing of Rs. 1897.50 on the BSE.

The scrip opened at Rs. 1878.65 and has touched a high and low of Rs. 1924.80 and Rs. 1869.55 respectively. So far 167844 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2048.95 on 16-Feb-2021 and a 52 week low of Rs. 1000.35 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1924.80 and Rs. 1803.30 respectively. The current market cap of the company is Rs. 380451.43 crore

The promoters holding in the company stood at 26.03%, while Institutions and Non-Institutions held 58.01% and 15.96% respectively.

Kotak Mahindra Bank has divested 10 per cent stake in ECA Trading Services to one of its subsidiaries for nearly Rs 2 crore. Kotak Mahindra Bank has sold 1,09,48,925 equity shares of Rs 10 each (10 per cent of its stake) of ECA Trading Services to Kotak Securities (a wholly-owned subsidiary of the bank), at a consideration of Rs 1.98 crore.

Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.

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Tejas Networks trades higher on the BSE

Tejas Networks is currently trading at Rs. 196.50, up by 3.35 points or 1.73% from its previous closing of Rs. 193.15 on the BSE.

The scrip opened at Rs. 199.95 and has touched a high and low of Rs. 200.50 and Rs. 195.00 respectively. So far 39715 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 221.50 on 19-Feb-2021 and a 52 week low of Rs. 28.50 on 21-May-2020.

Last one week high and low of the scrip stood at Rs. 202.75 and Rs. 184.95 respectively. The current market cap of the company is Rs. 1836.32 crore.

The Institutions and Non-Institutions held 29.52% and 70.48% stake respectively in the company.

GigNet, a leading digital infrastructure company in Mexico, has selected Tejas Networks’ optical networking and broadband access products for their state-of-the-art, high-capacity fiber optic network expansion in the Cancun region of Mexico.

GigNet is a premier digital infrastructure company with a comprehensive digital services portfolio of Internet, WiFi, fiber-to-the-home, and other advanced solutions for hospitality and enterprise customers in Mexico. To support the rapid growth of GigNet’s ‘Smart Communities’ business segment for planned developments across the region, Tejas Networks will supply its full range of last-mile access products based on GPON/NG-PON fiber broadband technology, ultra-converged packet aggregation products based on MPLS-TP/PTN technology, and terabit-scale optical backbone products based on OTN/DWDM technology, all centrally managed by a universal and versatile SDN-ready network management system (NMS).

Tejas Networks designs, develops and sells high-performance and cost-competitive networking products to telecommunications service providers, internet service providers, utilities, defence and government entities.

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Computer Age Management Services surges on launching edge360 mobile application

Computer Age Management Services is currently trading at Rs. 1905.45, up by 9.45 points or 0.50% from its previous closing of Rs. 1896.00 on the BSE.

The scrip opened at Rs. 1897.00 and has touched a high and low of Rs. 1927.45 and Rs. 1888.60 respectively. So far 772 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2039.95 on 12-Feb-2021 and a 52 week low of Rs. 1260.00 on 04-Nov-2020.

Last one week high and low of the scrip stood at Rs. 1940.10 and Rs. 1780.00 respectively. The current market cap of the company is Rs. 9296.89 crore.

The promoters holding in the company stood at 30.98%, while Institutions and Non-Institutions held 48.40% and 20.61% respectively.

Computer Age Management Services (CAMS) has launched edge360 mobile app for mutual fund distributors and advisors. edge360 is a comprehensive portal launched in 2019 that brought transformational change in the way mutual fund distributors and advisors manage their day-to-operations. With the launch of edge360 mobile app, users will be able to manage business operations seamlessly on the go.

Computer Age Management Services offers integrated services for receipt, verification and processing of financial and non-financial transactions for the BFSI (banking, financial services and insurance) sector, largely the mutual fund industry.

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Adani Ports surges on the BSE

Adani Ports and Special Economic Zones is currently trading at Rs. 744.95, up by 15.40 points or 2.11% from its previous closing of Rs. 729.55 on the BSE.

The scrip opened at Rs. 735.00 and has touched a high and low of Rs. 749.85 and Rs. 715.75 respectively. So far 772276 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 754.65 on 03-Mar-2021 and a 52 week low of Rs. 203.40 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 754.65 and Rs. 668.20 respectively. The current market cap of the company is Rs. 151253.76 crore.

The promoters holding in the company stood at 63.74%, while Institutions and Non-Institutions held 33.50% and 2.76% respectively.

Adani Ports and Special Economic Zones (APSEZ) is acquiring the 31.5% stake held by Windy Lakeside Investment (an affiliate of Warburg Pincus) in Gangavaram Port (GPL). The acquisition is valued at Rs 1,954 crore and subject to regulatory approvals.

GPL is located in the northern part of Andhra Pradesh next to Vizag Port. It is the second largest non-major port in Andhra Pradesh with a 64 MMT capacity established under concession from Government of Andhra Pradesh (GoAP) that extends till 2059. It is an all weather, deep water, multi-purupose port capable of handling fully laden super cape size vessels of upto 200,000 DWT. Currently, GPL operates 9 berths and has free hold land of around 1,800 acres. With a master plan capacity for 250 MMTPA with 31 berths, GPL has sufficient headroom to support future growth.

Adani Ports and Special Economic Zone (APSEZ), a part of globally diversified Adani Group, is the largest integrated logistics player in India.

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