The PSU banks merger can help these banks better compete with private players such as HDFC Bank and ICICI Bank.

Adani Enterprises Limited (AEL) announced an award of hybrid annuity road project from National Highways Authority of India (NHAI), having recently participated in a tender issued by the autonomous agency of the government. The company said that it was the recipient of a letter of authorisation (LOA) for a road project in the state of Madhya Pradesh.

Maruti Suzuki India reported total sales of 83,792 units in March 2020, in comparison to over 158,076 units sold in March 2019. This includes 76,976 units in the domestic market, 2,104 units of domestic OEM sales and 4,712 units of exports.

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Minda Industries is set to make an investment in TG Minda, which is 49.9 per cent joint venture between UNO MINDA and Toyoda Gosei, Japan (TG). The mentioned investment will be of Rs 33.5 crore and is expected to be completed by September 2020.

Defense PSU, Hindustan Aeronautics Limited (HAL) announced that it had recorded a turnover of more than Rs 21,000 crore in the financial year ending March 31, 2020, representing a growth of around seven per cent for the second consecutive year post listing, as compared to 3.8 per cent in 2017-18.

Among gainers from mid-cap space, stocks such as Suprajit Engineering and GM Breweries were able to close higher by 11 per cent and 8 per cent, respectively.

FY20 ended on a very bad note for the equity market and mutual funds dedicated to them, followed the suit. 

The major city gas distribution companies which are likely to get the benefit from this price drop are Mahanagar Gas (up by three per cent), Gujarat Gas (up by six per cent), Adani Gas (up by five per cent), Indraprastha Gas (up by 10 per cent) and GAIL India (up by three per cent).

Jubilant Life Sciences informed the bourses on Tuesday that its subsidiary, Jubilant Pharma, through one of its wholly-owned subsidiaries, has received an establishment inspection report