The shares of Kudremukh Iron Ore Company Limited (KIOCL) jumped by almost 5 per cent during trading hours on Wednesday when the company announced that National Mineral Exploration Trust (NMET) under Ministry of Mines has approved the execution of its mineral exploration project at an estimated price of Rs 270 lakh.

The all-weather operation on the main land to Andaman & Nicobar route vessel is designed with modern high-quality passenger vessel with electric propulsion suitable for carrying 1,200 passengers and 1,000T cargo.

Sensex closed above 200 points at the end of Wednesday’s trading session at 41,198.66 levels, up by 0.57 per cent. While, Nifty managed to close at 12,129.50 levels, up by 0.61 per cent.

Va Tech Wabag Limited has secured multiple orders of over Rs 760 crore in India, Switzerland and Singapore.

The shares of Tata Coffee rallied by almost 5 per cent, hitting a new 52-week high of Rs 107.20 per share after the company reported impressive results for the third quarter ended December 2019.

The company has also announced that its JV, Aleor Dermaceuticals has received a final USFDA nod for its ANDA Clobetasol Propionate Cream USP, 0.05 per cent, which is used to treat a variety of skin conditions.

The company has reduced the price band for its ongoing Follow-on Public Offer (FPO) and extended the issue period by three days till January 31. The FPO, which opened on January 24, was initially scheduled to close on January 28. 

Earlier, the company had received a Letter of Intent (LoI) for executing solar power project having a capacity of 2.250 MW under CPP category from Devika Fibres and Saanika Industries. 

In a situation where small-caps are expected to do well, ITI Mutual Fund has launched ITI Small-Cap Fund, an open-ended equity scheme. Read on to find out whether is it worth subscribing or not.

Rallis India Limited, a chemical manufacturing company of Tata Group, rallied seven per cent today to hit 21-month high level of Rs 247 on BSE.