Kakinada SEZ Limited was declared the selected bidder by the government of Andhra Pradesh. The port will be developed through PPP model.

India’s leading steel company, JSW Steel, has informed the bourses that it is planning to increase the annual steel manufacturing capacity of its JSW Vijayanagar works to 13MTPA. The capacity expansion is likely to be completed by March 2020. 

In terms of full year performance, the revenue for FY18 surge 33 per cent to Rs. 955 crore. EBITDA for the full year also rose 27 per cent to Rs. 178 crore. Notably, company’s net profit jumped 38 per cent yoy to Rs. 100 crore. 

Overall volumes in futures & options currently stand at 1.42 crore contracts with a turnover of Rs. 12,64,849.26 crore.

Overall volumes in futures & options currently stand at 1.42 crore contracts with a turnover of Rs. 12,64,849.26 crore.

Going ahead, traders will keep a watch on opening levels of the Nifty on Thursday and will closely watch the immediate support level of 10,650. A slip below this level would confirm weakness. Stocks in news: Exide Industries, Bank of Maharashtra, GMR Infra and Mercator.

The weakness that has set into Indian equity markets is likely to stay put as the markets are set to start the June F&O series expiry session on a weak note amid gloomy leads from the global markets. Nifty 50 index future on the Singapore stock exchange is currently trading lower by 19 points at 10,654. 

Volatile markets test an investor’s patience. Read on to find what to do in such conditions.

Policy reforms along with digitization of governance process are driving the formerly unorganised SMEs to become part of India's growing formalised and transparent SME ecosystem. This in turn is attracting lenders to more actively engage with this sector.

Larsen & Toubro InfoTech inaugurated latest global delivery center in Johannesburg. The 30,000+ sq. ft. state-of-the-art center with a capacity of 250 seats will help the company expand its operations in South Africa across all sectors.