In a landmark judgement that would give direction to the insolvency proceedings running in various NCLT courts, the Kolkata bench has rebuked the RP for not doing enough to resolve the Binani Cement case.

The technology sector funds have made a solid come back in the last one month. The category has performed very well and registered an average return of 10.76 percent in the last one month.

EBITDA for the quarter rose by 31 per cent yoy to Rs. 69.85 crore with a corresponding margin expansion of 211 bps. EBITDA margin for the quarter stood at 14.4 per cent.

The share price of Techno Electric and Engineering Company surged by over 3 per cent in the intraday trade on Thursday as the company bought stake in Kohima-Mariani Transmission.

Following stocks are close to their 52-week low as at 12.41 p.m. on May 3, 2018.

Pharma major Biocon slipped by 5 per cent in Thursday’s trade as the United States Food and Drugs Association issued a Form 483 with 7 observation for the company’s Bengaluru manufacturing unit. 

The markets on May 3, 2018 opened down. BSE Sensex is trading at 35,085.37, down by 91.05 points and the Nifty is trading at 10,668.30, down by 49.75 points. 

During the quarter, the company’s net profit jumped to Rs. 102.8 crore from merely Rs. 17.2 crore in the corresponding quarter of last year.

Kridhan Infra’s subsidiary, Swee Hong has successfully won order worth Rs. 56.6 crore (SG$11.3 million) in Singapore. Swee Hong has secured these contracts from the Public Utilities Board for work in respect of proposed sewers in Punggol North Area.

Delhi High Court heard PILs alleging that Adani Enterprises indulged in the scam of over-invoicing of power-equipment in order to get undue access to credit facilities from six PSU banks.