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.

Overall volumes in futures & options currently stand at 73.29 lakh contracts with a turnover of Rs. 6,80,406.73 crore.

Overall volumes in futures & options currently stand at 73.29 lakh contracts with a turnover of Rs. 6,80,406.73 crore.

In the coming session, the level of 10,630 would act as a strong short term support for the index and, on the higher side, the level of 10,780-10,800 is likely to act as a strong resistance. Stocks in the news: Biocon, Lemon Tree Hotels, Infosys, Cadila Healthcare, Power Grid, Techno Electric, Kridhan Infra, Sical Logistics, Infibeam Corporation and Adani Transmission.

Key Indian equity indices are likely to open in red on the back of broadly negative Asian cues. The SGX Nifty is indicating that Nifty may open with a loss of 41 points at 10,716. 

 Pharma major Zydus Cadila received final approval for Bumetanide Tablets USP from the US Food and Drug Administration (USFDA) on Wednesday, post market hours.

The stocks that are expected to witness a significant movement on the bourses on Thursday, May 3, 2018 are Cadila Healthcare Limited, Tata Power Company Limited, Kridhan Infra Limited, Castrol India Limited and Central Bank of India.      

Real estate company GR Infraprojects filed draft papers with the market regulator SEBI to raise about Rs. 1,800 crore via an initial public offering (IPO). 

The company’s standalone revenue for the quarter came in at Rs 3283.4 crore, registering an increase of 7.6 per cent YoY.