The issue of Galaxy Surfactants Ltd. will remain open for subscription from January 29-31, 2018. The company’s offer consists of an offer for sale (OFS) consisting of 63,31,674 equity shares with face value of Rs 10 aggregating up to Rs 937.09 crore. The issue price will be in the range of Rs 1470-1480 per share.

Indian oil and gas frontliner, Reliance Industries gave multiple resistance breakouts at 957-959 on January 22, posting a new all-time high after its Q3 results.

Reliance Nippon Life Insurance, a subsidiary of Reliance Capital, has signed a bancassurance-corporate agency agreement with Bank of Maharashtra.

Maruti Suzuki, the leader of Indian auto sector, is set to launch a host of new models in the current fiscal.

Auto component company Pricol has partnered with a China-based firm for launching electric water pumps in the Indian market.

Ahead of the Union Budget 2018, the steel ministry has appealed to the finance ministry for abolition of import duty on coking coal.

French healthcare major Sanofi has agreed to acquire biotechnology company Bioverativ for US$11.6 billion. The company will buy all the outstanding shares of Bioverativ for US$105 per share in cash.

Following stocks are close to their 52-week low as at 1.15 p.m. on January 22.

The markets on January 22 opened up. BSE Sensex is trading at 35,645.02, up by 133.44 points and the Nifty is trading at 10,917.30, up by 22.60 points. 

Adani Power declined by 17.39 per cent for the last 10 days on account of widening losses in its bottomline for Q3FY18. Company’s revenue declined by 10.8 per cent YoY to Rs. 4,844 cr. The loss for the quarter came in at Rs. 1,284 cr compared to loss of Rs.674 cr in Q3FY17.