DSIJ Mindshare

The company received an order worth Rs. 95.8 crore from Indian Oil Corporation. The order includes detailed engineering, fabrication, installation and commissioning of storage tanks at Dhumad, Gujarat. The order is to be executed over a period of 16 months. 

Indian stock markets have been slipping over the Brent Crude since the mid of August 2018 amid trade war escalations, Iran sanctions, retaliatory measures. Going forward, if the prices correct some more, we hold 78.70 followed by 77.40-77.30 as the supports while 80.30 followed by 81.85-81.90 as the immediate resistance.

Mphasis Limited reported a consolidated net profit of Rs. 271 crore in Q2FY19 in comparison to Rs. 197.6 crore in Q2FY18, posting a 37.14 per cent growth on a YoY basis.

Yeilding to the requests placed by domestic steel players, the government of India has imposed anti-dumping duties on certain varieties of steel originating from China. The duties range from US$44.89 to US$185.51 per tonne for the next 5 years.

Intellect Design Arena Limited, the leading B2B fintech has informed the bourses that its transaction banking division Intellect Global Transaction Banking (iGTB) and PPI AG which is a leading software product company in Europe formed a partnership for providing advanced end-to-end integrated solutions for transaction banking to cater to the needs of German and French banks.