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J Kumar Infra rallies on bagging LoA from GMRC

J. Kumar Infraprojects jumped 3.83% to Rs 150.40 after the construction company received a letter of acceptance (LoA) from Gujarat Metro Rail Corporation (GMRC). The contracy is for design, construction and completion of underground stations and tunnel from Surat Railway station to Chowk Bazar Ramp worth Rs 866 crore. The announcement was made during trading hours today, 11 January 2021. J. Kumar Infraprojects net profit tumbled 87.3% to Rs 7.11 crore on a 24.5% decline in net sales to Rs 477.39 crore in Q2 September 2020 over Q2 September 2019. J Kumar Infraprojects is a construction company based in Mumbai. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Nifty, Sensex continues to head higher – Monday closing report

Nifty, Sensex continues to head higher – Monday closing report Moneylife Digital Team / IANS  0 We had mentioned in previous week’s closing report that Nifty, Sensex continue to head higher. On Monday, the major indices opened high and ended with major gains. On the NSE, there were 768 advances, 1,176 declines and 305 unchanged.   The trends of the major indices in the course of Monday’s trading are given in the table below:     Tata Consultancy Services reported a consolidated net profit of Rs 8,701 crore for the quarter ended December 2020, growing 7% YoY. Consolidated revenue increased 5.42% percent YoY to Rs 42,015 crore compared to Rs 39,854 crore in Q3FY20.

HC notice to NHAI, Delhi govt on construction of flyover on residential road

HC notice to NHAI, Delhi govt on construction of flyover on residential road ANI | Updated: Dec 18, 2020 21:45 IST New Delhi [India], December 18 (ANI): Delhi High Court on Friday issued a notice to the National Highways Authority of India (NHAI) and Delhi government on a petition challenging construction of a flyover over a residential road (DDA Road No 226) in sectors 22 and 23 in Dwarka here. A single-judge bench of Justice Navin Chawla asked the NHAI, Delhi Development Authority (DDA), Delhi government, Delhi Pollution Control Board and others to file a reply on the petition and listed it for further hearing on February 10, 2021. The court was hearing a petition filed by Rao Cooperative Group Housing Society Limited (New Millennium CGHS) and others through advocates Anand Varma and Abhishek Prasad.

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