State-run banks
The government announced it was forming an asset management company to take over stressed assets of banks in an effort to clean up one of the world’s worst pile of bad loans. Banks, insurers rose on plans for setting up a bad-debt manager. State Bank of India Ltd., Bank of Baroda, Canara Bank, Union Bank of India, Bank of India and Punjab National Bank could be among the beneficiaries.
Textiles
Sitharaman’s announcement of the establishment of seven mega textile parks to be launched in three years could boost the sector, benefiting companies including Century Textiles Ltd., Raymond Ltd., Trident Ltd. and Arvind Ltd. among others.
Union Budget 2021: Who Gained & Who Lost? Published by GulteDesk February 01, 2021
The Union Budget 2021 announced today by Finance Minister Nirmala Sitharaman attracted huge criticism, especially from the Telugu states. The Finance minister sanctions for Tamil Nadu and other southern states but snubbing the Telugu states’ demands once again is fueling more angst.
Apart from the center and finance ministries’ biased budget this year, there are fields that gained and there are losers with the budget announcement this year. While the pandemic took a hard toll on the economy the recession joined it to impact the same. Let us have a look at the winners and losers with the budget announcements.
IRB Infra s SPV achieves Financial Closure for Gandeva - Ena HAM Project
Posted On: 2021-01-18 04:23:49 (Time Zone: Arizona, USA)
The VM7 Expressway Pvt. Ltd., a Wholly-owned Subsidiary and an SPV of the IRB Infrastructure Developers Ltd., India s leading and one of the largest highway developers has achieved Financial Closure for its Gandeva - Ena HAM project in Gujarat.
The project is 8 laning of Gandeva - Ena section of 27.500 Kms on the upcoming Vadodara Mumbai Expressway under the Bharatmala Pariyojana (Phase I, Package VII)
While commenting on the development Mr. Virendra D. Mhaiskar, Chairman & Managing Director of IRB Infrastructure Developers Ltd. said, This is our second debt tie-up in the challenging environment caused due to the COVID-19 pandemic outbreak. Six months ago, in a rather tougher environment, we had achieved the financial closure with the single largest debt commitment by any Indian Bank, for our Mumbai Pune Expressway TOT project. Post VM7, we don
Sun Pharma Advanced Research Company Ltd registered volume of 77.04 lakh shares by 14:14 IST on NSE, a 14.53 fold spurt over two-week average daily volume of 5.30 lakh shares
Sterling & Wilson Solar Ltd, Akzo Nobel India Ltd, IRB Infrastructure Developers Ltd, India Cements Ltd are among the other stocks to see a surge in volumes on NSE today, 31 December 2020.
Sun Pharma Advanced Research Company Ltd registered volume of 77.04 lakh shares by 14:14 IST on NSE, a 14.53 fold spurt over two-week average daily volume of 5.30 lakh shares. The stock rose 8.32% to Rs.196.65. Volumes stood at 2.1 lakh shares in the last session.
Sterling & Wilson Solar Ltd witnessed volume of 54.58 lakh shares by 14:14 IST on NSE, a 7.45 times surge over two-week average daily volume of 7.33 lakh shares. The stock increased 10.73% to Rs.261.55. Volumes stood at 14.83 lakh shares in the last session.