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Union Chemicals & Fertilisers Minister presents ICC Annual Awards for year 2020

Union Chemicals & Fertilisers Minister presents ICC Annual Awards for year 2020
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Benchmarks trade with minor cuts; Tata Motors slips over 4%

After a brief recovery, the domestic equity benchmarks once again slipped into the negative terrain in morning trade. The Nifty managed to hold above the 15,000 mark. Realty shares rose for the third day. At 10:20 IST, the barometer index, the S&P BSE Sensex, was down 70.91 points or 0.14% to 50,122.42. The Nifty 50 index lost 21.15 points or 0.14% to 15,086.95. The broader market was trading higher. The S&P BSE Mid-Cap index gained 0.56% while the S&P BSE Small-Cap index rose 0.63%. The market breadth was strong. On the BSE, 1700 shares rose and 915 shares fell. A total of 128 shares were unchanged. The undertone of the market was upbeat amid hopes of reopening of economic activity soon as fresh daily Covid cases decline. Encouraging quarterly results also boosted sentiment.

Board of India Glycols approves transfer of BioEO biz to subsidiary - IGL Green Chemicals

Also approves onboarding of Clariant as majority partner in IGL Green ChemicalsThe Board of India Glycols at its meeting held on 11 March 2021 has approved the execution of the business transfer agreement on 11 March 2021 for transfer of Company s BioEO (Speciality Chemicals) Business to IGL Green Chemicals (IGCPL), a wholly owned subsidiary. The Board also approved entering into a joint venture with IGCPL and Clariant International (Clariant), in connection with, inter alia, investment by Clariant in IGCPL and issuance of subscription shares by IGCPL to Clariant, which will result in IGCPL becoming a 51 :49 joint venture, in which 51% stake will be held by Clariant and the remaining 49% stake will be held by the Company.

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