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NEW DELHI: Nifty futures on the Singapore Exchange traded 135 points, or 0.91 per cent, higher at 15,003.50 signaling that Dalal Street was headed for a positive start on Monday. Here are a dozen stocks which may buzz the most in today s trade:
Q4 earnings: Zydus Wellness, Intellect Design Arena, HFCL: Zydus Wellness, Intellect Design Arena, Chambal Fertilizers & Chemicals, HFCL, Venky s (India), Paushak, HSIL, Satia Industries, PPAP Automotive, Oriental Aromatics, JMC Projects (India), Sangam Renewables, are among companies that will announce their March quarter results today
Ultratech Cement: The Aditya Birla Group firm reported a 45.2 per cent decline in consolidated net profit to Rs 1,774.13 crore for the fourth quarter ended March 2021 on account of reversal of deferred tax liabilities. The leading cement producer had posted a net profit of Rs 3,236.85 crore in the January-March quarter a year ago, it said in a BSE filing.
Ahluwalia Contracts settles dispute with A2 Interiors; moves to withdraw insolvency proceedings
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Last Updated: May 10, 2021, 01:43 PM IST
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On May 5, the Delhi-based bench of NCLT had allowed the insolvency plea filed by A2 Interiors Products, an operational creditor, against Ahluwalia Contracts claiming default of Rs 14.10 crore and had appointed an IRP.
Ahluwalia Contracts had engaged A2 Interiors Products for interior, furnishing and allied civil and electrical works at various project sites. It had supplied materials to Ahluwalia Contracts as part of various work orders issued for six projects at different locations in the country.
Construction firm Ahluwalia Contracts has entered into a settlement agreement and resolved the payment issues with its operational creditor, A2 Interiors Products Pvt Ltd, and is filing an application to withdraw the insolvency proceedings.
NCLT initiates insolvency proceedings against Ahluwalia Contracts
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Last Updated: May 09, 2021, 02:31 PM IST
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The New Delhi-based NCLT bench allowed the insolvency plea filed by A2 Interiors Products Pvt Ltd against Ahluwalia Contracts, claiming default of Rs 14.10 crore, and appointed an interim resolution professional.
PTI
The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against construction firm
Ahluwalia Contracts India for defaulting on payments to an operational creditor. The New Delhi-based NCLT bench allowed the insolvency plea filed by A2 Interiors Products Pvt Ltd against Ahluwalia Contracts, claiming default of Rs 14.10 crore, and appointed an interim resolution professional.
INOX Air Products says oxygen situation in Delhi will ease in a couple of weeks
May 05, 2021
‘Liquid oxygen makers have been operating their plants at 120 per cent capacity for months’
INOX Air Products Pvt Ltd, the biggest producer of industrial and medical gases in India, has blamed gaps in the supply chain for the shortage of oxygen, particularly in Delhi and said that the situation would ease “in couple of weeks”.
“Making oxygen is easy but what’s really hard is delivering oxygen to patients,” Siddharth Jain, Director, INOX Air Products, told a media conference.
Liquid oxygen makers have been operating their plants at 120 per cent capacity for months and production capacity have been raised by 30 per cent in just 30 days, he said adding that “misinformation has been spread” on shortage of the life-saving element.
Express News Service
BENGALURU: Chief Minister BS Yediyurappa and Chief Secretary P Ravi Kumar have written to the Central Government to increase the allocation of medical grade oxygen supply to the state after the Centre capped the quota to 300 metric tons of oxygen per day for Karnataka. This is much less than the present requirement, said sources in the know of the matter.
“There are seven liquid oxygen plants in Karnataka which, together, manufacture around 812 metric tons of oxygen per day. Out of this, the Centre has allocated only 300 tons to the state. The rest of the oxygen will be distributed to other states as per Central allocation. This is just not enough for the state, which is grappling with an acute shortage of oxygen.