GMR Infra: Shares of GMR Infrastructure Ltd. rose nearly 3.7% in intraday trade to Rs 39.4 apiece after the company’s shareholders and secured creditors approved the amalgamation and arrangement among GMR Power Infra, GMR Infra and GMR Power and Urban Infra and their respective shareholders during the NCLT convened meetings.
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BLS International Wins Embassy Of Italy Contract To Process Visa Applications In Russia For Five Years
Shares of BLS International Services Ltd. rose nearly 5% to Rs 266 apiece after the company won the contract with Embassy of Italy in Russia for processing visa for a period of five years. Under the contract, the company is estimated to process 1.4 lakh applications annually in 20 centres across Russia, BLS International said in an exchange filing.
Godrej Properties Advances On The Addition Of Large Redevelopment Project In Mumbai; RSI > 70
Godrej Properties Report: Shares of Godrej Properties Ltd. rose 2.5% to Rs 2,290 apiece after the company announced that it entered into an agreement to redevelop a land parcel in Wadala, Mumbai. The project, spread across 7.5 acres, will offer 0.15 million square metre of saleable area primarily comprising of residential apartments.
Zee-Sony Deal: The Non-Compete Fee Twist
Zee-Sony Deal: An interesting element of the proposed merger between Zee Entertainment Enterprises Ltd. and Sony Pictures Networks India Pvt. is a non-compete fee being paid to Zee founder and promoter, Subhash Chandra.
HUL – Recovery In Discretionaries Continues; Commodity Costs Stable On A Sequential Basis
Hindustan Unilever Ltd. (HUL) continues to lay the foundation for future growth and has been able to do so ahead of peers.