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In recent statements, Subhash Chandra has said that promoters of ZEEL will increase their stake in the company to 26 percent from the current 4 percent. Rules mandate that listed companies should disclose material events to shareholders first.

Selling in power and FMCG names dragged the markets down. However, buying in metal, realty and oil and gas stocks capped the losses

Wadhwani’s gift to IIT Madras is being touted as one of the largest gifts given by an alumnus to create a school at an educational institution in India

The central bank is widely expected to lower interest rates this year. But with growth and consumer spending chugging along, explaining it may take some work.

Top Nifty losers were Bajaj Finance, Titan Company, UltraTech Cement, NTPC and Bajaj Finserv, while gainers were Tata Motors, BPCL, Grasim Industries, Eicher Motors and Adani Enterprises

Revenue came in at Rs 7,215 crore, up 7 percent from the year-ago quarter.

Tata Investment Corporation is primarily involved in investing in long-term investments, such as equity shares and equity-related securities.

Although there is a decline compared to the previous quarter, the product mix and price increase will support an overall rise in profitability.

These orders from domestic and export markets are for high-performance power conductors, optical ground wire (OPGW) and power cables among others.

On January 29, the Mukesh Ambani-led Reliance Industries (RIL) single-handedly contributed to a 38 percent surge in the Nifty 50 market capitalisation.