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Deepak Nitrite's rebound needs demand, capex boost

Updated at : 2025-03-18 06:25:02

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Several of Deepak Nitrite s key projects, including the nitric acid plant and other units, have been delayed and might be completed by the first half of FY26. These projects were originally slated for commissioning in the second half of FY25.

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Canara Bank s bonds are callable at the end of five years. The base size of the bond issue was ₹1,000 crore with a greenshoe option of ₹3,000 crore.

PC Jeweller Ltd has approved the issuance of 51.71 crore shares to a consortium of 14 banks to settle a debt of Rs 1,510 crore. The shares are priced at Rs 29.20 each under a Joint Settlement Agreement. The new shares will have the same rights as existing ones.

Indian markets rebounded after a five-day losing streak, with Sensex rising over 200 points and Nifty50 closing flat but positive. Banking, auto, metal, and healthcare stocks gained, while FMCG and realty saw selling pressure. Several stocks hit fresh 52-week highs.

CARE Ratings has downgraded the outlook on ESAF Small Finance Bank s various tier 2 bonds instruments to "negative" from "stable" on account of high asset quality stress which has adversely impacted the bank s profitability.

Baskar Babu Ramachandran, the promoter and managing director of Suryoday Bank, has raised his holding in the bank to 5.18% from 5.04% earlier, with the purchase of 1.5 lakh equity shares through open market operations.

Religare Enterprises board seeks urgent funding from new promoters, the Burman Group, to bridge a cash flow gap. A governance review of REL and its subsidiaries has been commissioned, with Trilegal and Grant Thornton Bharat LLP leading the assessment.

The rupee strengthened by 20 paise against the dollar, closing at 86.80, driven by inflows. However, experts warn that sustained inflows are needed to maintain stability.

WazirX appoints Zodia Custody as its official custodian for secure asset management ahead of its relaunch. The partnership ensures compliance and protection for users digital assets.

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Capital markets regulator Sebi on Monday said it has disposed of 4,986 complaints in February through its grievance redressal facilitation SCORES platform.

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