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“For Nifty, support is there at around 18,150 to 18,200 zone. If we hold that, then we will definitely see new all-time highs coming soon. Likewise, for Bank Nifty, a sustenance and a close above 41,800 is a mandate. Otherwise, again we will see a fall towards 41,000 but if we sustain above 41,800, we will see targets of 43,000 to 43,500 very soon.”

BEML, formerly Bharat Earth Movers Limited, is a public sector undertaking headquartered in Bengaluru. It manufactures a variety of heavy equipment, such as that used for earth moving, transport and mining.

During the quarter, Jubilant opened 76 new Domino’s stores taking the network strength for Domino’s in India to 1,701 stores. It entered 22 new cities during the quarter to expand its reach to 371 cities across India. The company also opened two new stores for Popeyes and one store for Dunkin’.

Godrej Properties Ltd said it has acquired 12 acres of land in Pune for the development of a housing project that has an estimated sales revenue potential of about Rs 2,000 crore. Godrej Properties, which is part of the business conglomerate Godrej Group, is one of the leading real estate developers in the country

The S&P 500 is down for all three quarters in 2022 - this has happened only four times in the last 50 years. Both US stocks & bonds are down substantially in the first 9 months of the year, which has happened only 3 times in 100 years.

The company delivered a solid second quarter despite challenging headwinds from inflation, the stronger US dollar, and reduced metal benefits, with good operational performance that allowed it to capture robust end-market demand in the quarter and increase total shipments, Steve Fisher, President, and CEO, Novelis Inc, said.

The company is planning to raise Rs 1,200 crore of primary capital, and there can be a small offer for sale by the external investors, but none of them has indicated that they want to exit the company, Sadaf Sayeed, the chief executive of Muthoot Microfin, told PTI from New Delhi.

“We are shying away from chemicals, especially the bulk commodity chemicals because it is going to be pretty volatile out there. Also, companies which have an export focus where they do not have a very strong competitive advantage. Companies which can navigate through this challenging time is something one should be focussed on besides local manufacturing.”

Furthermore, the company’s filing stated that “This being the centenary birth year of Purushottam Dass Bangur, the company would dedicate the new green field Jute Unit under in its wholly-owned subsidiary i.e. Gloster Nuvo to the late Purushottam Dass Bangur and name it Unit Purushottam.”

The net proceeds from the issue will be utilised towards repayment or prepayment of certain borrowings availed by the company and/or its subsidiaries, funding acquisition of future real estate projects and general corporate purposes.