Nifty futures traded 13 points, or 0.08 percent, higher at 15,635.50 on the Singapore Exchange, indicating that Dalal Street is heading for a positive start on Wednesday. The Bells tightened their grip, raising the benchmark index by almost 2% in the previous session as the rally was seen in all sectors. Positive global signals also helped the emotions. The BSE Sensex rose 934 points, or 1.8 per cent, to 52,532, while the Nifty rose 50,289 points, or 1.88 per cent, to 15,639.
SIEL Financial Services
Deepak Kumar Rastgi has been appointed as the company’s Chief Financial Officer (CFO) and Key Management Personnel (KMP) since March 17. Ram Jeevan Chaudhary will be relieved of his duties as Chief Financial Officer.
The company has entered into a membership agreement with Samiti Holding & Trading Company for allotment of equity shares up to 63.1 lakh at a price of Rs. 309 per share. Samiti Holding is an investor and will receive shares on a preferential basis.
CARE upgraded its credit rating on the company’s long-term banking facilities from A + to A + with a stable outlook.
The company launched in Turkey the Euro-5 variants of its three globally popular products (Xpulse 200 4V motorcycle and Dash 110 and Dash 125 scooters). Hero has been operating in Turkey since 2014 and caters to its customers through a network of over 100 touchpoints, providing sales, service and spares.
The company has subscribed to the optionally convertible debentures of Rs 194 crore allotted by Gem Paints, and has appointed a majority of directors on the board of Gem Paints and Esha Paints. To that end, Gem Paints and Esha Paints have become the company’s subsidiary and phased subsidiary, respectively.
Generic Engineering Construction and Projects
CRISIL has endorsed its long-term credit rating on the company’s bank loan facilities as BBB with stable Outlook and short term rating as A3 +.
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