Board approves amalgamation of Jay Shree Tea and Majhaulia Sugar
April 08, 2021
× The Board of Directors of Jay Shree Tea & Industries Ltd and Majhaulia Sugar Industries Private Ltd have considered and approved the scheme of amalgamation of both the companies. Majhaulia Sugar is the wholly owned subsidiary of Jay Shree Tea & Industries and both the companies are engaged in the same sector of business, i.e. agriculture and both have common economic objective and strategic goals, the company said giving the rationale behind the amalgamation.
“While the transferee company (Jay Shree Tea) is engaged in the business of cultivation, manufacture and sale of tea, the transferor company (Majhaulia) is engaged in the business of production, manufacture and sale of sugar and its by-products molasses, ethanol and bagasse. It would be advantageous to combine the activities and operations in a single company leading to strong capability in effectively meeting future challenges of comp
Nifty to open below 15,000 amidst weak global cues
March 05, 2021
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Most Asia-Pacific markets slumped in excess of 1% in early trade on Friday while US stocks declined overnight
The Indian markets are likely to open sharply lower on Friday, due to weak global cues and on profit booking. Cues from SGX Nifty suggest that Nifty is most likely to open below 15,000-mark. The SGX Nifty is hovering around 14,880, a decline of about 220 points, against the Nifty futures that on Thursday closed at 15,106.
Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities, said: “We witnessed a sharp decline (on Thursday) in our market mainly due to the sudden jump in the long-term bond yields of the US. The steady growth in the economy leads to a steady rise in the bond yields and therefore, the market should start offering discounts in the medium to long term.”
Nifty, Sensex will follow global cues on tech stocks and inflation – Weekly closing report moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.
Nifty, Sensex may move sideways until the US market ends its sharp downturn – Thursday closing report
Moneylife Digital Team
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We had mentioned in Wednesday’s closing report that Nifty, Sensex to log in more gains. On Thursday, the indices opened lower and rallied but still ended in the red. On the NSE, there were 1,022 advances, 862 declines and 85 unchanged.
The trends of the major indices in the course of Thursday’s trading are given in the table below:
Wipro announced that it will acquire Capco, a global management and technology consultancy providing digital, consulting and technology services to financial institutions in the Americas, Europe and the Asia Pacific, for USD 1.45 billion.