Hero MotoCorp

Adani Ports and Special Economic Zone Ltd (APSEZ) has said its flagship Mundra Port has created yet another record by welcoming the largest container ship to call at an Indian port. MSC Anna is a huge vessel with an overall length of 399.98 m (roughly the length of four football fields) and a staggering capacity of 19,200 TEUs (twenty-foot equivalent units), which makes it the largest container ship by capacity to ever visit an Indian port, APSEZ said in a statement.

The top gainers on the NSE on Tuesday’s trade were Adani Enterprises (5.40%), M&M (4.01%), Hero MotoCorp (3.37%),ONGC (2.85%), and L&T (2.46%). In addition, Reliance Industries stock rose 1.20 per cent to close at ₹2,839.

BSE Sensex rose by 229.47 pts or 0.32 per cent to trade at 73,005.60 as of 12.35 pm; and Nifty 50 was up 84.65 pts or 0.38 per cent at 22,188.70.

The Securities and Exchange Board of India has slapped a penalty of ₹15 crore on Arun Panchariya for alleged fraudulent activities related to the issuance of Global Depository Receipts (GDR) by Winsome Yarns Ltd. The latest ruling comes less than six months after appellate tribunal SAT, on an appeal filed by Panchariya, asked the watchdog to relook the matter and also said the ₹25 crore imposed on him cannot be sustained. Dixon Electro Appliances, subsidiary of Dixon Technologies, has entered into an agreement with Nokia Solutions and Networks OY (Nokia) for development and manufacture of telecom products. The board of JSW Energy has approved raising funds up to ₹10,000 crore in one or more tranches, as the power producer looks to snap up clean energy companies put on sale, amid targets to achieve 20 Gigawatt (GW) capacity by 2030. Patel Engineering and its joint venture partner have emerged as the lowest bidders for an irrigation project worth ₹343 crore. The company said its share in the irrigation project stands at ₹119.97 crore. The project, located in Maharashtra, involves construction of…

A Reuters report quoting unnamed sources said the markets regulator has found a dozen offshore funds invested in Adani group companies are in violation of disclosure rules and in breach of investment limits.