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Dilip Bulidcon emerges lowest bidder

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Dilip Bulidcon emerges as lowest bidder

Infrastructure firm said it has been declared the lowest bidder for a highway project worth ₹780 crore. This new project involves the construction of a 16 km six-lane highway in Andhra Pradesh to be completed in 24 months.

⭐ SJVN secures project financing

The power generation company has secured new funding worth ₹915 crore from Japan Bank for International Cooperation. The company will use these funds to finance two solar energy projects in Madhya Pradesh and Gujarat, having a combined value of ₹1,288 crore.

⭐ Oil price move higher

Crude oil prices rose by over 2.5% on Monday. This comes after Iraq, a key oil-producing nation, was forced to halt its oil exports from the Kurdistan region. Besides this, ease in the US banking crises after First Citizens Bank agreed to acquire crisis-hit Silicon Valley Bank was also a positive sign for oil demand.


Global markets (at 9:30 AM today)

Indices Today's movement
SGX Nifty 0.20%
Nikkei 225 (Japan) ▼ 0.11%
Hang Seng (Hong Kong) 0.71%
SSE Composite (China) 0.05%
Dow Jones (US) (March 27) 0.60%
NYSE (US) (March 27) 0.92%
Nasdaq (US) (March 27) ▼ 0.47%
S&P 500 (US) (March 27) 0.16%

Fact of the day

According to the National Sample Survey (NSS), one out of ten Indian households purchased or constructed a new house in the past seven years.

Source: CNBC India
Categories: Morning Update