KEC International bags new order

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KEC International bags new order

The infrastructure firm has secured a new order worth ₹1,560 crore. The new order comes from Power Grid Corporation and involves setting up transmission lines and substations. 


⭐ Chalet Hotels acquires new properties 

Chalet Hotels has announced the acquisition of two new companies. The hospitality firm will acquire a 82.2% stake in Dukes Retreat, which owns 80-room resort in Khandala. The deal is worth ₹81.7 crore. Meanwhile, Chalet Hotels will also acquire a 100% stake in Sonmil Industries for ₹74.6 crore. 


⭐ India’s smartphone  export rise in FY23

As per new industry data, India’s smartphone export is set to reach $10 billion in the ongoing fiscal year. According to the India Cellular and Electronics Association (ICEA), Apple and Samsung constitute 90% of total exports from India. Smartphone exports have doubled compared to last year, supported by production-linked incentive (PLI) schemes for domestic manufacturing.

Global markets (at 8:30 AM today)

Indices Today's movement
SGX Nifty ▼ 0.08%
Nikkei 225 (Japan) ▼ 0.24%
Hang Seng (Hong Kong) 0.87%
SSE Composite (China) 0.11%
Dow Jones (US) (March 22) ▼ 1.63%
NYSE (US) (March 22) ▼ 1.75%
Nasdaq (US) (March 22) ▼ 1.6%
S&P 500 (US) (March 22) ▼ 1.65%

Fact of the day

The US Federal Reserve hikes key policy rate by 25 basis points to 5%.

Source: Live Mint
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