Corporate Radar: Finolex Cables, Glenmark Life, IGL to trade ex-dividend; BEL bonus issue and more
Besides, Bharat Electronics and Rajnandini Metal shall trade ex-bonus for 2:1 and 1:2 bonus share issuances, respectively. Also, the rights issue for Libas Consumer is lined up for today as part of which the company shall offer the right to buy 1 share for every 2 shares held at Rs 21 per share.
19 firms that have doubled profits for two straight years available at 20-50% discount
Some of them are obvious names, especially those that have benefitted from the commodity boom in the last couple of years. A few of them are little known names that have surprised investors and analysts.
Key O2 cylinder provider blacklisted for supply failure
On May 24, the Central Medical Services Society (CMSS) –– the health ministrys procurement agency for health goods –– cancelled an order for 44,000 oxygen cylinders and blacklisted Everest Kanto Cylinders (EKC) Ltd –– for two years.
Ban on oxygen supply to industries stops production of much-required oxygen cylinders
Two of the largest manufacturers of oxygen cylinders, Everest Kanto Cylinder and Rama Cylinders have stopped production for the past two days due to a shortage of oxygen as supplies meant for industries have been diverted for medical usage, said people in the know. The companies need about two tonnes of oxygen a day each as part of the heat treatment process for manufacturing seamless cylinders.