News for Omaxe Limited (OMAXE.BO)

Omaxe to invest Rs ₹400 crore in Faridabad for two commercial projects, part of 'World Street by Omaxe.'

Stocks including TCS, Power Grid, Bharat Electronics, IndiGo, Biocon, Rail Vikas Nigam, Quess Corp, RITES, Laurus Labs and Firstsource Solutions will be in the spotlight on Friday, March 07.

Realty firm Omaxe Group will invest Rs 2,500 crore to develop a 50-acre commercial-cum-sports complex at Dwarka in the national capital to expand its business. In a statement, Omaxe said it has launched the commercial project "The Omaxe State" comprising sports complex, retail area and a hotel.

Realty firm Omaxe Group will invest Rs 2,500 crore to develop a 50-acre commercial-cum-sports complex at Dwarka.

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Omaxe's shares fell 5% following a Sebi order barring the company and its executives from the securities market for two years due to financial irregularities. Sebi also fined 16 entities for manipulating financial statements between 2018 and 2021, thus misleading investors and maintaining the company's scrip prices.

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These Bus Terminals will be developed under design, build, finance, operate and transfer (DBFOT) model on PPP basis.

Sensex rose 376 points to 72,426 and Nifty ended 130 pts higher at 21,910. BSE investor wealth climbed to Rs 389.60 lakh crore.

A long build-up was seen in 72 stocks, which included National Aluminium Company, Metropolis Healthcare, Mphasis, TVS Motor Company, and Dr Lal PathLabs.

Warburg Pincus divests stake in Kalyan Jewellers, spectrum auction approved, railway projects approved, and more corporate news.

More than 500 companies across all sectors will be revealing their third quarter financial results next week.

HUL announces key changes to MC, deepening focus on Beauty & Personal Care. Harman Dhillon & Kartik Chandrasekhar join MC as Exec. Directors. Tata Power wins bid to acquire Bikaner-III Neemrana-II Transmission Ltd. Granules India receives US FDA approval for Sildenafil for Oral Suspension. Alkem Labs receives Form 483 with 3 observations. Tata Consumer Products appoints Ashish Goenka as Group CFO. Avantel Ltd receives Provisional Purchase Order worth Rs.67.92 cr. AstraZeneca Pharma India gets permission to import new drug. Lemon Tree Hotels opens Lemon Tree Hotel, Dapoli. Prime Securities Ltd to acquire 60% stake in Prime Global Asset Mgmt. Sadhna Nitro Chem to raise funds via rights issue. Harsha Engineers & Goldi Solar to jointly bid for tender. Mahindra EPC Irrigation wins contract. RSWM Ltd to acquire Spinning, Knitting & Processing Undertaking. Omaxe acquires 75% stake in FBD Real Grow. KPI Green Energy receives orders for solar power projects. Stelis Biopharma & Syngene execute final agreements. LG Balakrishnan to acquire Pondicherry Plant. HFCL & HTL receive orders for Optical Fiber Cables. Salasar Techno Engineering bags EPC contract. GPT Infraprojects receives arbitration amounts. GMM Pfaudler US completes acquisition of Professional Mixing Equip. Bright Outdoor Media clinches Western Railways contract. EP Biocomposites gets order for STP. Shelter Pharma secures order from Taha Drugs & Chemicals. Trishakti Industries obtains contract from PSU in oil & gas.

In this week, the BSE Sensex gained 0.84 percent or 540.9 points to close at 64,904.68, while Nifty50 added 194.75 points or 1 percent to end at 19,425.35. Among broader indices, the BSE LargeCap index added 1 percent, BSE MidCap index 2.6 percent and the BSE SmallCap index 2 percent

Foreign institutional investors (FIIs) continued their selling as they sold equities worth Rs 3,105.27 crore, meanwhile domestic institutional investors (DIIs) bought equities worth Rs 4,155.23 crore.

Among sectors, Nifty Realty index gained 4.3 percent, Nifty Auto index added 2.8 percent, Nifty FMCG index rose nearly 2 percent and Nifty Media index added 1.5 percent.

In terms of the market value, Reliance Industries added the most, followed by Hindustan Unilever, Bharti Airtel and Tata Motors.

BSE Sensex shed 64.66 points, or 0.10 per cent, to end the session at 66,408.39. NSE's Nifty50 fell 17.35 points, or 0.09 per cent, to end the day at 19,794 for the day.

The company’s shares, which closed at Rs 44.21 on September 20 ended at Rs 75.33 on Friday (previous trading session), gaining 70.39% during the period. The stock has ended in green since September 20