Welspun unit take management control of MSK Projects

Construction and engineering company Welspun Corp Ltd, through its subsidiary Welspun Infratech Ltd, said it has taken the management control of the MSK Projects (India) Ltd. With this transfer of control, Welspun Infratech holds 61.1% stake in MSK Projects, said the company in a regulatory filing.

On Tuesday, Welspun shares declined 1.2% to Rs248 on the Bombay Stock Exchange, while the benchmark Sensex ended flat to close at 18,048 points.

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Ministry of Steel appoints GB Joshi as director of NMDC

The Ministry of Steel has appointed GB Joshi, as the director of NMDC Ltd. Prior to this, Mr Joshi was the executive director (personnel) in NMDC, said the company in a regulatory filing.

On Tuesday, NMDC shares declined 0.7% to Rs254 on the Bombay Stock Exchange, while the benchmark Sensex ended flat to close at 18,048 points.

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IT People India to set up nationwide multicommodity exchange

IT People India Ltd, promoter of Universal Commodity Exchange Ltd (UCX), has received an "in-principle" approval from the Ministry of Consumer Affairs to set up a nationwide multicommodity exchange.

IT People India is engaged in promoting software products and solutions to capital and commodities markets and IT consulting services and solutions to companies worldwide.

On Tuesday, IT People India shares gained 4.9% to Rs35 on the Bombay Stock Exchange, while the benchmark Sensex ended flat to close at 18,048 points.

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