Reliance shuts unit at Jamnagar refinery

New Delhi: Reliance Industries Ltd said it has shut a secondary unit at its only-for-exports oil refinery at Jamnagar in Gujarat, which may delay shipment of some product cargoes. “The Fluidized Catalytic Cracker Unit (FCCU) in our SEZ refinery at Jamnagar had to be taken for an emergency shutdown on June 6, 2021,” the firm said in a filing to stock exchanges. pti

Mumbai
Icra projects 8.5% GDP growth in FY 2021-22

With decline in number of fresh Covid cases and easing of restrictions, the country’s GDP will grow at 8.5% in FY2021-22, according to credit rating agency Icra Ratings. It expects the gross value added (GVA) at basic prices (at constant 2011-12 prices) to grow at 7.3% in FY22. PTI

Mumbai
Financial, pharma stocks drive Sensex, up 359 pts

The Sensex surged nearly 359 points to close above the 52,300-level on Thursday, with financial, pharma and IT shares gaining the most amid positive global cues. The Sensex finished 358.83 points higher at 52,300.47. Similarly, the Nifty climbed 102.40 points to end at 15,737.75. pti

New Delhi
HDFC to raise up to Rs 2K cr through issuing bonds

Mortgage lender HDFC Ltd will raise up to Rs 2,000 crore by issuing debt securities on a private placement basis to augment its long-term resources. The secured redeemable non-convertible debentures for an issue size of Rs 2,000 crore will be open for bid on June 14 and closes on the same day. pti