News Briefs (2022-05-01)

Indian shares end lower
BENGALURU, Apr 29: Indian shares ended lower and recorded losses for the month on Friday on declines in conglomerate Reliance Industries and Axis Bank, while the overall sentiment was dampened by concerns around rising inflation.The NSE Nifty 50 index was down 0.83 per cent at 17,102.55 at close, and the S&P BSE Sensex fell 0.8 per cent to 57,060.87. The benchmark indexes have lost more than 2 per cent in April, hurt by weak earnings from domestic technology firms, fears over the fallout of the Ukraine war, surging inflation and strong policy tightening signals from the Fed. The Nifty IT index have plunged 12.9 per cent this month. "Ukraine war situation, pace of interest rate hikes, inflationary, high commodity prices and limited purchasing power of consumers will continue to mount pressure and keep markets rangebound and volatile," said KK Mittal, investment adviser at Venus India.
— Reuters
Transfer intention
Genex Infosys: Mr. Prince Mojumder one of the directors of Genex Infosys Limited, has reported his intention to transfer 6,00,000 shares out of his holding 46,42,969 shares of the company to his mother Mrs. Momota Rani Ray (General Shareholder of the company), by way of gift outside the trading system of the Exchange within April 28, 2022 from the date of issuance of approval letter by DSE.
Tosrifa Industries: Mrs. Anjuman Ara, one of the directors of Tosrifa Industries Ltd, has reported her intention to transfer her entire holding 17,42,500 shares to her spouse Mr. Naim Hasan (Sponsor Director), by way of gift outside the trading system of the Exchange within April 28, 2022 from the date of issuance of approval letter by DSE.
Transfer
confirmation
Taufika Foods and Lovello Ice-cream PLC: Mr. Md. Ekramul Haque one of the sponsor directors of Taufika Foods and Lovello Ice-cream PLC, reported that he has completed his transfer of 30,00,000 shares of the company to his daughter Ms. Muhsinina Sharika Ekram (general shareholder of the company), by way of gift outside the trading system of the exchange as per declaration disseminated on 11.04.2022.
— CSE Online