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India Cement’s promoter shareholders resigned on Wednesday after UltraTech Cements completed the acquisition of majority stakeholding in the Chennai-based cement manufacturer.
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BPCL said its board accorded its approval to commence pre project activities for setting up of a greenfield refinery cum petrochemical complex in east coast at Andhra Pradesh at an estimated cost of ₹6,100 crore
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Jammu and Kashmir Bank Ltd. on Wednesday appointed Amitava Chatterjee as the new managing director and chief executive officer. This makes him the second MD and CEO fo the bank.
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Metropolitan Stock Exchange raises Rs 238 crore through equity share issuance, attracting investments from Groww and Zerodha promoters.
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N Srinivasan resigns from India Cements after UltraTech Cement deal worth over ₹7,000 crore approved by CCI.
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Nifty 50 consolidates within 23,500-23,850, eyeing a potential breakout to 24,000 levels. Analysts highlight key support and resistance levels for Dec. 26 trade.
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N Srinivasan resigns from India Cements after UltraTech Cement deal worth over ₹7,000 crore approved by CCI.
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Srinivasan’s exit comes days after the CCI approved over Rs 7,000 crore deal, wherein billionaire Kumar Mangalam Birla-promoted UltraTech Cement will acquire a majority stake in India Cements Ltd
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Nifty 50 consolidates within 23,500-23,850, eyeing a potential breakout to 24,000 levels. Analysts highlight key support and resistance levels for Dec. 26 trade.
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HDFC Mutual Fund is renaming its HDFC Top 100 Fund to HDFC Large Cap Fund effective from January 1, 2025. This fund invests predominantly in large-cap companies aiming for long-term capital appreciation. The scheme will continue to be managed by Rahul Baijal and Dhruv Muchhal and benchmarked against the NIFTY 100 Total Returns Index.
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Suzlon shares on Tuesday settled 1.49 per cent lower at Rs 64.82. At this closing price, it has delivered 68.45 per cent returns to investors on a year-to-date (YTD) basis compared to an 8.58 per cent rise in benchmark BSE Sensex during the same period.
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“The inspection was concluded, and the Facility received an official notification on December 24, 2024, citing 10 observations. Cenexi is committed to working closely with the ANSM to address the Observations and will provide further updates to the exchanges as they become available,” Gland Pharma stated.
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By adopting a well-informed and balanced strategy, retail investors can navigate this challenging phase and position themselves for future gains.
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Another report by Motilal Oswal said that Indian equities have outperformed US markets over the past 35 years, as investments in the Indian equity markets growing by nearly 95 times since 1990.
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HDFC Mutual Fund is renaming its HDFC Top 100 Fund to HDFC Large Cap Fund effective from January 1, 2025. This fund invests predominantly in large-cap companies aiming for long-term capital appreciation. The scheme will continue to be managed by Rahul Baijal and Dhruv Muchhal and benchmarked against the NIFTY 100 Total Returns Index.
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Nifty’s Pharma and Healthcare indices have gained 1.7% and 2.6% respectively in the past month, while the benchmark Nifty declined 2% in this period.
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India Business News: Stock market holiday today: The stock markets will remain closed on December 25 for Christmas. On Tuesday, investors showed caution leading to minor d
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Infosys Limited is one of the leading multinational technology companies in the world. It is headquartered in Bengaluru, India, and has operations across the globe. The company was founded in 1981 by…
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NFRA has alleged in its order that despite the materiality of the transaction, which required rigorous examination, Deloitte issued unmodified audit opinions for both financial years.
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Lenders to Mumbai Metro One are close to selling their ₹1,226 crore debt to NARCL for ₹1,063 crore, including 15% cash. The government-backed bad bank may restructure the debt while recovering loans is under government guarantee. SBI and IDBI Bank had petitioned for insolvency previously.
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IndiQube Spaces Ltd. filed its preliminary papers with capital markets regulator SEBI on Tuesday to raise up to Rs 850 crore via an initial public offering. The public offer will include an offer for sale of up to Rs 100 crore and fresh issue worth Rs 750 crore. Rishi Das and Meghna Agarwal are the […]
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NFRA has alleged in its order that despite the materiality of the transaction, which required rigorous examination, Deloitte issued unmodified audit opinions for both financial years.
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IndiQube Spaces Ltd. filed its preliminary papers with capital markets regulator SEBI on Tuesday to raise up to Rs 850 crore via an initial public offering. The public offer will include an offer for sale of up to Rs 100 crore and fresh issue worth Rs 750 crore. Rishi Das and Meghna Agarwal are the […]
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Lenders to Mumbai Metro One are close to selling their ₹1,226 crore debt to NARCL for ₹1,063 crore, including 15% cash. The government-backed bad bank may restructure the debt while recovering loans is under government guarantee. SBI and IDBI Bank had petitioned for insolvency previously.
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Manorama Industries Ltd. promoters Vinita Ashish Saraf, Shrey Ashish Saraf and Agastya Saraf along with shareholder Ritu Saraf have offloaded stake worth Rs 200 crore through open market transactions on Tuesday. On the other hand, fund houses like LIC Mutual Fund, Bank of India Mutual Fund and Aditya Birla Sun Life Mutual Fund bought shares […]
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