The Godrej family has started division by exiting the boards of each other’s companies and will soon divest their stakes. The separation is between the two branches of the family, where Adi Godrej and his brother Nadir are on one side and their cousins Jamshyd Godrej and his sister Smita Godrej are on the other …
Indian benchmark indices are poised to open lower due to reports of fresh conflict in the Middle East, dampening market sentiment. Titan Company Limited Titan Company Limited (Titan), previously known as Titan Industries Limited, was established in 1984 as a joint venture between the Tata Group and Tamil Nadu Industrial Development Corporation Limited (TIDCO). Titan …
The retail jewellery showroom operator Senco Gold Ltd announced its business update for the quarter (Q4 FY2024) and year (FY 2024) ended March 31, 2024. The company recorded a YoY growth of 39% and 28% in Q4 FY2024 and FY2024, respectively. In spite of the rising gold prices, the company recorded a YoY growth of …
In an exchange filing, Shoppers Stop informed that the company inaugurated its first store in Shillong on April 16, 2024. The company stated that this store will offer premium brands and the best experience to customers, making it the go-to destination for discerning shoppers in the city and surrounding area. With the new Shoppers Stop …
Steel Strips Wheels Limited (SSWL), a leading Indian manufacturer of automotive wheel rims, marked a significant milestone on April 16, 2024, by announcing a new alloy wheel supply agreement with a top passenger vehicle (PV) manufacturer in India. This strategic partnership strengthens SSWL’s position as a key player in the evolving Indian automotive industry, particularly …
On April 16, 2024, Sterlite Technologies Ltd (STL), a prominent player in optical and digital solutions, announced a successful fundraising effort. Through a Qualified Institutional Placement (QIP), STL secured ₹1,000 crore. Global and Indian Investors Drive Demand The QIP offering attracted participation from a diverse group of esteemed investors, including both global and Indian institutions. …
Senco Gold Limited is an India-based jewellery retailer. The company primarily sells gold and diamond jewellery and also offers jewellery made of silver, platinum, precious and semi-precious stones, and other metals. There is a significant surge in the company’s stock price today. Share Performance At the start of the day’s trading session, the stock opened …
On April 15, 2024, Hitech Corporation Ltd informed in an exchange filing that the company’s board of directors held a meeting and approved the proposal to incorporate a wholly-owned subsidiary in the United States of America (USA). Details of the Wholly Owned Subsidiary On Monday, the board of directors of Hitech Corporation Ltd approved the …
Jio Financial Services, The financial subsidiary of Reliance Industries, witnessed a significant surge of 5% during today’s intraday session, reaching Rs.371.95 per share. This increase follows the company’s announcement, made through an exchange filing on Monday, regarding the signing of an agreement to establish a 50:50 joint venture with BlackRock. What Has Been Said? “BlackRock, …
On April 15, 2024, Cipla Ltd announced in a stock exchange filing that the company’s wholly-owned subsidiary, Cipla Health Limited (CHL), has signed a business transfer agreement (BTA) to purchase the distribution and marketing business undertaking of the cosmetics and personal care business of Ivia Beaute Private Limited, India (IVIA). This undertaking includes IVIA’s brands, …
