The Competition Commission of India (CCI) recently approved the acquisition of Kesoram Cement Business by UltraTech Cement Limited. This move marks a significant consolidation within the Indian cement industry, with potential repercussions for market dynamics and competition. What’s the Deal? The acquisition involves the transfer of Kesoram Industries’ entire grey cement business to UltraTech Cement. …
On March 19, 2024, Mumbai-based private lender Yes Bank Ltd informed in an exchange filing that the company had completed the transfer of its exposure to Katerra India Pvt. Ltd to Prudent ARC Ltd. Details of the Transaction On Tuesday, Yes Bank stated, “Yes Bank Limited vide newspaper publication dated January 20, 2024, had invited …
On March 19th, Zomato launched a “Pure Veg Mode” along with a “Pure Veg Fleet” on its platform, catering to customers with a 100% vegetarian dietary preference. This fleet exclusively delivers vegetarian food in green-labelled boxes, ensuring no cross-contamination with non-vegetarian options from restaurants. Founder Deepinder Goyal also announced plans for specialized fleets catering to …
Vodafone Idea informed the exchanges that American Tower Corporation (ATC), one of its largest telecom infrastructure service providers, has requested VIL to convert 14400 OCDs (Optional Convertible Debentures), amounting to Rs 1440 crore, into 144 crore fully paid-up equity shares having a face value of Rs 10 per share. As per the filing, Vodafone Idea …
Tata Sons, the promoter of India’s largest software services exporter company Tata Consultancy Services (TCS), has proposed to sell 2.34 crore shares of TCS in block deals valued at approximately Rs 9,300 crore, at a rate of Rs 4,001 per share. The reported price represents a 3.6% discount to today’s closing price of Rs 4144.75 …
A Landmark Achievement Sona BLW Precision Forgings Ltd. (Sona Comstar), a prominent player in the global automotive technology sector, proudly announces its accomplishment of two significant production milestones. With the successful manufacturing of 400 million differential gears and 6 million differential assemblies, Sona Comstar reaffirms its position as a leader in automotive technology solutions. These …
The benchmark index S&P BSE 500 opened today at 31,335.49 and made its day high at 31,426.41, and it is trading almost flat today, down by around 0.07% From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. HLE Glascoat Ltd Shares …
Shipping Corporation of India Land and Assets Limited (SCILAL), a demerged entity of Shipping Corporation of India (SCI), will debut exchanges on March 19, 2024, under the T2T category. As per reports, SCILAL has obtained the final approval for listing and trading its 46 crore shares, valued at Rs 10 each, from both the BSE …
On Monday, the benchmark indices were trading flattish with the Sensex up around 38 points or 0.05% at 72,675, while the Nifty-50 was down around 15 points or 0.08% at 22,009. About 1,797 shares have advanced; 1,465 declined; and 125 are unchanged on the BSE. Top gainers and losers on the BSE Sensex index: The …
Nifty 50 and Sensex witnessed a fall of 0.56% and 0.62%, closing at 22,023 and 72,643, respectively. Foreign Institutional Investors (FIIs) bought securities worth ₹848 crore, and Domestic Institutional Investors (DIIs) sold securities worth ₹682 crore. Top Gainers and Losers Nifty Metal and Nifty FMCG witnessed gains when it came to sectoral overview, while Nifty …
