FMCG major Hindustan Unilever (HUL) board has given its in-principle approval for demerging its ice cream business into a separate listed entity.
Posts in category All News
Protesters Defy Pakistan Crackdown to Demand Imran Khan’s Release (26-11-2024)
Supporters of the ex-prime minister marched toward Islamabad, the capital. Clashes with the police left at least one officer dead, the authorities said.
KPI Green- Turning Sunshine Into Cashflows (26-11-2024)
Can someone summarize this paywall protected article please?
Hindujas in talks to raise 2nd tranche of Rs 4,300 crore (26-11-2024)
The first tranche amounting to ₹3,000 crore was raised from Barclays and 360 One in September, as reported by ET. The second round had been delayed pending approval from the Department for Promotion of Industry and Internal Trade (DPIIT), people cited above said.
Pre-market action: Here’s the trade setup for today’s session (26-11-2024)
Foreign portfolio investors turned net sellers at Rs 9,947 crore on Monday. DIIs bought shares worth Rs 6908 crore.
Citi upgrades RIL to ‘Buy’, sees 18.5% upside (26-11-2024)
The firm raised its target price on the stock to ₹1,530, indicating an upside potential of 18.5% from Monday’s closing price of ₹1,290.95. The stock gained 2% on Monday while the benchmark Nifty rose 1.32%.
Delayed government payments hit cos’ operating cash flows in H1 (26-11-2024)
Discretionary, materials and industrials sectors were hit the hardest, facing weaker cash flows alongside rising capex. The slowdown in OCF is largely attributed to delayed government payments, according to analysts.
Vedanta seeks up to $1.2 billion via bonds to refinance debt (26-11-2024)
The bonds are raised through its issuing entity Vedanta Resources Finance II PLC. The bonds are fixed-rate senior unsecured guaranteed notes issued under 144A/Regulation S. The company gave initial price guidance of 10.375%, but was able to close the 3.5-year bond at 10.25% and 7-year bond at 11.25%.
‘Buy the Dip’ in large-cap stocks, FII flows unlikely to return soon (26-11-2024)
Bharti Airtel, Maruti Suzuki India, Avenue Supermart (Dmart), Reliance Industries, Axis Bank, IndusInd Bank, Larsen & Toubro, TCS, NTPC and Power Grid Corp are among the large-cap stocks in its buy list.
Indices continue climb on ballot of sentiment (25-11-2024)
Five of 11 Adani stocks closed down on Monday, with Adani Green Energy, cited in the US Department of Justice indictment, falling 9.2%, hitting its 52-week intraday low. The stock has declined 31.4% since the Adani corruption indictment became public last week.