This acquisition is part of the company’s strategy of backward integration and securing control over supply of frozen food. The company plans to shift its current frozen snacks and savories manufacturing to the Ariba Foods’ manufacturing facility located at Ujjain, Madhya Pradesh.
Posts in category Business Standard
G R Infra inks pact with RECPDCL to acquire TRPTL (04-09-2024)
G R Infraprojects announced that it has entered into share purchase agreement with REC Power Development and Consultancy (RECPDCL) for acquisition of Tumkur-II REZ Power Transmission (TRPTL).
Analysts bullish on defence stocks as DAC okays Rs 1.4-trn acquisition (04-09-2024)
Share prices of Cochin Shipyard, Mazagon Dock Shipbuilders, Paras Defence, HAL, Garden Reach Shipbuilders, and Mishra Dhatu Nigam gained up to 3.32 per cent on the BSE
US stocks start September on a weak note (04-09-2024)
‘US equities moved lower after re-opening session on Tuesday following a holiday shortened week on account of Labor day. The Nasdaq plunged 577.33 points or 3.3 percent to 17,136.30, the S&P 500 dove 119.47 points or 2.1 percent to 5,528.93 and the Dow tumbled 626.15 points or 1.5 percent to 40,936.93. With the steep drop, the Dow pulled back well off the record closing high set in the previous session.
KIMS shares hit lifetime high on ex-date announcement for 1:5 stock split (04-09-2024)
KIMS share price zoomed after the hospital chain on Tuesday announced that it has set September 13, 2024, as the record date for its 5-for-1 stock split
MOIL gains on achieving best ever production in Aug’24 (04-09-2024)
MOIL advanced 1.65% to Rs 394.65 after the company achieved its best ever August production of 1.24 lakh tonnes of manganese ore in August, 2024.
Sensex tumbles 432 pts; IT shares under pressure (04-09-2024)
At 11:30 IST, the barometer index, the S&P BSE Sensex, tumbled 432.96 points or 0.52% to 82,122.48. The Nifty 50 index slipped 159.05 points or 0.63% to 25,120.80.
FM underlines importance of setting quarterly targets for capex and ensuring implementation within a stipulated timeframe (04-09-2024)
Finance Minister Nirmala Sitharaman on Tuesday underlined the importance of setting quarterly targets for capex by various ministries and expedite spending in the remaining months of the year. In a review meeting on the budgeted capital expenditure for the Ministry of Road, Transport and Highways (MoRTH) and the Department of Telecom, Sitharaman exhorted the respective ministries to expedite implementation and make up for the June and September quarter targets in December quarter of FY2024-25 itself, the finance ministry said in a statement. A series of review meetings to be chaired by Sitharaman has been scheduled with various ministries/departments with significant capex outlays.
Stock market outlook: Here’s why Sensex, Nifty can fall up to 3% in Sept (04-09-2024)
Short-term share market forecast: Among sectors, the Nifty PSU Bank, Metal and IT indices could fall up to 7 per cent from present levels; Bullish pivot for Nifty stands at 25,030.
India undergoing rapid digital transformation, Says RBI’s Patra (04-09-2024)
According to Reserve Bank Deputy Governor Michael Debabrata Patra, India is undergoing rapid digital transformation. In the banking sector, digital banking platforms, mobile banking apps and online services are reducing cash dependency and furthering financial inclusion. Several FinTech companies and digital lending platforms offer quick and hassle-free loans to individuals and businesses, using data analytics and AI to assess creditworthiness.