Posts in category Economic Times
No royalty hike for parent as Nestle India shareholders turn down proposal (18-05-2024)
Majority of Nestle India shareholders have rejected a proposal to increase royalty payout to Swiss parent Nestle SA. A total of 57.18% shareholders voted against the proposal, including 70.8% public shareholders. The board approved a 5-year royalty increase from 4.5% to 5.25% of net sales. Proposal included Maggi instant noodles and Nescafe instant coffee.
Need to reconsider sachetisation of F&O trade to safeguard household savings: CEA (18-05-2024)
"When we take pride in the fact that we have the world's largest trading volume in futures and options (F&O), we need to ask ourselves is that a sign of progress or a sign of concern," the CEA said.
Debt, equity holders approve merger of IDFC with IDFC First Bank (18-05-2024)
"We wish to inform that the resolution approving the Scheme was passed by the overwhelming majority of 99.95 per cent of the equity shareholders, representing more than three-fourths in value of the equity shareholders of the bank voting through remote e-voting and e-voting during the meeting, in terms of the provisions of Sections 230-232 of the Companies Act, 2013," the lender said.
Delhivery Q4 net loss narrows to Rs 68 crore (18-05-2024)
In a separate statement, the company's MD and CEO Sahil Barua said, "FY24 has been a crucial year for us where we delivered consistent service levels, significantly improved profitability, completed a large portion of our planned long-term capital investments and achieved material working capital improvement".
Tech View: Nifty forms Piercing Line candle on weekly charts. What should traders do next week (18-05-2024)
Nifty is expected to move towards the upper range of 22800 levels in the next 1-2 weeks. Immediate support is placed at 22200 levels, said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities.
Gainers & Losers: BKT, Nestle among 6 stocks that were in spotlight on Saturday (18-05-2024)
While S&P Sensex closed 0.12% higher at Rs 74,006, the 50 company index Nifty-50 closed 0.16% higher at Rs 22,502.
Over 28 stock ideas from Prabhudas if BJP wins 300-325 seats in Lok Sabha elections (18-05-2024)
Here’ a list of sectors along with the sectoral top picks that will have a positive impact on NDA’s return, as suggested by Prabhudas Lilladher:
IEX shares rally 9% in 3 days after Q4 results beat (18-05-2024)
IEX reported a 14.7% YoY increase in its PAT on May 15 along with a revenue at Rs 149.5 crore for the fourth quarter of the financial year 2024.
Nestle India shares jump 3% as shareholders reject royalty hike (18-05-2024)
The jump in stock price happened after the MNC's shareholders turned down a proposal to increase royalty payments to Swiss parent Nestle. Results of a remote e-voting by shareholders show that 57.18% of the votes were cast against the proposal for increasing royalty from 4.5% to 5.25%.
Sundaram Home Finance Q4 results: Net profit at Rs 57 cr; disbursements breach Rs 5,000 cr (18-05-2024)
Sundaram Home Finance, the wholly owned subsidiary of Sundaram Finance has reported a net profit of Rs 57 crore for the January-March 2024 quarter, the company said.