The MSCI November 2024 index review, effective Monday, put the spotlight on the banking giant due to its weightage adjustment. This marks the final tranche of a phased increase announced earlier this year, reinforcing HDFC Bank’s pivotal role in the MSCI index realignment.
Posts in category Economic Times
Sebi to auction 17 properties of KBCL India on Dec 23 (25-11-2024)
Capital markets regulator Sebi will auction 17 properties of KBCL India Ltd on December 23 to recover money illegally collected from investors. The regulator has initiated the process for the sale of assets after KBCL India Ltd, its directors Rakesh Kumar, Vishvnath Pratap Singh and Shashi Kant Mishra failed to refund the investors’ money.
Cummins India’s growth hinges on pricing trend, competitive intensity (25-11-2024)
The stock of Cummins India staged a recovery on Monday with over 6% gain after shedding nearly 7% since declaring the September quarter result on November 7. The company reported a strong double digit growth year-on-year in revenue and profit for the second quarter amid expansion in operating margin before depreciation and amortisation (EBITDA margin).
Realty developer Kalpataru gets SEBI approval for Rs 1,590-crore IPO (25-11-2024)
Realty developer Kalpataru Ltd has received approval from capital market regulator the Securities and Exchange Board of India (SEBI) for its maiden equity share sale. The company’s initial public offering (IPO) comprises a fresh issue of up to Rs 1,590 crore.
Sebi approves IPOs of Kalpataru and Unimech Aerospace (25-11-2024)
Sebi has approved the IPOs of Kalpataru Ltd and Unimech Aerospace. Kalpataru plans to raise Rs 1,590 crore through a fresh issue, while Unimech Aerospace recently raised Rs 250 crore in a private placement. Kalpataru focuses on luxury, premium, and mid-income real estate projects, while Unimech Aerospace specializes in machining, fabrication, and assembly of aerospace components.
Property Share files offer document for Rs 353 crore IPO of India’s first SM REIT (25-11-2024)
Property Share Investment Trust (PSIT) has filed the offer document for PropShare Platina, India’s first SM REIT, with an issue size of up to Rs 353 crore. The IPO will open on December 2. The scheme offers a projected distribution yield of 9% for FY26, 8.7% for FY27, and 8.6% for FY28. The units will be listed on BSE.
HUL gives in-principle nod to demerger of ice-cream business into separate listed entity (25-11-2024)
Hindustan Unilever’s board has granted preliminary approval to spin off its ice cream business into a separate publicly listed company. Shareholders will receive stock in the new entity proportional to their existing HUL holdings. The move aims to unlock value and provide the ice cream business with greater strategic flexibility.
Niva Bupa shares rise over 6% on returning to black in Q2 (25-11-2024)
The insurance firm reported a profit after tax of Rs 13.02 crore for the September quarter, compared to a loss of Rs 7.59 crore in the same period last year. It had posted a loss of Rs 18.82 crore in the June quarter.
Stock market update: Nifty Bank index 2.1% (25-11-2024)
The Nifty Bank index closed 2.1 per cent at 52207.50.