Shares of ITC rose 2.2% to Rs 514.8 after the NCLT approved the demerger of its hotel business. The Kolkata bench of the NCLT approved the demerger, effective after fulfilling necessary conditions. ITC shareholders will own 60% of the new entity, with ITC retaining 40% ownership. ITC’s market cap is now Rs 6,43,390 crore.
IndusInd Bank’s net advances climb 13% YoY in Q2 FY25 (07-10-2024)
The private lender’s net advances jumped 13% to Rs 3,56,980 crore as of 30 September2024 as compared to Rs 3,15,454 crore as of 30 September2023.
HeidelbergCement zooms 18% on report Ambuja eyeing to buy co’s India ops (07-10-2024)
Ambuja Cements is in talks to acquire Indian operation of Heidelberg at an estimated cost of Rs 10,000 crore for 14 mtpa, reports said
Rupee rises 2 paise to 83.97 against US dollar in early trade (07-10-2024)
Meanwhile, the dollar index was marginally down 0.01 per cent to 102.50
Best Agrolife – Think Big, Think Best! (07-10-2024)
Also to mention, acquiring already owned companies on paper for massive valuations to fool investors. Big avoid.
NBCC shares jump 6% as stock trades on ex-bonus basis today (07-10-2024)
NBCC Share Price: Shares of NBCC (India) surged 6.25% on BSE as the stock trades ex-bonus for the 1:2 bonus issue. The company fixed October 7 as the record date, making shareholders listed by today eligible for bonus shares. In the last year, NBCC stock has gained 186%.
NBCC shares jump 6% as stock trades on ex-bonus basis today (07-10-2024)
NBCC Share Price: Shares of NBCC (India) surged 6.25% on BSE as the stock trades ex-bonus for the 1:2 bonus issue. The company fixed October 7 as the record date, making shareholders listed by today eligible for bonus shares. In the last year, NBCC stock has gained 186%.
Godrej Properties shares surge 3% on Q2 biz update; Nuvama upgrades to Buy (07-10-2024)
The upward movement followed the company’s announcement that it achieved its highest-ever Q2 and H1 performance across several key operational parameters
Share price of Indian Hotels rises as Nifty strengthens (07-10-2024)
A total of 30,986 shares changed hands on the counter till 10:25AM (IST).
Share price of Indian Hotels rises as Nifty strengthens (07-10-2024)
A total of 30,986 shares changed hands on the counter till 10:25AM (IST).