PPL Financial News

Subscribe to enjoy similar stories. Ajay Piramal, head of the eponymous $10-billion pharma-to-financial services conglomerate, said for a succession plan to succeed, the control of businesses should be passed on to the children only if they are passionate about it. Piramal, 69, chairman of the Piramal group, was discussing the group’s business succession plan with his daughter Nandini Piramal, chairman, Piramal Pharma Ltd, in the Mint India Investment Summit in Mumbai on Friday.

Elvish Yadav can’t quite keep himself (or rather his hands) away from pulling in the punches! The YouTuber has been involved in quite a few slap gates recently — he has hit headlines for slapping quite a few people! The controversial YouTuber landed in trouble as Sagar Thakur, a fellow YouTuber accused him of slapping him in Gurugram. Thakur, also known by the name ‘Maxtern’ took to X (formerly known as Twitter) on March 7 and uploaded a video of himself looking distraught and revealed that the ‘Bigg Boss’ contestant had ganged up on him and slapped him a few times. He also said he would share a video of himself getting attacked by Yadav and his cronies. “8-10 Elvish’s man vs Maxtern! Video shubhah daalta kya ladaee hui h!” The video went viral, gaining 1.8 million views and over 22K likes. While many netizens were skeptical over the veracity of the video, some praised him for standing up to Yadav.

EKA Mobility has formed a strategic partnership with Japan’s Mitsui & Company and Netherlands-based VDL Groep to manufacture electric buses and light commercial vehicles in the country. As per the agreement, Mitsui and VDL together will invest $100 million (approx Rs 830 crore) in EKA Mobility for ‘significant’ minority stakes. The resources will be utilized to scale up research and development and enhance manufacturing capacity. EKA Mobility, which commissioned a production unit in Pune earlier this year, plans to scale up production capacity to roll out 5000 electric buses and 6000 light commercial vehicles per annum in the first phase.

Mileen Vasudeo, Senior Technical Research Analyst, Arihant Capital Markets, says “one recommendation is from the pharma pack itself. It is a buy on AstraZeneca, which is currently trading at Rs 1,570; strong consolidation breakout with huge volumes. Now if you keep a stop loss of Rs 1,450, on the higher side, we expect the stock to test Rs 1,810-1.920 levels. The second stock is Craftman Limited, currently trading at somewhere around Rs 5,480 or 5,490. Keep a stop loss of Rs 5,350 on the higher side as it can test the levels of Rs 5,790 and 6,000 in a couple of weeks’ time.” How does the trade look like on the Nifty and Bank Nifty after flushing out a lot of stop losses day before, people coming back yesterday? Mileen Vasudeo: The day before yesterday, we had a good fall in Nifty which flushed out many people over here. But then again if you see there was a strong support at lower levels and again we have bounced back. So our view is that unless and until the index that is Nifty does not breach 20,850 which was last week’s low, there is a fair chance Nifty is likely to head higher to test the levels of 21,500 to 21,800 levels.

₹1,000 crore over the next 18 months towards consolidating, building operational excellence, and growth through expansions, chairperson Nandini Piramal told Mint in an interview. “For the second half of the fiscal year, the company plans to deploy around ₹330 crore, focusing on revenue gain, operational excellence, and making the added brownfield capacities more productive," Piramal added. “And then probably on similar lines, ₹660 crore for the full fiscal year.