Reports Financial News
18.04 / 10:06
18.04 / 10:01
markets
IPO
Enterprise
trends
reports
stake
Tata Group in talks with Fabindia promoters for stake acquisition, says report
Fabindia for a potential stake acquisition or outright purchase of the ethnic apparel business, the Hindu BusinessLine reported citing sources. The ongoing talks suggest that the acquisition may value Fabindia at an amount lower than the $2.5 billion initially estimated during the clothing company's failed initial public offering (IPO), the report added. Should the deal materialize, it could mark a significant move within the sector, potentially becoming one of the largest transactions following Aditya Birla Fashion Retail's acquisition of a controlling interest in TCNS Clothing last year.
18.04 / 08:35
UPS
Booking
Enterprise
community
show
reports
Adani bull GQG spends another billion dollars on 6 stocks
GQG Partners was net buyers in 6 stocks of Adani Group and is believed to have spent around $1 billion on the conglomerate in March. The latest shareholding pattern shows that GQG's ownership rose 202 basis points (bps) from 2.51% in December to 4.53% in the March quarter. In the case of Adani Power, the FII's stake rose from 1.33% to 5.2% sequentially.
18.04 / 08:35
18.04 / 08:35
markets
UPS
Entertainment
Enterprise
Trade
reports
Share price of Zee Ent. falls as Nifty weakens
Zee Entertainment Enterprises Ltd. slipped 0.88 per cent to Rs 146.4 in Thursday's trade as of 01:49PM (IST). The stock hit a high price of Rs 149.5 and low of Rs 146.15 during the session.
18.04 / 08:29
markets
UPS
security
trends
Trade
reports
Share price of Page Industries falls as Nifty weakens
Page Industries Ltd. slipped 0.74 per cent to Rs 35431.5 in Thursday's trade as of 01:44PM (IST). The stock hit a high price of Rs 35731.5 and low of Rs 35200.0 during the session. The return on equity (ROE) for the stock stood at 41.66 per cent. Traded volume on the counter stood at 01:44PM shares and turnover at Rs 1.3 crore around that time. The stock of Page Industries Ltd. quoted a 52-week high price of Rs 43599.0 and 52-week low prices of Rs 33100.0, respectively.
18.04 / 08:29
markets
Target
security
wellness
trends
Cycling
reports
ICICI Lombard shares jump 5% after Q4 beat. Should you buy, sell or hold?
ICICI Lombard shares rose 5% to Rs 1736 on Thursday after the company reported a nearly 19% year-on-year (YoY) growth in PAT at Rs 520 crore in the quarter ended March as compared to Rs 437 crore in Q4FY23. The company reported a gross direct premium income (GDPI) of Rs 224,770 crore in FY24 compared to nearly Rs 2,100 crore in FY23, a growth of 17.8%, which was higher than the industry growth of 12.8%.
18.04 / 08:01
markets
Citi
IPO
Platform
reports
Schools
ESG consulting startup Uniqus raises $10 million in funding led by Nexus VP
Uniqus Consultech, a tech-enabled global platform that offers ESG and accounting & reporting consulting, raised $10 million in Series B funding led by Nexus Venture Partners, with participation from Sorin Investments. Within a year of launch, the firm has expanded to eight cities in the US, India, and the Middle East, with over 350 professionals led by 40 partners and directors.
18.04 / 08:01
markets
UPS
security
trends
Trade
reports
Share price of Marico rises as Nifty strengthens
Marico Ltd. gained 1.05 per cent to Rs 513.45 in Thursday's trade as of 01:18PM (IST). The stock hit a high price of Rs 515.6 and low of Rs 495.25 during the session. The return on equity (ROE) for the stock stood at 34.66 per cent. Traded volume on the counter stood at 01:18PM shares and turnover at Rs 2.15 crore around that time. The stock of Marico Ltd. quoted a 52-week high price of Rs 595.0 and 52-week low prices of Rs 462.95, respectively.
18.04 / 08:01
markets
Provident
Action
Food
Nestle
reports
Investigations
Nestle may face strict action by Indian food regulator if found guilty in sugar controversy
FSSAI) on Thursday took cognisance of Nestle's Cerelac sugar case, reported ET NOW citing sources. The regulator said that if found guilty, strict actions will be taken against the brand. A committee will be examining the matter, said FSSAI, as per ET NOW sources. Nestle sugar controversy Nestle adds sugar to infant milk sold in less affluent nations including India but not in its primary markets like Europe or the UK, reported ToI. The revelation came to light when «Public Eye,» a Swiss investigative organization, and IBFAN (International Baby Food Action Network) dispatched samples of the company's baby food items marketed in Asia, Africa, and Latin America to a Belgian laboratory for examination.
18.04 / 07:37
markets
Manufacturing
CEO
Apple
NVIDIA
Research
reports
TSMC beats first-quarter revenue and profit expectations on strong AI chip demand
Taiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the first quarter, thanks to continued strong demand for advanced chips, particularly those used in AI applications.
18.04 / 07:15
Waters
Highways
country
cover
reports
International
Dubai airport says flood recovery ‘will take some time’ after record rain
heaviest rain ever recorded there after a deluge flooded out Dubai International Airport, disrupting flights through the world’s busiest airfield for international travel.The state-run WAM news agency called the rain Tuesday “a historic weather event” that surpassed “anything documented since the start of data collection in 1949.” That’s before the discovery of crude oil in this energy-rich nation then part of a British protectorate known as the Trucial States.Rain also fell in Bahrain, Oman, Qatar and Saudi Arabia. However, the rains were acute across the UAE.One reason may have been “cloud seeding,” in which small planes operated by the government fly through clouds burning special salt flares.
18.04 / 07:09
Target
Action
Remark
wellness
reports
Investigations
Ram Navami clashes: ‘NIA probe…’, Suvendu Adhikari blames Mamata Banerjee for Murshidabad incident
Ram Navami clashes that left four people injured in Murshidabad. He has written a letter to Governor Ananda Bose and sought the National Investigation Agency (NIA) probe into the violence. In a post on X (formerly Twitter), Adhikari wrote, “The Ram Navami Processions were disrupted and attacked at various places across the State of West Bengal, due to the CM's provocative speech…their hands have been tied due to CM's public stance on Ram Navami; a day, which according to her, “Is a day for Rioting"." “I have written a letter to the Hon'ble Governor; Dr.
18.04 / 07:09
markets
Manufacturing
economy
students
show
reports
Headlines
China reports steady youth unemployment as data paints mixed economic picture
China’s youth unemployment rate remained steady in March, in what could be seen by some as a tentative sign that the world’s second-largest economy is gradually stabilizing. The jobless rate among China’s 16- to 24-year-olds—excluding those enrolled in school—stayed at 15.3% last month, the same as in February, according to data from the National Bureau of Statistics on Thursday. That is broadly in line with figures earlier this week showing that overall headline unemployment stood at 5.2% in March, ticking down from the prior month’s 5.3%.
18.04 / 07:09
markets
COST
Manufacturing
WhatsApp
KPI
reports
ASK Automotive share price surges 20% in one month. Will rally in this auto ancillary stock continue?
₹375, implying 23% upside. The brokerage highlighted that, despite the company's late entry, it has grown to become a significant player in the safety control cables (SCC) and aluminium light-weighting components (ALP) for the two-wheeler segment, where its market share is rising.
18.04 / 07:09
markets
UPS
Target
security
Indus
reports
recommendations
Telecos to benefit from likely tariff hikes, says IIFL Securities; upgrades Vodafone Idea, ups target on Bharti Airtel
₹18,000 crore from the primary market, which it intends to use for capacity expansion and payments of debt and other dues. Analysts believe Vodafone Idea FPO will also benefit Indus Towers from the telco’s improved financial position and subsequent rollouts, as well as potential reinstatement of dividend. Also Read: Vodafone Idea FPO opens today: Shares rise; GMP, price, other details. Should you apply? IIFL Securities upgraded its rating on Vodafone Idea shares to ‘Add’ with a target price of ₹14 per share and recommended subscribing to the Vodafone Idea FPO.
18.04 / 06:49
markets
UPS
country
reports
Oil prices tad up on anticipation of fresh US sanctions on Venezuela
NEW DELHI : Global crude oil prices edged marginally higher on Thursday, rebounding from a 3% drop the previous day, as concerns over demand and escalating tensions between Iran and Israel potentially impacting the oil market continue to trouble investors. As of 10:54 am, the June Brent contract on the Intercontinental Exchange was trading at $87.52 per barrel, a 0.26% increase from the previous close. Similarly, the May contract of West Texas Intermediate on NYMEX had risen by 0.17% to $82.83 per barrel.
18.04 / 06:45
Election
President
Olympics
reports
Courts
Sporting
wrestling
Ex-WFI chief Brij Bhushan Singh moves Delhi court seeking further probe in sexual harassment case
sexual harassment case. The BJP MP reached the Rouse Avenue Court in Delhi for the case hearing on Thursday morning and submitted the plea for further probe. The court reserved an order on Brij Bhushan's application for April 26.
18.04 / 06:45
markets
Waters
Food
Nestle
reports
Courts
International
Nestlé Controversies: From sugar in baby food to Maggi ban, we look at top 8 concerns in India and abroad
Nestlé hit headlines this week for the sugar content in its baby food sold in developing countries. Nestlé India was found to have included sugar and honey in infant milk and cereal products such as Cerelac, as per a Guardian report. Responding to the concerns, Nestlé India told Mint has reduced up to 30 percent of added sugars across its infant cereal range over the past five years.
18.04 / 06:45
UPS
Target
security
Sustainability
wellness
Trade
reports
Coal India vs NTPC: Which PSU stock should you pick for long-term investing?
Read here: Tata Motors vs M&M: Which auto major should you pick for the long term? Amidst this favorable landscape, let's compare Coal India (CIL) and NTPC to discern which PSU stock offers superior long-term investment prospects. Coal India as well as NTPC have underperformed benchmark Nifty PSE this year so far but CIL is the better performer between the two. CIL has risen over 20 percent in 2024 YTD while NTPC is up over 15 percent.
18.04 / 06:45
markets
UPS
FIVE
Food
Nestle
reports
Investigations
Nestle baby food concerns: 'Will investigate', Centre takes cognisance on sugar addition in infant food, says report
Business Today TV has reported citing a top government official. Nestlé came under the scanner for the sugar content in its baby food.
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