Reports Financial News

By Joanna Plucinska and Rajesh Kumar Singh

Ambuja Cements Ltd. fell 0.11 per cent to Rs 587.05 in Thursday's session as of 12:02PM (IST) even as the equity benchmark Sensex traded 273.35 points lower at 72349.74. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 596.5 and a 52-week low of Rs 324.3 on NSE. Around 25144 shares changed hands on the counter till 12:02PM (IST).

Crompton Greaves Consumer Electricals Ltd. rose 0.49 per cent to Rs 291.8 in Thursday's trade. It hit an intraday high of Rs 293.5 and low of Rs 288.6, respectively, during the day. The stock quoted a 52-week high price of Rs 327.8 and low of Rs 251.25.

Grasim Industries, the flagship company of the Aditya Birla Group, has made its foray into the paint business with the launch of their highly anticipated brand, Birla Opus. This move intensifies competition in the decorative paints sector, currently dominated by major players like Asian Paints and Berger. The Mumbai-headquartered group aims to become a profitable No. 2 player in the coming years. «The launch of our paints business mirrors our zest for innovation. The booming construction sector is a major reason for this venture,» said Chairman Kumar Mangalam Birla at the launch event.

Adani Power Ltd. traded 1.76 per cent up at Rs 550.95 at around 12:12PM (IST) on Thursday. The stock had closed at Rs 541.4 in the previous session. Equity benchmark Sensex traded 241.37 points lower at 72381.72 around the same time.

By Arsheeya Bajwa and Max A. Cherney

By Lewis Krauskopf and Noel Randewich

Mint in August last year, chairman and managing director (CMD) Rahul Munjal said that Hero Futures Energies will look at several options to raise funds over the next two-three years, including the launch of an IPO. He had added that the company will plan new fundraises, including private investments and accessing public markets. London-headquartered Hero Future Energies has a 3 gigawatt (GW) operational and under-construction portfolio across India, Ukraine and Vietnam, and an additional 2 GW pipeline.

Byju Raveendran, the founder and CEO of Byju's, the Economic Times reported citing sources. The move is aimed at preventing Raveendran from leaving the country, and the central agency approached BOI earlier this month for the issuance of a fresh LOC. It comes as the agency's Bengaluru office is currently investigating alleged Foreign Exchange Management Act (FEMA) violations against the start-up and its founder, the report said.

₹99 on ‘Cinema Lovers Day’ which coincides with its release date, along with the promotion from PM Modi, could boost its Box Office collection on Day 1. Moreover, advance bookings indicate promising numbers as the film’s early booking figures have even surpassed those of many Akshay Kumar films like “Mission Ranigunj" and “Selfiee".

GAIL (India) Ltd. gained 0.3 per cent to Rs 180.9 in Thursday's trade as of 11:21AM (IST). The stock hit a high price of Rs 182.0 and low of Rs 177.7 during the session.

Eicher Motors Ltd.(up 1.65 per cent), Balkrishna Industries Ltd.(up 0.6 per cent), TVS Motor Company Ltd.(up 0.35 per cent), Bajaj Auto Ltd.(up 0.23 per cent) and MRF Ltd.(up 0.07 per cent) were among the top gainers.

HCL Technologies Ltd.(up 1.7 per cent), MphasiS Ltd.(up 0.91 per cent), Wipro Ltd.(up 0.59 per cent), Tech Mahindra Ltd.(up 0.58 per cent) and Tata Consultancy Services Ltd.(up 0.52 per cent) were among the top gainers.

Competition Commission of India (CCI) has notified regulations governing the so-called lesser-penalty plus or, more commonly, the leniency-plus regime, which would allow companies that are under probe for cartelisation to report other cartels and get their own penalties reduced. The regulations followed a notification by the Ministry of Corporate Affairs (MCA) that said the regime would come into force on February 20. This regime was proposed in the Competition (Amendment) Act 2023, modifying an earlier framework. According to the new regulations, the anti-trust regulator can reduce penalty by up to an additional 30% for a company for being part of the first cartel, besides trimming it by up to 100% for its involvement in the newly-disclosed cartel, said analysts.

Car insurance is crucial for car owners, providing financial protection against unexpected accidents. However, the process of claiming can be tricky, and having your claim rejected can be stressful. Many reasons can lead to rejection, but with proper understanding and precautions, you can reduce the risk of facing this situation.

Nifty ruled at 21899.25, down 155.8 points. The scrip had closed at Rs 926.35 in the previous session. The stock quoted a 52-week low of Rs 557.15 and a high of Rs 1049.75. The company quoted a market-cap of Rs 74420.0 crore on the BSE.

Hindu Business Line, based on the data by PrivateCircle Research, around 44 startups have been founded by former Flipkart employees (popularly known as 'Flipkart Mafia or Flipsters), having a cumulative valuation of $25 billion. According to the English Business Daily, of the 44 startups, more than a third (15) of them are e-commerce only. The list includes Udaan, Spinny, and RentoMojo.

President Vladimir Putin a “crazy SOB" and took aim at former President Donald Trump's comments comparing himself to the Russian opposition leader who died last week in an Arctic prison. Biden was talking about climate change when he said, “We have a crazy SOB like Putin and others, and we always have to worry about nuclear conflict, but the existential threat to humanity is climate." Speaking to donors at a private San Francisco home Wednesday as part of a three-day California swing to raise money for his 2024 reelection campaign, Biden also said he was astounded by recent comments made by his likely Republican challenger.

Anant Ambani and Radhika Merchant as pre-wedding festivities will take place in Jamnagar, Gujarat from March 1 to March 3. The functions are expected to take place in a traditional yet grand way.

PM Kisan website. The website confirms that the date for the release of the scheme's 16th instalment is set for February 28. Beneficiaries under PM Kisan receive an annual cash benefit of ₹6,000, distributed in three instalments of ₹2,000 each.

₹445.15 as against previous close of ₹442.15 apiece on the BSE and gained as much as 1.71% to an intraday high of ₹450.00. Brokerage firm Anand Rathi has named Shilpa Medicare as its pick of the month and expects an upside of over 19% in the stock. “Shilpa Medicare on weekly chart is showing high volume breakout.