Reliance Industries: The National Company Law Tribunal has approved the demerger of Reliance Industries's financial services undertaking into Reliance Strategic Investments, to be renamed Jio Financial Services. Reliance Industries and Reliance Strategic Investments will take the necessary steps, including fixing the record date for allotment and listing of equity shares of Reliance Strategic Inve
Dabur Q1 Update: Dabur’s consolidated business is expected to register growth of over 10%. The healthcare business in India is expected to achieve double-digit growth backed by mid-single-digit volume growth. The home care category is expected to report value growth in the high teens. The oral and hair care categories’ growth is pegged at low double digits. The food and beverage business had
Titan Company Q1 Update (Year-On-Year) Standalone revenue grew by 20%, led by robust demand. Jewellery sales rose 21%, with 18 new stores added in Q1. Watches and Wearables grew 13%, driven by premium brands. The eyecare division saw sales growth of 10%, with seven new stores added. CaratLane grew 32%, driven by healthy contributions from Akshaya Tritiya sales. Titan's total store count stoo
Tata Steel Q1 Update (Year-On-Year): Tata Steel India's crude steel production grew 2% to 5.01 million tonnes. Delivery volumes increased 18% to 4.8 million tonnes. Exports moderated on a year-on-year basis to 0.25 million tonnes.
Sobha Q1 Update (Year-On-Year) The company achieved its highest ever quarterly sale value of Rs 1,465 crore, logging a growth rate of 27.9%. It clocked its highest ever price realisation of Rs 10,506 per square foot on a total saleable area of 13.94 lakh square feet. Clocked total sales volume is 13.0 lakh square feet, with a growth rate of 2.6%. Released inventory of 779,876 square feet in ou
Indian Hotels: The company signed 11 hotels in the first quarter and opened five new hotels across destinations
JK Cement: The company has acquired an additional 20% stake for Rs 60.24 crore in Acro Paints, taking its overall holding to 80%.
Indian Oil and Praj Industries: The companies have signed a term sheet to strengthen biofuel production capacities in India. The joint venture will include the production of sustainable aviation fuel, ethanol, compressed biogas, biodiesel, and Bio-bitumen. In October 2021, the companies inked an agreement to form a JV for this.
Affle (India): The company’s unit in Singapore agreed to acquire the remaining 5% shares of Appnext at a consideration of $1.5 million in tranches within three years.
Aster DM Healthcare: The company has acquired an additional 2.36% stake in unit Malabar Institute of Medical Sciences from several minority shareholders, thus increasing its holding from 76.01% to 78.37%.
CEAT’s Market Capitalisation crosses Rs 10,000 cr for the first time
Nippon India Mutual Fund limits subscription of units in small cap fund
IOC & Praj Industries to form joint venture (JV) for building Biofuels production capacities in India
Aster DM Healthcare: Acquired Additional 2.36% Stake In Malabar Institute Of Medical Sciences || Cost Of Acquisition At 235.9m Rupees
Shyam Metalics And Energy: Says Sponge Iron June Average Realisation Per Tonne Down 10.2% || Says Long Steel June Average Realisation Per Tonne Down 6.5% (YoY)
Gallantt Ispat: Has Invested Around 3b Rupees In Pellet Plant
Universal Cable: to Invest Rs. 40 Crores in Expanding EHV Power Cable Manufacturing Capacity by 50%
Zee Entertainment: NCLT Adjourns Zee-Sony Merger Matter Till July 10
Tata Motors: Says Tata Tiago Surpasses 5 Lakh Unit Sales Milestone In India
Kotyark Industries: and Yamuna Bio Energy Secure Major Biodiesel Contracts Worth Rupees 178 Crores from Top Fuel Companies
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