MUMBAI: The Adani group is back in fire-fighting mode after media reports called into question the Indian conglomerate’s ability to repay debt, reviving a selloff in its stock.Adani units slumped Tuesday after The Economic Times said the group is seeking to renegotiate the terms of $4 billion worth of loans, citing people it didn’t identify.The…
After the company’s announcement of a share buyback programme totaling 200 crores in February 2023, shares of are now trading ex-buyback as of this Wednesday. The Symphony Ltd. board of directors set March 29, 2023, as the record date for the share buyback. At the start of the trading session, the stock was down more…
Due to rising raw material costs and a market inventory build-up, the Indian agrochemicals sector has had a challenging FY23 thus far. These variables had a negative impact on margins and sales growth, especially in the December quarter (Q3FY23). For the majority of businesses, volume growth remained subdued while revenue growth was mostly driven by…
MUMBAI: The 10 firms that make up the Adani Group all closed the day in the red due to the day’s heavy selling of its stocks. The decline was primarily caused by reports that pension fund subscribers are also suffering losses as a result of fund managers’ exposure to Adani Enterprises and Adani Ports &…
Except for a brief period of reversal from the final week of September 2022 to the end of November 2022, Infosys stock has been on a downward trend for the past year. Today’s opening gap on the upside continued as the price of Infosys shares dropped to an intraday low of Rs. 1,382.90 a share,…
The lot size and expiry day of monthly, weekly, and long-dated futures and options contracts have been adjusted by stock exchange BSE in an effort to increase derivative trading in the Sensex and Bankex indices. According to a statement from BSE, this will take effect on May 15 of this year. The lot size for…
In the first hour of trading on Tuesday, shares of Kalyan Jewellers India fell more than 10% to 105 rupees a share amid block deals rumours of a sizable trade involving 2.74% of the company’s stock. In the previous five trading sessions, the stock has dropped more than 8%. According to a report from CNBC-TV18,…
When asked, “Beta mann me dusra laddoo phoota?” (To feel ecstatic joy). This is a well-known phrase from the marketing for the Mondelez-owned Cadbury Dairymilk Shots. The saying “Man mein laddoo phootna” refers to being overjoyed following an event. The company advertised two chocolate balls each packet, therefore the ad creators turned the proverb on…
As the ride-hailing company struggles to compete with larger rival Uber, Lyft Inc. announced on Monday that its founders Logan Green and John Zimmer would step down as CEO and president, respectively. Instead, board member David Risher will assume those positions.Risher, a former Amazon and Microsoft employee, managed non-profit Worldreader for almost a decade until…
Nestlé India is a large-cap company and a giant in the FMCG industry, with a market value of 182,138 Cr. The largest and leading corporation in the world is Nestlé. Now, the company employs over 275,000 people, has over 2,000 brands, and operates in 188 different countries. “This is to inform you that declaration of…
