Emami Limited is a major mid-cap FMCG company with a market value of 15,424 Cr. Emami Limited is one of the top skin care and FMCG companies in India. Its brands include BoroPlus, Navratna, Fair and Handsome, Zandu Balm, Mentho Plus Balm, Quick Relief, and Kesh King. It sells skin care and health products in…
On Monday, big deals on NSE caused Trident, a leading textile fabric maker, to drop in price quickly. Through a block deal, Trident Limited Employees Welfare Trust sold more than 1.23 million equity shares in Trident, which added up to about 31.89 crore. These shares were bought on the open market by the promoter, the…
Schaeffler India is a large-cap company that works in the auto accessories business. Its market value is 43,704 Cr. Schaeffler has a big presence in India thanks to its well-known brands FAG, INA, and LuK. The company has four factories and 11 sales offices there. Over the next three years, the company plans to spend…
MUMBAI: According to the World Gold Council, a rise in gold prices to an all-time high in India is discouraging local purchasers ahead of what is typically a crucial demand period next month.Last Monday, the price of 10 grammes of gold in the second-largest consumer reached a record high of 60,455 rupees ($734). Due to…
MUMBAI: A month after two other Indian businesses abandoned their share sales, Indian skincare startup Mamaearth has postponed its initial public offering (IPO) due to sluggish market circumstances, according to two people with direct knowledge of the situation.Honasa Consumer Ltd., the parent company of Mamaearth, submitted its IPO filings in December with the intention of…
BENGALURU: In an effort to complete the sale despite falling tech valuations, Oyo Hotels is decreasing the number of shares it plans to offer via a public market debut by around two-thirds.Two people familiar with the situation who requested not to be identified because they were discussing internal concerns claimed that the once-high-flying company is…
In the early hours of Tuesday morning in Europe, GBP/USD has gained momentum after a subdued Asian session on Monday. On Monday, risk sentiment may assist the pair go higher, and technical buying pressure may increase until 1.2270 is confirmed as support. Following the policy meetings last week, market positioning indicates that there is a…
MUMBAI: According to two people familiar with the situation, Temasek Holdings, Warburg Pincus, and the Canada Pension Plan Investment Board (CPPIB) are eager to take part in the impending $100 million fundraising effort by Niva Bupa Health Insurance Ltd. The individuals listed above spoke on the condition of anonymity and stated that the True North-backed…
As two US lenders failed, Credit Suisse in Switzerland requested a government lifeline, and America’s top banks agreed to give a $30 billion rescue agreement – all in the space of 10 days – global banks are now facing their worst crisis since 2008.It is unclear if the US Federal Reserve, US Treasury, and the…
Recently, market narrative twists have become captivating. There has been a strong desire to respond. Most of the time, doing so was a mistake. It’s still early, and when financial hardship is present, things can change quickly. Although there have been predictions of a banking catastrophe, a credit-fomented recession, pivoting central banks, and stagflation, the…
