In a significant development, Kirloskar Industries Limited (KIL) has emerged victorious in a legal battle against Kirloskar Brothers Limited (KBL). The National Company Law Tribunal (NCLT) issued a landmark order on May 21, 2024, upholding KIL’s claims of mismanagement and lack of transparency within KBL. Tribunal Findings Mismanagement and Lack of Transparency: The NCLT confirmed …
In the past few weeks, Zee Entertainment Enterprises Limited (ZEEL) has been focused on restructuring its business, reducing costs, and enhancing its EBITDA margins. However, a significant development has come up in its deal with Sony Pictures Networks India. Following Sony’s decision to abandon a proposed $10 billion merger, Zee, led by Punit Goenka, has …
The benchmark index S&P BSE 500 opened today at 33,929.64 and made its day high at 34,019.82, and it is trading in green today, up by more than 0.10%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Vodafone Idea Ltd …
Domestic indices, reflecting the weakness in most global markets, struggled to gain positive momentum and traded lower, impacted by losses in the information technology, FMCG, and auto sectors. In contrast, the BSE Small-cap Index demonstrated optimistic investor sentiment. At 10:30 am, the BSE Sensex declined 0.12% reaching a level of 75,326. The Nifty 50 index …
On Friday, the benchmark indices were trading in red with the Sensex down around 125 points or 0.16% at 75,305, while the Nifty-50 was down around 36 points or 0.16% at 22,932. About 1,665 shares have advanced; 1,424 declined and 125 are unchanged on the BSE. Top gainers and losers on the BSE Sensex index: …
On Thursday, the Nifty index opened above 22600 and, despite some initial volatility, gained impressive strength as the day went on. The index approached the significant 23000 mark before closing at 22968, up by 370 points or 1.64%. Bulls Take Charge on Dalal Street The bulls made a strong comeback on Dalal Street, with benchmark …
On May 23, 2024, the Nifty 50 rose 1.64% and closed at 22,967, and the Sensex increased 1.61%, closing at 75,418. Top Gainers and Losers On the sectoral front, Nifty Auto, Nifty Bank, Nifty Private Bank, and Nifty Financial Services ended in the green. Meanwhile, Nifty Healthcare, Nifty MidSmall Healthcare and Nifty Pharma were declining. …
On May 23, 2024, Page Industries Limited announced its financial results for the Q4 and annual year ended March 31, 2024. In Q4 FY 2024, the company reported a 38.1% increase in Profit After Tax (PAT). Financial Performance in Q4 FY 2024 In the quarter ended March 2024, the sales volume increased 6.1% year over …
Allcargo Logistics Limited, a leading integrated logistics solutions provider in India, announced the successful completion of the acquisition of Fair Trade GmbH, a German freight forwarding company. This strategic move strengthens Allcargo’s presence in the European market, particularly within the key German logistics landscape. Acquisition Finalized, Full Ownership Secured On May 21, 2024, Allcargo Logistics’ …
Narrowing Urban-Rural Growth Gap The gap between urban and rural growth in India is gradually narrowing. Fast-Moving Consumer Goods (FMCG) players are witnessing a divergence in growth rates between premium and mass segments, with premium products growing stronger. Key commodity prices such as wheat, milk, sugar, and tea have seen quarter-on-quarter (QoQ) moderation, while coffee …
