Samvardhana’s Japanese buy opens up new business
Samvardhana Motherson, a demerged subsidiary of Motherson Sumi, has acquired 81% stake in the four-wheeler business of Honda Motor’s subsidiary for nearly Rs 1,300 crore. The acquisition will enable SAMIL to make a foray into the high-growth segment of sunroofs in automobiles
Jindal Steel, TVS Motor, PNB among new large-cap stocks
In a list released by AMFI on Wednesday, companies such as FSN E-Commerce (Nykaa), JSW Energy, Tata Elxsi, Indus Towers, and Page Industries were downgraded from large-cap to mid-cap.
Almost all Fed officials favour future hikes
The minutes shed light on how tricky the decision was for policymakers to achieve. Even as they left rates unchanged, almost all officials said that additional increases would likely be appropriate, with most emphasizing that post-meeting communications would be essential to convey that message.