BN Rathi Securities record date for 1:1 bonus issue, 1:2 stock split tomorrow
BN Rathi Securities’ shares may see heightened attention as January 23 is the last day to buy the stock to qualify for a 1:1 bonus share issue and a 1:2 stock split. Both corporate actions have January 24 as the record date, making shareholders eligible for one additional share per share owned and splitting each […]
Q3 results today: Ultratech, Adani Green among 59 companies to announce earnings on Thursday
Around 59 companies are set to announce their third quarter results on Thursday, including key players like Ultratech Cement, Adani Green, Dr Reddy’s, Mankind Pharma, and HPCL. Ultratech Cement might see a slight revenue increase but a dip in profitability, while Dr Reddy’s is expected to show double-digit growth in earnings and revenue.
Asian stocks open mixed after Wall Street rally
Investors in Asia are still digesting the impact of US President Donald Trump’s first few days in office, which have sent mixed signals to investors. Trump has reiterated a tariff threat against China but have largely spared the world’s second-largest economy from a feared escalation of the trade war.
Tatas weigh options amid IPO call from Shapoorji Pallonji Group
Tata Sons is exploring various scenarios to address the pressure from the Shapoorji Pallonji Group for a possible share sale. Options include a public listing, stake sale, or buyout of the minority stake. However, these outcomes are not expected immediately due to stakeholder disagreements and strained relations.
FPIs still sour on financial services, sell Rs 12,000 crore of stocks
So far in January, foreign investors sold shares worth ₹62,102.25 crore. This comes after the sell off worth ₹1.20 lakh crore in 2024.
Vedanta plans Rs 4,000-crore NCD issue to service debt payments
The holding company, Vedanta Resources (VRL), which holds a 56.3% stake in India-listed Vedanta, relies on dividends from its operating subsidiaries to meet its repayment obligations. Vedanta pays annual brand fees, of 2-3% of turnover and is projected at around $300 million, to parent VRL, helping it in servicing its debt obligations.
Shareholders of Gokaldas Exports vote against ESOP resolutions
Although 63% of participating shareholders supported the resolutions, 37% voted against them. As these were special resolutions, they required at least three times more votes in favour than against to pass, which was not achieved.
Trademark Row: Kirloskar Brothers gets interim relief
The Pune District Court grants interim relief to Sanjay Kirloskar-led Kirloskar Brothers Limited, restraining Kirloskar Proprietary from using the ‘Kirloskar’ trademark. The court rules that the agreements are integral to the family settlement and cannot be terminated arbitrarily, a crucial point in the familial dispute.
Subdued consumption to weigh on HUL despite rural pickup
While urban demand continued to remain subdued, rural demand sustained its gradual recovery. Downtrading took place with small packs growing ahead of large packs. HUL’s home care segment posted high single-digit volume growth, while the beauty and wellbeing segment posted a low-single-digit volume decline and the personal care and foods segments each posted a mid-single-digit […]
Rs 80,000 gold goes where it has never gone before
The metal closed at ₹80,194 per 10 gms for 24-carat in the physical market, data from the India Bullion and Jewellers Association (IBJA) showed.