Sudarshan Chemical Industries announced the acquisition of Heubach Group for Rs 1,180 crore. Shares surged 20% on the news. Heubach Group is the world’s second-biggest pigment company.
Mutual funds reduced their exposure to several small-cap stocks in July, with Amara Raja Enterprises witnessing the highest net selling. Welspun Corporation, NBCC, IIFL Finance
Indian equities are likely to remain range-bound in the week of August 17–21, with elevated crude prices, global uncertainty and shifting US Fed expectations keeping
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