BUSINESS
ICICI Pru Life loaded up on Infosys in March, SBI Life added RIL
Apart from Infosys, ICICI Pru Life's prominent additions were Sona BLW Precision (Rs 200 crore) and Bajaj Finance (Rs 182 crore).
BUSINESS
Why state government budgets are reinforcing Jefferies' conviction on FMCG makers
Concerns abound about the impact of the El Nino weather phenomenon on rural incomes and consumption has turned many fund managers wary of consumer packaged goods makers
BUSINESS
Kotak Mahindra Bank may weigh heavier on MSCI as foreign holding dips to 41.22%
Kotak Bank's foreign room is 22.38 percent. With the fall in foreign investors' shareholding in the March quarter, the room has increased to 25.05 percent
BUSINESS
Titan remains preferred discretionary ‘buy’ after a glittering Q4 update
Titan's jewellery business grew 23 percent on-year, with 31 new stores being added during the quarter
BUSINESS
Why paper stocks are laggards on the bourses despite robust demand and firm pricing
While global Inflation kept the demand for paper down, pulp prices are expected to ease with new pulping capacities being added in Brazil, Uruguay and China. In India, imports are now cheaper as cost of production at Indian companies remains unchanged
BUSINESS
FMCG shows no sign of recovery in rural demand, muted volume growth on cards in Q4
Hindustan Unilever, Britannia, ITC and Godrej Consumer Products are set to outperform FMCG peers, analysts say
BUSINESS
TTK Healthcare proposes delisting, 2 weeks after Sunil Singhania’s stake purchase
Currently, promoters hold 75 percent in the company and public shareholders hold 25 percent
BUSINESS
Indigo Paints gains on waterproofing business foray; to compete with Pidilite, Asian Paints
Indigo Paints has bought about 45,000 shares of Apple Chemie India Private Ltd for Rs 6,529 per share
BUSINESS
Daily Voice | This fund manager is overweight on autos with EV capabilities, and underweight on FMCG
Mayur Patel, who manages IIFL Focused Equity Fund, with AUM of about Rs 3,400 crore, expects a bit of correction from here on, but believes this will create a very attractive base for a two-three-year medium-term outlook
BUSINESS
No spring in the step: Street cautiously optimistic about Bata India while LIC ups stake
The company has been spending on building the brand and adding new stores. However, these initiatives are taking time to deliver in a tough macro and competitive environment
BUSINESS
Can Nifty sustain the rally in April and set a positive tone for FY24?
Q4 earnings, the interest rate hike trajectory and foreign institutional investors hold the key to the Nifty’s returns in the first month of FY24
BUSINESS
Nestle gains on buzz of Ching's joining its noodle basket, analysts warn of ‘expensive deal’
The addition of the iconic Ching's brand to Maggi-maker Nestle India's basket will be a further boost to its market leadership, believe analysts but some have valuation concerns.
BUSINESS
Vedanta's total dividend outgo for FY23 stands 1.5 times the FY22 net profit
Vedanta Resources, Anil Agarwal-led holding company, has about $7.7 billion of net debt burden. In March, Moody's downgraded Vedanta Resources' rating, on the back of increasing refinancing risks
BUSINESS
South Indian Bank investors fear roadblock in Vision 2025 program as MD refuses re-appointment
The bank's Vision 2025 program entails crossing 13 percent in return on equity (RoE) and 1 percent return on assets (RoA)
BUSINESS
Analysts bullish on Godrej Consumer Products but pre-COVID EBITDA margin still some time away
GCPL has increased its advertising and promotional expenses by 28 percent year-on-year, which is restricting its EBITDA margin expansion
BUSINESS
Block deal steals the shine off Kalyan Jewellers, but analysts see glitters
As per Bloomberg, the company has 6 buy calls, zero hold and zero sell calls. The 12-month consensus target price on the stock is Rs 156.50
BUSINESS
Crompton-Butterfly merger: Cost synergies will not flow to bottom line immediately
The management expects the mandatory National Company Law Tribunal (NCLT) approval by Q4FY24, following which additional shares of Crompton will list and trade
BUSINESS
Crompton, Butterfly Gandhimathi to merge, expect NCLT approval by Q4 FY24
The merger will enable faster execution of the company's go-to-market strategy and enable a greater focus on product innovation, , Crompton managing director Shantanu Khosla has said
BUSINESS
MC Exclusive | Promoters of SecureKloud Tech arrested in money laundering case
In January 2021, 8K Miles rebranded itself as SecureKloud Technologies Ltd. 8K Miles was always in the limelight for the wrong reasons.
BUSINESS
MC Long View: Can Vedant Fashions truly be the next Titan?
From the sales growth of both companies vis-à-vis the competition, it’s evident that while Titan is holding its ground, Vedant has started to concede market share
BUSINESS
STT on sale of options to be hiked by 25%, Finance Ministry clarifies
All stock market transactions that involve equity or equity derivatives such as futures and options are liable under STT, as are mutual fund transactions
BUSINESS
F&O trading: Govt's STT hike leaves traders confused
STT on the sale of options has been hiked to Rs 2,100 on a turnover of Rs 1 crore against an earlier levy of Rs 1,700
BUSINESS
'Do Not Exercise' discontinued: Option buyers' right now becomes an obligation, say experts
'Do Not Exercise' facility, that was re-introduced in 2022, allowed a trader to instruct the broker if he/she does not wish to exercise the right to give or receive deliveries
BUSINESS
Sula Vineyards raises a toast to 44% upside by CLSA. Check out the details here
CLSA notes that Sula has a strong backend capability and a pan-India distribution network, making it India's market leader in wines with over 52 percent market share
