Edelweiss plans to sell up to 20% stake in subsidiary Edelweiss Alternative Asset Management
The company is looking to raise Rs 1,500-2,000 crore through the sale and will use the funds to pare debt and establish the market value of the business
Credo Brands eyes premium positioning of Mufti brand, sets IPO price band at Rs 266-280 per share
On December 13, the company fixed the price range of Rs 266-280 per share for its IPO, which is valued at Rs 550 crore
Live: Suraj Estate Developers' ₹400 Cr IPO to open on Dec 18 | IPO Watch
Suraj Estate Developers' initial public issue share sale will open for subscription on December 18 and conclude on December 20, 2023. The company's IPO is entirely a fresh issuance of equity shares worth ₹400 crore. The company plans to use the IPO proceeds towards repayment of debt. Catch Nickey Mirchandani in conversation with Mr. Rajan Thomas, CMD & Mr. Rahul Thomas, Director of Suraj Estate Developers'.
Narayana Murthy’s deepfake video viral | Original video from Moneycontrol conclave
AI's Deepfake is making the news with its realistic looking videos going viral on social media platforms. Starting from Prime Minister Narendra Modi to Bollywood celebrities everyone was targetted using the new technology. This time Infosys founder NR Narayana Murthy's deepfakes videos are floating on Facebook which show him talking about a project with Elon Musk. Watch to know more.
Coca-Cola bottling arm and Gujarat government seal Rs 3,000 crore investment deal
This investment is anticipated to establish a significant industrial presence, promoting substantial economic and social development in the area.
UltraTech Cement aims to use 85% green energy by 2030
The company said that it aims to meet its entire electricity requirement through renewable sources by 2050, as part of its RE100 commitment. Additionally, as a member of EP100, the company seeks to double its energy productivity.
ESAF small fin bank: The bank is set to ride the economic upcycle well | Stock Of The Day
Esaf SFB’s book dominated by Kerala and microfinance is gradually undergoing a change with geographical diversification and addition of other high yielding products. Strong macro should lower slippage to NPA and operating leverage should lower costs that stand to support RoA expansion.
SpiceJet board meet to consider fundraising and Q2FY24 results adjourned till Dec 12
This is not the first time that the airline has delayed the filing of its results. It had deferred the release of the financial results for Q1FY24 and Q4FY23 till August 14
IPO Watch: INOX India’s ₹1459 Cr IPO to open on Dec 14 | Price band fixed at ₹627-660/share
The initial public offering, which comprises only an offer-for-sale of 2.21 crore equity shares, will open for subscription on December 14, a day after launch of the public issues of Doms Industries and India Shelter Finance Corporation. The anchor book of the offer will open for a day on December 13, while the last day for subscription to the IPO will be December 18.
Cyient DLM | Accelerated growth faster than industry peers | Stock Of The Day
Cyient DLM is an aerospace, defense, and industrial-focused EMS business and benefits in the form of low competition from domestic peers and unmatched capabilities. It is expected to grow rapidly and above the industry growth rate on the back of transition in the Aerospace, and Defense sectors as well as benefitting from China+1, import substitution, and rising Indian demand themes.
Max Healthcare to acquire Lucknow's Sahara Hospital in Rs 940-crore deal
The hospital currently serves ~2 lakh patients every year and has a renowned centre of excellence for Neurosciences
Live - India's Dry Fruit Sector: Is It Crunchy Enough Yet? | Commodities Corner
The dry fruit market in India is experiencing impressive growth. The post-pandemic period has witnessed a surge in demand for healthy snacking options, leading to increased interest in the market. Catch Manisha Gupta as she gives us more details
Moneycontrol LIVE: Post monetary policy press conference by RBI Governor Shaktikanta Das
The RBI MPC has decided to keep the repo rate unchanged at 6.5 per cent. The MPC maintained the policy stance of 'withdrawal of accommodation' by the majority of 5 out of 6 members. The projected GDP for FY24 is projected upwards to 7%. RBI Governer Shaktikanta Das address presser post the announcements made on 8 December. Watch.
Galaxy surfactants | Strong volume growth in domestic business hard to miss | Stock Of The Day
Leading oleochemical company catering to personal and home care products. Gets 54 percent of sales from the MNC customers like P&G, Unilever and Colgate. Due to its end clients largely in the FMCG industry, it is seen as a defensive play in the chemicals sector.
SEBI Chief Madhabi Puri Buch attends the CII Global Economic Policy Sumit 2023
SEBI Chief Madhabi Puri Buch attends the CII Global Economic Policy Sumit 2023
Life insurance premium collections fall 25% in November
Life insurers have managed to collect a total premium of Rs 26494.83 crore in November and Rs 2,11,690.65 crore so far in FY24.
LIVE: FM Nimala Sitharaman at the CII global economic policy summit 2023
Finance Minister Nimala Sitharaman At The CII Global Economic Policy Sumit 2023
Hindalco Industries | Novelis & stable aluminium prices to aid earnings recovery | Stock Of The Day
Hindalco, Aditya Birla group company is the world’s largest aluminium company by revenues and a major player in copper serving more than half of India’s copper requirement. Hindalco operates across the value chain, from bauxite mining, alumina refining, coal mining, captive power plants and aluminium smelting to downstream rolling, extrusions, and foils. Along with its subsidiary Novelis, Hindalco is the global leader in flat rolled products and the world’s largest recycler of aluminium.
From Aloo Bhujia to French Fries, Bikaji's surprise success in Western snacks
While the company initially did not anticipate the western snacks segment to become a core category, the segment has demonstrated growth rates comparable to the ethnic segment.
Elections & GDP numbers power markets: Which sectors should you look at now? | Nilesh Shah Exclusive
Elections & GDP numbers power markets: Which sectors should you look at now? Catch N Mahalaxmi in a conversation with Nilesh Shah, MD, Kotak Mahindra AMC live on Moneycontrol
Hindustan Unilever appoints former revenue secretary Tarun Bajaj as an independent director
Beyond his roles in economic governance, Mr. Bajaj chaired the National Investment and Infrastructure Fund and served as a Director on the Central Board of the Reserve Bank of India and the Board of the Securities and Exchange Board of India (SEBI).
LIVE: India's Q2 GDP At 7.6% | Contributing Factors & Can It be Sustained?
Indian equity market has given the Q2 GDP print at 7.6% a big thumbs up. A factored-in exit poll outcome is what propelled the Nifty to touch new record highs. Are India's favourable macro cues screaming 'just like a wow'! And can this growth momentum be sustainable? Could doles of freebies disrupt India's fiscal math ahead of the general election? Moneycontrol's Shweta Punj speaks with Amit Malviya, In-Charge of BJP’s National Information & Technology Dept, Amitabh Dubey, Incharge of research & monitoring @AICC Media, D K Shrivastava,Chief policy advisor, EY, Vivek singh, Economist, QuantEco and Indra Shekhar Singh, Agri Policy Analyst in this special broadcast on Moneycontrol.com. Watch Now!
HUL makes leadership changes with focus on beauty and personal care, digital transformation
Effective April 1, 2024, the Beauty and Personal Care division will transition into dedicated Beauty & Wellbeing (B&W) and Personal Care (PC) businesses.
HUL to partner Brookfield for Green Energy to meet Net Zero commitment
The solar project will be developed at the site of Brookfield’s solar park, part of the Brookfield Global Transition Fund. The initiative will utilize group captive models for renewable energy procurement
