Biocon to absorb biologics unit, eyes Rs 4,500 cr fund raise to buy Viatris’s residual stake
“When we created Biocon Biologics as a separate entity, the objective was clearly to attract investments and build global scale in biosimilars. We did that successfully, even acquiring Viatris’ biosimilars business for $3 billion. But markets kept devaluing both Biocon and Biocon Biologics because of debt overhang and holding company discount. Folding Biologics back into Biocon unlocks true value and gives us a much stronger balance sheet,” Mazumdar-Shaw said.
Market climbs to fresh high amid volatility; rupee at record low
The Foreign Institutional Investors' (FIIs) extended their selling at they sold equities worth Rs 10403.62 crore, while Domestic Institutional Investors (DII) continued their buying as they bought equities worth Rs 19785.5 crore.
Evolve Your Trade: The missing step in most trading systems, says Shubham Agarwal
Buy call at the right entry point. If the call doesn't perform immediately but data remains positive, sell a call two strikes away from your position.
Wall Street closes with slight gains as data keeps Fed cut expectations on track
The Dow Jones Industrial Average rose 104.05 points, or 0.22%, to 47,954.99, the S&P 500 gained 13.28 points, or 0.19%, to 6,870.40 and the Nasdaq Composite gained 72.99 points, or 0.31%, to 23,578.13.
British American Tobacco affiliates offload 9% stake in ITC Hotels for Rs 3,856 crore, HCL Capital picks up 7% shares
As of September 2025, Myddleton Investment Company, and Tobacco Manufacturers India were holding 2.33 percent and 12.2 percent stake, respectively, in ITC Hotels.
JSW Steel shares rise 2% in two days: Brokerages remain bullish after firm's JV with Japan's JFE Steel
JSW Steel share price: JFE Steel on December 3 had announced that it will form 50:50 joint venture with JSW Steel for transfer of Bhushan Power & Steel integrated steel facility.
HCC shares fall 9% after adjusting to Rs 1,000-crore rights issue: What it means for shareholders
HCC share price: The rights issue will open on December 12, and will close on December 22.
Nifty Clocks Triple-Digit Gains After RBI Rate Cut But Logs Losses For The Week| Closing Bell Live
Share Market LIVE Today: India's stock benchmarks inched 0.6 percent higher on Friday, led by domestic rate-sensitive financials, after the Reserve Bank of India lowered the key interest rate by 25 basis points.
Join Nandita Khemka and Yatin Mota in conversation with Nilesh Jain, Head VP- Derivative and Technical Research, Centrum Broking Ltd and Ajay Bagga - Market Expert
CAMS shares adjust to 1:5 stock split: Here's why you should ignore the 80% plunge
CAMS stock split: CAMS had announced in October that its board of directors has considered and approved a stock split in the ratio of 1:5.
IT shares rise for 3rd day on rising US rate cut hopes; HCLTech, Mphasis lead gains
IT stocks: Federal Reserve is now expected to reduce its key interest rate by a quarter-percentage point during its FOMC meeting scheduled from December 9-10.
Astral confident of double-digit growth, sees margin boost from new CPVC plant
Hiranand Savlani, Executive Director and CFO at Astral, expressed confidence in achieving double-digit growth for the year, supported by a recent demand surge as PVC prices stabilise. Speaking to CNBC TV18, he confirmed the company is on track to meet its 16-18% margin guidance for this year.
US Fed set for slow easing, but expert warns new chair could trigger 15 percent market correction
Ed Clissold, Chief US Strategist at Ned Davis Research, anticipates a slow easing path for the US Fed but warns of potential market volatility from the Bank of Japan's policy and the historical 'testing' phase of a new Fed chair. He remains overweight on US tech, despite stretched valuations.
Experts pick 10 rate sensitive stocks as RBI slashes repo rate, revises FY26 GDP growth forecast upward
The rate cut and upward revision in economic growth forecast was on expected lines given the fall in CPI inflation and sharp growth in economic numbers in September 2025 quarter.
British American Tobacco sells 9% ITC Hotels stake for Rs 3,800 crore, retains 6.3% equity
Before the transaction, BAT was the second-largest shareholder in ITC Hotels, according to LSEG data.
Kenneth Andrade sees time correction stretching into 2026; backs metals, capex cycles, global-facing Indian firms
Kenneth Andrade, CIO of Old Bridge Mutual Fund, advises patience heading into 2026, viewing the current market as a time correction. He highlights capex-led growth and companies building international franchises as key investment themes. While bullish on select sectors like metals, pharma, and auto, which are at the end of their capex cycles, he remains cautious on the valuations of new-age technology firms.
IndiGo shares pares losses as DGCA allows partial relief on pilot duty rules
IndiGo share price: DGCA has withdrawn a rule than barred airlines from substituting weekly rest with leave, after IndiGo's massive flight cancellations.
Nomura sees IT sector growth improving but perception on AI remains a hurdle
Nomura forecasts a marginal improvement in revenue growth for Indian IT firms next year, with large caps expected to grow at 4.5%. Speaking on CNBC TV18, Abhishek Bhandari noted that while the sector is still perceived as an 'AI loser' by global investors, this view is likely to change.
Kaynes Tech management addresses analyst concerns on financial inconsistencies
Kaynes Technology's management has responded to an analyst report on financial inconsistencies, clarifying that consolidated financials are accurate despite a minor miss in a standalone report that will be corrected. Speaking to CNBC TV18, the Executive Vice Chairman committed to resolving aged receivables at a subsidiary by the fiscal year-end.
IndiGo shares fall up to 3%, extend losses as airline's massive cancellations continue: What lies ahead?
IndiGo share price: IndiGo has cancelled all domestic flights departing from Delhi until midnight. The total number of cancellations in recent days has now crossed 1,000.
IndiGo won't crash despite turbulence; no long-term damage, but not a 'buy' yet: Mayuresh Joshi
Market expert Mayuresh Joshi suggests that despite challenges from new rostering norms, Interglobe Aviation is not facing a structural decline due to its market dominance. While he advises against buying at the current dip, he remains positive on the hospitality sector.
Rate sensitive stocks rise: Realty, banks, others gain on RBI's 25 bps rate cut announcement
Nifty Realty was one of the top sectoral gainers, rising up to 1.3 percent, with eight of its 10 constituents trading higher.
Buy Prestige Estates; target of Rs 2295: Motilal Oswal
Motilal Oswal is bullish on Prestige Estates recommended buy rating on the stock with a target price of Rs 2295 in its research report dated December 04, 2025.
Indigo: Should investors board the stock?
The near-term turbulence notwithstanding, IndiGo’s long-term outlook is strong
Chinese chipmaker Moore Threads shares soars 502% after $1.1 billion IPO
Moore Threads' share frenzy stands out in an otherwise sluggish market, signaling strong investor appetite in specific sectors like this year’s AI winners.
