NEWS ON INDUSTRIALS
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May 18, 2022, Wednesday
Ruchi Soya hits upper circuit on buyout of Patanjali's food retail business
The board also approved to change company's name from Ruchi Soya Industries to Patanjali Foods.
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May 18, 2022, Wednesday
Ruchi Soya acquires Patanjali Ayurved's food business for Rs 690 crore
To pay 1% of turnover of products as annual royalty under transfer agreement
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May 18, 2022, Wednesday
Gokaldas Exports surges 9%; hits all-time high on healthy business outlook
A shift in consumer preferences post pandemic towards wovens, as people seek more formal clothes, may improve demand.
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May 17, 2022, Tuesday
UltraTech, JSW lost Ambuja race due to CCI concerns: Holcim CEO
The CEO said the smoothness of the execution of such a transaction was a major factor in taking the decision.
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May 17, 2022, Tuesday
Street betting on revival of metals cycle amid buzz of over-correction
High input costs leading to margin pressure, lower-than-expected realisations are among downside risks
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May 17, 2022, Tuesday
Top headlines: Adani group's gross debt, EV fire incidents, and more
From Adani group's gross debt rising to EV fire incidents, here are the top headlines on Tuesday
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May 16, 2022, Monday
Ambuja-ACC deal: Cost synergies seem to justify premium deal valuation
But, whether players maintain discipline or turn aggressive on pricing as new capacities come on stream will be crucial
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May 16, 2022, Monday
Indian lenders look to refinance Adani's stake acquisition in Ambuja, ACC
While there are curbs on banks for directly funding takeovers and acquisitions, banks will assess any room for funding via overseas branches and ...
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May 16, 2022, Monday
What UltraTech and JSW Cement plan to do after losing Holcim deal to Adani
Speeding up capacity expansion would be top focus area, said analysts
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May 16, 2022, Monday
Adani-Holcim deal may trigger consolidation in cement industry: Experts
Expansion plans by most larger players despite glut in markets, fuel price-driven cost pressure and resistance from market to absorb higher cost ...
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May 16, 2022, Monday
No capital gains tax on Ambuja, ACC sale to Adani Group: Holcim CEO
India-Mauritius treaty allows tax exemption on such agreement, says Swiss company's CEO.
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May 16, 2022, Monday
ACC, Ambuja to ramp up capacity as Adani vies with UltraTech for top slot
Adani group aiming at 100 mn tonnes per annum combined, from present 70 mn tonnes; both firms to invest with own cash and fresh debt; ACC-Ambuja ...
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May 16, 2022, Monday
Adani-Holcim deal: Analysts expect Ambuja and ACC to merge in medium-term
Adani-Holcim deal: The merger of Ambuja Cement and ACC will help Adani Group rationalise a lot of fixed cost quotients at both these entities, ...
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May 16, 2022, Monday
Holcim deal: Charts indicate up to 14% upside for ACC, Ambuja, Adani Ent
Adani Enterprises can rally up to 14 per cent; whereas ACC, and Ambuja Cements can gain another 10 per cent each, indicate charts
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May 16, 2022, Monday
Ambuja, ACC gain up to 8% on Adani Group's buyout of Holcims's India biz
The Adani Group announced the acquisition of Swiss cement major Holcim's stake in all its Indian operating entities for $10.5 billion (around Rs ...
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May 12, 2022, Thursday
Strong chemicals business outlook likely to support the SRF stock
This could aid overall profitability, even though other segments may see margin moderation
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May 12, 2022, Thursday
Ultratech in talks with rival cement firms, PEs on asset divestiture plans
India's largest firm in the sector seeks more time from Switzerland's Holcim to make a bid for Ultratech and ACC.
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May 12, 2022, Thursday
Birla Corporation down 7%; stock hits 52-week low on growth worries
The management remained cautious over profitability of cement companies in the near future as it does not anticipate any relief in cost
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May 11, 2022, Wednesday
InGovern, others approach Sebi; seek forensic audit of Future Group firms
In its letter, InGovern said many directors and key management personnel have resigned in the past year
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May 11, 2022, Wednesday
Birla Corp net profit down 55.45% in Q4, blames high fuel prices
Company says it has 'healthy growth in sales by volume in almost every segment and market'.
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May 11, 2022, Wednesday
Chemplast Sanmar Q4 consolidated net profit dips 36% to Rs 232 crore
The company's total income saw a 35 per cent increase to Rs 1,816 crore during the quarter under review, as against Rs 1,350 crore in the fourth ...
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May 11, 2022, Wednesday
Stocks to Watch: SBI, Cipla, Voda Idea, Gujarat Gas, Zensar, MGL, Welspun
Stocks to Watch Today: The primary market too is likely to be abuzz with activity with three IPOs namely - Delhivery, Prudent Corporate Advisory ...
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May 10, 2022, Tuesday
Adani Wilmar down for 8th straight day; slips 34% from 52-wk high level
Post the sharp share price rally since listing, brokerage firm JPMorgan find the stock's risk-reward unattractive. Analysts have downgraded ...
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May 10, 2022, Tuesday
Stocks to Watch: Banks, IT, GNFC, SRF, PVR, UPL, CBI, Vedant Fashions
Stocks to Watch Today: Asian Paints, Cipla, Gujarat Gas and Vodafone Idea will be in focus ahead of the Q4 results on Tuesday, May 10, 2022.
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May 10, 2022, Tuesday
Future Group hasn't made disclosures to stock exchanges, says Amazon
While arguing in the case, Amazon asked why Future did not inform the Supreme Court about the termination notice it received for its stores
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May 09, 2022, Monday
What's the future of Future Group stocks? Here's what technical charts say
Market participants should avoid bottom fishing at the these counters and wait for a fresh trend to emerge.
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May 09, 2022, Monday
US Fed rate hike raises cost of funds for Ambuja Cements bidders
The acquisition is expected to cost around $10 billion (Rs 76,000 crore), including the open offers for the shareholders of both Ambuja Cements ...
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May 06, 2022, Friday
"Buyer beware": Wadia issues public notice against Century's realty project
Century doesn't own 30 acres of land in Worli, it claims to own, says Nusli Wadia in public notice
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May 06, 2022, Friday
India cement units are cooperating closely with CCI, says Holcim
Swiss cement major's India units facing cement cartelisation probe
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May 06, 2022, Friday
Future Enterprises sells 25% stake in joint venture insurance firm
Future Enterprises has defaulted on repayment of Rs 2,911.51 crore of loans to lenders
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May 05, 2022, Thursday
Gokaldas Exports hits record high; zooms 38% in 4 days on strong Q4 results
With the recent fundraise (QIP: Rs 300 crore), the company has strengthened its balance sheet with a repayment of around Rs 300 crore debt, ...
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May 04, 2022, Wednesday
Cosmo Films soars 10% on bonus issue plan
The company's board will meet on Monday, May 9, 2022 to consider the issuance of bonus shares.
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May 04, 2022, Wednesday
Stocks to Watch: Tata Steel, HDFC, AEL, AWL, SpiceJet, Titan, BoB, NTPC
Stocks to Watch Today: Tata Steel has announced a 46.8 per cent jump in Q4 net, and also announced a 10:1 stock split; LIC's Rs 21,000 crore IPO ...
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May 04, 2022, Wednesday
Here's why Mehul Kothari is bullish on Rupa, IndusInd Bank
According to the technical analyst from Anand Rathi, IndusInd Bank has managed to break out from its four-month consolidation range, and can now ...
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May 04, 2022, Wednesday
Godrej locks its history in Amar Chitra Katha in outreach to youth
The challenge, Godrej says, was to reach a younger audience and children who might have had very little association with the brand
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May 03, 2022, Tuesday
Adani Wilmar acquires Kohinoor rice brand in India to strengthen position
The acquisition of Kohinoor rice brand by Adani Wilmar will fuel the next level of growth for Adani Wilmar and widen the portfolio to cater to ...
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May 03, 2022, Tuesday
Adani, JSW groups submit non-binding bids to acquire Ambuja Cements
Holcim intends to close the transaction early
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May 03, 2022, Tuesday
Adani Wilmar net profit declines 26% to Rs 219.2 crore in March quarter
Its food and FMCG portfolio stood at 0.64 MT in FY22, compared with 0.47 MT in FY21, registering a growth of 34 per cent
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May 02, 2022, Monday
Gokaldas Exports surges 18% in two days on robust Q4 performance
Increased volume, better product mix, and improved operational efficiency all contributed to a growing operating profit in Q4.
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May 02, 2022, Monday
Tata Chemicals surges 7% in weak market on strong Q4 performance
The management said the operating performance reflects higher volumes, realisations, and favorable market conditions.
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April 29, 2022, Friday
Ambuja Cements: Holcim's stake sale is a crucial near-term trigger
With margins seen under pressure and analysts' target price of Rs 350-410, the gains otherwise are limited
