News Today

India Strategy: 44 Annual Reports, 5 switch trades

Copy Link

With such a comparison of fundamentals between markets, analysts of IIFL Securities prefer Alkem with its US withdrawal to IPCA with new US foray.

• 25 September, 2023
• 10:12 AM
• less than a minute

Nirma will launch an open offer to purchase a 75% interest in Glenmark Life Sciences for Rs 5,6...

Copy Link

Nirma Ltd. will conduct a required open offer to all public shareholders of GLS in accordance with SEBI regulations.

• 22 September, 2023
• 11:30 AM
• less than a minute

Adani Group forms JV for redevelopment of Mumbai’s Dharavi slum

Copy Link

Adani Group verified the formation of the entity, Dharavi Redevelopment Project Pvt Ltd, without going into further detail.

• 22 September, 2023
• 11:22 AM
• less than a minute

The government obtains substantial dividends from BHEL and Coal India Ltd

Copy Link

The Government has received about Rs 1556 crore and Rs 88 crore as dividend tranches from Coal India Ltd. and BHEL, respectively.

• 21 September, 2023
• 2:07 PM
• less than a minute

Vedanta Ltd Shares Hit 14-Month Low Ahead of Key Board Meeting

Copy Link

The board will discuss issuing private non-convertible debentures (NCDs) as part of their routine refinancing

• 21 September, 2023
• 1:44 PM
• less than a minute

Durga Prasad Chalavadi, CMD, Sai Silks Kalamandir Ltd.

Copy Link

Management of the IPO-bound company chats with Sheetal Agarwal of IIFL to streamline the company’s strengths, performance and road ahead.

• 19 September, 2023
• 8:43 AM
• less than a minute

Hindustan Urvarak & Rasayan would receive an extra investment of Rs 904 crore from Indian Oil

Copy Link

The Board of Indian Oil approved an additional investment of Rs 903.52 crore in Hindustan Urvarak and Rasayan Ltd at its meeting on September 15, 2023, according to a stock exchange filing.

• 18 September, 2023
• 12:39 PM
• less than a minute

Dabur India: On the right path

Copy Link

Analysts of IIFL Securities cut their EPS estimates by 2% for FY25/FY26 to factor in the slower-than-expected margin recovery, as the company intends to increase its brand investments to 8-10% range in medium term

• 18 September, 2023
• 10:56 AM
• less than a minute

Large NBFCs coming out of the shadows to become multi-product, diversified lender: IIFL Securit...

Copy Link

Analysts of IIFL Securities also highlight runaway growth in Personal loans (27% 4yr Cagr and 36% YoY in FY23) as an area of concern.

• 18 September, 2023
• 10:51 AM
• less than a minute

Oil India to Invest Rs 8,000 Crore in 2G Ethanol, Part of Rs 25,000 Crore Sustainability Drive

Copy Link

This investment will be a collaborative effort involving Oil India and its subsidiary, Numaligarh Refinery Ltd (NRL), which will establish the ethanol plant.

• 15 September, 2023
• 12:10 PM
• less than a minute