SUMMITSEC News Today

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

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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

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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

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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

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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.

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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

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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

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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...

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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

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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

September 15: NSE Imposes F&O Trading Ban on 12 Stocks Exceeding Position Limits

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Ban was imposed as these securities exceeded 95% of the market-wide position limit

• 15 September, 2023
• 10:26 AM
• less than a minute