News Overview

Zydus Lifesciences has entered into a Business Transfer Agreement (BTA) for purchase of one of the Business Undertakings of Watson Pharma (Watson) on a going concern basis by way of slump sale, without values being assigned to individual assets and liabilities, on cash-free and debt-free basis at a lump-sum consideration of Rs. 46.77 crore, subject to certain closing date adjustments as provided in the BTA […]

As part of the collaboration, IndusInd Bank has agreed to provide additional inventory funding to authorized passenger EV dealers of Tata Motors at attractive prices.

At meeting held on 29 November 2022

Bharat Road Network Ltd, State Trading Corporation of India Ltd, R&B Denims Ltd and Universal Autofoundry Ltd are among the other losers in the BSEs B group today, 29 November 2022.

To transfer 49% stake in Britannia Dairy to Bel to undertake cheese biz in certain territories including India

Upon completion of the agreement, Bel SA will become the legal and beneficial owner of 49% equity share capital of the BDPL. Britannia Industries shall continue to hold the remaining 51% stake in BDPL.

Relaxo Footwears announced that ICRA has taken the following ratings action as under: a) Retained Long term rating of Rs. 140.00 crore on Fund based facilities of the Company at [ICRA] AA (pronounced as ICRA double A). The outlook on the long term rating has been revised to Stable from Positive. b) Retained Short term rating of Rs. 120.00 crore on Non fund based facilities […]

The benchmark indices traded with modest gains in the mid-afternoon trade. The Nifty hovered above the 18,600 level. Barring the Nifty Auto index, all the sectoral indices on the NBE were in the green. At 14:30 IST, the barometer index, the S&P BSE Sensex, was up 246.84 points or 0.39% to 62,751.64. The Nifty 50 index gained 85.55 points or 0.46% to 18,648.30. The two […]

Indian Railway Finance Corporation (IRFC) rose 4.62% to Rs 35.10, extending gains for the seventh session.

On private placement basis