News Overview

This divestment finalizes the agreement signed on July 15 between HUL and A.O. Smith, aimed at boosting A.O. Smith’s product portfolio and distribution across India.

According to futures, there is an 83% possibility of a move of the same magnitude in December and a 99% chance of a quarter-point decrease to 4.50%–4.75%.

The Building Division secured the largest contract share, worth ₹2,694 Crore, followed by the Electrical Division with projects valued at ₹538 Crore.

Spot gold increased by 0.1% to $2,738.32 an ounce. On Thursday, the price of gold reached a record high of $2,790.15.

At $74.24, Brent futures increased by $1.14, or 1.56%, a barrel. At $70.63, U.S. West Texas Intermediate (WTI) crude also increased by $1.14, or 1.64%, per barrel.

The Shapoorji Pallonji Group company launched its IPO on October 25, raising ₹5,430 crore through fresh shares and an offer for sale

In the September quarter, Proctor & Gamble's total income (including other income) was ₹1,143.66 Crore, which was somewhat lower than the previous year.

At around closing, Ashoka Buildcon was trading 2.31% higher at Rs 238.60, against the previous close of Rs 233.21 on NSE.

Tata Power reported a solar EPC order book of ₹15,900 Crore in Q2.

During the quarter, international revenues were ₹32,057 Crore, accounting for 52% of overall revenues.