News Overview

Under the proposed transaction, Trinity will acquire a 100% stake in Strides SA, with a 60% stake from Strides Cyprus and 40% from another shareholder, for ZAR 21.73 million.

In FY23, output was 6.33 MT, with sales at 5.62 MT. Tata Steel UK's liquid steel production in FY24 was 3.02 MT, with deliveries at 2.80 MT. In FY23, the output was 3.02 MT, with sales of 2.95 MT.

Over the past six months, Voltas shares have surged by almost 60%, outpacing the Nifty 50, which rose around 15% during the same period.

Som Distilleries achieved its highest-ever sales in a month since entering Karnataka nearly a decade ago, although specific figures were not disclosed.

The Fund is a passively managed Index fund which will employ an investment approach designed to replicate / track the performance of the Nifty Auto Index (TRI). The Scheme seeks to achieve this goal by investing in securities constituting the Index in same proportion as in the Index.

The week saw crude oil crossing $91/bbl and gold at all-time highs once again.

An estimated 67 lakh shares, or 0.3% of the company's equity, were traded at an average price of ₹1,361 each. The deal's floor price was more than 1% less than the closing price.

The Sensex surged by 555.61 points or 0.75% to 74,803.83, while the Nifty climbed 167.20 points or 0.74% to 22,680.90.

Hyundai Motor and Kia aim to localize EV battery production, focusing on lithium-iron-phosphate (LFP) cells to align with their EV plans for the Indian market.

The proposed structure's major business segments will be broadcast, digital, movies, and music, with each sector focused on using synergies to improve content development capabilities and promote revenue growth.