FMCG stocks HUL, Nestle, GCPL recover from the lows to turn positive, contribute to recovery

As a result of this recovery, nine out of the 15 stocks on the Nifty FMCG index are trading with gains.

As a result of this recovery, nine out of the 15 stocks on the Nifty FMCG index are trading with gains.

The Indian rupee is under pressure after foreign investors sold equities worth over ₹6,400 crore in two days, while month-end dollar flows add to market volatility. Traders now watch the 89 level closely, with the RBI likely to intervene if…

L&T said the consortium will participate in the expression of interest notice issued by the Centre’s Aeronautical Development Authority by submitting a response in the coming weeks.

According to a stock exchange filing, the proposed deal will give Bajaj Electricals full ownership of the Morphy Richards brand in India, Nepal, Bhutan, Bangladesh, the Maldives, and Sri Lanka, strengthening its presence in the premium appliances market.

At the interbank foreign exchange, the rupee opened at 88.80, registering a decline of 7 paise over its previous close. In initial trade the rupee also touched 88.71 against the greenback.

The company has also re-designated Ramesh Kunhikannan, formerly MD, as Executive Vice Chairman in the whole-time director category.

Confidential IPO filing lets companies submit their draft prospectus privately, protecting sensitive data and ensuring regulatory compliance before going public.

On Wednesday (September 24), 24-karat gold is priced at ₹11,537 per gram, 22-karat at ₹10,575, and 18-karat (999 gold) at ₹8,653 per gram, according to Goodreturns.

CNBC-TV18 had reported first on July 20, that the foreign shareholding cap in state-run lenders is likely to be reviewed along with a proposal for further consolidation among these lenders.

By the close of bidding, the issue was subscribed 89.62 times, with applications for 198.77 crore shares against 2.22 crore shares on offer.