Indian Bank Q1 total business rises 10.2%; Advances, deposits grow steadily
Total deposits stood at ₹7.44 lakh crore, up 9.3% YoY, while gross advances increased 11.3% to ₹6.00 lakh crore, compared with ₹5.39 lakh crore in the year-ago quarter.
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Harindarpal Singh Banga, Indra Banga likely to sell 2.1% stake in Nykaa via ₹1,200-crore block deal
The total block size is estimated at ₹1,200 crore, with the floor price set at ₹200 per share, sources told CNBC-TV18. Shares of FSN E-Commerce Ventures Ltd ended at ₹212, up by ₹4.95, or 2.39%, on the BSE today (July…
CCI approves Coromandel Intl’s ₹820-cr acquisition of majority stake in NACL
Following CCI’s green light, Coromandel intends to launch an open offer to acquire up to 26% additional stake from public shareholders. Shares of Coromandel International Ltd ended at ₹2,271.85, down ₹53.10, or 2.28%, on the BSE.
Max Financial arm Axis Max Life gets anonymous tip claiming data breach
The company has launched a detailed investigation in consultation with information security experts. Shares of Max Financial Services Ltd ended at ₹1,645.95, down by ₹8.85, or 0.53%, on the BSE.
FIIs begin July on cautious note, sell ₹1,561.62 crore in equities
FIIs have been net buyers in the Indian markets for the last four consecutive months. In June, foreign investors poured in ₹7,488.98 crore into India’s equities.
Trade Setup for July 3: Nifty falls to key support levels ahead of weekly expiry
In this ongoing correction phase, the previous swing highs of 25,317 and 25,222 could now act as immediate support levels for Nifty, believe analysts.
Aurobindo Pharma arm gets European Commission nod for cancer drug Dazublys
CuraTeQ Biologics, a unit of Aurobindo Pharma, has received EU approval to market Dazublys, its trastuzumab biosimilar for treating HER2-positive breast and gastric cancers. Shares of Aurobindo Pharma Ltd ended at ₹1,157.75, up by ₹25.25, or 2.23%, on the BSE.
Nestle India adds new Maggi noodles line at Sanand with ₹105 cr investment
Nestle India has expanded its Maggi noodles capacity by adding a new production line at its Sanand factory in Gujarat, investing ₹105 crore to meet growing demand.
Hindustan Zinc reports record Q1 mined metal at 265 kt; silver and refined output decline
Refined metal production stood at 250 kilo tonnes, down 5% year-on-year and 7% quarter-on-quarter. Shares of Hindustan Zinc Ltd ended at ₹446.65, down by ₹3.75, or 0.83%, on the BSE.
Petroleum Ministry objects to Vedanta demerger plans in NCLT hearing
Shares of Vedanta closed marginally higher at ₹470 on the NSE today, July 2. The company’s shares have grown as much as 9% last month.