Oil climbs as Trump maintains Iran pressure, US stockpiles fall
West Texas Intermediate futures rose above $65 a barrel after climbing 0.9% in the previous session. Brent closed near $68.
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Carraro India shares worth over ₹1,200 crore free up for trade as shareholder lock-in ends
Carraro India’s stock is down close to 40% from its IPO price of ₹704. It is also currently under stage 1 of the long-term Additional Surveillance Measures (ASM) framework.
Nestle India Bonus: Board meets today to consider issue of free shares
Nestle India’s shares have been excluded from the BSE Sensex index at the start of the week as part of the index adjustment exercise. The move resulted in outflows worth over $200 million in the stock, according to analysts.
SBI Mutual Fund buys stake worth ₹672 crore in this underperforming insurance stock
According to the March quarter shareholding pattern, SBI Mutual Fund did not have any stake in the company. In case it did, its exposure could be less than 1% as its name does not feature in the list of prominent…
JSW Steel moves Supreme Court to review order cancelling Bhushan Power resolution plan
On May 2, a bench comprising Justice Bela M Trivedi and Justice Satish Chandra Sharma ordered the liquidation of Bhushan Steel and Power Ltd under the Insolvency and Bankruptcy Code. Shares of JSW Steel Ltd ended at ₹1,024.85, up by…
Net1 Applied Technologies Netherlands BV to sell 8% stake in One Mobikwik Systems via block deal: Sources
Mobikwik made a strong debut on the stock market, listing at a 58% premium to its IPO price of ₹279.
Magnum to scoop up 61.9% stake in Kwality Wall’s as HUL spins off ice cream biz
Magnum Ice Cream Company will acquire a 61.9% stake in Kwality Wall’s India Ltd following the demerger of HUL’s ice cream division. The spin-off aligns with Unilever’s global Growth Action Plan, recognising the segment’s need for a separate cold chain…
Adani Enterprises to raise up to ₹1,000 crore via public issue of NCDs
The NCDs will carry a face value of ₹1,000 each, and the offering follows board approval granted in October 2024 to raise up to ₹2,000 crore through NCDs. Shares of Adani Enterprises Ltd ended at ₹2,530.90, up by ₹23.95, or…
Western Carriers bags ₹558 crore logistics contract from Jindal Stainless
Under the agreement, Western Carriers India will handle the dispatch of slabs, coils, and sheet plates in DSO containers to various destinations across India. Shares of Western Carriers (India) Ltd ended at ₹110.50, up by ₹0.25, or 0.23%, on the…
Tata Steel acquires 1.79 crore shares of T Steel Holdings for₹1,563 crore
The company said it has subscribed to 179.10 crore equity shares of T Steel Holdings Pte. at a face value of $0.1005 per share. Shares of Tata Steel Ltd ended at ₹156.40, up by ₹1.60, or 1.03%, on the BSE.