HDFC Mutual Fund pares stake in Sundram Fasteners via ₹358 crore bulk deals

HDFC Mutual Fund sold a 2% stake in Sundram Fasteners for ₹358 crore through bulk deals on NSE and BSE; the stock hit a 52-week low on Wednesday.

HDFC Mutual Fund sold a 2% stake in Sundram Fasteners for ₹358 crore through bulk deals on NSE and BSE; the stock hit a 52-week low on Wednesday.

ICRA Ltd upgraded Vodafone Idea Ltd’s credit rating to ‘BBB’ from ‘BBB-’ and revised the outlook to ‘positive’ due to regulatory clarity on AGR dues and promoter support.

Cyient Limited announced NCLT Bengaluru ordered liquidation of Infotech HAL Limited, a joint venture with HAL. Cyient reported mixed Q3 results with a 28% net profit drop.

Shares of Bharat Forge Ltd ended at ₹1,841.70, down by ₹38.55, or 2.05%, on the BSE.

Shares of Polycab India Ltd ended at ₹8,274.50, down by ₹273.90, or 3.20%, on the BSE.

GE Shipping is acquiring a secondhand Kamsarmax dry bulk carrier, expanding its fleet to 41 vessels.

DEG and Citi provided $76M to Shriram Finance for economic inclusion, rural development, and climate mobility in India. DEG aids MSMEs, EVs, women, and underserved areas. Citi supports farmers.

Shares of BSE Limited ended at ₹2,635.90, down by ₹7.70, or 0.29%, on the NSE.

The Supreme Court of India has ordered a CBI probe into alleged irregularities in the Primus DLF Garden City project after homebuyers’ petitions about delays and lack of utilities.
Crisil Intelligence’s Director Sehul Bhatt says Middle East tensions pose a bigger risk to gas than oil as India has lower gas inventories and relies heavily on imports. With about 50% of gas imported—around 40% from Qatar—any disruption can tighten…