Hindustan Unilever Ltd has fixed December 5, as the record date for issuing Kwality Wall’s shares in a 1:1 ratio, as its ice-cream business demerger becomes effective on December 1.
The agreement sets a framework for long-term collaboration aimed at strengthening Azad Engineering’s manufacturing capabilities in the aerospace sector, aligning with national strategic priorities. Shares of Azad Engineering Ltd ended at ₹1,638.60, down by ₹34.75, or 2.08%, on the BSE.
Although the Nifty staged a brief rebound in the mid-session, the recovery proved short-lived, and the market closed near the day’s low amid broad-based selling pressure.
Escorts Kubota has launched its third-generation ride-on rice transplanters in India. The new models are designed to speed up paddy transplantation, reduce labour needs and improve planting accuracy across key rice-growing states.
Choice International has acquired Ayoleeza Consultants to expand its infrastructure advisory and public sector consulting capabilities, adding over ₹200 crore in live orders. The consultancy also has bids under evaluation worth ₹350 crore-plus in railways projects and ₹150 crore-plus in…
Continuing claims, a proxy for the number of people receiving benefits, came in at 1.957 million, up slightly from 1.947 million in the prior week. For initial claims, weekly data for the previous three weeks weren’t made available.
The rupee closed at 88.6050 against the US dollar, nearly unchanged from its close at 88.63 in the previous session.
A key concern weighing on the stock is stagnation in Gabriel’s sunroof business, driven by a lack of new order wins. This is expected to drag near-term topline growth.
Colin Shah, MD, Kama Jewelry, expects strong bridal demand between December and March despite high gold prices, noting that volumes remain subdued but values should recover.
Tata Consultancy Services secures a five-year deal to modernise NHS core systems and supply chain with cloud and AI, aiming to boost efficiency across the UK healthcare network.