Company Overview and News
Stop missing out on important events!
Eight out of 10-most valued Indian companies together added Rs 58,650.26 crore to their market valuation last week, with IT major TCS witnessing the maximum gain. (10-0)
Mumbai: The benchmark BSE Sensex slipped below the 34,000-mark by falling nearly 131 points in early trade today, extending Friday’s losses as investors cut bets amid weak domestic sentiment and absence of Asian cues. The 30-share barometer dropped by 130.54 points, or 0.38 per cent, to 33,880.22 in early trade led by fall in Tata Steel, SBI, Reliance Industries and L&T. (27-0)
John Energy, backed by ace investor Rakesh Jhunjhunwala, has filed draft papers with markets regulator Sebi to raise an estimated Rs 350 crore through an initial public offering, reports PTI. The IPO comprises fresh issuance of shares worth Rs 218 crore and an offer for sale of up to 16,77,744 scrips by existing shareholders, including IL&FS Financial Services and India Rig Company, the draft red herring prospectus (DRHP) filed with Sebi showed. (45-0)
Dalmia Bharat Cement and UltraTech Cement have submitted nearly identical bids for Binani Cement, reports Mint. The two finalists have submitted bids of roughly around Rs 6,000 crore each, sources said, adding that the amount includes upfront cash payments, as well as an offer of close to 20% stake in Binani to lenders. (42-0)
Billionaire industrialist Mukesh Ambani said his firm Reliance Industries (RIL) and its global partners will set up the country's first integrated digital area in Maharashtra entailing investments of Rs 60,000 crore, reports PTI. "Reliance along with other global companies will invest over Rs 60,000 crore in the next 10 years in Maharashtra, which will be the first integrated digital industrial area in the country," Ambani said. (41-0)
Is this the year Nestlé India Ltd will fire on all cylinders? Investors seem to think so. If 2015 was taken away by the noodles controversy, 2016 went to demonetization and 2017 saw the initial chaos of the goods and services tax (GST) roll-out affect performance. All that is behind it. The company’s December quarter results hold out promise of a good showing in 2018, barring another major disruption.
Nestlé India shares surged over 4 per cent after its strong December quarter (Q4) results. Led by volume growth and strong sales of Maggi, domestic revenues increased about 11 per cent year-on-year (y-o-y) to Rs 25.89 billion. When adjusted for goods and services tax (GST)-related accounting changes, growth stood at 18 per cent. Gains at the operating level were stronger, with gross profit margins increasing by 130 basis points (bps) to 58.
Hindustan Unilever has threatened to cut investment in online social media platforms like Facebook and Google as it is alarmed at the nature of content available on these platforms, according to a report in The Economic Times.
Krishna Kant Ram prasad Sahu & Ujjval Jauhari Last Updated at February 14, 2018 00:12 IST (30-0)
Bengaluru: Amazon India is looking to rapidly scale up and expand its private label business by launching brands in new categories this year, even as the online retailer looks to close the gap with arch-rival and e-commerce market leader Flipkart, which has also made an aggressive push into private labels over the past year.
New Delhi: WPP-owned media agency GroupM said on Monday that it has agreed to buy a majority stake in the independent digital creative agency The Glitch, which will retain its branding. The acquisition will strengthen GroupM’s growth plans by offering its clients access to a wide portfolio of digital marketing services and content solutions. (5-0)
A biopic series on the life of yoga-guru-turned-entrepreneur Ramdev will be premiered on the new general entertainment channel Discovery Jeet on Monday. While the series will highlight many unknown facets of Ramdev, a key part will be his journey of taking Patanjali, an ayurveda consumer goods company co-founded by him and close aide Balkrishna, to the top. At Rs 105.61 billion, which is its top line for the financial year 2016-17, Patanjali is easily among the leading consumer goods players in the country, having multiplied revenue over 20 times in the last five years.
The SGX reiterated and reassured international traders of its Indian product trade from Monday. - Reuters (22-0)
Over the last week, the BSE Sensex recorded a steep fall of 1,060.99 points. - Reuters (10-0)
The information displayed herein is uploaded by the concerned Company. The said uploaded information is displayed without any verification of adequacy, accuracy and veracity. The Exchange in discharge of its role of dissemination of uploaded information on this website immediately on its receipt. The Company shall be solely responsible and liable for any omission, commission, errors and misrepresentations in the contents of the Information.