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American inventor Elisha Graves Otis built the first safety elevator in 1952. In the 1870s, Otis entered Europe. Its elevators were installed at the Kremlin, Balmoral Castle, the Hungarian Royal Palace and the Eiffel Tower. In the early 1900s, the Buckingham and the Mysore Palaces were also home to Otis elevators
Shares of Tata Global Beverage touched 52-week high of Rs 189.25, gain 6.5 percent intraday Wednesday as the company is going to launch its Himalayan mineral water in US market.
Mumbai: Nearly six months after his turbulent elevation to run India’s biggest conglomerate, Natarajan Chandrasekaran is assembling a team of dealmakers to refocus some of the group’s biggest businesses, expand its financial services and consumer businesses and sell or merge dozens of smaller units, according to interviews with senior executives.
Thursday is a big day for this results season as index heavyweights and widely-tracked companies such as Biocon, Dr Reddy’s Laboratories, Glenmark Pharma, HCL Technologies, ICICI Bank, Idea Cellular, IDFC, IDFC Bank, ITC, Maruti Suzuki, ONGC, Reliance Capital, Tata Coffee, Tata Elxsi, AB Fashion, Blue Dart, Crompton Greaves Consumer, Exide Industries and Wabco will announce their April-June financial results.
Tata Global Beverages Ltd (TGBL), a relative laggard in the FMCG sector, is likely to catch the attention of serious investors thanks to its various restructuring initiatives. This stock could benefit from Tata Sons’ initiative of unwinding cross-holdings in group companies, which would help TGBL raise funds. There is also a market buzz (news coverage from CNBC-TV18) that the company plans to sell the non-branded products business.
It was a spectacular start to the week on Monday ahead of June quarter earnings as equity benchmarks ended at fresh record closing highs amid technical glitch at NSE. Better-than-expected US jobs data and the value buying as well as short covering in select index heavyweights (including TCS, Infosys ahead of Q1 results in later part of the week) lifted the Sensex 408 points to hit an intraday record high of 31,768.
3:30 pm Market at Close: Equity benchmark indices ended the session on a flat note with a positive bias, with the Nifty ending above 9600-mark.
Three stocks lost 0.92% to 1.7% at 9:55 IST on BSE on turning ex-dividend today, 30 June 2017.
North Pune is increasingly being preferred by residentials buyers for its affordability; about 60 per cent of new launches in this zone was below ticket size of Rs 25 lakh. »
Japanese electronics and instrumentation major Hitachi High-Technologies Corporation has announced its entry into the Indian solar market, in collaboration with Mumbai-headquartered CleanMax Solar India. The two companies will “jointly offer high-end rooftop solar solutions to Japanese companies across India.”
Close to 80 companies including AB Nuvo, Akzo Nobel, Bajaj Auto, Bank of Baroda, CESC, Coffee Day, DB Corp, EID Parry, Gateway Distriparks, GIPCL, Hindustan Media, IDBI Bank, Jyothy Labs, Karur Vysya Bank, MCF, Muthoot Finance, Pidilite Industries, Rane Engine Valve, Sadbhav Infra, Strides Shasun, Take Solutions, Tanla Solutions, Tata Coffee, Teamlease, Thangamayil, United Bank, VIP Industries and Zylog will announce their Q4 and FY results on Thursday.
Tata Global Beverages has entered a tie-up with Alibaba Group Holding to sell Tetley tea bags through the latter’s TMall online retail channel
In a bid to improve efficiency and consolidating operations, Tata Group is exploring a merger of Tata Global Beverages and Tata Coffee. The group is weighing the pros and cons of a possible merger between the two entities, reports CNBC-TV18's Kritika Saxena.