Sudarshan Chemical Industries announced the acquisition of Heubach Group for Rs 1,180 crore. Shares surged 20% on the news. Heubach Group is the world's second-biggest pigment company.
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Friday, October 11, 2024
Wednesday, October 2, 2024
Mankind may end up spinning out a winner in consumer brands unit
The company entered the OTC business in 2007 and it has grown to have established brands such as Manforce, HealthOK, Prega News, AcneStar, Unwanted and Gas-O-Fast. Four of its brands ranked No.1 in their respective categories.
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from Economic Times https://ift.tt/4x9aYG5
Friday, September 27, 2024
In global game of influence, China turns to cheap and effective tool: fake news
The Biden administration is countering China's influence in the South Pacific, as seen in the Solomon Islands. China uses sophisticated disinformation campaigns, often through AI-generated content, to shape global perceptions. U.S. officials are increasing efforts and funding to combat these tactics and protect American interests.
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from Economic Times https://ift.tt/M7igv1k
Thursday, September 26, 2024
Stocks in news: Biocon, SJVN, Adani Green, Union Bank, Nuvama Wealth
Stocks in news: Markets saw a nearly 1% rise on the monthly expiry day, driven by favorable cues. Key stocks in focus include Biocon, SJVN, Adani Green, Union Bank, and Nuvama Wealth due to various developments such as agreements, joint ventures, property sales, and potential equity sales.
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from Economic Times https://ift.tt/AUfzB1H
China admits economy facing new 'problems', vows to fix property sector
Chinese President Xi Jinping and other top leaders admitted Thursday that the world's number two economy was facing new "problems" and vowed to resolve a long-running crisis in the housing sector. "Some new situations and problems have emerged in the current running of the economy," the Xinhua news agency reported after the meeting, which was attended by Xi. "We must view the current economic situation comprehensively, objectively and calmly, face difficulties squarely, (and) strengthen confidence," it added.
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from Economic Times https://ift.tt/Z6jes2J
Wednesday, September 25, 2024
Stocks in news: SpiceJet, Puravankara, ASK Automotive, Adani Green, Vedanta
Markets saw a volatile session on Wednesday but continued their upward trend. Key stocks in focus include SpiceJet, Puravankara, ASK Automotive, Adani Green, and Vedanta due to various developments. Notable actions include Societe Generale selling shares in SpiceJet and Puravankara acquiring land in Bengaluru.
from Economic Times https://ift.tt/9BuSj3K
from Economic Times https://ift.tt/9BuSj3K
IEX shares fall by 17% in two days on news of market coupling implementation by FY25
IEX Share Price: Market coupling, expected to be implemented by the end of this fiscal year or the start of FY26, aims to establish a unified price for electricity across different trading platforms. IEX, which currently dominates the power trading market with an 84% share, may face new challenges due to this change.
from Economic Times https://ift.tt/2cHBjQ4
from Economic Times https://ift.tt/2cHBjQ4
Tuesday, September 24, 2024
Stocks in news: EaseMyTrip, Exxaro Tiles, NBCC, PC Jewellers, Delta Corp, Tata Power
Equity markets closed nearly unchanged on Tuesday. Shares of EaseMyTrip, Exxaro Tiles, NBCC, PC Jewellers, Delta Corp, and Tata Power will be in focus due to various developments. Notable updates include promoter stake sales, block deals, Supreme Court petitions, stock splits, qualified institutional placements, demergers, and a fire incident at Tata Power's Trombay plant.
from Economic Times https://ift.tt/3vTkoWy
from Economic Times https://ift.tt/3vTkoWy
Monday, September 23, 2024
Stocks in news: Reliance Power, Coal India, AstraZeneca India, PNB, Power Grid
Stocks in news: Domestic markets started the week positively, gaining nearly half a percent. Key stocks in focus include Reliance Power, Coal India, AstraZeneca India, PNB, and Power Grid due to various developments such as equity issuance, joint ventures, and regulatory approvals.
from Economic Times https://ift.tt/qXYE9GF
from Economic Times https://ift.tt/qXYE9GF
Sunday, September 22, 2024
Stocks in news: SpiceJet, Mankind Pharma, Vodafone Idea, Aarti Drugs, BHEL, RIL
Stocks in news: Domestic markets rose by nearly one and a half percent on Friday, driven by global trends. Key stocks in focus include SpiceJet, Mankind Pharma, Vodafone Idea, Aarti Drugs, BHEL, and RIL due to various developments. Notable deals and approvals were made by companies like Allcargo Gati, HFCL, Aster DM Healthcare, and Tata Steel.
from Economic Times https://ift.tt/zC6n2K5
from Economic Times https://ift.tt/zC6n2K5
Saturday, September 21, 2024
SBI among top 10 stock picks from Axis Securities with upside potential of up to 42%
The long-awaited 50 bps rate cut by the Federal Reserve has finally happened, with the Fed hinting at further reductions in 2024, 2025, and 2026. This news has sparked a positive reaction across the markets.Following this, analysts expect increased FPI inflows, leading to a recent rise in largecap investments. This trend may strengthen, with largecaps likely to outperform other segments. The constructive view on the market remains intact with a likely sector rotation.With these, below are the top 10 picks from Axis Securities with upside potential of up to 42%:
from Economic Times https://ift.tt/anPjEMh
from Economic Times https://ift.tt/anPjEMh
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Sudarshan Chemical Industries acquires Germany-based world’s second biggest pigment company Heubach Group
Sudarshan Chemical Industries announced the acquisition of Heubach Group for Rs 1,180 crore. Shares surged 20% on the news. Heubach Group is...
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The value had touched a high of 22% of total market capitalisation of listed firms in June 2009, dropping to a low of 5.1% in September 2020...
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Huawei faces international scrutiny over its ties with the Chinese government and suspicion that Beijing could use Huawei#39;s technology f...