Friday, October 11, 2024

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 the world's second-biggest pigment company.

from Economic Times https://ift.tt/8zH5PmA

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.

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.

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.

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.

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

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

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

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

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

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

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...