India’s biggest paints manufacturer, Asian Paints, has announced its exit from the Indonesian market, resulting in a potential loss of ₹90 crore. The company has agreed to sell its entire stake in PT Asian Paints Indonesia (PTAPI) and PT Asian Paints Color Indonesia (PTAPCI) to Berger Paints Singapore Pte Limited for SGD 7.5 million (approximately …
As of 11:35 AM IST on February 01, 2025, Paytm share price stood at ₹766.75, slightly down from its previous close of ₹775.15. With a market capitalisation of ₹48,895 crore, the stock witnessed a trading volume of 8,787 lakh shares. The stock opened at ₹776.00, with a 52-week upper circuit limit is ₹1062.95, and its lower circuit …
On Wednesday, March 12, Bharat Electronics received a contract worth ₹2,463 crore from the Ministry of Defence. With this deal, the total order inflow for FY 2024-25 for BEL has reached ₹17,030 crore. The new radars will have integrated Identification Friend or Foe (IFF) systems with electronic scanning capabilities, that enable 4D surveillance. Moreover, these …
Adani Wilmar Limited (AWL) is one of India’s leading food FMCG companies, with a diverse portfolio spanning edible oils, packaged foods, and industry essentials. The company, a joint venture between the Adani Group and Singapore-based Wilmar International, has established a strong presence in the Indian market. AWL’s product range is anchored by its flagship brand, Fortune, …
UltraTech Cement has announced its plans to enter the wires and cables industry with a capex of around ₹1,800 crore over 2025-27. It is renowned as a flagship cement company of the Aditya Birla Group. Previously, it has forayed into the paints and coatings business in 2024. UltraTech Seeks Growth in Cables During 2019-2024, the …
Mumbai, Mar 12 (PTI) Equity benchmark indices Sensex and Nifty closed moderately lower on Wednesday due to heavy selling pressure in IT, telecom, and realty stocks amid growing concerns over a possible global economic slowdown. The 30-share BSE Sensex fell 72.56 points or 0.10 per cent to close at 74,029.76. During the session, it tumbled …
A day after IndusInd Bank shares fell 27%, the stock is in focus as CEO Sumant Kathpalia assured that the bank aims to recover the losses caused by an accounting issue in past derivative transactions within this quarter. Despite concerns, Kathpalia stated that both the fourth quarter and full-year results would remain profitable. This statement …
Reliance Jio has signed an agreement with SpaceX to introduce Starlink’s satellite internet in India. This comes just a day after Bharti Airtel announced a similar partnership. However, the deal is subject to SpaceX receiving approval from the Indian government to offer Starlink services. Under this partnership, Jio and SpaceX will explore ways to integrate …
After winning the Dharavi slum redevelopment project, the Adani Group has now secured another massive redevelopment project in Mumbai—Motilal Nagar. The project, worth ₹36,000 crore, is located in Goregaon (West) and covers 143 acres, making it one of the city’s largest housing redevelopment initiatives. Adani Group Wins Against L&T Adani Properties Pvt Ltd (APPL) emerged …
On Wednesday, March 12, 2025, the Indian IT sector witnessed a sharp decline, with the Nifty IT index plummeting over 3% as fears of a potential US recession rattled investor sentiment. The decline has now pushed the index into bear market territory, having plunged 22% from its 52-week high of 46,088.90, recorded in December 2024. …
