Yes Bank share price trades 0.80% lower at ₹21.08 on the BSE after hitting an intra-day high of ₹21.43 on Tuesday, December 17, 2024. The stock reached a 52-week high of ₹32.81 on February 9, 2024, while it hit its 52-week low of ₹19.05 on November 13, 2024. The Indian benchmark indices, NSE Nifty and …
The fast-moving consumer goods (FMCG) giant ITC Ltd. has officially set January 1, 2025, as the effective date for the demerger of its hotel business into a separate entity. This decision comes after fulfilling all necessary conditions laid out in the scheme of arrangement. The move marks a strategic separation of ITC Hotels Ltd. from …
Coromandel International Limited, a leading provider of agri-solutions in India, has partnered with Mahindra & Mahindra’s Farm Equipment Sector (FES) business, Krish-e, to expand its drone spraying services. The collaboration aims to reach more farmers across India, offering advanced services through the Gromor Drive platform. Expanding Drone Services Across India Currently operational in 7 key …
Reliance Industries Limited (RIL), led by Mukesh Ambani, has acquired Karkinos Healthcare, a technology-driven oncology-focused platform, for ₹375 crore. The acquisition was executed through RIL’s wholly-owned subsidiary, Reliance Strategic Business Ventures Limited (RSBVL), which subscribed to shares and debentures of Karkinos as part of the transaction. Financial Terms RSBVL subscribed to: 1 crore equity shares …
UK-based Vodafone Group has settled approximately ₹11,650 crore (around £109 million) in dues raised against its pledged shares in Vodafone Idea (VIL), according to a regulatory filing. Pledged Stake for Debt The group had pledged almost its entire stake in VIL to secure the debt. The pledge was created in favour of HSBC Corporate Trustee …
Zydus Wellness Ltd reported that its fully-owned subsidiary, Zydus Wellness Products Ltd (ZWPL), has received a GST demand of ₹56.33 crore from the Directorate General of GST Intelligence, Surat Zonal Unit. The demand includes applicable interest and penalties. Allegation Overview The demand is linked to GST liability arising from Heinz India Pvt Ltd’s acquisition of …
Gujarat Fluorochemicals share price fell by 4.87% on Monday, December 30, 2024, hitting an intraday low of ₹4,182.10. The decline followed a tragic incident at the company’s CMS-1 plant on December 28, which temporarily disrupted operations. Incident at CMS-1 Plant The company reported that an incident occurred at its CMS-1 plant, affecting 4 individuals who …
As we enter January 2025, several companies have announced bonus share issues, offering investors an opportunity to increase their holdings without additional cost. A bonus share issue means that existing shareholders receive extra shares for free based on the number of shares they already own. This strategy aims to enhance the stock’s liquidity and make …
On December 30, 2024, Indian stock market indices, the BSE Sensex dropped by 0.57% to close at 78,248.13. The Nifty 50 on the other hand, declined by 0.71% closing at 23,644.90. Out of the 50 stocks in the Nifty50 index, here are the 5 top losers for the day: Stock Name Symbol Last Trading Price (₹) % Change …
Anand Mahindra-led, Mahindra & Mahindra Limited (M&M), the flagship company of the Mahindra Group has expanded its presence in the renewable energy sector by incorporating a new step-down subsidiary, Ultrogen Hybren Private Limited. On December 30, 2024, Mahindra & Mahindra share price traded down 0.95%, reaching an intra-low high of ₹3,021 at 9:32 AM (IST). According to …
