JSW Steel has entered into a share purchase agreement to acquire 100% equity shares of thyssenkrupp Electrical Steel (tkES) through a 50:50 joint venture with Tokyo-headquartered JFE Steel for Rs 4,051.4 crore, the Sajjan Jindal-led steel company announced to the exchanges on Friday evening. The acquisition will be executed through Jsquare Electrical Steel Nashik, a
Tata Consumer on Friday beat Street estimates, reporting an almost 8% increase in net profit for the quarter ended September 2024 (Q2FY25) to Rs 364 crore, compared to Rs 338 crore in the same period last year. Analysts polled by Bloomberg had projected a net profit of Rs 343 crore for the quarter under review.
The recent reduction of over 20% in the allocation of Administrative Price Mechanisms (APM) gas to city gas distribution companies by GAIL India is expected to result in an increase in the prices of CNG (Compressed Natural Gas), as per analysts. As communicated by Indraprastha Gas and Mahanagar Gas, the government has decided to cut
India’s merchandise exports in the first half of FY25 rose at a modest rate of 1%, owing to slowdown in global demand, decline in oil prices, higher logistics costs for exporters, and of course, declining competitiveness in certain segments. The outlook for the second half is however of slight improvement, even as the current external
Tata Consumer Products shares tumbled almost 10% to an intra-day low of Rs 986.35. The stock fell a day after it reported weak Q2 FY25 earnings numbers. The company reported a net profit of Rs 359.3 crore in the second quarter of FY25 Vs Rs 338 crore posted in the same quarter last fiscal. The company’s revenue
Deepak Builders and Engineers IPO was fully booked within two hours of the launch, which was primarily driven by the retail investors, subscribing the issue 1.7 times. The non-institutional investors booked the issue 0.69 times while the qualitative institutional booked the issue zero times. The company received bids worth Rs 181.92 crore from investors. The
Go to Live UpdatesWaaree Energies ipo Live: The initial public offering (IPO) of Waaree Energies has officially opened for subscription today, featuring a fresh equity sale of Rs 3,600 crore alongside an offer for sale (OFS) of 48 lakh shares. The subscription period will run until October 23. Prior to the opening, the company successfully
Multi Commodity Exchange rose 1.8% to hit a fresh 52-week high of Rs 6,680 a day after the commodity major swung into black. The company reported a net profit of Rs 153.6 crore in the second quarter of the current financial year compared to a loss of Rs 19.1 crore in the same quarter a
By Chaitali Dutta l My son will go to the US for higher education. Should I opt for a loan in India instead of a loan abroad as the rupee is depreciating?—Yash SharmaAns: Yes, education loans in rupee in India are widely available. You may choose the institution that offers low interest rates and a
In a major update for central government pensioners, the centre has reiterated that there are no plans to reduce the minimum age eligibility for additional pension to retirees. The central government has made it clear that the minimum age for additional pension will remain 80 years. In response to a question asked in the Lok
By Rohit Sarin Navigating market volatility is a challenge that every investor faces at some point. The past few months have been particularly turbulent, with global uncertainties, trade tensions, and fluctuating economic indicators creating a complex environment for wealth preservation. The first strategy pertaining to wealth preservation is diversification. A well-diversified portfolio can mitigate risk
When considering the purchase of a property near a highway, understanding the location’s significance is crucial in determining its price and demand. Properties with easy access typically sell more easily and align better with market demand. This has led to a longstanding trend of acquiring properties along main roads, including state and national highways and
India is witnessing an upward growth trajectory in luxury housing, with ultra-high-net-worth individuals transforming the landscape of luxury real estate. As the number of UHNIs grows, so does their appetite for ultra-luxurious residences that offer exclusivity, bespoke amenities, and prime locations. A recent survey by India Sotheby’s International Realty reveals that over 60% of High-Net-Worth
