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Hindustan Unilever Ltd. (HUL) has approved a plan to demerge its ice cream operations, including well-known brands like Kwality Wall’s, Magnum, and Cornetto. Shareholders of HUL will receive shares in the new entity after the demerger is completed. The new company will be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
This decision follows the board’s earlier approval to separate the ice cream business, which is expected to enhance operation
Hindustan Unilever Ltd. (HUL) has approved a plan to demerge its ice cream operations, including well-known brands like Kwality Wall’s, Magnum, and Cornetto. Shareholders of HUL will receive shares in the new entity after the demerger is completed. The new company will be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
This decision follows the board’s earlier approval to separate the ice cream business, which is expected to enhance operation
Trump Endorses Elon Musk or Larry Ellison Buying TikTok: Could This Lead to Its Return to India?
President Donald Trump has voiced support for the possibility of billionaire Elon Musk or Oracle Chairman Larry Ellison purchasing TikTok, suggesting a unique proposal: "Buy it, and give half to the United States of America." This announcement comes amidst the backdrop of the U.S. Supreme Co
Trump Endorses Elon Musk or Larry Ellison Buying TikTok: Could This Lead to Its Return to India?
President Donald Trump has voiced support for the possibility of billionaire Elon Musk or Oracle Chairman Larry Ellison purchasing TikTok, suggesting a unique proposal: "Buy it, and give half to the United States of America." This announcement comes amidst the backdrop of the U.S. Supreme Co
The HSBC Hurun Global Indians List 2024 recognizes 226 Indian-origin leaders who are running 200 of the world’s most valuable companies, collectively worth an astounding $10 trillion. Among the leaders, Microsoft CEO Satya Nadella, Alphabet CEO Sundar Pichai, and Vedanta Chairman Anil Agarwal stand out, with Nadella taking the top spot. This list reflects a growing dominance of Indian-origin leadership in global business, particularly in the software and services sector, which accounts
The HSBC Hurun Global Indians List 2024 recognizes 226 Indian-origin leaders who are running 200 of the world’s most valuable companies, collectively worth an astounding $10 trillion. Among the leaders, Microsoft CEO Satya Nadella, Alphabet CEO Sundar Pichai, and Vedanta Chairman Anil Agarwal stand out, with Nadella taking the top spot. This list reflects a growing dominance of Indian-origin leadership in global business, particularly in the software and services sector, which accounts
Market Uncertainty Due to Trump's Trade Policy Stance: The market experienced significant downturns largely due to concerns surrounding U.S. President Donald Trump's trade policies. Investors are on edge as Trump's inconsistent stance on trade tariffs has caused uncertainty in the global markets. His recent comments about imposing tariffs on neighboring countries, particular
Market Uncertainty Due to Trump's Trade Policy Stance: The market experienced significant downturns largely due to concerns surrounding U.S. President Donald Trump's trade policies. Investors are on edge as Trump's inconsistent stance on trade tariffs has caused uncertainty in the global markets. His recent comments about imposing tariffs on neighboring countries, particular
Waaree Energies Solar Module Supply Contract
Waaree Energies Ltd. announced receiving a letter of award for supplying solar PV modules with a total capacity of 180 megawatt peak. The modules will be provided to a renowned customer in the renewable energy sector, specifically for the development and operation of renewable power projects in India. The supply is expected to start in the financial year 2025–26.
Acquisition of Enel Green Power India
Waaree Energies Solar Module Supply Contract
Waaree Energies Ltd. announced receiving a letter of award for supplying solar PV modules with a total capacity of 180 megawatt peak. The modules will be provided to a renowned customer in the renewable energy sector, specifically for the development and operation of renewable power projects in India. The supply is expected to start in the financial year 2025–26.
Acquisition of Enel Green Power India
Gautam Adani’s Address to Students
On Monday, Gautam Adani, the chairman of the Adani Group, addressed the students of Adani International School in Ahmedabad. During his speech, Adani shared three core principles for the students: "dream relentlessly, learn relentlessly, and build relentlessly," encouraging them to aim high and remain determined in their endeavor
Gautam Adani’s Address to Students
On Monday, Gautam Adani, the chairman of the Adani Group, addressed the students of Adani International School in Ahmedabad. During his speech, Adani shared three core principles for the students: "dream relentlessly, learn relentlessly, and build relentlessly," encouraging them to aim high and remain determined in their endeavor
Bitcoin reached a historic milestone on Monday, soaring above $109,000 as Donald Trump, who has expressed plans to deregulate the cryptocurrency sector, prepared for his inauguration. The digital currency peaked at $109,241 before settling at $107,765, marking a significant surge in its value. This jump in Bitcoin’s price came in the wake of Trump’s election win in November and his nomination of Paul Atkins, a cryptocurrency advocate, to head the US securities regulator.
Bitcoin reached a historic milestone on Monday, soaring above $109,000 as Donald Trump, who has expressed plans to deregulate the cryptocurrency sector, prepared for his inauguration. The digital currency peaked at $109,241 before settling at $107,765, marking a significant surge in its value. This jump in Bitcoin’s price came in the wake of Trump’s election win in November and his nomination of Paul Atkins, a cryptocurrency advocate, to head the US securities regulator.
Months before the 2024 Lok Sabha elections, Finance Minister Nirmala Sitharaman presented an interim budget in February to manage the government’s immediate financial needs. After the BJP-led NDA returned to power for a third term, she unveiled the comprehensive Union Budget for the financial year 2024-25 on July 23. While both budgets play a significant role in the nation's fiscal planning, their objectives and scope are different.
An interim budget is a temporary financi
Months before the 2024 Lok Sabha elections, Finance Minister Nirmala Sitharaman presented an interim budget in February to manage the government’s immediate financial needs. After the BJP-led NDA returned to power for a third term, she unveiled the comprehensive Union Budget for the financial year 2024-25 on July 23. While both budgets play a significant role in the nation's fiscal planning, their objectives and scope are different.
An interim budget is a temporary financi
Nate Anderson, the founder of Hindenburg Research, has announced the closure of his renowned short-selling and investigative firm. Known for its fearless reports exposing corporate fraud and malfeasance, the firm’s work has left a significant impact on the financial world. Anderson described the decision as a natural conclusion to this chapter of his life, with no external pressures influencing the move.
Nate Anderson, the founder of Hindenburg Research, has announced the closure of his renowned short-selling and investigative firm. Known for its fearless reports exposing corporate fraud and malfeasance, the firm’s work has left a significant impact on the financial world. Anderson described the decision as a natural conclusion to this chapter of his life, with no external pressures influencing the move.
Bitcoin saw a strong rebound on Wednesday, reaching $98,800, up by 2% after the US Labour Department released the Consumer Price Index (CPI) data for December. The CPI showed a 2.9% increase, which was in line with expectations. The Core CPI, excluding volatile items like food and energy, came in slightly under expectations at 3.2%. This data eased fears of severe inflation, bolstering investor confidence and supporting the bullish outlook for Bitcoin.
Crypto prices, including Ether
Bitcoin saw a strong rebound on Wednesday, reaching $98,800, up by 2% after the US Labour Department released the Consumer Price Index (CPI) data for December. The CPI showed a 2.9% increase, which was in line with expectations. The Core CPI, excluding volatile items like food and energy, came in slightly under expectations at 3.2%. This data eased fears of severe inflation, bolstering investor confidence and supporting the bullish outlook for Bitcoin.
Crypto prices, including Ether
Rail Vikas Nigam Ltd (RVNL) has secured a significant contract worth Rs 3,622 crore from Bharat Sanchar Nigam Ltd (BSNL) for the development of Bharat Net's middle-mile network. The contract, awarded on a design, build, operate, and maintain model, involves the creation, upgradation, and operation and maintenance of the network. The project is set to be completed within three years, with a maintenance period of 10 years. The contract also includes an annual maintenance cost based on a per
Rail Vikas Nigam Ltd (RVNL) has secured a significant contract worth Rs 3,622 crore from Bharat Sanchar Nigam Ltd (BSNL) for the development of Bharat Net's middle-mile network. The contract, awarded on a design, build, operate, and maintain model, involves the creation, upgradation, and operation and maintenance of the network. The project is set to be completed within three years, with a maintenance period of 10 years. The contract also includes an annual maintenance cost based on a per
Torrent Pharmaceuticals Ltd. will hold a meeting on January 24 to consider the payment of an interim dividend for the financial year 2024-25. The company has set February 1 as the record date for determining the eligible members for the dividend payment, if declared. The interim dividend will be for the equity shares of Rs 5 each.
Earlier, Samir Mehta, President of the Indian Pharmaceutical Alliance and Chairperson of Torrent Group, highlighted the industry's plans to grow signi
Torrent Pharmaceuticals Ltd. will hold a meeting on January 24 to consider the payment of an interim dividend for the financial year 2024-25. The company has set February 1 as the record date for determining the eligible members for the dividend payment, if declared. The interim dividend will be for the equity shares of Rs 5 each.
Earlier, Samir Mehta, President of the Indian Pharmaceutical Alliance and Chairperson of Torrent Group, highlighted the industry's plans to grow signi
Diageo India, the owner of popular brands like Johnnie Walker and Smirnoff, has appointed Praveen Someshwar as CEO-Designate, succeeding Hina Nagarajan, who has led the company for the last four years. Someshwar, currently the CEO and Managing Director of HT Media, brings extensive leadership experience, having worked with PepsiCo for 24 years across various roles in general management, finance, and strategy.
Hina Nagarajan, the first woman to lead Diageo India, played a pivotal rol
Diageo India, the owner of popular brands like Johnnie Walker and Smirnoff, has appointed Praveen Someshwar as CEO-Designate, succeeding Hina Nagarajan, who has led the company for the last four years. Someshwar, currently the CEO and Managing Director of HT Media, brings extensive leadership experience, having worked with PepsiCo for 24 years across various roles in general management, finance, and strategy.
Hina Nagarajan, the first woman to lead Diageo India, played a pivotal rol
DCM Shriram Ltd. has scheduled a Board of Directors meeting on January 18, 2025, to discuss various financial matters, including the potential payment of a second interim dividend for the fiscal year 2024-25. The company will also review its unaudited financial results for both its standalone and consolidated entities for the quarter and nine months ending December 31, 2024.
The record date for the second interim dividend, if approved, will be January 24, 2025, with payment expected
DCM Shriram Ltd. has scheduled a Board of Directors meeting on January 18, 2025, to discuss various financial matters, including the potential payment of a second interim dividend for the fiscal year 2024-25. The company will also review its unaudited financial results for both its standalone and consolidated entities for the quarter and nine months ending December 31, 2024.
The record date for the second interim dividend, if approved, will be January 24, 2025, with payment expected
Jefferies predicts that 2025 will be a year of reckoning for Contract Development and Manufacturing Organization (CDMO) stocks, where actual earnings performance will determine the sector’s winners and laggards. While CDMO stocks saw remarkable returns in 2024, ranging from 20% to 80%, the brokerage points out that earnings were mixed, with some companies seeing upgrades, while others experienced sharp downgrades. Despite this, investor confidence remains strong, driven by long-term opt
Jefferies predicts that 2025 will be a year of reckoning for Contract Development and Manufacturing Organization (CDMO) stocks, where actual earnings performance will determine the sector’s winners and laggards. While CDMO stocks saw remarkable returns in 2024, ranging from 20% to 80%, the brokerage points out that earnings were mixed, with some companies seeing upgrades, while others experienced sharp downgrades. Despite this, investor confidence remains strong, driven by long-term opt
Shares of prominent gaming companies, including Delta Corp. and OnMobile Global Ltd., surged on Friday after the Supreme Court of India granted a stay on the proceedings regarding show cause notices (SCNs) issued by the tax department. These notices were linked to the proposed imposition of a 28% Goods and Services Tax (GST) on online gaming companies, which had caused significant concern within the industry. Abhishek A Rastogi, the founder of Rastogi Chambers, representing the gaming compani
Shares of prominent gaming companies, including Delta Corp. and OnMobile Global Ltd., surged on Friday after the Supreme Court of India granted a stay on the proceedings regarding show cause notices (SCNs) issued by the tax department. These notices were linked to the proposed imposition of a 28% Goods and Services Tax (GST) on online gaming companies, which had caused significant concern within the industry. Abhishek A Rastogi, the founder of Rastogi Chambers, representing the gaming compani
The week witnessed crucial political and economic developments that influenced market movements across the world. In India, Tata Consultancy Services (TCS) announced its third-quarter earnings, with a net profit rise of 4.1%, while the Union government predicted India's economy would grow at its slowest pace in four years, with a projected GDP growth rate of 6.4% for fiscal year 2024-25.
Meanwhile, India's merchandise trade deficit remained elevated despite a reduction in go
The week witnessed crucial political and economic developments that influenced market movements across the world. In India, Tata Consultancy Services (TCS) announced its third-quarter earnings, with a net profit rise of 4.1%, while the Union government predicted India's economy would grow at its slowest pace in four years, with a projected GDP growth rate of 6.4% for fiscal year 2024-25.
Meanwhile, India's merchandise trade deficit remained elevated despite a reduction in go
Gold prices saw an increase of Rs 250, reaching Rs 80,550 per 10 grams in the national capital on Friday. This rise in prices was driven by continuous demand from retailers and stockists, as well as the weakening of the Indian rupee, which hit a record low. The previous day, gold had been priced at Rs 80,300 per 10 grams, according to the All-India Sarafa Association. Silver prices, however, remained unchanged at Rs 93,000 per kg.
Gold of 99.5% purity continued its upward trajectory
Gold prices saw an increase of Rs 250, reaching Rs 80,550 per 10 grams in the national capital on Friday. This rise in prices was driven by continuous demand from retailers and stockists, as well as the weakening of the Indian rupee, which hit a record low. The previous day, gold had been priced at Rs 80,300 per 10 grams, according to the All-India Sarafa Association. Silver prices, however, remained unchanged at Rs 93,000 per kg.
Gold of 99.5% purity continued its upward trajectory
The International Monetary Fund (IMF) has advised Kenya to prioritize developing a predictable and robust regulatory framework for its cryptocurrency sector. In response to requests from Kenya's Capital Markets Authority (CMA) for input on future crypto regulations, the IMF conducted a detailed review of Kenya's crypto landscape. A 43-page Technical Assistance Report released on January 8 outlines the key steps needed to enhance regulation, ensuring the safety of participants and comp
The International Monetary Fund (IMF) has advised Kenya to prioritize developing a predictable and robust regulatory framework for its cryptocurrency sector. In response to requests from Kenya's Capital Markets Authority (CMA) for input on future crypto regulations, the IMF conducted a detailed review of Kenya's crypto landscape. A 43-page Technical Assistance Report released on January 8 outlines the key steps needed to enhance regulation, ensuring the safety of participants and comp
A Kerala-based startup, in collaboration with the Kerala Irrigation Infrastructure Development Corporation Ltd. (KIIDC), is preparing to launch India's first eco-friendly, organic water bottles. Known as 'compostable bottles,' these bottles are designed to replace plastic bottles and are part of an innovative initiative aimed at promoting sustainability.
The new product, branded as 'Hilly Aqua,' will be launched by Kerala Chief Minister Pinarayi Vijayan in mid-Ja
A Kerala-based startup, in collaboration with the Kerala Irrigation Infrastructure Development Corporation Ltd. (KIIDC), is preparing to launch India's first eco-friendly, organic water bottles. Known as 'compostable bottles,' these bottles are designed to replace plastic bottles and are part of an innovative initiative aimed at promoting sustainability.
The new product, branded as 'Hilly Aqua,' will be launched by Kerala Chief Minister Pinarayi Vijayan in mid-Ja
