National Company Law Appellate Tribunal (NCLAT) on Monday dismissed petitions challenging ICICI Securities’ delisting process from stock exchanges.It said the failed to demonstrate any illegality in either the process followed for sanctioning the scheme or in the terms of the plan itself.A two-member NCLAT bench said the petitioners did not have requisite shareholding and were…
CHENNAI: Recovery in rural consumption will be faster than the urban areas, said Godrej Consumer Products (GCPL) MD & CEO Sudhir Sitapati.“Rural markets have actually picked up, but they got compensated by a very poor urban performance in Q3 (FY25). Our anticipation is rural recovery will be faster than the urban recovery. There were some…
NEW DELHI: Government on Monday sought Parliamentary approval for additional spending, including a cash outgo of over Rs 51,000 crore, with large chunks going towards fertiliser subsidy and pension. Over Rs 14,000 crore is proposed to be spent towards higher fertiliser subsidy, according to the second supplementary demand for grants tabled in Parliament.Permission to make…
According to Ajit Mishra at Religare Broking, mixed global cues and underperformance of banking index remain key hurdles. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Tuesday. While BSE Sensex sunk over 400 points, Nifty50 was below 22,350. At 9:16 AM, BSE Sensex was trading…
Top stocks to buy (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, HUL and SBI Card are the top stocks to buy today:HUL – Buy in the range between Rs 2230 & Rs 2260; Stoploss: Rs 2189; Target: Rs 2420HUL (Hindustan Unilever Limited) has…
People work on the floor at the New York Stock Exchange in New York. (File photo) US stocks tumbled Monday as ongoing tariff disputes and concerns over a potential federal government shutdown fueled fears of a looming recession.Last week’s sharp selloff continued, gaining steam throughout the session, with all three major indexes posting steep losses.The…
Almost every day, Grant Lee, a Silicon Valley entrepreneur, hears from investors who try to persuade him to take their money. Some have even sent him and his co-founders personalised gift baskets.Lee, 41, would normally be flattered. In the past, a fast-growing startup like Gamma, an artificial intelligence company he helped establish in 2020, would…
NEW DELHI: Domestic commercial vehicle industry’s wholesale volumes are expected to grow 3-5% YoY in FY26, rating firm Icra said on Monday. This follows a flat volume movement estimated in FY25, marred by the demand slowdown in the first half of the fiscal due to the general elections, it said in a statement. Source link
NEW DELHI: Markets regulator Sebi has notified a stricter regulatory framework for small and medium enterprise (SME) IPOs by introducing a profitability requirement and capping a 20% limit on offer-for-sale (OFS). The reforms aim to provide SMEs with a sound track record an opportunity to raise funds from the public while protecting investor interests. This…
NEW DELHI: Japanese automaker Honda on Monday said it had appointed Takashi Nakajima as the new president & CEO of Honda Cars India. He will take charge on April 1, 2025, from Takuya Tsumura, who will move to Japan at Honda head office after completing his India tenure. Nakajima has been serving as president of…