Indian Market

BAT Plans to Exit ITC Hotels Stake at Optimal Time to Maximise Returns

/ Indian Market /

British American Tobacco (BAT), the largest shareholder of India’s leading cigarette manufacturer ITC Ltd, has announced plans to divest its stake in ITC Hotels by 2026. The decision is part of BAT’s broader strategy to focus on its core business and maximise shareholder value. BAT’s CEO, Tadeu Marroco, stated in a post-earnings call that the […]

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Volvo Group to Invest ₹1,400 Crore in Karnataka for New International Manufacturing Hub

Volvo Group to Invest ₹1,400 Crore in Karnataka for New International Manufacturing Hub

/ Indian Market /

Volvo Group has announced an investment of ₹1,400 crore to expand its manufacturing operations in Karnataka. The company signed a Memorandum of Understanding (MoU) with the Karnataka government on February 13 to establish its fourth international manufacturing hub in Hosakote, Bengaluru. The agreement was inked in Chief Minister Siddaramaiah’s official residence, ‘Cauvery,’ in the presence

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Vodafone Idea Shares Surge 7% on ₹10,000 Crore Expansion Plan

Vodafone Idea Shares Surge 7% on ₹10,000 Crore Expansion Plan

/ Indian Market /

Shares of Vodafone Idea rebounded sharply on February 13, climbing 7% to ₹8.99, as investors cheered the telecom company’s plans for a ₹10,000 crore network expansion by the end of March. The positive management outlook helped reverse a three-day losing streak in the stock. The Aditya Birla Group-backed telecom operator has already spent ₹5,300 crore

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Natco Pharma Shares Slump 18.5% Amid Disappointing Q3 Earnings

Natco Pharma Shares Slump 18.5% Amid Disappointing Q3 Earnings

/ Indian Market /

Natco Pharma’s stock took a severe hit on February 13, plunging 18.5% as investors reacted negatively to the company’s weak Q3 earnings report. The pharmaceutical firm reported a 38% drop in net profit, which stood at ₹132.4 crore for the quarter, compared to ₹212.7 crore in the same period last year. Revenue also declined significantly

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HAL Q3 Net Profit Jumps 14% to ₹1,440 Crore, Announces ₹25 Dividend

HAL Q3 Net Profit Jumps 14% to ₹1,440 Crore, Announces ₹25 Dividend

/ Indian Market /

Hindustan Aeronautics Ltd (HAL) has posted a 14% rise in consolidated net profit at ₹1,440 crore for the quarter ended December 31, 2024. The defence PSU had posted a net profit of ₹1,261 crore in the corresponding quarter of the previous year. The company’s operational revenue increased 15% to ₹6,957 crore in Q3 FY25, compared

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No Change in STCG and LTCG Tax Rates in New Income Tax Bill:

No Change in STCG and LTCG Tax Rates in New Income Tax Bill: CNBC-Awaaz Report

/ Indian Market /

There will be no changes in short-term capital gains (STCG) and long-term capital gains (LTCG) in the upcoming Income Tax Bill, according to a report by CNBC-Awaaz on February 12. The Central Board of Direct Taxes (CBDT) had formed an internal committee to examine the Income Tax Act for simplifying the law, reducing disputes, and

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TVS Motor to Invest ₹2,000 Crore in Karnataka, Set Up Global Capability Centre

TVS Motor to Invest ₹2,000 Crore in Karnataka, Set Up Global Capability Centre

/ Indian Market /

TVS Motor has signed an agreement with the Karnataka government to invest ₹2,000 crore over the next five years. The investment will be used to establish a Global Capability Centre (GCC) in Karnataka and expand its existing operations in Mysuru. A GCC is a specialized unit that manages IT and business functions of an organization.

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Ken Enterprises Shares List at Discount on NSE Emerge, Fall 10% Below IPO Price

Ken Enterprises Shares List at Discount on NSE Emerge, Fall 10% Below IPO Price

/ Indian Market /

Ken Enterprises made a weak stock market debut on February 12, listing at a discount of 9.57 percent to its issue price on the NSE Emerge platform. The Maharashtra-based textile company that provides design-to-delivery solutions for fabrics started trading at ₹85 a share, compared to its IPO price of ₹94 a share. The company, which

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Sensex, Nifty Fall for 5th Straight Session; India VIX Jumps 5%, Broader Markets Sink

Sensex, Nifty Fall for 5th Straight Session; India VIX Jumps 5%, Broader Markets Sink

/ Indian Market /

Indian share markets continued their losing streak for the fifth consecutive session as Sensex and Nifty 50 declined 1.5 percent on February 11. The sell-off was triggered by a combination of Donald Trump’s fresh tariff actions, a weakening rupee, disappointing Q3 earnings, and ongoing foreign investor outflows. At 2:40 PM, the Sensex was down 1,192

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Apollo Hospitals to Launch Three New Facilities in FY26, Expands Healthcare Network

Apollo Hospitals to Launch Three New Facilities in FY26, Expands Healthcare Network

/ Indian Market /

Apollo Hospitals is set to expand its flagship hospital business with the launch of three new facilities in Kolkata, Delhi, and Pune in FY26, with operations expected to begin before Q3 or early Q4 of the financial year. This was announced by Managing Director Suneeta Reddy during the company’s post-earnings investor call. Apart from these

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