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01 Aug 2024 07:08

#Toyota Kirloskar Motor announced plans to establish a new manufacturing facility in Maharashtra, with an investment estimated at approximately ₹20,000 crore.

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01 Aug 2024 03:23

True investment success comes from the ability to balance conviction with flexibility, knowing when to hold on and when to let go.

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31 Jul 2024 14:22

The government is currently reviewing proposals aimed at mitigating the impact of indexation removal on the real estate sector:CNBC TV18

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31 Jul 2024 08:41

#L&T has secured an order worth between ₹1,000-2,500 crore for the construction of an automobile plant.

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31 Jul 2024 06:51

#Vivo has produced 50 million smartphones in India over approximately nine years and has invested Rs 3,500 crore over the past decade.

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30 Jul 2024 17:19

India's competition regulator has granted approval for the amalgamation of Mangalore Chemicals & Fertilizers (MCFL) with Paradeep Phosphates.

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30 Jul 2024 13:41

The #SEBI Chair announced that a discussion paper focusing on measures to restrict derivatives trading will be released either today or tomorrow.

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30 Jul 2024 10:11

Greaves Cotton has qualified for the EMPS scheme, with approval expected soon. Last year, the company refunded FAME II subsidies. Now, the Ministry is permitting them to benefit under the EMPS scheme.

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30 Jul 2024 09:00

#HPCL

Net profit stands at ₹355.8 crore, reflecting an 87.5% sequential decline, significantly missing the projected ₹1,272 crore.

Revenue reached ₹1.14 lakh crore, surpassing the estimated ₹1.05 lakh crore, but remained flat compared to the previous quarter.

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30 Jul 2024 06:12

#UltraTechCement confirms there are no plans to delist IndiaCements following its acquisition.

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30 Jul 2024 03:23

The strength of an investor is measured by their ability to remain disciplined when the market tempts them to deviate from their plan.

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29 Jul 2024 12:43

Key Points of the Acquisition:

- Deal Valuation: UltraTech Cement, a part of the Aditya Birla Group, will purchase the Chennai-based company’s shares at ₹390 each, totaling ₹3,954 crore. This follows their June acquisition of a 23% stake from billionaire Radhakishan Damani, totaling a 55.7% stake in India Cements.

- Regulatory Approval: If the acquisition is approved by regulators, UltraTech’s market share in the cement sector, particularly in Tamil Nadu where it had limited presence, will significantly expand.

- Market Impact: The acquisition could potentially trigger an open offer for more shares from public shareholders, as UltraTech aims to acquire an extra 26% stake due to India’s takeover norms.

Aditya Birla Group Cement’s Leadership Position:

With the acquisition, UltraTech will bolster its installed capacity to 153 million tonnes, positioning it as the leader in the Indian cement market. The Aditya Birla Group targets reaching a 200 million tonne capacity by 2027, maintaining a substantial lead over its competitors.

Competitors’ Capacities:

- Ambuja-ACC: 89 million tonnes
- Shree Cement: 50 million tonnes
- Dalmia Bharat: 46 million tonnes
- J K Cement: 22 million tonnes

Strategic Expansion:

UltraTech’s expansion includes additional capacity in Telangana, Andhra Pradesh, and Rajasthan. The company currently operates 23 integrated units and is poised to increase its presence in southern India.

Leadership and Transition:

Post-acquisition, India Cements will become a subsidiary of UltraTech, and N Srinivasan, along with his family, will step down from the board. Srinivasan, who has been with India Cements since 1989, will leave behind a restructured organization facing challenges such as high debt and modernization needs.

Financial Implications:

India Cements has reported revenue of ₹5,369 crore in the last financial year. UltraTech's acquisition follows the significant share purchase from Radhakishan Damani and aims to strengthen its foothold in the growing southern market, particularly in Tamil Nadu.

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29 Jul 2024 10:37

Royal Enfield has experienced a drop in sales, particularly affecting key models like the Classic 350 and Hunter 350.

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29 Jul 2024 06:21

Narayana Murthy says that China has firmly established itself as the world's factory, with approximately 90% of supermarket and home depot products being made there.

With a GDP six times larger than India's, he suggests it is overly ambitious to claim that India will overtake China as the leading manufacturing hub.

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29 Jul 2024 03:23

The wisdom of investing is recognizing that the best decisions are often the hardest to make and the easiest to delay.

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01 Aug 2024 07:07

#TataSteel reports a net profit of ₹919 crore, marking a 75% increase compared to the same period last year.

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31 Jul 2024 16:46

Infosys has received a record-breaking GST notice, accusing the company of alleged tax evasion amounting to Rs 32,000 crore.😳

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31 Jul 2024 12:38

🚨Hatsun Agro Product Limited: R G Chandramogan, a promoter of Hatsun Agro Product Limited, has revoked the pledge on 63.727 lakh shares, valued at Rs. 759.217 crore (Rs. 1191.35 per share) through a pledge revocation process.

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31 Jul 2024 06:55

#Tanla Platforms Limited announced that its wholly-owned subsidiary, Tanla Digital Labs Private Limited, has been granted two new patents by the USPTO.

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31 Jul 2024 03:23

The most valuable asset an investor can possess is not a stock, but a strategy that withstands the test of time and emotion.

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30 Jul 2024 14:48

#VarunBeverages reports a Q1 consolidated net profit of 12.5 billion rupees, up from 9.94 billion rupees year-on-year.

Beats YoY and QoQ

Additionally, Varun Beverages has approved the subdivision of equity shares, dividing each Rs 5 share into two shares.

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30 Jul 2024 11:43

🚨Birlasoft Limited

Sunil Bhalchandra Pandkar, an employee of Birlasoft Limited, has acquired 11,000 shares valued at Rs. 45.611 lakhs, equating to Rs. 414.65 per share, via the Employee Stock Option Plan (ESOP).

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30 Jul 2024 09:01

#ITDCementationIndia has secured a new contract valued at ₹1,237 crore for the construction of a residential colony in New Delhi.

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30 Jul 2024 07:21

Adani Group's $4 Billion PVC Project Set for 2026

The Adani Group aims to complete the initial phase of a $4 billion PVC project by December 2026, targeting the supply-demand imbalance in India's PVC market. Located within a petrochemical hub in Mundra, Gujarat, the project is expected to achieve a total annual production capacity of 2 million tonnes.

After facing financial difficulties and fraud allegations, Adani secured significant equity and debt, redirecting efforts towards core initiatives with funding from an SBI-led consortium.

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30 Jul 2024 06:11

#SonaBLW gets certification for two products, including the Hub Wheel Integrated Motor designed for electric two-wheelers.

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29 Jul 2024 15:35

- MapMyIndia has issued a legal notice to Ola Electric, alleging data infringement.
- The notice claims that Ola Electric violated a 2021 license agreement.
- In 2022, Ola Electric integrated MapMyIndia's navigation services into its S1 Pro electric scooter.
- According to MapMyIndia, Ola Electric was restricted from combining the licensed product with competing products or engaging in reverse engineering.
- Earlier this month, Ola introduced Ola Maps as a competitor to Google Maps and MapMyIndia.

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29 Jul 2024 11:04

Adani Wilmar Ltd (AWL) has reported exceptionally strong results for Q1 FY25. 🔥🔥🔥

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29 Jul 2024 09:22

#TataMotors plans to transform Tamil Nadu into a key export hub for EVs from Jaguar Land Rover (JLR).

The company is set to lay the foundation stone for the Rs 9,000 crore project by September, keeping its roadmap on track.

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29 Jul 2024 04:31

The Indian government has dedicated ₹50,475 crore to Andhra Pradesh for FY2024-25, representing roughly 4% of the country's budget.

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28 Jul 2024 15:36

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