[ad_1] Diversified conglomerate ITC Ltd on Thursday announced that it will acquire Sresta Natural Bioproducts Pvt Ltd (SNBPL), the company behind the 24 Mantra Organic brand, for Rs 472.50 crore, in a move to strengthen its presence in the high-growth organic packaged foods space.According to a regulatory filing, ITC has signed a share purchase agreement…
[ad_1] Indian stock markets will remain closed on Friday, April 18, 2025, on account of Good Friday, a national holiday observed in several parts of the country. Both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will suspend all trading activity for the day.The closure will apply across all segments including equities,…
[ad_1] The head of the International Monetary Fund (IMF) said Thursday that the world economy is likely to avoid a recession despite mounting global trade tensions sparked by US President Donald Trump’s sweeping tariffs. However, the cost of these trade disruptions will be significant, IMF Managing Director Kristalina Georgieva warned.Speaking to reporters in Washington ahead…
[ad_1] US stocks opened mixed as investors cautiously returned to tech and growth stocks, while healthcare weighed heavily on the broader market as global financial markets remained volatile on Thursday.Investors assessed a mix of corporate earnings, central bank signals, and geopolitical developments. While some sectors showed signs of recovery, others continued to feel pressure amid…
[ad_1] Infosys, India’s second-largest IT services firm, on Thursday reported a 11.7 per cent year-on-year drop in consolidated net profit for the March quarter, which stood at Rs 7,033 crore.In the corresponding period last year, the company had posted a profit of Rs 7,969 crore.Despite the decline in quarterly profit, Infosys surpassed its full-year revenue…
[ad_1] US investors may reportedly be forced to divest approximately $800 billion of Chinese equities “in an extreme scenario” if financial separation occurs between the world’s largest economies, according to Goldman Sachs Group Inc.Presently, US institutions hold roughly 7% of Chinese companies’ American Depositary Receipts (ADRs) market capitalisation, with limited Hong Kong trading capabilities. Goldman…
[ad_1] Ashneer Grover (File photo) Ashneer Grover, co-founder of BharatPe and a personal investor in BluSmart, has spoken out following the Sebi crackdown on Gensol Engineering and the sudden suspension of operations by EV cab service provider, calling himself a “victim” of the situation.Grover revealed that he had invested Rs 1.5 crore in BluSmart and…
[ad_1] US Wall Street experienced a significant sell-off on Wednesday, accompanied by a declining dollar, following pessimistic remarks from Federal Reserve Chair Jerome Powell and concerns over semiconductor company Nvidia. The market atmosphere shifted from its previous stability, prompting investors to seek refuge in gold, which surpassed $3,300 per ounce.Despite positive retail sales figures, US…
[ad_1] NEW DELHI: Markets opened at a slight low on Thursday after being on an upward trend for the week. Sensex opened with a plunge of 76.27 points at 76,968.02 while Nifty was also down at 23,401.85. the markets plunged further soon after opening with Sensex by over 300 points at 76,675.62 while Nifty plunged…
[ad_1] MUMBAI: The actions of two promoters of once high-flying Gensol Engineering is a case study in complete disregard for laid down corporate governance norms. Their deeds included illegal fund diversion for personal enrichment, stock price manipulation, forgery of ‘no default’ letters from lenders like IREDA and PFC to falsely project there was no default…
