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RUCHI SOYA : 29.25 Crores Pledged Shares Released (98.87%)

Now No pledge remains




CAPEX: Welspun India to invest Rs 800 cr on capacity enhancement over next 2 years

~company is expected to invest Rs 656.5 crore for the aforesaid expansion over FY'22 and FY'23.

~The benefits of these expansions will start accruing in phases from Q1 FY'23 onwards.

~This expansion has a revenue potential of Rs 1,207 crore from the second year of operation.

~The board of the wholly-owned subsidiary company, Welspun Flooring Ltd, at its meeting held on September 18, 2021, approved capex of Rs 143.6 crore to be invested over FY22 and FY23


There are no perfect entries:

Breakouts may fail 💔
Pullbacks may never come 🚀
Confirmation may be too late 💤
Pullbacks may become a reversal 😰

But the good news is this, you don't need perfect entries to make it as a trader. 😀

#priceaction


Serum Institute expects tie-up with Biocon to yield ‘synergistic benefits’


Commodity: Gold plunges Rs 491; silver tumbles to Rs 61,541


Top 5 F&O Stock Gainers from last One Month

~ Vodafone Idea - 93%
~ IEX - 47%
~ IRCTC - 45%
~ Zee Entertainment - 43%
~ Mindtree - 39%





Top 5 F&O Stock Losers from last One Month

~ AU Small Fin - 17%
~ NMDC - 12%
~ SAIL - 11%
~ Gujarat Gas - 9%
~ JSW Steel - 8%


Divestment: The board of directors of IDFC and IDFC Financial Holding approved to initiate steps to divest its mutual fund business.


HLE Glascoat to acquire the global business of Thaletec GmbH

• Revenue of the acquired entity was Euro 26 million in 2020
• Thaletec, a market leader in manufacturing of specialized glass lined reactors and
process equipment, to retain its brand identity and remain a separate entity post
acquisition
• This acquisition is expected to be earnings accretive to the shareholders of HLE
Glascoat


Orchid Pharma inform that Orchid Pharma Limited (“the Company”) has transferred the Formulations business (IKKT) at lrungattukottai, Chennai by way of a stump sale on a going concern basis to M/s. OrBion. Pharmaceuticals Private Limited (“OPPL”) as contemplated in the Business Transfer Agreement ("BTA") dated July 21, 2024.

In This collaboration, Bionpharma Health iNC holds 74% and the Company holds 26% of the equity share capital of M/s. OrBion Pharmaceuticals Private Limited.


First EOI for long term contract to supply ethanol received 197 bidders: Oil Ministry


SHREE Ganesh Remedies Ltd: Recommended issue of bonus equity shares in the proportion of 1:5


ACQUISITION: KEC International Limited has today entered into a definitive agreement to acquire 100% equity shares of Spur Infrastructure Private Limited, an Ahmedabad based EPC company engaged in setting up of cross country oil & gas pipelines and city gas distribution networks.

~The acquisition is expected to be completed within 60 days from the date of agreement subject to fulfilment of closing conditions of the said agreement.


FMCG: Household products are getting expensive on the back of rising raw material prices. After HUL hiked prices of detergents and soaps, sources said Dabur has hiked the price of hair oils across brands by anywhere between 2.3-7.5% in the past 1-2 months.

~retail sales in August recover to 88% pre-COVID levels


Appointment: Veteran journalist Sanjay Pugalia, who stepped down as president of #Quint Digital Media Ltd earlier this week, has been appointed by Adani Enterprises as chief executive officer & editor-in-chief to lead the Group’s media related initiatives.


Demerger: Shipping Corporation of India's scheme for demerger of non-core assets approved


CCI probe finds Google guilty of anti-competitive practices in mobile os market

The Competition Commission of India's (CCI) investigation arm has accused Google of anti-competitive and restrictive trade in the smartphone operating system and related markets, in what could be a damaging assessment against the US tech giant, following a two-year probe.


TCS to invest Rs-690cr in Innovation Park in Kochi

In a big boost to the Kerala government's bid to attract investment, leading IT services provider Tata Consultancy Services (TCS) has agreed to invest Rs 690 crore to set up an Innovation Park in Kochi. The state government has allotted 36.84 acres of land to TCS Ltd for setting up unit in KINFRA Electronics Manufacturing Cluster, Kakkanad, Kochi.


📊 Paras Defence IPO: Details that you should know 📊

📮 The 170.78 crore public issue is going to open on 21-September-2021. It will remain open for bidding till 23-September-2021. The price band has been fixed at 165 to 175/eequity share. The grey market has already gone bullish over the defence share listing at Indian bourses. Paras Defence shares are available at premium of 250 in the grey market.

📈 📉



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