Shares Archives - Page 30 of 35

19 Mar

IIHL Targeting a Valuation of USD 50 billion by 2030: Chairman Ashok Hinduja

MFNewsBrands, Breaking News, Business, Mutual Funds, Shares

Acquisition of Reliance Capital, completing the three-year-long resolution process of the debt-ridden company Chandigarh: IndusInd International Holdings Chairman Ashok Hinduja said that with the acquisition of Reliance Capital, IndusInd International Holdings Ltd (IIHL) is targeting a valuation of USD 50 billion by 2030. He announced on Tuesday that the acquisition of Reliance Capital, completing the three-year-long resolution process of the debt-ridden company. IndusInd International Holdings Ltd (IIHL) has transferred the bid amount to the escrow account of the lender, and the takeover of the management from the Administrator will happen on Wednesday. Mauritius-based IIHL emerged as the successful suitor with…

19 Mar

Each of The Demerged Companies Has Potential to Grow into a $100 Billion Company: Vedanta Chairman Anil Agarwal

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Vedanta’s proposed demerger will create four independent natural resource-focused entities with management structures, capital frameworks, and strategic priorities Chandigarh: Vedanta Ltd. Chairman Anil Agarwal said that he envisions that each of the demerged companies has the potential to grow into a $100 billion company. In a letter to shareholders, Agarwal reaffirmed the company’s commitment to unlocking value and driving India’s natural resources sector. Vedanta’s proposed demerger will create four independent natural resource-focused entities with management structures, capital frameworks, and strategic priorities. Agarwal highlighted the need for pure-play businesses and how the proposed demerger will help Vedanta achieve this. He emphasized…

18 Mar

US Dollar Won’t Lose Its Crown Anytime Soon, Says NSE MD & CEO Ashish kumar Chauhan

MFNewsBusiness, Opinions, Shares, Technology, Travel

The rise of technology-driven capitalism, and the increasing complexities of global markets #USDOLLAR #NSEONUSDOLLAR #USDOLLARaCrown Chandigarh: Ashishkumar Chauhan, MD & CEO, NSE, reaffirmed the enduring dominance of the US dollar at a recent panel discussion in Singapore. He provided deep insights into the evolving financial landscape, the rise of technology-driven capitalism, and the increasing complexities of global markets. Chauhan redefined conventional perspectives on financial stability, asserting that volatility is not a weakness but an inherent feature of economic progress. He argued that market disruptions often result from geopolitical shifts rather than purely economic factors. “Geopolitics eats economics for breakfast,” he…

18 Mar

HIGH GOLD PRICES HOLDING YOU BACK? TANISHQ’S LATEST GOLD EXCHANGE OFFER UNLOCKS MAXIMUM VALUE FOR ITS CUSTOMERS

MFNewsBrands, Business, Opinions, Shares

The initiative offers a seamless, value-driven upgrade enabling customers to exchange old gold, regardless of its source, with no deduction for 22K and above Chandigarh: With gold prices at an all-time high, Tanishq, India’s largest jewellery retail brand from the House of Tata, presents its ‘Tanishq Gold Exchange Program’, offering customers an unparalleled opportunity to maximize the value of their gold. Whether it’s tiny, forgotten fragments tucked away in a locker or heirloom pieces collected over generations, Tanishq welcomes every piece—no matter how small—and transforms them into jewellery that reflects today’s aspirations. At the heart of Tanishq’s Gold Exchange Program…

18 Mar

CCI approves acquisition of Uprising Science Private Limited by Hindustan Unilever Limited

MFNewsBrands, Business, Opinions, Shares

The Competition Commission of India has approved acquisition of Uprising Science Private Limited by Hindustan Unilever Limited #HULTarget #CCIHULTarget Mumbai: The proposed transaction involves the acquisition by Hindustan Unilever Limited (Acquirer/HUL), of 90.5% shareholding of Uprising Science Private Limited (Target), with eventual acquisition of the remaining 9.5% shareholding of the Target in about two years from the completion date as per the terms set out in the Share Purchase & Subscription Agreement executed by and between HUL and the Target. The Acquirer is involved in the business of manufacture and sale of: (a) home care products; (b) beauty & personal…

18 Mar

RBI says IndusInd Bank stable

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Chandigarh: In a reassuring update for IndusInd Bank’s customers, the Reserve Bank of India (RBI) has confirmed that the bank’s financial health remains robust. RBI emphasized that there is no cause for depositors to be concerned, urging them to remain confident as the situation is being addressed swiftly. RBI also assured that the bank’s capital adequacy ratio, liquidity coverage ratio, and provision coverage ratio remain strong, indicating that the financial position of the bank continues to be stable. For depositors, this means that their funds remain secure. IndusInd Bank has a comfortable capital adequacy ratio of 16.46% and a solid…

17 Mar

The cumulative exports during April-Feb 24-25 is estimated at USD 750.53 Billion, growth of 6.24%

MFNewsBusiness, Opinions, Shares, Technology

#Indiaexports As compared to USD 706.43 Billion in April-February2023-24, an estimated growth of 6.24% New Delhi: India’s total exports (Merchandise and Services combined) for February2025* is estimated at USD 71.95 Billion, registering a positivegrowth of 3.16 percent vis-à-vis February2024.Total imports (Merchandise and Services combined) for February2025 is estimated at USD 67.52 Billion, registering a negative growth of (-)11.34 percent vis-à-vis February2024. The data for February2025 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-February2023-24 and April-September2024 has been revised on pro-rata basis using quarterly balance of payments data. India’s total exports during April-February2024-25*…

16 Mar

CPI inflation moderated to a 7-month low of 3.6% in February 2025, sharp decline in vegetable prices.

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Inflation and Economic Trends in India Core inflation crossed 4% for the first time in 14 months, reaching 4.08%. Industrial growth strengthened, with IIP expanding by 5.0% in January 2025, led by manufacturing and mining. Rural inflation remains higher than urban inflation, influenced by food price trends. Imported inflation surged, rising from 1.3% in June 2024 to 31.1% in February 2025, driven by rising prices of precious metals, oils, and fats. RBI expected to implement at least 75 basis points of rate cuts in 2025, with successive reductions anticipated in April and August. Corporate performance remains strong, with revenue, EBITDA,…

15 Mar

IndusInd bank is well-capitalised and the financial position of the bank satisfactory: RBI

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#IndusIndBank #RBIIndusIndBank The bank’s financial health remains stable and is being monitored closely by Reserve Bank Mumbai: There has been some speculation relating to IndusInd Bank Ltd. in certain quarters, perhaps arising from recent events related to the bank. The Reserve Bank would like to state that the bank is well-capitalised and the financial position of the bank remains satisfactory. As per auditor-reviewed financial results of the bank for the quarter ended December 31, 2024, the bank has maintained a comfortable Capital Adequacy Ratio of 16.46 per cent and Provision Coverage Ratio of 70.20 per cent. The Liquidity Coverage Ratio…

15 Mar

6G Spectrum Technology expected to be available by 2030 in India

MFNewsBrands, Business, Shares, Technology

Department of Telecom has facilitated setting up of 'Bharat 6G Alliance #6Ginindia #Bharat6GAlliance New Delhi: Currently, the 6G technology is under development phase at international level and is expected to be available by 2030. Hon'ble Prime Minister has released India's 6G vision "Bharat 6G Vision" document on March 23, 2023 which envisaged India to be a frontline contributor in design, development and deployment of 6G technology by 2030. Bharat 6G Vision is based on principles of affordability, sustainability and ubiquity. Also, Department of Telecom has facilitated setting up of 'Bharat 6G Alliance' which is an alliance of domestic industry, academia,…