A fall in SGX Nifty50 futures indicated a negative opening for the Indian benchmark index on Thursday. As of 7:10 am, the contract was down 0.7 per cent at 17,744.5 points.
zee entertainment
Zee’s largest shareholder Invesco Developing Market Funds on Thursday decided to sell 7.8 per cent stake in the company through a block deal. After the sale, Invesco will have about 11 percent of Zee left. Invesco will sell 74 million shares worth Rs 2,200 crore through a block deal in the range of Rs 270-290 per share. Kotak Mahindra Capital will manage the stake sale.
Titan
The company’s jewelery revenue declined 4 per cent year-on-year in the March quarter, but watches and wearables revenue grew 12 per cent during the period. Its iCare revenue was up 5 per cent. The company added a total of 105 stores in January-March.
Maruti Suzuki India
The carmaker has announced a voluntary withdrawal of 19,731 units of its EECO model. The recall is being done to inspect and rectify “incorrect marking of wheel rim size”, if any, on the wheel in some vehicles. The issue has no impact on performance, safety or the environment, it said.
HDFC bank
The lender proposes to raise funds by issuing perpetual debt instruments (part of additional Tier I capital), Tier II capital bonds and long term bonds (financing of infrastructure and affordable housing) over a period of next 12 months, up to an aggregate amount of Rs 50,000 crore Is. Through private placement mode. It has informed BSE that the meeting of its Board of Directors is scheduled for April 16.
Bandhan Bank
The bank’s parent Bandhan Financial Holdings, a consortium of private equity firm Chris Capital and Singapore-based sovereign fund GIC, will acquire IDFC Asset Management Company Ltd for Rs 4,500 crore, the largest ever in India’s Rs 38 trillion asset management industry. Big purchase.
Godrej Consumer Products
The company expects close to double-digit sales growth in India in Q4FY22. In Godrej Africa, the Americas and the Middle East, it continued its growth momentum in most of the major countries of operations and expects to deliver constant currency sales growth near the mid-teens.
Union Bank of India
Executive Director Nitesh Ranjan said on Wednesday that the public sector lender will invest Rs 1,000 crore in upgrading its information technology (IT) platforms in the current financial year, as it seeks to generate revenue from digital channels and save costs.
DCB Bank
The private lender said on Wednesday that the RBI has approved the reappointment of MD and CEO Murali M Natarajan for a period of two years. Starting from 29th April 2022.
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