Business News

UltraTech BoD approved more 32.72% acquisition of India Cement | Both Stock to Watch

2024-07-282024-07-28 by Vivek Sharma

UltraTech Cement Limited, Board of Directors approved the acquisition of a 32.72% equity stake in India Cements Limited from the promoters and their associates. This is in addition to their earlier purchase of a 22.77% stake in June 2024. The acquisition, valued at Rs 3954 crores for the 32.72% equity at Rs 390 per share, Read more: UltraTech BoD approved more 32.72% acquisition of India Cement | Both Stock to Watch..

ICICI Bank Q1 FY25 reports Net profit rose 14.6% and 64 new branches started

2024-07-272024-07-27 by Vivek Sharma

ICICI Bank Q1 FY25 results showcased a strong performance with a significant rise in net profit, primarily fueled by growth in advances and deposits. The bank’s Net Profit increased by 14.6% year-on-year (YoY) to ₹11,059 crore and the Net Interest Income (NII) rose by 7.3% YoY to ₹19,553 crore. The most important network expansion and Read more: ICICI Bank Q1 FY25 reports Net profit rose 14.6% and 64 new branches started..

NCLT listed hearing on August 01, for Disney’s Star India and Viacom18 merger plea

2024-07-27 by Vivek Sharma

The National Company Law Tribunal (NCLT) Mumbai has listed the final hearing for the merger plea of Disney’s Star India and Reliance’s Viacom18 on August 1st. The NCLT has ordered a final hearing on August 1st to decide whether to sanction the merger scheme between Star India and Viacom18. Both parties have been asked to Read more: NCLT listed hearing on August 01, for Disney’s Star India and Viacom18 merger plea..