📰 Latest Economy & Stock Market News
This Rakesh Jhunjhunwala stock is a potential acquisition target. Time to buy?
Updated at : 2021-11-03 10:20:01

"We believe tractor (industry) volumes would decline in H2 FY22, and there will be a similar trend for Escorts," said Anand Rathi, while recommending a sell on the stock with a target of Rs 1,377.

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Buy Oberoi Realty, target price Rs 1070: Yes Securities
Updated at : 2021-11-03 09:20:01

Oberoi Realty Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 35342.14 Crore) operating in Real Estate sector.

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IL&FS gets NCLT nod to sell stake in 3 group cos including power, toll road, offshore entity
Updated at : 2021-11-03 08:20:02

Once all these three stake sale transactions are concluded, IL&FS will be able to resolve debt of around Rs 2,800 crore.

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Spark Minda Group buys Stoneridge JV stake, eyes more acquisitions with $100 million investment plan
Updated at : 2021-11-03 08:20:02

Meanwhile, Minda Corporation reported a 51 per cent jump in consolidated net profit to Rs 39.06 crore for the second quarter ended September 30, mainly driven by demand recovery.

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Google India's profit rose 38% to Rs 808 crore in FY21
Updated at : 2021-11-03 08:20:02

Google India primarily earns revenue through providing IT and IT-enabled services to the parent entity’s global businesses and as a reseller for Google Adwords.

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NCLT penalises Writer Business for refusing services to Cox & Kings
Updated at : 2021-11-03 08:20:02

The travel company’s RP had approached the tribunal with the complaint that Writer Business Services had blocked access to the record management service by refusing to provide the list of businesses and information of the Cox & Kings that are stored by it. The RP had also claimed in its plea that the service provider had refused to provide record retrieval services until the company makes payment as 100% advance.

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Kia turns PAT-positive in 3rd year of India journey
Updated at : 2021-11-03 08:20:02

Kia India registered profit after tax of Rs 1,111 crore for the year ended March 2021 against a loss of Rs 329 crore in FY20, according to the company filing with the corporate affairs ministry (MCA) shared with ET by business information platform Tofler.

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Tata is making more money per car than Maruti for the 1st time in a decade
Updated at : 2021-11-03 08:20:02

Until last year, you could have answered that off the bat. Not any longer as TaMo, among the biggest gainers in the automotive pack this year, now makes more per vehicle in a market where one out of every two cars still sports the Suzuki badge.

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Sun Pharma eyes acquisitions in US, Europe and emerging markets
Updated at : 2021-11-03 08:20:02

With a market share of 8.1% as per market research firm AIOCD-AWACS in September 2021, Sun Pharma has the highest share in the domestic pharmaceutical market.

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SAMHI Hotels in talks to raise ₹1,000 crore from Cerberus Capital
Updated at : 2021-11-03 08:20:02

The expected proceeds will be used to repay existing loans. The funding will be through a mix of non-convertible debentures and optionally convertible debentures with a tenure of 3-5 years, said one of the people.

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