BUSINESS
India Cements logs Q1 loss of Rs 75 crore, to modernise and monetise assets
Speaking to reporters, Vice Chairman and Managing Director N.Srinivasan noted that the company requires about Rs 400 crore (Rs 250 crore for capital expenditure and Rs 150 crore for working capital) and about Rs100 crore will be raised in two weeks towards working capital.
Price of tomatoes, chilli heated up veg and non-veg thalis by 34%, 13% in July
According to the report, in July, the cost of cooking a vegetarian thali at home stood at Rs 33.7 (June rate Rs 26.3) whereas the cost of non-vegetarian home meal was at Rs 66.8 (June rate Rs 60). According to CRISIL, a vegetarian thali comprises roti, vegetables (onion, tomato, and potato), rice, dal, curd, and salad. For a non-vegetarian thali, chicken has been considered instead of dal.
SEBI to tighten disclosure norms for conglomerates
In the ensuing year, SEBI plans to review the pricing mechanism in case of delisting. In particular, review of the reverse book building process and exploring other alternatives to determine exit price in case of voluntary delisting would be undertaken.
Sharp dip in US 10-yr bond yield can once again favour renewed FPI buying
Cues from the US market are favourable; particularly the sharp 14bp dip in the US 10-year bond yield last Friday can once again favour renewed FPI buying, he added. Latest data from the US indicate a slight cooling of the economy but the labour market continues to be strong. Markets will be keenly watching the July CPI print for clues on the Fed decision in August.
Nifty closed higher for 5th straight month in July
The index oscillated 757 points before closing at 565 points (or 2.9 per cent) higher month on month at 19,754. The Nifty is up 9.1 per cent in the calendar year to date, a report by Motilal Oswal Financial Services said. Midcaps/Smallcaps outperformed large The Nifty closed higher for the fifth straight month in July'23.
Enterprise skilling company Disprz raises $30 mn to expand footprint
“We have built one of the world’s early skill-based learning platforms, and over the last 8 years have innovated in several aspects, like proving tangible performance improvements through data-led learning,” said Subbu Viswanathan, Co-founder and CEO of Disprz.
Antfin (Netherlands) cuts 10.3% shareholding in Paytm by transferring shares to Paytm Founder & CEO
As per an exchange filing, Vijay Shekhar Sharma, Founder and CEO of One 97 Communications Limited (Paytm), and Antfin (Netherlands) Holding BV (Antfin) announced execution of an agreement for 10.3 per cent stake in the company. Resilient, an overseas entity 100 per cent owned by Sharma, will acquire 10.30 per cent stake in Paytm from Antfin through an off-market transfer.
iPhone 16 Pro models may feature stacked camera sensor design: Report
According to Apple industry analyst Ming-Chi Kuo, two iPhone 16 Pro models will adopt a stacked CIS (CMOS Image Sensor) design. The camera's stacked CIS design lets it capture more light, have a wider dynamic range, and perform better in low-light circumstances.
Jeff Bezos, Lauren Sanchez not 'planning the wedding yet': Report
Earlier this week, both hosted another engagement party. Among those who attended the star-studded affair were Microsoft co-founder Bill Gates and his rumoured girlfriend, Paula Hurd, reports Page Six.
RIL’s contribution to national exchequer crosses Rs 5 triliion in last three years
The company continues to be the largest taxpayer in India, contributing Rs 1,77,173 crore to the national exchequer by way of various direct and indirect taxes, mentioned the annual report.
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