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NSE share market NEWS tomorrow (04 January, 2024). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (04 January, 2024). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 04 January 2024

Macrotech Developers was amongst the top gainers, currently trading at 1097.10 in NSE with 7.102 times change in volumes and 9.267% change in price. Other gainers included Godrej Properties with 7.981% price change and 5.835 times volumes, Prestige Estates with 7.717% price change and 2.631 times volumes, Torrent Power with 7.445% price change and 31.886 times volumes, and Max Healthcare with 6.781% price change and 2.556 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.

Mankind Pharma was amongst the top losers, currently trading at 2074.05 in NSE with 1.314 times change in volumes and -3.781% change in price. Other losers included Bharat Petroleum with -1.822% price change and 1.189 times volumes, Ltimindtree with -1.588% price change and 1.467 times volumes, Hindustan Petroleum with -1.517% price change and 0.591 times volumes, and Dr Reddy with -1.512% price change and 1.451 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.

Other stocks which made news headlines today and can be traded tomorrow are below.

NHPC pledges to invest Rs 4k cr in 750 MW Kuppa hydro storage project. NHPC has inked an initial pact to invest Rs 4,000 crore in 750 MW Kuppa Pumped Hydro Storage Project at Chhota Udaipur in Gujarat. Taking a step towards clean and green energy, NHPC signed a Memorandum of Understanding (MoU) with Gujarat Power Corporation

Adani Ports to tap bond market for first time in more than two years. Both of Adani Ports's bonds have an issue size of 2.5 billion rupees. The company will offer a coupon of 8.70% on the bonds maturing in five years and an 8.80% coupon on the bonds maturing in 10 years

Zomato begins liquidation of its Vietnam-based step-down subsidiary. Zomato's revenue from operations rose 71 per cent year-on-year (Y-o-Y) to Rs 2,848 crore in Q2, up from Rs 1,661 a year ago. It had reported a revenue of Rs 2,416 in the previous quarter

Reliance Jio gained 3.15 mn users in October; Vi lost 2.04 mn: Trai. Bharti Airtel, the second-largest player in the market, saw its subscriber count increase by 0.35 million, much lower than the 1.32 million users the company added in September

Lupin gets USFDA approval to market generic medication to treat diabetes. Drug firm Lupin on Thursday said it has received approval from the US health regulator to market a generic medication to treat diabetes. The company has received approval from the US Food and Drug Administration (USFDA) for its abbreviated new drug applica

Dabur India sees sequential improvement in demand in December quarter. The demand trends witnessed "sequential improvement" in the December quarter, although rural growth was still lagging urban growth, according to homegrown FMCG major Dabur India. In its latest quarterly updates, early signs of revival in consumption are vi

Sanstar files IPO papers with market regulator Sebi to raise funds. Plant-based speciality products company Sanstar Ltd has filed its draft papers with capital markets regulator Sebi to raise Rs 425-500 crore through an initial public offering. The total size of the Initial Public Offering (IPO) is up to 4.80 crore equity

RECPDCL inks pact with Guj for smart metering projects worth Rs 2,094 crore. REC Power Development and Consultancy Ltd (RECPDCL), a wholly-owned subsidiary of REC, has inked an initial pact with the Gujarat government for implementing smart metering projects worth Rs 2,094.28 crore. The project is to be implemented in Paschim Guja

Grasim Industries rights issue price fixed at Rs 1,812 per share. The company has decided on a rights entitlement ratio of six shares for every 179 fully paid-up equity shares held by the eligible equity shareholders as of the record date

Swan Energy takes management control of Reliance Naval & Engineering. Swan Energy on Thursday said it has formally taken the management control of Reliance Naval & Engineering. The company had emerged as the winning bidder under an insolvency resolution process. The National Company Law Tribunal-appointed monitoring committe

NARCL MD & CEO Natarajan Sundar quits, Canara Bank CGM on deputation. Sundar was with State Bank of India before taking charge at NARCL

Toys to have major share in Walmart's bn Indian exports target: DPIIT. US-based retail giant Walmart is targeting to increase its exports from India to USD 10 billion annually and domestic toys will account for a significant portion of the total exports, a senior government official said on Thursday. Joint Secretary in the De

VIL to seek reversal of Rs 10.7 cr penalty order received under CGST Act. Vodafone Idea on Thursday said that it has received an order under the Central Goods and Services Tax Act, 2017, entailing a penalty of Rs 10.76 crore. The troubled telco further said it will seek rectification and reversal of the order, as it does not agr

Qualcomm unveils chip for mixed reality to compete with Apple's Vision Pro. The San Diego-based chipmaker said the new component, which can run 12 or more high-definition cameras, will be used by Samsung Electronics Co. and Alphabet Inc.'s Google on products under development

I-T dept raids realty players including Bhutani Infra, Logix in Noida. The Income-Tax department on Thursday searched major real estate groups based in Noida, Uttar Pradesh as part of a tax evasion investigation against them, official sources said. The premises of realty groups like Bhutani Infra, Group 108, Logix and some ot

Torrent Power to invest Rs 47,000 cr in renewable energy in Gujarat. Torrent Power has inked four initial pacts with the Gujarat government to invest Rs 47,350 crore in renewable energy, green hydrogen and electricity distribution. Torrent Power Ltd, the integrated power utility of the diversified Torrent Group, has signed

Poonawalla Fincorp's AUM rises 57% to around Rs 21,850 cr in Q3FY24. Sequentially, Poonawalla Fincorp's AUM expanded by 8 per cent over in the second quarter ended September 2023

Bajaj Finance's AUM post 35% growth, cross Rs 3 trn mark in Dec 2023. In Q3FY24, the company's AUM improved by nearly Rs 20,700 crore

AU Small Finance Bank's advances rise 20% to Rs 67,624 cr in Q3FY24. According to the exchange filing, advances rose by 4 per cent sequentially from Rs 65,029 crore

SBI likely to issue perpetual bonds to wrap up FY borrowing: Report. Merchant bankers said the lender may have to pay a higher coupon as they are looking to raise a larger quantum this time

State-owned PFC commits Rs 25,000 cr for power sector projects in Gujarat. State-owned Power Finance Corporation has inked an initial pact with the Gujarat government to provide comprehensive financial backing for the state's generation, transmission, and distribution projects. Power Finance Corporation (PFC) signed an MoU with t

IndiGo waives fuel surcharge on domestic, and international flights. IndiGo's fuel charges ranged from Rs 300 to Rs 1,000 per ticket based on distance travelled

Airtel loses 1.2 million users, Jio gains 1.84 million in October: Trai. Trai data suggests that Airtel's market share was flat at 32.85 per cent in October and Jio's share rose to 39.30 per cent

Central Bank of India's gross advances rise to Rs 2.4 trn, up 14.91% Y-o-Y. The bank also registered an increase in the rate of deposit growth at 9.52% (Y-o-Y). While its deposit base stood at Rs 3.4 trillion in Q3FY23, it expanded to 3.7 trillion in Q3FY24

Burmans' misleading information about chairperson far from truth: Religare. Religare Enterprises Ltd (REL) on Thursday launched an attack on Burmans saying recent misleading information shared in the public domain by them is not only far from the truth but can best be described as false claims without evidence. The Burman family o

Reliance, Disney start antitrust diligence on India media merger: Report. Reliance has appointed Indian law firm Khaitan & Co and Shardul Amarchand Mangaldas, while Disney has roped in AZB & Partners, the people said

IndiGo withdraws fuel charge; airfares to reduce by up to Rs 1,000. The country's largest airline IndiGo on Thursday announced the withdrawal of fuel charge that was collected from passengers, a move that will reduce airfares by up to Rs 1,000 on certain long routes. In the wake of a spike in jet fuel prices, the airline s

Central Bank of India's loans grow 14.9% to Rs 2.4 trillion in Q3 FY24. The Mumbai-based public sector bank's deposits expanded by 9.52 per cent Y-o-Y to Rs 3.77 trillion at the end of December 2023 from Rs 3.44 trillion a year ago

60% startup founders report increased revenue, profitability in 2023. Navigating 2024, tech startup founders expect to continue the revenue growth path with measured steps, focusing on optimizing expenditure and maximizing profitability for B2B tech startups

REC, Bank of Baroda join hands to finance power, infra, logistics projects. State-owned REC Ltd has inked an initial pact with Bank of Baroda to jointly offer loans for power, infrastructure and logistics projects in India over the next three years. By pooling resources and expertise, both entities endeavour to champion initiative

DCM Shriram signs MoU with Gujarat govt to invest Rs 12,000 cr by 2028. Currently, the company has significant Chlor Alkali facilities in Bharuch and aims at increasing the existing capacities while adding new products to its Chlor-Alkali portfolio

Zillion announces launch of rewards-as-a-service platform for brands. The company said it is aiming to onboard banks and large enterprises with an extensive distribution network with the launch of the RaaS portal

REC, Bank of Baroda sign MoU to finance power, infra and logistics projects. The collaboration aims to catalyse transformative projects that will positively impact communities and drive socio-economic progress

Coffee Day Enterprises' total default rises to Rs 434 cr in Dec quarter. Coffee Day Enterprises Ltd has reported a total default of Rs 433.91 crore on payments of interest and repayment of principal amount on loans from banks, financial institutions, and unlisted debt securities for the December quarter. Coffee Day Enterprises

Flipkart forms strategic partnership with digit asset company Fireblocks. 'India is fast emerging as the global hub for innovation in Web3,' said Ravi Krishnan, Head of Flipkart Labs

Medway Hospitals raises m in funding round led by Kyra Ventures. Chennai-based group operates eight multi-multispeciality hospitals that provide range of services

Bajaj Auto board to consider share buyback on Jan 8, stock jumps over 5%. Under the Securities and Exchange Board of India (Sebi) regulations, the maximum limit for a buyback is 25 per cent or less of the paid-up capital and free reserves in that financial year

Vedanta Resources' bondholders back company's debt restructuring plan. "The overwhelming consent to the revised terms will take immediate pressure (off) Vedanta to repay the debt obligation," Vedanta Resources said

Investigate Religare Finvest's 8% ESPOs allotment to Saluja: Burman family. Burman family on Wednesday called for an investigation into the allotment of 8 per cent share of Religare Finvest Ltd to Religare Enterprises Chairman Rashmi Saluja through Employee Stock Ownership Plans (ESOPs). Terming the allotment as "unfortunate", the

HMSI sees increase in sales by 27% to 317,123 units in December 2023. Honda Motorcycle and Scooter India on Wednesday reported a 27 per cent increase in total sales at 3,17,123 units in December 2023 as compared to 2,50,171 units in the year-ago period. Domestic sales were at 2,86,101 units last month, as compared to 2,33,15

Karan Adani now MD of Adani Ports, Gautam Adani stays as executive chairman. Adani Ports and Special Economic Zone (APSEZ) on Wednesday said that the company has elevated its CEO Karan Adani to the role of Managing Director, a position which was held by Chairman of Adani group Gautam Adani. Gautam Adani has been re-designated as ex

Majority bondholders have consented to restructuring: Vedanta Resources. The company said 97.78 per cent, 98.69 per cent, 99.6 per cent, and 99.12 per cent of the four series of bonds respectively have consented in favour of the company's proposed restructuring

FMCG cos to witness low topline growth in Q3, volume growth to remain soft. Also, during the year, companies resorted to cutting prices of their products as commodity prices softened, thus also having restricted the growth in revenue in the quarter

IT major Tech Mahindra announces appointment of Richard Lobo as CHRO. Lobo replaces Harshvardhan Soin, who takes over the role of president- Asia Pacific & Japan effective January 3

CMS Info Systems reports 9.3% growth in retail consumption trends. In data shared with Business Standard, the company said the Y-o-Y growth in the October and November period has been at 12.5 per cent, pointing at robust growth in the third quarter as well

2024 to be 'good year' for smartphone industry: Xiaomi India President. The year 2024 promises to be a "good year" for the smartphone industry, Xiaomi India President Muralikrishnan B said on Wednesday as he pointed to the pace of economic growth, positive consumer sentiments, as well as the 5G devices uptick. Terming India as

Dr Reddy's Laboratories acquires women's health brands from MenoLabs. DRL said that it has acquired the entire MenoLabs supplements portfolio, which includes seven branded products designed to provide health support and address symptoms of perimenopause and menopause

Akasa Air inducts two new Boeing aircraft, total fleet rises to 22. Indian regulations mandate that carriers must have at least 20 aircraft in their fleet to be eligible for international flights

Govt scraps sale of Salem plant; 3rd SAIL unit's privatisation put on hold. The government on Wednesday said it has decided to scrap the privatisation of SAIL's Salem Steel Plant (SSP) in Tamil Nadu. This is the third unit of public sector major SAIL where the government has decided not to go ahead with the strategic sale. Earlier

Net advances of IndusInd Bank rise 20% to Rs 3.26 trillion in Q3 FY24. IndusInd Bank's growth in loans was 4 per cent in Q3 FY24 compared to the quarter ended in September 2023

Bengaluru-based IT company Mphasis appoints new Europe & GBPS head. Mphasis specialises in cloud and cognitive services and is based in Bengaluru. It has recently launched a dedicated AI Business unit

ArcelorMittal denies deal to buy out Tauron from joint venture GDANSK. ArcelorMittal holds a 50% stake in Tameh Holding via two of its subsidiaries, with Tauron owning the rest

Vedanta's aluminium production rises to 599,000 tonnes in Oct-Dec quarter. Vedanta Ltd on Wednesday said its total aluminium production rose 6 per cent to 5,99,000 tonnes in the third quarter of the current financial year. The company's aluminium output stood at 5,66,000 tonnes in the year-ago period. At Zinc International, the

Wipro's lawsuit against ex-CFO referred to arbitration by civil court. The court took this decision as Dalal produced agreements that indicated that disputes were to be settled through arbitration

Space startups report success of in-orbit experiments onboard Isro's POEM. Indian space startups Dhurva Space and Bellatrix Aerospace have successfully tested their P30 Satellite Platform and high performance green propulsion systems respectively onboard ISRO's POEM initiative. Hyderabad-based Dhruva Space, in a statement, said t

Kotak Mahindra Bank appoints Anupam Kaura as chief human resources officer. Kaura, who joins the private sector lender from Crisil's London office, has been appointed to "spearhead organisational transformation", according to a statement

Jio Financial-BlackRock JV applies for mutual fund licence with Sebi. The joint venture between Jio Financial Services and BlackRock has applied for a mutual fund licence with the market regulator, and the application is currently under consideration, according to a SEBI update. An update on mutual fund approval status from

LIC receives GST demand notice of Rs 663 crore from Chennai tax officials. Life Insurance Corporation of India (LIC) on Wednesday said tax authorities have slapped a demand notice of about Rs 663.45 crore on it for short payment of Goods and Services Tax (GST). The corporation has received communication/demand order for interest

FSSAI issues show cause notice to IndiGo for serving 'unsafe food'. Food safety regulator FSSAI has issued a show cause notice to the country's largest airline IndiGo for serving unsafe food to a passenger, days after a worm was found in a sandwich served onboard a flight. On Wednesday, the airline said it has received the

Samsung places bet on AI for greater sales as 2024 phone launches kick off. More than a billion smartphones with built-in generative AI are expected to be shipped by the end of 2027, according to Counterpoint Research estimates

Amazon's video ad push expected to generate extra bn in revenue. Amazon's advertising business - mostly search and display ads on its web store - generated .1 billion in the quarter ended September 30, about 8.5% of total revenue

SC to pronounce verdict on Adani-Hindenburg case today: The story so far. Adani Hindenburg verdict time: A bench comprising CJI DY Chandrachud and justices JB Pardiwala and Manoj Misra will deliver the judgement at 10:30 am

BYD pulls ahead as world's biggest producer of battery passenger cars. After a billion selloff during November, BYD is as cheap as it has been going back to the start of 2010, despite 31 out of 32 analysts putting a Buy rating on the stock

Adani-Hindenburg case verdict: SC grants Sebi 3 months for pending probes. Adani Hindenburg case verdict: SC also said that the Centre and Sebi will look into whether there has been any violation of law by Hindenburg Research on short-selling

Glenmark Pharmaceuticals launches antidiabetic drug 'Lirafit' in India. Glenmark Pharmaceuticals on Wednesday said it has launched a biosimilar of the popular antidiabetic drug, Liraglutide in India. The drug is being marketed under the brand name Lirafit following the approval from the Drug Controller General of India (DCGI),

Honeywell eyes 30% revenue growth from its Impact brand: Ashish Modi. Honeywell is eyeing around 30 per cent revenue growth in the next few years from its Impact brand, which provides sustainable and digital solutions for Indian businesses especially the MSME segment. "Since the last 3-4 years we have been growing at 30 per

Oil an option to recoup 0 million from Venezuela dividend: ONGC Videsh. Indian refiners have resumed purchase of Venezuelan oil following the easing of US sanctions on the South American country last year

'Grateful to those who stood by us': Adani on Adani-Hindenburg case verdict. Adani Hindenburg case verdict: The SC has refused to interfere in the investigation by the Securities and Exchange Board of India

Glenmark cuts diabetes drug cost by 70% with first Indian biosimilar launch. Drug, marketed under the brand name Lirafit, is priced at approximately Rs 100 for a standard daily dose of 1.2 mg

HCL Technologies to outshine IT peers in Q3 results: Elara Securities. Q3 IT preview: Elara Securities said that added that other large firms may witness a revenue dip of 1-1.3 per cent QoQ CC given weak seasonality

Atos set to hold due diligence talks with Airbus on sale of BDS unit. An Airbus spokesperson confirmed in an e-mailed statement sent to Reuters that it has submitted a non-binding proposal for a potential acquisition of Atos' BDS business line

REC Ltd, RVNL sign Rs 35,000 crore MoU to finance infrastructure projects. REC will be financing diverse projects including logistics hubs, rail, road, port, and metro over the next 5 years

Petronet to sign deal to extend Qatar LNG imports beyond 2028: Oil secy. Petronet has a 7.5-million metric ton per year (tpy) long-term LNG import deal with Qatar and its promoters Indian Oil Corp, Bharat Petroleum Corp and GAIL (India) Ltd has a 1 million tpy deal

Jio Financial's application for mutual fund licence under process: Sebi. Update by regulator puts to rest speculations that Jio is looking to enter MF space through acquisition

Bajaj Auto to consider share buyback in board meeting on January 8. Earlier this month, Bajaj Auto reported a 16 per cent rise in total sales at 3,26,806 units in December 2023

HC grants time to Vivo officials to respond to ED plea against release. The Delhi High Court on Wednesday granted three vivo-India executives one week to file their reply to a plea by the Enforcement Directorate challenging an order for their release in a money laundering case. While Additional Solicitor General S V Raju argue

Telangana will extend support to Amara Raja's Rs 9,500 cr project: CM Reddy. The Telangana government will extend necessary support for Amara Raja group's advanced chemistry cell gigafactory and battery pack assembly unit being set up in Mahbubnagar district, Chief Minister Revanth Reddy said on Wednesday. The Amara Raja team met t

SBI garners bn from overseas to cater domestic ESG financing market. State Bank of India (SBI) on Wednesday said it has raised USD 1 billion or (about Rs 8,300 crore) to cater to the domestic ESG financing market. The bank has concluded the issuance of USD 1 billion (USD 750 million and green shoe of USD 250 million) throug

Bank of Maharashtra slashes home loan rate on new year by 15 bps to 8.35%. State-owned Bank of Maharashtra (BoM) on Wednesday trimmed its home loan rate by 15 basis points to 8.35 per cent as part of its new year offer to customers. The processing fees are also waived on home loans, BoM said in a statement. This dual benefit of r

E-commerce firm Meesho recruits 150 during campus hiring, to take in more. Recruitments reflect 'robust road map for 2024', says Meesho, which is an e-commerce firm backed by SoftBank

Adani Group to fund Dharavi project via internal accruals, SPV stake sale. The Adani group, which is redeveloping Dharavi slums, plans to finance the entire project via internal accruals and possible sale of equity in the special purpose vehicle (SPV) set up for the project, according to sources. Earlier this week, the company ha

ArcelorMittal partners with IIT Madras to create Hyperloop facility in TN. Steel giant ArcelorMittal has partnered with the Indian Institute of Technology, Madras to build "Asia's first" Hyperloop test track facility here, the company said here on Wednesday. The companies, ArcelorMittal and ArcelorMittal Nippon Steel India (AM/NS

ONGC wins seven, Reliance-BP one oil, gas blocks in latest bid round. State-owned Oil and Natural Gas Corporation (ONGC) won seven areas for exploration of oil and gas while a consortium of Reliance Industries Ltd and BP Plc walked away with one in the latest bid round. Oil Minister Hardeep Singh Puri said 10 blocks for expl

GST dept issues demands, penalties totaling over Rs 19 cr to Ceat Tyres. Tyre maker CEAT Ltd on Wednesday said it has received GST demand and penalties totalling over Rs 19 crore from tax authorities in Maharashtra and Vadodara. The Additional Commissioner, CGST & Central Excise, Vadodara has issued an order for an interest of

Vietnam's EV maker VinFast plans to set up battery plant in Tamil Nadu. The company will make batteries for EVs at the plant in the city of Thoothukudi, one of the sources said

Adani Ports to raise up to 1 million funds by selling debentures. Billionaire Gautam Adani was re-designated as executive director from managing director and his son Karan Adani was re-designated as managing director from CEO, the company added

Air India appoints P Balaji as chief of regulatory and corporate affairs. P Balaji resigned from telecom operator Vodafone Idea on Tuesday after a decade-long stint. He is set to assume his role at Air India on January 11

EKA Mobility will supply 1,000 intercity electric buses to GreenCell. Electric vehicle maker EKA Mobility on Wednesday said it will supply 1,000 intercity electric buses to GreenCell Mobility. The two companies have signed a Memorandum of Understanding (MoU), under which 1,000 intercity electric buses in 12-metre and 13.5-me

Haldia Petrochemicals breaks ground on Rs 3,000 cr chemical plant in Bengal. Petrochemical major Haldia Petrochemicals Ltd on Wednesday announced that it has carried out the groundbreaking ceremony for India's largest phenol plant in West Bengal's Haldia. The Rs 3,000 crore project is expected to be completed by the first quarter o

PFC signs MoU with Gujarat govt for power projects worth Rs 25,000 crore. 'The collaboration will not only focus on the expansion of power infrastructure, but also help create employment generation of up to 10,000 in Gujarat,' said the Ministry of Power

KPI Green Energy, Emmvee ink deal for 300 MW of solar panels purchase. KPI Green Energy and Emmvee ink a major deal: Agreement reached for the purchase of 300 Megawatts of solar panels

Adani Group-Hindenburg row: SC will pronounce judgement on January 3. A bench of Chief Justice of India DY Chandrachud and Justices JB Pardiwala and Manoj Misra reserved its verdict on the order on various aspects related to the Hindenburg report in November 2023

State-owned PNB, BoM record double-digit loan growth during Oct-Dec quarter. State-owned Punjab National Bank (PNB) on Tuesday said it has posted a 13.5 per cent growth in advances to Rs 9.72 lakh crore for the December quarter. Total advances stood at Rs 8.56 lakh crore at the end of the third quarter of the last financial year, P

LIC receives GST demand notice of Rs 116 crore for Telangana state. Life Insurance Corporation of India (LIC) on Tuesday said tax authorities have slapped a demand notice of about Rs 116 crore on it for short payment of Goods and Services Tax (GST) for 2017-18. The company has received communication/demand order for intere

Maruti Suzuki production falls 2.96% at 1,21,028 units in Dec 2023. Maruti Suzuki India on Tuesday reported a 2.96 per cent decline in total vehicle production at 1,21,028 units in December 2023. The company had produced 1,24,722 units in December 2022, Maruti Suzuki India said in a regulatory filing. Total passenger vehic

Coal production in the country increases by 10.75% in 2023: Govt. In a public statement, the Ministry of Coal said the production of Coal India Limited (CIL) has risen to 71.86 million tonnes (mt) in December 2023, as compared to 66.37 mt in December 2022

HUL receives Rs 447.5 cr GST demands and penalties, firm to make assessment. Leading FMCG maker Hindustan Unilever Ltd on Monday said it has received Goods and Services Tax demands and penalties totalling Rs 447.5 crore from the authorities. In a regulatory filing, HUL -- which owns brands such as Lux, Lifebuoy, Surf Excel, Rin, Po

Vedanta Resources faces investor reckoning over .2 billion of bonds. Vedanta needs a green light from at least two-thirds of the bondholders in each of the three securities to proceed with the plan. A holder meeting will be held on Jan. 4

The four fortunes riding on PM Modi's victory in Lok Sabha elections. Naturally, the biggest danger of allowing a handful of business groups to aggressively branch into new areas and extend their control over large swathes of economy is extreme concentration of power

ICICI Venture to sell its entire 42% stake in patisserie chain Theobroma. The alternative investment arm of ICICI Bank is expecting the 20-year-old chain Theobroma to be valued at Rs 2,800 crore

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