India Business News: KOLKATA: Ultratech Cement, India's largest cement manufacturer controlled by Kumar Mangalam Birla, is likely to go for a share swap deal with B K Birl.
If the deal with UltraTech is approved by the board, Kumar Mangalam Birla, the grandson of B.K Babu, as he was affectionately called, will be in command of the family silver
Beyond perpetual bonds, Godrej case puts the spotlight back on family business models financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
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NEW DELHI: Nifty breached its 14,000 levels and touched its all-time high in the intraday session on Thursday and formed an indecisive candle on the daily chart. The 50-pack formed consecutive indecisive candles in the recent sessions, which signals towards caution that is being employed by the market participants with consistent profit booking and buying on dips approach.
Ajit Mishra, VP - Research at Religare Broking opined, investors would await the auto sales numbers and PMI data as it would help in gauging the economic recovery. Further, global cues are likely to dictate the trend for the markets in the near term. We reiterate our cautious stance on the markets.
Shares of Pilani Investments and Industries Corporation soared 14 per cent to hit 34-month high of Rs 2,870 on the BSE in intra-day trade on Monday ahead of 2:5 bonus issue. The stock will turn ex-date for bonus shares on Thursday, December 31. The stock was trading at its highest level since February 2018. The company has fixed Saturday, January 2 as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus shares of the company in the ratio of 2:5 i.e. 2 equity shares for every 5 existing equity shares. Pilani Investment is an investment company registered with Reserve Bank of India (RBI) as a non- banking financial company.