UltraTech's deal with India Cements could be a precursor to acquiring a larger stake. This and more

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Top Story   UltraTech's deal with India Cements could be a precursor to acquiring a larger stake By acquiring a 23% stake in India Cements, UltraTech, the country's largest player with a capacity of 140 million tonnes per annum (mtpa), has made a significant move in the sector's consolidation game. The sector has seen relentless M&A activity for over two years now; Adani-owned Ambuja Cements and ACC have already made strategic buyouts.

Money Today   Quant Mutual Fund: Investors withdraw Rs 1,400 cr in 3 days. What should you do? Concerns have arisen among investors, prompting them to question whether they should consider discontinuing their Systematic Investment Plans (SIPs) or refrain from making any fresh investments in the fund.

Market Today   Sensex closes above 79K mark for first time, Nifty at record high; IT shares lead gains Sensex gained 569 pts to 79,243 and Nifty rallied 175 pts to close at 24,044. Sensex closed above 79,000 mark for the first time on Thursday.

BT Magazine   Gautam Adani acquires Penna Cement: Can it strengthen Adani's presence in South India? Group firm Ambuja Cements' buyout of Penna Cement will strengthen its position in the South and give it an opportunity to leverage the sea advantage.

BTTV   Whirlpool India Shares Surge 12% As Bosch Reportedly Eyes Bid For Parent Whirlpool In The US The reported talks between the German group and the parent company signify a potential major shift in ownership and strategy. If the acquisition proceeds, it could lead to strategic expansion, market changes, and operational efficiencies, influencing both companies and the broader industry.

Market Today   PNB share price target: PSU bank stock down 17% from April high; more downside ahead? Punjab National Bank shares fell 5.18 per cent to hit a low of Rs 117.90 on BSE. The PSU bank stock eventually settled the day at Rs 119.20, down 4.14 per cent.

Money Today   Gold slumps to 7-week low on MCX, no respite for silver too Comex Gold was down almost 1% in the last session as the dollar index touched a 2-month high, and an uptick in bond yields dented its appeal.

Corporate   Tata Group, Infosys named India's most valuable brands: Report Tata Group has been recognised as India's most valuable brand, with a brand value of $28.6 billion, according to the latest Brand Finance report. This marks a 9% increase, driven by the group's focus on digitalisation and technological advancements.

Market Today   Tata Motors, Maruti Suzuki India, M&M: Analysts share top auto stock ideas ahead of June sales data Nuvama Institutional Equities expects a mixed bag, with growth for TVS Motor and Honda, flat performance for Bajaj Auto, and decline in volume growth for Eicher Motors (Royal Enfield) and Hero MotoCorp.

Tech Today   Apple iPhone-maker Foxconn counters reports of hiring discrimination, says 25% new hires are married women Foxconn has clarified that 25% of its new hires are married women and denied discriminatory practices. The Ministry of Labour and Employment has sought a report from the Tamil Nadu labour department on the issue.

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