Market News

Devyani International, Sapphire Foods rally up to 9% on merger approval

Devyani International and Sapphire Foods merger will take place through a share-swap mechanism. Under the share swap ratio, 177 shares of DIL will be issued for every 100 shares of Sapphire Foods.

Britannia Share Price Live Updates: Investors Take Note: Britannia's Positive Trend

MSCI adjustments take place today - Here are the stocks poised for significant flows

Stocks ranging from Bajaj Finance, Hindustan Unilever, TCS, Infosys, UltraTech, ONGC, Hindustan Aeronautics, Coal India, Mahindra & Mahindra, and Nestle India will see a decline in their weightage, with outflows ranging from $103 million to as high as $204 million.

Ace investors take a hit on portfolios in March quarter

Top Indian investors saw their portfolios shrink in the first quarter. Hemendra Kothari and Mukul Agrawal experienced over 25% declines. Madhusudan Kela's holdings fell 21%. The portfolios of Rakesh Jhunjhunwala's family and Anil Kumar Goel were least affected. This period marked a sharp market downturn impacting many.

Kumar Mangalam Birla appointed Vodafone Idea's Non-Executive Chairman; Ravinder Takkar steps down

Vodafone Idea Limited announced significant leadership changes. Kumar Mangalam Birla will take over as Non-Executive Chairman on May 5, 2026. Ravinder Takkar will transition from Non-Executive Chairman to Non-Executive Vice Chairman on the same date. Both leaders continue in their directorial roles. This strategic move signals a new chapter for the telecom company.

The Bengal boom: 7 stocks that surged up to 22% after BJP win and should you still buy?

Smallcap investors are piling into the “Bengal theme” after the BJP’s landslide win in West Bengal, driving sharp rallies in state-linked stocks. IFB Agro surged 27% and Dhunseri Tea 22%, leading seven stocks posting double-digit gains. However, analysts caution that real industrial transformation will take years, with market attention already shifting to West Asia tensions and upcoming earnings.

HUL to take calibrated price hikes amid cost pressures; demand situation stable: CEO Priya Nair

Hindustan Unilever will implement calibrated price increases to counter rising input costs, focusing on volume-led growth. The company remains confident in its ability to protect volumes in daily essential categories due to low price elasticity. HUL is also driving savings across its operations to navigate short-term challenges while maintaining long-term growth.

Godrej Agrovet Q4 profit jumps 48%, but margins take a hit

Godrej Agrovet Q4 results show strong profit and revenue growth but weaker margins, with a final dividend of ₹11 per share proposed for FY26. Shares of Godrej Agrovet ended higher on Thursday, by 1.11% at ₹600.00 on the NSE.

Pirojsha Godrej to take over as chair of Godrej Industries on 14 August

Pirojsha will become the chairperson of Godrej Industries Group on 14 August, succeeding Nadir Godrej, while Burjis Godrej will join the group's holding board and chair Godrej Agrovet. This leadership transition marks a milestone in the group’s succession planning after its 2024 split.

P&G India HR Chief PM Srinivas exits; insider Robin Thadathil to take over

Procter & Gamble India has appointed Robin Thadathil as its new Chief Human Resources Officer. He takes over from PM Srinivas starting April 1. Thadathil brings over 16 years of experience within P&G, having worked in various roles across different markets. He expressed enthusiasm for contributing to P&G's growth in India.

Looking to take success from India to other emerging markets: Acerpure

Acerpure, a consumer electronics brand, is set to expand its presence in emerging markets like the Philippines, Vietnam, Thailand, and Indonesia. The company aims to double its sales and investment in India this year. Acerpure is also focusing on launching products tailored for the Indian market, emphasizing 'made in India' initiatives.