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TVS's ₹2,000-crore Norton gamble is set for the market test
TVS has spent nearly one-fifth of its ₹9,993 crore profit earned between 2020-21 and 2025-26 covering losses at its British premium motorcycle brand, Norton.
ITC enters cola business to add more fizz to beverages portfolio
India's carbonated soft drinks market is intensifying as ITC launches a premium sugar-free Coconut Cola, aiming to compete with global giants Coca-Cola and PepsiCo. This move follows Reliance Industries' aggressive pricing strategy with its revived Campa brand. ITC plans to expand its beverage offerings, focusing on the premium, health-conscious segment, which is experiencing rapid growth due to increasing consumer preference for low- and no-sugar options.
Hero MotoCorp sees commuter bike demand rebound, plans Rs 3,200 crore expansion
Hero MotoCorp sees a strong revival in commuter motorcycle demand, signaling improved consumption among entry-level buyers. The company is significantly boosting production capacity, investing Rs 3,200 crore in Andhra Pradesh to double output and establish a global parts center. Chairman Pawan Munjal expressed optimism about continued healthy growth in the two-wheeler market, despite global uncertainties, and highlighted progress in premium segment collaborations and electric vehicle development.
Nifty July futures trade at premium
Infosys, HDFC Bank (India) and Maruti Suzuki India were top traded contracts.
Advit Jewels Share Price Debut: Stock Lists at 35% Premium on NSE, Later Sees Volatility Amid Profit Booking - India Infoline
Advit Jewels Share Price Debut: Stock Lists at 35% Premium on NSE, Later Sees Volatility Amid Profit BookingIndia Infoline
Advit Jewels share price tanks 5% after strong 37% market debut. Should you buy, sell or hold?
Advit Jewels shares made a strong stock market debut, listing at a 37% premium to the IPO price before trimming gains. While analysts remain positive on the company's growth prospects and improving financials, they advise fresh investors to wait for more earnings visibility amid risks linked to commodity prices and business concentration.
Advit Jewels gains on market debut
Shares of Advit Jewels were currently trading at Rs 178 at 10:12 IST on the BSE, representing a premium of 29.20% as compared with the issue price of Rs 138.
The Wimbledon Debenture: A front-row seat and a winning investment
Each Debenture provides the holder a premium seat on Centre Court or No.1 Court for The Championships for five years, along with the use of exclusive restaurants and bars.
Nifty July futures trade at premium
Infosys, HDFC Bank (India) and Reliance Industries were top traded contracts.
SIS announces share buyback worth up to Rs 120 cr
SIS Limited, a prominent security and facility management firm, has announced its fifth share buyback program, aiming to repurchase shares worth up to Rs 120 crore. This move, priced at a 10% premium to its recent closing price, will bring the total capital returned to shareholders since 2017 to approximately Rs 720 crore.
Advit Jewels IPO GMP signals strong listing on July 1; check allotment status, subscription and other details
The Advit Jewels IPO received significant investor interest, being oversubscribed 212.63 times. The issue's price band is set at ₹130-138 per share. The company will debut on stock exchanges on July 1, with a grey market premium indicating a possible listing price of ₹184 per share.
Home sales fall to three-year low in June quarter
Home sales experienced a notable dip in the June quarter, marking the slowest performance since early 2023. Persistent global uncertainties and supply chain issues have dampened buyer sentiment. Despite this, new project launches saw an annual increase, particularly in premium segments and infrastructure-driven areas. While most major cities saw sales decline, Kolkata, Hyderabad, and Bengaluru registered modest yearly growth.