Latest Updates Around The World
Off-highway tire maker Balkrishna Industries Ltd (BKT) on Tuesday announced its entry into the domestic consumer tire market with the launch of its On-Highway portfolio and said it has committed an investment of Rs 3,500 crore to support capacity expansion and advanced R&D capabilities, among others.As part of its on-highway portfolio, BKT introduced purpose-built tires […]
Premier Industrial Corporation, Virupaksha Organics, Hexagon Nutrition, Om Power Transmission and Duroflex have received approval from the Securities and Exchange Board of India (Sebi) to go ahead with their initial public offerings (IPOs). All five companies received Sebi’s observation during the week. In IPO parlance, Sebi’s ‘observation’ refers to the regulator’s formal comments or approval […]
New Delhi: Tata AutoComp Systems Ltd on Tuesday said it plans to set up several additional plants across India this year to strengthen its footprint and capacity to meet future demands.The company, which had opened two new factories in Sanand on January 30, said it now operates more than eight factories in Sanand in Gujarat.“We […]
The Indian textile industry is entering a decisive phase as the recent tariff easing by the US greatly improves its global competitiveness and resets the sectoral economy.The immediate reduction in US tariffs on Indian textiles from 50% to 18% has brought long-awaited relief to an industry that has been struggling with margin compression, regulatory costs […]
New Delhi, Sebi on Thursday barred 15 persons from the securities markets for three years and imposed a total fine of Rs 3.6 crore for manipulating shares of Unison Metals through misleading stock recommendations circulated on telegram channels. Moreover, the regulator directed ten persons to spend illegal profits of over Rs 3.87 crore, to be […]
To protect minority shareholders and curb tax arbitrage by promoters, Finance Minister Nirmala Sitharaman on Sunday announced a major overhaul of the tax regime for share buybacks. Presenting the Union Budget 2026-27, Sitharaman said buybacks will be taxed as capital gains for all categories of shareholders. “In the interest of minority shareholders, I propose to […]
Gurugram-based Shiprocket, which offers shipping and supply chain services to direct-to-consumer (D2C) brands selling online, has filed an updated draft red herring prospectus (UDRHP) for an initial public offering (IPO) of Rs 2,342 crore.Shiprocket is looking to raise Rs 1,100 crore in fresh capital as investors including Tribe Capital, Arvind Ltd, March Capital and Bertelsmann […]
Global equities are expected to end the week on a positive note as investors reacted to the latest policy move from the US Federal Reserve, which came slightly later than expected but had a tone interpreted by many on the Street as friendlier than feared. The latest rate cut was seen as less aggressive than […]
Tenneco Clean Air India reported a 10% jump in consolidated net profit to Rs 150 crore in the quarter ended September, compared to Rs 137 crore in the same period a year ago. Operating income from operations stood at Rs 1,281 crore, up nearly 10% from Rs 1,169 crore in the corresponding quarter of the […]
Tenneco Clean Air is gearing up for the next phase of expansion after a strong market debut, with profits rising from ₹381 crore in FY23 to over ₹500 crore in FY25 even as revenues fluctuated. Speaking to ET Now, Whole-time Director & CEO Arvind Chandrasekharan attributed the profit increase to deep structural changes implemented globally […]
