Nava ltd, a ferro-alloy manufacturer, has secured shareholder approval for a stock split that will divide each equity share of ₹2 face value into two shares of ₹1 face value. The approval came via a postal ballot process concluded on December 21, 2024, as stated in an exchange filing. Nava Ltd has delivered remarkable returns in 2024, with its stock rising over 100% this year.
Open FlipThe United States’ push to get India to reduce import duties may not yield much for the country, as less than 4 percent of the products from the North American country attract tariffs of over 30 percent, according to a Moneycontrol analysis. US Ambassador to India Eric Garcetti called for tariffs to be lowered on December 20.
Open FlipCopper prices edged higher in London on Monday as they recovered to recent technical averages from last week's fall, although dwindling pre-Christmas liquidity kept them in a tight range. Three-month copper on the LME rose 0.4% to $8,977 per metric ton by 1103 GMT. The metal, used in power and construction, lost 1.2% last week as the dollar hit a two-year high.
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