Tue, Jan 7, 2025 12:57 PM
ITC Hotels demerger could lead to passive outflow of $180 million
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📌Transformers and Rectifiers Ltd. has announced a 1:1 bonus issue, its first since 2013, along with a fund raising proposal to raise📌 ₹750 crore through Qualified Institutional Placement. The company reported a net profit of 📌₹55 crore for the December quarter. Revenue of the quarter increased by📌 51.5% from last year to Rs559.4 crore.
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India slashes November gold import estimates by📌 $5 billion, correcting a record-high preliminary calculation of📌 $14.8 billion to $9.84 billion, reducing the trade deficit by a similar amount. India spent a record📌 $47 billion on gold imports in the first 11 months of 2024, driven by increased demand during the festival and wedding season.
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Arnaav Fashions share price reached a one-year high of ₹70.10 on Wednesday, surging 3.90% intraday, after the company secured a ₹17.25 crore term loan to implement its expansion and modernization plan, which is expected to increase production capacity and reduce energy cost. Arnaav Fashions share price has gained nearly 1.22 per cent in the last one year and over 49 per cent in the last six month.
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