Tue, Apr 23, 2024 3:41 PM
Paints Sector: Inflation and intensifying competition pose double threat
A Flip by Riya Sharma
N Srinivasan on Wednesday resigned as the CEO of India Cements after the CCI cleared over Rs 7,000-cr deal wherein billionaire Kumar Mangalam Birla-promoted UltraTech Cement will acquire a majority stake in India Cements. The fair trade regulator also granted its clearance to UltraTech Cement to acquire up to 26 per cent of the paid-up equity share capital of India Cements by way of an open offer.
Open Flip
📌Shares slipped in Tokyo and Shanghai on Wednesday, two of only a handful of world markets open on Christmas day. 📌FTSE 100 rose for a second day on Tuesday in thin trading volumes ahead of the Christmas break. 📌Nifty remained mostly rangebound throughout the day before closing flat. 📌Out of 4,092 stocks that traded on the BSE on Tuesday, 2,060 stocks witnessed declines, 1,936 saw advances.
Open Flip
Crypto just had a blockbuster year! A dozen bitcoin spot ETFs kicked off the industry's rally in January, making it easier for investors to trade bitcoin. In September, a host of central bank rate cuts and other policies added to the rally by paving the way for a growth economy. But no development has been more critical for digital assets than Donald Trump's Election Day win.
Open Flip
