Shares of Ipca Laboratories slipped 9 per cent to hit a 52-week low of Rs 751 on the BSE in Tuesday’s intra-day trade after the company's board of directors approved an acquisition of 33.38 per cent stake in Unichem Laboratories for Rs 1,034 crore from one of its promoter shareholders.

The stock of the pharmaceutical company has fallen below its previous low of Rs 768, touched on March 16, 2023.

JM Financial Home Loans and Indostar Capital Finance on Monday said that the companies are engaged in preliminary discussions to explore potential merger and listing of the retail mortgage portfolio of JM Financial and the home finance business of Indostar Home Finance including other mortgage-backed business of Indostar.

FSN E-Commerce Ventures, the parent company of Nykaa on Monday announced the appointment of several senior executives. In the past few weeks, the startup saw several top-level exits. The new executives will drive the "company's growth agenda forward", the BSE filing of the company said.

According to the announcement, Rajesh Uppalapati will be the company's new chief technology officer (CTO). He has worked with Amazon for 20 years. Abhishek Awasthi, Eswar Perla, Dhruv Mathur, and Amit Kulshrestha will join the existing technology leadership team.

Ola Electric and Ather Energy will incorporate the charger price for their e-scooters within the ex-factory price and not bill it separately as an add-on as they did earlier.

The two companies are complying with a direction from the Department of Heavy Industries, which said failure to do so could result in the suspension of the subsidies they receive on each scooter.

The apparel market in India grew by 15 per cent during 2022-23. However, the expansion in the apparel market was not led by an increase in sales but by price hikes, The Economic Times(ET) said in a report. In fact, sales went down by 3 per cent according to data released by the Clothing Manufacturers Association of India (CMAI), the report said.

Growth in sales is above pre-pandemic levels, but this growth came about only during Diwali last year.

Adani Ports & Special Economic Zone Ltd. has started the conglomerate’s first bond buyback since it was targeted by a short seller in January, sending its July 2024 notes to its biggest gain in a month.

The company also said it plans to buy back $130 million of the 3.375 per cent senior notes in each of the next four quarters as it tries to show its comfortable liquidity position, the firm said in stock exchange filing.

Former Maharashtra CM Uddhav Thackeray took a slay dig at the Eknath Shinde camp and said that elections can happen any time and they were "prepared".

Addressing a public meeting in Jalgaon on Sunday, Uddhav, who now heads the Shiv Sena (UBT), said, "Elections [in Maharashtra] can happen at any time and we are prepared. The matter is in Supreme Court and we are hopeful that the eventual verdict will be in our favour. After that, anything can happen at any time."

Shree Yogi Realcon Private Limited, a 100 per cent subsidiary of Ajmera Realty & Infra India Limited has acquired a land parcel of 5,017 square meters from Tata Communications in a bidding process for Rs 76 crores.

The acquisition is intended for the residential development offering one, two and three BHK, with an estimated gross sales value of Rs 550 crores, the company said in a statement.

Fast moving goods company (FMCG)-to-Cigarette major ITC became the seventh most valued listed company on Friday, as it surpassed home loan major Housing Development Finance Corporation (HDFC) in terms of market capitalisation (m-cap).

Shares of ITC hit a new of Rs 405.90, up 1.4 per cent on the BSE in the intra-day trade today. At 12:26 pm, the S&P BSE Sensex was down 0.12 per cent at 59,560.

Tamil Nadu Finance Minister P Thiaga Rajan (PTR) said on Friday the state would lease to the Airports Authority of India (AAI) or the Centre the land needed for Coimbatore airport’s expansion, but it will not transfer ownership.

Tamil Nadu disagrees that AAI should have the right to sub-lease the land to the private sector. It said this a month after Civil aviation minister Jyotiraditya Scindia urged the state government to acquire and hand over land for expanding airports in Chennai, Trichy, Madurai, Tuticorin, Coimbatore and Vellore.

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