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Sheela Foam, which owns the popular “Sleepwell” brand, announced that it will acquire a majority stake in Kurlon Enterprises that owns “Kurl-On” brand for Rs 2,035 crore.

​So even in this quarter or the next, so it will probably be the December quarter that will tell us most of the differences. One has just hold on I guess, if you are thinking longer term. Otherwise, I think a lot of other players are doing really well in the market. IT is not the only game in town.

Two of the three Libyan oilfields shut on Thursday, the Sharara and El Feel oilfields with a total production capacity of 370,000 barrels per day (bpd), resumed on Saturday evening, four oil engineers and oil ministry said.

The reluctance to park funds for long comes despite a sharp increase in surplus liquidity over the past couple of weeks following government expenditure. On an average, the RBI has absorbed surplus funds worth ₹1.87 trillion rupees from banks this month. Tellingly, the rate of interest offered to banks by the SDF is sharply lower than what lenders would have earned by parking funds at the VRRR auctions. This reflects the continuing uncertainty amongst lenders about the liquidity outlook.

Himachal Pradesh is the worst affected by cloudbursts and floods over the past few days. The Indian Meteorological Department (IMD) has issued fresh warnings of heavy rainfall expected until July 18, further exacerbating the situation. According to data released by the Department of Revenue in the Himachal Pradesh government, the estimated cost of the damage has soared to over Rs 3,738.28 crore.

​​The market value of HDFC Bank is now more than that of Bank of China and Royal Bank of Canada. The merged entity was listed on Monday following the allotment of HDFC Bank shares to the shareholders of HDFC.

Ola Electric Mobility Pvt. is considering an IPO sooner than anticipated, as shares of the Indian startup have skyrocketed since launching electric scooters in December. Founder Bhavish Aggarwal had planned to wait four to six years before taking the company public, but the response to its electric scooters, which now claim an impressive 38% market share in India, has been overwhelming.

The Chinese economy is forecast to have grown just 0.5% in the second quarter, though the annual pace will be flattered by base effects at a predicted 7.3%. Retail sales, industrial output and urban investment are all expected to show slowing growth, which is why markets are counting on Beijing to unveil more stimulus measures soon.

The Antipodeans could face pressure if Chinese data disappoints. Elsewhere the dollar moves have been so large that a short-term breather may be in order. Sharp gains in the yen have slowed as traders weigh whether the ultra-dovish Bank of Japan is really likely to make any shifts at its policy meeting next week, given rhetoric suggests they are in no hurry.

Flair Writing is a leading player in the pens segment, with a revenue of ₹754 crore in FY23 from the pens writing instruments segment in India. The company proposes to utilise the net proceeds of the fresh issue towards setting up a new manufacturing facility for writing instruments funding capital expenditure, working capital requirements and repayment of borrowings.