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The cash-and-stock deal, pegged at around Rs 2,500-Rs 2,800 crore, is expected to be one of the largest acquisitions in the beauty and personal care segment.

GEL witnessed significant re-rating on the back of consistent outperformance despite various headwinds. For FY22, GEL exports grew 58% YoY vs. 36% India exports.

Adani Green, Kotak Mahindra Bank, Adani Total Gas, Havells India, Tata Consumer Products, ABB India, Deepak Nitrite, IIFL Wealth Management, Laxmi Organics, Oracle Financial Services Software, SIS, Rain Industries and EIH are among the companies that will announce their March quarter results today.

The stock appreciated at 55% CAGR in the last three years. The brokerage revised its rating on the stock from HOLD to BUY due to better soda ash pricing environment.

More than half a dozen brokers raised at least ₹3,618 crore through Commercial Papers (CPs) between April 25 and 29. Most of them are believed to be bank-owned broking companies.

Among the notable purchases were Jubilant Pharmova, Canara Bank and Indiabulls Housing, where Rakesh Jhunjhunwala increased stake by 0.2-0.5%. Jhunjhunwala has trimmed his stake in TV18 Broadcast by 0.3% and offloaded 0.2% in pharma sector firm Wockhardt.

The Dow Jones Industrial Average rose 67.29 points, or 0.2%, to 33,128.79, the S&P 500 gained 20.1 points, or 0.48%, to 4,175.48 and the Nasdaq Composite added 27.74 points, or 0.22%, to 12,563.76.

Starbucks has raised wages for employees. Even so, more than 50 U.S. cafes have elected to join the Workers United union, while five stores voted against the union, out of roughly 240 altogether that have sought to hold elections since August.

Super-sized issues such as One97 Communications (Paytm) in 2021, General Insurance Corporation in 2017, Reliance Power in 2008 and Coal India in 2010 have lost money after listing. The slump in some of those denied investors the opportunity to recover even their subscription money.

Musk has told potential investors he plans to stage an initial public offering to return Twitter to public markets, the report said.