Latest Stock Market News

Chandramogan, a promoter of the company, held 56.76 per cent stake in the firm at the end of December 2021.

The order settles a crucial two-year old matter that created news within the country and international investment community. Andhra Pradesh’s attempt to renegotiate Power Purchase Agreements (PPAs), first in India, has been followed by other states like Gujarat and Punjab.

Several experts believe the central bank, in its quest to undergird fledgling growth through uncertain times, might be falling behind the curve in restraining inflation.

Last date for upward revision of the offer price and the size of the open offer is April 22, 2022, as per the letter shared on BSE by Eveready Industries.

The Reserve Bank has kept the policy rate unchanged at 4% since May 2020 and continued with its accommodative stance to ensure adequate liquidity to support growth and durable economic recovery.

While these discussions are at a very nascent stage, banks are seeking to pre-empt working capital disruptions for companies in the export and commodity businesses and those exposed to the oil and gas segment to prevent defaults.

Walmart CEO Doug McMillon described the global economy as "choppy, inconsistent, volatile" and said recovery "is going to take time."

The Dow Jones Industrial Average rose 599.1 points, or 1.82%, to 33,544.34, the S&P 500 gained 89.34 points, or 2.14%, to 4,262.45 and the Nasdaq Composite added 367.40 points, or 2.92%, to 12,948.62.

The Rs 604.76-crore open offer by the Burman group to acquire an additional 26 per cent in Eveready Industries is slated to open on April 26.

Treasury yields surged ahead of the Federal Open Market Committee decision, buoying the dollar against its Japanese peer, with traders fully priced for a first interest rate hike in three years, and giving 13% odds of a half-percentage point increase.