Sheela Foam set to acquire Spanish firm Interplasp Sheela Foam set to acquire Spanish firm Interplasp Dnyanada Kulkarni / Friday, July 26, 2019 0 5853 Article rating: 4.5 The Board of Directors of Sheela Foam Ltd. approved the proposal to acquire Interplasp S.L., Spain. The acquisition will pave a way for Sheela Foam Ltd. to venture into Europe, which is the world’s largest polyurethane foam market. Read more
Bajaj Finance dips 6 per cent as provisions rise Bajaj Finance dips 6 per cent as provisions rise Dnyanada Kulkarni / Thursday, July 25, 2019 0 4261 Article rating: 4.1 The shares of Bajaj Finance plummeted 6 per cent in Thursday’s trading session as provisions in Q1FY20 surged 69 per cent to Rs. 551 crore from Rs. 327 crore in Q1FY19. Read more
Tata Motors faces rating downgrade Tata Motors faces rating downgrade Dnyanada Kulkarni / Thursday, July 25, 2019 0 1530 Article rating: 4.0 Fitch Ratings downgraded the credit ratings of Tata Motors to BB- from BB, while also lowering its outlook to negative. Following this, the stock experience negative sentiments on Thursday. Read more
Reliance Industries: Recent developments Reliance Industries: Recent developments Dnyanada Kulkarni / Thursday, July 25, 2019 0 6461 Article rating: 3.2 RIL reported a steep drop in free cash flows as they declined to the lowest levels seen in the last 11 years. The drop in free cash flows is primarily on account of rising capital expenditure. Read more
FIIs withdraw US$ 1 billion this July FIIs withdraw US$ 1 billion this July Dnyanada Kulkarni / Thursday, July 25, 2019 0 1506 Article rating: 4.6 Foreign Institutional Investors (FIIs) have continued selling Indian shares throughout this month of July, bringing the total exit value to as high as US$ 1.2 billion so far! Read more