Friday, November 22
Varun Beverages plans to raise Rs 7,500 crore through a Qualified Institutional Placement to fund expansion, including investments in subsidiaries and strategic acquisitions. The funds will also aid debt repayment and corporate purposes. VBL's revenue in 2023 saw a 21.8% increase, totaling Rs 16,042.58 crore.
Nayara Energy, India's top private fuel retailer, posted a 14.3% rise in Q2 2024 fuel sales due to growing local demand. Most diesel and petrol were sold domestically, cutting exports. Strategic expansion into underserved markets has driven this growth, enhancing mobility and commerce.
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened flat in trade on Friday. While BSE Sensex was near 82,800, Nifty50 was above 25,350.
Stock market today: BSE Sensex and Nifty50 surged over 1.5% to reach new all-time highs, reflecting positive global market sentiment. The market capitalization of all listed companies on the BSE increased by Rs 6.6 lakh crore, reaching Rs 467.36 lakh crore
Stock market today: The over 1% surge in BSE Sensex and Nifty50 mirrored global market trends. This upswing was driven by expectations of increased foreign inflows into domestic equities.
The Adani Group has denied allegations from Hindenburg Research that Swiss authorities froze over $310 million across six bank accounts amid a money laundering investigation. The group clarified it is not involved in any Swiss court proceedings and emphasized its commitment to transparency and legal compliance.
