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Business Line

Shahlon Silk diversifies into effluent treatment business; stock trades flat

Surat-based Shahlon Silk to install common effluent treatment plant of 8 MLD capacity

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Thursday

Indian indices ended lower on Wednesday, breaking their two-day winning streak. Nifty formed a spinning top candle, indicating short-term hesitation. Analyst Hrishikesh Yedve recommends a buy on dips strategy as long as Nifty stays above 25,080. Resistance is at 25,500, and support is at 25,280-25,300.--

Business Line

SP Apparels to raise ₹100 crore through PE

It will exit the HEAD brand by December

The Economic Times

Last day to buy for eligibility! Multibagger smallcap stock goes for 1:10 stock split

Nandan Denim, a multibagger small-cap company, is attracting attention today as the board of directors has set September 19 as the record date for its 1:10 stock split. Consequently, today is the last opportunity for investors to purchase shares and qualify for the split. The company had approved the share sub-division earlier in June before announcing the record date in September.

The Economic Times

Yashoda Hospital acquires 4.5 acres in B'luru for ₹344 cr

Hyderabad-based Yashoda Hospital has acquired 4.5 acres of land at Bengaluru's Silk Board junction for ₹344 crore, marking the highest-value land deal on this stretch. The acquisition is part of a stalled office project by Ozone Group, which will now complete the project and hand it over to the hospital chain.

The Economic Times

Limited Impact of Bangladesh's developments on India's FMCG, footwear & soft luggage sector: CRISIL

Recent developments in Bangladesh have had a limited impact on India's trade, according to a CRISIL report. Sectors like FMCG, cotton yarn, and footwear may see minor effects, while ship breaking and readymade garments could benefit. Prolonged disruptions could affect export-oriented industries with ties to Bangladesh.

Business Standard

Wholesale inflation at four month low, food prices soften

The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 1.31% (Provisional) for the month of August, 2024 (over August, 2023). Positive rate of inflation in August, 2024 is primarily due to increase in prices of food articles, processed food products, other manufacturing, manufacture of textiles and manufacture of machinery & equipment etc. However, this is the lowest WPI inflation in last four months.

Mint

Stocks in focus: Ruchit Jain of 5paisa recommends buying NTPC, and Greaves Cotton today

Stocks in focus: Ruchit Jain of 5paisa has recommended two stocks today - NTPC Ltd and Greaves Cotton Ltd.

Mint

Chips, fibre and EVs: What Brookfield has in mind after a successful tower acquisition

Talks to invest in fibre and smart meter segments are at a more advanced stage, while the plan for semiconductors is still a thesis. The firm is also evaluating opportunities in developing infrastructure for EVs.

Business Standard

EoI floated for Rs 13,000 cr coal gasification project by CIL-Gail JV

An Expression of Interest (EoI) for shortlisting licensors of coal gasification technology for a proposed coal-based synthetic natural gas (SNG) plant in West Bengal was floated by the GAIL and Coal India Limited (CIL) joint venture responsible for promoting the project, an official said on Monday. The project, valued at an estimated amount of Rs 13,052 crore, considering a debt-equity ratio of 70:30, was approved by the Cabinet, and coal for the plant will be supplied by CIL's subsidiary, Eastern Coalfields Ltd. Coal India will hold a 51 per cent stake in the JV, while GAIL will have a 49 per cent share. "The EoI, floated by Projects & Development India Limited (PDIL) on behalf of the JV, seeks responses from internationally reputed technology licensors with the requisite coal gasification technology, willing to provide it for the commercial production of SNG," the official told PTI. The document mentions, "The proposed JV of GAIL & CIL intends to set up an 80,000 NM3/hr ...

The Economic Times

EoI floated for coal gasification tech for Rs 13,000cr project by CIL-GAIL JV

GAIL and Coal India Limited have floated an Expression of Interest for shortlisting licensors of coal gasification technology for a proposed synthetic natural gas plant in West Bengal. The project, valued at Rs 13,052 crore, aims to use coal from Eastern Coalfields Ltd. The last date for EoI submission is October 15.

Mint

Mint Explainer: Inside the lucrative world of soft-drink bottling manufacturers and why they are going public

Experts say there is a larger trend of consumer giants spinning off their units to optimise their balance sheets, go asset-light and focus on their core brands and business models.

CNBC TV18

SEBI dismisses case against NSE, Chitra Ramkrishna, Ravi Narain, others in co-location facility matter

The case relates to the alleged preferential access given to certain broking firms, including OPG Securities, in the form of 'dark fibre' at NSE to connect across the colocation facilities before other members.

The Economic Times

India Yamaha Motor unveils R15M with Carbon Fibre pattern at Rs 2.08 lakh

India Yamaha Motor has introduced a new variant of its R15M motorcycle featuring a Carbon Fibre Pattern graphic design, priced at Rs 2.08 lakh (ex-showroom Delhi). The bike is equipped with a 155cc liquid-cooled engine and aligns with Yamaha's 'Call of the Blue' campaign. The upgraded R15M in Metallic Grey is available for Rs 1,98,300.

Business Standard

India Yamaha Motor unveils R15M with Carbon Fibre pattern at Rs 2.08 lakh

Two-wheeler major India Yamaha Motor has unveiled a new variant of its popular 155cc motorcycle R15M equipped with a Carbon Fibre Pattern graphic design at Rs 2.08 lakh (ex-showroom Delhi). Equipped with 155cc liquid-cooled engine, the R15M variant aligns with Yamaha's 'Call of the Blue' brand campaign. "Yamaha motorcycles are well known for their exhilarating performance, exciting agility and eye-catching sporty design. Since its launch in 2008, the R15 has embodied class leading performance and has enabled numerous consumers in India to experience the joy of riding a SuperSport motorcycle with thoroughbred Yamaha Racing DNA", Yamaha Motor India Group of Companies, Chairman Eishin Chihana said in a company statement. The R15M with Carbon Fibre pattern is available at Rs 2.08 lakh (ex-showroom Delhi) at Yamaha Blue Square showrooms while the price of upgraded R15M in Metallic Grey is offered at Rs 1,98,300 (ex-showroom Delhi) at Yamaha dealerships.

The Economic Times

Yamaha New R15 M launched: Here are price, engine, colours, specs details

Yamaha New R15 M: Yamaha Motor India has launched the Yamaha R15 M with new carbon fibre pattern graphics, priced at Rs 2.08 lakh. The bike features turn-by-turn navigation, music control via the Y-Connect App, and upgraded switchgear. It retains its 155cc engine, offering 18bhp power and 14.2Nm torque.

Business Standard

Corning bullish on biz growth in India, to employ 1,600 people at new units

High-tech glass company Corning is bullish on growth from mobile consumer electronics and life sciences businesses in India, a senior company official said on Thursday. The automotive and optical fibre business is the biggest revenue contributor to the company in the country, at present. Corning which started business by providing glass cover for bulb invented by Thomas Alva Edison has expanded into several verticals to provide glass technology ranging from electronics display protection cover for mobile, television displays, semiconductor manufacturing, space telescopes to glass based packaging for labs, vaccines etc. "We waited for ecosystem to be established in India where we are seeing now global players are already establishing footprints to manufacture smartphones, and we just want to be a part of the supply chain. India is now becoming a rising star. We want to just be part of the story," Corning International, division vice president and general manager Gokhan Doran told ...

Business Standard

HFCL showcases its latest innovative highdensity blown fibre solutions

At Connected Britain 2024 event

Business Line

Bharat Biotech collaborates with Alopexx for anti-microbial vaccine

‘As part of the collaboration, the companies will co-develop and commercialise AV0328, a synthetic vaccine targeting poly N-acetyl glucosamine (PNAG)‘

CNBC TV18

Century Textiles shares up 12% in two sessions; Ambit sees shares at ₹2,850

With the recent acquisitions, Century Textiles has already achieved 2 times its annual business development guidance of ₹20,000 crore for FY25.

Mint

Aditya Birla Group Stock: Century Textiles surges 14% in 2 days; what's behind the sudden spike?

Century Textiles' shares surged 8.2 percent to ₹2,689 after acquiring land in Worli for ₹1,100 crore. This acquisition is projected to generate ₹14,000 crore in booking value, contributing to the company's real estate expansion.

Business Standard

Century Textiles hits record high after buying Rs 1,100-cr land in Mumbai

Century Textiles and Industries Limited has acquired the ownership rights of the 10-acre land parcel in Worli, Mumbai for Rs 1,100 crore

Business Standard

Century Textiles & Industries acquires ownership of 10-acre land in Worli, Mumbai

For a consideration of Rs 1,100 cr

Business Line

Stocks that will see action today September 10, 2024

Buzzing stocks: Century Textiles, Reliance, Page Ind, Lux Industries, Tata Motors, Dixon Tech, Axis Bank, HDFC Bank, Godrej Properties, IREDA, Ramco Systems, PC Jeweller, Jubilant Pharmova

Business Standard

Textiles, infrastructure sector may see high NPA levels: Ficci-IBA survey

Bankers said these sectors stand out from the overall trend

Business Standard

Century Textiles buys Nusli Wadia's land parcel worth Rs 1,100 cr in Worli

The land parcel adds an approximate booking value potential of Rs 14,000 crore to the company

The Economic Times

Century Textiles buys Nusli Wadia’s 10-acre land parcel in Mumbai’s Worli for Rs 1,100 cr

The long-standing legal dispute between Wadia Group Chairman Nusli Wadia and Aditya Birla Group has concluded. Century Textiles and Industries, a subsidiary of the Aditya Birla Group, acquired ownership rights to a 10-acre leasehold land in Mumbai's Worli locality for Rs 1,100 crore. The land will be developed by Birla Estates.

Business Standard

Century Textiles & Inds hits record high after acquiring 10 acre land parcel in Worli

Century Textiles & Industries (CTIL) rallied 5.31% to Rs 2,480.05 after the company announced that it has acquired ownership rights of approximately 10 acre leasehold land parcel in Worli at Mumbai from Nusli Wadia.

CNBC TV18

Century Textiles shares jump after ₹1,100 crore Worli land acquisition

The textile major's stock was trading 5.5% higher as at 3 pm IST to ₹2,484 per share on NSE.

Business Standard

Century Textiles shares climb 7% on acquiring 10 acre land parcel in Mumbai

Century Textiles stock price today surged after the company acquired around 10 acres of land parcel in Worli, Mumbai. The company plans to develop the land, through its real estate subsidiary

The Economic Times

India to soon produce carbon fibre: Giriraj Singh

India's technical textile exports are set to surpass the $10 billion target by 2030, according to textiles minister Giriraj Singh. The country will soon produce niche carbon fibre, currently imported from various countries. Efforts under the National Technical Textiles Mission and the PLI scheme are driving this growth.

Business Standard

Carbon fibre will be produced by India in 2025-26: Textile minister Giriraj

Union Textiles Minister Giriraj Singh on Friday expressed confidence that the niche carbon fibre -- which is used in aerospace, civil engineering and defence as an alternative to metal -- will be produced by India in 2025-26. Currently, India does not produce any carbon fibre and relies completely on imports from countries such as the US, France, Japan and Germany. The European Union's proposed Carbon Border Adjustment Mechanism, a tax on embedded carbon imports, is expected to kick in from 2026. "The coming days belong to Technical textiles in every sector... I am fully confident that in 2025-26 the niche carbon fibre product will also be with India," Singh told reporters here. The minister asserted that after the Narendra Modi-led government came to power, it has "balanced imports" in the hygiene sector. "Earlier we used to import diapers. Thanks to PM Modi for bringing production-linked incentive (PLI) scheme which has created excitement in the industry," Singh said. Earlier w

The Economic Times

Stock market update: Stocks that hit 52-week highs on NSE in today's trade

VST Industries, Laxmi Cotspin, Nandan Denim, Godfrey Philips and Mrs. Bectors Food Specialities, hit their fresh 52-week highs during the day.

Business Line

Kanoria Chemicals doubles hexamine production with new manufacturing plants in Gujarat

The expansions aim to meet the increasing demand in sectors such as pharmaceuticals, rubber, textiles, and agrochemicals, both domestically and internationally

The Economic Times

India’s own body size chart for clothes soon: Giriraj Singh

India is set to introduce INDIAsize, a new clothing sizing system tailored to Indian body types, replacing UK and US-based sizes. This initiative, led by textiles minister Giriraj Singh, aims to address fitting issues and will be launched soon. Additionally, the VisioNxt Fashion Forecasting Initiative will combine AI and EI to predict fashion trends specific to India.

Business Standard

Birla Estates acquires 30.8 acre land parcel on Thane-Belapur Road, Mumbai

Birla Estates, the real estate arm of the Aditya Birla Group and a wholly-owned subsidiary of Century Textiles & Industries, through its wholly-owned subsidiary Ekamaya Properties has acquired land from Hindalco Industries for the development of a prime land parcel on Thane-Belapur Road, Mumbai.

Business Line

Stocks that will see action today: September 5, 2024

Buzzing stocks: Reliance Ind, Prestige Estates, Suzlon, Canara Bank, NBCC (I), RITES, GIC (RE), NHPC, Vedanta, Sona BLW, PNB Housing, Matrimony.com, Century Textiles

CNBC TV18

Reliance Industries, Suzlon Energy, Century Textiles, Sona BLW and more: Top stocks to watch out for on September 5

stocks to watch, Reliance Industries, Suzlon Energy, Century Textiles and Industries, Linde India and more, these are the stocks to watch for today.

CNBC TV18

Century Textiles issues ₹400-crore corporate guarantee to Hindalco for Thane land sale

This agreement supports Ekamaya Properties Private's acquisition of the land from Hindalco Industries, with the payment to be made in multiple tranches over time. Shares of Century Textiles and Industries Ltd ended at ₹2,327.30, up by ₹34.30, or 1.50%, on the BSE.

The Economic Times

India’s textile industry to grow to $350 bn by 2030, add 3.5 cr jobs

India's textile industry is projected to grow to $350 billion by 2030, creating 3.5 crore jobs, according to textiles minister Giriraj Singh. The Bharat Tex 2025 event aims to boost India's global sourcing and investment appeal, featuring over 5,000 exhibitors and attracting international buyers and speakers.