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Business Standard

F&O Insights: Nifty pivot at 25,000; India VIX hints bullish bias building

Derivatives market update for Sept 12: Among individual stocks, Page Industries saw long buildup, while Aarti Industries and Tata Motors saw positions added on the short side of trade.

The Economic Times

Page Industries, Torrent Pharma among 5 stocks with short covering

Short covering occurs when traders repurchase stocks they had previously borrowed and sold, typically prompted by a change in market sentiment or the emergence of new information.

The Economic Times

Reliance in pact with Israeli apparel company Delta Galil

Reliance has partnered with Israeli firm Delta Galil to form a joint venture for designing and selling lingerie in India. This collaboration will compete with Page Industries, known for brands like Jockey. The venture will also introduce Delta's global brands to the Indian market, expanding Reliance's already significant presence in the innerwear segment.

Business Standard

NCLT approves merger of Reliance-owned Viacom18 Media with Star India

The NCLT on Friday approved the scheme of merger of Reliance Industries-owned Viacom 18 Media -- the holding company of the group's media and entertainment assets -- with Star India. A two-member bench of the National Company Law Tribunal (NCLT) approved the composite Scheme of Arrangement among Viacom 18, Digital18 and Star India, a unit of global media giant The Walt-Disney. The development comes two days after the Competition Commission of India approved the merger of media assets of Reliance Industries and The Walt Disney Co to create the country's largest media empire worth over Rs 70,000 crore. Approving it, the NCLT observed: "From the material on record, the Scheme appears to be fair and reasonable and is not violative of any provisions of law and is not contrary to public policy". The NCLT in its 22-page-long order also observed that the scheme "will be made effective, in terms of the Scheme, only upon the receipt of the approval of the Competition Commission of India". T

Business Standard

NCLT approves merger of Reliance-owned Viacom18 Media with Star India

The NCLT on Friday approved the scheme of merger of Reliance Industries-owned Viacom 18 Media -- the holding company of the group's media and entertainment assets -- with Star India. A two-member bench of the National Company Law Tribunal (NCLT) approved the composite Scheme of Arrangement among Viacom 18, Digital18 and Star India, a unit of global media giant The Walt-Disney. The development comes two days after the Competition Commission of India approved the merger of media assets of Reliance Industries and The Walt Disney Co to create the country's largest media empire worth over Rs 70,000 crore. Approving it, the NCLT observed: "From the material on record, the Scheme appears to be fair and reasonable and is not violative of any provisions of law and is not contrary to public policy". The NCLT in its 22-page-long order also observed that the scheme "will be made effective, in terms of the Scheme, only upon the receipt of the approval of the Competition Commission of India". T

Mint

Page Industries sees uptick, but growth hurdles persist

Page Industries, exclusive licensee for Jockey in India, saw its best Q1 revenue growth in seven quarters. But the company anticipates it may be tough for it to achieve the earlier stated target by FY26 amid persistent slowdown and challenges in retail across brands

CNBC TV18

Page Industries to revise '$1 billion revenue by FY26 target', half way still to go

Shares of Page Industries have come off 25% from their October 2022 high as they closed Friday’s session at ₹40,947.50 on the NSE. However, with a dividend per share of ₹370, the company was ranked one of the highest dividend-paying companies in FY24.

The Economic Times

Page Industries stock price up 0.49 per cent as Sensex climbs

As of 31-Mar-2024, promoters held 0.0 per cent stake in the company, while FIIs held 20.86 per cent and domestic institutional investors had 19.27 per cent.