enterprise Fitch assigns ‘Neutral’ rating to UltraTech post stake buy in India Cements The agency expects consolidation in India’s cement industry to continue in the medium term. By Chitranjan Kumar
investing Bansal Wire Ind, Emcure Pharma IPOs to open next week; ₹2,700 cr at stake Emcure Pharmaceuticals looks to raise ₹1,952 crore via IPO, while Bansal Wire Industries aims to garner ₹745 crore. By Chitranjan Kumar
investing RK Damani sells 6.91 cr shares of India Cements to UltraTech for ₹1,914 cr; stock falls 3% Radhakishan Damani, the founder of DMart chain of hypermarkets, sold around 24% stake in India Cements to Ultratech Cement via block deals yesterday. By Chitranjan Kumar
investing Indian govt bonds set to join JP Morgan index from June 28; $25-30 bn of inflow expected 23 Indian government bonds with a combined notional value of $330 billion are eligible for inclusion in the GBI EM index. By Chitranjan Kumar
investing Dr. Reddy's shares rise 3% on buying Haleon’s nicotine gum biz; here’s what brokerages say The pharma major has agreed to acquire Haleon Plc’s Nicotinell and related portfolio outside of the U.S., for 500 million pounds. By Chitranjan Kumar