Thursday, September 03
Shares of Ashok Leyland rallied 5% to hit a fresh 52-week high of Rs 156.45 on the BSE on Thursday, following the announcement of a proposed merger of its material subsidiary Hinduja Leyland Finance Limited (HLFL) with NDL Ventures Limited (formerly known as NXTDIGITAL Limited).The merger was approved by the Board of Directors of HLFL on November 25, 2025, as part of a Scheme of Merger by Absorption. According to the regulatory filings, the scheme was considered after a recommendation from the Audit Committee and Independent Directors.HLFL will be absorbed into NDL Ventures, subject to approvals from the Securities and Exchange Board of India (SEBI), the National Company Law Tribunal (NCLT), BSE, NSE, and other applicable statutory authorities.The appointed date for the merger is proposed
Shares of Patel Engineering surged 9.8% to touch the day’s high of Rs 36.40 on the BSE on Thursday, following the company’s announcement of receiving two significant Letters of Intent (LOIs) for coal excavation and transportation projects, with a total contract value of Rs 798.19 crore.The company disclosed that it has secured LOIs from Saidax Engineers and Infrastructure Private Limited for the execution of excavation and associated works at the Jhiria West Open Cast Project (OCP) in the Hasdeo Area of Bilaspur, Chhattisgarh. The project has been awarded by South Eastern Coalfields Limited (SECL).According to the company’s regulatory filing, the combined value of the contracts is Rs 798.19 crore, excluding taxes. The total execution timeline for the awarded contracts is nine years.T
Bandhan Bank on Thursday said its board has approved the sale of identified non-performing assets and written-off loan portfolios worth over Rs 6,900 crore through a bidding and auction process.In a regulatory filing, the bank said the proposal was cleared at its board meeting held during the day.The bank will invite bids under the Swiss Challenge method for the sale of NPA portfolios with more than 180 days past due, carrying a principal outstanding of Rs 3,212.17 crore as on September 30, 2025, according to the filing.It will separately go for the auction route to sell its written-off loan portfolio, which has a principal outstanding of Rs 3,719.14 crore as of the same date.These portfolios fall under the bank's Emerging Entrepreneurs Business (EEB), including group loans and small busin
US President Donald Trump advised Japanese Prime Minister Sanae Takaichi not to provoke China over Taiwan's sovereignty, the Wall Street Journal reported Thursday, after a diplomatic spat between Tokyo and Beijing.The row between Asia's two biggest economies began after Takaichi said that Tokyo could intervene militarily in any attack on the self-ruled island, which China claims as part of its territory.In a phone call with Trump on Monday, Chinese leader Xi Jinping pressed the issue, saying Taiwan's return was an "integral part of the post-war international order", according to China's foreign ministry.Shortly after, "Trump set up a call with Takaichi and advised her not to provoke Beijing on the question of the island's sovereignty", the WSJ reported, citing Japanese officials and an Ame
Eleven people died in a train crash in China's southern province of Yunnan on Thursday, Kunming Railway Station said, which was caused by a collision with a group of railway workers that also injured two others. The incident occurred when the train, which was testing seismic equipment, struck the workers, who had entered the track at a curved section inside the Luoyang Town Railway Station in the city of Kunming.
Shares of Whirlpool of India cracked 13.2% to their day’s low of Rs 1,041 on the BSE on Thursday, November 27, after its promoter entity, Whirlpool Mauritius Limited, likely sold an 11.8% equity stake in the company via a block deal.According to previous reports, the promoter entity was planning to offload up to a 7.5% stake in the company. The estimated size of the deal was pegged at around Rs 965 crore, according to a CNBC Awaaz report.This stake sale was supposed to comprise approximately 95 lakh shares previously.As per the details available, the floor price for the deal has been fixed at Rs 1,030 per share, which is a 14% discount from Whirlpool of India’s closing price of Rs 1,201.40 on the NSE.Whirlpool Mauritius currently holds a 51% stake, representing 6.47 crore equity shares
