Business
CMS Info Systems, SBI, Power Grid, IDFC FIRST Bank, Biocon and more: Top stocks to watch out for on Dec 31
As of 6:51 in the morning, SGX Nifty50 futures were flat at 17,290.5, which suggests that India’s major indexes opened tepidly on Friday. From the IPO of CMS Info Systems to stocks such as SBI, Power Grid, IDFC FIRST Bank, Biocon, Punjab National Bank and IRB Infrastructure Developers, it will all become the focus. The following is a list of stocks that need attention in today’s transactions:
The company has approved one or more investments in subsidiary Policybazaar Insurance Brokers up to 7 billion rupees during FY22 and FY23, and investments in subsidiary Paisabazaar Marketing up to 299.99 The Crore Company has approved an investment proposal to expand POWERGRID Telecom into the data center business and build a data center in Manesar at an estimated cost of approximately Rs 32,2 crore.
The lender’s board of directors has approved-in principle the merger of IDFC & IDFC Financial Holding Company and IDFC FIRST Bank. The board of directors established a committee, the Capital Raising and Corporate Restructuring Committee, to deal with the terms of the proposed merger.
Complete News Source : CNBC
Business
Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise
%20(3).jpg "Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise")
Tributes continue to pour in for Ratan Tata, with Virat Kohli and Jay Shah taking to their social media accounts to bid farewell to the industrialist.
Former Indian captain and batting legend Virat Kohli paid a touching tribute to Ratan Tata, the legendary business tycoon, who passed away on Wednesday night. Tata, a Padma Vibhushan recipient, was undergoing treatment in intensive care since Monday but breathed his last in Mumbai, leaving a profound impact on many across the nation.
Kohli expressed his condolences through his Instagram account on Thursday morning, sharing a heartfelt message along with a photo of the late industrialist.
Tata’s contribution to business, society, and philanthropy has been widely acknowledged, and his passing marks the end of an era.
The Board of Control for Cricket in India (BCCI) secretary, Jay Shah, also conveyed his sorrow, stating, “Deeply saddened by the loss of Shri Ratan Tata Ji. His leadership, integrity, and dedication to society set a remarkable standard for legacy. My heartfelt condolences to his loved ones. Rest in peace, Sir.” Shah’s words reflect the collective grief of a nation that has long admired Tata’s contributions to the country.
BCCI’s tribute
Additionally, the BCCI issued a statement about his demise.
“The BCCI expresses its deepest sorrow and joins the nation in mourning the passing of Shri Ratan Tata ji. His invaluable contributions across diverse fields have been instrumental in shaping India’s growth and success story.
His extraordinary legacy, founded on the principles of passion, empathy, visionary leadership, innovation, and excellence, will continue to inspire and guide future generations for years to come,” the statement read.
Ratan Tata, born on December 28, 1937, in Mumbai, embarked on his journey with the Tata Group in 1962 as a young executive. Over the decades, he transformed the group into a global conglomerate. His work was acknowledged with India’s second-highest civilian honour, the Padma Vibhushan, in 2008, and he received numerous accolades, including honorary doctorates from prestigious institutions in India and abroad.
Tata is survived by his family, including brothers and sisters Simone Tata, Jimmy Tata, Noel Tata, Aloo Tata, Shireen Jejeebhoy, Deanne Jejeebhoy, Leah Tata, Maya Tata, Neville Tata, Manasi Tata, Jamset Tata, Tiana Tata, and others, as mentioned in a family statement.
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