Indian shares dip as ITC weighs on benchmarks

[ad_1] By Vivek Kumar M and Bharath Rajeswaran (Reuters) -India’s benchmark indexes fell on Wednesday, dragged by a drop in heavyweight ITC, even as positive global cues buoyed broader sentiment. The Nifty 50 was down 0.25% at 24,765.35, while the BSE Sensex traded 0.27% lower at 81,332.03 as of 10:35 a.m. IST. ITC, the sixth…

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Mcap of 8 of top-10 most valued firms fell by ₹1.60 lakh crore; Reliance biggest laggard

[ad_1] Eight of India’s ten most valuable companies collectively lost ₹1.60 lakh crore in market value last week, with Reliance Industries suffering the largest decline amid a broader market downturn. The BSE benchmark index fell by 1,047.52 points, or 1.30%, during the week. Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), Bharti Airtel, ICICI Bank,…

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Mcap of seven of top 10 firms jumps by ₹2.31 lakh crore last week; Reliance, HDFC Bank biggest gainers

[ad_1] Seven out of the ten most valuable companies in India saw a combined increase of ₹2.31 lakh crore in market valuation during the previous, holiday-shortened week, with Reliance Industries leading the gains amid generally positive sentiment in the equity market. The companies that registered valuation gains were Reliance Industries, HDFC Bank, Bharti Airtel, ICICI…

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ITC to acquire Aditya Birla-owned paper producer Pulp & Paper Undertaking for ₹3,498 crore

[ad_1] Fast-moving consumer goods (FMCG) giant ITC Limited is set to acquire Aditya Birla-owned paper-producing firm Pulp & Paper Undertaking for a sum of ₹3,498 crore to strengthen its speciality paper and paperboard business, according to an exchange filing on Monday, March 31. “The acquisition will strengthen the market standing of ITC’s Paperboards and Specialty…

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