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5 min read | Updated on August 12, 2025, 08:01 IST
SUMMARY
Stocks to Watch: Tata Group-owned Indian Hotels Company Ltd (IHCL) on Monday said a committee constituted by its board has approved and executed agreements to acquire about 51% stake each in two entities -- ANK Hotels and Pride Hospitality -- which have a portfolio of 135 hotels operated under 'The Clarks Hotels & Resorts' brand.
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The transactions to be executed via cash consideration are expected to be completed by November 15, 2025.
The share subscription and purchase agreements and shareholders' agreements were executed to acquire about 51% equity stake for an amount not exceeding ₹110 crore in ANK Hotels Pvt Ltd, and Rs 94 crore in Pride Hospitality Pvt Ltd, according to a regulatory filing.
Advising stakeholders not to worry too much about the US tariffs, Rane noted Europe and Vietnam are good export markets for Indian shrimp, but added the domestic seafood market is big enough to support farmers and fishermen.
The financial services company had earned ₹171 crore in the same quarter a year ago.
Total income rose to ₹1,121 crore during the June quarter 2025-26, from ₹1,093 crore a year ago, JM Financial said in a regulatory filing.
Total expenses declined to ₹529 crore compared to ₹849 crore in the April-June quarter of FY25.
Net worth during the quarter has crossed ₹10,000 crore.
The company had posted a consolidated net profit of ₹174 crore in the corresponding quarter last fiscal, Bata India said in a regulatory filing.
Consolidated revenue from operations in the first quarter stood at ₹941.85 crore against ₹944.63 crore in the year-ago period, it added.
Bata India said during the quarter ended June 30, 2024, and year ended March 31, 2025, the board of directors of the holding company approved the sale of a freehold industrial land to an unrelated party for a consideration of ₹156 crore.
The new outdoor testing facility is expected to be fully operational by December 2025 and will immediately begin supporting ongoing product development initiatives for both existing and future tyre lines, the company said in a statement.
Being developed under a long-term agreement with UTAC, a globally recognised automotive testing and certification group, the facility will feature dedicated test tracks purpose-built for winter and all-season tyre testing in real-world conditions, it added.
Its net profit stood at ₹2.78 crore in the year-ago period.
Total income rose to ₹353.04 crore during the April-June period of this fiscal year from ₹267.87 crore in the corresponding period of the preceding year, according to a regulatory filing on Monday.
Awfis said the board has approved entering into a new line of business, which falls under the office furniture and furnishing industry.
The company will initially invest ₹8-10 crore in this new vertical.
The state-owned 'Maharatna' company has given the contract to Quippo Oil and Gas Infrastructure, which was acquired by Hazoor recently.
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