The Indian stock market ended last week on a flat note despite gains in the auto and FMCG sectors. The Reserve Bank of India’s Monetary Policy Committee decision to maintain the key interest rates for the 11th consecutive time led to subdued trading activity. In today’s session, several stocks, including Ultratech, Paytm, L&T, Biocon, Alembic Pharma, and CEAT, will be …
UltraTech Cements, owned by Aditya Birla Group, announced its plans to acquire a 23 per cent stake in Chennai-based India Cements, raising speculations over a hostile takeover. However, as per market sources, the shares have been mostly bought from D-Mart founder Radhakishan Damani and his associated entities, who held a 20.78 per cent stake in India Cements. ELM Park Fund …
