Latest news with #BSE100
Time of India
23-05-2025
- Business
- Time of India
Trent, Bharat Electronics enter sensex, Nestle, IndusInd Bank make an exit
Asia Index, an arm of BSE, on Thursday said that effective June 23, Trent and Bharat Electronics will replace Nestle and IndusInd Bank in the sensex . The changes are part of the regular rebalancing process that various indices are subjected to. Asia Index also made changes to five more BSE indices: BSE 100, Sensex 50, Sensex Next 50, and the Bankex. In BSE 100, Dixon Tech, Coforge and Indus Towers will replace Bharat Forge, Dabur India and Siemens. Among the others, in Bankex, IDFC First Bank will replace Canara Bank. In the BSE Sensex 50 index, InterGlobe Aviation and Shriram Finance will be included, replacing Britannia Industries and Hero MotoCorp. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
22-05-2025
- Business
- Mint
BSE Sensex Rejig: Trent, BEL to replace Nestle India, IndusInd Bank on BSE Sensex index from July 23
Asia Index, the benchmarks and market intelligence arm of BSE, on Thursday said that Tata group-owned Trent and state-owned Bharat Electronics will replace Nestle India and IndusInd Bank in the 30-share Sensex. The changes will come into effect from the beginning of trading on June 23, BSE said in a statement. The rejig marks a shift in the composition of the benchmark index, with Trent and Bharat Electronics being added while FMCG major Nestle India and private sector lender IndusInd Bank will exit the Sensex as part of the reconstitution. In a broader reshuffle, the exchange also announced changes in other indices as well. In the BSE 100 index, Dixon Technologies (India), Coforge, and Indus Towers will be added while Bharat Forge, Dabur India, and Siemens Ltd will be dropped, the exchange said. In the BSE Sensex 50 index, InterGlobe Aviation, which operates India's largest airline IndiGo, and Shriram Finance will be included, replacing Britannia Industries and Hero MotoCorp. In addition, Britannia Industries, Dixon Technologies (India), Coforge, Hero Motocorp and Indus Towers will be added to the BSE Sensex Next 50 index. Interglobe Aviation, Shriram Finance, Bharat Forge, Dabur India and Siemens will be dropped from the BSE Sensex Next 50. Also, IDFC First Bank is set to join the BSE Bankex benchmark, by replacing Canara Bank, it added.
Time of India
22-05-2025
- Business
- Time of India
BSE Sensex rejig: BEL to replace IndusInd Bank, Tata Group's Trent to oust Nestle from June 23, 2025
BSE Sensex rejig: Tata Group's retail arm Trent is all set to replace FMCG giant Nestle India whilst defence PSU Bharat Electronics Limited (BEL) will replace IndusInd Bank in the BSE Sensex following the index rejig, which takes effect from June 23, 2025. Tired of too many ads? go ad free now The rejig for Sensex and additional indices were announced by BSE's fully-owned subsidiary Asia Index Private Limited after today's trading session. The removal of Nestle India from the index follows its poor stock performance. The FMCG company's share price has declined by approximately 5% in the previous year, falling behind Nifty's 9% gains during the same period. In contrast, Trent has surpassed the primary index, delivering 15% returns over the past 12 months. The defence sector PSU stock BEL has demonstrated even stronger performance with stability, achieving returns of 35% during the previous 12-month period. IndusInd Bank's share has declined more than 40% in the past year. The bank reported its first loss in 20 years, amounting to Rs 2,329 crore, alongside discovering a suspected internal staff fraud of Rs 172.58 crore, which was incorrectly recorded as fee income across three quarters. Consequently, analysts are downgrading the stock and reducing target prices. The BSE 100 index will undergo changes with Dixon Technologies (India), Coforge and Indus Towers being included, whilst Bharat Forge, Dabur India and Siemens will be removed. In the BSE Sensex 50 modification, InterGlobe Aviation, which operates Indigo airlines, will take Britannia Industries' position, and Shriram Finance will replace Hero MotoCorp.
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Business Standard
20-05-2025
- Business
- Business Standard
Rethinking how promoters handle dissent can empower shareholder democracy
Given the concentrated ownership and control, external investors are willing to invest only when they can trust the company's governance and leadership Amit Tandon Listen to This Article The ownership structure of Indian companies has had an outsized influence in shaping the country's corporate governance. For starters, around 65 per cent of companies in the BSE100 are family-owned and family-run. This number only goes up as you move beyond the frontline indices. The data from the Nifty 500 too backs this up — promoters held 54.5 per cent of equity back in December 2015, which rose to 58.9 per cent by June 2020. Today they own about 51 per cent. While this is a drop from the peak, it is still more than what institutional investors and all
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Business Standard
19-05-2025
- Business
- Business Standard
Strong growth seen for Divi's Laboratories, but upside capped by valuations
Divi's posted a 12 per cent growth in revenues over the year-ago quarter. Although revenue growth has moderated after four consecutive quarters of top line growth in the 18-25 per cent range Ram Prasad Sahu Listen to This Article The stock of contract development and manufacturing organisation (CDMO) Divi's Laboratories was among the top gainers in the BSE 100 index on Monday. It rose 4.81 per cent as fourth-quarter revenues beat estimates across key segments, while margins hit multi-quarter highs. The management has guided for double-digit growth for 2025–26 (FY26), which, coupled with stronger momentum from China+1 and the commercialisation of the blood sugar control drug glucagon-like peptide-1 (GLP-1), will act as key triggers. Brokerages, however, believe upsides are limited as valuations have turned expensive. Divi's posted a 12 per cent growth in revenues over the year-ago quarter. Although
