Latest news with #SajjanJindal-owned
Time of India
2 days ago
- Business
- Time of India
JSW Cement debuts on exchanges, aims to be among top 2 players
JSW Cement , which debuted on exchanges on Thursday, aims to be among the top two cement producers in the country, managing director Parth Jindal said. 'To be a part of the JSW Group, we are not allowed to be in the top five or the top 10. If I have to have a bed in my house where I stay with my father then I have to dream to be in the top two,' he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 15 most beautiful women in the world Undo JSW Steel , the flagship company of the Sajjan Jindal-owned JSW Group, is currently the largest producer of steel in the country. Shares of JSW Cement listed at an over 4% premium to its issue price of Rs 147. After touching an intraday high of Rs 154.70, the shares ended 0.9% lower at Rs 146.05 apiece on the BSE. The company had a market capitalisation of Rs 19,911 crore as on Thursday. It is currently the ninth largest producer of cement in the country with the capacity to produce 20.60 million tonnes of cement annually. Live Events UltraTech Cement is the market leader , followed by Adani Cement in the world's second largest market for the building material. The two players together account for nearly half of the country's production capacity.
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Business Standard
16-07-2025
- Business
- Business Standard
Stock Market LIVE: GIFT Nifty down; Asia drops; Trump tariffs, TechM, ITC Hotels Q1 in focus
Sensex Today | Stock Market LIVE on Wednesday, July 16, 2025: Around 7:00 AM, GIFT Nifty futures were trading 88 points lower at 25,178, indicating a negative start for the bourses. 7:11 AM Stock Market LIVE Updates: JSW Infra likely to consider QIP, FPO to dilute promoters' stake Stock Market LIVE Updates: Sajjan Jindal-owned JSW Infrastructure (JSW Infra) may evaluate options such as qualified institutional placement (QIP) and follow-on public offering (FPO) to dilute the promoter's stake in the company in line with Securities and Exchange Board of India (Sebi) norms. Sajjan Jindal, chairman, non-executive director, and individual promoter of JSW Infra, said at the company's annual general meeting on Tuesday: 'We will evaluate options, including qualified institutional placement and follow-on public offering, based on the capital expenditure requirements, prevailing market conditions, and in alignment with the long-term interest of the shareholders.' READ MORE 7:10 AM Stock Market LIVE Updates: US inflation meets expectations, but that's not necessarily good Stock Market LIVE Updates: Expectations are a funny thing. When we say that something meets expectations, we tend to mean it in a positive way, suggesting that a hurdle has been cleared or the result is welcome. But what happens when we expect something bad, and the outcome meets expectations? The US consumer price index in June, as reported by the Bureau of Labor Statistics Tuesday, matched the Dow Jones consensus estimate. And there was even a pleasant surprise: Core inflation, which excludes volatile food and energy prices, rose 0.2 per cent on the month, which was 0.1 percentage points below expectations. That said, both the headline and core inflation numbers, on an annual basis, hit their highest since February. 7:08 AM Stock Market LIVE Updates: HDFC Life Q1 net profit rises 14% to ₹546 cr on premium growth Stock Market LIVE Updates: HDFC Life Insurance on Tuesday reported a 14.23 per cent year-on-year (Y-o-Y) increase in net profit to ₹546 crore in the April-June quarter of 2025-26 (Q1FY26), aided by growth in renewal premium. Its net profit stood at ₹478 crore in Q1FY25. The renewal premium of the insurer grew by 19 per cent Y-o-Y to ₹7,603 crore, with 15 per cent growth in back book profits. READ MORE 7:07 AM Stock Market LIVE Updates: U.S. President Donald Trump on Tuesday said letters notifying smaller countries of their US tariff rates would go out soon, adding that his administration would likely set a tariff of 'a little over 10 per cent' for those countries. Trump, speaking to reporters after his arrival from an event in Pittsburgh, said he was very happy with 'simple deals' already announced that set blanket tariff rates for more than 20 countries and would address tariffs for remaining countries soon. 'We'll be releasing a letter soon, talking about many countries that are much smaller,' he said. 'We'll probably set one tariff for all of them ... probably a little over 10 per cent.' 7:06 AM Stock Market LIVE Updates: Trump says Indonesia trade deal features 19% tariff; Jakarta yet to confirm Stock Market LIVE Updates: President Donald Trump on Tuesday said he reached a preliminary trade deal with Indonesia that will set a 19 per cent tariff on the southeast Asian country's US exports. 'We will pay no tariffs. So they are giving us access into Indonesia, which we never had,' Trump told reporters outside the White House. 'That's probably the biggest part of the deal. And the other part is they are going to pay 19 per cent,' he said. 7:05 AM Stock Market LIVE Updates: ACKO selected as preferred insurance partner for Tesla customers in India Stock Market LIVE Updates: ACKO on Tuesday said it has been selected as the preferred insurance partner for Tesla, which has made an entry into India by opening its first showroom in Mumbai's Bandra Kurla Complex (BKC). With this strategic collaboration, Tesla owners in India will have a fully integrated journey — quote to cover to claim — done digitally, the insurer said. 'At the heart of this association lies a common goal: to simplify car-ownership through intelligent technology. By embedding insurance directly into the car-buying experience, Tesla and ACKO aim to reduce complexity, enhance customer convenience, and accelerate the adoption of electric vehicles in India,' ACKO said in its press release. Tesla will roll out its Model Y electric car with a starting price of ₹60 lakh. It is the first product available in India under the Tesla brand. READ MORE 7:04 AM Stock Market LIVE Updates: DoT may stick to Trai's satellite spectrum pricing recommendations Stock Market LIVE Updates: The Department of Telecommunications (DoT) is not considering any changes to the satellite spectrum pricing recommendations by the Telecom Regulatory Authority of India (Trai), despite opposition from telecom operators, which argue that the proposed charges are 'unfair' and 'unjustifiably low', according to government officials in the know. Under the Trai recommendations, satellite communications (satcom) providers would be required to pay 4 per cent of their adjusted gross revenue (AGR), in addition to an annual fee of ₹3,500 per megahertz and ₹500 per urban subscriber. READ MORE 7:02 AM Stock Market LIVE Updates: RBI monetary policy: August rate cut hopes get a fillip, says BS poll Stock Market LIVE Updates: The prospects of a further easing in policy rates by the Reserve Bank of India's Monetary Policy Committee (MPC) have become brighter with the headline retail inflation plummeting to a 77-month low of 2.1 per cent in June. While most economists expect the next rate cut to be effected in October or December, the probability of a reduction as early as August has also heightened. Irrespective of the timing, the hopes of more rate cuts on top of the 100 basis points (bps) of reductions effected since February to bring the policy rate to 5.5 per cent, are also fueled by expectations that retail inflation through this financial year (FY2026) may undershoot the RBI's projection of an average 3.7 per cent uptick in the key price gauge. Most economists have lowered their FY26 retail price rise projection after June's Consumer Price Index (CPI) was released on Monday. READ MORE 6:59 AM Stock Market LIVE Updates: Wall Street ends mixed
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Business Standard
15-07-2025
- Business
- Business Standard
JSW Infra likely to consider QIP, FPO to dilute promoters' stake
JSW Infra considers stake dilution via QIP and FPO to meet Sebi's minimum public shareholding norms as promoter group holds over 85 per cent in the company Mumbai Listen to This Article Sajjan Jindal-owned JSW Infrastructure (JSW Infra) may evaluate options such as qualified institutional placement (QIP) and follow-on public offering (FPO) to dilute the promoter's stake in the company in line with Securities and Exchange Board of India (Sebi) norms. Sajjan Jindal, chairman, non-executive director, and individual promoter of JSW Infra, said at the company's annual general meeting on Tuesday: 'We will evaluate options, including qualified institutional placement and follow-on public offering, based on the capital expenditure requirements, prevailing market conditions, and in alignment with the long-term interest of the shareholders.' According to Sebi's Minimum Public Shareholding (MPS) norms, listed Indian
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Business Standard
27-06-2025
- Business
- Business Standard
JSW Paints to buy 74% stake in Akzo Nobel India for ₹8,986 crore
Billionaire Sajjan Jindal-owned JSW Paints on Friday signed definitive agreements to acquire up to a 74.76 per cent stake in Akzo Nobel India Ltd for ₹8,986 crore ($1.08 billion), as the group looks to consolidate its presence in India's fast-growing paints and coatings market. The deal will see JSW Paints purchase shares from Dutch parent Akzo Nobel N.V. and its affiliates, subject to regulatory clearances and a mandatory open offer to public shareholders. The acquisition of the "Dulux" brand of paints would mark one of the largest buyouts in India's paints industry and significantly bolster JSW Paints' market position against established players such as Asian Paints and Berger Paints, and the Aditya Birla Group's newly launched brand. Akzo Nobel India, which markets well-known global brands such as Sikkens, has been a strong performer for its Dutch parent. 'We are confident the business is in the hands of a long-term partner with deep local expertise,' said Akzo Nobel N.V. chief executive officer Greg Poux-Guillaume. The transaction is expected to reshape the competitive landscape in India's decorative and industrial paints segment, which is projected to grow in double digits over the next decade, driven by rising home improvement demand and infrastructure expansion. The deal is subject to approval from the Competition Commission of India and successful completion of the open offer.
