BLOCK DEAL JB CHEMICALS
Stock market update: Fertilisers stocks up as market rises
The 30-share BSE Sensex closed up 592.93 points at 76617.44
Reciprocal tariffs: 3 sectors, 11 stocks that investors need to watch as there may be direct, indirect real business risks
When it comes to reciprocal tariffs, the focus is on select sectors like pharma, auto, and IT. But remember: The US, one of the largest producers of agri-products, is looking for a market for these products as it fears losing the Chinese market. And it will use tariffs as a tool to push India to open up. So, there is a real business risk to some sectors that is not being much talked about at this point of time. Investors would do well to focus on these sectors, rather than the current street narrative. Just to put this in perspective: There is so much talk about tariffs on automobiles. But how much of auto products (in volume and value terms) do we actually export to the US?
Spider-Man: Brand New Day - Will Sadie Sink play Tom Holland’s nemesis Menace? Here’s the truth
Spider-Man: Brand New Day will be released on July 31,2026. The movie will feature Tom Holland and Sadie Sink. After the title announcement of the film, fans are claiming that Sadie Sink might play the role of Menace in the superhero movie. There have been few details revealed about Spider-Man: Brand New Day.
Focus on high-conviction, bottom-up stock picking: Rashi Talwar Bhatia
According to me, the biggest moving part for the rest of the year is going to be what happens to domestic liquidity and as a result to credit growth and therefore earnings growth for companies. We have been in a liquidity deficit scenario for far longer than what should be natural for an economy like ours.
Even the smartest can lose money: Zerodha's Nithin Kamath has a ?2,000 crore reality check for those who feel educated can't be scammed
Nithin Kamath revealed that over ?2,000 crore has been lost to digital fraud arrests in India this year. Scammers pretend to be police officers and create fear to trick people into transferring money. To protect yourself, seek out experts, do not react hastily, and avoid calls or messages from unknown numbers.
Stock market update: Fertilisers stocks down as market rises
The 30-share BSE Sensex was up 345.04 points at 76369.55
- Go To Page 1
Wisconsin votes in high-profile judicial race after millions spent by Elon Musk
Wisconsin Supreme Court polls: Wisconsin voters decided on a new Supreme Court justice, with significant implications for abortion and labor rights, as well as election rules. The highly expensive race between liberal Susan Crawford and conservative Brad Schimel reflects a broader referendum on Donald Trump's presidency. Financial involvement from Elon Musk and other wealthy donors has intensified the contest.
Market volatility derails Novartis' plan to sell stake in its India arm
Novartis AG's plan to sell its 70.68% stake in Novartis India faces challenges due to market volatility impacting valuation. Despite strategic reviews and potential interest, fluctuations in stock prices and declining sales present hurdles in reaching a deal, with existing licensing agreements adding complexity.
April Fools’ Day 2025: Minecraft unveils mob animator feature on official website
For the April Fools' Day celebrations in 2025, Mojang Studios unveiled a silly ‘mob animator’ feature on the official website for Minecraft. Gamers get to mix up mobs in weird combinations with resulting comedic effects and a choice of blocks. It is a short-lived Easter egg demonstrating Mojang's practice of whimsical innovation.
Stock market update: Fertilisers stocks up as market falls
The 30-share BSE Sensex closed down 1390.41 points at 76024.51
Stock market update: Fertilisers stocks up as market falls
The 30-share BSE Sensex was down 929.03 points at 76485.89
Stocks in news: Vodafone Idea, AB Real Estate, LTIMindtree, IndiGo, Vedanta, Ola Electric
Adani Energy Solutions acquired Mahan Transmission, gaining complete ownership of the SPV through a share purchase agreement, marking a strategic expansion in its energy business.
DCM Shriram commissions new caustic soda flakes plant in Gujarat
DCM Shriram has commissioned a new caustic soda flakes plant with a capacity of 300 tonnes per day at its chemicals complex in Jhagadia, Gujarat. This increases the Bharuch unit's total capacity to 900 tonnes per day, making it one of the largest caustic soda flakes producing units in the country.
Trump threatens secondary tariffs on Russian oil if unable to make deal on Ukraine
President Donald Trump announced plans to impose secondary tariffs of 25% to 50% on Russian oil within a month if Russia does not agree to a ceasefire in Ukraine. He expressed his anger towards Russian President Vladimir Putin's criticism of Ukrainian leadership and emphasized his commitment to ending the war.
India, Chile to focus on upgrading PTA to CEPA during President Boric’s visit next week
India is set to expand its preferential trade agreement (PTA) with Chile into a Comprehensive Economic Partnership Agreement (CEPA) during President Gabriel Boric Font’s visit. The goal is to double bilateral trade to $100 billion, focusing on sectors like automobiles, medical devices, and pharmaceuticals.
Morgan Stanley sells 19 lakh shares worth Rs 81 lakh in this penny stock
Morgan Stanley sold 19.30 lakh shares of Kesoram Industries for Rs 81 lakh at Rs 4.20 per share, an 11% discount. The stock hit a 52-week low, closing at Rs 4.50. Other entities also offloaded significant stakes via block deals.
Goldman Sachs acquires HAL, Zomato shares worth Rs 281 crore
Banking and financial services major Goldman Sachs on Friday bought shares of state-owned Hindustan Aeronautics Ltd and Zomato worth Rs 281 crore through open market transactions.
India vs X; Smallcase's funding boost
The Indian government will fight allegations by Elon Musk's X about content regulation and censorship. This and more in today’s ETtech Top 5.
Specialty chemicals: Stick to few as a mix of head and tailwinds emerges. 5 stocks with upside potential of up to 40%
As the tariff war gets hotter, a good bit of the heat will be generated in the specialty chemicals space. Why? Because, chemical supply chains are very rigid by nature. To put this in perspective: If a product uses a certain chemical as raw material, and if there is a sudden shortage of that chemical, can it be replaced by another one? The answer is no. For the user, there is no option but to buy that chemical at a higher cost. Now, the reverse scenario. Suppose there is sudden overproduction of the chemical, will the user buy more because it is cheaper? The answer is again no. So, as tariffs cause disruption in the chemicals sector, we will see a mix of head and tailwinds.
Auto, pharma stocks fall up to 6% in 3 sessions hit by Trump tariff fears. Experts say fears overblown
Investors in pharma and auto stocks are anxious ahead of the April 2 deadline for US tariffs. Despite a 6% fall over three sessions, experts believe the panic is unfounded, maintaining confidence in the sectors' long-term outlook. Trump's recent 25% tariffs on auto exports to the US, along with additional duties, have further affected market sentiment.
Another US judge temporarily blocks Trump's trans troop ban
A US judge temporarily blocked Donald Trump's ban on transgender troops, maintaining the military policy allowing trans individuals to serve. The injunction protects current and prospective transgender service members from being dismissed based on gender identity, following similar orders by other judges.
Supreme Court stays probe against MP RERA chief till April 2
The Supreme Court has put a temporary hold on the inquiry into Madhya Pradesh RERA Chairperson Ajeet Prakash Shrivastava, who faces corruption and misuse allegations. The inquiry was challenged for violating procedural rules, and the court has asked for responses from the state before continuing on April 2.
JB Chemicals block deal! KKR to likely sell up to 10.2% stake worth Rs 2,578 crore: Report
Tau Investment Holdings, a KKR & Co unit, plans to sell a 6.8% stake in JB Chemicals and Pharmaceuticals via a secondary share sale at Rs 1,625 per share. There's an option to oversubscribe to a total of 10.2%. The estimated transaction value for the 6.8% holding is Rs 1,717.4 crore ($200 million).
JB Chemicals shares dive 7% after 90 lakh shares change hands in block deal
JB Chemicals fell 7.4% as 90 lakh shares changed hands in a block deal, with KKR reportedly selling a 5.78% stake. The offer price was Rs 1,625 per share. The stock has declined 14.84% YTD but showed recent recovery.
Max Financial shares surge over 2% after Rs 399 crore block deal
Max Financial Services rose 2.5% after a Rs 399 crore block deal. Max Ventures plans to sell a 1.59% stake for Rs 611.6 crore. The company reported a 62.3% profit drop, while net interest income surged. Technical indicators show neutral momentum.
KKR may sell $300-m stake in JB Chemicals
The floor price has been set at ?1,625 per share, a 4.9% discount to Wednesday's closing price of ?1,695 on NSE. The base offer comprises 10.6 million shares (6.8% stake) worth ?1,717.4 crore, along with a greenshoe option of 5.3 million shares (3.4% stake) valued at ?858.7 crore.
HIL rebrands as BirlaNu, plans $150 mn investment for $1 bn goal by 2028
BirlaNu Limited, formerly known as HIL Limited and part of the CK Birla Group, plans to invest $150 million to become a $1 billion company by 2028. The company, focusing on sustainable building materials, aims to expand its product offerings and increase its market presence globally.
Jack Dorsey’s fintech Block to lay off nearly 1,000 employees
Block, the fintech firm founded by Jack Dorsey, is set to lay off 1,000 employees as part of a major restructuring. The cuts span "strategy," "performance," and management roles. Dorsey emphasised the move isn’t about financial targets or AI replacement, but streamlining the company for faster, more agile growth.
Load More
