BLOCK DEAL JB CHEMICALS
Donald Trump says he will extend TikTok deadline for 75 days
Trump added that he looked forward to working with TikTok and China to close the deal, and that he did not want the app to "go dark." China now faces a 54% tariff on goods imported into the United States. Trump has said he would be willing to reduce tariffs on China to get a deal done with ByteDance.
About 500 law firms sign brief challenging Trump's executive orders targeting legal community
Over 500 law firms filed a brief opposing President Trump's executive orders that retaliate against elite legal firms. They argue these orders threaten constitutional governance and the rule of law, as they impose restrictions on security clearances, federal contracts, and access to federal buildings for targeted firms' employees.
TikTok deal put on hold after China indicated it would reject it over tariffs, sources say
A deal to spin off TikTok's U.S. operations is on hold after China indicated disapproval following Trump's tariff increase. The agreement, which would see ByteDance hold less than 20% of a new U.S.-based entity, has been hindered by required Chinese government approval. Trump extended the divestiture deadline by 75 days, aiming for further negotiations.
Real Estate developers urge Supreme Court for faster environmental clearance evaluations
Credai urges the Supreme Court to expedite the evaluation of pending proposals for building and construction projects under general conditions for mandatory environmental clearance. The stay on the MoEF notification has halted many projects, significantly affecting financial viability and housing availability.
Stock market update: Fertilisers stocks down as market falls
The 30-share BSE Sensex closed down 930.67 points at 75364.69
With deadline looming, details of a potential TikTok deal emerge
With a US deadline looming, TikTok’s future is uncertain. VP JD Vance announced a plan by Saturday. Trump, who said that the administrations is close to a deal, may use TikTok as leverage in China tariff talks. The proposal involves spinning out TikTok with American investors, though Congress may not support it.
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Stock market update: Fertilisers stocks down as market falls
The 30-share BSE Sensex was down 667.92 points at 75627.44
Pharma stocks gain on tariff exemption in the US
Shares of Indian pharmaceutical companies surged on Thursday after the US exempted the sector from new trade tariffs. The Nifty Pharma index rose by 2.3%, with major gains for IPCA Laboratories, Lupin, Sun Pharmaceutical, and Cipla. Analysts see growth potential and recommend investing in pharma stocks.
Savor the flavor: National Burrito Day 2025 brings tasty deals and rich history in US
National Burrito Day 2025 falls on April 3, celebrating the beloved burrito’s rich history and cultural significance. From its Mexican origins to its transformation into an American favorite, this day honors the delicious wrap with exciting deals from major restaurant chains. Whether you prefer classic or modern burritos, there’s a tasty way for everyone to join the celebration.
Stock market update: Fertilisers stocks up as market falls
The 30-share BSE Sensex closed down 322.08 points at 76295.36
Stock market update: Fertilisers stocks up as market falls
The 30-share BSE Sensex was down 136.18 points at 76481.26
We are very concerned about possible US tariffs; it may hurt MSME exports: FIEO President
Indian exporters are concerned about US reciprocal tariffs which could impact MSME shipments. Government support is suggested to manage potential duties beyond 10%. Higher tariffs may affect costs and manpower in Indian factories, impacting future trade data and export figures.
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.
Stock market update: Fertilisers stocks down as market rises
The 30-share BSE Sensex was up 345.04 points at 76369.55
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.
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.
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.
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.
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.
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