Indian markets gave up early gains on Wednesday but managed to end higher for the third straight session, the rally was primarily driven by I.T and healthcare stocks.
Patanjali which is in race to acquire Ruchi Soya, has been given time till Jun 16 to match or better the highest bid of about Rs 6,000 cr offered by Adani Wilmar.
Shares of Ruchi Soya surged 5% amid reports that Gautam Adani's group company has offered about Rs 6,000 crore to emerge as the highest bidder for acquisition of the bankruptcy-hit edible oil firm.
Adani Wilmar company offered about Rs 6,000 crore to emerge as the highest bidder for acquisition of bankruptcy-hit edible oil firm Ruchi Soya.
FMCG firm Patanjali Ayurveda has put in bid of over Rs 4,000 crore to acquire bankruptcy-hit edible oil firm Ruchi Soya, according to sources.
Shares of edible oil firm Ruchi Soya Industries surged 7 per cent today as the race to acquire the debt-laden firm heats up.
Debt-ridden Ruchi Soya Industries said negotiations are at a nascent stage to sell off its business under the National Company Law Tribunal (NCLT) process.
I-T department probing acquisition of Chanda Kochhars Mumbai Residence
I-T department looking into acquisition of the residence by Deepak Kochhar
Acquisition of residence said to be linked to firms of Videocon group
Indian Express Reports
BANK OF MAHARASHTRA
3 officials including MD & CEO RP Marathe, ED RK Gupta arrested in Pune
Arrests are in connection to fraudulent loans sanctioned to Kulkarni Developers
Outstanding exposure to DS Kulkarni Developers at Rs 94.52 Cr
RITES IPO subscribed 0.6x on day 1
Fine organic industries IPO subscribed 0.12x on day 1
SBI's B Sriram takes additional charge as MD & CEO of IDBI Bank
B Sriram is the longest serving PSB MD
B Sriram Has Experience In Managing Stressed Assets
Wins bid for Connaught Place in Delhi
Taj Group wins 33-year lease for Connaught Hotel in E-auction
Offered to share 31.8% of annual revenue earned with civic body
Have not received any notice from ED on FEMA violations
U.S. to levy tariff on Indian welded pipes
U.S. imposes anti-subsidy duties of upto 500% on welded pipes from India
China, South Korea, & Turkey to also face duties from U.S.
U.S. imported large-diameter welded pipes worth $294.7 Mn from India in 2017
U.S. International Trade Commission scheduled to make a final decision By Dec 20