stock broker, markets

Going forward, any material changes in growth outlook and improvement in margin guidance by the new management will be key monitorables for the company, ICICI Securities said in a note.

Crompton Greaves

Crompton Greaves Consumer Electricals Ltd (CGCEL) and Butterfly Gandhimathi Appliances have announced a merger to accelerate and smoothen the realisation of synergies of the combined business.
This will also simplify corporate and governance structure and convergence of public shareholders of Butterfly at the parent level and align interests for shareholders of both companies, said a joint statement.
This would be based on a share swap, it added.
"Upon merger, the public shareholders of Butterfly as on the record date will receive 22 equity shares of Crompton for every 5 equity shares held by them in Butterfly, as a consideration for the merger," it said.
Post-merger, the public shareholders of Butterfly will hold ~3 per cent stake in the the combined entity, it added.
"The scheme is subject to the necessary statutory and regulatory approvals including approval of the stock exchanges, SEBI, the respective shareholders and creditors of each of the companies and NCLT (Mumbai and Che

Monarch butterfly

This is one of the most recognisable butterflies in the world

Apple

Apple has agreed to pay $50 million to settle the lawsuit over flawed "butterfly" keyboards in MacBooks in the US

Butterfly

A workable formula for wildlife conservation might lie in pulling in locals to save their own environment, feels Sanjay Sondhi of Titli Trust

The presence of butterflies isn't just easy on the eyes though - it indicates the relative health of the environment

Collection in H1 over 50% of BE of Rs 27,625 cr

Union Civil Aviation Minister Jyotiraditya Scindia and Railways Minister Ashwini Vaishnaw have been coordinating in recent months on these projects

PM Gatishakti: 3 upcoming airports on fast track to get rail connectivity

airport

India has told Canada that if any of these diplomats stay after October 10, their diplomatic immunity will be revoked

Justin Trudeau

What the data suggests, however, is that India's numbers are unsustainable. They're driven by debt-fueled household consumption and government investment

Rupee, Indian Rupee, Indian currency

The run-up in the markets in these last few months, analysts at HSBC said, has made investors nervous about the markets amid multiple headwinds

markets

India will host the 46th edition of the Pacific Asia Travel Association Travel Mart at Pragati Maidan in Delhi from October 4-6, the Union Ministry of Tourism said on Saturday.
The physical version of the event is being held after a hiatus of three years due to the COVID-19 pandemic, officials said, adding that the PATA Travel Mart 2023 will be held at the International Exhibition-cum-Convention Centre (IECC).
The IECC complex was also the venue for the G20 Summit held from September 9-10.
Headquartered in Bangkok, the Pacific Asia Travel Association (PATA), which was founded in 1951, is a renowned not-for-profit association recognised internationally for its role as a catalyst in the responsible development of travel and tourism in the Asia-Pacific region, the ministry said in a statement.
The event in Delhi will bring together tourism professionals and business stakeholders from across the world, offering a unique platform for networking, learning and collaboration, the officials

trade fair

Indus Towers and IOC Phinergy (IOP) have inked a pact for the deployment of 300 zero-emission energy systems to optimise diesel consumption at Indus' telecom tower sites.
This move accelerates Indus Towers' progress towards its sustainability priorities, according to a release.
"Indus Towers Limited and IOC Phinergy Private Limited (IOP) have signed an agreement for deployment of 300 zero-emission energy systems based on aluminium-air technology, to optimise diesel consumption at Indus' telecom tower sites," the release said.
Indus Towers' CEO Prachur Sah said as part of the company's ESG vision, Indus Towers believes in nurturing environmental stewardship, being socially responsible and having robust governance.
"Indus Tower's agreement with IOP is a testimony of the company's commitment to build eco-friendly telecom tower sites by investing in solutions for resource optimisation," Sah added.
IOP is a joint venture company formed by IOCL and Phinergy Ltd, Israel to manufacture, s

The ways in which Covid-19 has restructured the geopolitical landscape are therefore relevant to the future of energy

sustainable energy, clean energy

Manipur Chief Minister N Biren Singh Saturday iterated that security personnel involved in the "excessive use of force" against students during a crackdown on a protest rally here in connection with the alleged killing of two students will be punished.
He appealed to the people to remain united, maintain calm and collectively fight the enemies of the state, which has witnessed ethnic violence.
Expressing shock over the incident in Imphal area which more than 100 students were injured in clashes with security forces on Tuesday and Wednesday this week, Singh, who was speaking at the sidelines of a programe here, said "I am really shocked at the excessive use of force ... at what was done to the children. Ministers of the state have personally met the injured students."
Inquiry is on into the serious injury to the students. "Those responsible for the extreme injuries will be arrested and be dealt with legally," the chief minister said.
Two students were seriously injured in the clash 

Manipur police, police

Uttarakhand Chief Minister Pushkar Singh Dhami returned here on Saturday from his five-day UK visit and said the push to investments in the state will create fresh employment opportunities for the local youth.
"We inked MoUs for investments worth more than Rs 12,500 crore with international firms during the visit. A large number of investors, which also include NRIs, are keen to invest in the state. Many of them are coming to attend the Global Investors Summit being held in December," Dhami told reporters soon after his arrival at Bannu School ground in race course area here.
"It is all very exciting for us. The coming of more investors to the state will create fresh employment opportunities for the local youth. It will also help double the state's GDP in the coming years," Dhami said.
The chief minister was accorded a welcome by cabinet ministers Satpal Maharaj, Subodh Uniyal, Ganesh Joshi, Rekha Arya and Pradesh BJP president Mahendra Bhatt.
Dhami had left for his UK tour on ...

Uttarakhand Chief Minister Pushkar Singh Dhami

The diagnostics giant partners with ICICI Securities, Axis Capital, and Citigroup for public offering, aiming to sell equity shares held by key investors

The combined market valuation of five of the top 10 most valued firms declined by Rs 62,586.88 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit, amid an overall bearish trends in equities.
Last week, the BSE benchmark fell 180.74 points or 0.27 per cent, and the Nifty declined 35.95 points or 0.18 per cent.
The market valuation of TCS plunged Rs 26,308.58 crore to Rs 12,91,919.56 crore.
Infosys witnessed an erosion of Rs 25,296.43 crore from its valuation which was at Rs 5,95,597.10 crore.
The market valuation of Reliance Industries fell by Rs 5,108.05 crore to Rs 15,87,553.37 crore and that of Hindustan Unilever declined by Rs 3,865.08 crore to Rs 5,79,373.96 crore.
The market capitalisation (mcap) of HDFC Bank dipped Rs 2,008.74 crore to Rs 11,57,145.86 crore.
However, the mcap of Bajaj Finance jumped Rs 20,413.41 crore to Rs 4,73,186.41 crore.
Bharti Airtel added Rs 8,520.13 crore to Rs 5,19,279.14 crore in its valuation while

Even if generative artificial intelligence has been overhyped, it's safe to assume that ChatGPT-type bots will only get better at routine tasks like writing computer software

jobs, IT jobs, IT industry, AI

Half of India's population between the age of 30-55 years believes 59 years should be the age of retirement and thirty-two years is when one should ideally start retirement planning,

investment,saving, money, retirement, rupee

As the festival season approaches, followed by elections, state and national, there will be pressure on liquidity since cash with the public will rise

Banks credit growth

Bidhuri may be a small fry in the larger calculus of the party. Yet, in his blundering and uncultured way, he was voicing in Parliament what has already been normalised on the streets

Bidhuri

The epicentre lies at 43 km NE of Dipayal in Nepal

Earthquake

Two Indian pairs advanced to the quarterfinals of the mixed doubles squash competition with dominant wins over their respective opponents in the pool matches at the Asian Games, here on Tuesday.
In a Pool A match, Dipika Pallikal and Harinder Pal Singh Sidhu breezed past Japan's Risa Sugimoto and Tomotaka Endo 2-0 (11-5 11-5), while Anahat Singh teamed up with Abhay Singh to beat Hong Kong's Tsz Wing Tong and Ming Hong Tang in 2-0 (11-10 11-8) in Pool D.
In the quarterfinals later in the day, the pair of Dipika and Harinder will be up against Jemyca Aribado and Andrew Garica of Philippines.
The other Indian duo of Anahat and Abhay will play South Korean combination of Yang Yeonsoo and Lee Dongjun.
Later in the day, veteran Sourav Ghosal and Tanvi Khanna will be in action in their respective singles quarterfinals.
While Sourav will face Japan's Tsukue Ryunosuke in the men's last-eight round, Tanvi will play another Japanese in Satomi Watanabe in women's singles event.

India women squash team

IRCTC launched a three-night and four-day package for devotees who want to visit Shirdi Sai Baba. Here's everything you need to know about IRCTC Chennai-Shirdi package

IRCTC, Cancelled Trains Today

L&T on Tuesday said one of its subsidiaries has bagged a 'large' contract for construction of a bridge in Mumbai.
The transportation infrastructure business vertical of L&T Construction has received the Dahisar-Bhayander Bridge project in Mumbai, L&T said in a statement.
The project has been awarded by Municipal Corporation of Greater Mumbai (MCGM). The 4.5-kilometre bridge will significantly reduce the travel time between Dahisar and Bhayander, which currently takes more than 45 minutes.
Though the company did not specify the exact value of the contract, as per its specification, a large contract ranges between Rs 2,500-5,000 crore.

Larsen & Toubro

Salam Sunil Singh, son of a fisherman, and Arjun Singh, born to a factory worker, grew up 2000km apart from each other. But there is a binding thread  an unending passion for water sports unhindered by their difficult formative years.
The 24-year-old Sunil from Moirang, Manipur, and the 16-year-old Arjun, who grew up in Roorkee, combined that passion to land India a bronze medal in men's double canoe 1000m event at the Asian Games on Tuesday, a first for the country since the 1994 event.
The duo clocked 3:53.329 seconds to finish third here. In the 1994 Hiroshima edition, India had bagged a bronze in the same event through Siji Sadanandan and Johnny Rommel.
For Sunil and Arjun, the medal was the culmination of the hard work they had put in despite the crushing odds in their lives.
"My father (Iboyaima Singh) is a fisherman and every morning and evening he would row his boat out and catch fishes at the Loktak Lake and that is our family's source of income. My mother (Binita Devi) is

India's bronze medal winners Arjun Singh and Salam Singh in the Canoe double. Photo: SAI

Butterfly

Crompton Greaves CE tanks 13%; hits 52-week low as CEO Mathew Job resigns

Crompton Greaves Consumer Electricals announces merger with Butterfly

'It's just a devastating decline': Monarch butterflies listed as endangered

Apple agrees to pay $50 mn to settle flawed 'butterfly' keyboards lawsuit

How the Titli Trust is protecting 'lesser' creatures such as butterflies

Presence of butterflies indicates relative health of the environment