Stocks in News
Phillips Carbon Black: The company closed its qualified institutional placement issue and raised Rs 400 crore by issuing over 1.63 crore shares at Rs 244 per share.
Gateway Distriparks: Amansa Holdings & Amansa Investments sold over 4.79 lakh equity shares in the company via open market transactions on October 1, reducing shareholding to 6.31% from 6.69% earlier.
Marico: Revenue growth in September 2021 quarter was in the low twenties, with volume growth close to double-digits on a 2-year CAGR basis. The International business delivered double digit constant currency growth as the company witnessed positive trends in all markets, except Vietnam.
Godrej Consumer Products: In India, the company expect close to a double-digit sales growth, driven largely by volume growth and calibrated price increases in Q2FY22. It witnessed broad-based sales growth in home care and personal care categories. In Indonesia, it expects a marginal decline in constant currency sales, impacted by challenging macroeconomic variables, a gradual recovery in the Air Fresheners category, and high competitive intensity in the Wet Wipes category.
Future Retail: The company terminated Master Franchise Agreement with 7-Eleven stores, citing the inability to meet the target of opening stores and payment of franchisee fees.
Jammu & Kashmir Bank: the Reserve Bank of India extended the term of R K Chhibber, Chairman and Managing Director of the bank by a further period of six months.
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