News for Birla Tyres Limited (BIRLATYRE.NS)

Kesoram Industries' appeal against the National Company Law Appellate Tribunal's Kolkata ruling rejected its claim of being a financial creditor of Birla Tyres Ltd. The tribunal ruled that Kesoram failed to prove the transaction was a deposit or loan, and therefore, the adjudicating authority did not commit any error in rejecting the appellant's application.

NCLT has approved a joint resolution plan by Himadri Speciality Chemical and Dalmia Bharat Refractories to acquire Birla Tyres, a B K Birla group firm, under CIRP. Major creditors Axis Bank, SBI, ICICI Bank and Yes Bank had approved the plan. Total debt of the company was over ₹1100 crore. Birla Tyres had also planned to demerge its passenger car radial business.

About 2,015 shares advanced, 1,486 shares declined, and 155 shares remained unchanged

Himadri Speciality Chemical has become a strategic partner of Dalmia Bharat Refractories to engage in the corporate insolvency resolution process of Birla Tyres

Based on the OI percentage, 87 stocks, including Astral, Lupin, Indiabulls Housing Finance, Titan Company and National Aluminimum Company, saw long build-ups.

Stock Market News: Trends in the SGX Nifty indicate a positive opening for the broader index in India with a gain of 52 points on Monday on the back of positive cues from global peers, softening of the inflationary environment in the US and improving industrial output back home

Based on the open interest future percentage, there were 83 stocks in which short-covering was seen, including Mphasis, Indraprastha Gas, Tata Motors, Cummins India, and Lupin.

With the banking index at a record high, analysts expect the positive tone to continue. The IT index also looks upbeat, all set to regain some strength after a year-long corrective phase.

BTL/SE/Reg. 30/2022-2023 October 08, 2022 ... | October 8, 2022

The Nifty Pharma index was trading 0.54 per cent up at 12933.5.

The Indian equity markets were marginally bullish today, Nifty 50 closed at 17,525.10 points gaining by 0.73%. These 3 below-mentioned top stocks have reached fresh 52-week lows today, on August 8. Check details.

BSE Sensex and NSE Nifty 50 soared over 2 per cent on Monday on the back of firm global momentum

BSE Sensex and Nifty 50 index tumbled nearly 2 per cent on Thursday, a day of weekly F&O expiry, as bears clutched D-Street.

BSE Sensex and Nifty 50 were trading 2 per cent down on Thursday, a day weekly F&O expiry.

BSE Sensex and Nifty 50 were trading over 1 per cent down on Monday, on the back of weak global cues

As many as 138 stocks on the BSE hit fresh 52-week highs while only 9 stocks hit new lows. On the other hand, 57 stocks on the NSE were seen trading at fresh 52-week high values.

BSE Sensex and Nifty 50 were trading nearly 1.5 per cent up on Thursday, a day of weekly F&O expiry, on the back of buying index heavyweights such as Reliance Industries Ltd (RIL)

BSE Sensex and Nifty 50 were trading over 1 per cent higher on Wednesday, on the back of buying in index heavyweights such as Reliance Industries Ltd (RIL), Infosys.

The Sensex and Nifty are set to open lower on Monday, following weak cues from Asian peers and negative trading on the SGX Nifty futures.