News for Birla Tyres Limited (BIRLATYRES.BO)

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.

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

Birla Tyre 's bid https://www.msei.in/MeetingAnnouncement/DALMIARF/Company%20Update/2023822/22082023_DALMIARF_01.pdf   Blog Credit to ;-   ...

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

With a gain of 1,981 per cent, Kaiser Corporation stood as the top gainer in the list. Shares of the company surged to Rs 58.05 on December 5, 2022 from Rs 2.79 on December 31, 2021

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.

Foreign institutional investors continued with their buying spree, picking up equities worth Rs 7,850.12 crore, while domestic institutional investors sold equities of Rs 2,478.19 crore

The Indian rupee ended lower against the US dollar. The domestic currency fell 41 paise to end at 79.65 per dollar on August 12 against its August 5 closing of 79.24.

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 bank index added four percent and BSE auto index rose 3.3 percent. Metal index shed eight percent, oil & gas index slipped 3.6 percent and realty index fell 3.2 percent

The BSE Sensex and Nifty50 recovered some of their monthly losses but were still down nearly four percent in the month of May.

BSE Metal index surged 7.3 percent, BSE Capital Goods index added 5.3 percent and BSE FMCG, Auto and Realty indices gained 4-5 percent. On the other hand, Information Technology index fell 2 percent.

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.