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2024-11-28 05:43:37| The Economic Times

State-owned LIC's shares rose 2.4% on news of a potential 50% stake acquisition in ManipalCigna Health Insurance. This move would mark LIC's entry into the health insurance sector, diversifying its portfolio. The deal, potentially valuing ManipalCigna around Rs 4,000 crore, aligns with LIC's stated goal of acquiring a health insurance provider this fiscal year.

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2024-11-28 04:53:00| The Economic Times

Paytm shares hit a 52-week high after UBS raised its target price to Rs 1,000, maintaining a 'Neutral' stance. The brokerage anticipates revenue-driven growth as cost optimization plateaus. Bernstein also increased its target to Rs 1,000, highlighting potential upside and downside scenarios. Paytm launched an automatic top-up for UPI LITE, streamlining small-value transactions.

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2024-11-28 04:50:23| The Economic Times

Sudarshan Chemicals' promoters, Pradeep and Subhadra Rathi, sold a 3% stake (28.35 lakh shares) for Rs 197 crore. Buyers included Boon Investment, Jovial Investment, and Blue Diamond Properties. This follows the company's agreement to acquire Germany's Heubach Group. Sudarshan Chemical's shares closed at Rs 986.45 on Wednesday.

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