Sundrop oil maker Agro Tech Foods will acquire sauce maker Del Monte Foods in a ₹1,300 crore share swap deal. Under the agreement, Agro Tech will issue 1.33 crore shares to Bharti Enterprises and Del Monte Pacific, the current owners of Del Monte Foods. Bharti Enterprises will become the second largest shareholder in Agro Tech after the deal is completed.

Agro Tech Foods to buy Del Monte Foods in ₹1,300cr share swap deal

Helios Capital Founder Samir Arora said foreign institutional investors (FIIs) are selling Indian stocks due to "pathetic" corporate earnings. The selloff isn't necessarily due to FIIs reallocating funds to China and the US, he stated. "Global investors may have minimal exposure to India...It's unlikely they'd reduce their already small stake in India to increase their US holdings," he added.

FIIs selling Indian stocks due to 'pathetic' earnings: Samir Arora

Reliance Industries Limited, Viacom18 Media Private Limited, and The Walt Disney Company announced the completion of a merger between Viacom18’s media and JioCinema businesses with Star India Private Limited (SIPL). RIL has invested ₹11,500 crore (approximately $1.4 billion) into the joint venture (JV), valuing it at ₹70,352 crore (around $8.5 billion) on a post-money basis.




RIL, Viacom18 and Disney complete merger to create a ₹70,352 crore JV

Blackstone plans to acquire a 20% stake in the snacks business of Haldiram's at a $8 billion valuation, lower than the 75% stake it earlier planned to buy. Haldiram's, however, is seeking a valuation of $12 billion, Reuters reported. Bain Capital, Singapore's Temasek and Abu Dhabi Investment Authority are reportedly also interested in buying a minority stake.

Blackstone eyes 20% stake in Haldiram's at $8-bn valuation: Report

The government's Central Consumer Protection Authority (CCPA), India's top consumer watchdog, has ordered a detailed investigation into Bhavish Aggarwal-led Ola Electric's deficiency in service standards and product issues. "10,644 complaints were received against Ola Electric on National Consumer Helpline from September 1, 2023, to August 31, 2024," CCPA head Nidhi Khare told The Indian Express.

Govt launches probe into Ola Electric's deficiencies

Veteran investor Ramesh Damani called compounding "the eighth wonder of the world" and advised young investors to learn about it. "I think compounding can take, in one generation, from poverty to wealth, if done properly," he stated. He further said that the market can't be timed and people should remain broadly invested in high-quality businesses.   

Compounding is the 8th wonder of the world: Ramesh Damani

India's merchandise trade deficit in October widened more than expected to $27.14 billion from $20.78 billion in the preceding month. While the merchandise exports rose 17.25% year-on-year to $39.2 billion, imports rose 3.9% to $66.34 billion. India's total exports are expected to rise above $800 billion in FY25, Commerce Secretary Sunil Barthwal said.

India's trade deficit widens to $27.14 billion in October

Finance Secretary Tuhin Kanta Pandey said only five commodities are creating a problem as far as inflation is concerned. These include tomato, onion, potato, gold and silver. "If you take these out, our core inflation rate comes to 4.2%. There have been very exceptional movements in prices of these commodities," he said at the CNBC-TV18 Global Leadership Summit.

Only 5 items including onions, gold causing inflation: TK Pandey

Indian stock indices declined for the sixth consecutive day, with the Sensex closing at 77,580.31, down by 110.64 points, and the Nifty closing at 23,532.70, down by 26.35 points. Persistent foreign selling, rising inflation, weak Q2 earnings, and rupee depreciation contributed to the losses. Experts advise caution amidst the ongoing market correction.