Varun Beverages’ South Africa dairy deal goes to arbitration

Varun Beverages’ subsidiary has referred its proposed acquisition of Crickley Dairy to arbitration after a key condition was not met by the September 30 deadline.

Varun Beverages’ subsidiary has referred its proposed acquisition of Crickley Dairy to arbitration after a key condition was not met by the September 30 deadline.

In a relief for Indian investors and markets, Wall Street was trading higher after US inflation rose less than expected, while consumer spending grew at its fastest pace in more than a year. However, the US merchandise-trade deficit widened to…

The 65-room hotel is located on Old Kutchery Road and is managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels Ltd. The group has three more properties in West Bengal in the pipeline.

India’s 10-year bond yield has climbed to its highest level since April 2024, widening the gap with equity income. With foreign investors selling again and the rupee under pressure, Indian stocks face a tougher relative-return equation.

Shares of Kalyan Jewellers India Ltd ended at ₹553.20, down by ₹16.80, or 2.95%, on the BSE.

Despite the strong domestic institutional buying, the benchmark indices ended lower. The Sensex slipped 49 points to 72,480, while the Nifty fell 96 points to 22,620 on Wednesday, failing to hold its recovery and ending below the 22,700 mark.

Shares of Waaree Energies Ltd ended at ₹2,370.00, down by ₹25.00, or 1.04%, on the BSE.

Shares of Highway Infrastructure Ltd ended at ₹42.55, down by ₹0.64, or 1.48%, on the BSE.

The logistics company said the annual price revision will help offset higher operating costs and fund investments in its network and technology.

Shares of NCC Ltd ended at ₹128.40, down by ₹0.15, or 0.12%, on the BSE.