Cristiano Ronaldo continues to defy time and expectations, delivering a sensational performance in Al Nassr’s commanding 2-0 victory over Damac in the Saudi Pro League. With this win, Al Nassr solidified their third-place position, now just five points shy of league leaders Al Ittihad, who are captained by Karim Benzema. Ronaldo’s two goals brought his … Read more
European stock markets opened lower on Friday, with investor sentiment cautious ahead of key economic data and geopolitical developments. The focus is shifting to the upcoming release of November’s euro zone inflation data, which could provide significant insight into the region’s economic outlook and influence the European Central Bank (ECB) policy meeting scheduled for December 12.
A Holiday of Unity and Reflection
Thanksgiving has always been a time for reflection and gratitude. What began as a religious day of thanks for blessings like successful harvests and military victories eventually became a national tradition, thanks in part to Sarah Josepha Hale’s campaign. In 1863, President Abraham Lincoln declared Thanksgiving a national holiday during the Civil War, setting the final Thursday in November as the official day to celebrate. Today, it is a time for family reunions, community gatherings, and an expression of collective gratitude.
Demergers in 2024: Key Highlights from ITC to Tata Motors
The corporate landscape of 2024 has been marked by a series of high-profile demergers aimed at streamlining operations, boosting shareholder value, and sharpening focus on distinct business segments. Companies across industries are restructuring to adapt to evolving market dynamics.
ITC Limited: Spun off its hotels business into a new entity, with ITC retaining a 40% stake and shareholders holding the remaining 60%.
Quess Corp: Split into three entities—Digitide (GTS), Bluspring (OAM, PLB), and Quess (WFM and others).
Raymond Limited: Demerged its real estate division into RRL, a wholly-owned subsidiary.
Texmaco Rail & Engineering: Segregated operations into two entities, separating Texmaco from Belgharia Engineering Udyog.
Shankara Building Products: Divided operations into Shankara Building Products and Shankara Buildpro.
ABFRL: Transformed Madura Fashion & Lifestyle into an independent publicly listed company.
Tata Motors: Formed two entities for Commercial Vehicles and Passenger Vehicles, including EVs and JLR.
Siemens: Proposed a demerger of its energy business into a standalone entity.
This wave of demergers reflects a strategic shift towards agility and targeted growth, creating new opportunities for investors while enhancing operational efficiency across sectors.
In a significant move aimed at enhancing market resilience and ensuring business continuity, the Securities and Exchange Board of India (SEBI) announced on November 28 that the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will act as alternative trading platforms for each other starting April 1, 2025. The directive, issued via an official circular, underscores SEBI’s commitment to safeguarding seamless trading operations.
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