breaking news

News Analysis 26th december

TITAN NEW BUSINESS:

Titan is entering into the lab-grown diamond business with the brand name Beyon. They are also planning to remodel CaratLane stores and sell lab-grown diamonds in these stores as well. If this new brand becomes successful, it could add good value to Titan. They are starting this business on 29th December in Mumbai, and after that, they plan to expand to Delhi and other regions.

OLA ELECTRIC GOVT SUPPORT:

 

Ola Electric received ₹366 crore incentives from the Government for FY25 under the Ministry of Heavy Industries. Due to this update, the stock moved up by around 2%.

 

SWIGGY AND ZOMATO NEWS:

Shares of Swiggy and Zomato fell as gig workers demanded that they do not want long and unpredictable working hours, unsafe delivery targets, and lack of basic welfare and social security. They have called for a nationwide strike on December 31, so we need to see how the companies respond to this situation.

 

Coforge – Encora Acquisition:

One important update is that Coforge acquired Encora for ₹17,032 crore. Encora is an AI-based engineering company with businesses in cloud and data services. Even though Encora is a good company, we need to think about the valuation at which Coforge acquired it.

 

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