Four Kirloskar companies on Saturday said they have filed an appeal before the Securities Appellate Tribunal challenging the SEBI letter asking them to disclose the deed of family settlement that was signed by members of the Kirloskar family on September 11, 2009.
In a joint statement, the Kirloskar companies -- Kirloskar Ferrous Industries Ltd (KFIL), Kirloskar Industries Ltd (KIL), Kirloskar Pneumatic Company Ltd, Kirloskar Oil Engines Ltd -- said they have filed the appeal before SAT challenging the SEBI letter dated December 30, 2024 wherein the market regulator advised them to disclose the Deed of Family Settlement (DDS).
On December 31, these companies stated that they were preparing to legally challenge the letter by SEBI.
The markets watchdog in its letter stated that "since the DFS is subsisting in nature, indirectly creates a restriction on the listed entities managed/promoted by the parties to such DFS, warrants disclosure, regardless of whether such listed entity is a ..

Kirloskar Industries Ltd (Photo: Kirloskar)

Kirloskar Industries Ltd

Health Ministry convenes monitoring group meeting over hMPV surge in China

Fever, Unwell, Cold, Unhealthy

Adani Wilmar, which sells edible oils and other food items, on Saturday reported a 6 per cent annual growth in sales volumes and a 33 per cent increase in revenue in the December quarter.
Adani Wilmar, established jointly by Adani Group and Singapore Wilmar Group in 1999 markets its products mainly under Fortune brand.
Adani Group recently announced its exit from the joint venture by divesting its entire 44 per cent stake to Wilmar group as well as open market sale.
In a regulatory filing on Saturday, Adani Wilmar said the company "achieved a healthy volume growth of 6 per cent year-on-year in Q3 (December quarter), despite significant price hikes driven by surge in raw material costs".
Revenue grew 33 per cent year-on-year, it added.
"In the edible oils segment, although there was downtrading among consumers, the company maintained its market share by its strategy of having a diverse portfolio of brands at various price points," Adani Wilmar said.
The company reported 4 per cent

result, q1, q2, q3, q4

Bajaj Finance share: Citi has reiterated a 'Buy' rating on Bajaj Finance stock. Meanwhile, Bajaj Finserv share price today zoomed 9 per cent

Bajaj Finance

According to the HSBC Final India Manufacturing PMI, compiled by S&P Global, this was the joint weakest growth rate of 2024

manufacturing

Around 45 passengers were injured when a private bus rammed into two trucks, which had already collided with each other on the Delhi-Mumbai Expressway in Rajasthan's Dausa district on Thursday, police said.
Nangal-Rajawatan DSP Charul Gupta said that a bus of devotees was going from Ujjain to Delhi when the accident occurred due to dense fog.
The DSP said around 45 passengers in the bus were injured and more than 20 were admitted to Dausa District Hospital.
Four were referred to Jaipur and some injured left for Noida and Delhi for treatment, she added.
Gupta said the accident took place near Lahdi Ka Bas on the Delhi-Mumbai Expressway in Dausa district.
The front part of the bus was badly damaged in the accident, police said.
Additional doctors and staff were deployed on the instructions of District Hospital Chief Medical Officer Dr Deepak Sharma following information that a large number of people were injured.

bus crash

Regulator has barred the infamous stock operator for front-running trades pertaining to a US based FPI, directed disgorgement of illegal gains of Rs 66 crore

sebi

Once the pride of Indian Railways, the Rajdhani Express hasn't lived up to its speed promises decades later. The train seems to be stuck in a slow-motion time loop

Train, Indian Railway

ICICI Prudential Energy Opportunities and SBI Innovative Opportunities have also ridden the wave of investor enthusiasm.

Is the cash reserve ratio (CRR) a deadweight on banks? Of every Rs 100 raised by banks in deposits, Rs 4.50 is locked up and it earns nothing by way of interest. The CRR framework is in the spotlight because one, a good number of folks now opt to par

The AQI levels fell into the "severe" category in areas like RK Puram (401), Siri Fort (426), Patparganj (410), and Dwarka Sector-8 (405), among others

Delhi AQI, air pollution, smog

Chief Minister said that his government is taking up mega projects including the Musi Rejuvenation project, Metro rail expansion, Future City, AI City, Skills University, Sports University, and others

A Revanth Reddy

His announcement on Saturday came a day after the liberal Neos party withdrew from the negotiations with Nehammer's conservative People's Party (OVP) and the Social Democrats (SPO)

Karl Nehammer, Karl, Nehammer, Austrian Chancellor

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Kirloskars challenge Sebi letter asking family settlement deed disclosure

No unusual rise in flu-like cases in India, says govt amid China HMPV surge

Adani Wilmar sees 6% rise in sales volume in Q3, revenue grows 33%

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