Скачать или смотреть STARBUCKS LEAVING INDIA?? - INDIAN STOCK MARKET NEWS

What happened in the Indian stock market last week? Let's find out:

1. Bharti Airtel settles 2016 spectrum dues
Bharti Airtel announced it has cleared ₹3,626 crore for the spectrum acquired in the 2016 auction.
With this payment, all of Airtel’s spectrum dues with an interest rate of 8.65% have been settled.
The company shared that it has prepaid ₹28,320 crore in spectrum liabilities this year.
Earlier this year, Airtel also prepaid ₹8,325 crore, clearing a significant part of the 2015 spectrum auction liabilities.

2. Asian Paints shares fall 3.4% after resignations
Shares of Asian Paints dropped by 3.4% to a 52-week low after Associate Vice President Vishu Goel and Vice President Shyam Swamy resigned.
On December 19, the stock fell by over 3% on the NSE to ₹2,265.35.
Share prices have been declining for 4 consecutive sessions, dropping over 8% this month and 32% in 2024.
The company is under pressure due to new competitors like Birla Opus and JSW Paints entering the market, increasing competition.

3. ITC acquires stakes in EIH Limited and HLV Limited
ITC acquired a 2.44% stake in EIH Limited, equivalent to over 1.5 crore equity shares.
It also bought a 0.53% stake in HLV Limited, equal to 34.60 lakh equity shares.
These shares were acquired through ITC’s subsidiary, Russell Credit.
The acquisition comes as ITC prepares to demerge its hotel business into a separate entity.
ITC Hotels demerger to take effect from January 2025

4. ITC announced its hotel business will be demerged into a separate company by January 1, 2025, after receiving all necessary approvals.
Post-demerger, ITC will retain 40% ownership in ITC Hotels, while the remaining 60% will be distributed among its shareholders.
The National Company Law Tribunal (NCLT) approved the demerger in October 2024, and formalities were completed on December 16, 2024.

5. Oriana Power commits ₹10,000 crore investment in Rajasthan
Oriana Power signed an MoU with the Rajasthan government to invest ₹10,000 crore in green energy projects.
These projects include solar, floating solar, green hydrogen, and energy storage solutions.
The company stated this investment would significantly boost Rajasthan’s green energy future.

6. Switzerland suspends India's 'Most Favoured Nation' (MFN) status
Switzerland suspended India’s MFN status, which previously provided equal tax benefits under their agreement.
In 2023, Swiss company Nestlé requested a tax refund under the MFN clause, claiming lower tax rates based on India-Switzerland agreements.
However, the Indian Supreme Court ruled that MFN clauses require formal government approval and notification, which was not issued.
Following this, Switzerland decided to suspend India’s MFN status.

7. DOMS Industries shares drop 4% after FILA stake sale
DOMS’ parent company, FILA, reduced its stake from 30.58% to 26.01% through a block trade worth ₹510 crore.
The deal has an option to increase to ₹764 crore if additional shares are sold.
Once the lock-in period ends, 45% of DOMS’ total shares will be available in the market.
DOMS announced plans to expand its presence in new countries through partnerships with FILA subsidiaries.
The current market capitalization of DOMS Industries exceeds ₹17,800 crore.

8 .Is Starbucks exiting India?
A report by a Rajasthan-based media outlet claimed Starbucks planned to exit India due to high operating costs and losses.
Both Tata Consumer and Starbucks denied the report, calling it baseless.
Starbucks clarified it operates 470 stores across 76 cities in India and considers India a vital growth market.
The media report suggested that price-sensitive Indian consumers prefer cheaper local alternatives, posing challenges for Starbucks.

9. Infosys inaugurates new campus in Kolkata
Infosys launched a new software development campus in Kolkata’s New Town, inaugurated by West Bengal CM Mamata Banerjee.
The facility, spanning 320,000 sq. ft., is expected to create 4,000 new jobs and cost ₹420 crore.
CM Banerjee highlighted the state’s ‘Bengal Silicon Valley’ project, which spans 200 acres and aims to attract ₹27,000 crore in investments and create 75,000 IT jobs.
Already, 28 companies have started operations on this land