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Yesterday’s big news was related to Hindustan Unilever Limited (HUL). FMCG company may soon buy Jaipur based skin care startup Minimalist. According to media reports, this deal will be for Rs 3,000 crore. Peak XV Partners is the promoter of Minimalist.
At the same time, a New York court has ordered simultaneous hearing of 3 cases against industrialist Gautam Adani and others on charges of bribery worth billions of rupees. The Court ordered that these cases would be heard together in a joint trial.
Before tomorrow’s big news, today’s major events to keep an eye on…
- The stock market will remain closed today due to weekly holiday.
- There has been no change in the prices of petrol and diesel.
Now read tomorrow’s big news…
1. HUL will buy skin care startup Minimalist: The deal can be done for ₹ 3,000 crore, Minimalist’s profit in the financial year 2024 was ₹ 11 crore.
FMCG major Hindustan Unilever Limited (HUL) may soon buy Jaipur based skin care startup Minimalist. According to media reports, this deal will be for Rs 3,000 crore. Peak XV Partners is the promoter of Minimalist.
After this deal, the valuation of Minimalist will increase from Rs 630 crore ($75 million) to Rs 3,000 crore ($350 million) in about three years. Its valuation will increase due to revenue and stable profit profile.
Click here to read the full news…
2. Hearing of three cases against Adani will be held simultaneously: A New York court gave the order, the case is related to bribery of ₹ 2200 crore.
A New York court has ordered simultaneous hearing of three cases involving allegations of bribery worth billions of rupees against industrialist Gautam Adani and others. The Court ordered that these cases would be heard together in a joint trial.
The cases that will be heard together include US vs. Adani et al. (criminal case against Adani), Securities and Exchange Commission (SEC) vs. Adani et al. (civil case against Adani) and SEC vs. Cabanes (civil case against other accused). Case) are included. The court gave this decision when it found that these cases are related to similar allegations and transactions.
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3. 2 IPOs will open on January 7: Opportunity to invest in Quadrant Future Tech and Capital Infra Trust, listing of shares on BSE-NSE on January 14.
The initial public offer (IPO) of Quadrant Future Tech Limited and Capital Infra Trust InvIT will open on January 7. Investors will be able to bid for this issue till January 9. The company’s shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on January 14.
Click here to read the full news…
4. Redmi Turbo 4 smartphone launched with 6550mAh battery: This is the world’s first phone with Dimension 8400-Ultra chipset, 50MP camera will also be available.
Tech company Xiaomi’s sub-brand Redmi has launched Redmi Turbo 4 smartphone in its home market China. This phone will be sold in India under the name Poco X7 Pro. Redmi Turbo 4 smartphone is the world’s first smartphone with MediaTek Dimensity 8400-Ultra chipset. It has a 6550mAh battery for power backup. At the same time, 50MP primary camera and 16GB RAM is also available.
Redmi Turbo 4 has been launched in four variants in China. Its base variant with 12GB RAM + 256GB storage is priced around Rs 23,490, which goes up to Rs 29,370 for the top variant with 16GB RAM + 512GB storage. Cloud White, Light Sea Blue and Shadow Black color options are available in the phone.
Click here to read the full news…
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