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Agro-chemical firm Bharat Rasayan's board has greenlit a 1:1 bonus share issue and a 1:2 stock split, aiming to enhance share liquidity and broaden its investor base. This move will see existing Rs 10 shares divided into two Rs 5 shares, followed by a bonus issuance. The company reported a robust Rs 140.92 crore net profit for FY25.
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Markets extended their winning streak for the fourth week, with Nifty up 0.33% and Sensex 0.31%. Optimism from strong earnings and trade hopes drove sentiment, though profit-booking and cooling indicators signal near-term caution.
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The European Union is launching a new plan to reduce its dependence on China for critical raw materials. This initiative, named RESourceEU, aims to secure alternative sources from countries like Australia and Canada. It also focuses on increasing recycling efforts within the EU. The plan mirrors the EU's strategy to cut reliance on Russian energy.
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