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Akzo Nobel is nearing a deal to sell its Southeast Asia decorative paints business to Nippon Paint for about $1.35 billion, according to reports. The transaction would mark another major portfolio reshaping move in the global coatings industry as companies streamline operations and focus on higher-return markets.
India's markets regulator has issued a settlement order in the matter of Nippon Yield Maximiser AIF Scheme I, marking the latest regulatory development involving the alternative investment fund. The order underscores SEBI's continuing scrutiny of compliance and disclosure standards in India's fast-growing AIF industry.
Goldman Sachs and BNP Paribas offloaded 68.33 lakh shares of BSE in bulk deals on the NSE for about Rs 2,186.44 crore, just ahead of the exchange’s inclusion in the Nifty 50. The transaction drew strong institutional interest, with UTI Mutual Fund and Nippon India Mutual Fund together buying 52.43 lakh shares, while BSE stock closed 3.31% higher at Rs 3,200.
Institutional investors Accel and 360 ONE sold nearly 62 lakh shares of BlueStone in a series of bulk and block deals on Tuesday, triggering a combined transaction value of about Rs 513 crore. The shares were largely absorbed by domestic mutual funds and insurance companies, even as BlueStone's stock fell 5.63% on the BSE to Rs 805.06 by the close.
A painter was stabbed to death by a carpenter in Bengaluru in a violent incident that has triggered a police investigation into the circumstances and motive behind the killing. The case adds to growing concern over interpersonal violence in India’s urban neighbourhoods, where disputes can escalate rapidly into fatal attacks.
A new exhibition in Delhi is drawing attention to Shekhawati, the Rajasthan region famed for its frescoed havelis and mercantile heritage, by placing its architecture and the people who once inhabited these mansions at the centre of the story. The show arrives at a moment when Shekhawati, already on UNESCO’s tentative list, is being reconsidered not as a relic of the past but as a cultural landscape with renewed relevance.
Jewellery maker Royal Chain and paints manufacturer Technopaints have filed draft papers for initial public offerings, setting up a combined fundraise target of Rs 1,500 crore. The filings add to a steady pipeline of Indian companies seeking public capital as markets remain receptive to consumer-facing and manufacturing stories with scale, brand depth and expansion plans.
Indian equities were mixed in early trade on Thursday as benchmark indices struggled for direction amid stock-specific action in large caps and midcaps. Asian Paints, SBI, Tata Motors, HUL and Maruti Suzuki led gains in the Sensex pack, while ONGC, Axis Bank, Mahindra & Mahindra, Bajaj Auto and Hero MotoCorp were among the main laggards.
US actor Chad Lowe and his wife, Kim Painter, have announced the death of their 13-year-old daughter, Fiona, describing her as “the light of our lives.” The family’s statement has prompted an outpouring of sympathy, underscoring the private grief that can unfold in public view when prominent figures face personal loss.
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