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<keyword id="20326515" type="General" weightage="20" keywordseo="Pidilite-Industries" source="keywords" meta.keywordsubtype="org" meta.entityname="Pidilite Industries" meta.hostid="261" meta.entityid="Pidilite Industries">Pidilite Industries</keyword>, which makes adhesives, sealants and construction chemicals, has reported a 6.44 per cent rise in consolidated profit after tax to Rs 304.28 crore in the fourth quarter ended March 2024. The company posted a consolidated Profit After Tax (PAT) of Rs 285.86 crore in the same quarter last year. For the full 2023-24 fiscal, its PAT stood at Rs 1,747 crore, which was 36 per cent higher compared to a year ago. Addressing an earnings call on Wednesday, the company's Managing Director Bharat Puri shared that the full-year revenue was underpinned by distribution expansion supply chain and digital initiatives. The company's total income for the quarter under review rose to Rs 2,950.73 crore as against Rs 2,712.07 crore a year ago, according to a regulatory filing. However, its total expenses also rose to Rs 2,450.87 crore in the January-March period from Rs 2,318,09 crore in the corresponding quarter of the previous fiscal. For the full financial year 2023-24, the company's total income stood at Rs 12,522.64 crore as against Rs 11,848.71 crore in the previous fiscal. Puri informed that the company incurred a loss of nearly Rs 72 crore shown as an exceptional item in the consolidated results released in a regulatory filing on Tuesday evening on account of divestment of its Brazilian subsidiary. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/google-has-silently-launched-the-pixel-8a-in-india-starting-at-52999/articleshow/109937286.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/google-has-silently-launched-the-pixel-8a-in-india-starting-at-52999/articleshow/109937286.cms" target="_blank">Google has quietly launched the Pixel 8a in India starting at ₹52,999</a><a href="https://www.businessinsider.in/tech/apps/news/google-wallet-launched-in-india-store-your-loyalty-cards-boarding-passes-and-more/articleshow/109941139.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/apps/news/google-wallet-launched-in-india-store-your-loyalty-cards-boarding-passes-and-more/articleshow/109941139.cms" target="_blank">Google Wallet launched in India – store your loyalty cards, boarding passes and more</a><a href="https://www.businessinsider.in/stock-market/webstories/tbo-tek-ipo-company-details-to-risk-factors-all-you-need-to-know/slidelist/109946929.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/webstories/tbo-tek-ipo-company-details-to-risk-factors-all-you-need-to-know/slidelist/109946929.cms" target="_blank">TBO Tek IPO – Company details to risk factors, all you need to know</a>

Pidilite Industries Q4 profit rises to ₹304 crore

<ul><li><keyword id="1165950" type="PERSON" weightage="20" keywordseo="Fevicol">Fevicol</keyword> yet again found a way to stick itself into our hearts and minds on <keyword id="6736220" type="UNKNOWN" weightage="20" keywordseo="Friendship-Day">Friendship Day</keyword>. </li><li>Its latest social media campaign was conceptualised and executed by <keyword id="3068126" type="PERSON" weightage="20" keywordseo="Schbang">Schbang</keyword>. </li></ul>Friendship Day has witnessed brands coming close together in the past. Yet, this Friendship Day, <keyword id="11773215" type="UNKNOWN" weightage="20" keywordseo="fevicol-schbang">Fevicol &amp; Schbang</keyword>, the creative &amp; technology company ensured that the adhesive brand literally got stuck to over a hundred plus brand pages. This digital activation on Instagram had Fevicol comment on more than 100+ brand posts. The brands then used the pinned comment feature to get Fevicol's comment stuck to their page. With over 100 brands participating, the leading adhesive company was able to stick to those brands using its patent <keyword id="11773214" type="UNKNOWN" weightage="20" keywordseo="mazbootjod">MazbootJod</keyword>. Keeping the internet a buzz, Fevicol witnessed tremendous engagement across social media platforms as many popular brands such as Zomato, Netflix, Dunzo, Paytm, McDonald’s, and OnePlus India participated in Fevicol's latest campaign. Here is what Arvind RP, Director - Marketing and Communications, McDonald’s India (West and South) had to say about this activity with Fevicol, “Occasions such as Friendship Day present great opportunities for like-minded brands to partner for consumer engagement. With this activation, we are giving a big shout out to our friends for being a part of our journey, creating “new bonds” and also hoping to make our customers say “I’m lovin’ it”! <div type="image" title="McD (1)" msid="84970070" hostid="261"></div> While the activation lasted just a day, with its specially tailored witty and wholesome comments on various brand pages, Fevicol yet again found a way to stick itself into our hearts and minds. <div type="image" title="Netflix (1)" msid="84970090" hostid="261"></div> <div type="image" title="Zomato (1)" msid="84970097" hostid="261"></div> <div type="image" title="Oneplus (1)" msid="84970102" hostid="261"></div> <div type="image" title="Paytm (1)" msid="84970115" hostid="261"></div> GiridharSeetharam, Chief Business Officer, <keyword id="38797" type="COMPANY" weightage="20" keywordseo="pidilite">Pidilite</keyword> said, “Fevicol has over the years come to epitomize strong bonds. Friendship day provided us with an apt opportunity to bring alive this proposition; fantastic to see such a wide array of brands interact with Fevicol through this medium." HarshilKaria, Founder at Schbang, said, "Fevicol has always stood for its 'Mazboot Jod' proposition, but with this simple and highly clever activation, it showed everyone that the way it bonds with others is what makes the difference."

Fevicol bonds with 100+ brands on Friendship Day by becoming the stickiest comment on the internet

<ul><li>Indian <keyword id="74523" type="PERSON" weightage="20" keywordseo="Adhesive">adhesive</keyword> maker <keyword id="38797" type="COMPANY" weightage="20" keywordseo="pidilite">Pidilite</keyword> has announced that it has acquired Huntsman Group’s Indian subsidiary for ₹2,100 crore.</li><li>HAMS Group makes brands like <keyword id="9445587" type="COMPANY" weightage="20" keywordseo="araldite">Araldite</keyword>, Araldite Karpenter, and Araseal in India. </li><li>After the announcement, Pidilite shares jumped by over 4% as of 10.40 am. </li></ul>Fevicol-maker Pidilite has announced that it has acquired Huntsman Group’s Indian subsidiary, Huntsman Advanced Materials Solutions (HAMS), for ₹2,100 crore. HAMS Group makes brands like Araldite, Araldite Karpenter, and Araseal in India. The acquisition announcement led to a surge in the Indian adhesive giant Pidilite’s shares, which saw an over 4% rally as of 10.40 am. <div type="image" title="pidilite." msid="78925501" hostid="261"></div> What does Pidilite gain? With the acquisition, Pidilite will also get a trademark license to sell Araldite in the Middle East, Africa, and ASEAN countries. The company said that Huntsman would receive as much as 90% of the cash consideration while the balance 10% will be under an earnout within 18 months if the business achieves sales revenue in-line with 2019. In 2019, the company had posted a revenue of ₹400 crore. “With this acquisition, Araldite will add to the already very strong portfolio of Pidilite’s adhesive and sealant brands and will complement our retail portfolio. We are confident that this acquisition will create significant shareholder value through strong revenue and cost synergies,” said Bharat Puri, Managing Director, Pidilite Industries in a statement. While Pidilite is yet to announce its second-quarter results, for the first three months of the current financial year, Pidilite had posted a profit of ₹15.82 crore, a massive fall from its profits of ₹294.39 crore in Q1FY20. Its revenue was also down by 56% year-on-year to ₹897.4 crore. However, its minuscule profit was better than what analysts had expected – a <a href="https://www.businessinsider.in/business/corporates/news/covid-crashed-profit-and-pidilite-industries-couldnt-fix-it-yet/articleshow/77394385.cms">complete washout</a>. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/byjus-backer-lightspeed-india-invests-in-a-live-tutoring-platform-teachmint/articleshow/78924152.cms">BYJU'S backer Lightspeed India invests in a live tutoring platform Teachmint</a>

Pidilite shares surge as the 61-year old company acquires Araldite maker for ₹2,100 crore

<ul><li>We are stuck on this brilliant initiative by <keyword id="1165950" type="COMPANY" weightage="20" keywordseo="Fevicol">Fevicol</keyword>.</li><li>This <keyword id="11017059" type="UNKNOWN" weightage="20" keywordseo="creative-experiment">creative experiment</keyword> has been conceptualized with Schbang, the creative &amp; technology company.</li></ul>With the advent of COVID-19, one has seen many innovations that have been able to create social impact whether they be foot-based sanitizers, scarves turning into masks or creation of sanitizer wristbands. Fevicol, one of India’s most loved brands delivers a much-needed reminder to maintain <keyword id="8897280" type="UNKNOWN" weightage="20" keywordseo="social-distancing">social distancing</keyword> with their latest social experiment. Fevicol conceptualizes and executes the experiment at a food court of a mall to highlight the need of social distancing as COVID-19 cases are still on the rise. The premise of the experiment was based on fixing chairs to tables at the food court of a mall with labels indicating the tables that need to be left empty owing to social distancing. Various families, groups and individuals went to occupy these tables ignoring the much-needed social distancing norms. On trying to do so, they found themselves in a ‘fix’ as the chairs were stuck to the table and couldn’t be used. Fevicol taught the lesson of social distancing to the mall-goers and set an example to keep following the rules laid down in order to fight the virus. <div type="Youtube" id="oNP-byzRSpA" title="Mazboot jod ka mazboot reminder by Fevicol" thumbUrl="https://i.ytimg.com/vi/oNP-byzRSpA/mqdefault.jpg"></div> With a need of safety norms to be followed amidst the pandemic, the brand, ensured awareness of social distancing through their experiment with the message of “Chehrey par mask aur do gaz ki doori, abhi bhi hai bohot zaroori” in a humorous manner. This creative experiment has been conceptualized with Schbang, the creative and technology company. Upon the launch of the video and why the social experiment is important, <keyword id="244385" type="PERSON" weightage="20" keywordseo="Vivek-Sharma">Vivek Sharma</keyword>, CMO, Fevicol, <keyword id="260169" type="DOMAIN" weightage="20" keywordseo="Pidilite-Industries">Pidilite Industries</keyword> said “Brands also have a larger role to play in society. With this experiment, in a quintessential Fevicol way, we just wanted to remind the audience that social distancing is still very important and we should not let our guard down.” On the thought process behind the video, Akshay Gurnani, Co-Founder Schbang said, “The best way to drive social change is if it's done in a light-hearted, non-preachy manner. Fevicol &amp; Schbang have always tried creating such an impact on the digital medium and this time, through a quirky, tongue-in-cheek video serving as a reminder to continue maintaining social distancing.” “The idea of using Fevicol to remind people about social distancing was time sensitive, and it required us to work around the clock to make it happen. I think the team has done a fantastic job in using the classic Fevicol humour and quirk to give a timely message” commented Jay Morzaria, Group Creative Manager, Schbang.

Fevicol delivers an impactful reminder to maintain social distancing through an interesting social experiment

<ul><li>The 30-share BSE index was trading 559.76 points higher, while the broader NSE Nifty regained the 12,000 mark at 10:00 am.</li><li>Here’s a list of the top losers and gainers in the Nifty pack. </li><li>These are the top stocks that are buzzing in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Strong start on Dalal Street on Thursday, with Indian benchmark indices tracking gains in index-heavyweights Reliance Industries, Infosys, SBI, amid positive cues from global markets. The 30-share BSE index was trading 559.76 points higher, and the broader NSE Nifty climbed 1.37%, regaining the 12,000 mark at 10:00 am. Here’s a list of the top losers and gainers in the Nifty pack. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SBI India </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hero Motocorp </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HCL Tech </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Power Grid </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Grasim </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Titan </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">BPCL </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">UPL </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr></tbody></table>*as of November 5, 9:50 am State Bank of India shares leap over 6% The shares of State Bank of India gained over 6% for the second day in a row after the bank reported a <a href="https://www.businessinsider.in/finance/banks/news/sbis-profit-jumps-over-50-in-q2-plans-to-outperform-the-industry-in-credit-growth/articleshow/79039165.cms">51.88% surge in its standalone net profit </a>for the quarter ended September 30. The net interest income (NII) was up 14.56% to ₹28,181 crore in the quarter under review. <keyword id="38797" type="COMPANY" weightage="20" keywordseo="pidilite">Pidilite</keyword> Industries shares gained over 2% The shares of Fevicol maker, Pidilite Industries, gained over 2% after it reported a 9.66% increase in consolidated net profit to ₹356.44 crore for the quarter ended September 30. The company’s revenue from operations rose 4.08% at ₹1,880.33 crore during the quarter under review. <keyword id="799" type="CITY" weightage="20" keywordseo="PVR">PVR</keyword> and <keyword id="105311" type="COMPANY" weightage="20" keywordseo="INOX-Leisure">INOX Leisure</keyword> share gains over 2% The shares of PVR and Inox Leisure gained over 2% after <a href="https://www.businessinsider.in/india/news/maharashtra-government-allows-reopening-of-cinema-halls-with-50-capacity-from-november-5/articleshow/79041693.cms?upcache=2">the Maharashtra Government has now allowed cinema halls</a> to open in areas outside containment zones, with 50% of their seating capacity from today. JK Lakshmi Cement trades 3% higher The shares of JK Lakshmi Cement were trading 3% higher on Thursday after the company reported an 86.90% rise in consolidated net profit to ₹92.93 crore for the second quarter ended September 30, helped by cost reduction. The revenue from operations rose 11.79% to ₹1,131.74 crore during the quarter under review. <keyword id="6471024" type="COMPANY" weightage="20" keywordseo="basf">BASF</keyword> shares soar 12% The shares of chemical manufacturer BASF soared 12% after it registered <a href="https://www.business-standard.com/article/news-cm/basf-india-standalone-net-profit-rises-17614-66-in-the-september-2020-quarter-120110401129_1.html">17615% </a>growth in its standalone net profit to ₹410.98 crore for the quarter ended September 30. The company had reported a net profit of ₹2.32 crore during the same quarter last year. <keyword id="10224242" type="UNKNOWN" weightage="20" keywordseo="happiest-minds-tech">Happiest Minds Tech</keyword> shares crash over 6% The shares of Happiest Minds Tech crashed over 6% during the trade today after its net profit was down 32% quarter-on-quarter to ₹34.08 crore. Although it registered a growth of 28% y-o-y, the sequential drop left the investors in a worry. <keyword id="151144" type="COMPANY" weightage="20" keywordseo="SRF">SRF</keyword> shares gain 6% The shares of chemicals maker SRF gained over 6% after its consolidated net profit rose 57% to ₹316 crore for the quarter ended September 30. The consolidated revenue of the company increased by 21% to ₹2,101 crore. SEE ALSO:<a href="https://www.businessinsider.in/politics/world/news/2020-election-see-insiders-comprehensive-guide-to-the-presidential-and-top-congressional-races/articleshow/78878848.cms" data-type="tilCustomLink"> LIVE RESULTS: Biden inches towards 270 electoral votes win with results still outstanding in 4 key states</a> <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-pvr-inox-leisure-sbi-cards-hpcl-pidilite-industries-adani-power-berger-paints-and-others/articleshow/79053310.cms" data-type="tilCustomLink">Top stocks to watch — PVR, Inox Leisure, SBI Cards, HPCL, Pidilite Industries, Adani Power, Berger Paints, and others</a>

Top stock movers — SBI, HCL Tech, SRF, BASF, Happiest Minds Tech, Pidilite, PVR, INOX Leisure, and others

<ul><li>The SGX Nifty was trading 0.81% lower at 7:55 am, indicating a negative start for Nifty50. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider. </a></li></ul>Even amid positive cues from the global markets, the Indian equities are likely to open in the red on Thursday. The SGX Nifty was trading 0.81% lower at 7:55 am, indicating a negative start for Nifty50. However, the US stock markets also soared on Wednesday, as investors shrug off the undecided election. The Dow Jones Industrial Average closed 368 points higher, and the S&amp;P 500 gained 2.2%. These are the stocks to watch out for during the trading session on November 5: PVR and Inox Leisure PVR and Inox Leisure stocks will be in focus during the trade today after <a href="https://www.businessinsider.in/india/news/maharashtra-government-allows-reopening-of-cinema-halls-with-50-capacity-from-november-5/articleshow/79041693.cms?upcache=2">the Maharashtra Government has now allowed cinema halls</a> to open in areas outside containment zones with 50% of their seating capacity from today. The shares of PVR and Inox Leisure ended 1% and 2% higher on Wednesday, respectively. HPCL The board of the Hindustan Petroleum (HPCL) approved a ₹2,500 crore share buyback plan as the company management feels the share price is lower than the value it deserves. In a stock exchange filing, HPCL said it would buy back up to 10 crore shares for no more than ₹250/share. The net profit of the company also nearly doubled in the second quarter led by a surge in refining margins and inventory gains. The net profit in July-September stood at ₹2,477 crore as compared to ₹1,052 crore in a year-ago period. The shares of HPCL ended 0.83% higher on Wednesday, SBI Cards SBI Cards and Payment Services (SBI Card) has launched credit cards in partnership with the digital payment platform Paytm. Available in two variants, Paytm SBI Card and Paytm SBI Card SELECT, the product has been launched on the Visa platform. The shares of SBI Cards ended 0.53% higher on Wednesday, JK Lakshmi JK Lakshmi Cement reported an 86.90% rise in consolidated net profit to ₹92.93 crore for the second quarter ended September 30, helped by cost reduction. The revenue from operations rose 11.79% to ₹1,131.74 crore during the quarter under review. The shares of JK Lakshmi ended 4% higher on Wednesday, Jubilant Life Sciences The board of Jubilant Life Sciences approved raising up to ₹100 crore via non-convertible debentures (NCD). The shares of Jubilant Life Sciences ended 2% higher on Wednesday, Pidilite Industries Fevicol maker Pidilite Industries reported a 9.66% increase in consolidated net profit to ₹356.44 crore for the quarter ended September 30. The company’s revenue from operations rose 4.08% at ₹1,880.33 crore during the quarter under review. The shares of Pidilite Industries ended 0.36% lower on Wednesday, Aditya Birla Capital, Adani Power, Berger Paints India and Emami Aditya Birla Capital, Adani Power, Berger Paints India and Emami are slated to report their second-quarter earnings today. SEE ALSO:<a href="https://www.businessinsider.in/politics/world/news/here-are-trump-and-bidens-paths-to-victory-based-on-where-the-election-currently-stands/articleshow/79044299.cms" data-type="tilCustomLink"> How Trump and Biden can win based on where the election stands now</a> <a href="https://www.businessinsider.in/business/auto/news/india-may-announce-vehicle-scrappage-policy-soon-and-this-is-what-it-means-for-consumers-and-new-buyers/articleshow/79041346.cms" data-type="tilCustomLink">India is looking to bring in the vehicle scrappage policy soon — here’s what it means for you</a> <a href="https://www.businessinsider.in/finance/banks/news/sbis-profit-jumps-over-50-in-q2-plans-to-outperform-the-industry-in-credit-growth/articleshow/79039165.cms" data-type="tilCustomLink">SBI’s profit jumps over 50% in Q2 — India’s largest bank plans to outperform the industry when it comes to credit growth</a>

Top stocks to watch — PVR, Inox Leisure, SBI Cards, HPCL, Pidilite Industries, Adani Power, Berger Paints, and others

<ul><li>The 30-share BSE index Sensex was down 365.19 points, and the NSE Nifty was trading 0.91% lower at 9:50 am. </li><li>Here’s a list of the top losers and gainers in the Nifty pack. </li><li>These are the top stocks that are buzzing in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian benchmark indices plunge in early trade on Thursday amid negative cues from global markets. The rising coronavirus cases across Europe, and uncertainty over US presidential elections weigh on investor sentiment. The 30-share BSE index Sensex was down 365.19 points, and the NSE Nifty was trading 0.91% lower at 9:50 am. Here’s a list of the top losers and gainers in the Nifty pack. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Axis Bank </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">L&amp;T </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Asian Paint </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Titan </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ICICI Bank </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ONGC </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HCL Tech </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Motors </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TCS </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HDFC Bank </td></tr></tbody></table>*as of October 29, 10:00 am These are the top stocks in news today. <keyword id="2179992" type="PERSON" weightage="20" keywordseo="RBL-Bank">RBL Bank</keyword> opens 3% higher The shares of private sector bank RBL Bank opened 3% higher after it reported a 165% jump in its September quarter profit to ₹144 crore. The Reserve Bank of India has also allowed Maple Group to acquire up to 10% stake in the bank. Larsen &amp; Toubro dips 4% The shares of engineering and construction giant Larsen &amp; Toubro (L&amp;T) dipped over 4% after it posted a 45% decline in consolidated net profit to ₹1,410.29 crore for the quarter. The company bagged orders worth ₹28,039 crore at the group level during the quarter, registering a decline of 42% compared to the same period last year. Axis Bank gained 2% The shares of lender major Axis Bank gained over 2% in a volatile market after it posted a net <a href="https://www.businessinsider.in/finance/banks/news/axis-bank-q2-results-profit-revenue-fee-collection-and-provisions/articleshow/78913594.cms">profit </a>of ₹1,683 crore for the second quarter ended September 30 against a net loss of ₹112 crore in the same quarter last year. The net interest income (NII) zoomed over 20% to ₹7,326 crore during the quarter under review. <keyword id="6354287" type="UNKNOWN" weightage="20" keywordseo="bharti-airtel">Bharti Airtel</keyword> sheds over 1% The shares of telecom giant Bharti Airtel shed over 1% after the company indicated on Wednesday that it would refrain from bidding for 5G spectrum at the auctions, which were likely to be held early next year, given the current reserve prices. <keyword id="6359357" type="COMPANY" weightage="20" keywordseo="titan">Titan</keyword> down over 4% The jewellery and fashion apparel maker Titan was trading 4% lower after it reported a 37.81% decline in its standalone net profit to ₹199 crore for the quarter ended September 30, on account of higher expenses. <keyword id="6357252" type="UNKNOWN" weightage="20" keywordseo="Hero-MotoCorp">Hero MotoCorp</keyword> trims loss The shares of Hero MotoCorp were trading in a positive trajectory after starting in the red. The company reported a stupendous 9% growth in its consolidated net profit to ₹963.82 crore for the second quarter ended September 30. <keyword id="38797" type="COMPANY" weightage="20" keywordseo="pidilite">Pidilite</keyword> Industries surge 3% The shares of Pidilite Industries surged over 3% after the company signed a definitive agreement with Huntsman Group (USA) for acquiring 100% stake in their Indian subsidiary for approximately ₹2100 crore. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/byjus-backer-lightspeed-india-invests-in-a-live-tutoring-platform-teachmint/articleshow/78924152.cms" data-type="tilCustomLink">BYJU'S backer Lightspeed India invests in a live tutoring platform Teachmint</a> <a href="https://www.businessinsider.in/india/news/covid-19-vaccine-updates-pfizer-moderna-to-roll-out-covid-19-vaccine-by-december/articleshow/78924143.cms" data-type="tilCustomLink">COVID-19 vaccine updates: Pfizer, Moderna to roll out COVID-19 vaccine by December</a> <a href="https://www.businessinsider.in/stock-market/news/dow-craters-943-points-in-worst-day-since-june-as-virus-spike-spurs-new-lockdowns/articleshow/78921995.cms" data-type="tilCustomLink">Dow craters 943 points in worst day since June as virus spike spurs new lockdowns</a>

Top stock movers — Bharti Airtel, RBL Bank, Pidilite, Titan, Hero Motocorp, Asian Paints, TCS, L&T and others

<ul><li>In our latest episode of BTS with Insiders, <keyword id="6375200" type="UNKNOWN" weightage="20" keywordseo="PIYUSH-PANDEY">Piyush Pandey</keyword>, Chief Creative Officer Worldwide, Ogilvy, talks about four actors, <keyword id="16207" type="PERSON" weightage="20" keywordseo="Irrfan-Khan">Irrfan Khan</keyword>, Pushpa Joshi, <keyword id="2717040" type="PERSON" weightage="20" keywordseo="Atmaram-Bhende">Atmaram Bhende</keyword> and <keyword id="2026942" type="PERSON" weightage="20" keywordseo="Asha-Bhende">Asha Bhende</keyword>, would are no longer with us but who created magic in some campaigns created by the ad guru.</li><li>Pandey shares some stories from each of the three ads, while also making an appeal to younger creative professionals to be open to identifying new actors.</li></ul>Last week we collectively grieved the loss of two stalwarts who made a huge impact on Indian cinema, Irrfan Khan and <keyword id="6357910" type="PERSON" weightage="20" keywordseo="Rishi-Kapoor">Rishi Kapoor</keyword>. When I reached out to Piyush Pandey, Chief Creative Officer Worldwide, Ogilvy, for our weekly chat show, BTS with Insiders, we initially wanted to talk about three ads that he had worked on over the course of his career that he held close to his heart. However, considering how the week had panned out, Pandey was mourning the loss of the two actors too, and it only seemed fitting that we speak about some of the gems he had created over the years, not just with Khan but also with a few other actors. Episode 3 of BTS with Insiders saw us talking to Pandey about Irrfan Khan, who was the face of Hutch and acted in around 18 ads for the brand, Pushpa Joshi, who took the nation by storm just by a few seconds of her presence as a kabaadiwaali in Fevikwik’s recent ad, and actors Atmaram Bhende and his wife, Asha Bhende who were a part of SBI Life’s campaign, close to 10 years back. Each of the four actors had something in them that took the stories Pandey wanted to tell, and turned them into unforgettable gems. Irrfan Khan - Hutch When Ogilvy wanted to create a series of ads talking about Hutch’s new recharge packs, and the agency wanted the ad to speak the language of the common man, simply to make it more relatable, and to drive its simple point across, that Hutch will give you the most value for your money. Ever since the passing away of Khan, people across the country, in their numerous tributes to the actor have mentioned about his portrayals being relatable. He made us feel that he was one of us. It was perhaps this quality that made V Mahesh and Rajiv Rao, along with the Hutch team decided to cast Khan in the ads. “Irrfan was not a masses man only through his cinema. He was a fantastic symbol of a common man, and an amazing actor. Rajiv and Mahesh, along with Shashanka Chaturvedi (aka Bob) of Good Morning Films who directed the films thought of Irrfan,” shared Pandey. The brand and agency had initially thought of coming up with 3 films. “We ended up doing 18 eventually,” shared Pandey with a laugh. “Everybody loved him because he was so credible and amazing,” he added. What made the ads memorable was the fact that they were written the way a common man speaks. “And while I was not present at the shoot, I am pretty certain that Irrfan would have added his bits to it. You cannot work with a big actor without using his abilities beyond acting because they come up with the little things that add magic. And magic is exactly what he created. Today, when he is a lot more popular, one could have done a lot more with him but in those days, he was not known to billions of people because that wasn’t exactly his kind of cinema. And yet, he walked in and stole the show, every single time,” said Pandey. He also shared that he kept making plans with Irrfan to meet up in Jaipur, which is where both of them grew up, but it never really materialized. “We made a whole lot of plans to fly kites together in Jaipur but unfortunately the opportunity never came, and he flew away from our midst,” said Pandey. Pushpa Joshi - Fevikwik Pandey has been weaving magic for one of Ogilvy’s oldest clients Pidilite for years now. Who can forget some of the old gems created for brands like Fevicol and Fevikwik. Bharat Puri. Managing Director at <keyword id="260169" type="COMPANY" weightage="20" keywordseo="Pidilite-Industries">Pidilite Industries</keyword> often says that Ogilvy isn’t really a creative partner for them, rather they almost are the owners of the brand. It is perhaps this confidence in Pandey and his team that made Pidilite agree to casting octogenarian Pushpa Joshi, who played the role of a kabaadiwaali, in Fevikwik’s recent adorable campaign and wooed the entire nation with her endearing charm. It was Pandey’s brother <keyword id="1397913" type="PERSON" weightage="20" keywordseo="Prasoon-Pandey">Prasoon Pandey</keyword>, who thought of casting Joshi in the ad. “Pushpaji was cast in the ad with a bit of difficulty, with due apologies to my young clients at Pidilite. They were apprehensive because how you can get somebody so old to act? And my brother Prasoon Pandey who directed the ad said, ‘There’s no retirement age for a kabadiwali’. When she came to the set though, Prasoon himself was a little worried because she arrived in a wheelchair. But soon she just picked up and gave us the performance of a lifetime. The ad took the nation by storm just because of what she did and what the director did with her,” shared Pandey. While Pushpa Ji, as everybody lovingly called her, won everyone’s hearts just by coming on the screen for a few seconds, Pandey rued the fact that they had not discovered her earlier. “I don’t recall seeing Pushpa Ji in any other ad. Maybe we weren’t really good at sourcing her. We didn’t find her earlier enough but when we did, she left us with the impression of a lifetime. For our younger audience, there’s a lesson here. It’s never too late to start. If you have a talent, just go out and play. You never know, you might find that the years were never lost and that you can make up for them in one shot,” added Pandey. Atmaram and Asha Bhende - <keyword id="194127" type="CITY" weightage="20" keywordseo="SBI-Life-Insurance">SBI Life Insurance</keyword> Atmaram Bhende was a well-known face in Marathi movies and theatre. However, people in the rest of the country discovered this veteran actor in Lage Raho Munna Bhai as one of the many adorable people staying at the old age home that the entire movie revolved around. Atmaram Ji along with his wife, Asha Bhende, had been a part of SBI Life Insurance’s campaign, ‘Heere Ko Kya Pata’ close to 10 years back. This simple, slice of life conversation between an elderly couple was brought to life by these two effortless actors. What also makes this campaign doubly special is the fact that it is based on a conversation Pandey had with his mother. “The story of this ad is inspired by a conversation I had with my mother. She wanted to own a diamond but never asked us for it. She had a lot of self-respect. One day our sisters told us about her secret wish to us but we weren’t very affluent at that point of time. So we went and bought a pair of earrings for her. Prasoon paid for one and I paid for the other. When we gave it to her, she had said, ‘Iss umr me kahan pehenungi main heera? (Where will I wear a diamond at this age?). That stayed with me and when I created the ad, I added the line, ‘Heere ko kya pata tumhari umr, (The diamond doesn’t really know your age), at the time of writing the film. When we were casting, my brother said that nobody can perform this better than Atmaram Ji and Asha Ji,” he reminisced. Before ending the conversation, Pandey also made an appeal to the advertising industry, asking them to give new talent a chance. “Our younger audience and professionals in the industry should never forget that there are some fantastic actors around who have the capability to make your script ten times as good from where you wrote it. And as I pay my tribute to all these four fantastic artists for giving our industry a touch of their magic, I would ask the younger generation to identify such actors, use them well and give them the opportunity. So look for more of such people and make our industry look better by using these stalwarts,” he concluded.

When Piyush Pandey paid tribute to Irrfan Khan, Pushpa Joshi, Atmaram and Asha Bhende, stalwarts we lost in the last few years

Mumbai, Apr 13 () Pidilite Industries on Monday said it will contribution of Rs 25 crore towards relief funds to fight the coronavirus pandemic. This contribution will be made to the central as well as other emergency state relief funds, the company said in a statement. Pidilite Industries Ltd Managing Director Bharat Puri said, "We stand in solidarity with the people of India and our government's efforts to overcome this unprecedented pandemic." He further said that the company will continue to care for the health and well-being of its partners and employees while constructively supporting the various relief efforts announced by the government. SM RKL ANSANS

Pidilite to contribute Rs 25 cr towards coronavirus relief funds

New Delhi, Feb 27 () Manufacturer of adhesives, construction chemicals and specialty chemicals Pidilite Industries on Thursday announced acquiring 70 per cent stake in the Indian subsidiary of Italian firm Tenax SPA for around Rs 80 crore.It has entered into a definitive agreement with Tenax SPA for acquiring 70 per cent of the share capital of Tenax India Stone Products for cash consideration of Rs 80 crore, said a statement.Incorporated in 2005, Tenax India is a subsidiary of Tenax Italy and is engaged in sales and distribution of Tenax Italy products in India.Tenax Italy is a leading manufacturer of adhesives, coating, surface treatment chemicals and abrasives for the marble, granite and stone Industry. "This acquisition will help expand Pidilite's presence in the fast-growing adhesives, coatings and surface treatment chemicals market for the marble and stone industry and bring world class technology to India by investing in a manufacturing plant," Pidilite Industries Managing Director Bharat Puri said. Tenax Italy will continue to be a partner having 30 per cent stake in Tenax India and provide technical support and market understanding of marble, granite and stones business in India and SAARC markets.This acquisition by Pidilite will enable Tenax India to fully leverage the sales, distribution and marketing capability of Pidilite in India and SAARC markets. KRH MRMR

Pidilite to acquire majority stake in Tenax India Stone for Rs 80 cr

New Delhi, Dec 23 () HomeLane, a home interiors company, on Monday said it has raised USD 30 million (about Rs 213 crore) in funding led by new investors Evolvence India Fund, Pidilite Group and FJ Labs.
The series D round also saw participation from Sequoia Capital, Accel Partners and JSW Ventures. With the current round, the total funding raised by HomeLane stands at USD 46 million.
The current round is estimated to value the company at USD 150-250 million.
"We will use the funds for three things - for our next phase of growth that will include launching renovation as a category; scaling our proprietary design-to-manufacturing platform to more designers, vendors and installers; and expanding to 8-10 new cities in India," HomeLane founder and CEO Srikanth Iyer told .
He added that part of the funding will also be deployed towards technology to improve experience and efficiency for consumers and design partners.
"This investment is very timely for the company, considering we are closer to EBITDA profitability, and will be used for growth, brand and technology," he said.
The company plans to ramp up its experience centres from the current 16 to 30 by the end of 2020. It also intends to hire 300-400 people to take its headcount to about 1,400 over the next one year.
Founded in 2014, HomeLane.com has a presence in Bengaluru, Chennai, Hyderabad, Mumbai, NCR, Kolkata and Pune. It is looking at expanding into cities like Coimbatore, Vizag and Jaipur, among others.
Iyer said India's home interiors market (worth about USD 18 billion) has massive untapped potential. 
"With this round of investment and such an accomplished group of investors, we will double-down on establishing our brand across existing and new markets. We will exit FY20 at an average revenue run rate of Rs 700 crore and are on track to getting to company-wide profitability in early FY21," he added.
The RainMaker Group acted as the sole financial advisor to the company.
In a BSE filing, Pidilite Industries said its wholly-owned subsidiary, Madhumala Traders has agreed to make an investment of Rs 49 crore in Homevista Decor and Furnishings (HomeLane) by subscribing to series D2 cumulative compulsorily convertible preference shares.
The said shares, on conversion, would translate to over 5 per cent of the issued and paid-up share capital of HomeLane.com (on a fully diluted basis). 
The nature of subscription will be cash, and is being done at a mutually agreed pre-money enterprise valuation that has not been disclosed due to reasons of confidentiality, the filing said.
"As an organisation, we continuously track the development of the startup ecosystem in adjacent areas and relevant geographies. We intend to make strategic financial investments in relevant startups and support and collaborate with these startups for mutual benefit," Pidilite said. SR ANU

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