ITC will be in focus as the company is set to finalise the demerger of its hotel business with January 1, 2025, as the effective date. Shareholders will keep a close watch, especially with January 6 marked as the record date for eligibility. ITC Hotels demerger ratio is 1:10, which means 1 share of ITC Hotels for every 10 shares of ITC Ltd will be credited to ITC shareholders whose names appear in the company’s books as on January 6.

Media conglomerate Viacom18 Media has become a subsidiary of Reliance Industries effective December 30, 2024, after the conversion of over 24.61 crore compulsorily convertible preference shares (CCPS) into an equivalent number of equity shares. Earlier, Viacom18 Media was a material subsidiary of Network18 Media & Investments Ltd, a subsidiary of Reliance Industries Ltd (RIL). “Consequently, Viacom18 has become a subsidiary of the company effective December 30, 2024, and has ceased to be a subsidiary of Network18. The company received intimation of allotment of equity shares from Viacom18 on December 30, 2024,” said RIL in a regulatory filing.

Thomas Cook has informed the exchanges about a cyberattack on its IT infrastructure. The company has taken swift action to investigate the breach and is collaborating with cybersecurity experts to contain the impact, it further said in the notice.

Easy Trip Planners promoter and co-founder Nishant Pitti on Tuesday divested a 1.4 per cent stake in the company for ₹78 crore through an open market transaction. Ease Trip Planners Ltd is the parent firm of online travel company EaseMyTrip. According to the bulk deal data available on the National Stock Exchange (NSE), Nishant Pitti offloaded 4.99 crore shares or 1.41 per cent stake in Easy Trip Planners.

State-owned Power Grid Corporation of India on Tuesday said it has inked a green loan pact with Sumitomo Mitsui Banking Corporation (SMBC). This facility denominated in JPY for a US Dollar equivalent of 200 million with a greenshoe option of $150 million highlights the strategic collaboration between Power Grid and SMBC to develop critical infrastructure for renewable energy evacuation and integration into the national grid, a company statement said

The Competition Commission of India (CCI) on Tuesday cleared Authum Investment & Infrastructure and investor Mahi Madhusudan Kela’s proposal to acquire Prataap Snacks Ltd. Indore-based Prataap Snacks is a snack maker, sells chips, nuts and crisps under the ‘Diamond’ brand. The company operates 15 manufacturing facilities and partners with more than 5,200 super or sub-distributors, which helps it reach over 2.5 million touchpoints in India.

Four Kirloskar companies on Tuesday said they are preparing to legally challenge a letter by markets regulator SEBI asking them to disclose the deed of a family settlement that was signed by members of the Kirloskar family on September 11, 2009.

In separate regulatory filings, Kirloskar Ferrous Industries Ltd (KFIL), Kirloskar Industries Ltd (KIL), Kirloskar Pneumatic Company Ltd and Kirloskar Oil Engines Ltd maintained they are not bound by deed of family settlement (DFS) nor does it have any impact or create any restriction or liability on them. SEBI in a letter dated December 30, 2024 advised the companies to disclose the DFS, entered into amongst the members of the Kirloskar family in their personal capacity, under the SEBI listing obligations and disclosure requirements regulations, they said.

TVS Holdings has sold its entire 100 per cent stake in TVS Emerald, totalling 25.54 crore shares, to Vee Ess Trading, a promoter group firm, for Rs 485.85 crore

ITD Cementation has bagged a Rs 1,648 crore marine contract for the Vadhvan Port in Maharashtra, poised to be India’s largest deep-water port.

Piramal Enterprises has announced an infusion of ₹1,000 crore into its wholly-owned subsidiary, Piramal Capital & Housing Finance Ltd (PCHFL), via a rights issue subscription. The funds will be used for business expansion and corporate activities, ensuring PCHFL remains a 100 per cent subsidiary of Piramal Enterprises.

Sun Pharmaceutical Industries has agreed to sell its subsidiary, Sun Pharma Japan Technical Operations, to Japan’s Zaza Industrial Holdings KK for a nominal consideration of one Japanese yen. As a result, this entity will cease to be a subsidiary.. The subsidiary will no longer be part of the company.