Life Insurance Corporation of India, the country's largest insurer, has increased its stake in HDFC to over 5 per cent following the acquisition of shares from the open market.

Sanjay Kirloskar-led Kirloskar Brothers (KBL) called an extraordinary general meeting (EGM) on December 8 in response to the demand from Atul Kirloskar-controlled Kirloskar Industries (KIL) that an independent forensic auditor be appointed to conduct an external forensic audit on KBL's legal expenses, aggregating to ₹274 crore.

Shares of Clean Science (Rs 3.25 per share), Navneet Education (Rs 1.5 per share), The Anup Engineering (Rs 8 per share), Vinyl Chemicals (Rs 5 per share), Emkay Global (Rs 1.25 per share), IP Rings (Rs 2 per share), TCFC Finance (Rs 1.2 per share) and Sayaji Industries (Re 1 per share) had announced final dividends. The stocks went ex-dividend on Friday.

The Supreme Court on Thursday asked industrialist Atul Chandrakant Kirloskar and 13 others, made respondents by Kirloskar Brothers Ltd (KBL) in an appeal, to apprise it of their opinion on the issue of mediation to settle the family feud related to assets.

The feud over the deed of family settlement relating to the assets of the more than 130-year old Kirloskar group reached the apex court, with Sanjay Kirloskar moving the apex court against the Bombay High Court order that had relegated the dispute to arbitration.

While IiAS opposed Ramas reappointment to the board and also her appointment as joint managing director citing lack of experience, Sanjay Kirloskar accused the proxy firm of inconsistency in its recommendations and said the advisory firm, in the past, recommended in favour of some other individuals of lower age for a similar position in much larger promoter-led companies.

After passing a split verdict in the PNB Housing matter due to lack of quorum, the Securities Appellate Tribunal (SAT) has now put on hold the passing judgements in other matters.

The channel will be led by experienced anchor Navika Kumar as the editor-in-chief, and will start with seven prime-time shows hosted by well regarded anchors like Sushant Sinha, Padmaja Joshi, Ankit Tyagi and Meenakshi Kandwal.

Named as the Advanced Technology Product Division (ATPD), the new manufacturing division is based at the company's mother plant at Kirloskarvadi, in Maharashtra, KBL said in a statement.

Leading pump makers Kirloskar Brothers Ltd (KBL) is close to being a debt-free company and will continue its growth journey into domestic and international markets, said a top company official.

The Finance Minister Nirmala Sitharamans first post-Covid budget had several measures to bring the unorganised working class into the mainstream economic fold.

Of the total Rs 31.21 crore, they have been asked to disgorge Rs 16.6 crore of ill-gotten gains along with 4 per cent interest, and in addition a penalty of Rs 14.5 crore has been levied on them.

Mistry said housing and real estate sector is the biggest employer in the economy after agriculture, and that 80 per cent of the workforce in the sector require minimal skills.

This is the latest development in the ongoing feud amongst the fourth generation of the industrialist family with Sanjay Kirloskar on one side and his brothers Atul and Rahul and the rest of the family on the other. Sanjay, the second son of Chandrakant Kirloskar, is the CMD of KBL. Elder brother Atul Kirloskar is the chairman of KIL.

A special resolution, to re-appoint Kishor Chaukar on KBL's board, failed to get the 75 percent voting from shareholders at the recent AGM. Most of the Kirloskar family members voted against the resolution

SEBI may soon pass an order on a case that has opened up another battlefront in the war between the three brothers. Will it be Sanjay Kirloskar, or his brothers Atul and Rahul, who will end this round with a smile?

The index was trading 1.43 per cent down at 14230.52.

Shares of KBL more than halved within six months of this transaction by the promoters.

The BSE Smallcap index was trading 0.83 per cent up at 13949.31.

SEBI has charged some of Kirloskar Brothers' promoters with having indulged in unfair trade practices, thereby harming the interests of Kirloskar Industries' minority investors.