Billionaire Gautam Adani's group has created a new company for its foray into healthcare services through the acquisition of large hospitals, diagnostic chains, and offline and digital pharmacies. Adani Enterprises Ltd - the group's business incubator firm - in a regulatory filing said a wholly-owned subsidiary, Adani Health Ventures Ltd (AHVL) was incorporated on May [...]
APM Terminals Pipavav (Gujarat Pipavav Port Ltd) on Thursday reported a 10 per cent rise in net profit at Rs 72.4 crore for the quarter ended March 31, 2022. The private port operator had recorded a net profit of Rs 65.4 crore in the corresponding quarter of fiscal year ended March 2021, according to a [...]
Dr Reddy's Laboratories Ltd on Thursday said its consolidated profit after tax for the quarter ended March 31 was down by 76 per cent to Rs 87.5 crore against Rs 362.4 crore in the same quarter a year ago. Revenues during the quarter under discussion were up by 15 per cent to Rs 5,436.8 crore [...]
Axis Asset Management Company, the mutual fund promoted by Axis Bank, has terminated its chief trader and fund manager Viresh Joshi, who was facing allegations of front-running. Front-running refers to an illegal practice in the stock market where an entity trades on the basis of advance information from a broker or analyst before the information [...]
Online travel firm MakeMyTrip on Thursday said it has partnered with 15 banks, NBFCs and fintech players, including HDFC Bank, IDFC Bank, Capital float and Zest Money, for its 'book now pay later' option while booking flight or hotels. The company's fintech arm TripMoney has established a marketplace attracting 15 banks, NBFCs and fintech players, [...]
Speciality chemicals company Aether Industries on Thursday said it has fixed a price band of Rs 610-642 for its Rs 808-crore initial public offering (IPO). The initial share-sale will open for public subscription on May 24 and conclude on May 26. The bidding for anchor investors will open on May 23, the company announced. The [...]
Domestic solar PV module manufacturer Waaree Energies on Thursday said it has secured new orders worth USD 2.37 billion from customers in the domestic and international markets. The orders are for supplying high-efficiency bifacial solar panels of 540Wp (watt peak) and 600Wp, Waaree Energies said in a statement. These panels will be produced in Waaree's [...]
The platform will utilise funds to enhance existing products and launch new offerings for college students New Delhi, 19th May 2022: Internshala, a career tech platform for college students, raised an undisclosed amount in the Series A funding round from LC Nueva Investment Partners that raised the investment through their venture capital fund – LC [...]
Domestic cooking gas LPG price was on Thursday hiked by Rs 3.50 per cylinder, the second increase in rates this month. Non-subsidised LPG now costs Rs 1,003 per 14.2-kg cylinder in the national capital, according to a price notification of state fuel retailers. The hike comes on the back of a Rs 50 per cylinder [...]
IDBI Bank on Wednesday said it has divested its entire stake of over 19 per cent in ARCIL to Avenue India Resurgence Pte. The lender, however, did not disclose the deal value. "...IDBI Bank has sold its entire holding of 6,23,23,800 fully paid-up equity shares constituting 19.18 per cent of the total equity share capital [...]
