The initial public offer (IPO) of DOMS Industries procured bids for 5,04,55,458 shares as against 88,37,407 shares on offer, as per stock exchange data on Wednesday (13 December 2023). The issue was subscribed 5.71 times. The IPO was introduced for bidding on Wednesday (13 December 2023) and it will close on Friday (15 December 2023). [...]
Merging with Fincare Small Finance Bank will help AU Small Finance Bank enter the micro lending segment and also ramp up the presence in southern India, a top official said on Monday. In a significant development in the small finance banking sector, Fincare is poised to amalgamate into AU Small Finance Bank (AU SFB), with [...]
iPhone maker Apple India witnessed a 48 per cent jump in revenue on a year-on-year basis to Rs 49,322 crore in the financial year ended March 2023, according to financial details provided by business intelligence firm Tofler. Apple India had registered revenue of Rs 33,381 crore in the financial year (FY) 2022. The company's profit [...]
On Friday, JSW Steel reported returning to black as it posted a consolidated net profit of Rs 2,773 crore for the July-September quarter on the back of higher income. In the second quarter of the last financial year, the steelmaker suffered a loss of Rs 915 crore. JSW said in a regulatory filing, the total [...]
Adani Cement announced on Friday that it had refinanced a USD 3.5 billion loan it took to acquire ACC and Ambuja Cement, indicating the growing trust of international institutions in the conglomerate. The firm said in a statement that as many as 10 international banks refinanced the facility. "The re-financing program of USD 3.5 billion [...]
On Friday, TVS Motor Company announced that its foray into the Venezuelan market with plans to launch 14 products, including two-wheelers and three-wheelers. TVS Motors Company said in the filing that the company will be introducing the products with its local distributor, SERVISUMINISTROS JPG. The company's product line includes premium motorcycles like as the RR [...]
On Friday, digital, engineering and technology solutions company Cyient said it has signed an initial pact with the Centre of Excellence in Maritime and Shipbuilding (CEMS) to collaborate on skill enhancement training for the student community. Cyient said in the statement that one of the primary objectives of this industry-academia partnership is to leverage Cyient's [...]
The company’s CMD Prasanna Kumar Motupalli said on Friday that NLC India Ltd is exploring the possibility of mining critical minerals, including lithium, and will participate in the auction of the blocks once they are on offer. The statement comes at a time when the government is in the process of auctioning critical minerals. In [...]
Omega Seiki Mobility, an electric vehicle maker on Friday announced a strategic partnership with Honda Power Pack Energy India (HEID) for implementing battery swap technology in over 10,000 passenger and cargo vehicles in the next two years. OSM said in the statement that under this collaboration, HEID, the subsidiary company of Japanese automobile giant Honda [...]
On Thursday Biocon Biologics said it has appointed Kedar Upadhye as its new CFO. Upadhye replaces MB Chinappa who will take up a finance role at the Biocon Group. The Bengaluru-based compnay said in a statement that the leadership changes will be effective October 31, 2023, the Bengaluru-based company said in a statement. "He (Upadhye) [...]
