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DOMS Industries IPO Generates Frenzy with 5.71 Times Subscription: Investors Eagerly Embrace Growth Potential

DOMS Industries IPO Generates Frenzy with 5.71 Times Subscription: Investors Eagerly Embrace Growth Potential

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). [...]
Adani Cement refinances USD 3.5 bn loan

Adani Cement refinances USD 3.5 bn loan

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 [...]
TVS Motor Company enters the Venezuelan market

TVS Motor Company enters the Venezuelan market

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 [...]
Cyient signs initial contract with CEMS

Cyient signs initial contract with CEMS

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 [...]
NLC India Ltd looking into the possibility of mining essential minerals and will participate in an auction: CMD

NLC India Ltd looking into the possibility of mining essential minerals and will participate in an auction: CMD

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’s partnership with Honda Power Pack Energy for battery swap technology

Omega Seiki Mobility’s partnership with Honda Power Pack Energy for battery swap technology

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 [...]
Biocon Biologics appoints Kedar Upadhye as new CFO

Biocon Biologics appoints Kedar Upadhye as new CFO

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) [...]