The shares of India's one of the largest real estate companies gained 6 percent of Rs 79 apiece on early trade on Tuesday after the company’s board of directors appointed Mr. Atul Chandra as a Chief Operating Officer. At 12:15 p.m., Indiabulls Real Estate Ltd shares were trading at Rs 77.25 a share on the [...]
The small-cap company’s share price climbed nearly 17% in two trading sessions following an announcement that it is considering the issue of bonus shares. Its shares settled at Rs. 12251.05 apiece on Friday and witnessed a massive increase on Monday, followed by nearly a 6% increase in its share price on Tuesday, to reach an [...]
Return on Capital Employed (ROCE) is a profitability ratio that depicts the company’s ability to efficiently utilize its capital, including both debts and equity. ROCE is determined by dividing earnings before interest and taxes (EBIT) by capital employed. In a ROCE calculation, capital employed refers to the total assets of the Company after all liabilities [...]
Computer Age Management Services Ltd (CAMS) is a financial infrastructure and services provider that offers a mutual fund transfer agency, registrar, KYC registration agency, and other services. The company also offers online transactions, mail-back, capital accounting, and investment services. On Tuesday, Computer Age Management Services Ltd shares were trading at Rs 2,401.50 on the National [...]
On the final day of bidding on Monday, the Initial Public Offering (IPO) of Vishnu Prakash R Punglia Ltd. was subscribed 87.81 times, helped by strong engagement from institutional buyers. The company is into Engineering, Procurement, and Construction (EPC) works. The Rs 308.88 crore-public issue received bids for 1,92,56,17,350 shares against 2,19,30,000 shares on offer, [...]
With an aim to protect investors' interest and the integrity of the capital markets, SEBI has notified a new framework prohibiting listed entities, with more than 200 non-QIB (qualified institutional buyer) holders of non-convertible debt securities, from delisting voluntarily. Under the new rule, the listed entity will have to obtain permission from all holders of [...]
Asia's richest man, Mukesh Ambani, appointed his three children Isha, Akash, and Anant to the board of the company, which he will continue to lead for another five years, and started carrying out a succession plan for his USD 200 billion energy-to-technology conglomerate Reliance Industries. The three kids have only been involved in the running [...]
Reliance Retail, which recently raised USD 1 billion from Qatar's sovereign agency, has garnered significant interest from a number of renowned international strategic and financial investors, RIL Chairman Mukesh Ambani said on Monday. He also stated that the retail venture would rank among the top four listed entities if it were to be listed on [...]
Venus Remedies announced on Monday that it has received the marketing approval for Enoxaparin in pre-filled syringes in Saudi Arabia. The drug is an anticoagulant, i.e, it prevents blood clots. Enoxaparin plays a crucial role in addressing blood clot formation in patients suffering from deep-vein thrombosis, acute coronary syndrome, heart attacks and pulmonary embolism. Venus [...]
A three-member National Company Law Appellate Tribunal bench (NCLAT) on Monday extended the time till September 30 for Jalan-Kalrock Consortium for payment of Rs 350 crore to the lenders of the bankrupt Jet Airways. Jalan-Kalrock Consortium had emerged as the winning bidder for the airline, which stopped flying in April 2019 and later underwent an [...]
