TVS Supply Chain Solutions, part of TVS Mobility Group, has re-filed draft IPO papers with capital markets regulator Sebi and cut the fresh issuance size to Rs 750 crore from Rs 2,000 crore planned earlier. The company, which got approval from Sebi in May 2022 to float the initial public offering (IPO), did not launch [...]
According to a recent report by McKinsey, India is likely to account for more than a fifth of incremental global consumption for chemicals over the next two decades. Domestic demand is projected to rise to $1,000 billion by 2040. The sector is projected to grow at 11-12 percent during 2021-27 and 7-10 percent during 2027-40. [...]
With a market capitalization of ₹ 5,27,507 crores, ITC is a blue-chip company that has diversified business interests. The conglomerate operates through four business segments — FMCG, Hotels, Paper and Packaging, cigarettes and agribusiness. The company’s shares have been on an uptrend and reached a new all-time high of ₹ 428.50 apiece on Wednesday. In [...]
Aviation stocks soared higher on Wednesday’s intraday trades after Wadia group-owned airline Go First, on May 02, 2023, voluntarily filed for bankruptcy with the National Company Law Tribunal (NCLT), blaming the situation on Pratt & Whitney for supplying faulty engines. The surprise move can prove to be beneficial for its rivals like Spice Jet and [...]
Godrej Properties on Wednesday reported 58 per cent increase in consolidated net profit at Rs 412.14 crore for the quarter ended March 2023 on higher revenue driven by strong housing demand. Its net profit stood at Rs 260.47 crore in the year-ago period. Total income rose to Rs 1,838.82 crore in the fourth quarter of [...]
Shares of FINO Payments Bank Limited, a Private sector player, witnessed its shares jumping nearly 2 percent and currently trade at Rs 221.65. In the past month, the stock has delivered returns of around 6.5 percent to its stakeholders ranging from Rs 208 to the current levels. The company recently announced its results for FY22-23 [...]
Tata group owned Air India on Wednesday announced entering into an interline pact with Vistara. An interline arrangement refers to a pact to issue and accept tickets for flights that are operated by the partner airline. When selling an interline ticket, the operating airlines own flight numbers are used. The partnership allows Air India's passengers [...]
Edible oil major Adani Wilmar on Wednesday reported 60 per cent decline in consolidated net profit at Rs 93.61 crore for the quarter ended March 2023 on lower revenue. Its net profit stood at Rs 234.29 crore in the year-ago period. Total income fell to Rs 13,945.02 crore in January-March 2022-23 from Rs 14,979.83 crore [...]
Stocks of the Public sector lender UCO Bank opened its trading session at Rs 30.25 and currently trade at Rs 29.15. The scrip is down 5.2 percent as compared to the previous closing price of Rs 30.75. The company recently announced its results for the financial year 2022-2023, details of which are discussed later on [...]
Shares of Indian Hotels Company Ltd (IHCL) appreciated to the tune of 4.48% on Wednesday’s early deals to reach an intraday high of ₹ 363.00 apiece on the National Stock Exchange (NSE) after reporting robust results. The company’s total income grew by 73.27% to ₹ 1,654.54 in the January to March quarter (Q4FY23), against ₹ [...]
