Axis Asset Management has said that it is cooperating with regulatory authorities amid reports of Sebi carrying out 'search and seizure' at several entities in connection with an ongoing probe in the front-running case at the fund house. "Axis AMC has been conducting a Suo moto investigation since February 2022, with assistance from reputed external [...]
Hero Electric on Monday said it has joined hands with Cholamandalam Investment and Finance Company to offer retail finance for electric two-wheelers. The partnership will enable the company to cater to newer markets with Chola's widespread presence across the country, the electric two-wheeler maker said in a statement. "The fluctuating market scenario and increased preference [...]
Leading B2B payments and services provider PayMate India has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,500 crore through an initial public offering (IPO). The initial share-sale comprises fresh issue of equity shares worth Rs 1,125 crore and Offer-for-sale (OFS) of Rs 375 crore by promoters, investors and other shareholders, according [...]
Biscuit manufacturer Britannia Industries Limited has declared a final dividend of ₹ 56.50 per share on 2nd May 2022. This is about 5650% of its face value of ₹1 per share. The shares will start trading ex-dividend on 20th June 2022. The company posted a 4.26% increase in its net profit from ₹364.32 crores during [...]
Infrastructure major Larsen and Toubro (L&T) on Monday said it has received another significant contract order for Chennai Metro Rail Project. According to the company's project classification, the value of a significant order ranges between Rs 1,000 crore to Rs 2,500 crore. "L&T Construction awarded another Significant contract for Chennai Metro Rail Project (CMRL)," L&T [...]
The shares of 3M India opened at ₹ 19800 apiece with a gap up opening of 13.52% and touched an intraday high of ₹ 20899 in NSE on Monday’s early trades. They are currently trading at ₹ 19330 levels after changing 29510 hands. The company reported a consolidated total income of ₹ 934.81 crores in [...]
Tata Motors on Monday said its subsidiary and Ford India have inked a pact with the Gujarat government to acquire FIPL's Sanand vehicle manufacturing plant. Tata Passenger Electric Mobility Ltd (TPEML) -- a subsidiary of Tata Motors -- and Ford India Pvt Ltd (FIPL) have today signed a memorandum of understanding (MOU) with the Gujarat [...]
Shares of luxury and premium watch retail player Ethos Ltd on Monday listed with a discount of 6 per cent against the issue price of Rs 878. The stock made its debut at Rs 830, registering a decline of 5.46 per cent from the issue price on the BSE. It further tumbled 9.24 per cent [...]
Realty firm Shriram Properties on Saturday reported a consolidated net profit of Rs 64.4 crore for the quarter ended March. Its net loss stood at Rs 3.15 crore in the year-ago period. Total income rose to Rs 236.5 crore in the fourth quarter of this fiscal year from Rs 157.33 crore in the corresponding period of [...]
Packaging materials and solution company Uflex Ltd on Saturday reported a 32.32 per cent growth in its consolidated net profit to Rs 350.59 crore for the fourth quarter ended on March 31, 2022. The company had posted a net profit of Rs 264.95 crore during the January-March quarter a year ago, Uflex said in a [...]
