Archean Chemical Industries, a speciality marine chemical manufacturer, on Thursday said it has fixed a price band of Rs 386-407 a share for its Rs 1,462-crore initial public offering (IPO). The initial share-sale will open for public subscription on November 9 and conclude on November 11. The bidding for anchor investors will open on November [...]
The shares of Adani Ports and Special Economic Zone Limited were trading marginally lower at Rs 834 levels till the afternoon on Wednesday. In the past five days, the stock has gained approximately 4 per cent. The Adani group company reported a strong quarterly result. In Q2FY23, their revenue from operations grew by 32.8 per [...]
Telecom operator Bharti Airtel on Wednesday said it has surpassed 1 million customers on 5G network within 30 days of its commercial launch even while the network is being built. Earlier, Airtel had announced phase wise roll-out of its 5G services in Delhi, Mumbai, Chennai, Bengaluru, Hyderabad, Siliguri, Nagpur and Varanasi. The services in these [...]
Akasa Air will start flights from Bengaluru to Pune from November 23, making the city the ninth destination in the new airline's network. The carrier, which started operations on August 7, expects to cross some 58 daily flights and 400 weekly flights by the end of November, a release said on Wednesday. Owing to rising [...]
The shares of LIC Housing Finance Limited saw a free fall on Wednesday after the stock declined by as much as 10 per cent in the early hours. Till 12.15 the stock was trading at Rs 365 levels. The stock declined despite the company reporting an increase in net profit in the latest quarter. The [...]
The shares of Karnataka Bank Limited were locked in an upper circuit of 20 per cent in the early hours of Wednesday. The shares soared after the company reported robust Q2 results. In Q2FY23, the Net Interest Income (NII) of the bank increased for the quarter by 26 per cent to Rs 802.73 crore from [...]
US-based private equity major Bain Capital on Tuesday divested 0.54 per cent stake in private sector lender Axis Bank for Rs 1,487 crore through an open market transaction. According to bulk deal data available with BSE, the private equity firm sold 1,66,80,000 shares, amounting to 0.54 per cent stake in the company. The shares were [...]
The Indian benchmark indices opened on a positive note on Tuesday. The BSE Sensex was up 363.80 points or 0.60% at 61,110.39, and NSE Nifty 50 jumped 99.50 points or 0.55% to open at 18,111.70. As the markets are on the track to regaining their highs, here are 7 stocks recommended by analysts for an [...]
Wal-Mart India Pvt Ltd, which operates Best Price Flipkart wholesale stores, has witnessed its loss widening to Rs 299.01 crore in FY22 despite its revenue from operations going up, according to financial data accessed by business intelligence platform Tofler. Wal-Mart India, in which Flipkart acquired 100 per cent interest in July 2020, had reported a [...]
Life Insurance Corporation of India (LIC) has raised its stake in Capri Global Capital by 2 per cent over the last few months at an investment of Rs 257.37 crore. Its shareholding in Capri Global has increased from 1,24,00,000 to 1,59,51,171 equity shares, increasing its stake from 7.052 per cent to 9.072 per cent of [...]
