The Initial Public Offering (IPO) of stainless steel flexible hose manufacturer Aeroflex Industries was subscribed 6.69 times on the first day of subscription on Tuesday. The Rs 351 crore IPO received bids for 15,52,35,730 shares against 2,32,17,667 shares on offer, as per NSE data. The category for non-institutional investors received 14.05 times subscription while the [...]
The CBI has conducted searches at the office of GTL Infrastructure Ltd (GTIL) in Mumbai after registering an FIR against it and unidentified officials of banks in a loan-fraud case of more than Rs 4,000 crore, officials said on Tuesday. The officials of 13 banks are under the agency's scanner for allegedly assigning Rs 3,224 [...]
Mr. Ashish Kacholia, a well-known ace investor based in India, has an aggregate holding of 41 stocks with a net worth of over Rs 2,400 crores. Listed below is one of the stocks in Mr. Ashish Kacholia’s portfolio that reported a high return on equity (RoE) and return on capital employed (RoCE): Gravita India Limited [...]
Leading stock exchange BSE on Tuesday postponed the removal of Jio Financial Services Ltd, the demerged non-banking financial services unit of Mukesh Ambani-led Reliance group, from all the S&P BSE Indices to August 29. Earlier, the stock was scheduled to be removed from the indices on August 24. Jio Financial Services Ltd (JFSL) got listed [...]
State-owned Power Finance Corporation (PFC) will seek shareholders' approval for the issuance of bonus shares by capitalising up to Rs 660.02 crore in its securities premium account. PFC has proposed to issue bonus shares by capitalising securities premium accounts to the extent that each shareholder is entitled to a new equity share of Rs 10 [...]
Shares of a penny stock listed on the BSE opened 5 percent higher and continued to remain locked in an upper circuit at ₹ 11.55 apiece after the company’s board approved the raising of funds. GI Engineering Solutions’ board of directors considered and approved the raising of funds to augment the long-term financial resources of [...]
Bharat Petroleum, the second-largest Indian Oil Marketing Company and one of the premier integrated energy companies in India, has unveiled, cricketing legend and current Head Coach of the Indian cricket team, Rahul Dravid as its new brand ambassador. This incredible partnership underscores our unwavering commitment to quality, authenticity, and excellence. Rahul Dravid's remarkable sportsmanship, role [...]
Debt-ridden telecom operator Vodafone Idea plans to clear about Rs 2,400 crore of dues to the government by September, sources privy to the development said. The company recently cleared pending dues of licence fees and spectrum usage charges of about Rs 450 crore for the March quarter of 2022-23, a source told PTI. "Vodafone Idea [...]
This mid cap stock has an increased share price of more than 50% in a year and 20% in just one day. The share prices of Yuken India Limited is trading at Rs. 727.60 as its 52- week high. The open price for the stock was Rs. 612.35 as well as the lowest price it [...]
On Tuesday, the shares of the leading provider of low code digital transformation platform rose 9 percent to an all-time high of Rs 1000 per share after the company received a USD 9,90,000 order from an international customer. At 3:15 p.m., Newgen Software Technologies Ltd shares were trading at Rs 969 a share on the [...]
Drug firm Glenmark Pharmaceuticals said it has entered into a pact with the US Department of Justice, Antitrust Division (DOJ) to resolve court proceedings related to the pricing of a drug. US-based Glenmark Pharmaceuticals Inc, a subsidiary of the company, has entered into a three-year deferred prosecution agreement with DOJ involving historical pricing practices by [...]
Realty firm Brigade Enterprises Ltd has acquired a 6.54-acre land parcel in Chennai from Pfizer Healthcare India for nearly Rs 139 crore to develop a residential project. The company has entered into a sale deed on Monday for acquiring 6.54 acres of land parcel located at Rajiv Gandhi Salai (Old Mahabalipuram Road), Sholinganallur, Chennai. In [...]
German luxury sports car maker Porsche AG expects around 80 per cent of its sales in India to come from fully electrified vehicles by 2030 and is lining up three such new vehicles to be introduced here early next year, a senior company official said on Tuesday. The company, which sells a range of luxury [...]
We understand that investment in a company’s stock gave a particular percentage of returns in a given period of time. However, knowing how much an investment is making in the long term has become crucial. CAGR (Compound Annual Growth Rate) measures an investment's average annual growth over a given period. It is a helpful tool [...]
India's economic growth will accelerate to 8.5 per cent in the April-June period of the current fiscal from the 6.1 per cent growth rate witnessed in the preceding January-March quarter, Icra Ratings said in a report on Tuesday. The rating agency attributed the faster growth to a supportive base and also a recovery in the [...]
Tata Group stocks are widely talked about and are one of the most famous lists of holdings in India that is continuously covered by various brokerages and other institutions. Listed below is one stock from the Tata Group universe that gets a buy call with a potential upside of more than 20 percent: Tata Steel [...]
The share price of a seed producer gained 18 percent on the Bombay Stock Exchange (BSE) to reach a lifetime high of ₹ 515.00 apiece after the company announced a bonus issue. At 01:17 PM, its shares were trading at ₹ 515.00 apiece. According to an exchange filing, the company has announced a bonus issue [...]
Shares of this multibagger stock under the ‘small-cap’ category jump up to 6 percent after positive sentiments pertaining to the acquisition of an Auto Ancillary entity. With a market capitalization of Rs 10,509.54 crores, the stocks of Ramkrishna Forgings Limited opened their trading hour on Tuesday at Rs 657.65 and currently trade at Rs 657.30. [...]
The shares of one of India's largest independent producer of fine and specialty chemicals rose 12 percent to Rs 121.60 per share after the Gujarat Pollution Control Board revoked the closure decision. At 1:15 p.m., Indo Amines Ltd shares were trading at Rs 117.80 a share on the Exchange, up Rs 9.10 or 8.37 percent. [...]
In the ever-evolving landscape of project management and software development, Jira has emerged as one of the most powerful and popular tools for streamlining workflows and enhancing collaboration among teams. As companies increasingly adopt agile methodologies, the demand for skilled Jira course professionals has surged. This blog will coach you through the essential steps you must take [...]
