Online travel firm MakeMyTrip on Thursday said it has partnered with 15 banks, NBFCs and fintech players, including HDFC Bank, IDFC Bank, Capital float and Zest Money, for its 'book now pay later' option while booking flight or hotels. The company's fintech arm TripMoney has established a marketplace attracting 15 banks, NBFCs and fintech players, [...]
Speciality chemicals company Aether Industries on Thursday said it has fixed a price band of Rs 610-642 for its Rs 808-crore initial public offering (IPO). The initial share-sale will open for public subscription on May 24 and conclude on May 26. The bidding for anchor investors will open on May 23, the company announced. The [...]
Domestic solar PV module manufacturer Waaree Energies on Thursday said it has secured new orders worth USD 2.37 billion from customers in the domestic and international markets. The orders are for supplying high-efficiency bifacial solar panels of 540Wp (watt peak) and 600Wp, Waaree Energies said in a statement. These panels will be produced in Waaree's [...]
The platform will utilise funds to enhance existing products and launch new offerings for college students New Delhi, 19th May 2022: Internshala, a career tech platform for college students, raised an undisclosed amount in the Series A funding round from LC Nueva Investment Partners that raised the investment through their venture capital fund – LC [...]
The dividend that a company pays is one of the most important factors for stock selection for some people. The ex-dividend date is the date on which the stock that is about to pay a dividend will start trading without the benefit of a dividend. This means that if investors want to receive dividends on [...]
The Nifty Midcap 100, a barometer of the midcap companies listed on NSE, has given a return of -7.66% so far in 2022 YTD and -10.10% in the last year six months. In the bear market of 2022, many midcap stocks are trading at significant discounts compared to their previous highs. Here is the list [...]
Domestic cooking gas LPG price was on Thursday hiked by Rs 3.50 per cylinder, the second increase in rates this month. Non-subsidised LPG now costs Rs 1,003 per 14.2-kg cylinder in the national capital, according to a price notification of state fuel retailers. The hike comes on the back of a Rs 50 per cylinder [...]
IDBI Bank on Wednesday said it has divested its entire stake of over 19 per cent in ARCIL to Avenue India Resurgence Pte. The lender, however, did not disclose the deal value. "...IDBI Bank has sold its entire holding of 6,23,23,800 fully paid-up equity shares constituting 19.18 per cent of the total equity share capital [...]
Wow Skin Science, a beauty and wellness focused brand, on Wednesday said it has received funds from Singapore's sovereign wealth fund GIC. The company did not disclose the amount received but said it wants to invest the fresh capital in brand building and talent acquisition. It will also be looking at acquisition-led growth opportunities, an [...]
Cooling products maker Blue Star has doubled its production capacity of deep freezers as the company looks to tap the rising demand in the commercial refrigeration business. The company has augmented its manufacturing facility at Wada, Maharashtra with a capital expenditure of around Rs 130 crore. Now, it has the capacity to produce around 2 [...]
IndusInd Bank on Wednesday said it has sold over 38 lakh shares of Birla Tyres Ltd in tranches in the last one week on invocation of pledged shares. On May 10, the private sector lender had acquired 1,45,63,787 equity shares equivalent to 10.214 per cent of paid-up equity share capital of Birla Tyres Ltd on [...]
Artificial intelligence and data are key differentiators for enterprises at present and the change in technology consumption reflects the prevailing trends in the economy, Tata Group chairman N Chandrasekaran said in the TCS annual report released on Wednesday. He said that the past couple of years has been a period of intense action and reflection [...]
Capital markets regulator Sebi on Wednesday imposed a penalty of Rs 5 lakh on an entity for non-genuine trades in the illiquid stock options on BSE. The fine has been imposed on Rajendra Kumar Bubna HUF. The order came after Sebi observed large scale reversal trades in the illiquid stock options segment on BSE, leading [...]
A Delhi High Court judge Wednesday recused himself from hearing the bail plea by former managing director and chief executive officer of National Stock Exchange (NSE) Chitra Ramkrishna in connection with the co-location case being probed by the Central Bureau of Investigation. Justice Talwant Singh directed that the matter be listed for hearing on Friday [...]
JK Lakshmi Cement on Wednesday reported an 18.36 per cent increase in its consolidated net profit to Rs 188.36 crore for the fourth quarter ended in March 2022, helped by improvement in operational efficiencies and higher volume. The company had posted a profit of Rs 159.13 crore in the January-March period a year ago, JK [...]
The country's largest domestic budget carrier IndiGo on Wednesday announced the appointment of Pieter Elbers as its Chief Executive Officer, replacing incumbent Ronojoy Dutta. The 71 year-old Dutta, who came to helm the airline in January 2019, has decided to retire on September 30, after guiding the airline through the turbulent Covid period, IndiGo said in [...]
The initial share sale of speciality chemicals company Aether Industries will open for public subscription on May 24. According to the Red Herring Prospectus (RHP), the three-day Initial Public Offering (IPO) will conclude on May 26. The bidding for anchor investors will open on May 23. The company has cut the size of the fresh [...]
Shares of Ruchi Soya Industries Ltd jumped 10 per cent on Wednesday as Patanjali Ayurved decided to sell its food retail business to the firm. The stock zoomed 9.59 per cent to settle at Rs 1,186.85 on the BSE. During the day, it rallied 10 per cent to Rs 1,191.30. On the NSE, it jumped [...]
Brookfield India Real Estate Trust (Biret), the only 100 per cent institutionally-managed Reit in the country, on Wednesday announced Rs 170 crore or Rs 5.10 per unit dividend for the March quarter, taking the total cumulative payout to Rs 690 crore or Rs 22.10/unit for the full fiscal 2022. The company said it has generated [...]
Westlife Development Ltd which owns Hardcastle Restaurants, the Master Franchisee of McDonald's restaurants for west and south India, on Wednesday reported a consolidated net profit at Rs 15.06 crore for the fourth quarter ended March 2022. The company had posted a net loss of Rs 6.03 crore in the January-March quarter a year ago, Westlife [...]
