Singapore's Temasek Holdings, through its subsidiary Dunearn Investment Mauritius, has sold 2.85% equity (344,30,150 shares) in Devyani International Limited at an average price of Rs 145.04 through a Bulk Deal. As of the December quarter, Temasek has held 5.88% stake in the company. On the other hand, Franklin's India Flexi Cap Fund has picked up [...]
Return on Equity (ROE) is a measure of a company’s financial performance calculated by dividing its net income by shareholders’ equity. It is a good measure of a company’s profitability and how efficient its management is in generating profits. The higher a company’s ROE is, the more efficient its management is at generating income and [...]
Indian Bank is a mid-sized bank that was started in 1907. It is involved in the business of offering deposits, loans and other associated services. There are various segments in the Bank and some of them include the Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations. Corporate loans account for about 44% of the [...]
Mahindra & Mahindra Ltd (M&M) is in advanced talks with global investors to raise money in the range of $1 - 1.3 billion by way of selling shares in its electric vehicles (EV) unit. This move is mainly aimed to accelerate the expansion plans of its subsidiary “EV Co”. Apart from the talks going on, [...]
Shipping Corporation of India’s shares were in the green on Wednesday after the company announced the record date for its demerger. At 03:15 PM, the company’s shares were trading at 138.40 apiece. In an exchange filing, the company said that it has fixed March 31, 2023, as the record date for ascertaining the list of [...]
Board of Power Finance Corporation (PFC), on Tuesday, gave its approval for raising around Rs 80,000 crores from domestic and foreign currency borrowings including bonds, term loans, and commercial paper, for the fiscal year 2023–24. The break up of the sources was discussed in the meeting and it is long-term domestic borrowing of ₹40,000 crores, [...]
Goyal Aluminiums Limited is engaged in the business of providing metal trading services. It offers aluminium sheets, coils, sections, and other aluminium products. The company has a plan to leverage its promoter networks in the Trading community of Delhi as well as to have a strong balance sheet situation in order to increase its presence in [...]
India Meteorological Department (IMD) has forecasted a strong summer and there will be an increase in the demand and usage of fans, ACs, refrigerators, and similar appliances. Global brokerage Jefferies sees a huge upside in companies that manufacture and sell these appliances. "In our coverage, key sectors which could benefit from a good summer are [...]
Blue Star Limited, in a filing with the exchange today, announced that the Company has been successful in securing Railway Electrification orders which totals to about Rs 575 crores. The above order aids the company to expand its presence in the Railways segment and mark a foray into the Railway Electrification space. Being an existing [...]
Indian benchmark index BSE Sensex has fallen by 4.82% year-to-date (YTD) amid the ongoing weakness in the market due to heavy selling by foreign institutional investors and rising interest rates. The index was at 61167.79 points at the beginning of this year, however, it is currently at 58217.81 points. The movement in the Sensex helps [...]
