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News Desk

Bharat Electronics Shares Under Spotlight After Securing Rs 634 Crore Order

Bharat Electronics Shares Under Spotlight After Securing Rs 634 Crore Order

/ Indian Market

Bharat Electronics Limited (BEL) shares are set to remain in focus on December 10 as the company announced securing a new order worth Rs 634 crore. The order includes maintenance of the Akash Missile System, telescopic sights for guns, communication equipment, jammers, electronic voting machines, and spares, among other products and services. With this latest […]

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Sanjay Malhotra Appointed as RBI Governor for Three-Year Term

Sanjay Malhotra Appointed as RBI Governor for Three-Year Term

/ Indian Market

Sanjay Malhotra, currently the Revenue Secretary, has been appointed as the next Governor of the Reserve Bank of India (RBI) for a three-year term. He will take over from the outgoing Governor, Shaktikanta Das, on December 11, according to a notification issued by the Department of Personnel and Training on December 9. About Sanjay Malhotra

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Hyundai Motor India to Strengthen EV Charging Network with 600 Fast Chargers by 2030

Hyundai Motor India to Strengthen EV Charging Network with 600 Fast Chargers by 2030

/ Indian Market

Hyundai Motor India Ltd (HMIL) announced plans to enhance the country’s electric vehicle (EV) charging infrastructure by installing nearly 600 fast-charging stations nationwide over the next seven years. The initiative aims to address consumer concerns about long-distance EV commutes due to limited highway charging options. The company intends to use its global EV and battery

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Vodafone Idea Approves Rs 1,980 Crore Fundraising via Preferential Issue

Vodafone Idea Approves Rs 1,980 Crore Fundraising via Preferential Issue

/ Indian Market

On December 9, Vodafone Idea’s board approved a proposal to raise Rs 1,980 crore through the issuance of 176 crore shares on a preferential basis. The shares will be priced at Rs 11.28 each. The fundraising includes Rs 1,280 crore from Omega Telecom and Rs 700 crore from Usha Martin Telematics, both part of the

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Godrej Consumer Shares Drop 9% After Q3 Growth Warning

Godrej Consumer Shares Drop 9% After Q3 Growth Warning

/ Indian Market

Shares of Godrej Consumer Products Limited tumbled over 9% on December 9 after the company gave a cautious outlook for the October-December quarter. The company expects mid-single-digit sales growth for Q3 and has flagged subdued economic demand conditions. It has also warned of a “temporary downward breach” in its operating margins for the quarter, along

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Investors File Plea in Delhi HC Urging Sebi to Approve NSE IPO

Investors File Plea in Delhi HC Urging Sebi to Approve NSE IPO

/ Indian Market

Investors, led by the People Activism Forum, have petitioned the Delhi High Court to direct the Securities and Exchange Board of India (Sebi) to approve the National Stock Exchange’s (NSE) long-awaited initial public offering (IPO). The plea follows Sebi’s reluctance to issue a no-objection certificate (NOC) despite NSE reapplying on August 27, according to a

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Inventurus Knowledge Solutions IPO Opens December 12, Sets Price Band at Rs 1,265–1,329

Inventurus Knowledge Solutions IPO Opens December 12, Sets Price Band at Rs 1,265–1,329

/ IPO News

Inventurus Knowledge Solutions Ltd has announced the price band for its initial public offering (IPO) at Rs 1,265–1,329 per share. The IPO will open for subscription on December 12 and close on December 16, 2024. Anchor investor bidding will commence on December 11, with allotment finalisation on December 15. Refunds and equity share credits are

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Flipkart Plans IPO by 2026, Shifts Base to India for Domestic Listing: Report

Flipkart Plans IPO by 2026, Shifts Base to India for Domestic Listing: Report

/ Indian Market

Flipkart, India’s leading e-commerce platform, is preparing for an initial public offering (IPO) in the next 12-15 months, with plans to shift its corporate domicile from Singapore to India, according to reports. The Walmart-owned company, valued at $36 billion, has reportedly secured internal approvals for this strategic move, which aligns with its vision to list

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International Gemmological Institute Sets IPO Price Band at ₹397-₹417 Per Share

International Gemmological Institute Sets IPO Price Band at ₹397-₹417 Per Share

/ IPO News

International Gemmological Institute (IGI) India Ltd has announced a price band of ₹397-₹417 per share for its highly anticipated initial public offering (IPO). The company aims to raise ₹4,225 crore through this IPO, which will open for subscription on December 13 and close on December 17. Anchor bidding will commence on December 12, with the

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Blackstone-Backed IGI to Launch ₹4,225 Crore IPO on December 13

Blackstone-Backed IGI to Launch ₹4,225 Crore IPO on December 13

/ IPO News

The International Gemmological Institute (India), supported by Blackstone, is preparing for its initial public offering (IPO) on December 13. The company aims to raise ₹4,225 crore, combining a fresh issue of ₹1,475 crore and an offer-for-sale (OFS) worth ₹2,750 crore by its promoter, BCP Asia II TopCo Pte. The price band for the IPO will

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