On Tuesday, a parent company of the fintech giant Paytm, One97 Communications Ltd, reported a net profit of Rs 930 crore for the quarter to September 30, 2024, on the back of a one-time gain of Rs 1,345 crore regarding the sale of its entertainment ticketing business to Zomato. For the same period last year, […]
Paytm Posts Rs 930 Crore Q2 Profit, Boosted by Ticketing Business Sale to Zomato Read More »
Ola Electric’s stock surged over 4% to Rs 85.3 on October 22, following the announcement that it had resolved approximately 99.1% of the 10,644 complaints filed with the Central Consumer Protection Authority (CCPA). In a regulatory filing, the company highlighted its effective complaint resolution process, with CFO Harish Abichandani confirming that the issues were addressed
Ola Electric Shares Jump 4% as 99% of Customer Complaints Resolved Before Deadline Read More »
Hyundai Motor India shares began trading on October 22 at Rs 1,934, a 1.32% discount to the IPO price of Rs 1,960. The Indian subsidiary of the South Korean automaker saw tepid retail response to the IPO, but strong interest from Qualified Institutional Buyers (QIBs) led to an oversubscription of nearly 700%. The grey market
Hyundai Motor India Shares Debut at Rs 1,934 on NSE, 1.32% Below IPO Price Read More »
Ambuja Cements Ltd has announced its decision to acquire a 37.9% stake in Orient Cement from the company’s promoters, at a price of Rs 395.4 per share. The deal is valued at an enterprise value of Rs 8,100 crore and will be funded through cash. This acquisition aligns with Ambuja Cements’ strategy to expand its
Ambuja Cements to Acquire 37.9% Stake in Orient Cement for Rs 8,100 Crore Read More »
Afcons Infrastructure IPO Price: ₹440 to ₹463 per shareIPO Dates: 25 October 2024 – 29 October 2024 Company Overview Afcons Infrastructure Limited, incorporated in 1959, is a leading infrastructure engineering and construction company under the Shapoorji Pallonji Group. With over six decades of experience, the company has built a strong reputation for delivering complex and
Review of Afcons Infrastructure Limited IPO: Lot Size, Check Issue Date, Price Read More »
Bajaj Housing Finance reported a 21% year-on-year increase in net profit for Q2 FY25, reaching Rs 546 crore, following its successful IPO in September 2024. The company raised Rs 6,560 crore from the public issue, which saw 64 times oversubscription. Net Interest Income for the quarter rose 13% on-year to Rs 713 crore, as per
Bajaj Housing Finance Q2 Net Profit Rises 21% to Rs 546 Crore in First Report PostIPO Read More »
TD Power Systems has signed a five-year contract to supply traction motors to Europe, anticipating a business volume of Rs 300 crore from the agreement. The initial order, worth Rs 18 crore, is scheduled for delivery in April 2025. Shares of the company rose over 2% in mid-day trading on October 21 following the announcement.
TD Power Secures Rs 300 Crore Traction Motor Deal with European Client Read More »
The Securities and Exchange Board of India (SEBI) has granted approval for initial public offerings (IPOs) by Niva Bupa Health Insurance Company and Paras Healthcare. Observation letters, signalling clearance for the companies to proceed with their IPO plans, were issued by the regulator on October 18. Niva Bupa filed its draft red herring prospectus on
Niva Bupa Health Insurance and Paras Healthcare Secure SEBI Approval for IPO Launches Read More »
UltraTech Cement reported a sharper-than-expected 36% decline in its net profit for the second quarter of FY25, amounting to ₹820 crore, compared to ₹1,280 crore in the same period last year. The drop was attributed to weak demand caused by monsoon-related project delays and a slowdown in construction activities, which affected price realisations. Analysts had
UltraTech Cement’s Q2 Net Profit Drops 36% to ₹820 Crore Amid Slowdown in Demand Read More »
Hyundai Motor India Ltd (HMIL) is set to list its shares on the BSE and NSE on October 22, following a strong 237% subscription for its Rs 27,870 crore Initial Public Offering (IPO). While the IPO saw limited interest from retail investors, it gained significant traction from Qualified Institutional Buyers (QIBs), with the QIB portion
Hyundai Motor India IPO Shows Signs of Recovery Ahead of Listing, GMP Back in Green Read More »
