Marksans Pharma share edged 13 per cent higher in opening deals today, August 14, 2024, after the company posted strong numbers for the April-June quarter of FY25. The stock was at ₹202.18 on the NSE at 11:54 AM, near its intraday high of ₹213. Its stellar earnings report saw a sharp rise in trading volume […]
Marksans Pharma Surges 13% After Strong Q1 Performance Boosts Investor Confidence Read More »
Akihiro Fukutome, global CEO of Sumitomo Mitsui Banking Corporation, is reportedly visiting India this week to consider picking up a sizeable stake in Yes Bank Ltd. According to a Mint report, SMBC could be looking at an investment of as much as USD 5 billion for a 51% stake in the private sector lender in
Sumitomo Mitsui CEO Considers $5 Billion Investment for 51% Stake in Yes Bank Read More »
Vedanta Limited has said it will sell 2.6% in Hindustan Zinc through an offer for sale of stocks, as per a stock exchange filing. This will take forward the sale of around 11 crore shares of Hindustan Zinc. Hindustan Zinc has recently posted its first profit growth in six quarters, driven by firmer zinc prices
Vedanta to Sell 2.6% Stake in Hindustan Zinc Through Offer For Sale Read More »
Hindalco Industries, a flagship company of the Aditya Birla Group, reported a 25% year-on-year increase in its net profit for Q1 FY25, amounting to ₹3,074 crore. This result, announced on August 12, 2024, fell short of market expectations, as a Bloomberg poll had estimated a net profit of ₹3,428 crore for the quarter. The company’s
Hindalco Q1 Results: Net Profit Rises 25% to ₹3,074 Crore Read More »
Torrent Pharmaceuticals, a leading player in the generic pharma industry, is reportedly planning to raise up to $3 billion from international lenders to acquire a controlling stake in JB Chemicals & Pharmaceuticals Ltd. This move is part of Torrent’s broader strategy to expand its market presence. According to a report by Bloomberg on August 13,
Torrent Pharma May Raise Up to $3 Billion to Acquire KKR’s Stake in JB Chemicals Read More »
Olectra Greentech’s stock surged by more than 12% on August 13 after the company announced impressive financial results for the first quarter of FY25. The Hyderabad-based electric vehicle (EV) manufacturer reported a 34% year-on-year (YoY) increase in net profit, reaching ₹24 crore. Revenue also saw significant growth, climbing 45% YoY to ₹314 crore for the
Olectra Greentech Stock Soars 12% Following Strong Q1 Earnings Report Read More »
In the latest quarterly reshuffle by MSCI, several notable changes have been made to the MSCI India Index. Seven stocks, including Dixon Technologies, Oil India, and Rail Vikas Nigam Ltd (RVNL), have been added to the index, according to a statement released on August 12. Other firms that have made it to the index include
Noida-based Interarch Building Products Ltd, engaged in turnkey pre-engineered steel construction solutions, said the IPO price band would be ₹850 to ₹900 per share. The IPO will open for subscription on August 19. It also announced that the anchor book opens on August 16 and will close on August 21. The IPO would comprise a
Interarch Building Products Sets IPO Price Band at ₹850-900 per Share Read More »
Amara Raja Energy & Mobility (ARE&M), a subsidiary of the Amara Raja Group, is seeking external funding options, including debt, equity, or a combination of both, to support its ambitious plan of investing ₹9,500 crore in establishing a gigafactory corridor in Telangana. The company is currently funding its initial phase through internal accruals and borrowings
Amara Raja Explores External Funding for EV Battery Business, IPO Possible Read More »
Bharti Global, the international investment arm of Bharti Enterprises, has announced an agreement to acquire a 24.5% stake in BT Group from Altice UK, the largest shareholder of the British telecommunications company. Altice UK is owned by telecom tycoon Patrick Drahi. Bharti Enterprises, one of the world’s biggies in the telecommunications business, plans to initially
Bharti Global to Acquire Altice UK’s 24.5% Stake in BT Group Read More »
