Ola Electric Mobility Ltd has announced a price band of ₹72-76 per share for its upcoming initial public offering (IPO), set to open for subscription on August 2 and close on August 6. The IPO includes a fresh issue worth ₹5,500 crores and an offer for sale (OFS) of up to 84.94 million shares, totalling […]
Ola Electric Sets IPO Price Band at ₹72-76 per Share, Launches August 2 Read More »
UltraTech Cement Ltd has announced a significant move to consolidate its position in the Indian cement market. The company’s board has approved the acquisition of a 32.72% stake in India Cements Ltd from the promoters and their associates. This follows an initial purchase of a 22.77% stake in June at Rs 268 per share. The
UltraTech Cement Increases Stake in India Cements with Major Acquisition Read More »
Vistara, the premier full-service carrier of India, announced that passengers on international flights could enjoy complimentary in-flight Wi-Fi. The new service gives 20 minutes of free Wi-Fi on all three cabins aboard its Boeing 787-9 Dreamliner and Airbus A321neo aircraft, thus making Vistara the first Indian airline to introduce this feature. Passengers can use complimentary
Vistara Launches Complimentary In-Flight Wi-Fi on International Flights Read More »
The Aditya Birla Group has announced its Enter into branded jewelry retail with a new brand, ‘Indriya’, proposed to be launched under its subsidiary Novel Jewels. An investment of ₹5000 crore is being planned to open the first four-store outlets across Delhi, Jaipur, Indore on July 27. The company expressed hopes that within the next
Aditya Birla Group Enters Jewellery Market with ₹5000 Crore ‘Indriya’ Brand Launch Read More »
InterGlobe Aviation, operator of IndiGo, India’s biggest airline, posted a net profit of ₹2,736 crore for the quarter ended June 2024, down 11.5% from ₹3,090.6 crore in the June quarter last year. The fall in profit was due to higher fuel costs, even as revenue rose significantly. IndiGo’s revenue from operations rose by 17.3% to
IndiGo Q1 Net Profit Drops 11.5% to ₹2,736 Cr on Rise in Fuel Costs Read More »
According to sources in the know, Bhavish Aggarwal-led Ola Electric will launch the anchor book for its much-anticipated IPO on August 1, and the public issue is likely to open between August 2 and August 6. Listing is likely by August 9, which may make Ola Electric the first Indian EV two wheeler company to
Ola Electric IPO to Launch Anchor Book on August 1; Public Issue Expected August 2-6 Read More »
Sanstar’s initial public offering (IPO) made a strong debut on the National Stock Exchange (NSE), listing at ₹109 per share, a 14.7% premium over its issue price of ₹95. The IPO, which closed on July 23, was a book-built issue totalling ₹510.15 crores, comprising a fresh issue of 4.18 crore shares worth ₹397.10 crore and
Sanstar IPO Debuts on NSE with 14.7% Premium Over Issue Price Read More »
State-owned Canara Bank on Monday posted a net profit of ₹3,905.28 crore in the first quarter of the current financial year, up about 10.5% from ₹3,534 crore in the same quarter a year ago. The profit also rose by 4.0% sequentially over the previous quarter. Asset Quality: The asset quality of Canara Bank has improved,
Canara Bank Q1 Net Profit Rises 11 Per Cent to ₹3,905 Crore Read More »
Nvidia, the leading AI chip manufacturer, has commenced the delivery of its newest AI chips, including the GH200 AI, to major Indian partners like Tata Communications and Jio Platforms. These companies are leveraging advanced technology to build AI-cloud infrastructure across India. Vishal Dhupar, Nvidia’s managing director for South Asia, confirmed the ongoing deployment, stating, “Yes,
Nvidia Delivers Latest AI Chips to Indian Partners for AI Cloud Infrastructure Read More »
Nestle India reported a 6.9% year-on-year increase in net profit for the first quarter of fiscal year 2025, reaching ₹746.6 crore compared to ₹698.3 crore in the same period last year. This figure fell short of market expectations, as a Moneycontrol poll of eight brokerages had projected a net profit of ₹798 crore. The FMCG
Nestle India Q1 Results Net Profit Rises 7% to ₹747 Crore; Shares Decline Read More »
