Tata Sons Pvt Ltd is set to earn approximately Rs 2,600 crore in dividend income from its stake in Tata Consultancy Services (TCS). Holding 71.74% of TCS, Tata Sons will benefit from the IT giant’s second interim dividend of Rs 10 per share for FY25. TCS had previously distributed Rs 10 per share in July […]
Tata Sons to Receive Rs 2,600 Crore in Dividends as TCS Announces FY25 Interim Payout Read More »
Indian Renewable Energy Development Agency (IREDA) reported a significant 36% year-on-year (YoY) rise in net profit for the second quarter ending September 30, 2024, reaching Rs 387.75 crore. In comparison, the firm recorded Rs 284.73 crore in profit during the same period in the previous fiscal year, as per its exchange filing. Accordingly, revenue from
IREDA Q2 Net Profit Rises by 36% YoY to Rs 388 Crore Read More »
The Maharashtra government has declared a day of mourning on Thursday, October 10, to honor the late industrialist Ratan Tata, who passed away at the age of 86 in a Mumbai hospital. Chief Minister Eknath Shinde’s office confirmed the announcement, stating that the national tricolour on government buildings will be flown at half-mast. Entertainment events
Maharashtra Declares Day of Mourning to Honor Ratan Tata on October 10 Read More »
Rashtriya Chemicals and Fertilisers (RCF) stock will be in the spotlight on October 10 following the company’s decision to award a Rs 1,000.27 crore contract to Larsen & Toubro (L&T). The contract involves the setup of a 1200 MTPD complex fertilizer plant at RCF’s ThaI facility on an LSTK (Lump Sum Turnkey) basis and is
RCF Shares in Focus After Awarding Rs 1,000-Crore Contract to L&T Read More »
Adani Enterprises, the flagship firm of Gautam Adani’s conglomerate, has launched the first tranche of its Qualified Institutional Placement (QIP) to raise $500 million. This comes as part of its broader plan to raise up to $2 billion, with a second QIP expected in the coming months. Approved by the board in May 2023, the
Adani Enterprises Launches First $500 Million QIP Tranche Read More »
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has kept the repo rate unchanged at 6.5 percent but shifted its policy stance to neutral. This decision follows the US Federal Reserve’s recent jumbo rate cut of 50 basis points. A poll of 12 economists, bankers, and fund managers had predicted the RBI would
RBI MPC Holds Repo Rate Steady at 6.5%, Shifts Stance to Neutral Read More »
Hyundai Motors India Ltd is set to raise approximately Rs 8,315 crore from anchor investors by issuing 42.42 million shares on October 14, ahead of its highly anticipated Initial Public Offering (IPO). The IPO, open for subscription from October 15 to October 17, is priced between Rs 1,866 and Rs 1,960 per share. The IPO
Hyundai Motors India to Raise Rs 8,315 Crore via Anchor Bidding on October 14 Read More »
Hyundai Motor India, the country’s second-largest carmaker, has announced a price band of Rs 1,865-1,960 per share for its Rs 27,870-crore initial public offering (IPO), which is set to open on October 15. The IPO, consisting entirely of an offer-for-sale of 14.2 crore equity shares by its parent company Hyundai Motor Company, will close on
Hyundai Motor India Sets IPO Price Band at Rs 1,865-1,960 for Rs 27,870-Crore Offering Read More »
The Securities and Exchange Board of India (SEBI) has issued observation letters for the IPO plans of National Securities Depository Limited (NSDL), Zinka Logistics Solutions (operating as Blackbuck), and Standard Glass Lining Technology, allowing them to move forward with their public offerings. NSDL IPO: NSDL, which filed its draft prospectus in July last year, received
SEBI Clears IPOs for NSDL, Zinka Logistics, and Standard Glass Lining Technology Read More »
Sheela Foam, the owner of popular mattress brands Sleepwell and Kurlon, announced on October 8 that it has acquired a 10.5% stake in House of Kieraya Ltd, the parent company of furniture rental brand Furlenco, for Rs 107 crore. This news drove the company’s stock up by 3.16%, trading at Rs 900.15 on the NSE
Sheela Foam’s Stock Rises 3% Following 10.5% Stake Acquisition in Furlenco Parent Read More »
