Thu, Jan 25, 2024
Nokia, however, saw improvement in gross margins boosting profits as sales of products shifted towards software, which brought in higher margins.
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Sat, Jan 20, 2024
Walt Disney and Mahindra group officials have joined the Board of Directors of US India Strategic and Partnership Forum, which the organisation said is testimony to the success story of American companies in India and a growing presence of Indian conglomerates in the US.
Mon, Jan 15, 2024
The second banker said the Committee of Creditors could also consider extending the month-end deadline at the request of a potential suitor.
Mon, Dec 12, 2022
The IPO received bids for 14,30,715 shares against 1,28,00,000 shares on offer, according to NSE data. The category for non-institutional investors received 12 per cent subscription and Retail Individual Investors (RIIs) part was subscribed 13 per cent.
Sun, Dec 11, 2022
The government currently holds a 29.54 per cent stake in HZL, while a 5.54 per cent stake is with public shareholders. Mining mogul Anil Agarwal's Vedanta Ltd is the promoter with a 64.92 per cent stake in HZL.
The initial share sales of wine producer Sula Vineyards and Abans Holdings, the financial services arm of Abans Group, will open for public subscription on December 12, while that of automobile dealership chain Landmark Cars will begin on December 13, data with stock exchanges showed.
At the time of filing the draft paper with the Securities and Exchange Board of India (Sebi), market sources had indicated the company is looking at a valuation of over USD 1.5 to 1.7 billion.
In a regulatory filing, Jaypee Power Ventures informed that a board meeting has been convened on Monday to "apprise the board of the recommendations of the Audit Committee to consider the proposal of divestment of Jaypee Nigrie cement Grinding unit."
Sat, Dec 10, 2022
The carmaker, which sells products under BMW and Mini brands in the car segment and bikes under BMW Motorrad, is all set to introduce eight products over the next eight weeks in the country.
The capital was raised from 22 investors, including BNP Paribas Arbitrage, Morgan Stanley (Asia) Singapore Pte Ltd, Citigroup Global Markets Mauritius Pvt Ltd, Goldman Sachs and Abu Dhabi Investment Authority.
Thu, Dec 08, 2022
A private sector appointee to lead India's largest insurer, which manages 41 trillion rupees ($500.69 billion) in assets, would be a first in its 66-year history.
The three-day initial share-sale will conclude on December 14 and the bidding for anchor investors will open on December 9, the company said in a statement. The public issue will be entirely an offer for sale (OFS) aggregating to 26,900,532 equity shares by the promoter, investors and other shareholders.
According to Sebi, the subscription towards the OFCDs was solicited by the two companies from the general public throughout the country, without adequately informing them about the risks involved in the instruments.
Tue, Dec 06, 2022
Vedanta Ltd on Tuesday said it is considering raising up to Rs 500 crore through debentures. Oil-to-metals conglomerate will raise the amount in one or more tranches.
Mon, Dec 05, 2022
During the September 2022 quarter, ATC's largest customer in India Vodafone Idea (VIL) indicated that it would make a partial payment of its contractual amounts owed to the company under tenant leases for the remainder of 2022, including amounts owed for the three months ended September 30, 2022.
Sun, Dec 04, 2022
"We expect to end the year with a turnover of around Rs 3,000 crore in the current fiscal, a 20 per cent increase over last year. Inflation has impacted costs by 8-10 per cent affecting margin," thyssenkrupp Industries Managing Director and CEO Vivek Bhatia said.
"We are planning for our IPO in October-November of 2024, which will be subject to the market conditions," Kabra told PTI adding that by the first half of May, the company will have its balance sheet for FY23 and after that, it will file IPO papers with markets regulator Sebi.
Centrum Housing has entered into a binding agreement to acquire the housing finance business of National Trust Housing Finance, the Centrum group said in a statement, without disclosing the value of the transaction.
Tue, Nov 29, 2022
The company has decided to allot 43.44 lakh equity shares to anchor investors at Rs 577 apiece, aggregating the transaction size to Rs 250.68 crore, according to a public notice uploaded on BSE's website.
Sun, Nov 27, 2022
The company has started bookings for its project 'Mahagun Medalleo' at Sector 107, spread over 40,000 square metres.
Sat, Nov 26, 2022
"As part of our annual operating planning review process, we have made the decision to discontinue Amazon Food," said a company spokesperson.
Wed, Nov 23, 2022
According to Axios, more than 3,000 jobs have been cut till October this year in the media industry, and more are on the way. Warner Bros Discovery has continued to lay off employees amid slowdown.
The initial public offering (IPO) consists of fresh issue of equity shares worth up to Rs 216 crore and an offer-for-sale (OFS) of up to 14.83 lakh equity shares by existing shareholders. At the upper end of the price band, the Ahmedabad-based company would fetch Rs 251.15 crore.
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