LIC gets more time for 10% public holding
Earlier, LIC had got a one-time exemption to meet a 25% minimum public shareholding within 10 years by May 2032 of its listing in May 2022. The government divested the stake through an offer for sale (OFS) and raised ₹21,000 crore by selling a 3.5% stake then
BlackRock's India bond ETF 'One-Stop-Shop' for foreigners
Pointing out that global bond markets are still largely over-the-counter institutions, Koay said that for foreign investors looking to invest in Indian bonds, there are four layers at present - setting up a specific account to access bonds located here, determining the exchange rate considerations, procuring the bonds and posting margin considerations while looking at tax considerations.
Go Digit retail portion subscribed 1.4 times
The portion for non-institutional investors was subscribed 0.3 times. Overall, on day 1, the insurtech company's issue was subscribed 0.36 times. Fairfax-backed Go Digit General Insurance, which runs Digit Insurance, had already raised ₹1,176.5 crore from anchor investors a day ahead of its IPO.
SBI increases deposit rates by 25-75 points
Banks adjust deposit rates according to their asset and liability positions and demands for funds in specific tenures. This is the first increase by SBI in deposit rates since December 2023. - Our Bureau
Cipla promoters sell 2.53% stake for Rs 2,751 crore
"Post transaction, the entire promoter group, including persons acting in concert, continues to hold 31.67% in the company and remains committed to the future of Cipla," the company said in a statement.
LIC Housing Finance Q4 Results: Net Profit Down By 7.5% To Rs 1091 Crore
The total income increased to Rs 6,937 crore during the quarter under review against Rs 6,415 crore in the same period last year, LIC Housing Finance said in a regulatory filing.
Dixon Technologies Q4 Results: Net profit rises 20% YoY to Rs 97 crore
The electronics manufacturer has over two dozen production facilities across the country. Dixon makes smartphones and feature phones for brands such as Xiaomi, Motorola, Samsung and Jio, and is in talks with other global brands for more manufacturing orders.
Pitti Engineering Q4 PAT jumps 62% to ₹40.36 crore
Pitti Engineering Q4 PAT jumps 62% to ₹40.36 crore
ICICI Prudential Mutual fund buys 0.68% stake in Cipla
Among the promoter group of Cipla Limited, Samina Hamied sold a 1.1 percent stake.
India’s high travel demand drives Nasdaq-listed MakeMyTrip's FY24 air ticketing revenue
The online travel aggregator (OTA) posted $216.7 million profit in FY24, up from $11.2 million in FY23.
Granules Q4 net rises 8%, lower paracetamol API sales, price erosion impact revenue
Granules Q4 net rises 8%, lower paracetamol API sales, price erosion impact revenue
Mahindra XUV 3XO Registers Over 50,000 Bookings Within 60 Minutes Of Launch
The price of the Mahindra XUV 3XO starts from Rs 7.49 lakh.
Mankind Pharma Q4 Results: Net profit jumps 62% YoY to Rs 477 crore
Mankind Pharma on Wednesday reported 62% year-on-year (YoY) jump in net profit to Rs 477 crore in Q4FY24 led by strong domestic formulation sales and one-off US export opportunities.
Honeywell Automation declares Rs 100 dividend along with Q4 results
Honeywell Automation’s net profit for the quarter ended March 31, 2024, was reported at Rs 148.2 crore, up 32% YoY from Rs 112 crore for the same period a year ago. Ashish Gaikwad has resigned as MD and Atul Vinayak Pai has been appointed in his place.
Berger Paints India Q4 Results: Standalone net profit falls over 7% YoY to Rs 181.6 crore
Berger Paints India has crossed Rs 10,000 crore in sales and Rs 1,000 crore in profit in 2023-24 (Apr-Mar), helped by double-digit growth in sales volume and operating profit growing by nearly a fourth
IIFCL FY24 Results: Company reports 44% rise in bottom line to Rs 1,552 crore
Company plans to tap the ECB route for raising funds. Improved profitability has been accompanied by lower non-performing assets with net NPA ratio falling to 0.46% from 1.41% in fiscal 2022-23.
Oberoi Realty Q4 profit up 64 pc to Rs 788 cr; plans to raise up to Rs 4,000 cr
Oberoi Realty has posted 64 per cent increase in consolidated net profit at Rs 788.03 crore for March quarter FY24 and announced plans to raise up to Rs 4,000 crore through issuance of equity shares and non-convertible debentures. Its net profit stood at Rs 480.29 crore in the year-ago period.
S&P 500, Nasdaq hit intraday record highs after inflation data
The Dow Jones Industrial Average rose 56.99 points, or 0.14%, at the open to 39,615.10.
Jindal Stainless Q4 Results: PAT declines 30% YoY to Rs 501 crore, revenue dips 32%
Jindal Stainless Q4 Results: The consolidated revenue from operations stood at Rs 9,454 crore for the quarter under review down from Rs 9,765 crore reported in the year-ago period. This translates into a 32% YoY decline.
Aadhar Housing Finance settles with 4.6% gains on debut
In terms of volumes, Aadhar Housing Finance traded with 7.14 crore equity shares on the NSE, and 32.96 lakh shares on the BSE.