Mumbai: IRB Infrastructure, backed by Singapore’s GIC, is exploring the overseas bond market to raise $300 million, mainly to refinance the earlier bonds. The company is in talks with Barclays, Deutsche Bank and JP Morgan to give the fundraising mandate. Proceeds will be used to refinance the earlier bond raised in 2021. Back then, IRB … Read more
Mumbai: Tata Consultancy Services crossed ₹15 lakh crore in market capitalisation on Tuesday, becoming only the second Indian company to do so after Reliance Industries. Overall strength in the technology space helped shares of the flagship company of the Tata group surge 4.4% intraday to a lifetime high of ₹4,149.9, before closing 4% higher at … Read more
With company ramping up production of Range Rover and Defender, the volume for full fiscal is expected to rise 24% to 400,000 units and another 6-7% next fiscal. Synopsis The operating profit of the JLR surged 5.12 percentage points on a YoY basis to 8.8% in December quarter, taking the nine-month margin to 8.2%, driven … Read more
HDFC Bank and ICICI Bank- two of the country’s largest private banks – have jointly floated a company to promote the residential mortgage-backed securities market. The two private banks have acquired a 7% stake each in a newly formed company – RMBS Development Company Limited (RDCL), said a stock exchange notice issued by them separately … Read more
Shares of Docmode Health Technologies listed on Friday with a premium of 141% over the issue price. The stock debuted at Rs 190.25 on NSE SME platform as against an offer price of Rs 79. Ahead of the listing, the company’s shares traded with a premium of Rs 42 in the unlisted market. The public … Read more
The shares of Nova Agritech listed on the exchanges on Wednesday with a premium of 36.6%. The stock debuted at Rs 56 on BSE as against an issue price of Rs 41. Meanwhile, the stock opened at Rs 55, up 34% on NSE. Ahead of the debut, the company’s shares fetched a premium of Rs … Read more
Mumbai: Reliance Industries, the country’s biggest stock, surged 7% Monday to a historic high of ₹2,905 apiece amid expectations that both telecom and retailing businesses will shortly list, unveiling a new chapter of value creation at the five-decade old company credited with spawning India’s equity culture through mass mobilisation of retail shareholders. With a sharp … Read more
Mumbai: Indiabulls Housing Finance on Sunday announced plans to raise ₹3,693 crore through a rights issue of equity shares with a face value of ₹2 each. The decision follows the approval by the company’s board of directors during their meeting on January 17, 2024. The company’s Securities Issuance and Investment Committee of the Board (SIIC) … Read more
Nova Agritech, a leading agri-input manufacturer specializing in soil health management, crop nutrition, and crop protection products, came out with an IPO. The Rs 144 crore issue, comprising fresh equity issue of Rs 112 crore and an offer-for-sale (OFS) of 77.58 lakh shares, opens today and closes on January 25.Ahead of the IPO opening, the … Read more
Mumbai: Shares of software company Oracle Financial Services Software (OFSS) soared over 27% on Thursday to all-time highs as traders mounted bullish derivative bets after the company’s third-quarter results beat expectations. Though the stock may be overbought, analysts remain optimistic about the company’s prospects of record deal wins in a global economic environment that has … Read more
