An NBFC Ltd. named Shriram Finance Limited has indicated that at the next board meeting, the business intends to distribute an interim dividend and split its stock. The unaudited standalone and consolidated financial results for the second quarter and half year that ended on September 30, 2024, will also be approved by Shriram Finance Limited. … Read more
The European Central Bank’s rate decrease and a rush of corporate profits helped the index produce a second consecutive week of gains. Tech stocks made a strong rebound at the end of a turbulent week, and Europe’s STOXX 600 ended higher on Friday. With a 2% increase, the IT sector led gains as the STOXX … Read more
The Reserve Bank of India has loosened limits on JM Financial Limited’s subsidiary JM Financial Products Ltd’s ability to finance against shares and debentures, the company announced on October 18. The RBI’s earlier restrictions were immediately lifted by means of a letter dated October 18, 2024. With immediate effect, the RBI had prohibited JM Financial … Read more
Deepak Builders & Engineers India Limited will launch its initial public offering (IPO) next week. The IPO, which begins on Monday, October 21, 2024, will shut for subscriptions on Wednesday, October 23, 2024. With a price band of Rs 192 to Rs 203 per share, this IPO has sparked significant interest, particularly given grey market … Read more
LTIMindtree, a provider of IT solutions, announced on Thursday that its consolidated net profits for the second quarter ended September 2024 increased by 7.75% year over year to Rs 1,251 crore. In the same time last year, it reported a profit of Rs 1,161 crore, according a regulatory filing. LTIMindtree Q2 results 2024 LTIMindtree announced … Read more
Ajmera Realty & Infra India shares gained over 8 percent on October 18 after the business raised Rs 225 crore on preferential offering of shares to marquee investors. The board of directors of the firm in their meeting held today approved the allotment of 31.64 lakh shares with a face value of Rs 10 per … Read more
Zomato stated in an NSE filing that company intended to raise further funds by selling new equity shares through a Qualified Institutions Placement (QIP). Through the exclusive sale of shares to institutional investors such as banks, insurance firms, and mutual funds, publicly traded corporations can raise cash through QIPs. A board meeting to address the … Read more
The majority of readers are probably already aware that within the last three months, ICICI Lombard General Insurance’s (NSE:ICICIGI) stock has dramatically increased by 10%. We question if this is the case in this case, given the market tends to reward good financials over the long run. We have chosen to highlight ICICI Lombard General … Read more
Hyundai Motor India’s IPO was successful in attracting interest on the last day of bidding, as offers totaling 22,70,16,055 shares were received against the 9,97,69,810 shares that were offered. This is a 2.28-fold oversubscription. Qualified Institutional Buyers (QIBs), who bid for 6.76 times the shares offered until around 3:03 PM on Thursday, were the driving … Read more
The proposed bonus share issue will be discussed by Wipro’s board during meetings on October 16–17, 2024, which also happens to be the date of the company’s Q2 FY25 results announcement. The business previously disclosed a 3.8% drop in revenue and a 4.6% gain in net profit for the first quarter. The titan of the … Read more
