A virtual annual general meeting of GKB Ophthalmics, a microcap firm in the medical equipment segment, has gone viral on social media after a shareholder who reportedly owns just one share launched a strongly worded attack on the company’s management. The video, widely circulated by several X users in their posts, shows investor Abhishek Kalra … Read more
The Jayanagar police on Tuesday arrested a 40-year-old manager of a private firm and recovered 1.4 kg of gold valuables and 1 kg of silver articles worth ₹89.09 lakh, which he had allegedly stolen from his office in the last few years. Karthik, a resident of Tyagarajanagar, was working as a manager in the firm … Read more
Mumbai: HDB Financial Services has raised ₹3,369 crore from 141 anchor investors ahead of the opening of its ₹12,500 crore initial public offering (IPO) on June 25. The company allotted 45 million shares at upper price band of ₹740 apiece to these institutional investors. Anchors include LIC, ICICI Prudential Mutual Fund, SBI Mutual Fund, etc. … Read more
Why the Interest Coverage Ratio Matters A high ICR suggests that a company is generating enough earnings to comfortably meet its interest obligations, indicating strong financial health and lower risk of default. A low ICR can signal financial strain, as the company may struggle to pay interest, potentially leading to higher financial risk. Source link
Insider deals refer to transactions made by company executives, directors, or major shareholders, involving the buying or selling of shares in their own company. These transactions often provide valuable insights into a company’s future prospects, as they are based on the knowledge of those who have a deep understanding of the company’s operations and financial … Read more
MUMBAI: Ant Financial, the fintech arm of Chinese e-commerce giant Alibaba Group, is planning to offload shares worth nearly Rs 2,200 crore in One97 Communications, the parent company of Paytm, via block deals on Tuesday. Shares are likely to be offered at a floor price of Rs 809.7 apiece — a 6.4% discount to Paytm’s … Read more
The Central Bureau of Investigation (CBI) has registered a corruption case against a Chief Engineer of the Konkan Railway Corporation Limited and a private company, along with its directors, on bribery charge. The accused persons have been identified as Sumeet Khajuria, a 2005-batch Indian Railway Service of Engineers (IRSE) officer posted as a Chief Engineer … Read more
VISWCO officials inspecting the Yeleru Left Main Canal at Golugondapeta in Anakapalli district, as part of the preparations for Closure of the canal for repair works from February 15 to Match 27. | Photo Credit: Special Arrangement The Visakhapatnam Industrial Water Supply Company (VIWSCO) will undertake the repair work of Yeleru Left Main Canal (YLMC) … Read more
Shares of PSU company Hindustan Aeronautics (HAL) today surged 4% to an intraday high of Rs 4,246 on the BSE today after the company on Thursday reported a consolidated net profit of Rs 1,510 crore for the quarter that ended September 30, 2024, rising 22% over Rs 1,237 crore reported in the year-ago period. The … Read more
To motivate its workforce to work more efficiently to reduce the cost of coal production, the management of the State-owned Singareni Collieries Company Limited (SCCL) organised a two-day awareness campaign in all its 40 coal mines and different departments across the State’s coal belt on Thursday and Friday. The campaign christened “Ujwala Singareni – The … Read more