Against this backdrop, key themes such as infra, BFSI, FMCG, and metals will be in focus in the run-up to the Budget and thereafter. The brokerage expects the overall capital expenditure for the infra segment in the Budget to increase by 20% year-on-year (YoY). The focus will be on the development activities such as roads … Read more
New Delhi: The Rs 475-crore initial public offering (IPO) of Elin Electronics kicked off for subscription on Tuesday. The company’s three-day issue will conclude on Thursday wherein it is selling its shares in the range of Rs 234-247 apiece. The primary offer, with a lot size of 60 shares, consists of the issuance of fresh … Read more
New Delhi: The government has cleared the second tranche of incentives of Rs 64.7 crore to Dixon Technologies for the mobile production-linked incentive (PLI) scheme, with the rest likely to be cleared later this month. The industry though has called on the government to expedite the release of incentives, saying the government had received enough … Read more
ET Intelligence group: Syrma SGS, a Chennai-based manufacturer of electronic components, plans to raise Rs 766 crore through a fresh issue of shares to fund capital expenditure towards research and development and to meet long-term working capital requirements. Also, the promoters will offload shares worth up to Rs 73 crore. With an export focus, the … Read more
NEW DELHI: A direct beneficiary of India’s ‘Make in India’ and ‘Make for the World’ manufacturing push, multibagger midcap stock Dixon Technologies has given fabulous returns of over 650 per cent to investors in the last three years. On October 19, the day Nifty hit its peak, the stock also touched an all-time high of … Read more
NEW DELHI: iPhone maker Apple’s contract manufacturers, as well as firms like Samsung, Lava and Dixon have proposed to produce mobile devices and components of over Rs 11 lakh crore in the next five years under the government’s new scheme to boost electronics manufacturing, according to sources. The proposals submitted by the companies to the … Read more