Shares of Anil Ambani-led Reliance Power surged 8.64% to Rs 43.37 on the BSE in early trade on Thursday, after the company reported a net profit of Rs 41.95 crore for the December quarter. This marks a strong rebound from a loss of Rs 1,136.75 crore during the same period last year. Meanwhile, the firm … Read more
Seshaasai Technologies, a technology-driven multi-location solutions provider, has filed its draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI), to raise funds via an Initial Public Offering (IPO). The issue is proposed to be a mix of fresh issue of equity shares of up to Rs 600 crore … Read more
The initial public offering (IPO) of Afcons Infrastructure will open for subscription on October 25. The issue closes on October 29. Through the public offer, the company plans to raise nearly Rs 5430 crore. Here are 10 things to know about the Afcons Infrastructure IPO before subscribing to the issue. 1) What is the business … Read more
“The key drivers have been increased in number of clients, increased per client AUM, increase in overall AUM, and increase in the relationship managers, the team size. So, all these factors have contributed to the growth which we have been able to achieve in the last quarter,” says Anand Rathi, Anand Rathi Group.What have been … Read more
The SME IPO of Kalana Ispat will open for subscription today and close on September 23. The company aims to raise nearly Rs 32.6 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue. … Read more
The initial public offering (IPO) of Interarch Building Products will open for subscription on August 19. The issue closes on August 21. Through the public offer, the company plans to raise around Rs 600 crore. Here are 10 things to know about the Interarch Building Products IPO before subscribing to the issue. 1) What is … Read more
Synopsis Even the best of the rational brain can make wrong decisions when there is too much noise which gets created due to a narrative. Now for the last few days a narrative has been created that due to polls, FPI are selling. These kinds of narratives tend to hit the sector and stocks which … Read more
Islamic State remains flush with cash despite setbacks in the past year, holding financial reserves and a range of revenue streams that U.S. and Western security officials warn could pay for a dangerous resurgence. The extremist organization and its affiliates have assets ranging into the hundreds of millions of dollars across the Middle East and … Read more
WELLINGTON, New Zealand—New Zealand activated its National Security System in response to a prolonged cyberattack that disrupted trading on the country’s stock exchange this week. Trading on New Zealand’s securities market was halted for a fourth day on Friday by a denial of service attack that NZX Ltd., the exchange’s operator, said came from overseas. … Read more
There will be no World Economic Forum meetings in Davos next January, after the organizer said the coronavirus crisis had forced it to postpone the event in the Swiss alpine town, a highlight on the international business calendar, to next summer. The WEF’s founder and executive chairman, Klaus Schwab, had pitched the planned meeting as … Read more