Banking and financial services major Goldman Sachs on Wednesday bought shares of leading stock exchange BSE for Rs 401 crore through an open market transaction. According to the bulk deal data available on National Stock Exchange (NSE), US-based Goldman Sachs through its arm Goldman Sachs (Singapore) purchased 7.28 lakh shares of BSE Ltd. The shares … Read more
Auto component maker Samvardhana Motherson International on Friday reported a consolidated net profit of Rs 879 crore for the third quarter ended December 31, 2024. The company had reported a net profit of Rs 542 crore for the October-December quarter of the last fiscal. Total revenue from operations rose to Rs 27,666 crore for the … Read more
IPO dates: February 12-14, 2025IPO Price: Rs674-708IPO Size: Upto Rs8,750 croreImplied Market Cap: Upto Rs43,025 croreFace Value: Re1Lot Size: 21 sharesRetail Portion: 35% Hexaware Technologies, a mid-tier IT services exporter, plans to raise Rs 8,750 crore through an offer for sale by the promoter Carlyle group. The promoter’s stake will fall to 75% after the … Read more
United Spirits Ltd on Thursday reported a 4.3 per cent decline in consolidated net profit at Rs 335 crore in the December quarter, impacted by higher expenses and severance costs related to a closed unit. The company had posted a consolidated net profit of Rs 350 crore in the corresponding quarter last fiscal, United Spirits … Read more
Leading adhesives and construction chemicals maker Pidilite Industries on Wednesday reported consolidated net profit of Rs 557 crore for the October-December quarter, a 9% increase over the same quarter last year, the company said in a filing to the exchange. Revenue from operations for the third quarter stood at Rs 3,368.91 crore, up about 8% … Read more
Conductors and power cables manufacturer Lumino Industries has filed preliminary papers with capital markets regulator Sebi to raise 1,000 crore through an initial public offering (IPO). The Kolkata-based company’s IPO is a combination of a fresh issue of shares worth Rs 600 crore and an offer-for-sale component of up to Rs 400 crore by promoters. … Read more
Jan 20 Sebi has returned the draft IPO documents of Anand Rathi Group’s brokerage arm Anand Rathi Share and Stock Brokers, which proposed to raise Rs 745 crore through an initial share-sale, an update with the regulator showed on Monday. Anand Rathi had filed the papers for issuing fresh equity. The offer also included reservations … Read more
Tech firm Newgen Software Technologies on Monday posted a 30.8 per cent year-on-year increase in consolidated net profit to Rs 89 crore for the December quarter. The Noida-headquartered firm reported a profit of Rs 68 crore in the year-ago period, according to a regulatory filing. Revenue from operations for the quarter under review came in … Read more
HCL Technologies, India’s third largest IT services company by way of market capitalisation is expected to report an year-on-year revenue growth between 4.3% and 6.8% in the quarter ended December 31, 2024. The top line is expected to be in the range of Rs 30,091 crore to Rs 30,393 crore in Q3FY25 supported by growth … Read more
The Minister says the Kerala government will expedite the land acquisition for the rehabilitation of Wayanad landslide victims. | Photo Credit: THULASI KAKKAT The inordinate delay by the Centre in declaring the landslides in Wayanad as a disaster of extreme severity, 154 days after the natural disaster wiped out two villages in the district, might … Read more