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
Star Agriwarehousing and Collateral Management Ltd, a tech-driven agricultural services firm, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 450 crore and an Offer-For-Sale (OFS) component of 2.69 crore equity shares … Read more
Torrent Power on Monday announced opening of its qualified institutional placement (QIP) issue and the company has set the floor price at Rs 1555.75 per equity share. The issue price will be determined by the company in consultation with the book running lead managers (BRLMs) at a later date. The company with its discretion offers … Read more
Nisus Finance Services Co Ltd on Friday said it aims to raise over Rs 114 crore through its initial public offering (IPO) which will open for subscription on December 4. The issue, with a price band of Rs 170 to Rs 180 per share, will conclude on December 6. The anchor book bidding will open … Read more
There is no dearth of demand for C2C Advanced Systems IPO despite being in troubled waters following a Sebi directive that delayed its listing of shares. The issue, which closed for subscription today, was subscribed by a whopping 116 times. The IPO received bids for 36.56 crore shares as against 31 lakh shares on offer. … Read more
Revenue from goods and services tax (GST) levied on healthcare and life insurance services fetched over Rs 16,000 crore last fiscal, Minister of State for Finance Pankaj Chaudhary informed the Lok Sabha on Monday. In all, Rs 16,398 crore was collected as GST from healthcare and life insurance services in FY24, including Rs 8,135 crore … Read more
NTPC Green Energy (NGEL), a wholly owned subsidiary of state-run NTPC focussing on renewable energy generation, plans to raise Rs 10,000 crore through fresh equity to partly prepay debt. NTPC’s stake will fall to 89% after the IPO from 100%. It operates at the sector best EBITDA margin level of around 90%. The IPO valuation … Read more
Global Health, which operates hospitals under the Medanta brand, on Thursday said its profit after tax increased 5 per cent to Rs 131 crore in the September 2024 quarter. The healthcare provider reported a Profit After Tax (PAT) of Rs 125 crore in the July-September quarter a year ago. Revenue from operations rose to Rs … Read more
Shares of state-owned GAIL (India) Ltd on Wednesday jumped around 6% to Rs 209.4 on BSE after reporting a 11% year-on-year (YoY) rise in September quarter net profit to Rs 2,672 crore. Its revenue from operations increased 3.5% YoY to Rs 32,931 crore in the July-September period. The profit growth was led by an increase … Read more