Category: News
-
NTPC Green Energy’s ₹10,000 Crore IPO Receives SEBI Clearance
NTPC Green Energy Ltd., a wholly-owned subsidiary of NTPC Ltd., has secured the final observation from the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO) worth ₹10,000 crore. This IPO, with a face value of ₹10 per equity share, consists entirely of fresh equity shares, along with a reserved…
-
LIC Housing Finance Q2 Net Profit Up 11% at ₹1,328 Crore
LIC Housing Finance reported an 11.25% year-on-year (YoY) increase in consolidated net profit to ₹1,327.71 crore for the September quarter of the current financial year (Q2FY25), up from ₹1,193.48 crore in the same quarter last year. Total revenue from operations for the quarter stood at ₹6,937.72 crore, representing a 2.5% YoY increase from ₹6,765.44 crore.…
-
Bharti Airtel Q2 Results: 168% Leap in Net Profit to ₹3,593 Crore
India’s leading telecommunications provider, Bharti Airtel, announced a remarkable 168% year-over-year increase in its consolidated net profit for the quarter ending September 2024. The company’s net profit soared to ₹3,593 crore, significantly surpassing the ₹1,341 crore recorded in the corresponding period last year. The telecommunications giant’s average revenue per user (ARPU) for the quarter stood…
-
Apple’s China Suppliers May Find Opportunity in US Trade Dispute
The potential benefits of supply chain diversification for Apple’s Chinese suppliers. The analysis, released on October 18, explores the trend of supply chain relocation and the rise of trading blocs amid escalating U.S.-China tensions and the ongoing COVID-19 pandemic. The trend of supply chain diversification has gained momentum, driven by factors such as China’s dominance…
-
Nita Ambani Launches New Health Seva Plan: Free Healthcare for 100,000+ Women and Children
In a groundbreaking move, Nita Mukesh Ambani, Founder and Chairperson of the Reliance Foundation, unveiled the New Health Seva Plan on Saturday, marking the 10th anniversary of Sir HN Reliance Foundation Hospital. This comprehensive initiative prioritizes vital screenings and treatments for children, adolescent girls, and women, providing substantial free healthcare services to marginalized communities. The…
-
Swiggy’s IPO Valuation Revised Down to $11.3 Billion, BlackRock and CPPIB to Invest
India’s food delivery giant Swiggy has revised its initial public offering (IPO) valuation downward to $11.3 billion, a 25% reduction from its initial target of $15 billion. This move comes as market uncertainty and the underwhelming debut of Hyundai India weigh heavily on investor sentiment. According to sources familiar with the matter, BlackRock and the…
-
Oil Market Relief: Prices to Fall as Israel Shows Restraint in Iran Airstrikes
The oil market is bracing for a potential downturn when trading resumes on Monday, as Israel’s retaliatory strike on Iran over the weekend deliberately avoided targeting Tehran’s oil and nuclear infrastructure, thereby preventing any disruptions to energy supplies, according to analysts ¹ ². This development has significantly alleviated concerns about potential supply chain disruptions. Last…
-
Gold, Silver Prices on October 27, 2024: Check City-Wise Rates Now
Gold and Silver Prices Today, October 27, 2024: Precious metals witnessed a mixed trend in India on Saturday, with gold prices edging higher while silver rates declined. The yellow metal’s prices varied across major cities, influenced by local market dynamics and taxes. In New Delhi, gold prices rose by ₹100 to ₹57,400 per 10 grams…
-
IPO Listings to Pick Up Ahead of Diwali, 8 Companies to Debut
After a brief lull, India’s primary market is gearing up for a flurry of activity, with eight initial public offerings (IPOs) slated to list during the festive Diwali week. This influx of new listings promises to inject fresh vitality into the market. The near-term IPO pipeline appears robust, with 26 companies poised to raise a…
-
$50 Billion Ukraine Loan Secured by G7, Backed by Russian Asset Profits
In a significant move to support Ukraine’s war-torn economy, the Group of Seven (G7) nations have finalized a $50 billion loan package backed by profits from frozen Russian assets. The agreement, reached during the G7 finance ministers’ meeting, aims to provide critical financial assistance to Ukraine as it struggles to cope with the devastating consequences…