The Zinc manufacturing giant, Hindustan Zinc Limited (HZL) is looking at options to sell their wind energy asset through a block deal. According to sources conscious of the developments, if the plan is placed on the table, it will amount to Rs 1,500 crores. The company described its wind energy segment as non-core and looking …
Infosys announced its Q4 results on the 13th of April 2017. The expectations were quite muted in the street both on the top-line growth and profit margins. Over the last few quarters, Vishal Sikka and his team have constantly warned the street about the pressure on margins and the likelihood of tepid growth in sales. …
Largest ever in India, the Reliance rights issue has succeeded in creating quite a stir amid investors. Experts believe this will help in reviving the stock exchange, which has been sluggish since lockdown is announced in India on March 24th and promote a rally in its stocks. Existing shareholders can subscribe to the rights issues and …
Probably, for the first time in recent memory, the expectations surrounding the TCS fourth quarter results were at an all-time low. Markets were extremely sceptical about TCS Q4 performance in terms of profit growth as well as in terms of margins. It is in this backdrop that the results were announced for the fourth quarter …
At its board meeting on February 20th, the Board of TCS approved the buyback of 5.61 crore shares subject to a maximum outlay of Rs.16,000 crore. That means TCS can buy back the shares at a maximum price of Rs.2850. Normally, buybacks are done through any of these 3 methods viz. Proportionate Tender Offer to …
Following the news of the founder equity sale, the stock of PB Fintech dropped more than 6%. PB Fintech Ltd stock dropped following a massive block sale that saw about 64.7 lakh shares traded in a single transaction, according to reports. The identities of the purchasers and vendors remained unknown. According to media sources, the …
Analysts feel globally weakening dollar, and the spree of FII investment in the domestic market caused rupees to gain against the dollar. Wednesday, rupee advanced 11 paise against dollar, which traded at 73.49. Over the last few days, the domestic unit has gradually gained against the dollar. In the forex market currencies are traded in …
Power is one of the most crucial and critical sectors for any economy. Whatever the industry may be services, manufacturing or agriculture, power is required. The existence and development of adequate infrastructure is essential for sustained growth of the Indian economy. Rather as the GDP witnesses growth the demand for power increases. In the case of India …
Bank of Maharashtra received the approval of its shareholders to raise up to Rs. 5,000 crores in equity capital on Thursday. It will allow the bank to obtain capital through several means, including preference issue and right issue. Per reports, the shareholders okayed the bank’s proposal in its annual general meeting, which was conducted virtually …
The motor manufacturer, Eicher Motors’ share prices rallied during intraday after the company reported year-on-year growth of 37 percent growth in December 2020. Company’s motorcycle sales stood at 68,995 units against 50,416 units it sold during the same month last year. COVID-19 has impacted the two-wheeler market like any other sector. However, growing aversion of …
