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 …
It seems there is no shortage of excitement for the Indian investors as big news are coming almost daily. After Reliance held investor’s interest for three weeks, it’s now time for mining giant, Vedanta to grab the limelight. The company has decided to delist itself from Indian bourse (stock market) on May 11th. The news …
Introduction India’s largest software consultancy services exporter Tata Consultancy Services (TCS) has released its Q2 report card for the period ending in 30th September, 2022. The report shows the company’s performance to exceed all expectations with an increase in revenue from operations of 18% YoY, standing at ₹55,309 cr – much higher than the ₹46,867 …
Nykaa, an e-commerce start-up, has filed preliminary papers with the Securities and Exchange Board of India to raise Rs. 4000 crores via an initial public offering. Per its DRHP, the IPO will comprise new shares worth Rs. 525 crores along with a secondary issue of 43.11 million equity shares by existing shareholders and promoters. TPG …
An Overview of SEBI’s Block Mechanism Aside from the present early pay-in method, investors will soon be able to block stocks on their separate demat accounts for selling transactions. The “block mechanism” in the demat accounts of clients conducting sale transactions will be available from August 1, according to a circular released by markets regulator …
It was a classic case of an anti-climax as far as the expectations of the media and the investors were concerned. The Kotak Press Conference on 29th March had raised high expectations about possible announcements on proposed inorganic acquisitions. The markets had been rife with expectations that Kotak may announce its plans to acquire another …
Bharti Airtel, on 29 August 2021, announced to raise funds via rights issuance. Owing to ‘present economic conditions’ and a future business strategy, the telco is seeking to raise capital amounting to Rs. 21,000 crores. The company is looking to raise funds to enter and sustain itself in the upcoming and competitive 5G market. Below is …
Bharti Airtel is expected to outperform its rivals in terms of revenue market share in the coming quarters due to a combination of tariff hikes and SIM consolidation. The company’s mobile revenues grew at a robust rate of 6% in the December quarter. This was significantly higher than the 3.3% growth recorded by its rivals, …
Coal India Ltd., a Maharatna public sector undertaking, has generated Rs. 4,556 crores consolidated net profit during FY 22 Q3 ended in December 2021 ─ marking a surge from Rs. 3,084 crores in FY 21 Q3. Isn’t this 48% growth astounding? To know more, keep scrolling! Get an Insight into Coal India’s Revenue! The sales …
