Posts in category Business Standard
Zensar Technologies announces cessation of director (25-04-2024)
With effect from 30 April 2024
Swiggy secures shareholders’ approval to raise over Rs 10,400 cr via IPO (25-04-2024)
Food and grocery delivery major Swiggy has received shareholders' approval for an initial public offering to raise Rs 10,414 crore fund through issue of fresh equity shares and an offer for sale, according to sources.
A special resolution was passed at an extraordinary general meeting of Swiggy on April 23, they said.
According to sources, the Bengaluru-based company plans to raise up to Rs 3,750 crore funds through fresh equity shares, in addition to an offer-for-sale component of up to Rs 6,664 crore.
The company is looking to shore up about Rs 750 crore from anchor investors in a pre-IPO round, they added.
Swiggy, founded in 2014, has a valuation of USD 12.7 billion as on April 10, 2024. Its annual revenue stood at USD 1.09 billion as on March 31, 2023.
The company has more than 4,700 employees, according to Tracxn, a global startup data platform.
After Bitcoin’s massive price surge, book partial profit if overexposed (25-04-2024)
At current elevated prices, prospective buyers should opt for staggered purchases
British Pound Breaks Above 1.2500 Mark To Test Two Week High (25-04-2024)
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IndusInd Bank Q4 PAT rises 15% YoY to Rs 2,347 cr (25-04-2024)
The private lender's standalone net profit increased 15.01% to Rs 2,346.84 crore on 20.77% rise in total income to Rs 14,699.01 crore in Q4 FY24 over Q4 FY23.
Zensar Technologies consolidated net profit rises 45.39% in the March 2024 quarter (25-04-2024)
Sales rise 1.41% to Rs 1229.70 crore
Jai Balaji Industries reports consolidated net profit of Rs 272.98 crore in the March 2024 quarter (25-04-2024)
Sales rise 7.05% to Rs 1845.60 crore
KPI Green Energy standalone net profit rises 198.50% in the March 2024 quarter (25-04-2024)
Sales rise 76.11% to Rs 167.94 crore
JNK India IPO subscribed 28.07 times (25-04-2024)
The offer received bids for 31.10 crore shares as against 1.10 crore shares on offer.
Tech Mahindra Q4 PAT climbs 29% QoQ; declares dividend of Rs 28/ share (25-04-2024)
The IT major's consolidated net profit jumped 29.51% to Rs 661 crore despite of 1.76% decline in revenue from operations to Rs 12,871.3 crore in Q4 FY24 over Q3 FY24.