Posts in category Business Standard
Zydus receives WHO approval for the name ‘Usnoflast’ for ZYIL1 (01-04-2024)
Zydus Lifesciences announced today that it has received approval from WHO International Non-proprietary Names (INN) for Usnoflast as the recommended name for ZYIL1. The INN system aims to provide healthcare professionals with a unique and universal designated name for each pharmaceutical substance.
TCS ranks #1 in Customer Satisfaction in Nordics for 15th year (01-04-2024)
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Board of Aditya Birla Fashion and Retail proposes demerger of Madura Fashion & Lifestyle biz (01-04-2024)
At meeting held on 01 April 2024
Hero MotoCorp ends FY24 with 5.49% growth in sales (01-04-2024)
March sales declined 5.57%
Mukka Proteins wins orders of Rs 50.39 cr (01-04-2024)
The total order book of the Company stands at Rs. 153 crore (approx.) as on date
GE Power India wins multiple orders of Rs 32.75 cr (01-04-2024)
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PNB Housing Finance stock rises 19.11% on the first trading day of FY25 (01-04-2024)
ICRA said the rating action factors in the sustained improvement in the company's credit profile, driven by improved asset quality metrics and the strengthened capitalisation profile
Kross, Saraswati Saree Depot gets Sebi’s approval to raise funds via IPO (01-04-2024)
Auto parts manufacturer Kross Ltd and Saraswati Saree Depot Ltd have received Sebi's go ahead to raise funds through initial public offerings.
The two companies filed their preliminary initial public offering (IPO) papers with the capital markets regulator between October and December 2023 and obtained their regulatory observation during March 22-27, an update with the Securities and Exchange Board of India (Sebi) showed on Monday.
As per the draft papers, Kross' maiden public issue is a mix of a fresh issue of shares worth up to Rs 250 crore and an Offer for Sale (OFS) of shares aggregating up to Rs 250 crore by promoters. The OFS portion consists of equity shares to the tune of up to Rs 168 crore by Sudhir Rai and Rs 82 crore by Anita Rai.
The Jamshedpur-based company proposes to utilise the net proceeds of the fresh issue for the purchase of machinery and equipment, payment of debt, and funding the working capital requirements of the company.
Saraswati Saree Depot's IPO comprise
Active funds shine as equity markets see broad-based gains in FY24 (01-04-2024)
Over two-thirds of active largecap schemes outperform
TVS Motor Company sells 3.17 lakh units in Mar’23 (01-04-2024)
TVS Motor Company registered a growth of 12% with sales increasing from 317,152 units in March 2023 to 354,592 units in March 2024.