Posts in category Business Standard
Investors subscribe SRM Contractors IPO 3.56 times on day 1 of bidding (26-03-2024)
The initial public offer of SRM Contractors received 3.56 times subscription on the first day of bidding on Tuesday.
The IPO received bids for 1,54,35,840 shares against 43,40,100 shares on offer, as per NSE data.
The category for non-institutional investors got subscribed 6.26 times while the portion for Retail Individual Investors (RIIs) attracted 3.54 times subscription. The quota for Qualified Institutional Buyers (QIBs) got subscribed 1.57 times.
The Initial Public Offering (IPO) of fresh issue of up to 62,00,000 equity shares has a price range of Rs 200-210 a share.
SRM Contractors mopped up Rs 39 crore from anchor investors on Friday.
The firm is an engineering construction and development company engaged primarily in the construction of roads (including bridges), tunnels, slope stabilization works and other miscellaneous civil construction activities in the Union Territories of Jammu & Kashmir and Ladakh, as per its website.
The company was incorporated in September ...
PE firm Olympus to sell 9.8% stake in India’s Aster DM for up to $234.5 mn (26-03-2024)
Olympus Capital, which owns about 19% stake in the hospital chain, is planning the sale at 400-437.20 rupees per share
ZEE Entertainment Board introduces structured Monthly Management Mentorship program (26-03-2024)
Focused on achieving key performance metrics
SpiceJet signs settlement agreement with Export Development Canada (26-03-2024)
To acquire full ownership of 13 EDC-financed Q400 aircraft
IPO mop-up increases 20% to Rs 61,915 crore during FY24, shows data (26-03-2024)
Mobilisation of IPO in FY24 surged 58 per cent compared to FY23, excluding the mega LIC IPO
Eurogrip Tyres launches brand campaign featuring MS Dhoni and his CSK team members (26-03-2024)
The film talks about Eurogrip'sstronger grip as compared to other tyres and M S Dhoni emphasizes its superior grip for solid turns. He and
other CSK stars give road safety tips for viewers that include following traffic rules, wearing a helmet, ensuring tyres are in good condition and having the bike serviced regularly. M S Dhoni urges viewers to get Eurogrip tyres for superior grip.
R K Swamy consolidated net profit rises 18.07% in the December 2023 quarter (26-03-2024)
Sales decline 5.50% to Rs 72.14 crore
Natural Resources Energy receives LoI for composite license for Surjagad 1 iron ore block (26-03-2024)
Shyam Metalics & Energy informed the receiving of the Letter of Intent from the Industry, Energy, Labour, and Mining Department, Government of Maharashtra, in respect of receiving of the Letter of Intent for Composite License for Iron Ore Block in the State of Maharashtra by its Joint Venture Company, namely Natural Resources Energy (NREPL), wherein Dorite Tracon, a promoter company of Shyam Metalics and Energy, holds 49% of the of the economic interest.
India’s current account balance records deficit of US$ 10.5 billion in Q3:2023-24 (26-03-2024)
India's current account balance recorded a deficit of US$ 10.5 billion (1.2 per cent of GDP) in Q3:2023-24, lower than US$ 11.4 billion (1.3 per cent of GDP) in Q2:2023-241 and US$ 16.8 billion (2.0 per cent of GDP) a year ago [i.e., Q3:2022-23]. The merchandise trade deficit at US$ 71.6 billion was marginally higher than US$ 71.3 billion during Q3:2022-23. Services exports grew by 5.2 per cent on a y-o-y basis on the back of rising exports of software, business and travel services. Net services receipts increased both sequentially and from a year ago that helped cushion the current account deficit.
Praveg launches Safari Velavadar Resort in Gujarat. (26-03-2024)
Situated in Gujarat's vibrant heart, Velavadar captivates with its stunning ecosystem and scenic beauty. This peaceful locale is famed for the Velavadar Blackbuck National Park, a sanctuary for the elegant Indian blackbuck antelope and a host to diverse birdlife, including
the rare lesser florican. Beyond its natural wonders, Velavadar invites exploration of its deep cultural roots, showcased in ancient monuments and lively traditions. From watching blackbucks roam freely to soaking in the tranquil rural atmosphere, Velavadar promises unforgettable moments for every visitor.