Posts in category Business Standard
Amit International reports standalone net profit of Rs 0.05 crore in the December 2023 quarter (14-02-2024)
Reported sales nil
Paos Industries reports standalone net loss of Rs 0.06 crore in the December 2023 quarter (14-02-2024)
Reported sales nil
Dhanashree Electronics standalone net profit rises 31.58% in the December 2023 quarter (14-02-2024)
Sales rise 99.73% to Rs 22.51 crore
Rander Corporation standalone net profit rises 89.29% in the December 2023 quarter (14-02-2024)
Sales rise 107.69% to Rs 1.08 crore
Srestha Finvest reports standalone net loss of Rs 0.46 crore in the December 2023 quarter (14-02-2024)
Sales rise 180.00% to Rs 3.36 crore
Royal India Corporation reports standalone net loss of Rs 3.74 crore in the December 2023 quarter (14-02-2024)
Sales decline 66.56% to Rs 9.86 crore
Abhishek Corporation reports standalone net loss of Rs 1.39 crore in the December 2023 quarter (14-02-2024)
Sales decline 80.61% to Rs 0.89 crore
Hasti Finance standalone net profit rises 400.00% in the December 2023 quarter (14-02-2024)
Sales rise 83.33% to Rs 0.11 crore
Travel portal Ixigo’s parent firm files draft papers with Sebi to float IPO (14-02-2024)
Le Travenues Technology Ltd, which operates travel booking platform ixigo, on Wednesday filed preliminary papers with Sebi to raise funds through an initial public offering.
The Gurugram-based company's Initial Public Offering (IPO) will be a combination of fresh issue of equity shares worth Rs 120 crore and an Offer For Sale (OFS) of 6.66 crore equity shares by existing shareholders, according to the Draft Red Herring Prospectus (DRHP).
SAIF Partners India IV Ltd, Peak XV Partners Investments V (formerly known as SCI Investments V), Micromax Informatics Ltd, Placid Holdings, Catalyst Trusteeship Ltd, Madison India Capital HC, Aloke Bajpai and Rajnish Kumar will be selling shares through the OFS.
Proceeds worth Rs 45 crore from the fresh issue will be used to fund the company's working capital requirements and Rs 26 crore will be utilised for investments in technology as well as data science, including on cloud and server hosting, technology on artificial intelligence and customer
Rupee rises 5 paise to close at 83 against dollar on positive mkt sentiment (14-02-2024)
The rupee appreciated 5 paise to close at 83.03 (provisional) against the US dollar on Wednesday, tracking positive domestic equities.
Forex traders said strength of the American currency in the overseas market and elevated crude oil prices weighed on the local unit and restricted a sharp uptick.
At the interbank foreign exchange, the local unit opened at 83.11 against the greenback. It hit an intra-day high of 83.02 and a low of 83.12.
It finally settled at 83.03 (provisional) against the dollar, higher by 5 paise from its previous close of 83.08.
"We expect the rupee to trade with a slight negative bias on strong US dollar and risk aversion in global markets. Rising crude oil prices may also put pressure on the rupee," said Anuj Choudhary, Research Analyst, Sharekhan by BNP Paribas.
Choudhary added that any bounce back in domestic markets may support the rupee at lower levels.
"Traders may remain cautious ahead of India's trade balance and US retail sales data. USD-INR spot pri