Posts in category Business Standard
Jubilant Pharmova arm divests its entire 25.8% stake in Sofie (05-06-2024)
For a consideration of USD 142.9 million
NDA leaders meet to discuss government formation after 2024 Lok Sabha polls (05-06-2024)
NDA allies including Nitish Kumar from JD(U) and Chirag Paswan from LJP (Ramvilas) are participating, with the JD(U) affirming its full support for the NDA. Nitish Kumar arrived in Delhi to hand over a letter of support to Modi. Telugu Desam Party (TDP) leader N Chandrababu Naidu also left for Delhi to attend the NDA meeting after lauding his party's success in Andhra Pradesh.
Tata Motors shares soar 3% on strong May JLR UK sales; up 28% in 6 months (05-06-2024)
Tata Motors' May JLR UK sales zoomed 29 per cent on a year-on-year (Y-o-Y) basis to 6,093 units, as opposed to 4,732 units in May last year
Travel portal ixigo’s parent looking to raise up to Rs 740 cr via IPO (05-06-2024)
Le Travenues Technology Ltd, which operates travel booking platform ixigo, is looking to raise up to Rs 740 crore through its initial share-sale opening for public subscription on June 10.
The issue, with a price band of Rs 88 to Rs 93 per share, will conclude on June 12 and bids for anchor investors will open for a day on June 7, the company announced.
The Gurugram-based company's Initial Public Offering (IPO) is a combination of fresh issue of equity shares worth Rs 120 crore and an Offer For Sale (OFS) of 6.66 crore equity shares to the tune of Rs 620 crore, at the upper end of the price band, by existing shareholders. This translates into public issue size of Rs 740 crore.
Under the OFS, 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.
Proceeds worth Rs 45 crore from the fresh issue
Capital Goods shares fall (05-06-2024)
Capital Goods stocks were trading in the negative zone, with the BSE Capital Goods index falling 223.53 points or 0.34% at 64605.78 at 13:42 IST.
Railway stocks rebound up to 22% on hopes of BJP leading NDA coalition (05-06-2024)
Railway stocks had corrected sharply on Tuesday after the results of 2024 Lok Sabha elections showed that the BJP had failed to cross the halfway mark of 272-seats
BJP-led NDA secures majority in 2024 Lok Sabha elections (05-06-2024)
Prime Minister Narendra Modi retained his seat in Varanasi, albeit with a reduced margin compared to previous elections. Other prominent BJP leaders, including Amit Shah, Om Birla, and Gajendra Singh Shekhawat, also emerged victorious. However, the party faced notable defeats with Arjun Munda and Smriti Irani losing their constituencies.
Nifty trades near 22,400 levels; European mrkt opens higher (05-06-2024)
At 13:30 IST, the barometer index, the S&P BSE Sensex was surged 1,572.34 points or 2.18% to 73,639.07. The Nifty 50 index gained 507.70 points or 2.32% to 22,392.20.
KEC International share price rallies 7% on Rs 1,000-crore order win (05-06-2024)
The surge came on the back of an order win worth Rs 1,002 crore
Cipla Ltd up for third straight session (05-06-2024)
Cipla Ltd is quoting at Rs 1504.8, up 2.89% on the day as on 12:49 IST on the NSE. The stock is up 54.81% in last one year as compared to a 19.62% jump in NIFTY and a 47.7% jump in the Nifty Pharma index.