Consequently, post-allotment the paid-up capital of the company shall stand increased to Rs. 19,84,69,300 divided into 3,96,93,860 equity shares of face value of Rs. 5/- each.
Posts in category Business Standard
JSW Steel-JFE Steel Corporation, Japan JV to acquire tkES India (18-10-2024)
The Board of Directors of JSW Steel at its meeting held on October 18, 2024 has approved the acquisition of 100% equity interest in thyssenkrupp Electrical Steel India (tkES India), jointly with JFE Steel Corporation, Japan, through a 50:50 joint venture and the licensing / transfer of associated technology package relating to the operations of tkES India to the Company from thyssenkrupp group (together the Transaction).
Tata Consumer PAT rises 7% YoY to Rs 364 crore in Q2 (18-10-2024)
Tata Consumer Products reported consolidated net profit of Rs 364.42 crore in Q2 FY25, up 7.47% as against Rs 338.24 crore recorded in Q2 FY24.
Board of Hindustan Zinc approves investment in Serentica Renewable India (18-10-2024)
At meeting held on 18 October 2024
KIMS signs MoU with Wipro GE Healthcare (18-10-2024)
For procuring medical technology and services up to Rs 700 cr
Indices snap 3-day losses, Nifty ends above 24850; private banks climb (18-10-2024)
Domestic equity benchmarks rebounded on Friday, snapping a three-day losing streak. Banks and metals led the gains, while IT and FMCG lagged. Despite the broader market’s underperformance, positive bank results boosted investor sentiment, hinting at a promising earnings season.
Value of securities held in demat form at NSDL reaches Rs 500 trillion (18-10-2024)
The National Securities Depository Ltd (NSDL) on Friday said the value of securities held in dematerialized form at the depository reached Rs 500 lakh crore (USD 6 trillion) in September 2024.
The leading depository took 18 years to reach Rs 100 lakh crore in June 2014, another 6 years to touch Rs 200 lakh crore in November 2020 and a span of 4 years to hit the milestone of Rs 500 lakh crore, a statement said.
“We thank investors, market participants, regulators and other stakeholders on this historic occasion,” S Gopalan, Interim MD of NSDL said in a statement.
NSDL is a Sebi-registered market infrastructure institution offering a wide range of products and services to the financial and securities markets in India. Following the introduction of the Depositories Act in 1996, NSDL pioneered the dematerialisation of securities in India in November 1996.
Last month, the depository received Sebi’s go-ahead to launch its initial public offering (IPO). The clearance from the markets …
Hindustan Zinc Q2 PAT climbs 35% YoY to Rs 2,327 cr (18-10-2024)
Hindustan Zinc reported 34.58% jump in consolidated net profit to Rs 2,327 crore in Q2 FY25 as against Rs 1,729 crore posted in Q2 FY24.
INR ends on flat note; recovery in local equities support (18-10-2024)
The Indian rupee traded on a flat note to settle just 1 paisa lower at 84.07 (provisional) against the US dollar on Friday as lower crude oil prices and a weak greenback offset the impact of persistent foreign capital outflows. A positive momentum in the domestic equity markets supported the local currency and restricted its fall. Local shares recovered from an early slide to end modestly higher on Friday. Rate-sensitive banks, automakers and metal stocks advanced, offsetting weakness in the IT and FMCG sectors. The benchmark 30-share BSE Sensex ended the session up 218.14 points, or 0.27 percent, at 81,224.75, snapping a three-session losing streak. The broader NSE Nifty index closed at 24,854.05, up 104.20 points, or 0.42 percent, from its previous close. At the interbank foreign exchange market, the local unit opened at 84.06 against the greenback and stayed almost flat during the entire session. The unit finally settled at 84.07 (provisional) against the dollar, registering a …
Hyundai Motor India IPO ends with 2.37x subscription (18-10-2024)
The offer received bids for 23.63 crore shares as against 9.97 crore shares on offer. The initial public offer (IPO) of Hyundai Motor India received 23,63,27,903bids for shares as against 9,97,69,810 shares on offer.The issue was subscribed 2.37 time