Posts in category Business Standard
RVNL JV bags Rs 156-cr order from Southern Railway (08-06-2024)
Rail Vikas Nigam (RVNL) announced that its joint venture (JV), KRDCL-RVNL has been declared as lowest bidder from Southern Railway for a project worth Rs 156.47 crore.
Gold price climbs Rs 10 to Rs 73,760, silver rises Rs 100 to Rs 96,100 (08-06-2024)
The price of 22-carat gold rose Rs 10, with the yellow metal selling at Rs 67,610
Mount Housing & Infrastructure standalone net profit declines 8.27% in the March 2024 quarter (08-06-2024)
Sales rise 4.32% to Rs 1.93 crore
PTC India consolidated net profit declines 28.04% in the March 2024 quarter (08-06-2024)
Sales decline 2.36% to Rs 3371.74 crore
India Steel Works reports standalone net profit of Rs 6.15 crore in the March 2024 quarter (08-06-2024)
Reported sales nil
Rajeswari Infrastructure reports standalone net loss of Rs 0.08 crore in the March 2024 quarter (08-06-2024)
Reported sales nil
IPOs of Flipkart, PhonePe could take couple of years, says Walmart exec (08-06-2024)
Walmart may put an initial public offering of PhonePe ahead of Flipkart, even though Flipkart is a more mature business
Markets recoup result-day losses to hit fresh highs; Sensex up 1,619 points (07-06-2024)
Regime continuity, economic outlook behind rally
Ixigo’s parent co garners Rs 333 cr from anchor investors ahead of IPO (07-06-2024)
Le Travenues Technology Ltd, which operates travel booking platform ixigo, on Friday said it has mobilised Rs 333 crore from anchor investors ahead of launch of its initial share sale for public subscription.
The anchor investors who have been allotted shares are the Government of Singapore, Morgan Stanley, WhiteOak Capital, Bay Capital India Find, Tata Investment Corporation, Bajaj Allianz Life Insurance Company, SBI Mutual Fund and HDFC Mutual Fund, according to a circular uploaded on BSE website.
Overall, the company has allotted 3.58 crore equity shares to 23 funds at Rs 93 apiece, aggregating to Rs 333 crore, it added.
The issue, with a price band of Rs 88 to Rs 93 per share, will open on June 10 and conclude on June 12.
The Rs 740-crore IPO of the Gurugram-based company is a combination of a 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 ...
Torrent Group market capitalisation doubles to $20 billlion in one year (07-06-2024)
Diversified Torrent Group crossed USD 20 billion (Rs 1.68 lakh crore) in market capitalisation on Friday, nearly doubling the market value on the back of robust growth across businesses spanning from pharma to energy.
Torrent Group had an m-cap of USD 10.8 billion (Rs 90,230 crore) on June 6, 2023.
On Friday, two listed companies of the group, Torrent Pharmaceuticals Limited and Torrent Power Limited gained 2.22 per cent and 2.59 per cent, respectively, setting a new milestone for the group's market capitalisation at USD 20.2 billion at the close of market hours, according to stock exchange data.
Shares of the group's flagship Torrent Pharmaceuticals ended at Rs 2,838 each and its arm Torrent Power closed at Rs 1,492.35 apiece on the NSE.
Steady growth in the group's market capitalisation mirrors robust financial performance, sustained growth trajectory and business expansions across verticals.
At the core of its growth strategy is the business model driven by acquisitions.
The g