Posts in category Business Standard
Defense stocks on a roll; BDL, BEL, HAL, Cochin Shipyard rally 5% (18-05-2024)
The Government of India's initiatives to make India self-reliant in providing weapon systems to the Indian Armed Forces and clearance for export to FFCs have opened plenty of opportunities for defense
Nestle India up 3% as shareholders reject high royalty payment to parent Co (18-05-2024)
The motion proposed to increase the royalty, paid to its parent, to 5.25 per cent of net sales, net of taxes, from 4.5 per cent at present
Universal Cables Ltd leads gainers in ‘B’ group (18-05-2024)
Cords Cable Industries Ltd, Megasoft Ltd, Shakti Pumps (India) Ltd and Bonlon Industries Ltd are among the other gainers in the BSE's 'B' group today, 18 May 2024.
JSW Steel stock falls 2% as profit plunges 65% in Q4 (18-05-2024)
JSW Steel's consolidated net profit dropped 64.5 per cent to Rs 1,299 crore, from Rs 3,664 crore in the previous year. Sequentially, the profit fell 46 per cent, from Rs 2,415 crore
Benchmarks hover near opening levels; Pharma shares rises (18-05-2024)
At 11:45 IST, the barometer index, the S&P BSE Sensex advanced 63.4 points or 0.09% to 73,984.77. The Nifty 50 index added 28.35 points or 0.13% to 22,494.45.
Bharat Dynamics Ltd leads gainers in ‘A’ group (18-05-2024)
Affle India Ltd, Bharat Bijlee Ltd, Kaynes Technology India Ltd and Varroc Engineering Ltd are among the other gainers in the BSE's 'A' group today, 18 May 2024.
Amber Enterprises stock gains 1% after Q4 net rises 9% (18-05-2024)
Amber Enterprises stock update: The company's Q4 consolidated net profit grew 9.1 per cent YoY to Rs 108 crore, while revenue rose 7.1 per cent to Rs 3,003 crore in the March 2024 quarter.
Bharat Dynamics zooms 22% in 3 days; Board to announce Q4 results on May 30 (18-05-2024)
Bharat Dynamics stock price: Over the past one year, Bharat Dynamics stock price has zoomed 116 per cent on the BSE
OYO withdraws DRHP, to refile its much-awaited IPO post refinancing (18-05-2024)
Softbank-backed OYO is set to refile its much-awaited IPO as the global travel tech player is close to finalising its refinancing plans to raise up to USD 450 million via sale of dollar bonds, sources said.
JP Morgan is the likely lead banker for the refinancing through the sale of dollar bonds at an estimated interest rate of 9 to 10 per cent per annum, a source said.
In preparation for the refinancing, OYO has already moved its application with markets regulator SEBI to withdraw its current draft red herring prospectus (DRHP). The company intends to refile an updated version of the DRHP, after the bond issuance.
Oravel Stays Ltd, OYO's parent company, had in November prepaid a significant chunk of its debt amounting to Rs 1,620 crore through a buyback process. The buyback involved repurchasing 30 per cent of its outstanding Term Loan B of USD 660 million. The move brought down its outstanding loan amount to around USD 450 million.
A source closely involved in the company's IPO .
Zydus Life spurts on reporting robust Q4 numbers (18-05-2024)
Zydus Lifesciences locked in 5% upper circuit of Rs 1,140.45 after the pharma major reported consolidated net profit of Rs 1,182.3 crore in Q4 FY24 steeply higher than Rs 296.6 crore recorded in Q4 FY23.