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Market hits new life high; Nifty settles above 26,200; VIX tumbles 7.12% (26-09-2024)
As per provisional closing data, the barometer index, the S&P BSE Sensex gained 666.25 points or 0.78% to 85,836.12. The Nifty 50 index advanced 211.90 points or 0.81% to 26,216.05.
Linc rallies after inking JV agreement with SILKA (26-09-2024)
Linc jumped 3.22% to Rs 748.90 after the company entered into joint venture agreement with Silka Kirtasiye Imalat Sanayi Ve Ticaret (SILKA) to carry out manufacturing of Writing Instruments in Turkiye.
Mutual funds’ search for debt fund alternatives reaches FoF space (26-09-2024)
HDFC, ABSL plan arbitrage-plus-debt FoFs to offer low-risk but tax-efficient products
Icon Facilitators plans to raise funds via IPO; eyes Rs 100 cr revenue (26-09-2024)
Technical facilities management services provider Icon Facilitators on Thursday announced its plan to launch the initial public offer to raise money for expanding operations and is targeting Rs 100 crore revenue by FY27.
Khambatta Securities Limited has been appointed as the book-running lead manager to oversee the IPO process, a company statement said.
According to the statement, the company aims to achieve a remarkable milestone of Rs 100 crore in revenue by the financial year 2027. It reported Rs 49.84 crore revenue from operations in FY24 against Rs 42.96 crore in FY23.
To support this ambitious growth trajectory, it stated that Icon Facilitators Ltd (IFL) is actively exploring an initial public offering (IPO).
The IPO will provide the company with the necessary capital to expand its client base, strengthen its geographic presence across India, and invest in cutting-edge technologies to enhance its service offerings, it said.
IFL Managing Director Dinesh Makhija said, “We are
Euro eases after recent gains, German economy remains in focus (26-09-2024)
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Krsnaa Diagnostics join hands with Apulki Healthcare for cancer and cardiac care (26-09-2024)
Krsnaa Diagnostics said that it has acquired a strategic stake in Apulki Healthcare, India’s first public private partnership (PPP) dedicated for cancer and cardiac care hospital.
Mahindra & Mahindra Financial Services allots NCDs aggregating Rs 1,250 cr (26-09-2024)
On private placement basis
K.P. Energy inks power purchase agreement with GUVNL (26-09-2024)
K.P. Energy announced that it has signed power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) to develop the wind power project.
NTPC arm inks JV agreement with MAHAPREIT (26-09-2024)
NTPC informed that its wholly-owned subsidiary, NTPC Green Energy has entered into a joint venture agreement (JVA) with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT).