Sharekhan believes that ITC is entering a phase of consistent earnings growth trajectory
Posts in category Business Standard
Gaurs Group plans IPO in next 18 months to tap growth potential: CMD (17-09-2024)
Realty firm Gaurs Group is planning to launch its Initial Public Offering ( IPO) in the next 18 months as it looks to expand business amid strong consumer demand, its CMD Manoj Gaur said on Tuesday.
Byoued by the successful launch of its luxury housing project in Ghaziabad clocking Rs 3,100 crore sales in three days, Gaur said the company has set a target to expand its business of development of housing projects across the Delhi-NCR market.
He said the company will also develop commercial assets, including malls, hotels, office spaces and schools/colleges to generate stable rental income.
“We are planning to launch our IPO in the next 18 months. Internally, we have started the preparation to get listed on the stock exchanges,” Gaur told PTI.
He noted that both property and stock markets are performing well.
“We strongly believe that demand in the real estate market will continue to be strong. So, there is a huge potential for expansion and growth,” said Gaur, who is also Chairman
Hero MotoCorp up 3%, at record high on positive outlook; zooms 95% in 1 yr (17-09-2024)
Hero MotoCorp stands to gain with rural growth expected to drive up demand in the two-wheeler market, particularly in the commuter segment.
India and US set to collaborate on new National Centre for Hydrogen Safety (17-09-2024)
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Nifty above 25,400 level; metal shares lacklustre (17-09-2024)
At 12:25 IST, the barometer index, the S&P BSE Sensex advanced 75.84 points or 0.09% to 83,064.62. The Nifty 50 index rose 30.20 points or 0.12% to 25,413.95.
Tata Elxsi inaugurates state-of-the-art ‘xG-Force’ lab in Bengaluru (17-09-2024)
To accelerate innovative 5G use case testing
Wholesale inflation at four month low, food prices soften (17-09-2024)
The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 1.31% (Provisional) for the month of August, 2024 (over August, 2023). Positive rate of inflation in August, 2024 is primarily due to increase in prices of food articles, processed food products, other manufacturing, manufacture of textiles and manufacture of machinery & equipment etc. However, this is the lowest WPI inflation in last four months.
JBM ECOLIFE Mobility secures USD 100 mn funding (17-09-2024)
From Asian Development Bank and the Asian Infrastructure Investment Bank
INR hits three week high against US dollar (17-09-2024)
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Railtel Corp bags Rs 49-crore service order (17-09-2024)
RailTel Corporation of India informed that it has received a work order from Health Insurance TPA of India for service aggregating to Rs 48.70 crore.