Posts in category Business Standard
PG Technoplast unveils new air conditioning manufacturing unit in Bhiwadi, Rajasthan (25-04-2024)
PG Technoplast, a wholly-owned subsidiary of PG Electroplast (PGEL), today marked a significant milestone with the unveiling of its new marquee air conditioning manufacturing facility for North India in Bhiwadi, Rajasthan. This strategic investment aims to meet the growing demand for energy-efficient and sustainable cooling solutions in India and expand the company's footprint in the rapidly growing air conditioning market.
Mcap of BSE-listed companies jumped to lifetime peak of Rs 404.18 trillion (25-04-2024)
Investors' wealth climbed Rs 11,29,363.01 crore in the past five days to reach a record high of Rs 4,04,18,411.32 crore (USD 4.87 trillion) on Thursday
Crisil ESG Ratings receives market regulator Sebi approval for ESG scoring (25-04-2024)
The rating provider launched its ESG scoring business in 2021 and now tracks over 1,000 companies across 65 sectors
Nifty likely to reach 25,810 by December 2024: Prabhudas Lilladher (25-04-2024)
The NSE benchmark Nifty is likely to reach the 25,800 level by December 2024 as stable economic policies and normal monsoon will boost demand growth, Prabhudas Lilladher said in a report on Thursday.
The index is currently trading at 22,570.35 level. Going by the prediction of Prabhudas Lilladher, the Nifty is expected to climb another 3,239.65 points or 14.35 per cent from its current level by December-end this year.
"Recently, the Nifty reached its all-time peak, but subsequently experienced a correction of around 4 per cent attributed to escalating geopolitical tensions, fluctuations in crude oil and commodity prices, and differing perspectives on the anticipated interest rate adjustments by the US Federal Reserve," Amnish Aggarwal, Head of Institutional Research, Prabhudas Lilladher, said.
The Nifty is expected to scale up to 25,810 levels by December 2024, Aggarwal added.
"The upward mobility in Nifty is attributed to the continuation of the NDA government and La Nina led norm
Tech Mahindra to pay dividend (25-04-2024)
On or before 09 August 2024
Zensar Technologies announces cessation of director (25-04-2024)
With effect from 30 April 2024
Swiggy secures shareholders’ approval to raise over Rs 10,400 cr via IPO (25-04-2024)
Food and grocery delivery major Swiggy has received shareholders' approval for an initial public offering to raise Rs 10,414 crore fund through issue of fresh equity shares and an offer for sale, according to sources.
A special resolution was passed at an extraordinary general meeting of Swiggy on April 23, they said.
According to sources, the Bengaluru-based company plans to raise up to Rs 3,750 crore funds through fresh equity shares, in addition to an offer-for-sale component of up to Rs 6,664 crore.
The company is looking to shore up about Rs 750 crore from anchor investors in a pre-IPO round, they added.
Swiggy, founded in 2014, has a valuation of USD 12.7 billion as on April 10, 2024. Its annual revenue stood at USD 1.09 billion as on March 31, 2023.
The company has more than 4,700 employees, according to Tracxn, a global startup data platform.
After Bitcoin’s massive price surge, book partial profit if overexposed (25-04-2024)
At current elevated prices, prospective buyers should opt for staggered purchases
British Pound Breaks Above 1.2500 Mark To Test Two Week High (25-04-2024)
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IndusInd Bank Q4 PAT rises 15% YoY to Rs 2,347 cr (25-04-2024)
The private lender's standalone net profit increased 15.01% to Rs 2,346.84 crore on 20.77% rise in total income to Rs 14,699.01 crore in Q4 FY24 over Q4 FY23.