Posts in category Business Standard
L&T Q4 PAT rises 10% YoY to Rs 4,396 cr; declares dividend of Rs 28/sh (08-05-2024)
The EPC major's consolidated net profit rose 10.27% to Rs 4,396.12 crore on 14.99% increase in revenue from operations to Rs 67,078.68 crore in Q4 FY24 over Q4 FY23.
RBI holds meeting with stakeholders in UPI ecosystem, aims to scale up UPI infrastructure (08-05-2024)
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Singapore Market falls 1.08% (08-05-2024)
At closing bell, the Straits Times Index (STI) index fell 35.51 points, or 1.08% to 3,264.53 after trading between 3,256.16 and 3,290.16. Across the broader market, decliners outpaced advancers with 320 to 253, with 1.04 billion securities worth S$1.25 billion changed hands.
Piotex Industries IPO to open on May 10, price fixed at Rs 94 per share (08-05-2024)
Piotex Industries, a leading supplier of yarn, fabric and cotton bale on Wednesday said its initial public offering (IPO) will hit the capital market on Friday to raise Rs 14.47 crore from public investors.
The initial public offering (IPO) of the company will open for subscription on May 10 and conclude on May 14. The shares of the company will be listed on the BSE's SME platform, the company said in a statement.
The Pune-headquartered company has fixed the price of Rs 94 per equity share.
The public offer is entirely a fresh issue of up to 15,39,600 equity shares with a face value of Rs 10 per share, according to the red herring prospectus (RHP).
Investors can bid for a minimum of 1,200 equity shares and in multiples thereof.
The company proposes to utilise the net proceeds from the fresh issue to fund its working capital requirements, general corporate purposes and meet issue expenses.
Piotex Industries works on an asset-lite model. These products are used for various purposes
Indegene IPO subscribed 69.66 times (08-05-2024)
The offer received bids for 201.07 crore shares as against 2.88 crore shares on offer
Datamatics Global Services consolidated net profit declines 12.06% in the March 2024 quarter (08-05-2024)
Sales decline 0.86% to Rs 412.71 crore
Kirloskar Oil Engines consolidated net profit rises 88.25% in the March 2024 quarter (08-05-2024)
Sales rise 19.96% to Rs 1660.02 crore
TVS Motor Company consolidated net profit rises 15.14% in the March 2024 quarter (08-05-2024)
Sales rise 25.04% to Rs 10042.47 crore
Coaching class owner loses Rs 1.88 cr to stock trading WhatsApp group scam (08-05-2024)
A 48-year-old coaching class owner in Thane district was duped of more than Rs 1.88 crore in a share trading scam that started with the membership of a WhatsApp group, police said on Wednesday.
As per the complainant, an unidentified person added him to the WhatsApp group 'STOCK Vanguard (F)' in March, said an official. The group had 170 members and advice about share trading used to be posted there, he told police. The complainant found the advice trustworthy and invested money in the recommended shares, following which he was added to another group, 'STOCK-Vanguard-VIP', the official said. Three persons, who identified themselves as Isha, Divya, and Raj Rupani, contacted him, showed him some kind of 'SEBI certificate' to gain his trust, and told him that he could make huge profits by investing through an app called CINVEN/IC SERVICES, the complainant said. He invested more than Rs 1.88 crore, but when he demanded his money back, there was no response, he claimed. A case of ...
Tata Power Company consolidated net profit rises 15.11% in the March 2024 quarter (08-05-2024)
Sales rise 27.24% to Rs 15846.58 crore