“Since the issue size was large, it took away the possibility of the share price seeing any scarcity premium on the listing day,” said Mrunmayee Jogalekar, auto research analyst at Asit C Mehta Investment Intermediates. “The lack of retail participation and the near-term concerns on the auto sector led to the tepid listing.”
Posts in category Economic Times
Adani Energy Solutions gets Sebi notice on shareholder classification (23-10-2024)
Without disclosing further details, the company mentioned the receipt of the SCN in its exchange filing for the September quarter results.
Adani Energy Solutions gets Sebi notice on shareholder classification (23-10-2024)
Without disclosing further details, the company mentioned the receipt of the SCN in its exchange filing for the September quarter results.
Adani Cement takes over CK Birla’s Orient Cement in ₹8,100 cr deal (23-10-2024)
Adani Cement announced the acquisition of Orient Cement from CK Birla Group for ₹8,100 crore. This deal boosts Adani Cement’s market share and reduces freight costs. The acquisition will increase Ambuja Cements’ capacity by around 30 million tonnes per annum within two years. The transaction is expected to complete in three to four months.
Zomato ticks the boxes, yet has a lot more to deliver (22-10-2024)
The company reported an operating profit of ₹226 crore in the quarter against the year-ago loss of ₹47 crore. The operating profit margin stood at 4.7% for the quarter. The improved profitability comes on the back of food delivery margins firming up and quick commerce margins staying near break-even despite the store network expansion.
Zomato ticks the boxes, yet has a lot more to deliver (22-10-2024)
The company reported an operating profit of ₹226 crore in the quarter against the year-ago loss of ₹47 crore. The operating profit margin stood at 4.7% for the quarter. The improved profitability comes on the back of food delivery margins firming up and quick commerce margins staying near break-even despite the store network expansion.
There’s scope for more insurance companies in India, says Irdai chairperson (22-10-2024)
Speaking at an industry event organised by the CII on Tuesday, Insurance Regulatory and Development Authority of India (Irdai) chairperson Debasish Panda said the 1.4 billion population base offers massive growth opportunities. “There is scope for more than 70 insurance companies to cater to 1.4 billion people. I encourage more conglomerates to enter the insurance sector. It is an exciting time for the industry,” said Panda.
There’s scope for more insurance companies in India, says Irdai chairperson (22-10-2024)
Speaking at an industry event organised by the CII on Tuesday, Insurance Regulatory and Development Authority of India (Irdai) chairperson Debasish Panda said the 1.4 billion population base offers massive growth opportunities. “There is scope for more than 70 insurance companies to cater to 1.4 billion people. I encourage more conglomerates to enter the insurance sector. It is an exciting time for the industry,” said Panda.
Allianz ‘actively considering’ exiting Bajaj Insurance JVs (22-10-2024)
The German insurer’s decision stems from a shift in its priorities as it is unable to play a significant role in the operations. While signing the JV agreement, Allianz had expected it would raise its stake to 74%, the maximum allowed under Indian foreign direct investment (FDI) rules at a discounted price, but the option lapsed in 2016.
Allianz ‘actively considering’ exiting Bajaj Insurance JVs (22-10-2024)
The German insurer’s decision stems from a shift in its priorities as it is unable to play a significant role in the operations. While signing the JV agreement, Allianz had expected it would raise its stake to 74%, the maximum allowed under Indian foreign direct investment (FDI) rules at a discounted price, but the option lapsed in 2016.