Posts in category Economic Times
Go Digit to debut at the bourses on Thursday; here’s what GMP signals ahead of listing (22-05-2024)
Go Digit IPO got a healthy response. The company's shares are trading at a premium of Rs 25 in the unlisted market. The issue was booked nearly 10 times at close on strong interest from retail and institutional buyers.
Go Digit to debut at the bourses today; here’s what GMP signals ahead of listing (22-05-2024)
The Go Digit IPO garnered a robust reception, with the company's shares commanding a premium of Rs 25 in the unlisted market. Demand for the issue surged nearly 10 times by the close, fueled by strong interest from both retail and institutional investors.
Power Grid Corporation Q4 Results: Net profit dips marginally to Rs 4,166 cr (22-05-2024)
State-owned Power Grid Corporation on Wednesday reported a nearly four per cent dip in its consolidated net profit to Rs 4,166.33 crore in the March 2024 quarter, mainly due to a marginal decline in income. The company reported a consolidated net profit of Rs 4,322.87 crore in the quarter ended on March 31, 2023, a BSE filing showed.
Vedanta seeks shareholders’ approval to raise up to Rs 8,500 crore (22-05-2024)
Mining billionaire Anil Agarwal-led Vedanta Ltd has sought shareholders' nod to raise up to Rs 8,500 crore through issuance of securities. "We hereby submit a copy of Postal Ballot Notice....seeking approval of the Members of the company in respect of...issuance of securities up to Rs 8,500 crore," the company said in a filing on the BSE.
US stocks subdued at open ahead of Nvidia results, Fed minutes (22-05-2024)
The Dow Jones Industrial Average fell 9.66 points, or 0.02%, at the open to 39,863.33.
WisdomTree to list crypto products on London Stock Exchange (22-05-2024)
Britain's financial regulator has approved WisdomTree's bid to list exchange-traded products (ETPs) backed by cryptocurrencies bitcoin and ether on the London Stock Exchange, the asset manager said on Wednesday ahead of an expected launch this month.
Warburg Pincus exits Apollo Tyres by offloading Rs 1,072 crore worth stake (22-05-2024)
The leading global PE firm offloaded about 3.5% stake or 2.24 crore shares. Goldman Sachs, Morgan Stabley, Mirae Asset MF, Societe Generale, Citigroup, ICICI Pru MF bought stakes. Mutual funds have a significant 16.77% stake and foreign investors hold about 17.61% stake as of March 2024.
Torrent Power Q4 Results: Net profit falls 8% to Rs 447 crore (22-05-2024)
Torrent Power on Wednesday reported a 7.6 per cent dip in its consolidated net profit at Rs 447 crore in March 2024 quarter mainly due to high expenses. The company had reported a consolidated net profit of Rs 484 crore in the quarter ended March 2023, a BSE filing showed.
RattanIndia Power Q4 Results: Firm posts Rs 10,665 cr net profit on exceptional gains (22-05-2024)
RattanIndia Power on Wednesday reported a consolidated profit of Rs 10,665.75 crore in the March 2024 quarter, mainly due to exceptional gain. The company had reported a loss of Rs 483.19 crore in the year-ago quarter, a BSE filing showed.
Paytm shares rally 5% despite widening net loss in Q4 (22-05-2024)
Despite widened net loss and a revenue drop in Q4, Paytm's shares closed near a 5% upper circuit. Impact of disruptions from UPI transition and Paytm Payments Bank embargo cited. Impairment provision of Rs 227 crore for investment in PPBL recorded.