Page 295 - Bs Reporter

RailTel's Rs 820-cr IPO subscribed 2.6 times on Day-1; Nureca by 15x

The retail portion of RailTel's issue has already garnered 5x subscription. On Monday, the state-owned firm allotted shares worth Rs 244 crore to anchor investors

Ascendas buys IT SEZ building in Hyderabad's Hitech City for Rs 500 cr

The structure has an area of 639,495 square feet. About 98% of the building is leased to Amazon Development Center (India) Pvt Ltd

India smartphone market declines 1.7% in CY2020 after years of growth: IDC

H10-2020 sluggish with demand down 26%, H2 recovers with 19% growth. Lockdowns and curbs drive need for devices to support remote working. IDC sees stronger market in 2021 led by upgrades

Grasim Industries net profit rises 2 times to Rs 1,384 crore in Q3

All key businesses have outperformed pre-Covid operational levels

Nalco posts net profit at Rs 240 crore; revenue up 14% to Rs 2,378 crore

Revenue grew by 14 per cent to Rs 2,378.79 crore against Rs 2,088.35 crore in the same period

Future Group moves NCLT for approval to hold shareholders meeting

Reliance group entities have also moved an application in NCLT seeking approval to go ahead with the amalgamation deal with Future

Budget 2021: Bad bank will be a win-win for lenders, says Debasish Panda

All banks are eligible for privatisation. A committee of secretaries will decide which banks will be privatised, said Panda

Investors put Rs 1,709 crore in Brookfield REIT's initial public issue

The Rs 3,800 crore-IPO of the REIT will open on Wednesday

Investors put Rs 1,709 crore in Brookfield REIT's initial public issue

The Rs 3,800 crore-IPO of the REIT will open on Wednesday

IRFC slips 5% on debut, weighed down by 7% fall in market since firm's IPO

At current market price, IRFC has market capitalisation of Rs 32,410 crore-almost equal to its book value

Railways should diversify freight portfolio: Ficci-Crisil White paper

Another key proposal is to allow private players to run trains on the dedicated freight corridors

Adani Ports raises $500 mn via dollar bonds from marquee investors

This was the second issuance for APSEZ, third for the port vertical company of Adani Group this financial year with total issuance amounting to over $1.5 billion

British firm GSK to move malaria vaccine production to Bharat Biotech

The agreement includes transfer of manufacturing of the protein part of the malaria vaccine

Kitchen appliances firm Stove Kraft's IPO subscribed 3x, closes tomorrow

The company is looking to raise Rs 95 crore through the IPO. The issue also comprises of secondary share sale worth Rs 318 crore

Policybazaar.com sells 400,000 health policies in April-December 2020

Covid-19 pandemic and increased awareness about health plans, along with factors such as flexible payment options and availability of higher sums insured created a surge in demand

Stove Kraft's Rs 413-crore IPO fully subscribed on Day-1, closes Thursday

Price band set at Rs 384-385; IPO is comprised of Rs 95 cr of fresh fund raise, Rs 318 cr secondary share sale

Migration from cash-based economy to digital is a work in progress: RBI

Still a long road ahead, especially across Tier III-VI) and societal cross-sections (senior citizens, migrant workers), apex bank in booklet on Payment Systems

1,500-acre logistics park set to come up near the auto hub of Sanand

Spread across 1,450 acre at Virochan Nagar, the park is expected to attract investments worth Rs 50,000 crore in the logistics and transport space