Page 2010 - Company News

Street betting on revival of metals cycle amid buzz of over-correction

High input costs leading to margin pressure, lower-than-expected realisations are among downside risks

Down nearly 8% at closing bell, LIC adds to poor listing scorecard of PSUs

Most large floats by the government have failed to create long-term wealth for investors

Motilal Oswal Financial Services announces buyback of shares for Rs 160 cr

Motilal Oswal Financial Services on Tuesday announced buyback of its 14.55 lakh equity shares at a price of Rs 1,100 per unit for an aggregate amount not exceeding Rs 160 crore.

Luxury watch player Ethos gets Rs 142 cr from anchor investors ahead of IPO

Luxury and premium watch retail player Ethos on Tuesday said it has raised around Rs 142 crore from anchor investors ahead of its initial share sale, which opens for subscription on Wednesday.

LIC debut is 2nd worst among 11 global firms that raised over $1 bn in 2022

The poor listing is set to disappoint millions of small-time investors who bid enthusiastically for the issue because of their long and emotional association with the insurer and its products

Paradeep Phosphates IPO gets 29% subscription; retail portion booked 57%

The initial public offer of Paradeep Phosphates was subscribed 29 per cent on the first day of subscription on Tuesday.

SAIL supplied 4,300 tn special steel for indigenous navy warships: Official

Steel Authority of India Ltd has supplied 4,300 tonnes of special steel for India's indigenous navy warships INS Udaygiri' and INS Surat', an official said.

Piramal Group chairman awarded for services to UK-India trade relationship

Piramal Group Chairman Ajay Piramal has received the prestigious Commander of the Order of the British Empire (CBE) award, a release said on Tuesday.

Saint-Gobain, Sembcorp sign green energy supply deal for Indian units

Construction materials giant Saint-Gobain has signed a long-term renewable power supply deal with Singapore-listed Sembcorp for its manufacturing facilities in southern Tamil Nadu state

Jet Airways successfully conducts proving flights: Jalan-Kalrock consortium

Jet Airways has successfully operated all proving flights and is now looking forward to the grant of air operator certificate (AOC) by aviation regulator DGCA, its owner Jalan-Kalrock Consortium said

'Accumulate LIC stock for long term': Analysts on firm's lacklustre debut

Shares of much-anticipated Life Insurance Corporation of India (LIC) made a weak listing on the stock exchanges on Tuesday.

Jack Ma exits Paytm Mall; offloads 43% stake for Rs 42 cr: Report

Paytm E-commerce have bought back the entire stake of Alibaba, which held 28.34 per cent, and Antfin (Netherlands) Holding, which held 14.98 per cent stake, a total of 43.32 per cent, for Rs 42 crore.

RBL Bank raises $100 mn from Basel III-compliant unsecured tier 2 bonds

RBL Bank on Tuesday said it has raised $100 million (about Rs 770 crore) through its first issuance of Basel III-compliant unsecured and subordinated tier 2 bonds.

LIC, with m-cap of Rs 5.54 trn, is fifth most valued Indian company

The country's largest insurer LIC is the fifth most valuable company in the country with a market capitalisation of about Rs 5.54 lakh crore.

AWS launches SMB Vidyalaya to speed up digitisation of small businesses

The programme has over 50 technology education modules specific to SMBs and the opportunities they have to drive business growth across the country

Shriram City to focus on small biz, gold loans in FY23; aims 18% AUM growth

Noting that the demand in the economy has not yet fully recovered, while rural and semi-urban areas have been doing better now, Y S Chakravarti, MD & CEO said.

Wish I had a co-founder to tide over tech struggles initially: Nykaa CEO

Falguni Nayar, an investment banker-turned-entrepreneur, said she had no idea about retail or technology when she decided to take the entrepreneurial plunge in 2012

Xanadu Realty raises undisclosed sum from HDFC, HDFC Life for expansion

Xanadu Realty Ltd, a realty tech business accelerator firm, on Tuesday announced that it has received a strategic investment from HDFC Ltd and HDFC Life Insurance Co. Ltd.

HDFC Bank launches spot home loan offer; available on WhatsApp in 2 minutes

Mortgage lender HDFC on Tuesday launched a spot offer on WhatsApp to provide an in-principle home loan approval for buyers within 2 minutes.

Maruti shareholders approve appointment of Hisashi Takeuchi as MD and CEO

In a regulatory filing, the auto major said 99.89% of votes polled through a postal ballot were in favour of the appointment of Takeuchi as MD and CEO