DreamFolks Rs 562-crore IPO will open for subscription on Wednesday, and close on 26 August. The company has announced the price band at Rs 308-326 per equity share of face value of Rs 2 each. The issue is entirely an offer-for-sale (OFS), offering up to 1.7 crore equity shares by the existing promoters and the …
Glenn Maxwell waltzed his way to the fastest World Cup century after David Warner hit his second successive hundred as Australia crushed the Netherlands by 309 runs — the biggest in tournament history — to continue their winning run here on Wednesday. The winning run margin was also the second biggest in ODI cricket after …
The government has zeroed in on five merchant bankers, including ICICI Securities, Axis Capital and Citi Group, to manage the Centre’s 29.53% residual stake sale in Hindustan Zinc (HZL) in the open market tranches, sources told FE. The other bankers, which have been selected by the Department of Investment and Public Asset Management (Dipam), are …
The combined market valuation of six of the 10 most valued companies surged by Rs 1,56,247.35 crore last week, with Reliance Industries Ltd (RIL) emerging as the biggest gainer. While RIL, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, HDFC and Bajaj Finance saw gains in their market capitalisation (m-cap) in the holiday-shortened week, Infosys, …
Reliance Jio Infocomm Limited announced a partnership with network services and consumer experience company Plume to provide market-leading smart home and small business services to its subscribers across India. “This partnership will deliver state-of-the-art services, through Plume’s highly scalable cloud platform, to approximately 200 million premises in India,” it said in a statement. Jio provides …
A clutch of institutional investors, including Singapore’s sovereign wealth fund GIC, acquired a 13.6% stake held by US private equity major Blackstone in Sona BLW Precision Forgings for about Rs 4,044 crore. The buyers acquired the stake through a block deal on Thursday for Rs 509 a share, which was at a 5% discount to …
Sona BLW Precision Forgings (Sona Comstar) a leading tier 1 supplier has announced its financial results for Q2 FY2024 and H1 FY2024. In Q2 the revenue came at Rs 791 crore, up 20% YoY, EBITDA at Rs 223 crore, up 35% YoY and net profit of Rs 124 crore, up 34% YoY. This the company …
Rakesh Jhunjhunwala-owned Federal Bank stock could be gearing up for a 13% rally in just three months, analysts at ICICI Direct said in a report. The brokerage firm has picked the banking sector stock as their quant pick, backed by derivative and quantitative data. Federal Bank’s share price is up 26% so far this year …
As is rightly said, the stock market of any country is the barometer of its economic growth, the story for India is no different. As we celebrate the 75th year of independence, a look back at Sensex narrates the tale of how India has grown from strength to strength. Started in 1986 on the BSE, …
By Vishwas Panjiar The world at large is grappling with the ongoing Covid -19 pandemic. While it may not be possible to gauge the human toll and economic fallout at this point, it is amply clear that China is fast losing its stronghold as the global factory owing to the trust deficit that exists today between …