Syrma SGS Technology’s Rs 840-crore IPO will open for subscription on 12 August, Friday. This electronic manufacturing services firm’s IPO ends two-and-a-half months of the gap in the initial public offering (IPO) market. The company has fixed a price band at Rs 209-220 per share. The public issue will close for subscription on 18 August. …
With almost two months of coronavirus lockdown restrictions, Indian share market has been impacted adversely due to economic fallout. The headline indices BSE Sensex and Nifty 50 have been witnessing a bumpy ride since the COVID-19 spread its wings. The 30-share Sensex hit a record high of 42, 274 during the start of the year …
The Securities and Exchange Board of India (Sebi) has initiated a forensic audit into the financial statements of beleaguered Future Retail (FRL) and Future Supply Chain Solutions (FSC) over concerns of improper disclosure of financial information. The markets regulator has also appointed Chokshi & Chokshi LLP, a chartered accountant firm, as the forensic auditor, two …
Samsung has finally launched its latest Apple AirTag rival and successor to its SmartTag, SmartTag 2, in India. The company says that the Galaxy SmartTag 2 is better than the old one because it has a faster brain, making it more useful for keeping an eye on your stuff. It’s small, compact and capable of …
Domestic equity market benchmarks BSE Sensex and NSE Nifty 50 were likely to start in red on Tuesday, as suggested by trends on SGX Nifty in early trade. SGX Nifty 50 Index Futures for August were trading in the red, down 0.44 per cent or 76.50 points down at 17,316.50 on Singaporean Exchange. In the …
Oil slipped before an OPEC+ meeting as traders wait to see whether the group will heed a US call to boost supply. West Texas Intermediate fell below $94 a barrel in early Asian trading after ending marginally higher on Tuesday. The Organization of Petroleum Exporting Countries and its allies convene virtually later Wednesday, and a …
FSN E-Commerce Ventures (Nykaa) reported a good performance with sustained growth (Q1FY23 GMV up 47% y-o-y/20% q-o-q) being the highlight in the backdrop of uncertain consumer sentiment and physical retail surge. While flat unique visitor trends have reversed in BPC, they persist in Fashion (last four quarters)—though conversions are driving order growth and AOV/private label …
Bhavan’s S P Jain Institute of Management and Research (SPJIMR) launches the Graduate Certificate Programme in Entrepreneurship (GCPE). The programme offered by SPJIMR’s Centre for Family Business and Entrepreneurship (CFBE), aims to promote the entrepreneurial spirit among young graduates and undergraduates, according to the press release. GCPE aims to focus on nurturing a diverse skill …
HDFC’s core lending franchise is currently valued at 1.3x FY24e BVPS (adjusted for the value of its subsidiaries). The lending business of HDFC generates a core RoE of 12-13%. Impediments to an improvement in the core RoE are (i) incremental loan growth being driven by the individual segment, which is a low spread business; (ii) …
Indian Railways is working tirelessly to improve its connectivity across the country. It has undertaken several projects including laying of new railway tracks, doubling of lines, electrification, redevelopment of stations, construction of ROBs, launching of new trains etc. In this context, the Ahiran-Sujnipara doubling project of West Bengal deserves special mention. The Ahiran-Sujnipara rail project …