JSW Cement, part of Sajjan Jindal’s JSW Group, has filed its draft red herring prospectus (DRHP) with capital markets regulator Sebi to raise funds through an IPO worth Rs 4,000 crore. The issue comprises a fresh equity sale of Rs 2,000 crore and an offer for sale (OFS) of Rs 2,000 crore. Under the OFS, … Read more
NEW DELHI: SpiceJet, which is trying to raise funds, on Wednesday reported a profit of Rs 150 crore for the quarter ending June 2024, down about 26% from Rs 204.5 crore in same quarter last fiscal. The airline’s scrip closed 2.5% lower on BSE Wednesday at Rs 55.03, when the broader market was up 0.19%. … Read more
Hero MotoCorp on Tuesday reported a standalone net profit of Rs 1,123 crore for the quarter ended June 30, 2024 which was up by 36% from Rs 825 crore posted by the two-wheeler maker in the year ago period. The revenue from operation for the reporting quarter stood at Rs 10,144 crore, which was up … Read more
Leading hospital chain Apollo Hospitals reported 83% growth in its consolidated net profit at Rs 305 crore for the first quarter ended June 2024. It was Rs 167 crore in the year-ago period. Revenue from operations in the reporting period increased 15% year-on-year to Rs 5,086 crore as against Rs 4,418 crore in the last … Read more
Shares of Apollo Hospitals rallied 3.4% in Friday’s early trade to the day’s high of Rs 5,955 after the company reported a 77% year-on-year (YoY) jump in its net profit. The company’s revenue from operations in the January-March 2024 period increased 15% YoY to Rs 4,944 crore and the board of directors have also recommended … Read more
Hero FinCorp, a subsidiary of Hero MotoCorp, will raise funds through an initial public offering (IPO), which will comprise a fresh issue of shares worth up to Rs 4,000 crore and an offer for sale by certain existing and eligible shareholders. “This is to inform you that the Board of Directors of the Company in … Read more
Mumbai: Life Insurance Corp. of India (LIC), the country’s biggest insurer, reported a 2.5% increase in net profit to ₹13,762 crore for the March quarter, with wage increases accounted for in the period preventing further expansion in the bottom line. The insurer reported profit of ₹13,421 crore in the same period last year. The solvency … Read more
Ashok Leyland shares zoomed nearly 6% on BSE today to their new all-time high of Rs 222.80 after reporting a 20% year-on-year (YoY) increase in its Q4 net profit at Rs 900.41 crore. Revenues from operations in the quarter under review stood at Rs 11,266.69 crore as compared to Rs 11,625.67 crore in the year-ago … Read more
Adani Enterprises. Share Price 3387.30 03:59 PM | 23 May 2024 246.36(7.85%) Adani Ports & Special Economic Zone. Share Price 1443.35 03:59 PM | 23 May 2024 65.15(4.73%) Larsen & Toubro. Share Price 3585.40 03:59 PM | 23 May 2024 124.56(3.60%) Mahindra & Mahindra. Share Price 2609.20 03:59 PM | 23 May 2024 88.15(3.50%) Axis … Read more
NEW DELHI: In a first for Indian airlines, IndiGo clocked nearly $1 billion in annual profit last fiscal. The airline is also planning to get comfortable for premium passengers by introducing a “tailor-made” business class on “India’s busiest and business” routes by the year-end — a major evolution in its 18-year-old no frills policy.The Rahul … Read more