MobiKwik Files DRHP For Rs 1,900 crore IPO – Top Indian Market News MobiKwik files DRHP for Rs 1,900 crore IPO Digital payments firm MobiKwik has filed a Draft Red Herring Prospectus (DRHP) with market regulator SEBI to raise Rs 1,900 crore via an initial public offering (IPO). The IPO consists of a fresh issue of shares worth Rs 1,500 crore and an offer for sale (OFS) of […] Written by Cherian Varghese July 12, 2021July 12, 2021
Zomato Gains 20% in Grey Market Before IPO – Top Indian Market News Zomato grey market premium hits 20%, Info Edge slashes OFS by half Zomato, a food delivery aggregator, has reportedly hit 20% in the grey market according to sources trading in unlisted shares. This comes in light of investor excitement after SEBI approved Zomato’s IPO plans to raise Rs 8,250 crores. Info Edge, a key shareholder, […] Written by Maarg Vaidya July 6, 2021July 6, 2021
Ashok Leyland to Set Up ‘Mother EV’ Plant in India – Top Indian Market News Ashok Leyland to set up ‘mother EV’ plant in India Ashok Leyland Ltd has announced plans to set up a ‘mother plant’ in India under its UK-based subsidiary Switch for its electric vehicle (EV) business. Switch UK will set up an Indian entity, which in turn will establish the plant. Ashok Leyland’s entire EV business […] Written by Cherian Varghese June 26, 2021June 26, 2021
HDFC Bank to Acquire 4.99% Stake in HDFC ERGO – Top Indian Market News HDFC Bank to acquire 4.99% stake in HDFC ERGO HDFC Bank Ltd will acquire a 4.99% stake (or 3.56 crore shares) in HDFC ERGO General Insurance Co. from its parent company Housing Development Finance Corp. Ltd (HDFC). The Board of Directors of HDFC Limited has approved the sale of these shares at Rs 536 per […] Written by Cherian Varghese June 19, 2021June 19, 2021
Jubilant Foodworks Reports 395% YoY Jump in Net Profit in Q4 – Top Indian Market News Jubilant Foodworks Q4 Results: Net profit jumps 395% YoY to Rs 104.3 crore Jubilant Foodworks Ltd reported a 395.5% YoY jump in net profit to Rs 104.3 crore for the quarter ended March (Q4). Its revenue from operations rose 14.3% YoY to Rs 1025.9 crore during the same period. Earnings before Interest, Tax, Depreciation & […] Written by Cherian Varghese June 15, 2021June 16, 2021
Vedanta Reports 95% QoQ Rise in Net Profit in Q4 – Top Indian Market News Vedanta Q4 Results: Net profit rises 95% QoQ to Rs 6,432 crore Vedanta Limited reported a 95% quarter-on-quarter (QoQ) increase in net profit to Rs 6,432 crore for the quarter ended March (Q4). Its net sales rose 24% QoQ to Rs 28,206 crore during the same period. This revenue growth was aided by a rise […] Written by Cherian Varghese May 13, 2021May 14, 2021
Bandhan Bank Reports 80% YoY Fall in Net Profit in Q4 – Top Indian Market News Bandhan Bank Q4 Results: Net profit declines 80% YoY to Rs 103 crore Bandhan Bank reported an 80% YoY decline in net profit to Rs 103 crore for the quarter ended March (Q4). Net interest income (NII) rose 4.6% YoY to Rs 1,757 crore during the same period. [NII is the interest income a bank […] Written by Cherian Varghese May 8, 2021May 8, 2021
Zydus Cadila’s ‘Virafin’ Gets DCGI Approval – Top Indian Market News Zydus Cadila’s ‘Virafin’ gets DCGI approval for treatment of moderate Covid-19 cases Zydus Cadila announced that it has received restricted emergency use approval from the Drugs Controller General of India (DCGI) to use antiviral drug ‘Virafin’ (Pegylated Interferon alpha-2b) for the treatment of moderate Covid-19 infections. Virafin will help Covid-19 patients recover faster and avoid […] Written by Cherian Varghese April 23, 2021April 23, 2021
ICICI Securities’ Net Profit Jumps Two-Fold in Q4 – Top Indian Market News ICICI Securities Q4 Results: Net profit jumps two-fold to Rs 329 crore ICICI Securities Limited reported over a two-fold year-on-year (YoY) increase in net profit to Rs 329 crore for the quarter ended March (Q4). Its revenue jumped 53% YoY to Rs 739 crore during the same period. The revenue growth was supported by a […] Written by Cherian Varghese April 21, 2021April 21, 2021
Covid-19 Second Wave Poses Increased Risk For India’s Economic Recovery: Top Indian Market News Covid-19 Second Wave Poses Increased Risk For India’s Economic Recovery: Fitch Credit rating agency Fitch on Friday said that the second wave of COVID-19 currently soaring in India poses an increased risk for its economic recovery. It cited concerns regarding the MSME sector and the Banking Sector, both of which are still recovering from the […] Written by Maarg Vaidya April 9, 2021April 9, 2021
SEBI Imposes Rs 25 crore fine on Ambani and Family- Top Indian Market News SEBI imposes Rs 25 crore fine on Ambani and Family Market regulator SEBI or Securities and Exchange Board of India has imposed a Rs 25 crore fine on Mukesh Ambani, Anil Ambani, Nita Ambani, Tina Ambani, KD Ambani, and other family members, in a case dating 20 years back. According to SEBI guidelines, any promoter […] Written by Maarg Vaidya April 8, 2021April 8, 2021
Tata Power to Develop 60 MW Solar Project in Gujarat – Top Indian Market News Tata Power receives order to develop 60 MW solar project in Gujarat Tata Power Limited has secured an order to develop a 60 megawatt (MW) solar project for Gujarat Urja Vikas Nigam Ltd (GUVNL). The energy will be supplied to GUVNL under a power purchase agreement (PPA), which is valid for 25 years from the […] Written by Cherian Varghese March 30, 2021March 30, 2021
