According to a regulatory filing, the board of food delivery startup Zomato Ltd. will take qualified institutions placement (QIP) funding under consideration on October 22. Zomato’s BSE shares ended trading 1.4% lower at Rs 270.3 a share on October 17. Zomato has also announced that on October 22, its board will accept the results of…
The primary market debut of Usha Financial Services, an NBFC, is scheduled for next week. On Thursday, October 24, the public offer of ₹98.45 crore will go on sale. It will end on Monday, October 28. The pricing range for Usha Financial Services’ initial public offering (IPO) is set at ₹160 to ₹168 per share….
Danish Power Limited intends to raise about INR 197.90 crore with a fresh offering of 52,08,000 shares. The IPO is scheduled to open from 22 October to 24 October 2024, with an issue price range of INR 360 to 380 per share. Keep checking for updates on the Danish Power IPO’s GMP, subscription status, and…
One of the oldest stock exchanges in Asia, the Bombay Stock Exchange (BSE), had its shares drop 7% during intraday trade on Wednesday, October 16, to ₹4,419 per. The stock saw a decrease after a downgrade by international broking Jefferies, which downgraded the stock from ‘hold’ to ‘underperform,’ citing an unattractive risk-reward profile shortly after….
After the Maharashtra Housing and Area Development Authority (MHADA) announced a new contract for ₹79 crore, shares of RailTel Corporation of India jumped 10% intraday on Wednesday to ₹449 per share. The order entails MHADA’s establishment, migration, and management of a cloud-based data centre and disaster recovery site. This is the third-order victory for RailTel…
Asia’s stocks increased following Wall Street’s positive close, propelled by a shift away from megacap tech and into economically sensitive stocks, such as smaller businesses. Australia’s and Japan’s stocks increased. As investors consider support measures for the nation’s second-largest economy, an index of Chinese companies listed in the US increased by about 1% on Wednesday,…
Thursday’s spotlight is on shares of two-wheeler giant Bajaj Auto after the company’s Q2FY25 earnings came in slightly under Street projections. The business said on Wednesday that its standalone net profit for the quarter that ended in September 2024 was Rs 2,005 crore. Over the Rs 1,836 crore recorded in the same period last year,…
In early trading on Thursday, October 17, Axis Bank’s share price decreased by around 1.60 per cent ahead of its results for the July-September quarter (Q2). The big financial company’s shares began trading at ₹1,152.95, down 1.6% from its previous close of ₹1,152.25. At 10:25 am, the stock saw a 1.5% decrease in value, closing…
On Wednesday, October 16, shares of the Bombay Stock Exchange (BSE), one of the oldest stock exchanges in Asia, dropped 7% during intraday trade to ₹4,419 a share. The stock saw a decrease after a downgrading by international broking Jefferies, which downgraded the stock from ‘hold’ to ‘underperform,’ citing an adverse risk-reward profile going forward….
Nestle India’s preview of Q2 results: On Thursday, October 17, 2024, Nestle India, the company that makes Maggi and KitKats, is scheduled to release its quarterly results for the July–September period (Q2FY25). The fast-moving consumer goods (FMCG) giant’s adjusted profit is predicted to rise by 7 to 8% to Rs 876 crore from Rs 805.5…