The breakneck expansion by the ports-to-power conglomerate has added both financial complexity and leverage to the business.
The combination of fundamental and technical factors would keep the stock range bound despite improved operating performance and reasonable valuations
Toyota Innova Hycross had its global premiere last week in Indonesia. It is the first Innova model to ditch the diesel engine in favour of a petrol-hybrid powertrain.
A large chunk of this money is going to be funnelled into introducing a new platform in the country.
CTPL provides end-to-end technology support to educational institutes and platforms at various levels.
Why are boards in India reluctant to sack a misfiring CEO? Partly, it is to do with the comfortable relationship that most members enjoy with the CEO of the company stemming from past relationships which are often the reason they are drafted in
Funds appreciate the better regulatory framework, growth in India and commitment to the climate change requirement for the net-zero carbon policy, Rahul Mody, managing director and co-head of investment banking at Ambit, said in a Bloomberg Television interview on Friday.
This makes Gujarat the first state to get 5G service across all district headquarters and it is also the biggest roll-out of the next generation service till date on trial basis.
The company, which on Friday unveiled Innova Hycross -- the new hybrid version of its popular multi-purpose vehicle Innova -- also expects full capacity utilisation at its two manufacturing units in Bengaluru by the middle of next year.
FY24 will be huge once the merger with INOX goes through, says joint MD Sanjeev Bijli
The government is looking to sell a tranche of its stake via the offer-for-sale (OFS) mechanism.
As the revenue numbers show, it is irrelevant how a company identifies itself. It can be a social media platform, a search engine or even a shopping website – as long as it offers content that brings in and holds audience interest, advertisers will follow
It is not clear whether Bisleri Chairman Ramesh Chauhan will retain some stake. Reports say deal could be worth about Rs 7,000 crore. Succession planning seems to be the reason for Bisleri. TCPL stands to gain nearly 130 co-packers, and over 5,000 distributors.
The cinemas, which will be opened to the public from December 5, was formally inaugurated jointly by the Chairman and Managing Director of PVR Limited, Ajay Bijli, Chairman and Managing Director of LuLu Group International, M A Yusuff Ali and the Joint Managing Director of PVR Limited, Sanjeev Kumar Bijli, on Thursday evening.
An equity injection of this size is expected to help the conglomerate deleverage and Bloomberg Intelligence sees a successful equity raise across the group supporting the companies’ dollar bonds.
Inox Green Energy Services dropped below its IPO price on its listing debut. Others such as ReNew Energy and Sterling and Wilson too have delivered a disappointing performance since listing
Some companies are seen rigging stock prices by exploiting the absence of timeline for issue of bonus shares.
When asked on the competition level between Fino Payments Bank and Capri Global Holdings, Ketan Merchant added that there was no competition between the two as both are mutually exclusive businesses.
The Amazon Academy platform, launched early last year amid a boom in virtual learning during the COVID-19 pandemic, offered coaching for competitive exams including Joint Entrance Examination (JEE), which allows entry into top engineering colleges across India.
According to the US Food and Drug Administration (USFDA) definition, Official Action Indicated (OAI) means "objectionable conditions were found and regulatory administrative sanctions by FDA are indicated" during inspections.
While both the companies did not disclose the corpus, sources aware of the development said that the commitment is in the range of USD 35-40 million (about Rs 286-326 crore).
The company has introduced Ramiven in strengths of 50 mg, 100 mg, 150 mg and 200 mg, for treating early breast cancer (EBC).
The country is also the best placed "superpower" that can leverage the opportunity arising out of the tension between the Western world (US and Europe) and China, he said here in an interaction.
Keen to finish the project as early as possible, the state government has appealed to the church authorities to end the protest as it was crucial for bringing changes to the industrial and economic sector of the country.
Going ahead, investment in new initiatives would restrict margin improvement and we expect Nykaa’s EBITDA margins in FY23 to remain below the FY21 levels. The fashion business is expected to remain loss-making at the EBIDTA level in the near term