Global brokerage firm Jefferies has reiterated its “Buy” rating on Paytm (One 97 Communications Ltd), stating that the company’s growth engine and profitability will remain intact despite regulatory action on…
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Gujarat Cotex to raise ₹43 cr via rights issue
Gujarat Cotex, a diversified textiles, real estate, hospitality and agro commodity trading company, plans to raise ₹43 crore through a rights issue to fund its expansion plans. The rights issue…
Sigma Advanced Systems inks pact with Rolls-Royce to supply components for aerospace programs
Sigma Advanced Systems has signed a seven-year long-term agreement with Rolls-Royce valued at ₹3,800 crore to supply a wide portfolio of high-precision-engineered, safety-critical components and assemblies for Rolls-Royce’s aerospace programs. …
Shriram Finance shares fall nearly 5% despite strong Q4 profit growth
Shares of declined nearly 5 per cent on Monday, even as the non-banking finance company reported a sharp rise in fourth quarter earnings, highlighting investor concerns around asset quality and…
Bulk LPG transporters for Indian Oil Corporation halt loading in south, allege ₹50 crore dues to them
Loading of bulk LPG for (IOC) from multiple refineries to bottling plants across southern India was disrupted on Monday morning after transport operators halted operations, citing long-pending payments and unsettled…
Acko lines up ICICI Sec, Kotak, Morgan Stanley for $2 billion IPO
Acko General Insurance Ltd has appointed investment banks for an initial public offering in India that could value the startup at up to $2 billion, according to three people familiar…
Mapping the fallout: Which Indian sectors face risks from the West Asia war?
Two months into the West Asia war, a conflict that triggered the world’s greatest energy crisis, second- and third-order effects are surfacing everywhere, from falling fertilizer output and shortage of…
Sun-Organon buyout shows Indian Pharma’s big hunger for overseas M&As — Here’s a list of other major deals
Indian drug companies are increasingly looking overseas for growth, with acquisitions picking up and set to rise further as they seek to move beyond their reliance on generics and build…
Gold, silver prices today: Check retail rates of 24K, 22K gold, 999 silver on 27 April in Delhi, Mumbai, Pune, others
Gold and Silver price today on 27 April: Gold traded lower on the MCX this morning amid profit booking, as investors’ focus remained on progress in US-Iran peace talks, while…
Emerging stocks rise to record high on AI, Iran’s Hormuz offer
Emerging-market equities rose to a record high, buoyed by optimism over the artificial intelligence trade and a report that Iran offered a new proposal to reopen the Strait of Hormuz.…