Indian Railway Catering and Tourism Corporation (IRCTC) has posted a net profit of Rs 300 crore for the December quarter of FY24, marking a 17.4 percent increase from Rs 255.5 crore in the corresponding period last year. According to a regulatory filing on February 13, the company reported a revenue surge of 21.8 percent year-on-year […]
Four independent directors of Binny Ltd have resolved their issues with the market regulator, without admitting or denying the findings outlined in showcause notices served to each of them. Collectively, they have paid over Rs 42 lakh as settlement fees. Three of the directors—Justice (Retd.) S Jagadeesan, T Manisriram, and Dr DVR Prakash Rao—have each […]
The Entero Healthcare Solutions IPO concluded with investors subscribing 1.53 times the shares on offer on its final day, with strong participation from qualified institutional buyers (QIBs) and retail investors. According to subscription data available on the NSE, 1.09 crore shares were subscribed against the 71.50 lakh shares reserved for the IPO. The QIB portion […]
Zee Entertainment Enterprises Ltd (ZEEL) provided an update on the status of the $10-billion merger that was terminated by Sony Group’s Indian arm, shedding light on its potential impact on the media firm. Sony terminated the merger agreement with ZEEL last month, which aimed to merge its two Indian entities, Culver Max Entertainment (previously known […]
According to a government official, India’s procurement of Russian oil is anticipated to become costlier as shipments from Moscow are opting for a longer route via the Cape of Good Hope to circumvent attacks on commercial vessels along the Red Sea route. The redirection of shipments through the Cape of Good Hope, located at the […]
Television broadcaster Zee Entertainment disclosed a 140 percent rise in profit to Rs 58.5 crore during the December quarter of FY24, compared to Rs 24.32 crore in the corresponding period of the previous year. The company also recorded a 15 percent uptick in income to Rs 223 crore, up from Rs 194 crore in Q3 […]
Masayoshi Son net worth has surged by approximately $3.8 billion this year, driven by the soaring stock price of Arm Holdings Plc, which has bolstered the value of his holdings in SoftBank Group Corp. This rapid increase places the Japanese billionaire among the top 30 gainers among the world’s 500 richest individuals tracked by the […]
On February 13, Wipro, an information technology services firm, announced its acquisition of insurtech company Aggne Global Inc. and its affiliate Aggne Global IT Services, based in Hyderabad, for $66 million. In an all-cash deal, Wipro will initially acquire 60 percent of the company, with an option to purchase the remaining stake gradually. According to […]
The Reserve Bank of India (RBI) announced on February 13 its plan to conduct a two-day variable rate repo auction amounting to Rs 25,000 crore, scheduled for February 14. “In light of current liquidity conditions and their ongoing evolution, the RBI has opted to hold a Variable Rate Repo (VRR) auction on February 14,” stated […]
State-owned fuel retailer Bharat Petroleum Corporation Limited (BPCL) is reportedly planning to offer approximately 8 million shares through a block deal, according to sources cited by CNBC Awaaz on February 13. The anticipated block deal is expected to be valued between Rs 450 crore and Rs 500 crore. Sources mentioned that BPCL Trust for Investment […]