Titan’s stocks reached a 52-week high of Rs 3,415 on Wednesday’s trading session, leading the company’s market capitalisation to Rs 3 lakh crore. The stock opened at Rs 3,400 and extended its last day gains to more than 0.75 per cent. Titan reached a market value of Rs 1 lakh crore for the first time […]
Gold prices in Pakistan surged by Pakistani rupee PKR 2,000 per tola on Wednesday, ARY News reported. ARY News is a Pakistani news channel. All Pakistan Gems and Jewellers Association (APGJA) said the price of 24-karat gold per tola increased by PKR 2,000 to settle at PKR 214,800 per tola. As per APGJA, after a […]
Delta Corp disclosed in a regulatory filing on 14 October that it has received further notifications concerning alleged Goods and Services Tax (GST) shortfalls, amounting to a total of Rs 6,384 crore. The claims within these notices are primarily calculated based on the overall wagering value of all games played during the relevant period. “The […]
Ethnic clothing retailer Sai Silks (Kalamandir) announced on Monday that it has raised more than Rs 360 crore from anchor investors, days before the start of its Initial Public Offering (IPO). According to a circular posted on the BSE website, the company has allocated 1.63 crore equity shares to 26 funds at Rs 222 a […]
Zomato shares rose sharply for the second straight day after the company reported its first-ever quarterly profit. Shares of the food aggregator and delivery company Zomato soared 10 per cent on Friday and about 5 per cent today. At the time of writing this report, Zomato shares were trading 5 per cent higher at Rs […]
Mahindra & Mahindra (M&M), a diversified conglomerate with interests in automotive, technology services, and non-bank lending, has decided to venture into the formal banking sector. To achieve this, M&M is purchasing nearly 10 per cent of RBL Bank, a private-sector lender. Presently, M&M already owns 3.5 per cent of the bank, acquired through secondary market […]
Toothpaste maker Colgate-Palmolive (India)’s quarterly profit rose 30.5 per cent on Wednesday, aided by improved domestic demand. Net profit rose to Rs 274 crore for the quarter ended 30 June compared to Rs 210 crore a year earlier. Steady rural demand pick-up and some ease in domestic retail inflation helped Indian consumer goods companies log […]
