Corporates

Digit Insurance Aims To Raise $500 Million Via Public Offer: Report

Digit Insurance Aims To Raise $500 Million Via Public Offer: Report

Reuters | Wednesday May 25, 2022, MUMBAI

India's Digit Insurance, backed by Canadian billionaire Prem Watsa's Fairfax Group, is considering raising about $500 million in an IPO

Bank of India March Quarter Profit Soars 142% To Rs 606 Crore

Bank of India March Quarter Profit Soars 142% To Rs 606 Crore

Press Trust of India | Tuesday May 24, 2022, Mumbai

Bank of India on Tuesday reported a 142.31 per cent rise in standalone profit after tax at Rs 606 crore in the quarter ended March 2022

eMudhra IPO Subscribed 2.72 Times On Last Day Of Issue

eMudhra IPO Subscribed 2.72 Times On Last Day Of Issue

Press Trust of India | Tuesday May 24, 2022, New Delhi

The initial public offer (IPO) of digital signature certificate provider eMudhra was subscribed 2.72 times on the last day of subscription

Aether Industries IPO Subscribed 33% On First Day Of Issue

Aether Industries IPO Subscribed 33% On First Day Of Issue

Press Trust of India | Tuesday May 24, 2022, New Delhi

The initial share sale of speciality chemicals company Aether Industries received 33 per cent subscription on the first day of offer

Grasim Industries March Quarter Profit Soars 55% To Rs 4,070 Crore

Grasim Industries March Quarter Profit Soars 55% To Rs 4,070 Crore

Press Trust of India | Tuesday May 24, 2022, New Delhi

Grasim Industries Ltd on Tuesday reported a 55.56 per cent increase in its consolidated net profit at Rs 4,070.46 crore for the fourth quarter

India Emerges On Top For Most Trust In Domestic Companies: Report

India Emerges On Top For Most Trust In Domestic Companies: Report

Press Trust of India | Tuesday May 24, 2022, Davos

Indian companies have emerged as the most trusted by the domestic population, followed by China, Canada, the US and the UK, according to a new study

OYO To Come Out With Public Offer After September

OYO To Come Out With Public Offer After September

Press Trust of India | Tuesday May 24, 2022, New Delhi

OYO is looking to launch its IPO after September and has written to stock market regulator Securities and Exchange Board of India

LIC's Board To Consider Dividend Payment, Financial Results On May 30

LIC's Board To Consider Dividend Payment, Financial Results On May 30

Edited by Animesh Singh | Tuesday May 24, 2022

Life Insurance Corporation of India (LIC) will consider payment of dividend during its board meeting, which is scheduled to be held on May 30

Steel Giant SAIL Posts 28% Drop In Q4 Profit On Higher Expenses

Steel Giant SAIL Posts 28% Drop In Q4 Profit On Higher Expenses

Press Trust of India | Tuesday May 24, 2022, New Delhi

Steel giant SAIL has reported a 28 per cent fall in its consolidated net profit to Rs 2,478.82 crore for the fourth quarter ended March 2022, mainly on account of higher expenses.

Zomato's March Quarter Loss Widens On Rising Expenses

Zomato's March Quarter Loss Widens On Rising Expenses

Reuters | Monday May 23, 2022, BENGALURU

The company's consolidated net loss widened to Rs 360 crore for the three months ended March 31, 2022 from Rs 131 crore a year earlier

Akasa Air Expects First Aircraft Next Month

Akasa Air Expects First Aircraft Next Month

Press Trust of India | Monday May 23, 2022, Mumbai

Rakesh Jhunjhunwala-backed Akasa Air in a release also said that it is on track to launch its commercial operations by July

Post Fuel Excise Duty Cut Reliance-BP Joint Venture Says Operations Unsustainable

Post Fuel Excise Duty Cut Reliance-BP Joint Venture Says Operations Unsustainable

Press Trust of India | Monday May 23, 2022, New Delhi

RBML - the joint venture of Reliance Industries Ltd and BP - has told Government that fuel retailing for private sector has become unsustainable

Chipmaker Broadcom In Talks To Buy Cloud Company VMware: Report

Chipmaker Broadcom In Talks To Buy Cloud Company VMware: Report

Reuters | Monday May 23, 2022

Chipmaker Broadcom Inc is in talks to acquire cloud service provider VMware Inc, people familiar with the matter told Reuters.

Amazon Accuses Future Group's Independent Directors Of Fraudulent Strategy

Amazon Accuses Future Group's Independent Directors Of Fraudulent Strategy

Press Trust of India | Sunday May 22, 2022, New Delhi

Amazon has accused independent directors of Future Retail of facilitating "fraudulent stratagem" of transfer of 835 stores to Reliance group

Paytm Payments Bank Hopes RBI To Lift Curbs On Taking New Customers Soon

Paytm Payments Bank Hopes RBI To Lift Curbs On Taking New Customers Soon

Reuters | Sunday May 22, 2022, MUMBAI

Paytm Payments Bank expects the central bank to allow it to resume taking on new customers in the next few months