India Emerges as the Largest Market for Sub-$100 Million IPO
India has achieved a significant milestone, becoming the world’s largest market for sub-$100 million initial public offerings (IPOs) in the current year. According to Bloomberg’s data, India has witnessed an impressive count of 92 such listings to date.
Lloyd Steel Share Price Soars 17% on Strong Q1 Results
Lloyd Steels Industries Limited (LSIL) witnessed a remarkable surge of 17% in its share price on Monday following the announcement of robust first-quarter results. The company’s net profit for the quarter ended June 2023 recorded a staggering Rs 12.3 crore, indicating an astounding 120% increase compared to the corresponding period last year. Additionally, the company’s revenue for the quarter experienced a substantial growth of 50%, reaching Rs 100 crore.
No-Confidence Motion Against Maharashtra Govt: July 30
The political landscape in Maharashtra is gearing up for a potential upheaval as the opposition plans to initiate a no-confidence motion against the Maha Vikas Aghadi (MVA) government on July 30. The motion is expected to be spearheaded by the Bharatiya Janata Party (BJP), the primary opposition party in the state.
NIA Detains Pune Doctor Sheltering ISIS
The National Investigation Agency (NIA) took a major step in its pursuit of justice when it apprehended a medical practitioner in Pune for his alleged involvement with the ISIS Maharashtra module. On Wednesday, the NIA arrested Adnanali Sarkar from Kondhwa, making him the fifth person to be apprehended in this particular case.
Netflix Ends Password Sharing in India: A Global Crackdown
Netflix has taken a significant step by putting an end to password sharing in India, restricting account access to members within a single household. This move is part of a larger global initiative announced by Netflix in May to crackdown on password sharing.
Flipkart Teases Free ‘Plus Premium’ Membership
Flipkart, India’s leading e-commerce marketplace, has created excitement among its users by releasing a teaser for its upcoming membership program called ‘Plus Premium’. Although the teaser keeps the details under wraps, it reveals that the program will be accessible to all Flipkart users without any charge.
Sonata Software Launches Harmoni.AI, Shares Jump
Sonata Software, a prominent provider of digital transformation solutions, recently introduced Harmoni.AI, an advanced artificial intelligence (AI) and machine learning (ML) platform. This landmark launch, announced on July 25, 2023, triggered an impressive 15% surge in the company’s shares during the subsequent trading session.
Canara Bank Expects Strong NIM and Credit Growth
Canara Bank, one of India’s largest public sector banks, remains optimistic about its financial performance in the current financial year, with a focus on managing its net interest margin (NIM) at around 3%. The bank’s Managing Director, L V Prabhakar, expressed confidence in achieving its credit growth target of 12-14%, despite the obstacles posed by the ongoing pandemic.
A Freedom Fighter’s Widow Burnt Alive in Manipur Villages, Says FIR: Incident Sparks Outrage and Calls for Justice
The police in Manipur have taken action after a tragic incident occurred on Saturday, July 22, 2023. A 70-year-old woman, Th. Ibemhal Devi, who was the widow of a freedom fighter, was burnt alive in a village in Manipur. The shocking act was carried out by a group of men who stormed into her house and set it on fire, leaving the community in grief and outrage.
Adani: Bain to Acquire NBFC for Rs 1,500 Crore
Bain Capital, a prominent global private equity firm, is poised to acquire Adani Capital, the financial services arm of the Adani Group, in a deal worth Rs 1,500 crore. With the acquisition expected to conclude in the coming months, Bain Capital will secure a majority stake in Adani Capital, solidifying its presence in the Indian financial services landscape.