Canara Bank share price: Canara Bank’s Q4 results met expectations from the market. Despite a rise in the cost of funds, the net interest margin (NIM) for the quarter expanded slightly. This was attributed to the bank’s ongoing efforts to adjust its exposure to older, low-yielding corporate assets, either by renewing them at current rates…
Aadhar Housing Finance IPO Day 2: On the second day of bidding, the initial public offering (IPO) of Aadhar Housing Finance, backed by Blackstone, garnered a subscription rate of 62 percent. Investors enthusiastically placed bids for 4.32 crore equity shares, despite the offering comprising only 7 crore equity shares. This substantial interest signals a promising…
Aadhar Housing Finance IPO: The housing finance firm, supported by Blackrock, is presenting its shares within a price range of Rs 300 to Rs 315 per share. In short The Aadhar Housing Finance IPO has commenced to raise Rs 3,000 crore. The shares are available at a price range of Rs 300 to Rs 315…
TBO Tek Limited IPO: Today marks the opening of the initial public offering (IPO) for TBO Tek Limited, aiming to raise Rs 1,550.81 crore. Interested investors have until May 10 to subscribe to the issue, with bidding starting at 16 shares per lot and in multiples thereafter. The IPO’s price range is set at Rs…
Indegene IPO: Indegene’s IPO has received a robust response from investors, particularly high net-worth individuals (HNIs), with subscriptions reaching 1.67 times within the first two days of bidding. This surge in interest spans across all investor categories, signaling a strong market appetite. Priced between Rs 430 to Rs 452 per share, Indegene aims to raise…
JSW Infra, the ports arm of the Sajjan Jindal-led JSW Group, has announced an 8.9% surge in consolidated net profit, reaching Rs 329.08 crore for the quarter ending March. This notable upswing is primarily attributed to the increased volumes of cargo handled during this period. According to a statement released by the company, it had…
Kotak Mahindra Bank Q4 results: Kotak Mahindra Bank announced a net profit of Rs 4,133 crore for the January-March quarter of the fiscal year 2023-24, marking an 18 percent increase from the Rs 3,496 crore reported in the same quarter of the previous year. – The bank’s net interest income reached Rs 6,909 crore, reflecting…
Coforge share price: Coforge Ltd witnessed a decline of up to 10 percent in its shares, dropping to ₹4505.25 on May 3. This followed the company’s release of its quarterly earnings for the March 2024 quarter, along with its dividend declaration and acquisition intentions regarding Cigniti Technologies. Coforge Q4 results Coforge disclosed a consolidated net…
Federal Bank shares: Federal Bank reported nearly flat profits for the March quarter due to provisions for wage hikes, but analysts noted that the overall performance exceeded expectations. They highlighted the unchanged net interest margin (NIM) and minimal credit costs as positive factors. Looking ahead, analysts are closely monitoring the upcoming replacement of current MD…
Varun Sridhar: Paytm Money, a subsidiary of One97 Communications, is expected to name Rakesh Singh, former CEO of Fisdom’s broking division, as its new CEO following Varun Sridhar’s resignation. This information comes from two sources. The official appointment of Rakesh Singh awaits a board meeting, which is likely to occur within a week, according to…
