Market News
Stay updated with the latest market trends, earnings, and economic indicators.
IRFC OFS opens for retail investors today — All you need to know
The government's divestment drive continues to gain momentum as the IRFC stake sale comes after the recent OFS' in Coal India, Central Bank of India, NLC India, NHPC and General Insurance Corporation of India (GIC).
Retail players can skip GIC Re's OFS: Analysts
Retail investors are advised to skip the government's offer for sale in General Insurance Corp of India. Analysts point to ongoing profitability challenges and headwinds in the reinsurance sector. The company's reliance on its investment portfolio for profits is a key concern. Despite a discount, the offer faces scrutiny.
Q4 Result Live Updates: ONGC, IRCTC, Gujarat Gas And Siemens To Report Earnings Today
ONGC, Siemens, General Insurance Corporation of India and IRCTC among the companies to report earnings today.
Reliance on non-core income makes Indian insurers structurally weaker than global peers: Report
In the realm of Indian general insurance, a significant portion of profits arises from investment income. This reliance dilutes their operational strength compared to international players.
Q4 Results Highlights: CEAT profit jumps 144%; Go Digit General Insurance profit up 29%
Q4 Results LIVE Updates: It is an important day today with regards to results, as India's largest passenger car manufacturer, Maruti Suzuki India Ltd., and food delivery-to-quick commerce operator Eternal, will be reporting results today. Besides these, there are plenty of broader market names, such as Bandhan Bank, Sapphire Foods, Castrol India, CEAT, Star Health, Piramal Pharma, REC, Motherson Sumi Wiring, Sanofi India, Sanofi Consumer Health, Leela Palace Hotels and many others will be reporting their results today. Watch this space for all the LIVE updates.
Coal India's arm CMPDIL raises ₹470 cr via anchor investors ahead of IPO
Central Mine Planning and Design Institute (CMPDIL), an arm of state-owned Coal India, on Wednesday said it has mobilised Rs 470 crore from anchor investors, ahead of its initial share-sale opening for public subscription. Life Insurance Corporation (LIC), Nippon India Mutual Fund (MF), Edelweiss MF, ICICI Prudential MF, Baring Private Equity India Fund, General Insurance Corporation of India and Edelweiss Life Insurance Corporation are among the anchor investors, according to a circular uploaded on BSE's website. Also, Societe Generale, Citigroup, Goldman Sachs and BNP Paribas Financial Markets participated in the anchor round. As per the circular, the state-owned firm allotted 2.73 crore equity shares to 22 funds at Rs 172 per piece, aggregating the transaction size to Rs 469.74 crore. Of these funds, LIC has been allocated shares to the tune of Rs 105 crore. CMPDIL's Rs 1,842-crore initial public offering (IPO) will open for subscription on March 20 and conclude on March 24. T