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Turtlemint Fintech raises ₹397 crore from anchor investors ahead of IPO launch
The company allotted 2.61 crore equity shares to 32 anchor investors at a face value of ₹1 per share, including a share premium of ₹151 per share.
Bajaj Auto sets June 24 as record date for Rs 5,632 crore share buyback. Here’s all you need to know
Bajaj Auto has set June 24 as the record date for its substantial Rs 5,633 crore share buyback. Shareholders will be eligible to tender shares at Rs 12,000 each. This price offers a significant premium over the stock's recent closing value. The buyback committee made this decision to determine shareholder entitlements.
Vedanta Aluminium share price gains for the first time since listing; Kotak, Citi initiate buy calls
Vedanta Aluminium shares rose 3% on June 18 after two brokerages initiated coverage with Buy ratings, signaling positive growth prospects driven by capacity expansions and cost efficiency. The stock debuted at ₹522, a significant premium over its initial price.
India-UK FTA draws mixed response from liquor industry over Scotch duty cuts
The India-UK Free Trade Agreement is set to begin on July 15. Alcoholic beverage makers welcome the pact, expecting increased trade and a boost for premium Indian spirits. Imported liquor brands may see reduced concessions in some states. This agreement aims to make premium international brands more accessible to Indian consumers, supporting growth in related sectors.
Nifty June futures trade at premium
Tata Motors PV, HDFC Bank and Infy were top traded contracts
Premium push shields Gillette, Whisper makers as supply chain costs rise
High-margin offerings like sleep gummies and electric razors are helping the consumer goods majors offset severe raw material inflation triggered by the US-Iran conflict, a top executive said.
M-Cap of Vedanta's split cos jumps 67% to Rs 3.5 lakh crore
Vedanta's demerger has boosted shareholder value. The combined market capitalization of the parent and four new entities surged significantly. Investors are showing a premium for pure-play exposure to sectors like aluminium and oil and gas. Vedanta Aluminium is the dominant value driver. The residual Vedanta entity also holds substantial valuation. Smaller verticals are yet to see a rerating.
Mercedes-Benz India confident of sustaining growth on strong demand this year
The premium car maker also said that a price increase was on the cards to deal with the impact of sustained pressure on Indian Rupee, among others, a top company official said.
Nifty June futures trade at a premium
HDFC Bank, Reliance Inds and L&T were top traded contracts
Shriram Properties inks joint development pact for 9.1-acre land in Bengaluru
Shriram Properties has signed a joint development agreement for a significant land parcel in Bengaluru. The company plans to develop a large residential project on this 9.1-acre site. This move expands Shriram Properties' presence in a growing Bengaluru micro-market. The project aims to cater to the mid-market and mid-premium segments. It represents a strategic expansion for the developer.
UBS sees MOFSL entering structural growth phase; starts coverage with 'Buy'
Improving revenue mix, along with higher capital efficiency, UBS believes, could support a structural re-rating of the stock towards premium asset management and wealth management multiples
Two-Wheeler Sales On Amazon Jumps Two-Fold Led By Tier Two, Three Cities
Amazon currently lists a selection from over 20 brands across electric, premium and commuter segments, including Triumph, KTM, Royal Enfield, Bajaj Auto, Ather Energy and Hero MotoCorp, supported by more than 3,000 OEM-authorized dealers.