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Zomato has raised Rs 8,500 crore through a Qualified Institutional Placement (QIP) to strengthen its balance sheet and accelerate growth. This significant funding will help the food delivery giant expand operations, invest in technology, and explore new business opportunities, positioning it for long-term success in the competitive Indian food tech market.
Kalpataru Projects International's recent announcement of a Rs 200 crore NCD issue has led to a 3.94% rise in its stock price. The company plans to raise funds through unsecured, redeemable debentures, which will support its growth in domestic and international markets. explores the details of the NCD issuance, its potential impact on investors, and KPIL's future growth strategy.
Welspun Corp has secured significant contracts worth Rs 1,300 crore in the US for coated HSAW pipes, set to support natural gas pipeline projects. Despite recent challenges in the Indian stock market, the company remains optimistic about its growth prospects in North America and beyond. Dive into the details of these new orders and what they mean for Welspun's future.
Mahindra & Mahindra's stock surged 5% following a record-breaking October, with SUV sales climbing 25% year-on-year to 54,504 units. This impressive performance, coupled with strong tractor and export sales, positions M&M favorably in the competitive automotive market. Dive into the details of their growth and what it means for investors.
L&T shares surged over 6.50% after the company reported a 5% increase in consolidated profit for the quarter ending September 30, 2024. This positive earnings announcement reflects strong investor confidence and highlights L&T's strategic position in the growing infrastructure sector. Explore the key factors driving this growth and what it means for future investments.
Adani Enterprises saw its shares soar over 5% after reporting an astounding eight-fold increase in net profit for the quarter ending September 30, 2024. This remarkable performance has bolstered investor confidence and raised expectations for future growth. Discover the key factors behind this surge and what it means for the company’s prospects.
Reliance Power has secured shareholder approval to raise ₹1,525 crore through the issuance of preferential shares. This strategic move aims to bolster business expansion, reduce debt, and enhance the company's financial standing, with significant contributions from key investors, including Reliance Infrastructure. Discover the implications of this capital raise and its potential impact on the company's future.
Vedanta Resources has successfully raised $300 million through a tap issue on its existing bond, reflecting robust investor confidence and a strategic approach to liquidity management. This funding will help the company reduce debt by prepaying higher-interest bonds, positioning Vedanta for sustainable growth. Explore the details of this significant move and its impact on the company's financial future
In Q2 FY25, Central Bank of India showcased remarkable financial resilience, reporting a stunning 50.91% increase in net profit to Rs 913 crore. With total income rising by 17.08% and a notable improvement in net interest margin, the bank’s strong operational performance reflects its strategic growth initiatives. As asset quality continues to improve, this positive trajectory positions Central Bank of India favorably in a competitive banking landscape. Discover the key highlights and what they mean for investors moving forward.
Cipla and Alkem Laboratories are poised to acquire a controlling stake in Sahajanand Medical Technologies, India's leading cardiac stent manufacturer, with a deal valued between Rs 3,500 and Rs 4,000 crore. As major private equity firms step back, this acquisition could reshape the competitive landscape of the expanding cardiac stent market. The Kotadia family plans to retain a minority stake, while SMT explores IPO options following a pause in its previous listing plans. Dive into the details of this high-stakes negotiation and its potential impact on the future of cardiac care in India