Arundhati Sarkar
BQ Prime
Mumbai, MH, India
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Past articles by Arundhati:
All You Need To Know Going Into Trade On July 5
Asian stocks traded mixed Thursday after holiday closures for U.S. equity and bond markets meant there were few leads overnight for traders.Japanese shares slipped while those in Australia and South Korea pushed higher. U.S. futures pointed to gains. → Read More
Fortis Healthcare Extends Deadline For Submission Of Binding Bids
Fortis Healthcare today said that the deadline for submission of bids after the release of the company’s aduited financial results will be deferred to a different date, according to Chairman Ravi Rajagopal. → Read More
Q4 Results: Manpasand Beverages’ Profit Jumps 36% In March Quarter
Manpasand Beverages Ltd. reported a year-on-year jump in its fourth quarter profit. The announcement comes after the beverage maker had postponed its result declaration after its former auditor Deloitte Haskins & Sells resigned last month. → Read More
Fortis Healthcare Q4: Company Widens Loss On One-Time Write Offs
Fortis Q4 Performance: Fortis Healthcare Ltd. today reported quarterly results for the January-March period after the board deferred approving financial results twice saying more time is needed to consider the aspects of outcome of an internal investigation on alleged financial irregularities in the company. → Read More
Varroc Engineering IPO Subscribed 0.33 Times On The First Day Of Bidding
Varroc Engineering Ltd.’s Rs 1,950-crore initial public offering was subscribed 0.33 times on the first day of bidding today. Shares reserved for qualified institutional buyers were subscribed 1.04 times the number of shares on offer. → Read More
Varroc Engineering Mops Up Rs 583 Crore From Anchor Investors Ahead Of IPO
Varroc Engineering Ltd. today raised Rs 583.73 crore by selling shares to 30 anchor investors ahead of its initial public offering that opens tomorrow. The automotive component manufacturer allocated 60.36 lakh shares at Rs 967 apiece, according to an exchange filing. → Read More
RITES IPO Subscribed 66.5 Times On Final Day Of Bidding
The initial public offering of Rail India Technical and Economic Services Ltd., the first state-run railway company to come out with a public float, subscribed 66.5 times on the final day of bidding today. → Read More
RITES IPO Subscribed 2.11 Times On Second Day Of Bidding
The initial public offering of RITES Ltd. subscribed 2.11 times on the second day of bidding today. The portion reserved for qualified institutional buyers received 0.32 times more demand for the shares on offer. While the retail investors’ portion subscribed 5.59 times, that of non-institutional bidders subscribed 0.49 times, according to data available with the stock exchanges. → Read More
Fine Organic IPO Subscribed 0.12 Times On First Day Of Bidding
The portion reserved for qualified institutional buyers was subscribed 0.17 times the number of shares on offer, while the retail investors portion was subscribed 0.13 times, according to lead manager Axis Capital. → Read More
IIFL Wealth Raises Funds To Grow Asset Management, NBFC Businesses
The wealth management arm of IIFL Holdings Ltd. will use money raised from institutional investors to boost its asset management and non-bank lending businesses, Chairman Nirmal Jain told BloombergQuint in an interaction today. → Read More
GST, Aadhaar To Open Up More Lending Options, Says RBL Bank’s Rajeev Ahuja
The implementation of the goods and services tax, rollout of the virtual ID-based Aadhaar authentication and the real-time bank transactions through unified payment interface will open up more lending opportunities for banks over the next three years, according to Rajeev Ahuja, executive director at RBL Bank. → Read More
What Tim Cook Saw In Steve Jobs That Made Him Join Apple
Not always do you get a call that becomes the best decision of your life. That’s exactly what happened with Tim Cook, when he met the co-founder of Apple Inc., Steve Jobs, one fine Saturday. → Read More
FPI Norms Revised For Foreign Portfolio Investments In Corporate Debt Securities
In a significant move for foreign portfolio investors, regulators have decided to withdraw the minimum three-year residual maturity restriction on investments made by them in corporate debt securities, government securities as well as state development loans. → Read More
Sensex Nifty Pre market: All You Need To Know Going Into Trade On June 13
Asian stocks traded mixed Wednesday following a lackluster session in the U.S. as investors turned their attention to the major central bank meetings this week after shrugging off Tuesday’s North Korea summit.The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, traded 0.1 percent lower at 10,834.50 as of 6:50 a.m. → Read More
Yes Bank Shareholders Approve Rana Kapoor’s Reappointment As CEO
Yes Bank Ltd. shareholders today agreed to grant Rana kapoor, the co-founder and chief executive officer of the bank another tenure of three years, effective Sept. 1, 2018. → Read More
India IIP: India’s Industrial Output Rises 4.9 % In April
India’s industrial activity gained pace in April after moderating in the previous month. The index of Industrial Production rose 4.9 percent in April over a year ago, according to released by the Ministry of Statistics and Programme Implementation. → Read More
Management Rejig: Govind Shrikhande To Step Down As Shoppers Stop’s MD
Govind Shrikhande to step down from the post of managing director of Shoppers Stop effective June 30 as part of a board rejig at the retail chain. Shrikhande has tendered his resignation to pursue other interest, his personal commitments and other engagements, Shoppers Stop announced in an exchange filing today. → Read More
AirAsia Probe: Cyrus Mistry Says Venkataramanan’s Defence In AirAsia Matter Lacks Merit
Ousted Tata Sons Ltd. Chairman Cyrus Mistry said R Venkataramanan, being probed along with other people by the Central Bureau of Investigation, can’t claim that he had no role in the affairs of AirAsia India Ltd. → Read More
AirAsia India CBI Probe: Tata Trusts R Venkataraman Allegations Of Wrongdoing At AirAsia India
R Venkataramanan, the non-executive director of AirAsia India Ltd. named by the Central Bureau of Investigation in its bribery probe, denied any wrongdoing and termed allegations against him “baseless”. → Read More
ONGC Q4 Results 2018: ONGC Profit Rises 17.9 %, Misses Estimate
Oil and Natural Gas Corporation’s profit rose 17.94 percent sequentially to Rs 5915 crore in the fourth quarter, it said in an exchange filing today. That’s below the Rs 6,543 crore estimated by analysts Bloomberg tracks. → Read More