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The clout of Indian retail shareholders has risen. Individual retail ownership of shares listed on the NSE hit a 14-year high in December 2021, according to NSE’s India Ownership tracker. → Read More
The Bengaluru-based IT company’s revenue increased 2.7% sequentially to Rs 20,860 crore in the quarter ended March. → Read More
Net profit of the Pune-based two-wheeler maker fell 1.62% over the year ago to Rs 1,526.16 crore in the quarter ended March. → Read More
A week into the launch of Tata Neu Super App, N Chandrasekaran of Tata Sons doesn't want the digital venture to be compared with any other competitor. “We have our gameplan. Let me play my game,” Chandrasekaran, chairman of Tata Sons Pvt. told BloombergQuint. The Tata Neu app was launched on April 7 and within hours faced tech glitches. → Read More
The software services exporter’s revenue increased 1.28% sequentially to Rs 32,276 crore in the three months through March. → Read More
Canada Pension Plan Investment Board expects its net-zero transition assets portfolio to double by 2030. → Read More
TCS' revenue rose 3.5% over the preceding quarter to Rs 50,591 crore in the three months ended March. → Read More
By the time the withdrawal window for Ruchi Soya Industries Ltd.'s follow-on public offer closed, foreign portfolio investors had withdrawn most of their bids to purchase shares. Whereas demand from high net-worth and small retail investors saw only a minor pullback. → Read More
Portfolio managers with exposure to high-growth, emerging new-age companies saw value erode in 11 months through February as wealthy investors pulled out from such bets amid volatility. → Read More
The Ruchi Soya FPO comprises issuing 6.6 crore shares at Rs 615-650 apiece. That values the Patanjali Ayurved-owned firm at Rs 23,130 crore, a discount to the current market capitalisation because of the low public float. → Read More
Vikram Limaye will not seek an extension as the chief of the nation’s largest bourse, which is being probed for governance standards during the term of his predecessor. → Read More
Adani Wilmar Ltd., a joint venture between Adani Group and Wilmar Group, will sell shares at Rs 218-230 apiece in its three-day initial public offering that opens on Thursday, Jan. 27 and closes on Monday, Jan. 31. → Read More
Byju’s is now India’s most valuable privately held internet company. And its parent Think & Learn is eyeing to more than double that. Yet, just three of its subsidiaries contribute nearly all its fair value. → Read More
AGS Transact Technologies IPO: All You Need To Know → Read More
Hinduja Global Solutions Ltd. announced a share buyback worth up to Rs 1,000 crore, days after its dividend left investors disappointed. The board approved a repurchase of up to 25% of the paid-up capital, and reserves and surplus allowed under the regulations, according to the company’s statement to exchanges. → Read More
The company's revenue rose 4.31% over the preceding quarter to Rs 48,885 crore in the three months ended December. → Read More
Tata Consultancy Services Ltd. approved a proposal to buy back shares worth up to Rs 18,000 crore to reward stakeholders. India’s largest software services outsourcer will repurchase four crore shares, or 1.08 % of the total paid-up equity, at Rs 4,500 apiece, it said in an exchange filing. That is a 16.58% premium to Wednesday's closing price. → Read More
Infosys Ltd. raised its revenue growth forecast for the full year on the back of large deal wins and increased client spending. → Read More
The company's revenue rose 3.28% sequentially to Rs 20,313.6 crore in the quarter ended December. → Read More
It is not often that companies sell their key business segments. When they do, they have do it with shareholder permission. Often, shareholders are then disappointed by companies that prefer to retain the cash without bothering to disclose what it will be used for and why that's a better option than distributing it to shareholders. Let us take the current case of Hinduja Global Solutions Ltd. → Read More