InterGlobe Aviation’s promoter Shobha Gangwal on Wednesday sold a nearly 2.9 per cent stake in the company for a little over Rs 2,800 crore through open market transactions. Shobha Gangwal is the wife of Rakesh Gangwal, the co-founder of the company, which is the parent of the country’s largest airline IndiGo. The shares were sold […]
Day: February 27, 2024
King Charles’ first official portrait after his coronation released by Buckingham Palace – See photos hereKing Charles’ first official portrait after his coronation released by Buckingham Palace – See photos here
1/8 The world has been treated to official photographs of the newly crowned King Charles III and Queen Camilla, captured by photographer Hugo Burnand. The photographer has also captured the couple’s wedding in 2005. The regal pair were snapped in their full regalia just after their coronation ceremony at Westminster Abbey, with group shots featuring […]
Suzlon charts a strong path post debt restructuringSuzlon charts a strong path post debt restructuring
Last month, Crisil Ratings upgraded the Rs 4,054 crore worth of bank facilities of Suzlon Energy and removed ‘rating watch with developing implications.’ “The rating upgrade factors in sharp reduction in debt (paying off the entire term debt) done from the proceeds of a recent QIP, ” the agency had noted. Analysts at ICICI Securities […]
Migration takes sheen off SMEs; growth rate in share prices slipsMigration takes sheen off SMEs; growth rate in share prices slips
Returns from small and medium enterprise (SME) stocks, which were very high when they were a part of the SME index, have fallen significantly after the stocks migrated to the main board of the Bombay Stock Exchange and National Stock Exchange. A sample of 25 stocks shows that one year prior to migration, the average […]