Roche Holding AG will fold its stand-alone diabetes business into its broader diagnostics unit after a decade and a half of declining sales. The Swiss company said Friday it will “define the organizational and structural changes and their potential impact in the coming months.” Employee headcount at Roche overall will remain stable in 2024 compared […]
Rishabh Instruments IPO subscribed 31.65 times on last day of biddingRishabh Instruments IPO subscribed 31.65 times on last day of bidding
The Initial Public Offering (IPO) of global energy efficiency solution company Rishabh Instruments was subscribed 31.65 times driven by heavy demand from institutional buyers on the last day of bidding on Friday. The IPO received bids for 24,65,71,162 shares against 77,90,202 on offer, as per the NSE data. The IPO comprises a fresh issue of […]
Antfin may sell 3.6% in Paytm through a block dealAntfin may sell 3.6% in Paytm through a block deal
Promoter Antfin (Netherlands) Holding BV is likely to sell a 3.6% stake or nearly 23 million shares in One97 Communications, the parent company of Paytm, through a block deal on Friday, according to media reports. The transaction will be done at Rs 880.1 per share, or at a 2.7% discount to the last closing price. […]
Gold Price: MCX gold falls against strong US dollar; Rs 56010-55810, resistance at Rs 56580-56750Gold Price: MCX gold falls against strong US dollar; Rs 56010-55810, resistance at Rs 56580-56750
Gold Price Today, Gold Price Outlook, Gold Price Forecast: MCX gold prices declined on Wednesday due to the strengthening of the US dollar. Silver rates also plunged 0.41%. On the Multi Commodity Exchange, gold October futures were trading at Rs 56864 per gram, down Rs 63, or 0.11%. Silver December futures were trading down Rs […]
Uttar Pradesh: Heatwave turns fatal, death toll in Ballia rises to 68 – SEE PHOTOSUttar Pradesh: Heatwave turns fatal, death toll in Ballia rises to 68 – SEE PHOTOS
1/7 A scorching heat wave in the country’s most populous state, Uttar Pradesh, has overloaded hospitals, filled a morgue and disrupted power.In the state, reportedly, 68 people have died from heat-related illnesses over the last several days. In Ballia district in Uttar Pradesh, the largest hospital is unable to accommodate more patients.A two-member team will […]
Nifty Auto touches fresh lifetime high on favourable August auto salesNifty Auto touches fresh lifetime high on favourable August auto sales
Nifty Auto touched a fresh lifetime high as the street factored in August’s favourable auto sales numbers that came in better than expected. New passenger vehicle sales touched an all-time high at 360,897 units on the back of robust demand in the market for newer models in the aspirational utility segments of Maruti Suzuki, MG […]
JSW Infrastructure opens, price band at Rs 113-119; should you subscribe to the issue?JSW Infrastructure opens, price band at Rs 113-119; should you subscribe to the issue?
JSW Infrastructure IPO: JSW Infrastructure IPO opens for public subscription and will close on Wednesday, September 27, 2023. The bidding for anchor investors concluded on Friday, September 22, 2023, wherein the company collected Rs 1,260 crore. The price band for its public issue at Rs 113-119 per equity share of face value of Rs 2 […]
Reliance Home, executives slapped with Rs 21.5-lakh fineReliance Home, executives slapped with Rs 21.5-lakh fine
The Securities and Exchange Board of India (Sebi) has imposed a penalty of Rs 21.5 lakh on Reliance Home Finance (RHFL) and its executives for non-compliance with Sebi’s LODR norms.In an Adjudicating Order, the markets watchdog noted that the company had failed to disclose to the exchanges the deviation in the proceeds raised from issue […]
AIFs slammed for circumvention of regulationsAIFs slammed for circumvention of regulations
The use of alternative investment funds (AIFs) for circuitous routing of funds into stressed entities or to circumvent norms around funding raises questions on whether regulations should be eased, Ananth Narayan, whole time member of Sebi, said on Thursday. Speaking at a conference organised by the Confederation of Indian Industry, he said AIFs are structured […]
Eicher Motors: Jefferies sees 22% upside potential; retains Buy with target at Rs 4150Eicher Motors: Jefferies sees 22% upside potential; retains Buy with target at Rs 4150
Jefferies has retained a ‘Buy’ rating for Eicher Motors with a revised price target of Rs 4,150. This revised target sees a 22% upside target. The share price of Eicher Motors soared nearly 4% intra-day following this upside revision. “We believe time is ripe to buy EIM given alleviating competitive concerns, along with tailwinds of […]