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India’s Tata Communications reported a 15% rise in its fourth-quarter profit on Tuesday, helped by higher demand for its data services. The firm’s consolidated pre-tax profit for the January-to-March quarter rose to 3.36 billion rupees ($39.5 million) from 2.92 billion rupees a year earlier. Tata Communications, which provides services such as data connections and cybersecurity…
Gold prices rallied by Rs 1,100 to hit a fresh peak of Rs 92,150 per 10 grams in the national capital on Friday amid rise in precious metal rates in the overseas markets, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had finished at Rs 91,050 per 10…
Gold prices rose Rs 350 to trade near a record high at Rs 89,100 per 10 grams in the national capital on Monday amid firm global trends, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 88,750 per 10 grams on Friday. Gold of 99.5…
Foreign investors have pulled out over Rs 23,710 crore from the Indian equity markets so far this month, pushing total outflows past Rs 1 lakh crore in 2025 amid rising global trade tensions. Going forward, V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, believes that revival of FPI investment in India will happen when…
Gold prices retreated from the record high level in the national capital on Friday, declining by Rs 700 to Rs 88,750 per 10 grams due to weak demand from jewellers and stockists, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity hit a record high of Rs 89,450 per…
Vedanta’s proposal to demerge into five independent, sector-focused companies has received overwhelming approval from its shareholders and creditors. According to the company’s stock exchange filing, the demerger was approved by 99.9987% of shareholders, 99.5900% of secured creditors, and 99.9588% of unsecured creditors who voted in favour of the proposal. Under the demerger scheme, every Vedanta…
Conductors and power cables manufacturer Lumino Industries has filed preliminary papers with capital markets regulator Sebi to raise 1,000 crore through an initial public offering (IPO). The Kolkata-based company’s IPO is a combination of a fresh issue of shares worth Rs 600 crore and an offer-for-sale component of up to Rs 400 crore by promoters….
Jan 20 Sebi has returned the draft IPO documents of Anand Rathi Group’s brokerage arm Anand Rathi Share and Stock Brokers, which proposed to raise Rs 745 crore through an initial share-sale, an update with the regulator showed on Monday. Anand Rathi had filed the papers for issuing fresh equity. The offer also included reservations…
Brookfield India Real Estate Trust’s board on Monday approved raising of funds by institutional placement of units. The issue today opened for receiving the bids. The company has set the floor price at Rs 287.55 per unit. The announcement was made post market hours and shares of Brookfield India REIT ended at Rs 290.49 on…
Capital markets regulator Sebi has directed Mishtann Foods to bring back nearly Rs 100 crore, an amount the company allegedly misappropriated through dubious transactions with related parties. Sebi also restrained five entities, including Mishtann Foods and its promoter and CMD Hiteshkumar Gaurishankar Patel, from the securities markets till further orders for alleged financial mismanagement, fraudulent…
