By Anuj Suneja India has witnessed a surge in divestitures, with the aggregate deal value for such transactions increasing by almost 50 percent from 2021 to 2022[1]. Divestiture is used as a strategic tool to strengthen the balance sheet, carve out an underperforming business, or focus on the core business. While divestitures offer substantial bene
Muthoot Microfin IPO allotment status declared: Know how to check online now
The conclusion of Muthoot Microfin’s initial public offering (IPO) worth Rs 960 crore saw an overall subscription of 11.52 times on December 20. Investors eagerly awaiting the outcome of the IPO can now check the status of their applications online, either through the BSE website or the registrar’s website. Following a significant rebound in the [&
ZED scheme: Financial support extended to MSMEs crosses Rs 100 crore
The financial support extended to MSMEs securing the ZED (Zero Effect, Zero Defect) scheme’s certification has crossed Rs 100 crore. At the time of filing this report, Rs 105.20 crore in financial assistance was offered to MSMEs under the scheme. Since its launch in April 2022 to encourage environmentally sustainable manufacturing practices among M
Share Market Highlights: Nifty settles above 19650, Sensex above 65,750; Bank Nifty gains more than 300 points
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Wednesday’s trading session in the positive territory. The NSE Nifty 50 soared 231.90 points or 1.19% to settle at 19,675.45, while the BSE Sensex jumped 742.06 points or 1.14% to 65,675.93.The broader indices ended largely in positive territory, wi
Durga Puja 2023: Hema Malini to Rani Mukerji, Bollywood celebs seek blessings at Puja pandal – See pics
1/8 A Durga Puja pandal takes center stage during the Navratri festival each year. These temporary structures are intricately adorned and artistically designed, serving as a focal point for communities to come together, celebrate, worship, and seek blessings from Goddess Durga. The Maha Saptami of Durga Puja witnessed a splendid showcase of glamour
Jefferies sees 25% upside potential for Axis Bank; assign ‘Buy’ rating with target price of Rs 1250
Jeffries sees 25% upside potential in Axis Bank stocks and has recommended a ‘Buy’ with a target price of Rs 1,250. “We see 16% CAGR in profits (normalised) over FY23-26 and ROE around +18%. Valuations are at +20% discount to ICICI Bank (FY25) and can narrow. Axis stays among our top picks in the sector. […]