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Monthly Archives: September 2020
TCS share rises over 3% as Walmart may invest $25 billion in Tata Group’s app
Share of TCS gained 3.57% to Rs 2,512 against previous close of Rs 2425 on BSE. The IT stock has gained 6.68% in the last 3 days
Happiest Minds IPO propels Ashok Soota to join Hurun India Rich List 2020
Happiest Minds’ founder Ashok Soota made a debut in Hurun India Rich List with net worth of Rs 3,700 crore
Good news for investors! Govt may divest 25% stake via LIC IPO, up from 10% earlier
The government is planning to sell 25 per cent stake in Life Insurance Corporation (LIC) of India via public offering amid drying revenue and widening budget gap
Labour Minister Santosh Gangwar assures trade unions to address concerns over new labour codes
Labour unions have opposed new rule which allows companies with upto 300 employees to lay-off staff and close the firm without government approval. The threshold for this was 100 employees earlier
Mazagon Dock Shipbuilders IPO subscribed two times on day 1, retail portion 5.6 times
Mazagon Dock Shipbuilders IPO was subscribed 2.09 times after it received bids for 6.39 crore equity shares against IPO size of 3.05 crore shares, subscription data available on the exchanges showed
Vedanta gets in-principle nod for delisting from BSE, NSE
Vedanta Resources and its wholly-owned indirect subsidiaries – Vedanta Holdings Mauritius and Vedanta Holdings Mauritius II – have also issued a public announcement with regard to the delisting offer on Tuesday
Cairn seeks Rs 10,300 crore in losses due to retrospective tax demand
In its half-yearly earnings statement, the company said it expects an international arbitral tribunal to shortly give a decree on its challenge to the Indian government seeking Rs 10,247 crore in retrospective taxes