Mon, Dec 23, 2024 8:50 PM
Transrail Lighting IPO closes: Issue subscribed 80.8 times
A Flip by Avya Verma
HG Infra Engineering's subsidiary has entered into a battery energy storage purchase agreement with NTPC Vidyut Vyapar Nigam Ltd for 185 MW/370 MWH capacity on a long-term basis. HG Infra Engineering reported a 16% YoY dip in net profit to ₹80.7 crore in Q2 2024, with revenue from operations falling 5.5% YoY to ₹902.4 crore.
Open Flip
Tata Group has initiated work on the initial public offer (IPO) of its flagship financial services arm Tata Capital, expected to be a big-bang deal exceeding Rs 15,000 crore, to comply with RBI's norms for 'upper layer' NBFCs. Tata Capital has roped in advisors Cyril Amarchand Mangaldas and Kotak Mahindra Capital, with pitches to engage other investment banks to follow.
Open Flip
Wall Street's main indexes were muted on Monday, with the Dow Jones Industrial Average falling 0.09% to 42800.49, while the S&P 500 and Nasdaq Composite rose 0.16% and 0.35%, respectively, as a government funding bill averted a partial shutdown and investors digested a slower pace of rate cuts from the U.S. central bank.
Open Flip
