SpiceJet shareholders approve Rs 3,000 cr fund raising plan
In a regulatory filing on Friday, the airline said shareholders have given their nod for the special resolution for raising funds of up to Rs 3,000 crore.
Smallcap sell-off: 4 stocks mutual funds dumped in August
Mutual funds significantly reduced their holdings in Vaibhav Global during August, selling approximately 13.13 lakh shares. This resulted in their total ownership dropping from 14.76 lakh shares in July to 1.62 lakh shares by the end of August.
GQG Partners increases stake in Patanjali Foods by 1.24% for Rs 835 crore
Billionaire Rajiv Jain-backed GQG Partners on Friday hiked its stake in Patanjali Foods by acquiring a 1.24 per cent holding from promoter group entity Patanjali Ayurved Ltd for about Rs 835 crore through an open market transaction.
Tech View: Nifty forms red candle on daily chart. What traders should do on Monday
Despite starting on a positive note, the Nifty ended the week with a slight dip. Siddhartha Khemka from Motilal Oswal Financial Services pointed out that besides oil & gas, FMCG, and healthcare, most sectors closed lower, contributing to the market’s loss on Friday.
Indian Hotels always delivers a bit more than promised; that’s the story of last 5-6 years: Puneet Chhatwal
Puneet Chhatwal, MD & CEO of IHCL, discusses the company’s balanced approach since 2017-2018. With strategies like Aspiration 2022 and Ahvaan 2025, IHCL has diversified its portfolio, doubling in size over six years. The company now opens more than one hotel a month, with a significant focus on capital-light models.
Is quick commerce a threat to traditional kirana stores? Karan Taurani explains
But quick commerce is the one which is growing at 50%, 60%, 70% on that low base. And if these things continue to catch up, if this really scales up beyond the metro cities, quick commerce could spell severe threat for the kirana stores.
Bernstein hikes Zomato target price, projects 16% upside amid quick-commerce boom
Brokerage firm Bernstein has upheld its ‘Outperform’ rating on Zomato and adjusted its target price to Rs 330, indicating a potential increase of 16% from the previous day’s closing price of Rs 283.9. The firm attributes this revised outlook to the rapid expansion of the quick commerce (QC) sector. Bernstein notes that initial assumptions about […]
ICE, CNG, EV & ethanol will co-exist; Bajaj Auto wants to maintain agility to toggle between fuel systems: Rakesh Sharma
Rakesh Sharma, ED of Bajaj Auto, discusses the company’s approach to balancing various fuel systems like gasoline, CNG, EV, and ethanol. He highlights the success of their CNG bike and emphasizes the importance of maintaining agility in fuel options. The article also touches on the impact of economic recovery on two-wheeler demand.
Deccan Transcon Leasing IPO opens today: Check issue size, GMP, price band and other details
Deccan Transcon Leasing IPO features a fresh equity issue of 55.24 lakh shares alongside an offer for sale (OFS) worth Rs 5.4 crore. Shares are priced between Rs 102 and Rs 108 each, with a minimum bid of 1,200 shares per lot.
Kalyan Jewellers shares jump 4% to hit 52 week high on Citi’s target upgrade
Kalyan Jewellers Share Price: Other jewellery stocks like Senco Gold and Goldiam International also hit their fresh 52 week highs of Rs 1,292.45 and Rs 374, respectively. The stocks were up by 4% and 6% in the same order.