Articles for category: Business

Rajiv Sharma

Major auto company cancels IPO application to raise ₹900 crore

Major auto company cancels IPO application to raise ₹900 crore

Introduction Hero Motors Limited, a prominent player in the automotive component manufacturing sector under the Hero Group umbrella, has recently made headlines by withdrawing its application for an Initial Public Offering (IPO) worth ₹900 crore. This decision has left many industry analysts and investors speculating about the future strategies and financial health of the company. ...

Rajiv Sharma

Adani may acquire major cement company; investors react, shares rise 18%

Adani may acquire major cement company; investors react, shares rise 18%

The Adani Group, a major player in various sectors in India, is reportedly in negotiations with Heidelberg Materials, a leading German construction materials company. This potential acquisition could reshape the landscape of the building materials industry in India and signifies the increasing interest of international companies in the expanding Indian market. According to recent reports, ...

Rajiv Sharma

Adani aims to acquire German cement company Heidelberg

Adani aims to acquire German cement company Heidelberg

The Adani Group, one of India’s largest multinational conglomerates, is reportedly eyeing the Indian operations of HeidelbergCement, a global leader in the cement industry. With a presence in 50 countries, HeidelbergCement has established itself as one of the top cement producers in the world, making this potential acquisition significant in the competitive construction materials market. ...

Rajiv Sharma

Shares surged 170% in 3 days post-listing, but now stagnant; experts predict price may drop to ₹110.

Shares surged 170% in 3 days post-listing, but now stagnant; experts predict price may drop to ₹110.

After the explosive listing of Bajaj Housing Finance shares, the stock has been on a continuous decline. This drop has made brokerage firms wary about the stock’s future performance. Notably, global brokerage firm HSBC has assigned a ‘Reduce’ rating to Bajaj Housing Finance Limited, indicating caution among investors. Bajaj Housing Finance: A Quick Overview Bajaj ...

Rajiv Sharma

Zomato CEO shares delivery boy's struggle at mall entrance

Zomato CEO shares delivery boy’s struggle at mall entrance

In a surprising move that highlights the challenges of online food delivery, Zomato’s CEO Deepinder Goyal took on the role of a delivery partner for a day. His experience not only shed light on the realities faced by agents who deliver food but also sparked important conversations about the treatment and working conditions of delivery ...

Rajiv Sharma

Announcement of 1.5 bonus shares for every 1 share, current share price is ₹41, has risen up to 500% in a year.

Announcement of 1.5 bonus shares for every 1 share, current share price is ₹41, has risen up to 500% in a year.

Bonus shares are a way for companies to distribute their profits to shareholders without paying out cash. Investors often view bonus shares as a positive sign of a company’s financial health and its capability to reward shareholders. Varth Investment and Trading is currently generating buzz in the market due to its impressive share performance and ...

Rajiv Sharma

Investors eagerly awaiting IRDA Q2 results to be announced this week

Investors eagerly awaiting IRDA Q2 results to be announced this week

The Indian Renewable Energy Development Agency (IREDA) is anticipated to release its financial results for the second quarter of the fiscal year 2023 this week. This announcement is eagerly awaited by investors and stakeholders, as it will provide insights into the company’s performance and strategic direction amid the ongoing growth in the renewable energy sector ...