News Today

Vedanta may be getting ready to separate its large operations

Copy Link

Businesses such as those in the aluminum, oil and gas, iron ore, and steel industries will be listed individually, news reports added.

• 28 September, 2023
• 11:55 AM
• less than a minute

Normalisation of outperformance in FMCG Sector: IIFL Securities

Copy Link

Moreover, analysts of IIFL Securities expect HUL volume growth to improve to ~7-8% vs ~3-4% currently in the next two quarters, which will spur the stock price.

• 28 September, 2023
• 10:38 AM
• less than a minute

Adani Ports plans to repurchase $195 million in bonds

Copy Link

The offer starts at $975 for every $1,000 in principle for debt filed by October 11.

• 28 September, 2023
• 9:45 AM
• less than a minute

Aditya Birla Capital injects Rs 750 crore into AB Finance to fund growth plans

Copy Link

Aditya Birla Capital received shares on a rights basis on Tuesday, according to the business.

• 27 September, 2023
• 12:00 PM
• less than a minute

Adani Ports proposes to repurchase $195 million of its 2024 bond at a reduced price

Copy Link

The firm will pay $975 for every $1,000 in principal for debt presented by October 11th. The deal price then decreases to $965 per $1,000 after that.

• 27 September, 2023
• 11:55 AM
• less than a minute

Aditya Birla Fashion: A difficult year

Copy Link

As the company continues to invest in new businesses amid a soft consumption environment, debt levels are expected to rise further in FY24.

• 27 September, 2023
• 10:09 AM
• less than a minute

Serentica Renewables Secures Rs 5,600 Crore Funding from REC and PFC

Copy Link

The funding comprises Rs 3,000 crore debt funding from REC and Rs 2,600 crore debt funding from PFC, according to the company's statement.

• 26 September, 2023
• 3:15 PM
• less than a minute

Inox Wind: Hoping for a comeback, will it work?

Copy Link

Analysts of IIFL Securities keenly monitor how INOX executes and rebuilds its order book, manages working capital, and pares down debt (Rs27bn) and remains an interesting play.

• 26 September, 2023
• 12:32 PM
• less than a minute

KNR Constructions: Order wins critical now

Copy Link

Margins should trend down, given the focus on growth and diversification into other states and sectors. Healthy balance sheet is a key positive.

• 26 September, 2023
• 11:53 AM
• less than a minute

Biogen’s Biosimilars – Cash Cow business, with declining growth trajectory

Copy Link

Excluding deal-related amortization expenses, the Biogen Biosimilars deal could add 24% and 29% to Dr. Reddy’s FY24 revenue and profits on a pro-forma basis.

• 26 September, 2023
• 11:10 AM
• less than a minute