News Overview

As per the DRHP, Happy Forgings going to use the net proceeds from the IPO towards prepayment of loans, purchase of equipment, plant and machinery and for other general corporate purposes.

Ahead of the IPO opening, the company has also raised Rs 171 crore through anchor investors.

Suraj Estate Developers' maiden public issue comprised a fresh issuance of equity shares amounting to Rs 400 crore

The Rs 740-crore IPO of Azad Engineering comprises a fresh issue of shares worth Rs 240 crore and an offer-for-sale of shares worth Rs 500 crore by existing shareholders.

Coforge clarified that the tax demand resulted from an adjustment made under transfer pricing by the assessment unit, attributing it to a variation in margin

This collaboration follows Infosys' recent five-year deal with smart Europe GmbH in October, marking another significant long-term agreement from the European region in the current quarter

NCR continues to witness strong tailwinds both on demand and pricing; further competitive intensity in business development remains favorable for the incumbents; although land prices have also shot up.

The decision was based on these securities surpassing 95% of the market-wide position limit (MWPL), as reported by the NSE.

While the demerger process has been initiated, uncertainty on the timelines of listing Siemens Energy continues (likely in H2 2025).

The IFM segment should benefit from overall economic growth, higher outsourcing and market share gains by integrated players like UDS.