News Overview

Timken then stated that the net proceeds from the transaction would be used to support its 2023 capital allocation targets, with an emphasis on share repurchases.

Citigroup is the transaction's only book runner. Ontario Inc will retain a 2% ownership in the company following the acquisition.

Asset quality improved in Q4 FY24, with gross non-performing assets (GNPA) decreasing to 2.01% from 2.56% the previous year.

Axiscades, headquartered in Bengaluru, is a leading provider of end-to-end technology and engineering solutions.

The company proposed a final dividend of ₹6 per share.

EBITDA margin rose significantly to 22.8% in the March quarter, compared to 13.3% a year earlier.

Here is a look at the big market driving stocks in terms of returns, resilience and in terms of swing momentum

The notable increase in PAT was driven by higher revenues and exceptional expenses amounting to ₹40 Crore in the last quarter.

Spot gold continued to hold steady at $2,351.39 an ounce, following a 1% increase the prior session. At $2,352.30, gold futures were up 0.8%.

Based on NSE data, bids were received for 93,34,36,374 shares in the IPO whereas 86,29,670 shares were offered.