Corona Remedies has guided for 15% organic revenue growth, with any contribution from future acquisitions expected to be incremental. The company also expects profit after tax (PAT) to grow at around 20% annually over the next three to five years, reflecting its confidence in sustaining long-term earnings growth. Chief Financial Officer Bhavin Bhagat said” “We…
Shares of Adani Enterprises Ltd. continue to remain in focus on Friday, July 3, after the company increased the size of its qualified institutional placement (QIP) to ₹15,000 crore, following strong demand from institutional investors. The QIP, which opened on July 2, was initially launched with a base issue size of ₹10,000 crore. However, the…
Bajaj Auto is currently the second-largest electric vehicle (EV) player, with a 22% market share and a production capacity of 50,000 units per month. “We are looking over a period of time to double this capacity, we. We think that this segment is set to grow very fast,” Joint Managing Director Rakesh Sharma told CNBC-TV18…
India’s primary market could witness one of its busiest second halves, with seven to eight initial public offerings (IPOs) of $1 billion or more expected to raise $10-15 billion, according to Abhinav Bharti, Managing Director and Head of India Equity Capital Markets (ECM) at JPMorgan. Bharti said the broader equity capital markets pipeline remains strong…
Hi-Tech Pipeson Friday, July 3, reported its quarterly sales volume for the first quarter of FY27, aided by robust demand from the infrastructure, construction and engineering sectors. The company said sales volume rose 26% year-on-year to 1,56,136 metric tonnes (MT) in Q1FY27, compared with 1,24,027 MT in the year-ago period. On a quarter-on-quarter basis, volumes…
Sumitomo Chemical India shares surged nearly 10% on Friday, July 3, marking their biggest single-day gain since September 2024. Over 9.5 million shares changed hands as of 2:10 pm, nearly 27 times the average volume in the last 10 days, making it one of the most active stocks in trade today. The stock surged after…
Zydus Lifesciences has signed a memorandum of understanding (MoU) with Apollo Hospitals to expand access to the Shield Multi-Cancer Detection (MCD) blood test in India. The test is intended for people aged 45 years and above who are at average risk for cancer and screens for 10 common cancers. The agreement follows an exclusive arrangement…
Coca-Cola has called for pitches from investment banks for the proposed initial public offering of its Indian bottling arm, sources told CNBC-TV18 on Thursday. Formal presentations are scheduled for August 9 and 10 in London. Among global banks, Coca-Cola has tapped JPMorgan, Morgan Stanley and Goldman Sachs to pitch for roles on the offering, sources…
INOX Clean plans to refile for its initial public offering (IPO) in the coming months after strengthening its business through acquisitions, Executive Director Devansh Jain of the InoxGFL Group said following a ₹700 crore investment by the Poonawalla family office. The investment values the renewable energy platform at ₹70,000 crore and comes after a series…
IDFC FIRST Bank on Friday, July 3, reported a 20.6% year-on-year increase in loans and advances and a 17.7% growth in deposits for the quarter ended June 30, 2026, according to its provisional business update. The bank’s loans and advances stood at ₹3,05,488 crore as of June 30, compared with ₹2,53,233 crore a year earlier…
