Companies
Apollo Micro Systems board approves Rs 200-cr fund raising plan
Tue, May 30, 2023
Apollo Micro Systems fund raising plan: Apollo Micro Systems Ltd (AMSL) is looking to raise Rs 200 crore to execute its expansion plans through acquisition route. A decision on the fund raising plan was approved by the board of directors at its meeting on Monday.
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Jaypee Infratech defers approval of financial statements for March 2023 quarter
Tue, May 30, 2023
Jaypee Infratech, which is facing insolvency proceedings, on Monday said the company has deferred the approval of financial statements for the quarter and fiscal ended March 2023, as it has not been finalised in view of pending cases in the appellate tribunal.
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Debt-to-earnings ratio of steel producers to remain below 2 times in FY24: Crisil Ratings
Mon, May 29, 2023
Research firm Crisil Ratings on Monday said it expects the net debt-to-EBITDA ratio of domestic steel manufacturers to stay below the level of 2 times in the financial year 2023-24. The steel makers had reported the ratio of net debt to EBITDA in the range of 1.6-1.7 times in preceding financial year (FY) 2022-23, Crisil Ratings said in a report.
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NIIT completes demerger of corporate learning business into NIIT Learning Systems
Thu, May 25, 2023
NIIT demerger news: In line with the reorganisation plan outlined by it, the Board of NIIT Ltd has announced that the Corporate Learning Business undertaking has been transferred to NIIT Learning Systems Ltd (NLSL) with composite scheme of arrangement becoming effective as on May 24, 2023.
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Vodafone Idea Q4 preview: Firm likely to post weak set of numbers; commentary on 5G launch plan eyed
Thu, May 25, 2023
Vodafone Idea Q4 preview, Vodafone Idea share price NSE: According to Zee Business Research, Vodafone Idea's revenue is expected to decline by 0.7 per cent to Rs 10,550 crore against Rs 10,621 crore logged in Q3FY2023.
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LG India expects 10% growth, exploring new business categories as Health care,says MD
Thu, May 25, 2023
LG Electronics India growth: LG Electronics India expects around 10 per cent growth in FY24 and exploring new business categories such as healthcare and water purification here besides investing further in its manufacturing ecosystem, its Managing Director Hong Ju Jeon said on Wednesday.
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LIC dividend 2023: Board meeting today to consider payout; shares up 1.5%
Wed, May 24, 2023
LIC dividend 2023: Life Insurance Corporation of India, NSE: LICI shares were up nearly 2 per cent on Monday. The counter opened at Rs 594.15 on NSE. At 11:48 AM, the stock quoted Rs 600.05, up by Rs 9.9 or 1.68 per cent.
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SAIL Q4 results preview: Net profit likely to nearly halve, margin may shrink by 270 bps
Wed, May 24, 2023
SAIL Q4 results 2023, SAIL Q4 results 2023 date: According to Zee Business research, SAIL’s quarterly standalone net profit is estimated at Rs 1,244 crore — which translates to a fall of 48.6 per cent on a year-on-year basis.
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Income Tax department conducts searches at Sharda Motor, Bharat Seat premises: Sources
Fri, May 19, 2023
I-T raids Sharda Motor, Bharat Seat: The Income Tax (I-T) department conducted searches at Relan Group companies — Sharda Motor Industries, and Bharat Seat Ltd, Zee Bussiness reported on May 19, Friday, citing official sources.
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Sterlite Tech posts Rs 65 cr net profit in Q4; declares 50% payout
Thu, May 18, 2023
Sterlite Tech dividend, Sterlite Tech Q4 results: The consolidated revenue from operations of Sterlite Technologies (STL) stood at Rs 1,872 crore during the reported quarter. The company had posted a revenue of Rs 1,497 crore in the March 2022 quarter.
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