Pune-based Krsnaa Diagnostics seeks to raise as much as Rs 400 crore ($54.6 million) via new shares in an initial public offering, according to a copy of its draft red herring prospectus on issue manager IIFL Securities’ website.
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Godrej Agrovet Q4 Review – Present Bright, Future Brighter
Godrej Agrovet Ltd. reported better than expected results driven by higher than anticipated margins in animal feed (@7.1% versus our estimate of 4.9%) and crop protection (@20.3% versus our estimate of 18.6%) segment.
Vedanta Ltd Q4 Outlook – Apt Play On Rising Commodity Prices
Vedanta Ltd. reported in-line Ebitda of Rs 90.4 billion (our estimate: Rs 93.6 billion), up 17% QoQ, primarily due to higher Ebitda in aluminium, Zinc-India and iron ore and improved earnings in other business segments except power and copper.
Asia Stock Market Started the Week a Little Changed
Asia Stock Market started the week a little changed with some major markets shut and inflation concerns resurfacing. U.S. futures edged higher.
Oil Ministry tells ONGC to sell Oilfields; hive off Drilling, other Services
The petroleum ministry has told India’s largest oil and gas producer ONGC to sell stake in producing oil fields such as to Ratna R-Series to private firms, get foreign partners in KG basin gas fields, monetise existing infrastructure, and hive off drilling and other services into a separate firm to raise production.
Asia Shares Track U.S. Rally; Yields Dip, Yen Up | Gold Silver Reports
Asian shares climbed and U.S. equity futures pared a drop Monday as the global economic recovery and corporate earnings prospects bolstered sentiment despite rising Covid-19 infections.
HDFC Bank Q4 Results: Profit Rises 18% On Higher Other Income
HDFC Bank Q4 Results: HDFC Bank Ltd. reported steady growth in profits as other income rose and bad loans remained in check.