Sapphire Foods is one of the largest franchisees of Yum! Brands Inc. in the subcontinent, and operates more than 400 KFC, Pizza Hut, and Taco Bell restaurants across India, Sri Lanka, and the Maldives. The underperforming Pizza Hut, KFC operator is considering a stock split. Sapphire Foods Ltd. to consider on June 19 Sapphire Foods …
Indian benchmark indices faced significant selling pressure, plunging around 3% amidst heightened volatility due to uncertainty surrounding the outcome of the Lok Sabha elections. Broader indices also dropped around 4% each, reflecting bearish investor sentiment. The FMCG, healthcare, and information technology sectors were the least affected. At 10:55 am, the BSE Sensex plunged 3.86% reaching …
On Tuesday, the benchmark indices were trading in the red with the Sensex down around 2,876 points or 3.75% at 73,671, while the Nifty-50 was down around 760 points or 3.27% at 22,505. About 612 shares have advanced; 2,894 declined and 124 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
The financial health of a company is often gauged by various metrics, among which the debt-to-equity ratio is a critical indicator. High debt levels can be a double-edged sword; while they can fuel growth, they also carry significant risks. This article analyses the performance of companies with the highest debt-to-equity ratios, examining their sales, profit, …
Inox Wind Limited (IWL), a leading Indian wind energy solutions provider, announced a strategic move to strengthen its financial position and fuel future growth. This decision follows a board meeting held on May 31, 2024, where the Board of Directors approved the raising of funds for the company. Capital Infusion via Share Issuance Subject to …
Nifty Bank’s Historic Milestone Nifty Bank surged by 4.09% on Monday, reaching an all-time high of 51,133. This significant milestone marks the first time the index has crossed the 51,000 mark, with the previous close being 48,983.95. The index comprises both private and state-run lenders, reflecting the sector’s overall health and performance. Key Drivers of …
PTC Industries, a company which was considered as a small-cap entity a few years back but now has grown multi-fold and given unimaginable returns to its shareholders, is one such stock market performer which has made its presence felt in a big way. The company is engaged in the manufacture of components in metal, for …
Record Highs and Significant Gains On Monday, amidst a sea of green, many stocks touched record highs or 52-week highs. Among these, IRB Infrastructure Developers Ltd, one of India’s leading and largest integrated multinational transport infrastructure developers in the highways sector, surged more than 10%, inching closer to its 52-week high. The stock of IRB …
On June 3, 2024, Vakrangee Limited (VL) announced its finalised Share Purchase Agreement with Tata Capital Innovations Fund, securing an 18.5% equity stake in Vortex Engineering Private Limited (Vortex). This move will help the company to emerge as a prominent fintech entity in rural India. Vortex Engineering is a pioneering force in Automated Teller Machines …
On June 3, 2024, Cairn Oil & Gas, a division of Vedanta Limited, announced in an exchange filing that the company aims to achieve Net Zero Carbon status by 2030 through pioneering Environmental, Social, and Corporate Governance (ESG) leadership across the E&P value chain. As part of a comprehensive strategy, Cairn’s focused ESG roadmap includes …
