When a company announces a Rights Issue, it issues additional shares to the existing shareholders at a special price in proportion to their holding.
Avanta India, which is a part of UK-based Avanta Group, recently signed deals with IIFL and Kotak Group, offering them co-working spaces at its Connaught Place centre in the national capital.
The company has fixed the record date for determining the eligibility of shareholders for the split. The record date is February 22.
The company's net profit in the September quarter stood at Rs 3.33 crore. The net profit in the October-December quarter of FY22 was Rs 3.75 crore.
BCL Industries' shares have yielded a negative return of 6 per cent in the last one year. The scrip has advanced nearly 15 per cent in the last 6 months. In the last two years, the counter has zoomed a whopping 250 per cent.
The company in the same quarter in the last financial year had reported a net loss of Rs 65 lakh, the company informed the exchanges.
The total income during the quarter under review rose to Rs 1,570 crore as against Rs 1,497.78 crore during the corresponding period last fiscal.
Zomato, India's leading food delivery app, reports losses and exits operations in 225 smaller cities. Despite setbacks, the company remains optimistic with its relaunch of Gold subscription and plans to hire 800 employees.
Veerkrupa Jewellers shares have delivered multibagger returns to its investors. The stock has zoomed a whopping 428 per cent since listing on BSE in July 2022. YTD, it has gained 60 per cent.
The SME IPO aims to garner Rs 35 crore through its initial share sale. The company has set a price band of Rs 55 to Rs 57.
Shares of Apollo Micro Systems have yielded a massive 139 per cent return in the past one year. In perspective, one share which was available at Rs 138 is now available for Rs 331.
India's creator economy is growing strong despite inflation and global economic headwinds.
Retail inflation in December 2022: The Consumer Price Index based retail inflation was at 5.88 per cent in November 2022 and 5.66 per cent in December 2021.
Indian service sector growth: "December saw a welcome expansion in Indian services activity, underscoring the resilience of demand as 2022 came to an end," said Pollyanna De Lima, Economics Associate Director at S&P Global Market Intelligence.
ITR reforms news: Taxation of the digital economy, ensuring developing countries get their fair share of taxes and global coordination for taxation of cryptocurrencies would be one of the priority areas as India is all set to host the leaders of G-20 countries next year.
Digital rupee: The retail digital rupee (e₹-R) project has started in a closed user group with the participation of four lenders- State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank- as well as customers and merchants.
Inflation rate in India: The rate-setting Monetary Policy Committee headed by the RBI Governor has been mandated by the government to keep inflation within 2-6 per cent range.
Forex reserves India: The Indian rupee has been weakening over the past few weeks to hit fresh new all-time lows as the US dollar strengthened against major global currencies.
BYJUs news: Last month, the edtech major paid the remaining dues of nearly Rs 1,983 crore (over $245 million) to global VC firm Blackstone in the acquisition of Aakash Educational Services.
Business news: Inflation in food articles in September eased to 11.03 per cent, against 12.37 per cent in August.
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