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Markets

IIFL Wealth makes good debut as investors raise bets on wealth management biz

IIFL Wealth Management Ltd made its debut on the bourses, listing at ₹1,210 and hitting the upper circuit of 5%At the current price, its shares are valued at price-earnings multiple of 28 times its FY19 earnings

1 min read19 Sep 2019
Market

Anand Rathi Wealth may file IPO papers by September-end

Anand Rathi Wealth IPO is expected to be 500 crore in size, and will be a mix of primary and secondary share sales

2 min read24 Aug 2018
Auto

Volkswagen to invest $4 billion by 2025 to build digital businesses, software

Volkswagen working on a new software operating system, to be known as 'vw.OS', which will be introduced in VW brand electric cars from 2020 onwards

1 min read23 Aug 2018
Companies

Zydus Wellness Q3 profit rises 44% to Rs36 crore

Zydus Wellness' consolidated net profit jumps 43.83% to Rs36.16 crore for the December quarter of the current fiscal

1 min read7 Feb 2018
Market

Welspun India’s promoter sells stake worth Rs350 crore

Welspun India's promoter MGN Agro Properties has sold nearly 5% stake in the textile firm for almost Rs350 crore through an open market transaction

1 min read10 Jan 2018
Industry

Welspun India sets up US arm to invest in e-commerce firms

Welspun India has incorporated a wholly-owned subsidiary Welspun Nexgen in US, having paid-up capital of $4.25 million, to make investment in e-commerce companies

1 min read9 Jan 2018
Companies

Income tax department searches Welspun Enterprises premises

The Income tax department conducted searches at various locations of Welspun Group from 30 June 2017 to 3 July 2017

1 min read4 Jul 2017
Market

Welspun India shares slide for third day as probe widens

Welspun shares dropped 10% on Wednesday to `59.30 in Mumbai

1 min read24 Aug 2016
Market

Welspun India falls further after Target row, plunges 20%

After a weak opening, the shares tumbled 19.99% to `65.85its lower circuit limiton BSE

1 min read23 Aug 2016
Companies

Zydus Wellness Q1 profit up 20.12% at Rs23.46 crore

Consolidated total income of Zydus Wellness rises to `108.78 crore in June quarter as against `96.82 crore in the year ago period

1 min read2 Aug 2016
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