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Sai Silks Kalamandir Raises Rs 360 Cr From Anchor Investors Ahead of IPO

Ethnic clothing retailer Sai Silks (Kalamandir) announced on Monday that it has raised more than Rs 360 crore from anchor investors, days before the start of its Initial Public Offering (IPO). According to a circular posted on the BSE website, the company has allocated 1.63 crore equity shares to 26 funds at Rs 222 a […]

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Brands Companies News

Zomato Reports Q1 Profit, Shares Jump 15%

Zomato shares rose sharply for the second straight day after the company reported its first-ever quarterly profit. Shares of the food aggregator and delivery company Zomato soared 10 per cent on Friday and about 5 per cent today. At the time of writing this report, Zomato shares were trading 5 per cent higher at Rs […]

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Mahindra & Mahindra To Acquire Nearly 10% Stake In RBL Bank

Mahindra & Mahindra (M&M), a diversified conglomerate with interests in automotive, technology services, and non-bank lending, has decided to venture into the formal banking sector. To achieve this, M&M is purchasing nearly 10 per cent of RBL Bank, a private-sector lender. Presently, M&M already owns 3.5 per cent of the bank, acquired through secondary market […]

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Brands Companies FMCG News

Colgate-Palmolive India Reports Strong Q1 Earnings, Shares Hit All-Time High

Toothpaste maker Colgate-Palmolive (India)’s quarterly profit rose 30.5 per cent on Wednesday, aided by improved domestic demand. Net profit rose to Rs 274 crore for the quarter ended 30 June compared to Rs 210 crore a year earlier. Steady rural demand pick-up and some ease in domestic retail inflation helped Indian consumer goods companies log […]

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