SPIRIT OF MUMBAI

Saiyam Mehra, Chairman GJC "On Dhanteras, the allure of gold shines brighter than ever, representing not just wealth but a deep cultural reverence that spans generations. With current gold prices hovering around Rs 80,000 per 10 grams, we anticipate sales of 20 to 22 tonnes, translating to over 16,000 crores in value. The North has shown particularly strong demand, reflecting consumer confidence even amidst rising prices. Jewellers are responding by expanding their offerings, providing a diverse range of products to meet festive needs. The evening rush on Dhanteras revealed a clear trend toward lightweight jewelry and gold coins, highlighting a continued appetite for gold as a safe haven investment. Additionally, silver artefacts and coins also captured consumer interest, with an overall market value projected between 18,000 to 19,000 crores. This year, the combination of escalating geopolitical tensions and festive spirit has driven consumers to invest more heavily, ensuring a po...

Mumbai, October 30, 2024: Sagility India Limited, provides technology-enabled business solutions and services to clients in the U.S. healthcare industry , has fixed the price band of ₹28/- to ₹30/- per Equity Share of face value ₹10/- each for its maiden initial public offer. The Initial Public Offering (“ IPO ” or “Offer” ) of the Company will open on Tuesday, November 05, 2024 , for subscription and close on Thursday, November 07 , 2024 . Investors can bid for a minimum of 500 Equity Shares and in multiples of 500 Equity Shares thereafter. The IPO is entirely an offer for sale of up to 702.20 million equity shares by Sagility B.V, the Promoter Selling Shareholder. The offer includes a discount of Rs 2 for eligible employees bidding in the employee reservation process.   Sagility India Limited is a pure-play healthcare focused services provider, and its clients include Payers (U.S. health insurance companies, which finance and reimburse the cost of health services) and ...

NTPC Green Energy Limited, a wholly owned subsidiary of NTPC Limited, has received final observation from the capital markets regulator, Securities and Exchange Board of India (SEBI), to raise Rs 10,000 crore through an initial public offering (IPO).   The Company had filed its IPO papers with Sebi on September 18, 2024.   The IPO with a face value of Rs 10 per equity share is entirely a fresh issue of equity shares. The offer also includes a reservation for a subscription by eligible employees and a discount is being offered to eligible employees bidding in the employee reservation portion.   The proceeds from the fresh issue to the extent of ₹   7,500 crore will be used for investment in its wholly owned Subsidiary, NTPC Renewable Energy Limited (NREL) for repayment/ prepayment, in full or in part of certain outstanding borrowings availed by NREL; and general corporate purposes.   Promoted by NTPC Ltd, NTPC Green Energy...

Federal Bank announced the Financial Results for the quarter ended 30 th September 2024. The key highlights of the results on a Y-o-Y basis are as follows:   Ø   Total Business of the Bank reached Rs. 499418.83 Cr Ø   Net Profit highest ever at Rs.1056.69 Cr , grew 10.79 % Ø   Operating Profit highest ever at Rs. 1565.36 Cr Ø   ROA for Q2 stood at 1.28 % and ROE stood at 13.65 % Ø   GNPA and NNPA brought down to 2.09% and 0.57 % respectively Ø   Total Deposits increased by 15.56 % Ø   Total Net Advances increased by 19.45 % Ø   Net Interest Income at Rs. 2367.23 Cr , grew by 15.11 %   KVS Manian, MD & CEO of Federal Bank, stated, "Q2 has been robust for the Bank, driven by strong momentum across diverse operational verticals. This is clearly reflected in our consecutive surpassing of the 1000 Crore net profit milestone for two quarters in a row....