Page 77 - Macrotech Developers News Today

NEW DELHI, May 5: Realty major Macrotech Developers' sales bookings rose 72 per cent year-on-year to Rs 2,013 crore in the fourth quarter of the last

Indian companies that generate revenues in rupee but rely heavily on foreign debt are relatively well protected against rupee depreciation, even as the 3 per cent year-to-date depreciation in the rupee would be temporarily credit negative for them, rating agency Moody’s said on Thursday. "Most companies have protections to limit the effect of currency fluctuations. These include natural hedges, some US dollar revenue and financial hedges, or combination of these factors, to help limit the a...

Zomato IPO: Top shareholder Info Edge will sell shares worth Rs 7.5 billion in the IPO Food delivery startup Zomato, backed by Chinas Ant Group, has filed for an initial public offering of up to Rs 82.5 billion ($1.11 billion) as consumers increasingly turn to ordering food online during the COVID-19 pandemic. Launched in 2008, Zomato is one of Indias most prominent startups. It is present in 24 countries and employs more than 5,000 people, according to its website. In February, the company had...

Zomato Files for Rs. 8,250-Crore IPO as Food Delivery Surges in Pandemic Zomatos offering will comprise a fresh issue of shares worth up to Rs. 7,500 crores. By Reuters | Updated: 28 April 2021 12:05 IST Zomato said it intends to use the proceeds to fund growth initiatives and general corporate purposes Highlights Top shareholder Info Edge will sell shares worth Rs. 750 crores in IPO India has been one of the hottest IPO markets so far in 2021 Zomato has filed ...

Zomatos offering will comprise a fresh issue of shares worth up to Rs 7,500 crore. Shares of Info Edge India, which has stake in food delivery service provider Zomato, rose as much as 3.14 per cent to hit an intraday high of Rs 5,100 on the BSE after Zomato filed draft red herring prospectus (DRHP) with Securities and Exchange Board of India (SEBI) to raise up to Rs 8,250 crore through share sale via initial public offering (IPO). The company said it intends to use the proceeds to fund growth ...

Uncertain times with a downward bias in markets ​ Sun, Apr 25 2021 14:18 IST | ​ 4 Views Bombay Stock Exchange. (File Photo: IANS). Image Source: IANS News It was a short four-day week identical to the previous one, with a mid-week holiday on Wednesday. Markets were under pressure and lost on three of the four trading days. The BSESENSEX lost 953.58 points or 1.95% to close at 47,878.45 points while NIFTY lost 276.50 points or 1.89% to close at 14,341.35 points. The broader market saw BS...

Uncertain times with a downward bias in stock markets worldwide 5 hours ago Picture used for illustrative purpose. It was a short four-day week identical to the previous one, with a mid-week holiday on Wednesday. Markets were under pressure and lost on three of the four trading days. Dow Jones lost 174.41 points or 0.51 per cent to close at 34,043.49 points. There seems to be confusion in the US markets and they seem to be alternating between losses and gains on al...

“I am still convinced that this is a small correction in a multi-year bull market.”

Synopsis With its concentration in the most lucrative of real-estate markets in India -- huge inventory pile and diversity across categories -- Macrotech has everything that could make it a major beneficiary if the real-estate boom continues. But if the sector crumbles under the pandemic and macro-economic pressure, the stock may become a riskier bet. Two roads diverged in a yellow wood, And I took the one that went through the rebranded neighbourhood of Upper Worli, Upper Thane and new Cuffe P...

The index was trading 2.13 per cent up at 13538.65.