Mishra Dhatu Nigam (MIDHANI) has raised Rs 50 crore by allotting commercial papers to Union Bank of India on a private placement basis.MIDHANI has allotted 1,000 commercial papers (CPs) of face value Rs 5 lakh each and an issue price of Rs 4,95,540 each. The CPs hold tenure of 90 days. Credit rating agency CRISIL has rated the CPs at CRISIL A1+ .
MIDHANI is one of the leading manufacturers of super alloys, titanium & titanium alloys, special purpose steels and other special alloys. The Government of India held 74% stake in the company as of 31 December 2020.
On a consolidated basis, the company s net profit fell 1% to Rs 60.13 crore on a 9% decline in net sales to Rs 187.92 crore in Q3 FY21 over Q3 FY20.
Minting money on Dalal Street: What draws women to stock investing
Even as just 8 per cent of India s asset managers are women, according to Morningstar research, the number of women investors is growing
Aprajita Sharma March 8, 2021 | Updated 10:00 IST
The change is coming, but women still prefer safety over high-risk-high-return bets
Who says women and finances don t go well together? Meet new-age women, who not only take charge of their money but are also doing it in the male-dominated fields. Take, for example, Dalal Street. Even as just 8 per cent of India s asset managers are women, according to Morningstar research, the number of women investors is growing. At 5paisa.com, a listed discount broking firm, the count of women investors has more than doubled. They are not just working professionals, but homemakers are also taking the reins.
Starling Bank nets £272m in late-stage funding led by Fidelity and Qatari investor
Starling says it’s still profitable, having exceeded £1.5m in net income every month since October
Anne Boden, CEO of Starling Bank has been adamant that the bank will not entertain offers of being acquired itself, after it was reported that JPMorgan and Lloyds Banking Group had made their interest in the scaleup known Getty Images By Monday March 8, 2021 7:31 am
British digital challenger Starling Bank has raised £272m in a series D funding round from a spate of City, international and institutional investors, providing the firm with a valuation of £1.1bn.
American Airlines Group Inc said on Monday it will sell $7.5 billion of bonds and leveraged loans backed by its loyalty program to repay U.S. government debt.
Initially Neutral on the company, Credit Suisse s analyst Sanjeet Aujla maintained his recommendation. The target price is unchanged and still at EUR 172. | March 12, 2021