TVS Holdings has declared an interim dividend of Rs 86 per equity share, amounting to a 1,720% payout on its 2.02 crore shares. The record date for this dividend is April 2, with payments expected within 30 days. The company also raised Rs 650 crore through non-convertible debentures.Read More
Central Mine Planning & Design Institute Ltd (CMPDI) IPO share allotment is expected today. The Rs 1,842 crore Offer for Sale (OFS) saw full subscription, driven by Qualified Institutional Buyers. Investors can check their allotment status on BSE or the registrar’s website.Read More
United Spirits’ $1.8 billion sale of Royal Challengers Bangalore has sparked debate on IPL franchise valuations, nearly doubling analyst expectations. While scarcity and strong underlying metrics like 20-25% revenue CAGR and 35% EBITDA margins support high valuations, future growth may moderate due to media rights dynamics and underdeveloped alternative revenue streams.Read More
Japan’s Nikkei share average rose the most in a week on Wednesday, supported by cautious optimism that the Middle East crisis could move toward a potential settlement after recent volatility.Read More
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