Fri, Nov 1, 2024 3:21 PM
Hyundai Motor India sales up 2% at 70,078 units in October
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The Zinka Logistics Solution Limited IPO price band has been fixed in the range of ₹259 to ₹273 per equity share of the face value of ₹1 each. The Zinka Logistics IPO date of subscription is scheduled for Wednesday, November 13, and will close on Monday, November 18. The allocation to anchor investors for the Zinka Logistics IPO is scheduled to take place on Tuesday, November 12.
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Auto major Mahindra and Mahindra (M&M) shares will be in focus on Friday after the company reported 13% YoY growth in its standalone net profit for the quarter ended September 30, 2024, to Rs 3,841 crore, which is above the Street expectations of Rs 3,581 crore. Revenue from operations in the reporting period increased 12% YoY to Rs 28,919 crore.
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Nasdaq-listed Freshworks share price jumped more than 28% after the company announced upbeat third-quarter results along with a $400 million share buyback. However, the Saas major also said it would lay off its 660 employees to streamline operations. Freshworks said it will trim 13% of its workforce, or 660 employees, globally.
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