Tue, Nov 26, 2024 12:44 PM
Unimech Aerospace Secures SEBI Nod for ₹500 Crore IPO
A Flip by Avya Verma
HDFC Securities, wholly owned stockbroking subsidiary of HDFC Bank, has confirmed that it has decided to close its franchisee business, while denying any compliance issues. The firm clarified that the decision was initiated earlier this year as a strategic step to streamline operations and enhance service quality, and not due to compliance issues as suggested in rumours circulating on Whatsapp.
Open Flip
The Life Insurance Corporation of India (LIC) is in advanced discussions to acquire up to a 50 percent stake in ManipalCigna Health Insurance, according to a report by The Economic Times. ManipalCigna is a joint venture between the Bengaluru-based Manipal Education & Medical Group, which holds 51 percent in it, and the US-based Cigna Corporation, which owns the remaining 49 percent.
Open Flip
Goldman Sachs has downgraded Amber Enterprises to "neutral" from "buy" after the stock more than doubled in value in 2024, citing high valuation and execution risks. The firm raised its price target to ₹6,300, near the current market price, and praised Amber's emerging growth drivers and plans for advanced manufacturing technology in PCBs.
Open Flip
