Latest news with #740
TimesLIVE
15-07-2025
- Automotive
- TimesLIVE
Volvo books $1bn impairment charge due to tariffs, launch delays
Sweden-based Volvo Cars is booking a impairment charge of 11.4bn crowns (R21,418,740,000) in the second quarter related to its ES90 and upcoming EX90 models, due to tariffs and launch delays, it said on Monday. The group, controlled by China's Geely Holding, said it is unable to profitably sell its Volvo ES90, which is built in China, in the US due to import tariffs, while profit margins for the same model are under pressure in Europe for the same reason. "The charge primarily reflects adjustments in expected volumes and planned lifecycle profitability associated with the platform for the EX90 and ES90 cars," it said. The impairment charge also reflects significant launch delays in the past and subsequent additional development costs, it said. Out of the total amount, 4.0bn crowns (R7,433,900,000) is estimated to impact cost of sales and most of the remaining amount affects the R&D line in the financial reporting. Volvo Cars, due to publish second-quarter results on July 17, said the effect on net income in the period will be 9.0bn crowns (R16,712,982,000).
Business Standard
07-07-2025
- Business
- Business Standard
Container Corporation Of India allots 15.23 cr bonus shares
The Board of Container Corporation Of India at its meeting held on 07 July 2025 has allotted 15,23,23,587 fully paid-up bonus equity shares of Rs.5 /-each to eligible shareholders. The bonus share were allotted to the shareholders, whose names appeared in the register of members/ list of beneficiary owners as on 04 July 2025, being the record date fixed for this purpose. After the above allotment, the paid up equity share capital of the Company stands increased to Rs.380,80,89,675/-consisting of 76,16,17,935 equity shares of Rs.5/-each from earlier Rs.304,64,71,740/-consisting of 60,92,94,348 equity shares of Rs.5/-each.
Gulf Today
05-07-2025
- Business
- Gulf Today
Abu Dhabi school sues man for failing to pay Dhs15,740 outstanding fees of his daughter
Abu Dhabi Family, Civil, and Administrative Cases Court ordered a father to pay Dhs15,740, along with a fine of Dhs1,000 to a school after he had enrolled his daughter in the school but failed to pay the outstanding fees amounting to Dhs15,740. In the details, the school filed a lawsuit against the father, demanding that he be compelled to pay Dhs15,740, along with Dhs3,142 as compensation for the damages incurred due to the non-payment of the outstanding amount. The school also requested legal interest of 12% from the date of filing the lawsuit until full payment, as well as the payment of legal fees, expenses, and attorney's fees. The court clarified that, based on the documents and the customer account statement issued by the school, it was established that the appellee owed the school a total of Dhs15,740. The appellee did not attend the court session despite being legally summoned, which led the court to conclude that the school's claims were valid. Consequently, the court ordered the father to pay the outstanding amount, in addition to Dhs1,000 as compensation for all material damages incurred by the school.
Time of India
25-06-2025
- Business
- Time of India
Cabinet okays Rs822cr loan for Sambhajinagar water supply project
Chhatrapati Sambhajinagar: The state cabinet approved a loan of Rs822.2 crore on Tuesday for the new water supply project in Chhatrapati Sambhajinagar, following more than a year of assurances from various politicians, including chief minister Devendra Fadnavis. The funds, representing the share of the Chhatrapati Sambhajinagar Municipal Corporation (CSMC) in the Rs2,740 crore project, will be provided by the Housing and Urban Development Corporation Limited (Hudco). In May, Fadnavis announced govt would cover the additional interest costs for the "soft loan" extended to the local civic body. The water supply project, valued at Rs2,740 crore, falls under the second phase of the AMRIT scheme of the Centre. The state contributes 45% of the project cost, while the Centre and CSMC bear 25% and 30%, respectively. You Can Also Check: Chhatrapati Sambhajinagar AQI | Weather in Chhatrapati Sambhajinagar | Bank Holidays in Chhatrapati Sambhajinagar | Public Holidays in Chhatrapati Sambhajinagar The local civic body reported an inability to provide its share due to financial constraints, prompting state govt to supply the necessary funding through a loan. Cabinet minister and local BJP MLA Atul Save said the HUDCO loan would feature a minimum interest rate and the longest possible tenure. "The CM, during a special review meeting chaired for the new water supply project for Chhatrapati Sambhajinagar in May, assured all possible support for the project. The cabinet nod for the Rs822.2 crore loan would ensure smooth funding for the project," Save told TOI. Although the project had a deadline of March 2024, Save said efforts continue to commission it by Oct.
Mint
25-06-2025
- Business
- Mint
HDB Financial Services day 1 Live: GMP, subscription status, price, date to review. Apply or not to this HDFC Bank arm?
HDB Financial Services IPO: The initial public offering (IPO) of HDB Financial Services Limited has hit the Indian primary market today. The public issue will remain open until 27 June 2025. The HDFC Bank arm company has declared the HDB Financial Services IPO price band at ₹ 700 to ₹ 740 per equity share. The book build issue is proposed for listing on the BSE and the NSE. The initial public offer aims to raise ₹ 12,500 crore from this public issue, out of which ₹ 2,500 crore is aimed at issuing fresh shares. The rest of ₹ 10,000 crore is reserved for the offer for sale (OFS). According to market observers, company shares are available in the grey market well ahead of the HDB Financial Services IPO subscription opening. They said that one share of HDB Financial Services Limited is available at a premium of ₹ 75 in the grey market today. BNP Paribas, JM Financial, BofA Securities India, Goldman Sachs India, HSBC Securities, IIFL Capital Services, Jefferies India, Morgan Stanley India, Motilal Oswal Investment Advisors, Nomura India, Nuvama Wealth Management, UBS Securities India are the book-running lead managers of the HDB Financial IPO. At the same time, MUFG Intime India Private Limited (Link Intime) is the official registrar for the issue. By 11:06 AM on day 1 of bidding, the public issue had been subscribed 0.10 times. The retail portion of the public issue had been booked 0.10 times, whereas the NII segment had been subscribed 0.14 times. 1] HDB Financial Services IPO GMP: According to market observers, the company's shares are available at a premium of ₹ 75 in today's grey market. 2] HDB Financial Services IPO price: The company has declared the price band for the book-build issue at ₹ 700 to ₹ 740 per equity share. 3] HDB Financial IPOHDB Financial Services IPO date: The public issue has opened today and will remain open until 27 June 2025. 4] HDB Financial Services IPO size: The company aims to raise ₹ 12,500 crore, of which ₹ 10,000 crore is reserved for OFS and the rest, ₹ 2,500 crore, is aimed through fresh shares. Infographic: Courtesy mintgenie 5] HDB Financial Services IPO lot size: A bidder can apply in lots, and one lot of the book build issue comprises 20 company shares. 6] HDB Financial Services IPO allotment date: The most likely date to finalise the share allocation is 30 June 2025. 7] HDB Financial IPO registrar: MUFG Intime India Private Limited (Link Intime) has been appointed the official registrar of the book build issue. 8] HDB Financial Services IPO lead managers: BNP Paribas, JM Financial, BofA Securities India, Goldman Sachs India, HSBC Securities, IIFL Capital Services, Jefferies India, Morgan Stanley India, Motilal Oswal Investment Advisors, Nomura India, Nuvama Wealth Management, UBS Securities India have been appointed lead manager of the public issue. 9] HDB Financial Services IPO listing date: The most likely date for listing shares is 2 July 2025. 10] HDB Financial Services IPO review: KR Choksey Securities has given a 'subscribe' tag to the public issue, saying, "HDB's initial issue is priced at 3.4x TTM P/B (considered equity raise for calculating TTM BV) compared to the peer average of 4.4x TTM P/B. We believe the issue is attractively priced, considering its parentage, peer group ROA average and its growth potential. We assign a "SUBSCRIBE" rating to the initial issue of the HDB Financial Service." Sharekhan has also assigned a 'subscribe' tag to the initial offer, saying, "The company is valued at an FY25 price-to-book ratio of ~3.2x/~3.4x at post-issue capital at the lower price band & upper price band respectively, which is reasonable as compared to its peers considering the growth and return ratio profile. Strong parentage and much smaller size than its core peer (Bajaj Finance) provide a long runway for growth. Additionally, a favourable macro environment will be a tailwind for the sector in the near to medium term. We expect healthy listing gains and remain assertive from a medium to long-term perspective." Apart from these, Kunvarji Finstock, Aditya Birla Money, Bajaj Broking, Canara Bank Securities, Centrum Wealth Management, Nirmal Bang, SBI Capital Securities, etc., have also been assigned a 'subscribe' tag to the HDB Financial Services IPO. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
