The Republican president spoke during a visit to a Fujifilm plant in Morrisville, North Carolina, where work on a vaccine is being performed. During a tour of the facility, he wore a mask publicly for a second time, the first being on a trip to Walter Reed Medical Center near Washington earlier this month. … [Read more...] about Donald Trump wears mask, voices hope on coronavirus vaccine in North Carolina
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The company reported on July 18 that its consolidated profit after tax (PAT) stood at Rs 432 crore during the quarter ended June 30, 2020, as against Rs 108 crore during the corresponding quarter last year, registering a growth of 300 percent over the same period the previous year. … [Read more...] about M&M Financial jumps 10% after stock turns ex-date for rights issue
Aditya Birla Fashion and Retail Ltd also came out with a Rs 995 crore rights issue recently. The issue opened for subscription on July 8 and will close on July 22. Since the opening of its rights issue, Aditya Birla Fashion has fallen over 10 percent … [Read more...] about Rights issue bandwagon: M&M Financial, PVR, Shriram Transport & ABFRL gain
“The announcement of the rights issue at a steep discount of Rs 50 against July 17's closing of Rs 207 per share is likely to be taken positively by the market. More than the rights issue, the steady growth in business along with signs of improvement in the niche segment of the company is likely to aid stock rally on a short-term basis,” Dinesh Rohira, Founder-CEO, 5nance.com told Moneycontrol. … [Read more...] about Rights issue becomes the new favourite; what’s the rush for?
"The funds raised through the issue will be used to repay/prepay certain outstanding borrowings of the company, augment long-term capital and resources for meeting funding requirements for the company's business activities and for general corporate purposes," the release said. … [Read more...] about Mahindra Finance Rs 3,088.82 crore rights issue to open on July 28