Religare plans ₹2,000cr IPO for Care Health Insurance Religare Enterprises is considering an initial public offer (IPO) of up to ₹2,000 crores for its health insurance subsidiary Care Health Insurance, where it plans to issue fresh shares, market insiders said. Management of REL is in discussions with investment banks for the proposed listing of the shares of Care Health and the IPO may...
Indian Auto Industry ended FY21 on a strong note, but what is in store for the next few Quarters? Indian Auto Industry was facing a slowdown in FY20 amidst transitioning to Bharat VI norms and an economic slowdown in the country. Fears of a complete slump suddenly became real with the onset of the Covid-19 pandemic. Lockdown in the entire country meant that manufacturing came to a grinding...
Sugar Industry India’s sugar production is forecast to grow 17% to 33.7 million tonnes in the year ended September 2021. Indian sugar mills may achieve their target of exporting 6 million tonnes of the sweetener by the end of June, three months before September The surge in exports is mainly due to firm global prices and subsidy, which have made the overseas markets lucrative....
Telecom Sector Telecom sector is looking at another potential turnaround as Airtel’s net subscriber additions in the past quarter are the highest. Last week Airtel declared an addition of 13.9 million subscribers mostly in 4G as compared to Jio’s 7.3 million additions. In addition, Airtel has done well to keep its churn ratio to an all-time low level of 1.7%. Retention of Postpaid...