Company Background - History - Sanghvi Movers Limited was incorporated as a Private Limited Company under the Companies Act, 1956, on 3rd November 1989 and subsequently converted into a public limited company on 2nd November 1994 by passing a special resolution in the extraordinary general meeting held on 1st October 1994. Business - Sanghvi Movers Ltd, a flagship company of the Sanghvi Group, is one of the largest cranes hiring company in India, third largest in Asia and ranked tenth
Government owned Housing and Urban Development Corporation Limited (HUDCO) is planning to raise about Rs. 1225 Crore through an initial public offering (IPO). Company Background Started in 1970, Housing and Urban Development Corporation Limited (HUDCO) is a fully-owned Government undertaking with over 46 years of experience in giving loans for urban infrastructure and housing projects in India. Working Area HUDCO provide long-term finance for (1) Construction of houses (and to undertake
New Delhi-based education publishing house S Chand and Company Limited is planning to raise about Rs. 728 crore through an initial public offering (IPO). The company plans to raise up to INR 300 crore by issuing fresh shares. The IPO will also include 6,023,236 shares to be sold under the Offer for Sale (OFS) route. Company Background Incorporated in the year 1970, S Chand and Company Limited operates as an education content company in India. Working Area The Company develops and
Nowadays you are hearing more and more about mutual funds as a means of investment (Mutual Funds Sahi Hai is the most recent advertisement you may have come across - an investor education initiative powered by Association of Mutual Funds in India). If you are like most other individuals, you probably have most of your money either in a bank savings account or in government securities and your biggest investment may be in the form of home or gold. It is fact that investing is something that
FINANCE - LEASING & HIRE PURCHASE Sector: Q3 was fantastic as far as LEASING & HIRE PURCHASE sector is concern. Almost all the companies have shown strong performance in the quarter. For the numbers, the profits of the companies were UP in the range of 11% to 117%, while revenues were up in the range between 3% to 38%. Market leader BAJAJ FINANCE registered strong growth both in Profit and Income (were up 36% and 32% respectively). "Bajaj Finance, Cholamandalam, Manappuram and
Company Background - History: GeeCee Ventures Limited was incorporated on February 14, 1984, as a private limited company with the name Shubham Aromatics Private Limited. On October 1, 1985, the company was converted into a public limited company and consequently, the name of the company was changed to Shubham Aromatics Limited. The Promoters of the Company had also promoted another company, in 1978, viz. Gwalior Chemicals Private Limited (GCPL) which company was also in the business of
FMCG Sector: Q3 was not so good and not so bad for the FMCG sector. Demonetisation has played a role in the show. Coming to the numbers, the profits of the companies were up between 3% to 19%, while revenues were almost flat. Dabur and Colgate showed poor performance in Q3, where these 2 companies posted de'growth, both in Profit and revenue. The star performer in the sector for the quarter ended 31 December 2016 was "Emami Limited" where the company showed 6.92% growth in profit and
The Reserve Bank of India (RBI) will meet on 5th and 6th of April 2017 to review monetary policy. What to Expect From RBI More or less, RBI is expected to stay mute on the rates in its upcoming monetary policy because of the rise in inflation rate – both wholesale as well as retail. Wholesale inflation rate soared to 39-months high of 6.55% in February ’17 (was at 5.25% in January ’17) and retail inflation inched up to 3.65% in February ’17 (was at 3.15% in January ’17) due to higher fuel