LG Electronics India saw its net profit decline by 27.3 per cent due to margin pressures witnessed in the second quarter. Its net sales in the quarter marginally rose 0.9 per cent to Rs 6,170.4 crore in the July-September quarter.
LG Electronics India made a dazzling market debut on Tuesday, ending 48 per cent higher than its issue price and surpassing its South Korean parent in market value.
For LG Electronics India, the Rs 11,607 crore initial public offering (IPO) is not just a fundraising exercise. The company's senior executives describe it as a step towards becoming "future-ready", showcasing financial strength while preparing for the next phase of growth in a market they see as still underpenetrated.
Sri City in Andhra Pradesh is dubbed the "Cooling City" of India, accounting for nearly 40 per cent of the air conditioners (ACs) manufactured in the country. On Tuesday, this industrial hub added one more feather to its cooling credentials. Carrier Air Conditioning and Refrigeration Ltd, the Indian arm of the oldest AC company in the world, Carrier Global, signed a deal to invest around ~1,000 crore for a new manufacturing unit at Sri City.
Ola Electric has denied media reports suggesting its involvement in a leak of proprietary pouch cell technology (tech) from South Korea's LG Energy Solution, calling the allegations "baseless". The company said it has no commercial or research interest in the older pouch cell format cited in the reports, emphasising that its new 4680 Bharat Cell - based on advanced dry-electrode cylindrical tech - is already in commercial production.
The initial public offering of LG Electronics India Ltd received 54.02 times subscription on the final day of bidding on Thursday, driven by overwhelming participation from institutional buyers.
The primary market is set for a busy week as two major companies, Tata Capital Ltd and LG Electronics India Ltd, gear up to launch their initial public offerings (IPOs), collectively worth more than Rs 27,000 crore.
Jammu and Kashmir Lieutenant Governor Manoj Sinha terminated the services of five more government employees for suspected terror links, bringing the total number of employees sacked since 2020 to 85.
'The first time India has seen two consecutive blockbuster IPO years.'
Russian President Vladimir Putin attended dinner hosted in his honour by President Droupadi Murmu at Rashtrapati Bhavan on Friday evening.
The milestone crowns a record year for the domestic primary market where IPO mobilisation is set to cross Rs 1.7 trillion.
ICICI Prudential Asset Management Company has set a price band of Rs 2,061- Rs 2,165 per share for its Rs 10,600-crore initial public offering (IPO) that will open on Friday. At the upper end of the band, the country's largest asset manager will command a valuation of Rs 1.07 trillion.
The domestic initial public offering (IPO) market is experiencing a significant surge, fuelled by the financialisation of savings, digital ease of investing, and expanding participation from both retail and institutional investors, investment bankers said on Wednesday.
LG Electronics, the official sponsor for ICC World Twenty20, announced the third edition of their association with ICC and promoting the national spirit among the kids and realising their dream of walking with the cricket heroes to the ground through their unique campaign Lead XI.
LG Electronics, the official sponsor for ICC World Twenty20, announced the third edition of their association with ICC and promoting the national spirit among the kids and realising their dream of walking with the cricket heroes to the ground through their unique campaign Lead XI.
With several $500 million-plus deals in the pipeline -- including ICICI Prudential AMC, Lenskart, PhonePe, Groww, PhysicsWallah, Meesho, Pine Labs, and Zepto -- investment bankers look poised for another year of hefty bonuses in 2025.
'...aggressive pricing amid volatility, but these are exceptions.'
Dalal Street is buzzing with excitement, as some of the most-awaited IPOs are gearing up to hit the market. While some of these big companies are planning to join the stock exchanges towards the end of 2025, others are likely to be available for trading by the first half of 2026.
Sinha said the inauguration of the Kashmir rail service has connected the hearts of the people of Jammu and Kashmir with the rest of the country and will pave the way for the economic prosperity of the region.
In a significant administrative reshuffle, Jammu and Kashmir Lieutenant Governor Manoj Sinha ordered the transfer and posting of 48 J-K Administrative Service (JKAS) officers, potentially creating friction with the National Conference-led government in the Union Territory. The move, seen by many as an attempt by the LG to assert control over the bureaucracy, includes the transfer of 14 additional deputy commissioners and 26 sub-divisional magistrates. The timing of the order, coinciding with the elected government's wait for approval on business rules, raises concerns over power dynamics in the region.
More than a third of 83 mainboard IPOs this year ended their debut sessions in the red, with losses of up to 35 per cent.
'Will the LG be ready to rule with a light hand, having been vested with powers that amount to using a hammer to kill a fly?' asks Aditi Phadnis.
Lawyers were on strike against the LG's notification for the deposition of police personnel through video conferencing from police stations.
'If not bullish, volatility should be minimal.'
In a strategic move, LG Electronics has elevated K R Kim, managing director, LG Electronics India to the position of president of South West Asia LGE.
Lieutenant Governor Manoj Sinha asserts that the Indus Waters Treaty was a 'historic mistake' and its termination will greatly benefit Jammu and Kashmir by allowing it to harness its hydropower potential.
Aam Aadmi Party convenor Arvind Kejriwal took a jibe at the Centre after former Jammu and Kashmir Chief Minister Farooq Abdullah was not allowed to meet MP Sanjay Singh, who went to Srinagar to protest AAP MLA Mehraj Malik's arrest.
Jammu and Kashmir Lieutenant Governor Manoj Sinha announced that the terrorists responsible for the Pahalgam attack have been identified and will soon face consequences. He highlighted the progress in the region, including development projects and improved security, since the removal of Article 370.
Delhi Lt Governor V K Saxena has ordered an inquiry against private persons allegedly gathering personal details of women in the name of Mahila Samman Yojana, his office said on Saturday.
Climate activist Sonam Wangchuk called off his hunger strike as protests for Ladakh statehood and Sixth Schedule extension turned violent. The BJP office was set on fire, vehicles were torched, and clashes erupted, leading to the imposition of prohibitory orders.
In June, on a visit to Nainital in Uttarakhand, Dhankhar had collapsed at the Kumaon University.
Jammu and Kashmir Lieutenant Governor Manoj Sinha has cleared a resolution passed by Chief Minister Omar Abdullah-led cabinet urging the Centre to restore the statehood to the Union territory, officials said on Saturday.
The Congress party launched a scathing attack on the central government regarding the Pahalgam terror attack and Operation Sindoor, demanding accountability from Home Minister Amit Shah and clarification on the number of Indian jets downed during the operation.
Here's a quick look at who spoke in the Lok Sabha on the first day of the Operation Sindoor debate.
Many high-profile IPOs in India since 2021 have destroyed investor wealth due to overvaluation, weak business models, and post-listing disinterest, turning 1 lakh investments into as little as 3,500.
Mukesh Ambani's Antilia includes a private theatre that seats over 50, a snow room, and even an ice cream parlour. If that's not redefining home entertainment, what is?
Lieutenant Governor Manoj Sinha on Monday invited National Conference leader Omar Abdullah to take oath as first chief minister of the union territory of Jammu and Kashmir on October 16.
Delhi Lieutenant Governor VK Saxena expressed concern over AAP supremo Arvind Kejriwal labelling Atishi a "temporary chief minister" and called it a "flagrant disregard for the democratic spirit and values enshrined in the Constitution". In his letter to Atishi, Saxena said Kejriwal's remark was an insult to President Droupadi Murmu, who appointed her, as well as himself as her representative. Hitting back, Atishi alleged the lieutenant governor's office was working as a BJP "proxy" and asserted that Kejriwal was Delhi's "tallest leader".
Over 60 companies are ready to launch IPOs in the coming months.
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