INSANE: 2 - The Real Truth

Logistics firm Delhivery has promoted six senior executives to C-suite positions. These appointments support the company's expansion across its business verticals. The move strengthens leadership as Delhivery scales operations. The company also announced new board appointments and a recent board member's departure. These changes reflect Delhivery's growth strategy and commitment…

Delhivery's operating revenue surged 30% in the January-March quarter. The express parcel business saw a significant volume increase. However, net profit stayed steady. Integration costs from an acquisition and rising input expenses impacted profitability. The company remains confident in its medium-term growth despite a volatile operating environment.

MUMBAI: The total amount raised through initial public offerings (IPOs) more than halved to Rs 52,116 crore in FY23 from an all-time high collection of Rs 1,11,547 crore in the previous fiscal, according to an analysis.

The immense market volatility caused by recession worries due to aggressive policy tightening by the Fed to lessen inflationary pressure has led to several quality stocks currently trading at reasonable prices. Given the long-term prospects of Qualcomm (QCOM), FedEx (FDX), Mærsk A/S (AMKBY), STMicroelectronics (STM), and Agilent Technologies (A), we…

NEW DELHI: Supply chain company Delhivery has received capital markets regulator Sebi's approval to raise Rs 7,460 crore through an initial public offering (IPO). The IPO comprises fresh issuance of equity shares worth Rs 5,000 crore and an offer for sale (OFS) component of Rs 2,460 crore by existing shareholders,…