Latest news with #SEPO
Time of India
13 hours ago
- Business
- Time of India
Obesity drugmaker Novo Nordisk cuts 2025 sales growth, operating profit outlook
Obesity drugmaker Novo Nordisk warned on Tuesday that full-year sales and operating profit would grow less than previously expected, marking its second forecast cut of 2025. The maker of weight-loss drug Wegovy is struggling to convince investors it can remain competitive in the obesity drug boom against U.S. rival Eli Lilly. Novo shares have fallen sharply over the past year. Explore courses from Top Institutes in Please select course: Select a Course Category Leadership CXO MBA Product Management Artificial Intelligence Project Management MCA others Data Science Cybersecurity Healthcare Operations Management Management PGDM Degree Technology Design Thinking Digital Marketing Data Science healthcare Public Policy Data Analytics Others Finance Skills you'll gain: Duration: 22 Weeks Indian School of Business SEPO - ISB Venture Capital & Private Equity India Starts on undefined Get Details Skills you'll gain: Strategic Thinking & Planning Competitive Advantage & Market Positioning Strategic Leadership & Decision-Making Change Management & Organizational Transformation Duration: 1 Year IIM Kozhikode IIMK Advanced Strategic Management Programme Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode SEPO - IIMK CEO Programme India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Indore Executive Programme in Business Management Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML SLP India Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Senior Management Programme Starts on undefined Get Details Skills you'll gain: Financial Accounting & Analysis Financial Instruments & Markets Corporate Finance & Valuation Investment Management & Banking Duration: 12 Months IIM Kozhikode IIMK Professional Certificate in Financial Analysis and Financial Management Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Advanced Strategic Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details Skills you'll gain: Duration: 12 Weeks IIM Kozhikode CERT-IIMK EPIS Async India Starts on undefined Get Details Skills you'll gain: Critical Thinking & Decision-Making Skills Power of Emerging Technologies Innovation and Drive Organizational Change Fostering a Culture of Innovation Duration: 9 Months MIT xPRO MIT Technology Leadership and Innovation Starts on May 14, 2024 Get Details Skills you'll gain: Opportunities & Outlining Plans to use AI & ML Applying Data-Driven Business Innovation Best Practices Changing Culture to Integrate AI-Enabled Technologies Ethics, Privacy and Regulations in AI & ML Duration: 20 Weeks Indian School of Business ISB Leadership in AI Starts on May 14, 2024 Get Details "The lowered sales outlook for 2025 is driven by lower growth expectations for the second half of 2025," the company said in a statement. "This is related to lower growth expectations for Wegovy in the U.S. obesity market , lower growth expectations for Ozempic in the U.S. GLP-1 diabetes market, as well as lower-than-expected penetration for Wegovy in select IO markets," it said. Novo now expects 2025 sales growth of 8%-14% in local currencies, down from its previous 13-21% range. It also lowered its operating profit growth forecast to 10%-16%, from a prior outlook of 16-24%. Live Events Economic Times WhatsApp channel )
Time of India
a day ago
- Business
- Time of India
Aditya Infotech IPO opens for subscription. Should you apply?
The Rs 1,300 crore initial public offering (IPO) of Aditya Infotech Ltd. opened for subscription today, July 29, and will remain open until July 31. The company, a technology solutions provider specializing in security surveillance and enterprise communication systems, has fixed a price band of Rs 640–675 per share. The issue is entirely a fresh offer of 1.93 crore shares and will be listed on both BSE and NSE. Aditya Infotech IPO GMP Explore courses from Top Institutes in Please select course: Select a Course Category Leadership Finance Data Science Product Management others Data Analytics healthcare CXO MBA MCA Management Operations Management Others Healthcare Technology Project Management Artificial Intelligence Data Science Public Policy PGDM Design Thinking Digital Marketing Cybersecurity Degree Skills you'll gain: Duration: 12 Months IIM Kozhikode Senior Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Indore Executive Programme in Business Management Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Advanced Strategic Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 22 Weeks Indian School of Business SEPO - ISB Venture Capital & Private Equity India Starts on undefined Get Details Skills you'll gain: Duration: 12 Weeks IIM Kozhikode CERT-IIMK EPIS Async India Starts on undefined Get Details Skills you'll gain: Strategic Thinking & Planning Competitive Advantage & Market Positioning Strategic Leadership & Decision-Making Change Management & Organizational Transformation Duration: 1 Year IIM Kozhikode IIMK Advanced Strategic Management Programme Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details Skills you'll gain: Opportunities & Outlining Plans to use AI & ML Applying Data-Driven Business Innovation Best Practices Changing Culture to Integrate AI-Enabled Technologies Ethics, Privacy and Regulations in AI & ML Duration: 20 Weeks Indian School of Business ISB Leadership in AI Starts on May 14, 2024 Get Details Skills you'll gain: Critical Thinking & Decision-Making Skills Power of Emerging Technologies Innovation and Drive Organizational Change Fostering a Culture of Innovation Duration: 9 Months MIT xPRO MIT Technology Leadership and Innovation Starts on May 14, 2024 Get Details Skills you'll gain: Financial Accounting & Analysis Financial Instruments & Markets Corporate Finance & Valuation Investment Management & Banking Duration: 12 Months IIM Kozhikode IIMK Professional Certificate in Financial Analysis and Financial Management Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode SEPO - IIMK CEO Programme India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML SLP India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Are you Smarter than Average? Test Now! Try Now Undo The grey market premium (GMP) for the IPO was hovering around Rs 40–45 at the time of opening, indicating mild listing gains. However, the final response will hinge on institutional investor demand and broader market conditions. Business Overview and Financials Aditya Infotech is a leading value-added distributor (VAD) in India for electronic security equipment. The company partners with global brands like Dahua, Seagate, TP-Link, Panasonic , and others, distributing across 650+ cities with over 15,000 channel partners. Its portfolio includes video surveillance products, access control systems, and networking solutions—catering to government, corporates, and SMEs. Live Events Between FY22 and FY24, the company's revenue grew at a CAGR of 24%, from Rs 2,090 crore to Rs 3,212 crore. PAT grew from Rs 102 crore in FY22 to Rs 210 crore in FY24. EBITDA margins improved slightly from 9.6% to 10.7% over the same period. However, analysts note that the business remains working capital intensive and exposed to global supply chain risks. Valuation and Recommendation At the upper price band of Rs 675, Aditya Infotech is valued at a P/E of 36.2x on FY24 earnings, which is at a premium to industry peers like Redington and Ingram Micro. The IPO aims to raise funds primarily for working capital needs (Rs 600 crore), with the rest for general corporate purposes. Brokerage firm Bajaj Broking has rated the IPO as 'Subscribe with Caution'. While acknowledging the company's strong brand partnerships, consistent growth, and deep distribution network, the note flags its high valuation and moderate return ratios (RoE 22%, RoCE 20%) as concerns. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
a day ago
- Business
- Time of India
Jane Street seeks time to respond to Sebi's charges
Mumbai: Jane Street has written to the Securities and Exchange Board of India ( Sebi ) seeking more time to respond to the market regulator's allegations that it engaged in market manipulation in the local derivatives market . "We are engaging constructively with Sebi and have sought an extension to respond to the interim order issued on July 3," Jane Street said in a statement on Monday. The Wall Street major didn't reveal in the statement how much time it has sought to respond to the regulator. But market sources close to the development said the trading firm has also sought inspection of documents relied upon as evidence by the regulator while it passed the 105-page order early July. Explore courses from Top Institutes in Please select course: Select a Course Category Leadership MCA Public Policy Operations Management Artificial Intelligence Digital Marketing Project Management PGDM Healthcare Cybersecurity Degree Management Data Science Data Science CXO Data Analytics Design Thinking Product Management Others healthcare others Technology Finance MBA Skills you'll gain: Critical Thinking & Decision-Making Skills Power of Emerging Technologies Innovation and Drive Organizational Change Fostering a Culture of Innovation Duration: 9 Months MIT xPRO MIT Technology Leadership and Innovation Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode SEPO - IIMK CEO Programme India Starts on undefined Get Details Skills you'll gain: Duration: 22 Weeks Indian School of Business SEPO - ISB Venture Capital & Private Equity India Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Advanced Strategic Management Programme Starts on undefined Get Details Skills you'll gain: Strategic Thinking & Planning Competitive Advantage & Market Positioning Strategic Leadership & Decision-Making Change Management & Organizational Transformation Duration: 1 Year IIM Kozhikode IIMK Advanced Strategic Management Programme Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Senior Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Duration: 12 Weeks IIM Kozhikode CERT-IIMK EPIS Async India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML SLP India Starts on undefined Get Details Skills you'll gain: Opportunities & Outlining Plans to use AI & ML Applying Data-Driven Business Innovation Best Practices Changing Culture to Integrate AI-Enabled Technologies Ethics, Privacy and Regulations in AI & ML Duration: 20 Weeks Indian School of Business ISB Leadership in AI Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 10 Months IIM Indore Executive Programme in Business Management Starts on undefined Get Details Skills you'll gain: Financial Accounting & Analysis Financial Instruments & Markets Corporate Finance & Valuation Investment Management & Banking Duration: 12 Months IIM Kozhikode IIMK Professional Certificate in Financial Analysis and Financial Management Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Villas In Dubai | Search Ads Get Rates Undo Sebi had asked Jane Street to respond within 21 days to its interim ex-parte order. The deadline ended last week. "Jane Street is committed to conduct that upholds the integrity of India's capital markets and contributes to their continued development," the firm said. Earlier this month, Sebi had barred Jane Street from accessing the securities market for allegedly manipulating stock indices through large derivative positions mostly on the Bank Nifty . It had also directed it to return ₹4,844 crore of 'unlawful gains' from the allegedly manipulated trades. Live Events Within a few days after the order, the firm complied with the directions and deposited the amount in an escrow account. Following which, its trading ban was lifted by the regulator. "We take pride in the role we serve in markets around the world, and it's painful to have our firm's reputation tarnished by a report based on so many erroneous and unsupported assertions," Jane Street told its staff on July 6.
Time of India
2 days ago
- Business
- Time of India
Omaxe raises Rs 500 crore from Oaktree as growth capital
New Delhi-based real estate developer Omaxe has raised Rs 500 crore from funds managed by Oaktree Capital Management , a global investment managers specializing in alternative investments. In January 2024, the builder had raised Rs 450 crore from Kotak Mahindra Bank Limited. 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The remaining Rs 160 crore was dedicated to the development of projects. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Struggling With Belly Fat? Try This at Home Home Fitness Hack Shop Now Undo The current funding is growth capital for Omaxe's ongoing projects across key markets such as New Chandigarh , Lucknow, Ludhiana, and Faridabad , along with flagship developments like Omaxe State in Dwarka, the upcoming integrated township in Amritsar , and a new township project in Indore. 'This fund infusion enables us to move faster on construction, reduce market dependence, and strategically invest in new opportunities that align with our core markets,' said Mohit Goel, Managing Director, Omaxe Ltd. Live Events In the last two financial years, Omaxe has repaid net Rs 1285 crore to lenders as principal payment, reducing overall net debt to Rs 300 crore. The company sold properties over Rs 3000 crore in FY25. 'With no immediate liability to repay, most of the funds would be used for faster execution and create additional headroom to explore expansion in select markets,' said Atul Banshal, Director – Finance, Omaxe Ltd. Omaxe has delivered over 140.17 million sq. ft. of real estate and construction contracting projects to date as of March 31, 2025, with presence in 8 states and 31 cities. Its portfolio includes integrated townships, group housing, shopping malls, office spaces, and infrastructure-led developments, with a focus on timely delivery and long-term value creation for customers and investors alike. Recently, Omaxe acquired 450-acre land in Indore to develop an integrated township with an investment of Rs 1,200 crore. The company is expected to generate Rs 2,500 crore in revenue over the next three years. Earlier, the company had said that it is investing Rs 1,000 crore in developing a township in Amritsar, Punjab. Omaxe has acquired 260 acres of land for this township, and in the first phase, it is developing 127 acres.
Time of India
2 days ago
- Business
- Time of India
Monsoon rains 7% above normal but uneven across regions, shows IMD data
India has recorded 7% more rainfall than normal since the onset of the monsoon on June 1, but the seasonal showers have been unevenly distributed across states, according to India Meteorological Department (IMD) data. The country received 447.8 mm of rain against a normal of 418.9 mm during this period, with large variations between regions. 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Similarly, Ladakh, which normally gets little rain, saw 30 mm against 10.7 mm, 181 % above normal. Live Events Nagaland and Manipur received 514.5 mm and 457.9 mm, close to normal, while Sikkim recorded 598.4 mm, 78 % higher than usual. States and Union territories that received "excess" rainfall (20 to 59 % more than normal) include Madhya Pradesh, Gujarat, Dadra and Nagar Haveli and Daman & Diu, Jharkhand and Assam. Madhya Pradesh recorded 645.8 mm against 418.4 mm, 54 % above normal. Gujarat received 463.2 mm, 35 % more, while the UT of Dadra and Nagar Haveli and Daman & Diu saw 1466.1 mm compared to 1153.8 mm, an increase of 27 %. Most states, including Uttar Pradesh, Uttarakhand, Himachal Pradesh, Punjab, Delhi, Haryana, Maharashtra, Karnataka, Kerala, Tamil Nadu, Odisha, Goa, Tripura, Mizoram, West Bengal, Jammu and Kashmir, Chhattisgarh, Puducherry and Andaman and Nicobar Islands, have received "normal" rainfall, with figures within 19 % of the average. Deficient rainfall (20 to 59 % less than normal) has been reported in Arunachal Pradesh, Assam, Bihar, Delhi, Maharashtra, and Lakshadweep. Arunachal Pradesh recorded 521.8 mm against 942.2 mm, a 45 % shortfall, while Bihar received 272 mm, 43 % less than the normal 474.2 mm. In May, the IMD had forecast that India is likely to receive 106 % of the long-period average rainfall of 87 cm during the June-September monsoon season. Rainfall between 96 and 104 % of this 50-year average is considered 'normal'. Above-normal rainfall is expected in most parts of the country, except Ladakh, adjoining areas of Himachal Pradesh, the Northeast and some parts of Bihar, Jharkhand, West Bengal and Odisha. Some isolated areas in Punjab, Haryana, Kerala and Tamil Nadu may record below-normal rainfall, the IMD had said. The monsoon is crucial for India's agriculture sector , which supports the livelihood of around 42 % of the population and contributes 18.2 % to the GDP. It also plays a key role in replenishing reservoirs essential for drinking water and power generation.
