[ad_1] A massive $17 billion drop in market value has made Life Insurance Corporation of India one of the biggest wealth destroyers in Asia’s initial public offerings this year. India’s biggest IPO of all time ranks second in terms of loss of market capitalization since listing, after a 29% drop since the beginning of May 17, according to data compiled by Bloomberg. The drop puts it just behind South Korea’s LG Energy Solutions Ltd., which saw its share price drop more than 30% for the first time since its initial…
Tag: loss
IFB Industries posted a loss of Rs 28 crore in the fourth quarter
[ad_1] IFB Industries It reported a consolidated net loss of Rs 28.29 crore for the fourth quarter ended March 31, 2022. IFB Industries said in a regulatory filing that the company had posted a net profit of Rs 7.71 crore in the January-March period a year ago. However, total income stood at Rs 904.86 crore during the quarter under review as against Rs 832.14 crore in the year-ago period. The total expenditure was Rs 948.30 crore as against Rs 802.19 crore earlier. Revenue from home appliances stood at Rs 702.12…