City Kolkata Financial News

BSE SME with tentative listing date fixed as Monday, January 29, 2024. Euphoria Infotech India IPO was subscribed 383.86 times. The public issue subscribed 426.65 times in the retail category, 413.26 times in QIB, and 280.88 times in the NII category by January 24, 2024 6:00 PM.

Gainwell Commosales, India dealer of Caterpillar heavy equipment, on Wednesday acquired TIL Ltd (formerly Tractors India) and infused Rs 120 crore into the Kolkata-based construction equipment maker that includes Rs 70 crore for subscribing a preferential issue of equity shares. Gainwell, the Kolkata-headquartered capital goods manufacturer with presence in the mining, construction, energy, defence, railways, and heavy equipment sectors, plans to invest Rs 1,000 crore over the next three years with an aim to become a $1-billion company by 2028, a senior company executive said. The acquisition of TIL, done through group entity Indocrest Defence Solutions Pvt Ltd (IDSPL), is a strategic move to strengthen the company’s position in the heavy equipment manufacturing industry. A new six-member board of directors, headed by Gainwell chairman and managing director Sunil Kumar Chaturvedi as chairman and MD, replaced the previous TIL board on Wednesday. “The new management of TIL has devised a comprehensive two-year plan to revitalise the company that includes introducing new generational products as well as engineering and technology to refresh all its existing offerings,” Chaturvedi said. TIL’s product portfolio comprises a wide range of mobile cranes (rough terrain, truck cranes, industrial, and pick-n-carry cranes) lattice boom crawler cranes, reach stackers, and container handlers. The company also makes custom-made and application-specific defence equipment. Gainwell will use a mix of debt and equity to raise funds for its ambitious expansion plan.

₹503 crore for December quarter 2023-24. The Kolkata-based lender had logged a net profit of ₹653 crore in the same quarter a year ago.

Ram Lalla in Ayodhya. According to a report by Times of India, in different urban centres, numerous infants were delivered through C-sections, emphasizing the importance of aligning their births with the “Abhijit Muhurat" period between 11:45 am and 12:45 pm. Also Read: Ayodhya Ram Mandir Inauguration Live Dr Sharika Roy, another gynaecologist in Patna, disclosed that at least twelve parents wished for deliveries to occur on the day of the consecration ceremony.

Mamata Banerjee slammed BJP for resorting to vote bank politics ahead of elections and dividing votes on the basis of religion, hinting at Ram Temple consecration ceremony on Monday. Banerjee condemned the Babri Masjid demolition and divisive politics and spoke about religious inclusiveness.

Adani Power and Jindal Power are among companies likely to show interest in acquiring Hiranmaye Energy, a thermal power company which was recently admitted for corporate insolvency, said people aware of development. Hiranmaye Energy, formerly India Power Corp (Haldia), was admitted for corporate insolvency early this month at the behest of a petition filed by REC.

Big fat weddings have been urged to go local. So it’s goodbye Dubai, London, Maldives or Lake Como, and back to the drawing board. We know of at least three top business families—in Ahmedabad, Mumbai and Kolkata—that have had to search for desi alternatives at the last minute. Some have found a way out by hosting all the pre-wedding festivities in the original exotic locations as planned, while the big day is held back home. Considering that some A-list invitees were also wary of attending such shaadis after the Wed in India mission statement, this was a happy nuptial workaround. Life Moves OnTh

who spearheaded the TMC’s ‘Sanhati Rally’ on the day of Ram temple Pran Pratishtha ceremony, said, “They (BJP) talk about Lord Ram, but what about Goddess Sita? She was all along with Lord Ram during his exile. They don't speak about her as they are anti-women." Tap here to follow Ayodhya Ram Mandir Inauguration Live Updates "We are worshippers of Goddess Durga, so they should not try to lecture us about religion," the Trinamool Congress (TMC) chief was quoted by PTI as saying in Kolkata on Monday. ALSO READ: 'History unfolds' at Ayodhya Ram Mandir inauguration — 10 highlights from Pran Pratishtha led by PM Modi As the grand consecration ceremony took place at Ayodhya Ram temple, Mamata Banerjee began the all-faith harmony rally in Kolkata on Monday.

₹155.65 crore. The company currently has a fleet size of 64 aircraft, including 28 Airbus A320 and the rest are Boeing 737 family aircraft. It is set to increase substantially over this year as the airline is set to induct at least 40 out of the 190 Boeing 737 MAX aircraft that Air India has ordered.

aviation regulator DGCA to take strict action against the airline. IndiGo Airlines responded to the allegations and said that the flight was diverted due to bad weather conditions in Ranchi and all passengers were provided with meals. The airline added that it gave the option to passengers to either choose a refund or alternate flight.

Arvind Kejriwal, NCP chief Sharad Pawar, RJD patriarch Lalu Prasad, and Shiv Sena (UBT) leader Uddhav Thackeray have some other plans for the day. The Congress turned down the invitation for the 'Pran Pratistha' ceremony of Lord Ram Lalla. Senior Congress leaders--Mallikarjun Kharge, Sonia Gandhi, and Adhir Ranjan Chowdhury--have 'declined' the invitation to the grand event in Ayodhya.

Main Atal Hoon Box Office Collection Day 1: Pankaj Tripathi’s movie, Main Atal Hoon, opened with a lukewarm response at the box office. The biopic of former Prime Minister Atal Bihari Vajpayee, directed by Ravi Jadhav, earned ₹1 crore on its release day. The morning shows of the Bollywood movie had 6.11% occupancy, the afternoon shows 8.28% and the evening shows 8.28%.

BSE SME with tentative listing date fixed as Monday, January 29, 2024. Euphoria Infotech India IPO was subscribed 24.62 times. The public issue subscribed 61.05 times in the retail category, 0.22 times in QIB, and 21.01 times in the NII category.

Ramkrishna Forgings Ltd on Thursday posted a 43 per cent rise in consolidated net profit to Rs 86.86 crore during the December quarter on the back of higher income. The company had posted a net profit of Rs 61.04 crore in the year-ago period, the company said in an exchange filing. The company's total income in the third quarter of the current fiscal also rose to Rs 1,059.32 crore from Rs 778.22 crore in the year-ago quarter.

The Calcutta High Court on Thursday declined Bharatiya Janata Party (BJP) leader Suvendu Adhikari’s plea to stop the Trinamool Congress (TMC)’s “Sampriti” (harmony) rally scheduled for January 22, coinciding with the Ram Mandir inauguration in Ayodhya.

The unstoppable increase in homebuyers’ appetite for luxury residences firmly indicates that the demand for different categories of luxury properties has kept growing, showing no signs of tail-off. Unlike affordable housing, luxury housing has not witnessed a dry spell and enjoyed a phenomenal consumer demand in pre- and post-pandemic periods.

fixed deposits and savings accounts, followed by 16% in gold, 15% in mutual funds, 10% in real estate and 7% in stocks, a new survey shows. The survey, conducted by DBS Bank India and CRISIL, is in line with the behaviour trends from DBS Bank India’s own customer insights, which showed 10% of female customers have an active fixed deposit (FD) account compared with 5% for male customers.

most-watched film of 2023 on Disney+ Hotstar. Many wondered why they missed watching the movie in theatres. They argued that such an inspiring movie deserved more box office success.

Air India Express flight between Bengaluru, Kolkata, and Ayodhya. They both received the boarding pass for the first flight between Kolkata and Ayodhya. “In the last nine years, not only new airports have come up in Uttar Pradesh but with four international airports, Uttar Pradesh has become an important state in the field of air connectivity.

ITC Ltd on Tuesday said its Non-Executive Director David Robert Simpson has resigned due to personal reasons. His resignation will be effective from January 30, the Kolkata-headquartered company said in a regulatory filing. Simpson was on ITC board as a representative of Tobacco Manufacturers (India) Ltd, a subsidiary of British American Tobacco plc.

Enforcement Directorate (ED) on Monday conducted raids in several locations in Kolkata, West Bengal, linked to a recently arrested Trinamool leader Shankar Adhya in connection with the ration distribution case. The four places where the ED conducted search operations included the Salt Lake office of Adhya's Chartered Accountant, who reportedly used to manage the Trinamool leader's accounts. Adhya was arrested on January 5 by the agency that is probing money trail of various companies associated with Adhya and entities dealing in foreign exchange and transfers into foreign accounts, people in the know said.