Band Financial News

After a brush with $2,000 at the start of August, gold futures are back at their tiring mid-to-lower $1,900 range. Spot gold, more closely followed than futures by some traders, is emerging from a one-month low beneath $1,922.

Shibani Sircar Kurian, Senior EVP, Fund Manager & Head -Equity Research, Kotak Mahindra AMC, says “despite market volatility, clearly the good part has been that the SIP flows have been consistent and have in fact even gone up and therefore there is a considerable amount of maturity that has come in where retail equity investors are concerned either directly or through the mutual fund route and so from that perspective this bodes well for the entire spectrum of asset managers, brokers, wealth managers and the like.”SIP data has surged back to all-time high and for the first time ever has crossed Rs 15,000 crore a month mark. It surely is a vibrant market seemingly but it appears that real flows are coming back especially to midcaps and smallcaps. How do you see this entire collection of stocks? Do you find value in them or do some of them appear stretched now?Overall, what has been happening not just now but over the last maybe three, three-and-a-half years has been the sharp change in terms of how retail behaviour has been in the equity market space and despite market volatility, clearly the good part has been that the SIP flows have been consistent and have in fact even gone up and therefore there is a considerable amount of maturity that has come in where retail equity investors are concerned either directly or through the mutual fund route and so from that perspective this bodes well for the entire spectrum of asset managers, brokers, wealth managers and the like.

₹147 per share, 42.7 percent higher than the issue price of ₹103 on the NSE SME exchange. Zeal Global Services share price extended gains posting and were locked at 5% upper circuit after making a strong debut. Zeal Global Services share price closed at ₹154.35 apiece.

NAIROBI—American military commanders were dismayed last month when a clique of top army officers seized power in Niger, the U.S.’s main ally in the fight against Islamist militants in West Africa. What stung perhaps most sharply were televised images of one particular man, Brig. Gen.

The central bank is expected to hold policy rates steady but could turn more hawkish given that inflation in July is likely to have risen above its comfort band. Reducing surplus liquidity, which could fuel inflation, could be one way of signalling a tougher stance. «Liquidity is an area where RBI could surprise markets by being more hawkish than perceived,» said Ashutosh Tikekar, head of global markets — India at BNP Paribas.

IPO subscription status can be seen as the issue received total bids for 36.42 crore equity shares as against 1.46 crore shares on the offer. The finalisation of Concord Biotech IPO allotment is expected to take place on August 11, while refunds will be initiated on August 14. The shares will be credited to the demat accounts of eligible investors on August 17.

technology companies Microsoft and IBM. Their collaboration aimed to champion the ethical advancement of AI and advocate for the oversight of invasive technologies like facial recognition.

₹151-166 per share. The company aims to raise 153.05 crore from this book-built issue.

India's retail inflation likely accelerated to 6.40% in July on surging food prices, breaching the upper end of the Reserve Bank of India's 2%-6% tolerance band for the first time in five months, a Reuters poll of economists found. Food prices, which account for nearly half of the inflation basket, have soared in the last two months largely due to an erratic monsoon throughout the country, pushing tomato prices at wholesale markets up more than 1,400% in the past three months. That will hit the vast majority of India's population who make up the poor and middle classes.

New Delhi: The Telecom Regulatory Authority of India has recommended creation of a new category of license called the Digital Connectivity Infrastructure Provider (DCIP) which will be allowed to create active as well as passive digital connectivity infrastructure. The license category will be an authorisation under the unified license and would not be levied any license fees, but a one-time entry fee of ₹2 lakh and processing fee at ₹15,000 will be charged.

Corey Feldman, 52, has revealed that he is undergoing separation from wife Courtney Anne Mitchell, 34, after seven years of marriage due to her ongoing health issues. In a statement shared with People, Feldman expressed his sorrow over the decision, emphasizing that the separation was a result of challenging circumstances and personal growth rather than placing blame. He conveyed his enduring love and respect for Mitchell, acknowledging their shared experiences.

Vodafone Idea (Vi) and Adani Data Networks are unlikely to be given any extension or exemption from meeting the minimum rollout obligations related to 5G airwaves in the mid band (3300-3600 MHz) and 26 GHz bands and may need to pay financial penalties for the circles that they don't meet the milestones. As per officials, the two firms had sought relaxations for meeting 5G minimum roll out norms.

Music obsessives of a certain stripe—the type of people who make endless Top 5 lists and recognize themselves in the characters from the 2000 film “High Fidelity," say—like to argue about the best band or act of a given decade. The Beatles in the ’60s is a common choice, as is Prince in the ’80s. Competition is especially fierce in the ’70s, the height of the LP era, when music sat at the center of the pop-culture conversation.

Sangani Hospitals IPO: The initial public offering (IPO) of Sangani Hospitals was subscribed 4.54 times on the third and last day of its issue, according to subscription data on the stock exchanges. The Gujarat-based multi-specialty healthcare services provider's IPO opened for subscription on August 4 and closed on August 8. Sangani Hospitals IPO is an SME IPO that will list on NSE Emerge, a platform for small and medium enterprises (SME).

₹40 to ₹42 per equity share and the Srivari Spices shares will be listed on the NSE SME exchange Friday, 18 August. Srivari Spices and Foods IPO plans to raise ₹9 crore and the total of 2,142,000 shares have been offered. The company plans to use the net proceeds to fund working capital requirements and meet general corporate expenses.

₹162 to ₹165 per equity share and the Yudiz Solutions shares will be listed on the NSE SME exchange Thursday, 17 August. Yudiz Solutions IPO plans to raise raise ₹44.84 crore via the IPO. The blockchain, AI and gaming focused enterprise solutions technology company, will offload a public issue consisting of a fresh 27,17,600 equity shares of the face value of ₹10.

Kfin Technologies Ltd. Investors can find out if and how many shares they have been given through the basis of allotment. The initiation of the refund process will start on Friday, August 11, for individuals not given shares.

IPO Subscription Status: The initial public offering (IPO) of Concord Biotech Limited has been subscribed 24.79 times in total so far on August 8, the third and final day of the bidding process. The public issue of late ace investor Rakesh Jhunjhunwala’s RARE Trusts-backed biotechnology company received bids for 36.31 crore equity shares as against 1.46 crore shares on the offer. Concord Biotech IPO’s retail category was booked 3.64 times, while the Non-Institutional Investors (NII) category was subscribed 16.95 times.

Also Read: TVS Supply Chain IPO opens this week. GMP, price, other details you should know If you have applied for the Oriana Power Limited IPO, you can check your Oriana Power IPO allotment status immediately on the website of the IPO registrar, Skyline Financial Services Private Ltd. You can check the Oriana Power IPO allotment status of your application on the Oriana Power allotment link - https://www.skylinerta.com/ipo.php Visit the above link which will take you to Oriana Power limited IPO's registrar's website i.e Skyline Financial Services Private Ltd.

What is the business overview of TVS Supply Chain? TVS Supply Chain is among India’s largest and fastest growing integrated supply chain solution providers in terms of revenues and revenue growth, respectively, in FY23. The company has a network across the value chain with cross deployment abilities.

India to an end, through the slogan ‘Do Or Die’. This slogan, which was raised at the Bombay session of the All India Congress Committee on 9 August 1942, signalled the beginning of one of the most powerful anti-colonial movements in the world — the Quit India Movement (also known as the Bharat Chhoro Andolan). The ‘Do Or Die’ slogan galvanised the masses to a nationwide protest. However, the leaders soon got arrested. That didn’t stall the protest in the least. People took to the streets, destroying railway lines, and police stations were set ablaze. However, the role of women in keeping the protests going on despite innumerable obstacles and open hostility from the British government is often overlooked.