Band Financial News

Tolins Tyres will open for subscription on September 9. The issue will be available for investors to bid till September 11. The offer comprises a fresh equity sale of Rs 200 crore and an offer for sale (OFS) of Rs 30 crore. Under the OFS, promoters Kalamparambil Varkey Tolin and Jerin Tolin will offload part stakes in the company.

IPO) of Shree Tirupati Balajee Agro Trading will open for subscription on September 5. The company has fixed a price band of Rs 78-83 for the public offer, which will close on September 9. The IPO includes a Fresh Issue of up to 1.47 crore shares and an offer for sale (OFS) of up to 56.9 lakh shares by Binod Kumar Agarwal.

As of 11 am, the retail and non-institutional investor (NII) categories saw strong demand, with subscriptions at 2.74 and 2.15 times, respectively. The employee-reserved category was subscribed to 11.89 times, while the portion reserved for qualified institutional buyers (QIBs) did not receive any bids.

Aadar Jain, cousin of Bollywood stars Kareena Kapoor Khan and Ranbir Kapoor, has officially gotten engaged to his longtime girlfriend, Alekha Advani. The engagement took place in a picturesque beach setting, marking a new chapter in the lives of the couple. Aadar, known for his roles in Qaidi Band and Hello Charlie, shared glimpses of his dreamy proposal on social media. Dressed in a crisp white and blue striped shirt paired with white pants, Aadar was seen down on one knee, proposing to Alekha, who looked radiant in a sheer yellow dress. The couple’s love story unfolded against a backdrop of golden lights and a heart made of sand and rose petals. As Aadar slipped the ring onto Alekha’s finger, emotions ran high, with Alekha visibly moved, tears glistening in her eyes. The couple sealed the moment with a passionate kiss, and Aadar captioned the post, «My first crush, my best friend & now, my forever.»

₹835 crore at the upper end of its ₹370-389 price band. This would value Style Baazar at ₹2,900 crore, and it also intends to expand its footprint beyond its current geographical concentration in the eastern region. Could Style Baazar be the next fashion force to dominate the national stage? Style Baazar has demonstrated impressive financial growth in recent years.

Bajaj Finance and Bajaj Finserv, aims to raise approximately Rs 6,560 crore through the public offer. This will consist of Rs 3,560 crore from a fresh equity sale and Rs 3,000 crore from an offer for sale (OFS). The price band for the issue will be announced soon.

Forex reserves were up by $7.02 billion to touch an all-time high of $681 billion as of August 23, as per data released by the Reserve Bank of India on Friday. Earlier, reserves expanded by $4.54 billion to $674.66 billion for the week ending on August 16. Previously, Forex reserves had touched an all time high of $675 billion as of August 2, but had fallen $4.8 billion on August 9.

IPO) was subscribed 74.4 times on the final day of bidding on Thursday, attracting bids worth over ₹1.49 lakh crore. The strong demand was driven by institutional investors, who placed bids worth ₹1.2 lakh crore. The institutional demand for Premier Energies was second only to Tata Technologies. In November last year, the ₹3,042.5-crore IPO of Tata Technologies was subscribed 69.43 times, with institutional bidding amounting to ₹1.56 lakh crore.

₹3.5 lakh per year, and that too from non-IIT and non-NIT engineering colleges, according to an internal email sent to its employees that Mint has seen. Wipro resumes campus hiring in a fortnight’s time, the email mentioned. Starting salaries for employees from the Wipro’s ‘elite’ list of colleges have remained unchanged for at least a decade, the person cited above said.

Beyoncé backed Biden in 2020, this decision was divisive. Beyoncé's music was played by the Trump campaign at rallies in addition to social media posts. After allegedly threatening legal action, Beyoncé's team took down the offending video. But there was still controversy about her song's usage at a rally. The possibility of legal action was explored, even though her representatives remained silent, as per the reports of MSN.

Balu Forge Industries, which manufactures crankshafts and forged components, have rallied by over 1300% in the last 2 years. In just the last six months, the stock has delivered impressive multibagger returns of 250%. Last week, it rallied 33%, though it experienced some profit booking in Monday’s session, falling by 1.5%.

IPO) of Ecos Mobility and Hospitality has opened for subscription today and will be available for public to bid till August 30. The IPO is entirely an offer for sale (OFS) of 1.8 crore shares. Since the IPO is an OFS, all the proceeds will go to the selling shareholders.

Joshua Tree breakthrough was still two years in the future — so they knew a powerful performance in front of over a billion people would do wonders for their career. \Every act had about 20 minutes, so U2 carefully chose three songs. They’d start with Sunday Bloody Sunday, move into Bad, and then finish with a rousing rendition of Pride (In the Name of Love), their biggest single to that point.Things started well enough, but during Bad, Bono noticed a woman in the crowd named Melanie Hills.

German city of Solingen, police said.Police said that the perpetrator was on the run, German news agency dpa reported. It cited unidentified police sources as saying the weapon was believed to be a knife.

Maha Vikas Aghadi (MVA), a coalition of the Congress, Shiv Sena (UBT), and Nationalist Congress Party (SP), has called off its planned bandh on August 24 in Maharashtra following the Bombay High Court's intervention. The MVA initially called the bandh in response to the alleged sexual abuse of two kindergarten girls in the Badlapur district. The High Court noted that enforcing the bandh would paralyze normal life and cited its 2004 order declaring such bandhs unconstitutional. The Bombay High Court bench, composed of Chief Justice DK Upadhyaya and Justice Amit Borkar, heard two petitions challenging the band call. In its ruling, the bench said that significant losses could occur if political parties proceeded with the bandh. The court stated, «Until further orders all concerned are restrained from proceeding with the call for bandh on August 24 and also on any other further date. We are, prima facie, convinced the call given by political parties is a call to observe bandh tomorrow in the entire state of Maharashtra, which means a call for cessation of all kinds of activities which will result in the life of the state coming to a halt, that may entail heavy loss to industrial activities, business activities, economic activities and other such activities.»

Shiv Sena (UBT) chief Uddhav Thackeray on Friday expressed disagreement with a Bombay High Court order restraining political parties from calling a bandh, but asserted the opposition bloc MVA has withdrawn its proposed shutdown in Maharashtra on Saturday over a sexual abuse case in a school. Addressing a press conference, Thackeray said the Maha Vikas Aghadi (MVA) has called off the August 24 (Saturday) bandh after the HC order, but leaders and workers from opposition parties will protest against the Mahayuti government with black bands tied around their mouth across the state. The former CM, whose party is a constituent of the MVA, said he will also join the protest. «We don't agree with the High Court order on bandh,» Thackeray maintained. Earlier in the day, the HC restrained political parties or individuals from proceeding with a Maharashtra bandh over the sexual assault incident, on August 24 or any future date, saying such a protest will paralyse normal life. A division bench of Chief Justice D K Upadhyaya and Justice Amit Borkar said if political parties and individuals were not restrained from proceeding with the call for bandh on Saturday, huge losses, not only in terms of economy and business but also essential services and basic amenities, including health services will occur, which needs to be prevented.

Ecos Mobility and Hospitality has announced a price band of Rs 318-334 for its upcoming initial public offering (IPO), which will raise Rs 601.20 crore. The IPO will open for bidding on August 28 and close on August 30." The IPO size of Rs 601.20 crore is based on the upper end of the price band.

demand from local banks and corporates. A moderate rise in the dollar index also added to the weakness in the rupee. The local currency ended weaker by 3 paisa, ending at 83.95 versus the US dollar, as against its previous close of 83.922/$1, LSEG data showed. The rupee moved in a tight band of 83.937/$1 and 83.965/$1 on Thursday.

SME IPO of Forcas Studio received a healthy response from investors as the issue was subscribed to over 400 at close. Post the strong response, the company is likely to finalise the share allotment for the IPO today. Investors, who placed bids for the IPO, can check the status through the registrar or by visiting the NSE website.

Premier Energies has announced a price band of Rs 427-450 for its upcoming Rs 2,830 crore initial public offering (IPO) which will open on August 27. The IPO consists of a fresh issue of equity shares aggregating up to Rs 1,291 crore and an Offer for Sale (OFS) of up to 3.42 crore shares by the selling shareholders, which is equivalent to nearly Rs 1,539 crore based on the upper band price of Rs 450.

Forcas Studio issue, which opened for bidding on August 19, was subscribed 182 times on Wednesday so far, the final day of the bidding process. This was led by strong demand from retail and non-institutional investors. As of 12:45 pm, the retail investor category booked strong demand, bidding for 43.15 crore shares by 2.67 lakh applicants. The non-institutional investor (NII) category witnessed a bid for 15.21 crore shares, while the qualified institutional buyers had bid for 2.83 crore shares.