Band Financial News

Telecom operators have sought a reassessment of the government’s draft policy around establishing direct-to-mobile (D2M) networks to ensure a level-playing field, and have warned of the possibility of regulatory arbitrage if such a policy is implemented hurriedly. The government is exploring a proposal for D2M networks that will enable beaming of TV channels on mobiles without a cellular data connection. Telcos have been opposing any hasty decision as the technology is still immature. “It’s crucial to ensure that any D2M service implementation aligns with national legal and technical standards and does not result in regulatory arbitrage in providing the content services on mobile handsets,” the Cellular Operators Association of India (COAI), which represents Reliance Jio, Bharti Airtel and Vodafone Idea, said in a statement Monday. The telco industry body has called for a re-evaluation of aspects around level-playing field, spectrum allocation, network integration and regulatory /cost arbitrage.

Considering the upper price band of Rs 331, the stock is expected to list at a premium of 12% However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly. «The company has carved a niche with its diverse product range and tailored solutions. However, financial hiccups, including past losses and a negative return on equity, cast a shadow on Jyoti's otherwise attractive profile.

Members of a group of men who say they were sexually abused as boys by a Japanese entertainment mogul are accusing the company behind the scandal of not being sincere in dealing with the victims and say many have not received compensation

Analyzing the US dollar index, the daily chart immediately reveals a squeeze following the weakening of the downward momentum.

Jyoti CNC Automation IPO: After the allotment of shares, investors are eagerly waiting for the Jyoti CNC Automation IPO listing date, which is most likely on 16th January 2024. In the wake of T+3 listing rules, which have become mandatory from 1st December 2023, Jyoti CNC Automation share price is most likely to hit the Indian stock market on 16th January 2024 i.e. tomorrow.

₹397 to ₹418 per equity share. The book build issue is proposed for listing on BSE and NSE. Medi Assist Healthcare IPO is a book built issue of ₹1,171.58 crore.

IPO) of Medi Assist Healthcare opens for subscription today. The issue, which closes on January 17, is completely an OFS of 2.8 crore shares. Ahead of the issue launch, the company has raised Rs 351 crore from anchor investors. Prominent names who participated in the anchor round include Nomura, Goldman Sachs, Pinebridge Global, Troo Capital and HSBC. The company will not receive any funds from the IPO since it is completely an OFS and the entire proceeds will go to the selling shareholders. Medi Assist Healthcare provides third party administration services to insurance companies through its wholly owned subsidiaries. A third party administrator is an organization that processes health insurance claims for insurance companies and provides services such as policy administration, customer service and network management, among others. Some of the company's strengths include a well established business model, scalable technology-enabled infrastructure, longstanding relationships with the majority of insurance companies and experienced management team and marquee shareholders. Read more: IPOs this week: Medi Assist Healthcare, 2 SME issues on the radar for investors

Medi Assist Healthcare IPO: The mainboard initial public offering (IPO) of the insurance-tech company has opened today and it will remain open till 17th January 2024. The company is a third-party administration (TPA) services provider to insurance companies and offers medical insurance and cashless hospitalization through a network of healthcare service providers. The insurance-tech company has fixed Medi Assist IPO price band at ₹397 to ₹418 per equity share.

Medi Assist Healthcare IPO: The mainboard initial public offering (IPO) of insurance-tech company will be opening for subscription from tomorrow, January 15, 2024. The company is a third-party administration (TPA) services provider to insurance companies and offers offers medical insurance and cashless hospitalization through a network of healthcare service providers. The company also acts as a mediator between general and health insurance companies and their insured members, insurance companies and healthcare providers (such as hospitals), and the government and beneficiaries of public health schemes.

no proposal as of now to remove export restrictions on wheat, rice, and sugar. And India will not import wheat and sugar," Piyush Goyal told reporters.

Konstelec Engineers IPO: The initial public offering (IPO) of Konstelec Engineers Pvt Ltd is going to hit the Indian primary market on 19th January 2024 i.e. on Monday next week. The public issue will remain open for bidders till 22nd January 2024.

Medi Assist Healthcare IPO: The initial public offering (IPO) of Medi Assist Healthcare Limited is going to hit the Indian primary market on 15th January 2024 i.e. on Monday next week. The public issue will remain open for bidders till 17th January 2024.

Jyoti CNC Automation IPO: Allotment status of the initial public offering (IPO) of Jyoti CNC Automation Limited has been declared. Those who have applied for the public issue can check the Jyoti CNC Automation IPO allotment status online by logging in at the BSE website or the website of its official registrar.

Artificial Intelligence is being used for the first time to identify the best marching contingent. As you know all the marching contingents do drills and do drills correctly." The Indian Army will celebrate its 76th Army Day in Lucknow, Uttar Pradesh, on January 15. "The event is being conducted out of the national capital for the second time as part of the Government of India's initiative to take major events away from the national capital region to different parts of the country.

marching contingent in this year's Army Day Parade in Lucknow will be selected using artificial intelligence, a senior officer said on Friday. Briefing reporters at his office, Army Day Parade Commander Major General Salil Seth said, «Artificial Intelligence is being used for the first time to identify the best marching contingent. As you know all the marching contingents do drills and do drills correctly.» «There is a correct pattern of doing the drills — raising your hands to a certain level, raising your legs to a certain level, doing your movement with the weapon within a certain timeframe.

₹143 apiece. Shree Marutinandan Tubes Ltd IPO lot size consists of 1,000 shares.

retail inflation surged 5.69 per cent in December on an annual basis as against 5.55 per cent in November, data released by the Ministry of Statistics & Programme Implementation showed on Friday. The number has remained within the Reserve Bank of India's (RBI) tolerance band of 2-6 per cent. In the December policy meeting, the Reserve Bank of India (RBI) left the inflation aim unchanged at 5.4 per cent. In the August policy, the RBI MPC had raised its FY24 inflation forecast to 5.4 per cent from 5.1 per cent. «There has been broad based easing in core inflation, which is indicative of successful disinflation through monetary policy actions.

SME IPO of Australian Premium Solar India was subscribed 39 times so far on the second day of the bidding process. The issue closes on January 15. The IPO is entirely a fresh equity issue of up to 52 lakh equity shares aggregating to Rs 28.08 crore.

Australian Premium Solar India opened for subscription on Thursday. The issue, which closes on January 15, is getting solid response from investors with the overall subscription at nearly 12 times within hours of opening.

Heritage Foods, Bank of India and Sharda Motor Industries. The brokerage believes investors can buy these stocks at current market price and add on dips for a time horizon two to three quarters. Also Read: Day trading guide for stock market today: Six stocks to buy or sell on Thursday — 11th January Heritage Foods has a strong balance sheet with low debt, improving margins and operating cash flows.

Republic Day Celebrations: Rehearsals for the grand Republic Day parade have begun near India Gate in central Delhi, weeks ahead of the national celebration, as per a PTI report. As rehearsals get into full swing, the report said traffic disruptions are expected near India Gate for more than four hours, as per alerts from the city police. In particular, the Delhi traffic police have urged the public to steer clear of Vijay Chowk and intersections around the landmark.