Booking Financial News

₹418.01 crore worth IPO is a combination of fresh issue of 1.6 crore equity shares aggregating to ₹325 crore and offer for sale (OFS) component of 46 lakh shares aggregating to ₹93.01 crore.DEE Development IPO price band has been set at ₹193 to ₹203 per share. The IPO lot size is 73 shares.

Naval Ravikant, the Indian-American entrepreneur and investor who transcends the ordinary. As one of the most prominent venture capitalists, his name resonates powerfully in the investment realm.Engaging with Naval reveals a distinctive perspective on character; he sees personal growth as inseparable from professional development.

Accenture Q3 results: Revenue touches $16.5 billion, cash dividend at $1.29 per shareIndian IT stocks rose after Accenture's earnings, boosting hopes that the worst was behind and that the sector may see demand revival.Accenture's earnings are seen as a performance indicator of Indian IT players, and they are keenly observed by IT sector experts and investors. It also indicates the demand for IT services worldwide."Accenture maintained FY2024 guidance at the midpoint of 2 per cent with nearly 3 per cent inorganic component.

Stock Market News: Domestic equity benchmark indices, the Sensex and the Nifty 50, began Friday's session with modest gains amid mixed global cues. Following Accenture's optimistic revenue projection, information technology (IT) stocks rose. Nifty IT increased by 2% as a US-based industry bellwether predicted higher-than-expected full-year sales growth.

Rahul Jain, Vice-President -Research, Dolat Capital, says that Accenture’s improved order book is led by them providing the right solutions which the clients are needing. So, essentially, this is led by their own effort and there is not much of a change in the environment. Probably that’s why despite a very strong order book they did not comment anything beyond the current fiscal in terms of qualitative or quantitative aspect. What does the lowered revenue guidance by Accenture suggest to you about the company and the sector? What is your reading? Rahul Jain: Apart from the results, we also followed the commentary in the earnings call and what they are trying to indicate – the one positive data that came out was from an order book perspective, but management was clear that there is no change in the discretionary demand or overall client sentiment in terms of their spending. But this order book is led by them providing the right solutions which the clients are needing.

Rajat Sharma, Founder & CEO, Sana Securities, says initiating a lot of buying right now in technology and pharma sectors. Technology as a sector has done nothing. There is some kind of perception that Indian companies have not caught up with the whole artificial intelligence, with the whole AI theme and the stocks. If we look at how stocks in the US have moved, how Nasdaq has moved, the Indian IT sector has completely lagged behind and pharma is the other one. Considering you have been bullish on the private sector banks, you must be smiling right now. Rajat Sharma: No, actually, I have really not been bullish on private sector banking. The only bank from the private sector space that I have in my portfolio is Federal Bank and that is because I am positive on smaller private sector banks like IDFC First and Federal Bank. What I had said was, the larger private sector banks like HDFC Bank, IndusInd Bank, Axis Bank have really not delivered any return in the last three years or so.

«Coming to private sector banks in particular, the growth is going to be strong in FY24, particularly second half, in terms of the loan book growth,» says Rajesh Kothari, CIO, AlfAccurate Advisors. Let us start off with banks, exactly what our experts were talking about because seems like that is where valuation comfort is. The FIIs clearly making a comeback and their first port of call is private banks. Do you believe this is going to be a sustainable move? Rajesh Kothari: Well, I think entire banking and finance if we divid it into multiple sub-segments, so we have private sector banks, then we have PSU bank, then we have NBFCs, and then there is something called others, which includes insurance, asset management companies, wealth management companies and exchanges.

Anuj Rathi has joined as the chief business and growth officer of Flipkart’s travel booking unit Cleartrip, Rathi announced in a LinkedIn post on Thursday. A former Flipkart executive, Rathi was most recently the chief product and marketing officer at fintech firm Jupiter, and is replacing Flipkart veteran Ayyappan R, who left the firm earlier this year, as the leader of the unit. ET had reported on Rathi’s appointment on May 20.

₹72,000, as US participants returned from the Juneteenth holiday with a buying sentiment. This was driven by weak retail sales data and lower inflation figures.

Stock market today: Domestic equity benchmarks Sensex and Nifty 50 settled higher on Thursday, June 20 driven by private banks, after struggling through some volatility during the trade in the absence of fresh triggers. Metals, real estate, fertiliser stocks drove indices, despite a lack of strong global indications.

Also Read- Allied Blenders and Distillers IPO: Price band fixed at ₹267-281 apiece; check issue details, key dates, moreThe United Cotfab IPO's book running lead manager is Beeline Capital Advisors Pvt Ltd, and the issue's registrar is Purva Sharegistry India Pvt Ltd. Hence investors can check their allotment status on the website of Purva Sharegistry India Pvt Ltd They can also check allotment status on the BSE website .

CE Info Systems Ltd., the owner of MapmyIndia, hit a 20 percent upper circuit on Thursday's trading session after Goldman Sachs began coverage with a 'buy' rating and a price target of ₹2,800, indicating a potential 40 percent upside from the stock's last closing price.Goldman Sachs believes that CE Info Systems is well-positioned to capitalize on its early leadership in rapidly growing markets. The domestic navigation company holds over 80 percent of the market share in automotive OEM navigation software.The research firm also noted that the emerging mobility business presents a larger opportunity than the core automotive business.The corporate and government markets offer significant growth opportunities for the company.

tickets and destination were allegedly altered by Air India without their prior knowledge. Dushyant Arora took to X to explain what happened to his partner's parents, both of whom are heart patients. The elderly couple was set to fly to Newark, New Jersey, on Wednesday. Arora stated that when they attempted to check in the previous night, they discovered that Air India had «unilaterally» changed their tickets. Arora said that his partner’s parents were put on different flights. «One flight will depart on one day and the second on another,» he claimed, adding that Air India had modified the father's destination to New York rather than Newark. The mother's destination remained Newark.

A year after the Securities and Exchange Board of India (Sebi) was established, private sector entities began entering the mutual fund industry. Five years later, in 1993, Kothari Pioneer, now Franklin Templeton, launched the first systematic investment plan (SIP). Today, SIPs are about to become one of the most preferred investment avenues for Indian investors.

Ruchir Sharma, the chairman of Rockefeller International and Founder & Chief Investment Officer of Breakout Capital, has joined the Asset Allocation Committee (AAC) of 360 ONE Wealth. The AAC offers strategic and tactical allocation guidance for equities, India fixed income, and other asset classes. Leveraging a multifaceted approach, the committee evaluates each asset class based on macroeconomic factors, monetary policy dynamics, corporate earnings, valuations, sentiment, and fund flows.

Accenture projected annual revenue growth largely above estimates on Thursday, as growing adoption of artificial intelligence offsets sluggish growth in enterprise spending, sending its shares up 3% in premarket trading. Generative AI technologies used to automate certain operations are helping companies boost productivity and save costs.

Cyient DLM, which hit the Indian secondary market on July 2023, have been maintaining a steady upward trend, rewarding their shareholders handsomely. During this period, the shares have jumped from ₹265 (IPO price) apiece to the current level of ₹751, translating into a gain of 183%.

Zoomcar Holdings on Thursday said it has partnered with Air India Express to allow customers to book self-drive cars directly from the airport on the airline's mobile app as well as the website in 19 cities. The collaboration also caters to the customer with varying requirements, leveraging the extensive fleet options and ensuring ample space for baggage carried through Air India Express's add-on packs such as carry-on-Xtra, international connecting baggage, and special equipment, Zoomcar said in a statement. This collaboration will offer the customer access to self-driven car rentals in Bengaluru, Bhubaneswar, Chennai, Delhi, Goa, Guwahati, Hyderabad, Indore, Jaipur, Kolkata, Kochi, Lucknow, Mangaluru, Madurai, Mumbai, Pune, Tiruchirappalli, Vijayawada and Visakhapatnam, it said. «We're focused on providing improved and personalised travel experiences for our guests at Zoomcar, and our partnership with Air India Express is another stepping stone towards this goal.

By Frederic Manning (1930) 1. All wars end in a war of words, as those who have survived on both sides tell their story. World War I is no exception.

NEET exams have intensified due to allegations of leaked question papers and biased markings, a heated political controversy has sparked in Bihar.The claims made by the accused individuals have sparked a conflict between the Bharatiya Janata Party (BJP), which is part of the ruling coalition led by the Janata Dal (United), and the opposition Rashtriya Janata Dal (RJD).Also Read: NEET UG 2024 row: Arrested candidate confesses leaked question paper ‘matched the actual exam paper’At the heart of this conflict is each political faction's alleged association with the accused, particularly Sikandar Yadavendu, whom authorities suspect to be the mastermind behind the alleged operation.Four individuals reported to the police that the exam paper was leaked 24 hours before the scheduled exam date on May 4th. The individuals include Anurag Yadav, a NEET candidate, his uncle Sikandar Yadavendu, and Nitish Kumar and Amit Anand.Also Read: NEET-UG 2024 row: Supreme Court seeks responses from Centre, NTA on paper leak allegationsAnurag Yadav stated that his uncle had given him the leaked paper, which “contained questions identical to those on the actual exam."Meanwhile, Bihar Deputy CM Vijay Sinha alleged, “On May 1, Tejashwi Yadav's personal secretary Pritam Kumar called guesthouse worker Pradip Kumar to book a room for Sikander Kumar Yadavendu...

Stock Market News: The domestic benchmark equity indices, the Sensex and the Nifty 50 started Thursday's session in green but however traded flat-to-negative amid mixed global cues.The Sensex began 96.95 points higher at 77,434.54, while the Nifty 50 gained 21.40 points to 23,537.40.The opening levels revealed a restrained but optimistic mood among traders, with predictions of sectoral performance shaping early trading patterns.Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, believes that the present market trend is a significant sectoral churn.