Booking Financial News

Tata Power Company Ltd. traded 0.2 per cent down at Rs 446.7 on Thursday at around 11:26AM (IST), while the benchmark BSE Sensex advanced 359.09 points to 74580.15. As many as 284,369 shares changed hands on the counter with a total value of Rs 12.77 crore.

Navneet Education with a target price of Rs 182. The current market price of Navneet Education Ltd. is Rs 166.3. Navneet Education Ltd., incorporated in the year 1984, is a Small Cap company (having a market cap of Rs 3608.10 Crore) operating in Paper sector.

Gurmeet Chadha, Managing Partner & CIO, Complete Circle Consultants, says None of the FMCG names are less than 50-60 times. So, if they fail to deliver on double-digit volume growth and margin expansion, one has to be a little careful because a lot of the profit growth has come from realisations and not as much as from volume. So, one has to be a little selective. We are more keen on adding the likes of ITC, Tata Consumer in the portfolio in that space. The commentary from most of the management has been pointing to a rural recovery, but would you buy the argument and buy afresh in these FMCG names? Gurmeet Chadha: It is a combination of commentary being good and elections also playing a role especially as the rural spending picks up. It is a bit of a form of mini-stimulus. In fact, there is a very interesting report which talks of that there is actually some bit of labour shortage in industrial states like Maharashtra, Gujarat, Tamil Nadu as people go back to rural areas during election time and there is election-related spending which actually leads to some bit of reflection in the rural sales as well, reflecting in FMCG numbers as well.

Sensex climbed 267 points to settle at 74,221.06 and Nifty rose by 68 points to finish at 22,597. Stocks that were in focus include names like Indian Bank, which fell 1.33%, Sun Pharma, which jumped 1.5%, and Hindustan Zinc, whose shares rose 4% on Wednesday.

Also Read: Go Digit IPO fully booked on the last day of bidding: Check subscription updates, GMP, other detailsGo Digit General Insurance Limited, a well-known digital insurance company, is gearing up for its stock market debut shortly, according to Shivani Nyati, Head of Wealth, Swastika Investmart Ltd. Although there was immediate excitement around the IPO, the grey market premium (GMP) hasdropped to ₹30, which is around 11% over the issue price.

Heineken last month introduced what it calls the Boring Phone, an early-00s style flip-to-answer- device featuring a keypad, flashlight, FM radio, low-resolution camera and not much else. With an ability to make calls and send texts, but under no circumstances access social media, the phone is designed to be a portal back to the days when people would socialize in person without continually maintaining parallel lives on the internet.

Bridgerton season 3 part 1 on Netflix has received a strong response from OTT streaming platform's viewers. This has paved the way for the much awaited second part. A 10-day viewership report has been out for Bridgerton season 3 part 1 which was released on May 13 on Netflix. The first part of the Bridgerton's third season is higher than the first parts of 'You' Season 4, "The Witcher" season 3, "The Crown" season 6, "Virgin River" season 5, and "The Lincoln Lawyer" season 2, as per a report on WhatsOnNetflix.

Blake Lively when 'It Ends With Us' releases on the big screens after being in the development and talking stage since the middle of 2019. Known for The 'Age of Adaline', Lively will receive a brilliant co-star in Justin Baldoni who is also attached with the project. Interestingly, Baldoni will also be directing the project along with his presence on-screen, according to a WhatToWatch report.

Reserve Bank of India (RBI) had private shareholders, as it had before 1949, they would have been a happy lot on Wednesday evening. The old lady of Mint Street will deliver its bounty from the financial markets — by far the most generous payout it has ever made — to New Delhi. At a time when some of the central banks in the advanced world have reported losses and negative equity, RBI will hand over a dividend cheque of more than ₹2.1 lakh crore to its sole owner, the government. However, the optics of the event — a monetary authority headed by a former bureaucrat making a huge transfer to a macho government towards the end of a long, noisy general election — masks a more prosaic truth. The payout number is a function of local and offshore currency and money markets, coupled with RBI's active intervention in the foreign exchange market. FY24 WAS DIFFERENT

Two shipping companies agreed to pay $2 million in penalties after pleading guilty to federal charges related to the dumping of oil in the Atlantic Ocean by a ship bound for New Orleans

higher studies abroad than before, but the US continues to be their preferred destination. In 2022-23, the US issued over 1.4 lakh student visas in India, more than in any other country. A major jump is expected.

Wilde Wealth Management, one of the largest firms within Cetera’s affiliate network, has arrived at a significant milestone on its continuing growth journey.

Paytm has paused its distribution of postpaid loans completely since February, signalling a notable shift in its lending approach. The value of postpaid loans distributed plunged over 90% to Rs 720 crore in the March quarter of FY24, from Rs 7,496 crore in the previous quarter, as per the company’s quarterly earnings release.

Welspun Enterprises shares surged by 8.6% to ₹405.50 each during today's intraday trading session, eventually settling with a 6.54% gain at ₹397.70 per share by the session's close. The uptick followed the company's announcement during market hours that it has secured the position of the L1 bidder for the “Construction of Access Controlled Multi-Modal Corridor from Navghar to Balavali in the State of Maharashtra on EPC Mode Package MMC-11. “The quoted amount for this project is Rs.

Le Travenues Technology, which operates online travel portal Ixigo, has received clearance from the Securities and Exchange Board of India to raise funds through an initial public offering, according to a notification by the market regulator on Wednesday. The Gurugram-based company had filed its initial IPO papers in February, with a proposal comprising an issue of fresh shares worth Rs 120 crore and an offer for sale (OFS) of 66.67 million shares by its existing shareholders. The selling shareholders included Elevation Capital (earlier Saif Partners), Peak XV Partners, and founders Aloke Bajpai and Rajnish Kumar, as per the draft red herring prospectus (DRHP).

₹613 crore, thanks to the doubling of other expenses. Additionally, the balance sheet worsened with borrowings rising by 64% to ₹8,808 crore. More debt was taken to finance working capital as receivables went up and payables declined, which meant that finance cost jumped up by 40%, causing pre-tax earnings to drop by a sharp 68% to ₹220 crore.

Limitarianism. By Ingrid Robeyns. Astra House; 336 pages; $28. Allen Lane; £25 Enough. By Luke Hildyard.

IPO) of Awfis Space Solutions sailed through on the first day of the bidding process on Wednesday as retail investors and NIIs lapped up the offer with both hands. The category reserved for retail investors was booked the most at 3.86 times, followed by non-institutional investors at 1.06 times. There were no bids yet in the QIB category.

Page Industries Ltd. traded at Rs 35600.0 on BSE at 12:52PM (IST) on Wednesday, up 1.18 per cent. The stock quoted a 52-week low price of Rs 33100.0 and a high of Rs 42850.0. Earlier in the day, the stock saw a gap up opening.

verify the email address and mobile number you provided at the most recent Aadhaar detail update or when you signed up for it. However, there are some services which can be availed without a registered mobile number and some services need the registered mobile number. In a recent UIDAI post on social media X, “Enjoy many Aadhaar-related services online, if your mobile is updated with Aadhaar, like Document Update, Download e-Aadhaar, Lock/Unlock Aadhaar, Bank Seeding Status, etc. Visit your nearest Aadhaar center to update your mobile in Aadhaar.”

Incofin Investment Management has invested $10 million SaGgraha Management Services, a business correspondent wholly owned by SAVE Solutions, which itself provides the last mile banking services in the rural hinterlands through its some 10000 touchpoints. The equity funding came from Incofin India Progress Fund (IPF) of the Belgium-headquartered impact investor. IPF is a registered category II alternative investment fund. The investment in SAVE is its fourth investment in the financial inclusion space.