Booking Financial News

election? Now, a slew of offshore apps and websites — albeit operating illicitly in India — are offering a chance to wager on the outcome of the world’s largest electoral process. Bets that can run into lakhs of rupees are being made across a dozen apps and websites over the results, margins of victory and party showing, an analysis by ET showed.

Stock drifted to a mixed close as Wall Street remains in a lull

Stocks that traded heavily or had substantial price changes on Wednesday: Uber, Shopify fall; Lyft, Arista Networks rise

₹4,396 crore, against Bloomberg analysts' estimates of ₹4275 crore. Revenue for the quarter grew 15% to ₹67,079 crore. Earnings before interest, tax, depreciation and amortization (Ebitda) was 6% higher at ₹7,234 crore.

Indegene IPO day 3: GMP, subscription status, review, other details. Apply or not? The Indigene IPO, totaling ₹1,841.76 crore, comprises a combination of an offer-for-sale (OFS) of 23,932,732 equity shares by the investor selling shareholder, along with a fresh issuance of ₹760 crore. The Indegene IPO received 2,01,81,78,162 share applications on the last day of bidding against offered 2,88,66,677 shares.

Uber forecast second-quarter gross bookings below expectations after missing the target for the first three months on Wednesday, signaling weakness in its ride-share and food delivery services. The company's profitability push, however, is yielding result as core profit for the first quarter and its forecast exceeded Wall Street expectations.

₹93 per share. The IPO lot size for TGIF Agribusiness is 1,200 shares. The company is essentially a horticultural business that engages in open farming of specific fruits and vegetables, as stated in the prospectus.

market cap of all 81 listed public sector undertakings (PSUs) has grown by 225% under the Narendra Modi-led NDA government, while 79% returns by Nifty CPSE have significantly outpaced Nifty 500 and Nifty 50 indices, Finance Minister Nirmala Sitharaman said in a tweet on Wednesday. Sitharaman was responding to what she called charges by the Indian National Congress (INC) and its leader Rahul Gandhi that PSUs were being dismantled and were in disarray under the Modi regime.

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says “L&T has a visibility of at least two-and-a-half, three years of order book for execution. The situation is also extremely buoyant for ABB, Siemens where the capital goods segment power play is going on currently. From a business perspective, these companies are very favourably placed, but because the valuations are already fully pricing in FY26 earnings per se, it would be better to buy them when the market gives some correction and opportunity for the margin of safety. Let us begin by discussing this new-age tech vertical itself that we used to talk a lot more about and a lot more often rather than what we have seen of late, the likes of Zomato, Nykaa, PB Fintech, Paytm. What within that looks like an attractive bet right now after the kind of price moves that we have seen? Deven Choksey: I do not think that immediately any of these names become very appealing and attractive to me largely because of the few facts. Leave aside Paytm for a while now because the underlying business model has to get re-established before we have any view on Paytm. However, Zomato is showing a better approach towards revenue collection and becoming more profitable.

TBO Tek IPO opens today: General Atlantic-backed initial public offering (IPO) of TBO Tek Limited has hit the Indian primary market today. The public issue worth ₹1,550.81 crore will remain open till 10th May 2024. This means that mainboard IPO will remain open from Wednesday to Friday this week.

₹300 to ₹315 per share. Aadhar Housing Finance IPO raised ₹898 crore from anchor investors on Tuesday, May 7. Bids can be placed for multiples of 47 shares, with a minimum bid of 47.

Rajasthan Royals legbreak spinner Yuzvendra Chahal on Tuesday etched his name in the history books by becoming the first Indian to achieve the landmark of 350 wickets in the T20 format. Chahal achieved the feat against Delhi Capitals at the Arun Jaitley Stadium in the ongoing Indian Premier League (IPL) 2024 season. In his 301st T20 match, DC skipper Rishabh Pant became his 350th victim in T20 format. The left-handed batter went down and tried to place his shot across the field.

REC Ltd is targeting Rs 10 lakh crore of loan book by 2029-30, with 50-60% comprising conventional power generation, transmission and distribution projects, and 30% focused on the renewable energy segment, chairman Vivek Kumar Dewangan told ET.

₹696.51 crore from an anchor investors a day before its initial public offerings (IPO) opens for subscription. According to the company's filing to the exchanges, it has allocated 75,70,807 equity shares to 61 anchor investors at a price of ₹920 per equity share.

Voltas Q4 Results: Voltas announced its January-March quarter results for fiscal 2023-24 (Q4FY24) on Tuesday, May 7, reporting a drop of 19 per cent in consolidated net profit at ₹116.44 crore, compared to 143.92 crore in the corresponding period last year. The air conditioning and engineering services provider's revenue from operations in the fourth quarter of FY24 rose 42 per cent to ₹4,203 crore, compared to ₹2,957 crore in the year-ago period. Voltas said its board of directors has recommended a dividend of ₹5 per share of the face value of Re 1 per share for the year 2023-24 subject to the approval of shareholders of the company.

Meanwhile, the Board on Tuesday announced that after the results are declared, students who are not satisfied with their marks can verify them, get photocopies of their answer books, and request re-evaluation.

consumer business. Reliance Industries Ltd (RIL) is entering the consumer electronics and home appliances market with a new made-in-India brand Wyzr. RIL's retail unit, Reliance Retail, has just launched Wyzr air coolers and plans to extend the range to categories such as televisions, washing machines, refrigerators, air conditioners, small appliances and LED bulbs. Reliance Consumer Products (RCPL) has already been growing rapidly.

Also Read: TBO Tek IPO to open on May 8; here's what GMP signals ahead of subscription Sellers are allowed to establish pricing for buyers and display and market their products using the company's platform. Customers may explore and book travel to places worldwide in a variety of travel segments, including leisure, business, and religious travel, with the platform's integrated, multi-currency, multi-lingual, one-stop shop. The floor price is 875 times the face value of the equity shares and the cap price is 920 times the face value of the equity shares.

Aadhar Housing Finance IPO to open on May 8; what does GMP indicate before subscription? Aadhar Housing Finance is a housing finance firm focused on serving the lower-income demographic. Its clientele primarily resides in tier 4 and tier 5 cities across India. As of September 30, 2023, the company boasted a network comprising 471 branches and 91 sales offices, spanning across 20 states and union territories.

How do you smooth over trade tensions with the all-powerful leader of economic powerhouse China

Qantas Airways has agreed to pay $79 million in compensation and a fine for selling tickets on thousands of cancelled flights