Booking Financial News

Shri Ahimsa Naturals will debut on the NSE SME platform today. The GMP is currently at 16% over the issue price of Rs 119 apiece. The company offered 62 lakh shares to investors, which included a fresh equity sale of 42.03 lakh shares and an offer for sale (OFS) of 19.99 lakh shares. The issue was booked nearly 63 times as non-institutional investors piled on bids 182 times more than that are reserved for them.

ATC Energies System's offering received a muted subscription from investors. However, the company's shares will debut on the NSE SME platform today. The GMP ahead of the listing is around 3%. Net proceeds to the tune of Rs 64 crore will be used for repayment of debt, funding capex requirements, working capital and general corporate purposes.

WHAT DO YOU MEAN BY REBALANCING MUTUAL FUND PORTFOLIOS? Various asset classes move in different directions over a period of time. Due to this, asset allocation of an individual changes over a time. For example, due to a sharp rally in the price of gold by 35% in the last one year, investor allocation to gold would have increased. However, with the Nifty 50 moving up just 6-7% it could have lowered the overall allocation to equity in the portfolio. So you need to rebalance it to bring it back in line with the original. So an investor starting with 65% equity, 25% debt and 10% gold, needs to bring back this allocation at the end of the year, which is called rebalancing.

global demand for explosives and ammunition, fed by ongoing conflicts in Europe and West Asia, has resulted in record Indian defence exports, with the figure crossing ₹23,622 crore in 2024-25. Defence exports, which have been actively promoted by the government over the past decade, grew at over 12%, with strong demand for Indian manufactured explosives like TNT, RDX and HMX in the global market. Sources said that most Indian explosives and ammunition manufacturing capacity has been fully booked for the next three years, with at least five more plants coming up within the private sector in the coming months. State-owned defence public sector units have recorded a 42.8% surge in exports, reaching a high of ₹8,389 crore in the financial year.

Chetan Bhagat recently shared his experience of meeting Bollywood superstar Salman Khan for the first time. In an interview with Lallantop, Bhagat recalled visiting Salman’s residence, Galaxy Apartments, during the making of Hello, a film adaptation of his novel One Night @ the Call Center. He described the visit as surreal, saying it felt like stepping into another world.

Subscribe to enjoy similar stories. On Saturday, the government converted ₹36,950 crore overdue spectrum charges from Vodafone Idea Ltd into equity, becoming the biggest shareholder in India’s third-largest telecom operator with a 49% stake. The original promoters of Vi, Aditya Birla group and British telecom company Vodafone Plc., will own a 25.7% minority stake but will continue to be classified as its promoters.

Rashmika Mandanna, the film is directed by A R Murugadoss and produced by Sajid Nadiadwala's under his production banner Nadiadwala Grandson Entertainment. It released on March 30. Production banner shared the box office collection on the X handle. «Eid was special, only because of your love! We're truly grateful! Watch #Sikandar in your nearest cinemas TODAY! Book your tickets NOW,» read the caption.

He then went on to describe how each hotel is associated with a union and they charge tourists a bomb. He then reveals how one such cab driver had demanded Rs 1,600 to travel 10 km. “It would cost me Rs 3,500 to go to and from a restaurant just 10km away. Unbelievable!” he ranted.

insomnia.

Subscribe to enjoy similar stories. The word “work" has become loaded with meanings, is weighed down by multiple connotations and teems with social divisions. But what is work? Some view it as a four-letter word signifying a quotidian preoccupation, the root of a humdrum existence but an unavoidable necessity.

IndusInd Bank has done multiple deals with peer banks, transferring highly rated corporate loans in an attempt to shore up liquidity amid a likely flight of deposits, following the ongoing investigation into accounting lapses that could erode its net worth by ₹2,000 crore, said people familiar with the matter. ICICI Bank and Federal Bank have provided liquidity support to IndusInd by acquiring highly rated loans at an interest rate of 7.5-8% through the traditional Inter-Bank Participation Certificate (IBPC) market, they said.

bad bank. The Reserve Bank of India (RBI) allowed lenders (on Saturday) across the spectrum and ownership types to reverse excess provisions in their profit and loss (P&L) accounts if a loan is transferred to an asset reconstruction company (ARC) at a value exceeding its net book value. The relaxation, the RBI said, would apply if the deal with an ARC includes cash payments upfront and government-guaranteed security receipts (SR).

Debadatta Chand had the proverbial baptism by fire as CEO at India’s second largest public sector lender, Bank of Baroda (BoB), hit by the controversy over the financier’s attachment notice on actor and MP Sunny Deol just a couple of months into the top job. Then came the Reserve Bank of India (RBI) curbs on its digital banking application, restrictions that took nearly seven months to be lifted. But after a trying first year, Chand has eased into the corner-room job, seeking consistency in the bank's business matrix and reducing the lender's dependency on costlier wholesale deposits. In a detailed interview with ET, Chand spoke about BoB’s current positioning and shared his outlook for what's traditionally known as a corporate-focused lender. Edited excerpts: You will complete two years at the helm in June. How has BoB shaped up in this time? The bank is doing extremely well. Fundamentally, it is a strong bank. For the past two years, the performance has been consistent, and the outlook is stable. Earlier we (had) talked about how to double the business in 5-6 years and how to maintain margin in a dynamic market scenario. The performance has been very satisfying. The balance sheet strategy is to not to be heavily dependent on the bulk deposit. Our RAM (retail, agriculture MSME) is going very strong. We decided to go slow on fine priced corporate loans. We are capturing market share in retail loans and deposits.

special CBI court has asked the accused booked by CBI in the IRCTC hotels case to resume their counterarguments against framing of charges on April 21 so that arguments can be concluded without further delay by April 26. The court will hear the counterarguments on a day-to-day basis from April 21. Lalu Prasad and five co-accused charge sheeted by CBI in the case have filed separate pleas seeking discharge.

Subscribe to enjoy similar stories. A few years ago, someone got in touch with me asking if I would agree to be part of an interview series where authors are interviewed in front of a live audience by a person who has never read a book. I immediately agreed because I knew that this interviewer had to be interesting just for admitting that he doesn’t read books.

Shriram Finance Ltd, the flagship company of diversified conglomerate Shriram Group, is set to cross Rs 3 lakh crore in assets during the next financial year starting April 1 with loan growth of 15 per cent. «We expect 15 per cent credit growth for FY26 if the GDP grows at 6.5 per cent. Usually, loan growth is more than 2 times of the GDP. Higher the GDP growth, higher is the demand for loan,» Shriram Finance executive vice chairman Umesh G Revankar told PTI. Asked about the asset book target, he said, it should cross Rs 3 lakh crore in FY26 and this financial year would close over Rs 2.5 lakh crore. Shriram Finance would end the current financial year with 18 per cent credit growth although the guidance was 15 per cent, he said, adding, the company has exceeded its target.

Subscribe to enjoy similar stories. Washington Post technology reporter Eva Dou’s House of Huawei promises to unravel the enigma of the Chinese telecom titan Ren Zhengfei, and how he built the world’s largest telecommunications equipment company by revenue. That it ends up more like a diligent history lesson than a sharp expose isn’t entirely Dou’s fault.

Maharashtra Congress spokesperson Atul Londhe was booked by Nagpur police for defamation for allegedly claiming that former journalist Prashant Koratkar was arrested in the presence of a man working in the office of Chief Minister Devendra Fadnavis. Koratkar, who was booked for allegedly threatening Kolhapur-based historian Indrajeet Sawant and making derogatory remarks against Chhatrapati Shivaji Maharaj and his son Sambhaji Maharaj, was arrested by Maharashtra police from Telangana earlier this week.

Amazon has disabled two key privacy features in its Alexa smart speakers, in a push to introduce artificial intelligence-powered «agentic capabilities» and turn a profit from the popular devices. Starting today (March 28), Alexa devices will send all audio recordings to the cloud for processing, and choosing not to save these recordings will disable personalisation features. How do voice assistants work? A voice assistant works by constantly listening for a «wake word», such as «Alexa». Once woken, it records the command that is spoken and matches it to an action, such as playing a music track. Matching a spoken command to an action requires what computer scientists call natural language understanding, which can take a lot of computer power.

Barry Ritholtz had a hard time writing his first book, «Bailout Nation.»

Imran Pratapgarhi, a bench of Justices Abhay S Oka and Ujjal Bhuyan said literature including poetry, dramas, films, stage shows including stand-up comedy, satire and art, made lives of human beings more meaningful. «Seventy-five years into our republic, we cannot be seen to be so shaky on our fundamentals that mere recital of a poem or for that matter, any form of art or entertainment, such as, stand-up comedy, can be alleged to lead to animosity or hatred amongst different communities,» the bench said. The court went on, «Subscribing to such a view would stifle all legitimate expressions of view in the public domain which is so fundamental to a free society.» The top court said this case showed even after 75 years of the existence of our Constitution, the law enforcement machinery of the state was either ignorant about this important fundamental right or did not care for it. Advocating free expression of thoughts by individuals, the top court said the effect of spoken or written words couldn't be judged on the basis of standards of the people who always had a sense of insecurity or those who always perceived criticism as a threat to their power or position.