Booking Financial News

Jubilant Foodworks Ltd. traded 0.81 per cent down at Rs 448.75 on Tuesday at around 01:39PM (IST), while the benchmark BSE Sensex advanced 14.97 points to 74757.47. As many as 25,070 shares changed hands on the counter with a total value of Rs 1.12 crore.

solar eclipse is proving to be a good omen for travel firms, as some parts of the United States that fall in the «path of totality» see unprecedented demand for lodging from eager Americans waiting to catch a glimpse of the celestial event. In a total solar eclipse occurring on Monday April 8, the moon will blot out the sun for millions of people in Mexico, the United States and Canada.

Bandhan Bank fell more than 6% Monday after founder and chief executive, Chandra Shekhar Ghosh, announced a voluntary exit despite a board nod to continue in the top job. Brokerages Jefferies and Nomura have slashed their target prices for the stock of the Kolkata-based lender that emerged as a full-service bank after decades of operations as a microfinancier.

Ola and Uber have taken the route first deployed by rivals Namma Yatri and Swiggy-backed Rapido by offering subscription-based plans for auto-rickshaw drivers on their platforms instead of charging a booking fee or commission on every transaction. Over the last few weeks, Ola has rolled out the subscription model for its auto-rickshaw drivers in some top markets including Delhi-NCR, Mumbai, Bengaluru and Hyderabad, while Uber has launched the same in six cities starting with Chennai, Kochi and Visakhapatnam, a person aware of the matter said.

HUDCO) is looking to tap East Asian countries such as Singapore and Taiwan to raise funds this fiscal year after a similar successful exercise in Japan, chairman and managing director Sanjay Kulshrestha told ET. «Japan was the maiden attempt to raise funds via external commercial borrowing, and we have been received very well. There is a good arbitrage; we are getting funds at 6.5%-80-100 bps lesser than the domestic funds,» said Kulshreshta, noting that the company's fundraising may surpass its original aim. HUDCO was planning to raise $100 million from Japan but is confident of landing nearly double that amount. Kulshreshta, who took charge of HUDCO last year, said the company may even tap the US market after the Fed initiates rate cuts.

The World Inequality Lab (WIL) recently published a report, Income and Wealth Inequality in India 1922-2023: Rise of the Billionaire Raj. The subtitle is a nod to the name of a 2018 book by James Crabtree, then a Financial Times correspondent and considered an avid India watcher. The book described itself as a journey through India’s new gilded age and had the imprint of a journalist’s keen eye for detail and drama.

MUMBAI : Chandra Shekhar Ghosh, Bandhan Bank's founder and managing director and chief executive officer, has said he will not be part of the bank's board even in a non-executive role after he retires on 9 July. Speaking to analysts and investors in an early morning call on Monday, Ghosh clarified that the board will start the process of finding his successor and expects the names of candidates to be finalized by July. The board may even look at appointing an interim CEO post his tenure, if the Reserve Bank of India approval for the new CEO does not come in by then.

₹45 per share, which is same as the current share price. Also read: Indian stock market to remain closed on May 20 amid Lok Sabha elections in Mumbai “After thorough discussions and careful consideration of the company's financial performance, the Board of Directors has unanimously considered and declared Interim Dividend of 100%. The interim dividend shall be paid within 30 days from the date of its declaration.

It didn’t take long for Nellie Borrero to encounter racism in 1986 when she joined a major consulting firm that was the predecessor to Accenture

In the realm of meme coins, cat-themed tokens are overtaking the spotlight from dog-themed ones like MYRO, SHIBA, DOGE, and DUKO. Projects like Cat in a Dogs World (MEOW) and Book of Meow (BOMEOW) are tickling everyone’s funny bone and gaining massive attention. Cats are having their moment. However, traders are now on the lookout for new mascots that could spark a fresh trend and potentially deliver potential gains. As these cat coins continue to capture investors’ imaginations, traders are now turning their gaze toward potential new mascots that could usher in a fresh wave of excitement and opportunity. Let’s delve into an overview of these trending cat coins and explore the potential for new mascots to shake up the meme coin landscape. MEOW’s Meteoric Rise:

MUMBAI : Mumbai: New-age lender Veritas Finance Pvt. Ltd is preparing to raise ₹2,000 crore from an initial public offering, and has appointed Kotak Mahindra Capital Co., Jefferies, HDFC Ltd and ICICI Securities to help it with the share issue, three people with knowledge of the development said. Last year, the Chennai-based non-banking financial company had raised ₹1,200 crore in equity funding from Multiples PE and International Finance Corporation, among others, to expand access to capital for India’s micro, small and medium enterprises (MSMEs).

MUMBAI : Homegrown private equity firm Everstone Capital has returned almost $1.2 billion through exits in the last five years, a senior official at the firm said in an interview with Mint. The firm has also been backing founders of Indian origin who aim to build global businesses out of the US across healthcare and IT services, which has yielded good returns, said Avnish Mehra, vice chairman – private equity, at Everstone Capital, in an interview. “In the last five years, we have deployed about $600 million and returned to our investors close to $1.2 billion.

In a stock exchange notice today (8 April), the £300m BOOK said the scheme will allow the trust to issue redeemable B shares to shareholders and to redeem them on each redemption date without further action required.  However, the directors noted that not all capital profits will be returned and may be reinvested, with proceeds normally first applied to repay debt, with £9.6bn outstanding as of December 2023.  Bluefield Solar launches £20m buyback scheme due to 'weak' share price «The board's proposal to adopt a B share scheme should not be taken as any indication as to the likely ...

finance companies (NBFC) are nearing Rs 1 lakh crore after more than five years since the model came into being, Crisil Ratings said on Monday. A study of about 100 NBFCs, accounting for over 90 per cent of the sector's AUM, showed that personal loans alone account for about a third of the AUM, followed by housing loans at 20 per cent and unsecured MSME loans and gold loans each making up 13 per cent of the pie. Secured MSME (including loan against property) and vehicle loans comprise the rest 20 per cent of the current overall co-lending book, Crisil said. «Co-lending assets under management (AUM) of non-banking financial companies1 (NBFCs) is nearing Rs 1 lakh crore after more than 5 years since the model came into being,» Crisil said.

Prestige Estates Projects Ltd on Monday reported a 63 per cent annual increase in sales bookings during the last financial year at Rs 21,040 crore — an all time high, on strong demand for its residential properties and higher average per square feet realisation. The company's sales bookings stood at Rs 12,931 crore in the financial year 2022-23. Among listed players, Prestige Estates is likely to become the largest real estate developer in the country in terms of sales bookings. DLF, Godrej Properties, Macrotech Developers, Prestige achieved sales bookings of more than Rs 10,000 crore in 2022-23. In a regulatory filing, Bengaluru-based Prestige Estates informed that the company achieved the highest-ever annual sales.

BENGALURU : Real estate developer Prestige Group clocked ₹21,040 crore worth of home sales in fiscal year 2023-24 (FY24), setting a record for the highest annual sales by any developer, amid a boom in the residential market. The Bengaluru-based firm on Monday said that sales in FY24 marked a 63% increase year-on-year, rising from ₹12,931 crore in FY23.

₹47,000 in visa costs and agent fees as well as the charges for cancellation of flight tickets and hotel bookings. To add to her woes, the travel insurance was non-refundable. Ashar’s monetary loss was equal to what she had paid for the round-trip flight tickets.

Bandhan Bank's founder and managing director Chandrashekhar Ghosh will not be part of the bank's board in a non-executive role once he retires on 9 July. Speaking to analysts and investors on Monday, Ghosh clarified that the board will start the process of finding his successor and expects the names of candidates to be finalized by July. Explaining the rationale behind this sudden decision to step down, Ghosh clarified that it was a voluntary decision and that the Reserve Bank of India (RBI) had no role to play in his resignation.

Energy & power based mutual funds gave an average return of 23.40% in five years (April 2019-April 2024). There were around three schemes in the category that completed five years of existence. Nippon India Power & Infra Fund gave 26.35% return. Tata Resources & Energy Fund and DSP Natural Resources & New Energy Fund gave 22.87% and 20.98% returns respectively in the same time period.

FADA) said on Monday. With the expiration of FAME-II subsidy on March 31, e-2W sales rose, with the category seeing a market share bump to 9.12 per cent for the first time ever. Upcoming Lok Sabha took a toll on sales of PVs, CVs and tractors however. PV segment fell 2 per cent on a month-on-month basis and a 6 per cent YoY due to heavy discounting and selective financing, the auto lobby said.

Godrej Properties (GPL) on Monday announced that it has sold over 1050 homes worth over Rs 3,000 crores in three days of the Godrej Zenith project launch in Gurugram, Haryana. This is the second time in Gurugram, and the fourth time pan India, that GPL has recorded sales of over Rs 2,000 crore during launch in FY24. With the hope of strengthening its presence in Gurugram, the real estate arm of Godrej Group is expected to launch new projects in Sector 103, Sector 43, and Sector 54 soon. “We are delighted with the response to our project, Godrej Zenith. Gurugram is an extremely important market for Godrej Properties, and we will look to further strengthen our presence in Gurugram in the years ahead," said Gaurav Pandey, MD ane CEO, Godrej Properties.