Booking Financial News

Stock market today: Despite weakness in the Indian stock market, Shree Karni Fabcom share price today listed on the NSE EME Emerge platform at ₹260 apiece, delivering around 14.53 percent listing gain to the share allottees against the issue price of ₹220 to ₹227 per equity share. However, the NSE SME stock didn't stop here only. The SME stock further extended its listing gains and went on to touch an intraday high of ₹273 apiece, locking-in a 5 percent upper circuit within a few minutes of the share listing.

₹351 per share, 12.47% lower than the issue price of ₹401. On BSE, Gopal Snacks share price today opened at ₹350 apiece, down 12.72% than the issue price.

profit booking in the previous session, Indian equity indices opened in the red for the second straight session on Thursday. Selling pressure was seen across all sectors. The BSE Sensex was trading 252 points or 0.35% lower at 72,509. Nifty50 was trading at 21,930, down 68 points or 0.31% at around 9.20 am.

Sanjay Shah, CMD, Prudent Corporate Advisory Services, says coming to the question about the impact of a switch on the trail or the remuneration which overall investors are getting, understand that there is no change as far as TR or expense ratio is concerned because otherwise also, the AMC used to pay trail to old advisors. Now, when the assets move to a new advisor, the new advisor will get the trail which is lower of two, the rate of the old advisor or new advisor. Help us understand AMFI's new circular on the switched AUM trail commissions. Will we see more competition in the distributor space? What is going to be the impact on the commissions expected? Sanjay Shah: It was a very long-standing demand of all the mutual fund distributors because if you look at it from the investor's perspective, an investor always has a right to choose his advisor/distributor and there could be many reasons for him to be looking for a change. It could be, let us say, the advisor's competency or let us say the advisor has been out of the profession or the investor himself has changed the location or there is a break in the relationship.

Godrej Properties on Thursday informed stock exchanges that it acquired a second land parcel in Hyderabad in the past one month to develop "high-quality residential projects". The real estate company acquired 3 acres of land in Kokapet near the Outer Ring Road junction close to Golden Mile Road in Hyderabad. Godrej Properties said that the development on Kokapet land is estimated to have a potential of 1.2 million square feet of saleable area comprising premium residential apartments with an estimated booking value of ₹1,300 crore.

Wealthy Americans would lose some of the tax perks they can currently access through various retirement savings accounts under the budget proposed Monday by President Joe Biden.

MUMBAI : Private sector lender Yes Bank Ltd is looking for a new promoter to sell up to 51% stake, and has hired Citigroup’s India unit to find a buyer, two people aware of the development said. The bank has also invited some Indian lenders, including some of its existing shareholders, to join as promoter. Yes Bank, India’s sixth largest private lender by assets, is seeking a valuation of $8-9 billion, which would be 20-25% above its current market capitalization of $7.2 billion, the people said on condition of anonymity.

Canadian inflation-protected securities known as real-return bonds are reaping gains for one of the country’s largest pension funds during a turbulent period for fixed-income markets.

iron lung, died on Monday. He was 78.Alexander, who was also known online as ‘Iron Lung Man,’ spent the last seven decades of his life living in an iron lung after contracting polio when he was a child in the 1950s.The Dallas, Texas resident was diagnosed with polio when he was 6 years old and was paralyzed from the neck down, leaving him unable to breathe on his own.Despite being confined to a 600-pound iron lung, Alexander was a go-getter with a zest for life.

AVP Infracon IPO price band set at ₹71-75 per share; check issue dates, other key details of SME IPO The AVP Infracon IPO was subscribed over 0.82 times on the first day of bidding on March 13. The SME IPO received 41,74,400 applications against offered 51,08,800 applications. The retail category received 35,93,600 shares, meanwhile, NII received 5,80,800 shares.

₹90.04 crore from anchor investors, a day before its initial public offerings (IPO) opens for subscription. According to an exchange filing, Krystal Integrated Services allocated 12,59,265 shares at ₹715 per share to 10 anchor investors.

Guys, they’re coming for your tongs. Backyard grilling, long the domain of serious men, is now in the sights of Gaby Dalkin. The popular Instagram chef with nearly one million followers thinks anybody can do it.

gross negligence on the part of the auditors" of the now-crippled edutech firm Byju's, said its president Ranjeet Kumar Agarwal on Wednesday. Besides, the top official also said the accounting body is also planning to inspect the books of payments major Paytm. «Our inspection has found gross negligence on accounting practices by individual auditors of Byju's and accordingly we have recommended to the Financial Reporting Review Board (FRRB) to take punitive actions on auditors concerned,» Ranjeet Kumar Agarwal, the president of the Institute of Chartered Accountants of India (ICAI), told PTI here. When asked whether the ICAI will inspect the books of the payments major Paytm group now, he said, «As we have taken a suo moto decision to look into the role of the auditors of Byju's, we are now thinking about looking to the role of the auditors of the payments major Paytm now».

I must say that I didn’t see this one coming. Credit where credit is due, though: while Street economists were just a little low (consensus was +0.40% headline, +0.30% core), the CPI swap market at least got headline right (there being no market for core inflation CPI swaps) by pricing in +0.47%, seasonally adjusted.

AirAsia chief Tony Fernandes plans to seek fresh funding in Southeast Asia’s equities markets after a much-touted SPAC listing in the U.S. later this year. Options for fundraising include revisiting plans for an initial public offering of aviation assets in the Philippines, doing a share placement in Indonesia, and eventually listing a host of nonaviation units, Fernandes said in an interview.

₹48 lakh and long-term capital gains of ₹6 lakh had been booked in December 2022. At a 10 % long-term capital gain tax, with ₹1 lakh exemption, my client was happy that the extra tax liability was only ₹50,000. To his surprise, his chartered accountant asked him to deposit ₹1.65 lakh extra in taxes.

India BusTrack, a data-based report on the Indian intercity bus industry on Wednesday. redBus said the inaugural report covers key parameters reflecting the overall health and trends of the Indian bus industry in November and December last year. The market trends are restricted to private bus operators and do not include SRTCs (State Road Transport Corporations). As per the report, the private bus industry saw gross ticketing value of Rs 3600 crore in November-December 2023 and 36.06 million passengers traveled during the period. There are 3,63,918 unique bus routes in India and buses connect 8,530 towns across the length and breadth of the country, making the reach of the bus network on par with railways, according to the report. Maharashtra and Goa topped the charts with 82% bus occupancy in November and December last year according to the report, while Madhya Pradesh and Chhattisgarh saw the lowest occupancy at 67%. The all India bus occupancy rate was 77%.

issue received bids for 22 lakh shares as against 51 lakh shares on offer. The IPO is entirely a fresh equity issue of 69.8 lakh shares and through the issue, the company aims to raise Rs 52 crore.

BENGALURU , MUMBAI : The already overheated smallcap market may be in for more turmoil with apparent links to the Mahadev betting scam surfacing. The Enforcement Directorate recently seized the assets of several entities that it believes were used as vehicles to launder illicit money made from the illegal Mahadev Online betting app. Turns out that 13 smallcap companies valued at between ₹63 crore and ₹3,300 crore have more than 1% shares owned by at least four of these entities, according to a review of share ownership by Mint.

Track prices here However, they have declined by Rs 879 or 1.3% from their all-time high of Rs 66,356 on fears that the interest rate could remain elevated for longer amid higher-than-expected consumer inflation numbers in the US.

Voltas Ltd. fell 0.09 per cent to Rs 1052.4 in Wednesday's session as of 11:01AM (IST) even as the equity benchmark Sensex traded 104.31 points lower at 73563.65. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 1139.0 and a 52-week low of Rs 745.0 on NSE. Around 3037 shares changed hands on the counter till 11:01AM (IST).