Booking Financial News

Indian Hotels Company Ltd. fell 1.86 per cent to Rs 583.0 in Monday's trade as of 02:04PM (IST) even as the benchmark Nifty ruled at 22164.25, down 48.46 points. The scrip had closed at Rs 594.1 in the previous session. The stock quoted a 52-week low of Rs 300.0 and a high of Rs 602.75. The company quoted a market-cap of Rs 85114.13 crore on the BSE.

GAIL (India) Ltd. traded 1.13 per cent up at Rs 181.9 on Monday at around 01:13PM (IST), while the benchmark BSE Sensex declined 234.07 points to 72908.73. As many as 375,541 shares changed hands on the counter with a total value of Rs 6.77 crore.

Prime Minister Narendra Modi paid homage to the death anniversary of freedom fighter Veer Savarkar, praising his contributions as a source of inspiration to pursue the advancement and prosperity of our nation. The prime minister said in a post on X, “Tributes to Veer Savarkar on his Punya Tithi.

United Spirits Ltd. traded at Rs 1151.2 on BSE at 11:57AM (IST) on Monday, down 1.26 per cent. The stock quoted a 52-week low price of Rs 730.9 and a high of Rs 1179.95. Earlier in the day, the stock saw a gap down opening.

The February 24 meeting between Indian business tycoon Gautam Adani and Uber's CEO Dara Khosrowshahi hosted a part of discussions for a strategic partnership between the two majors for rolling out the Adani group's electric passenger vehicles on the ride hailing platform. The collaboration aims to increase the conglomerate's super app Adani One's traction. Adani One, launched in 2022, provides a range of services, including booking flights, vacation packages, airport services, and may further help with taxi bookings with Uber integration.

Marico Ltd. gained 0.28 per cent to Rs 532.0 in Monday's session as of 11:26AM (IST) even as the equity benchmark Sensex traded 314.0 points lower at 72828.8. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 595.0 and a 52-week low of Rs 462.95 on NSE. Around 11805 shares changed hands on the counter till 11:26AM (IST).

Juniper Hotels just managed to scrape over the finish line with an overall subscription of 2.08 times on the third day of the bidding process. The issue, which closed on Friday, was fully booked in the retail and QIB portions, but NIIs were a let down. The share allotment for the public offer is expected to be finalised today. Investors can check the status of their share allotment on the BSE or even by logging in to the registrar website.

Shweta Rajani, Head-Mutual Fund, Anand Rathi Wealth, says “any capital asset that you have held and sold like real estate, depending on the holding period will be categorised under short-term or long-term capital gain. You could have had unlisted equity or listed equity that made any gains on that. You could have debt mutual funds, you could have some bonds that you have sold. So, again, listed bonds or unlisted bonds – either way – will again come under the head of capital gains. So, a simple definition is any capital assets sold will have an implication of capital gains.” Let us start by talking about the role that taxation plays in one's investment decision-making process and to what extent investors must be wary of tax when they are deciding where they want to invest and where they want to park their money. Shweta Rajani: Since we are talking about tax and investments, both are actually interrelated. When you are taking your investment decisions, one of the factors that one must look at would be taxation. So, generally when we are looking at our investment opportunities, we would look at what can be the return expectation, what is the time horizon, what is the risk factor. Like that, I think liquidity and tax implications should be one key factor for determining whether you should invest in that instrument or not. So, it should be, a key selection criteria, while it should not be the only selection criteria.

Juniper Hotels IPO: After the end of bidding on Friday last week, applicants are eagerly waiting for finalization of share allocation. In the wake of the T+3 listing rule becoming mandatory from 1st December 2023, Juniper Hotels IPO allotment date is most likely today. After the annoucement of share allocation, applicants would be able to check Juniper Hotels IPO allotment status online by logging in at the BSE website or at the website of official Juniper Hotels IPO registrar KFin Technologies Ltd.

Mumbai bench of Income Tax Appellate Tribunal has allowed ICICI Bank Ltd to avail ₹1,855 crore bad debt write-off as deduction, but dismissed the private bank's appeal seeking ₹502-crore worth long-term capital loss allowance. The appellate tribunal was hearing ICICI Bank's appeal against an order of principal commissioner of Income tax (PCIT) for 2015-16. The PCIT had ruled that an allowance of long-term capital loss of ₹996 crore was irregular and that the bank had claimed an excess capital loss of ₹502 crore. The bank had calculated capital gain and capital loss while acquiring and selling shares, applying the cost of inflation index on foreign currency rather than Indian currency, it said. The ITAT bench of Sandeep Singh Karhail and Prashant Maharishi upheld the order of PCIT and observed that ICICI Bank transacted in Indian currency and, therefore, it could not have indexed the cost of inflation on foreign currency.

WASHINGTON (Reuters) — President Joe Biden has joked to aides that the key to a long and lasting marriage is «good sex,» according to a new book about first lady Jill Biden that casts a spotlight on their 47-year romance.

Paytm owner One97 Communications after the Reserve Bank's action on its payments bank business, is yet to have a deeper engagement with the company to identify any issue, head of the panel and former chairman of Sebi M Damodaran said on Sunday. «We are an external advisor. At this point they (Paytm) are dealing with RBI,» Damodaran said in response to a question on the impact on Paytm with regard to RBI's January 31 order on Paytm Payments Banks Limited (PPBL). As per the January 31 order, the RBI asked PPBL to stop further deposits, credit transactions, or top-ups in any customer accounts, prepaid instruments, wallets, FASTags, and National Common Mobility Cards, after February 29. Later, the central bank extended the deadline till March 15.

₹2,000? Do I have the products required? If the booking checked these four boxes, she’d accept it. Else, she would ignore it. “That was the only way to ensure that I made money on each booking," said the 43-year-old beautician, who requested not to be named for fear of being blacklisted by the company.

Indian Stock Market: Nifty opened higher but failed to sustain the morning momentum, leading to a closing at the day's low due to profit booking. However, the sentiment remained positive for the short term as the index closed above the crucial resistance level of 22,200, with the next resistance seen at 22,400. Short-term support is positioned at 21,900.

Rayza Sison went to a flea market in New York this month with five $100 bills. One by one, vendors refused to take her money, saying they couldn’t make change or only accepted digital payments through Venmo or Zelle. Determined to break the bills, the 26-year-old senior program coordinator tried using them at coffee shops and then her local fruit stand.

Now it's United Airlines' turn to raise fees for checking bags

Stocks that traded heavily or had substantial price changes on Friday: Sprouts, Block rise; Booking Holdings, Insulet fall

OpenAI CEO Sam Altman is set to make a ‘killing’ from Reddit IPO “The Indian IPO market continues to be buoyont, backed inter alia by political stability, optimistic investor sentiment, a robust economy, and expectations of lower inflation and rate cuts in 2024.This positive environment is expected to fuel number of public offerings in coming couple of quarters," said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd. Last week, two mainboard IPOs Juniper Hotels Limited and GPT Healthcare Limited opened with the target to raise ₹2,325 crores.

Bengaluru is going through an acute water shortage this year, months before peak summer, forcing many residents in "India's Silicon Valley" to ration their water use and pay almost double the usual price to meet their daily needs, according to a report by Reuters. Weak southwest monsoon rains have dented groundwater levels and declined water levels in the Cauvery River basin reservoirs that feed the southern Indian city, which is home to roughly 14 million people and thousands of IT companies and start-ups, the report added.

Ranjan Pai may set the tone in all further decision-making at Byju’s coaching arm Aakash Institute, having emerged a white knight in the internecine battle at the edtech firm, people in the know said. Byju’s investors are reconciled to his acquisition of 40% in Aakash, the people said, adding that the Manipal Education and Medical Group chairman has also invested an additional Rs 250 crore as working capital and to pay salaries.

Avatar: The Last Airbender has captivated audiences, with fans eagerly awaiting news of a second season. While Netflix has yet to confirm its renewal, signs suggest that the beloved series will continue its journey. Here's everything we know so far about Avatar: The Last Airbender Season 2.