Booking Financial News

PVR INOX cinema is offering movie tickets for ₹99 only this Friday i.e. February 23 to celebrate Cinema Lovers Day. This is a huge cut down from the normal ticket price which can be in the range of ₹200-800 depending on the theatre and the city.

Few themes have been as unpopular among investors in recent years as European investment banking and the U.K. Barclays wants to double down on both. The bank’s shares jumped around 6% Tuesday, despite disappointing 2023 financial results.

The Nifty50 index rose 74 points to close at 22,196. It hit a fresh record high of 22,251 intraday. The S&P BSE Sensex rallied more than 300 points.

portfolio companies as a routine, but amidst the flurry of analysis, have you ever paused to reflect on how much of their inner working we truly grasp? How many acclaimed attributes of greatness remain valid, and how much can we discern from a distance? These questions hold significant implications for the valuations we are prepared to endorse, moulding our long-term returns. Permit me to recount the story of Amgen, a leading biotechnology company based in the United States, as an illustrative case study. A notable book that emphasized the importance of corporate culture by looking at successful companies (stock price performance as a guide) ranked Amgen prominently. Amgen's adeptness in «embracing a myriad of possible dangers» was a strategic manoeuvre that propelled the company to a superior standing.

artificial intelligence (AI) in the next 5-10 years to prevent misuse of such tools in affecting nation states by politicizing the spread of information, said Mustafa Suleyman, cofounder, Inflection AI and DeepMind. “I think the negative consequences here are likely to arise simply because so many people with different organisational interests, different religious and political values will not only affect information but also the real world in practice. I think that is the challenge for nation states,” Suleyman said.

PNC Infratech, HG Infra Engineering Ltd, Ahluwalia Contracts. During the December quarter , road infrastructure companies continued to benefit from strong order book led by government spending. However the festive season, state elections and pollution control measure in the Delhi National capital region (NCR) etc were some dampeners when it came to execution.

Vibhor Steel Tubes made a stunning debut on the exchanges at a premium of 180%, surpassing the already high expectations of market participants. This stellar performance was fuelled by the company's strong fundamentals and an overwhelming investor response to the IPO, which was subscribed over 300 times.

The category reserved for retail investors was subscribed 6 times, while that for NIIs was booked 80%.

ET had first reported on Tuesday about the senior-level exits at the e-commerce major. Travel booking website Cleartrip’s head Ayyappan R, marketplace and categories leader Amitesh Jha, fintech and payments head Dheeraj A, and growth and retention head Bharath Ram are exiting the firm, Krishnamurthy confirmed to employees.

₹1,059.40 on January 23 this year and saw mild profit booking after that. On Tuesday, February 20, the stock rose about a per cent to hit its intraday high of ₹1,052.65; at this price, the stock is down about 0.6 per cent from its 52-week high level. ICICI Bank reported a 23.5 jump in their standalone net profit for Q3FY24, which stood at ₹10,272 crore from ₹8,312 during the same quarter last year.

Lupin Ltd. fell 0.87 per cent to Rs 1573.65 in Tuesday's trade as of 01:49PM (IST) even as the benchmark Nifty ruled at 22156.15, up 33.91 points. The scrip had closed at Rs 1587.55 in the previous session. The stock quoted a 52-week low of Rs 628.1 and a high of Rs 1701.0. The company quoted a market-cap of Rs 71575.06 crore on the BSE.

Wankhede after the ED took cognisance of a first information report (FIR) by the Central Bureau of Investigation (CBI) in an alleged ₹25-crore bribe demand from Bollywood superstar Shah Rukh Khan's family to spare his son Aryan Khan in a drugs case. In the beginning of this month, the former NCB officer had filed a petition in the Bombay High Court seeking to quash the ED's case. He has also sought, through an interim order, protection from any coercive action and a stay on the agency's probe.

Stock market today: Vibhor Steel Tubes IPO listed on BSE and NSE delivering over 180 percent premium. Shares of Vibhor Steel Tubes Limited are listed on BSE at ₹421 apiece whereas on NSE, Vibhor Steel Tubes share price opened at ₹425 apiece. However, the dream debut of Vibhor Steel Tubes shares didn't end there.

teams grows and as conceptions of leadership increasingly emphasise softer skills. Recent research by Beau Sievers of Stanford University and his co-authors asked groups of MBA students to discuss the meaning of ambiguous film clips. The presence of people perceived to be of high status seemed to impede consensus: these folk spoke more and were readier to reject the explanations of others.

Air India Express will be offering tickets at discounted prices to passengers who prefer travelling without check-in baggage, the company announced on Tuesday. Through 'Xpress Lite', passengers can avail fares cheaper than regular fares. «Xpress Check-In enables flyers to avoid queues at counters and baggage belts and comes with a complimentary +3 kg cabin baggage allowance in addition to significantly discounted pre-booked prices for +15 kg and +20 kg check-in baggage allowances to ensure the maximum flexibility and convenience for guests booking on Xpress Lite fares,» the company said in a press release.

Sanjiv Bhasin, Director, IIFL Securities, says, “private banks are now a much better space to grow rather than some of the PSUs. So, take some money off the PSUs. We are not saying totally exit but get into some of the quality largecap private banks including HDFC Bank. There will be a gradual incline and at a two-time price to book, HDFC Bank seems to be the largecap that can move. We are optimistic on all three – HDFC, ICICI and Kotak.” The Zee Entertainment stock continues to entertain. This morning again there are reports coming in which suggest that the merger talks are back on the table and probably we will hear more updates in the next 24 to 48 hours. What should one do as an investor or a trader? Sanjiv Bhasin: Lovely news being played out with both Paytm and Zee being contrarian. We hold both the stocks and we told you, you cannot get entertainment in India of the size of Zee at Rs 14,000 crore. I think there will be a huge breakthrough and if it does become an MNC, then God willing 350, 400, 500, anything is on the cards. All you have to do is go through this in the next 48 hours. I am very positive. Whatever the differences are, both the parties are sitting down. We will leave it up to that.

₹425 per share, 181.5% higher than the issue price of ₹151. On BSE, Vibhor Steel Tubes share price today was listed at ₹421 apiece, down 178.81% than the issue price.

Federal Bank shed 8 percent in intra-day deals on Tuesday as investors booked profit in the lender amid an overall weak market environment. Both Nifty Bank as well as Nifty also lost 0.2 percent in intra-day deals today. The stock fell as much as 7.9 percent to its intra-day low of ₹150.

₹750 crore in FY22. The top quintile (one-fifth) of this set of companies reported a compound annual growth rate (CAGR) of 15% or higher in revenue, while India’s nominal gross domestic product (GDP) growth rate averaged around 10%, McKinsey said. Based on the findings, McKinsey analysts said companies need to set aggressive growth targets to outperform both peers and the economy.

₹2 crore, or 10 times what authors typically get paid for non-fiction work. According to these executives, people close to the Tata Sons chairman emeritus, including some Tata family members, continue to consider the material that should finally go in print. Mathew had shared the manuscript with Tata in January 2022, and Harper Collins had initially planned to release the book, titled Ratan Tata-A Life on 7 November 2022.

₹20,000 crore per month. According to RBI, credit card spending among Indians rose to ₹1.65 trillion in December 2023 from ₹1.61 trillion in November. Macquarie Research says these cards were issued to drive volumes and never contributed much to profitability as margins were low.