Booking Financial News

₹133.15 apiece in today's session. This marks a cumulative drop of 21% over the six-day period. The decline can be attributed to profit booking, as the stock had been on an upward trajectory between January 19 and February 02, delivering a stellar return of 93.5% in just two-week period, surging in value from ₹87.20 apiece to ₹168.65.

Also Read | Narayana Murthy was ‘Bonus Dad’ to daughter Akshata Murthy, reveals book. Here's why “There were several extremely smart early adopters of Infosys whom I could not award the kind of stock I gave to my co-founders.

There was a big controversy in the science-fiction community last month when it emerged that the 2023 Hugo Awards, decided in October at the world convention in Chengdu, China, had inexplicably disqualified a few prominent entries from the list of nominations.Those quietly dropped included R.F. Kuang’s bestselling Babel and Xiran Jay Zhao’s Iron Widow, prompting suspicion that they might have triggered Beijing’s censorship filters. Even an entry by the legendary Neil Gaiman was disqualified.

₹1600 crore is open for subscription and is witnessing a tepid response. Entero Healthcare Solutions IPO opened for subscription on Friday, February 9. At the end of day 1, Entero Healthcare Solutions IPO subscription status was 10 per cent.

Rashi Peripherals IPO: Bidding for the initial public offering ended on Friday last week. In the wake of the T+3 listing rule, which has become mandatory from 1st December 2023, Rashi Peripherals IPO listing date is most likely on 14th February 2024 i.e. on Wednesday this week.

Sensex gained 167.06 points, or 0.23%, to close at 71,595.49, while the Nifty 50 ended 64.55 points, or 0.3%, higher at 21,782.50. Analysts expect cautiousness to prevail and the market to consolidate in the near term amid key macro data and the last leg of Q3 results. Also Read: Week Ahead: Inflation data, Q3 results, global cues among key market triggers this week “The equity market remained volatile during last week, responding to events like the US Fed Policy announcement, and the RBI policy in quick succession.

Sensex climbed 167 points to settle at 71,595 and the broader Nifty rose 64 points to 21,782. Stocks that were in focus included names like RVNL, which fell 8.06%, BEML, which dropped 7.69%, and Swan Energy, whose shares jumped 6.95% on Friday.

Association of Mutual Funds in India. Gross addition of accounts was also the highest on record at 5.1 million last month, while new SIP account to closure ratio — a measure to gauge how many SIPs accounts opened for one closed — was the best in 25 months at 2.18. The monthly SIP book at Rs 18,872 cr was 7% higher from Dec, the fastest sequential growth in 21 months Assets under management of SIP-linked funds rose to Rs 10.26 lakh crore in January 2024, crossing the psychological milestone of Rs 10 lakh crore ($123 billion) for the first time, show the data. SIPs accounted for 19.5% of total mutual fund AUM at the end of last month. This implies nearly one-fifth of India’s total AUM is contributed by SIP-linked funds, which are presumed to be stickier than lumpsum investments. The share of SIP-linked funds to total mutual fund AUM nearly doubled in five years, with the SIP book growing at 33.78% annually, compared with 17.67% by the wider mutual fund industry. Of the total mutual fund industry AUM of Rs 52.74 lakh crore at the end of January, equity schemes accounted for nearly 43%, followed by debt at 26%, passive scheme (index & ETF) at 16% and hybrid at 13%, with the balance in other schemes

By Archishma Iyer

Income Tax Act — whose impact would be felt for the first time this year, a business entity failing to pay its vendors registered as 'micro' or 'small' (MSE) within 45 days of delivery, would not get the deduction of its purchase in the year of the purchase but can claim the deduction only in the year of 'actual payment'. Thus, deduction disallowance for unpaid outstandings would increase the taxable income and tax of companies for FY24. In grappling with the new statute, companies and vendors are trying to escape its impact in different ways — some of which may not later stand the scrutiny of the auditors and tax office.

Teri Baaton Mein Aisa Uljha Jiya Box Office Collection Day 3: Shahid Kapoor and Kriti Sanon starrer "Teri Baaton Mein Aisa Uljha Jiya" earned ₹9.4 crore at the box office on Day 3 of its release, Sacnilk.com said on Sunday. The firm has collected ₹25.75 crore after 3 days of its release on 9 February, and the Day 3 earnings of the film at the global box office are still not revealed. Earlier, production house Maddock Films released the global box office collections of 2 days and informed that the film has crossed ₹20.2 crore in worldwide theatres.

Godrej Properties' sale bookings are likely to rise 50 per cent annually to over Rs 18,000 crore this fiscal year, beating the annual guidance on strong demand for its residential projects. In an interview with PTI, Executive Chairperson Pirojsha Godrej said the company is hopeful of selling properties of more than Rs 5,000 crore during January-March period of this fiscal year, repeating the performance of the previous two quarters. The real estate arm of Godrej Group had sold properties worth Rs 12,232 crore in 2022-23 and had given sales guidance of Rs 14,000 crore for the current fiscal. «We have crossed last year bookings number already in the first nine months of this fiscal and expect to go well past our full-year guidance. Overall we are happy with what is going from an operational perspective and hoping for a strong end to this fiscal year,» said Pirojsha.

Rajya Sabha is all set for elections to its 56 seats on 27 February. The elections will be conducted for seats across 15 states of India including 5 from West Bengal. “We are pleased to announce the candidature of @sagarikaghose, @SushmitaDevAITC, @MdNadimulHaque6 and Mamata Bala Thakur for the forthcoming Rajya Sabha elections.

₹73 to ₹77 per share. Also read: Indian Emulsifiers files draft papers with NSE to raise funds via IPO Investors can bid for a minimum of 1600 shares and in multiples thereof. The minimum amount of investment required by retail investors is ₹123,200.

Mint delves into the underlying causes of the unprecedented crisis in the Panama Canal, highlighting its significance as a crucial trade choke point in global commerce. Additionally, it examines how these challenges exacerbate the already strained global shipping industry. The Panama Canal is currently experiencing a severe drought attributed to the El Niño phenomenon, characterized by the warming of Pacific Ocean waters occurring every two to seven years.

Indian Institute of Industrial Engineering Dr Bhaskar Bhandarkar was booked for allegedly misappropriating Rs 1.5 crore during his tenure between 2008 and 2018, a police official said on Sunday. A case pertaining to cheating, criminal breach of trust, forgery, theft and other offences was filed on the complaint of a staffer from the institute, the CBD police station official said.

Jana Small Finance Bank IPO: GMP, how to check status as focus shifts to allotment date "The surge in domestic capital influx, robust growth of Indian entrepreneurial endeavors, advancements in governance standards, and the active engagement of conscientious institutional investors collectively contribute to the sustained momentum expected in the IPO market throughout 2024. This week, commencing February 22nd, 4 mainboard IPOs Appejay Surrendra Park Hotels, Rashi Peripherals, Jana Small Finance Bank and Capital Small Finance closed to raise cumulative of 2,613 crores," said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd.

Goa, Delhi’s favourite holiday destination, with criminals using a north Indian restaurant as cover, seems perfect for the portly private eye. Delhi Police’s Economic Offences Wing, which carried out this real-life operation last August, must have had no problem getting volunteers. All they knew was that the targets, a couple accused of embezzling more than Rs 4 crore, had taken cover running a restaurant in North Goa with ‘Rasoi’ in its name. So, to apprehend the criminals, the team booked into a hotel and ordered from every restaurant with Rasoi in its name. We’re told that the orders were lavish — shahi paneer and naan are mentioned, but there must have been much more — presumably to ensure the restaurant delivered directly, rather than through a delivery app. They then followed the delivery guy back and finally, on the fifth order, hit gold at a restaurant named Aunty ki Rasoi.

Prem Watsa's Fairfax Financial Holdings has faced a short seller attack from US hedge fund Muddy Waters, which alleged wrongdoing on the part of the Toronto Stock Exchange-listed company and sent its shares tumbling by 12% on Thursday. The stock pared some of the losses on Friday after a research note from the National Bank of Canada downplayed the allegations. Muddy Waters alleged that Fairfax Financial Holdings inflated the fair value of its assets which resulted in notional profits that boosted the company's book value.

British empire — while the audience wonders whether some free snacks and free books could be finagled at the end of it. Quite often, they fail. Having attended three literature festivals this year back-to-back, I've concluded that it is possible to have a wonderful time once you've avoided crowds chasing unlikely heartthrob Sudha Murty and English thesaurus on the cheap Shashi Tharoor, the former actually requiring a bodyguard to protect her from demanding schoolchildren and college students (and one Narayana Murthy fan). This is the first time I've seen a children's book author requiring a bodyguard. The first festival I went to this season was in Bangalore. And it was around a swimming pool. (Whyever not?). Apart from literature, there was a lot of startup wisdom, as expected in Nilekani City. What's very zeitgeist in India now is someone whose startup has made a few hundred crores, has a podcast, and is a mid-30s philosopher, holding forth on everything from the number of steps a day necessary to how FDs will ruin you, to the toxicity in tonic.

Ram sport a beard? And if he did, or didn't, how are we to know? If an overwhelming number of people believe that he was clean-shaven, isn't that enough for us to consider the matter settled then — that the deity-king was as smooth on chin as Lord Salman is on chest? The 'beard' issue has been festering in my head for quite some time now. The heady partnership of mob and media may not have picked up on it yet. But a recent conversation about 'How on Earth did we fix the way our gods look?' — including the remarkable transformation of the West Asian, brown-skinned, dark-haired Jesus into a blond Haight Ashbury hippie dude — made my salt'n'pepper thoughts on the matter bristle again. One thing's for sure — as much as one can be sure about things like these: it's certainly unlikely that (wo)man created god in her/his own image. You only have to see your neighbours. Unless, that is, your neighbours' ancestors couldn't stand the idea of normal-looking devis aur devas, so had them 'made' super-real/surreal, desi Barbie-style perfect?