Booking Financial News

₹2,000 crore from Religare Finvest Ltd (RFL), people familiar with the development said on Saturday. The searches, ED officials said, continued into the early hours of Saturday, with several incriminating documents recovered and large scale “proceeds of crime" identified. Religare, however, said that these raids were initiated following a complaint by the company itself.

quoted him as saying. Prince Harry and Meghan Markle left the Royal Family in 2020. They gave up their royal duties.

Upcoming IPO: Ahead of filing the Red herring prospectus (RHP), BLS E-Services — a subsidiary of BLS International Services — has mobilised ₹13.75 crore. As per the company's notice to investors, a total of 17 bought 11 lakh shares of the company in the pre-IPO phase. Prominent names as per the notice issued by the BLS E-Services include Sandeep Srivastava, Satnam Singh Takkar, Vijay Kumar Agarwal, Shaurya Vardhan Sonthalia, Rajya Vardhan Sonthalia, and Tarun Chandmal Jain.

“In the last so many years, PSU banks have been hammered and not been given fair value, so most of them are still trading at one-time book. I think still there could be a good enough upside from here,” says Rahul Shah, MOFSLEdited excerpts: We have major IT companies’ results next week. IT has been rather volatile, it has continued to decline for three straight weeks. But when we talk about Friday in particular, it is the top sectoral gainer as well. In light of these results, where do you see the IT sector headed? What do you think are these results going to look like? Nifty IT moved up around 25% in 2023. My sense is there are a lot of headwinds and this quarter, numbers also should be muted. Most of the companies as a sector will record muted earnings. Our channels check suggests that the spending on the IT companies has been less and no major order book has been there.

DDA)'s new housing scheme, were successfully booked on Friday through the e-auction mode. According to a report by PTI, the registration process for these flats commenced on November 30, with the e-auction officially commencing on Friday. “In today's e-auction, a total 274 flats were booked, including 129 MIG flats, 138 super HIG flats and seven penthouses," a senior official said, PTI reported.

Sobha jumped over 28% this week scaling a fresh 52-week high of Rs 1,343.35 in the process. Over the five trading sessions, the stock witnessed declines on two occasions as investors booked profit following strong upticks. On Friday, Sobha shares closed at Rs 1,269 on the NSE, down by Rs 26.25 2.03%. A ‘buy’ call by brokerage Motilal Oswal along with buying action in the realty stocks triggered a sharp rally in Sobha shares this week.

Jyoti CNC Automation IPO: The initial public offering (IPO) of Jyoti CNC Automation Ltd is going to hit the primary market on 9th January 2024 i.e. on Tuesday next week. The CNC machines maker company has fixed the Jyoti CNC Automation IPO price band at ₹315 to ₹331 per equity share.

Mumbai Police receive threat of blasts ahead of New Year, investigation underway Based on the complaint filed by the museum management, an offence under section 505 (1) (b), 506 (2), 182 of the Indian Penal Code was registered against unidentified persons at Colaba police station. An investigation into this matter is underway.

probe agencies, invested the alleged proceeds of crime (PoC) in crypto currency, bogus diamond trade, stock and offshore real estate, the ED probe has revealed. In the 1800-page supplementary prosecution complaint (PC) equivalent to a charge sheet, the federal anti-money laundering agency has also claimed that one of the accused, Asim Das, the courier who allegedly delivered the money to former Chhattisgarh Chief Minister, Bhupesh Bagel, and who had subsequently retracted his statement claimed that he did this 'under influence'. In a fresh statement Das has claimed that he stands by his original statement.

sliding doors at the entrance? As a person approaches the door, the motion or pressure-detecting sensors trigger the sliding of the doors. The building opens its heart as it were and welcomes you if you are coming from outside; the world outside beckons if you are leaving the building. In either case, hands free without you having to touch the door. How uncomplicated would life be if each of us could act as sensors to help slide doors smoothly and reveal a different world for each other? A world where we do not restrain each other behind locked doors.

South Korea's K-pop phenomenon, BTS. The comic delves into their meteoric rise to stardom since their debut in 2013 and explores their recent transition to military service. BTS, comprising seven talented singers, has achieved global acclaim with their infectious hits and impactful social campaigns, particularly focused on empowering the youth. The glossy comic sheds light on how these pop stars evolved into international sensations and the unique journey they navigate from being celebrated musicians to fulfilling their military service obligations.

Reacher season 2 episode 7 is releasing soon. On December 15, Reacher season 2 premiered on Amazon Prime Video with the return of Alan Ritchson as the official hero from the Reacher books by Lee Child Jack, along with a triple header. After the premiere, the behemoth of 6'5", captured the limelight every week, throughout the 2023 end, among his 110th Special Investigators Unit.

STAAH, has revealed the top channels across its network of over 19,000 properties. Gobibo and MakeMyTrip owner, GoMMT took the top spot for six years running.

Key reasons for analysts maintaining positive outlook- These include reasonable valuations the stock now trades at. Furthermore, the expectations remain high for consumer-oriented businesses as that of telecom and retail that now contribute more than half to Reliance Industries consolidated operating profits. The Capex cycle is behind, and the profitability improvement may be driven further by any tariff hikes in Jio.

Penny stock under ₹5: Shares of Sylph Technologies Ltd are one of the circuit-to-circuit stocks of Dalal Street. This small-cap stock under ₹5 touched a 5 per cent upper circuit on 29th December 2023. After hitting the upper circuit on the last session of 2023, this penny stock under ₹5 locked in the upper circuit on all first four trade sessions in New Year 2024.

Jubilant Foodworks Ltd. traded at Rs 555.95 on BSE at 12:28PM (IST) on Friday, down 0.94 per cent. The stock quoted a 52-week low price of Rs 412.2 and a high of Rs 586.35.

IRCTC share price: Shares of Indian Railway Catering and Tourism Corporation (IRCTC) have been on an uptrend after ushering in November 2023. IRCTC's share price bottomed out at ₹645 apiece levels at the end of October 2023. After that, it has been ascending continuously and hitting a new 52-week high regularly.

Motilal Oswal Financial Services is positive about the stock for the long term as it sees several growth levers at play for the company. The brokerage firm has initiated coverage on IIFL Finance stock with a buy recommendation and target price of ₹800, implying a 26 per cent upside potential.

SBI Cards and Payment Services Ltd. gained 0.85 per cent to Rs 776.65 in Friday's session as of 11:42AM (IST) even as the equity benchmark Sensex traded 40.42 points higher at 71887.99. Earlier in the day, the stock witnessed a gap up start to the session.

₹325.60 in morning trade on BSE on Friday, January 5. NTPC share price opened at ₹322.50 against the previous close of ₹317.10 and climbed 2.7 per cent to its record high of ₹325.60. The stock, however, pared gains soon and traded 0.74 per cent higher at ₹319.45 around 10:20 am.

HAL with a buy rating, and CLSA is positive on financial stocks like Bajaj Finance, ICICI Bank and Mahindra Financials. Motilal Oswal has a buy rating on IIFL Finance. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: UBS on HAL: Buy| Target Rs 3600 UBS initiated coverage on HAL with a buy rating and a target price of Rs 3600.