Booking Financial News

State Bank of India, the country's largest lender with nearly a fifth of the market share, has been a pivoting star, with its fortunes turning around in the past few years and rewarding investors who kept the faith. From a bleak position of reporting losses, the state-run bank made giant strides to report a net profit of ₹50,232 crore for FY23 under chairman Dinesh Kumar Khara.

₹303 crore from anchor investors, ahead of its initial public offering that opens for public subscription on Tuesday, December 19, 2023. The company informed the bourses that it has allocated 35,59,740 equity shares at ₹850 per share on Monday, December 18, 2023, to the 25 anchor investors.

The ball in Times Square will soon be dropping, closing the book on 2023 and ushering in a brand-new year. It also means it’s time for financial advisors intent on improving their practices to get their new year’s resolutions on the record.

The company allocated 21 lakh equity shares at Rs 100 per share to anchor investors. PGIM India Fund, BOFA Securities and Negen Undiscovered Value Fund among others were the buyers. The IPO is completely a fresh issue of 1 crore shares.

popular international destination in 2023, as per global travel marketplace Skyscanner that shared a wrap-up of how India travelled in 2023. Bangkok was the second most popular international destination for Indian travellers this year. «From savoring street food delights in bustling markets to exploring ornate temples like Wat Pho and indulging in the vibrant nightlife along Khao San Road, the city known for its bustling energy and cultural richness captivated Indian travellers in 2023,» Skyscanner said in a statement.

₹21 crore from anchor investors ahead of its initial public offering that opens for public subscription on Tuesday, December 19, 2023. The company informed the bourses that it has allocated 21,00,000 equity shares at Rs. 100 per share on Monday, December 18, 2023, to anchor investors.

Gaja Capital Business Book Prize 2023 jointly awarded to ‘Against All Odds: The IT Story of India’ and ‘Winning Middle India: The Story of India’s New-Age Entrepreneurs’ by esteemed authors Kris Gopalakrishnan, N. Dayasindhu, Krishnan Narayanan, and T.N. Hari, and Bala Srinivasa. Against All Odds: The IT Story of India, a chronicle of the trials, triumphs, and history of the Indian IT sector over the last six decades, and Winning Middle India: The Story of India’s New-Age Entrepreneurs, a detailed account of the new generation of startup founders who are catalysts for innovative products and services in India, have been announced as the joint winners of the Gaja Capital Business Book Prize 2023.

₹280 per share on Monday, December 18, 2023, to anchor investors. Foreign and Domestic long-only Institutions who participated in the anchor were Nippon Mutual Fund, HSBC Mutual Fund, Aditya Birla Sunlife Insurance, Kotak Mahindra Life Insurance, Bajaj Allianz Life Insurance, Integrated Core Strategies (Asia), Morgan Stanley Asia, SBI General Insurance, JM Mutual Fund, Subhkam Ventures, Reliance General Insurance. Out of the total allocation of 58,90,488 equity shares to the anchor investors, 24,99,167 equity shares were allocated to domestic mutual funds through a total of 3 schemes amounting to ₹70 crore i.e.

Lana Condor, Janel Parrish, and Anna Cathcart, who portrayed the beloved Song-Covey sisters in the To All the Boys I've Loved Before trilogy, came together for a heartwarming reunion at the Unforgettable Gala in Beverly Hills on Saturday night. The actresses, embodying the roles of Lara Jean, Margot, and Kitty, respectively, in the hit Netflix movies, were visibly emotional as they posed for photos during the black-tie event. Adapted from Jenny Han's bestselling books, the To All the Boys I've Loved Before films have left a lasting impact, and the author herself shared a group photo on Instagram featuring Condor, Parrish, and Cathcart. The trio, now all grown up, exuded joy as they smiled together, capturing the essence of their sisterly bond.

The recent crackdown on Binance by the US Department of Justice (DOJ) has triggered a seismic shift in how the crypto industry operates, with Binance now set to undergo what experts call an “unprecedented” level of scrutiny.

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Travelopedia 2023 on Monday. The company said Travelopedia 2023 draws insights from Oyo’s global booking data and unveils key trends that have shaped travel experiences for its over 93 million users across India, UK, US, Germany, Denmark, Belgium, Netherlands, Indonesia, Malaysia, and the rest of Asia and Europe, spanning January 1 to December 1, 2023. As per the report, Hyderabad emerged as the most booked city in India followed by Bengaluru, Delhi, and Kolkata.

Hyderabad Auto & Taxi Drivers Association on Monday announced the launch of a new ride-hailing app Yaary, backed by the government’s Open Network for Digital Commerce (ONDC) protocols. The app has been built by Hyderabad-based startup Yaary, founded by former fintech professionals. Yaary has already onboarded over 20,000 auto and taxi drivers in Hyderabad, and is collaborating with various other driver associations across other cities to launch similar mobility apps, it said in a statement.

Moitra and calling her expulsion «unfortunate,» West Bengal Chief Minister Mamata Banerjee said that expelling TMC MP without giving her chance to defend herself was «wrong». Moitra, facing cash for query allegations, was expelled from the Lok Sabha after the Parliament adopted the report of its Ethics Committee, which was probing the matter. The motion moved by Parliamentary Affairs Minister Pralhad Joshi was passed by a voice vote after a heated debate between the opposition and Treasury benches. "Party is fully giving support to her...When they expelled her without taking her opinion, then I stood strongly," the West Bengal CM said.

By Ahmed Eljechtimi

Also Read: Inox India IPO LIVE subscription status: Issue subscribed 15.75 times so far on day 3; GMP drops Let us check Sahara Maritime IPO subscription status, latest GMP and key things to know: Sahara Maritime IPO opened for public subscription on Monday, December 18, and will close on Wednesday, December 20. The IPO allotment is expected to be finalized on December 21, while Sahara Maritime IPO will list on BSE SME with a tentative listing date fixed on December 26. Sahara Maritime IPO price band has been fixed at ₹81 per share.

first information report (FIR) was filed against Chairman Sajjan Jindal by a Mumbai woman, accusing him of rape. However, the chairman of the steel-to-power conglomerate has denied the allegations. "Mr Sajjan Jindal denies these false and baseless allegations.

Christmas and New Year. Planning the perfect holiday requires careful consideration and thoughtful preparation to ensure a seamless and enjoyable experience. While traveling with your loved ones on Christmas or New Year's eve surely sounds exciting, it comes with a whole lot of planning.

Sailesh Raj Bhan, CIO, Nippon India Mutual Fund, says: “Logistics is one space which post-GST has become a scalable, large, all India opportunity which is possible. This is directly available to us. Second area is while pharmaceuticals might seem to have done well over the last 20 years, the same opportunities as young as it was maybe a decade back because the country itself is changing, the demographics are changing, the scale itself is changing there. Within manufacturing or energy transition, the power side, the activity levels in India could be way higher and way different in the next 7-10 years. That will throw in a lot of activity on transmission and power networks. Bhan also says: “These spaces appear to be extremely attractive and the most commonly talked about luxury space in India because of what is really happening in the upper end, the top 10% of India behaving exactly like how the high-income countries globally behave.” Everyone is smiling this year, do you think the smiles will last for 2024 as well? I think the micro conditions have significantly improved and policy continuity is also being anticipated by the market.

Zee Entertainment Enterprises Ltd. gained 0.39 per cent to Rs 278.45 in Monday's session as of 02:11PM (IST) even as the equity benchmark Sensex traded 139.88 points lower at 71343.87. Earlier in the day, the stock witnessed a gap down start to the session.

Suraj Estate Developers was subscribed 30% so far on Monday, the first day of the bidding process. The issue closes on Wednesday. While the retail portion was subscribed 55%, the NII category was booked 11%.