Booking Financial News

Surge, Peak XV Partners’ scale up-programme for early-stage startups. Other notable angels in the round include Naveen Kukreja, cofounder of Paisabazaar, Cred founder Kunal Shah, Zomato cofounder Mohit Gupta, Park+ founder Amit Lakhotia, among others.

Hero Motocorp is back on investors’ radar driven by rising conviction on premiumisation led earnings growth and higher two-wheeler volume growth on a low base. This is likely to offset the concern about a drop in the market share in the medium term.

Paul Lynch received this year’s Booker Prize for his dystopian novel 'Prophet Song' at a glittering ceremony at Old Billingsgate on Sunday. This is his fifth novel which narrates the story of protagonist Eilish Stack, who struggles to protect her family in Ireland slowly tipping into totalitarianism. Receiving the award, Paul Lynch said, «This was not an easy book to write. The rational part of me believed I was dooming my career by writing this novel. Though I had to write the book anyway. We do not have a choice in such matters.»

Investing.com — U.S. stock futures traded lower Monday, as investors turned cautious approaching the end of a generally positive month and the release of key inflation data.

Sai Silks (Kalamandir) has been seeing strong investor interest, rising almost 35 percent from its issue price in just 2 months. In a recent note, domestic brokerage house HDFC Securities has initiated coverage on the stock with a ‘buy’ recommendation and a target price of ₹385, indicating an upside of 29 percent from its current market price of ₹298.75, as on November 24. The bullish call is on the back of strong financial performance, a robust track record, and a healthy growth potential in the saree industry.

₹10 per equity share consists of a fresh issue of equity shares and an offer-for-sale (OFS) by promoters selling shareholders. As per the DRHP, the proceeds from the fresh issue will be utilised for funding the working capital requirements and general corporate purposes. The offer is being made through the Book Building Process, wherein not more than 50% of the Offer shall be available for allocation to Qualified Institutional Buyers, not less than 15% of the Offer shall be available for allocation to Non-Institutional Investors and not less than 35% of the Offer shall be available for allocation to Retail Individual Investors.

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IndiGo on Monday launched an AI chatbot, 6Eskai, which efficiently addresses customer queries in 10 different languages and boasts to offer a unique platform for booking tickets across the entire network. The airline also said that this chatbot is powered by the groundbreaking GPT-4 technology which is developed by IndiGo's digital team and Microsoft. The 6Eskai has managed to reduce 75 per cent of customer service agent workload, the airline said as indicated from the soft launch.

IndiGo has launched an AI chatbot, 6Eskai, powered by the GPT-4 technology with an aim to address travellers' queries in 10 different languages and to offer a first of its kind platform for booking tickets across the entire network. The airline spokesperson said that developed entirely in-house by IndiGo's digital team, in close collaboration with Microsoft, the AI chatbot represents a significant milestone for the airline.

Samsung and Maison Margiela, the renowned French luxury fashion house, have joined forces to unveil the latest addition to their collaboration—the Samsung Galaxy Z Flip5 Maison Margiela Edition. This exclusive smartphone, following in the footsteps of its predecessors, the Retro Edition, Special Colour Edition, and BTS Edition brings a unique blend of style and technology. Here's a comprehensive overview of the key details surrounding this fashionable device.

Royal Family and reside abroad, were formally asked to hand back the keys to Frogmore Cottage. This request came through a letter from Sir Michael John Stevens, the Keeper of the Privy Purse. Harry questioned his father's desire to see his grandchildren, highlighting the personal strains within the family.

share allotment was finalised on Saturday, November 25. The company's equity shares are likely to be listed on stock exchanges BSE and NSE on November 29. Ahead of the IPO listing, let us check what the GMP and subscription status show: Analysts note a robust investor response to the IREDA IPO, suggesting that the surge in grey market sentiment may be attributed to the strong reception.

BSE. The ₹3,042.51 crore IPO was open for subscription between November 22-24 at a price band in the range of ₹475-500 per share. The first IPO by the Tata Group in over 19 years was subscribed 69.43 times during November 22-24.

author to win the prize while the last Irish writer Anna Burns won the award in 2018. Booker Prize is awarded to the best novel of fiction written in English and published in UK and Ireland.

Booker Prize for fiction on Sunday with what judges called a «soul-shattering» novel about a woman's struggle to protect her family as Ireland collapses into totalitarianism and war. 'Prophet Song,' set in a dystopian fictional version of Dublin, was awarded the 50,000-pound ($63,000) literary prize at a ceremony in London. Canadian writer Esi Edugyan, who chaired the judging panel, said the book is «a triumph of emotional storytelling, bracing and brave» in which Lynch «pulls off feats of language that are stunning to witness.» Lynch, 46, had been the bookies' favourite to win the prestigious prize, which usually brings a big boost in sales.

global megatrends in 5G, data centers, electronic vehicles, healthcare, artificial intelligence, and Industry 4.0. Three EMS players namely Kaynes, Avalon, and VVDN entered into Transfer of Technology (ToT) licensing with the Central government for the development of Advanced Computing (CDAC) for developing ‘high performing computing servers (HPC)’. The supply chain has still not come up in India and EMS players are dependent on component imports. The government has recently given approvals for defence acquisitions/procurements amounting to ~INR78b. In the long term, combined revenue for the MOSL EMS coverage basket is poised to register a 38% CAGR over FY23-26E, aided by an improvement in high-value product mix (box builds) and increasing order flows from high-margin industries such as A&D, Clean Energies, Industrials, etc. Consequently, combined EBITDA margin is likely to expand by a few basis points more to reach ~14.0% by FY26, with EBITDA CAGR of ~40% to reach INR19.8b over FY23-26 from INR7.3b only in FY23 The Jul-Sep quarter is a seasonally weak period for the EMS industry.

The coming week should be interesting, as significant economic data releases and critical new flows are expected to provide direction to the market, Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel One said. Among the domestic data sets, India's quarterly GDP figures, monthly auto numbers, and exit polls from the recently concluded state elections are likely to weigh on markets, Singh said. Nifty ended flat while Bank Nifty with declines of 0.9%. What is the outlook for next week? Markets have been trading with a positive tilt in recent weeks, but the key indices, Nifty, Bank Nifty, and Sensex, have been unable to break above recent highs. And, with investor interest in the primary market increasing, as well as profit-booking, we should expect increased volatility in the coming week.

MUMBAI : Asset allocation in equities should reflect the changes in market conditions. Unfortunately, a lot of investors have misinterpreted this as selling when the market goes up and buying when the market goes down," says Nimesh Chandan, chief investment officer, Bajaj Finserv Mutual Fund. The asset management firm was in the news recently for launching a balanced advantage fund (BAF), a type of hybrid mutual fund that invests in a mix of equity and debt securities.

Investing.com — With investors on tenterhooks over when global interest rates might start to fall, upcoming inflation data this week will be in focus. OPEC+ meets to discuss oil output cuts and data from China will give fresh insights on the economic outlook for the world’s number-two economy. Here’s what you need to know to start your week.

New Delhi: India plans to showcase the Global Biofuels Alliance (GBA) at the upcoming UN Climate Conference (COP28) in the UAE, one of the world’s leading oil-producing nations. As part of the advocacy, the government also plans to light up the iconic Burj Khalifa with ‘GBA’, said two people aware of the development. The marquee alliance with India, the US and Brazil as its founding members was launched at the G20 summit hosted by New Delhi in September, and has grown rapidly, with a total of 22 countries having agreed to join the GBA.

The Polar Express. The enchanting journey of belief, based on Chris Van Allsburg's children's book, brings a magical world to life with Tom Hanks embodying a multitude of characters. For those who haven't secured a Blu-ray, DVD, or Digital copy, the question arises—where can one watch this holiday gem? We've got you covered!