Booking Financial News

LTIMindtree Ltd. traded 1.33 per cent down at Rs 5077.7 on Tuesday at around 01:49PM (IST), while the benchmark BSE Sensex advanced 329.85 points to 64112.65. As many as 3,357 shares changed hands on the counter with a total value of Rs 1.71 crore.

Here's a look at the subscription and other details Mamaearth The public offer of Honasa Consumer, which operates the Mamaearth brand, was subscribed just 4% so far on the first day of the bidding process. While the retail category was booked 22%, the other two categories are yet to get off the mark. According to market sources, the company's shares are trading with a marginal premium of Rs 7 in the unlisted market. The issue is priced in the range of Rs 308-324, and at the upper end, the company is valued at nearly Rs 10,500 crore. The IPO includes a fresh equity issue of Rs 365 crore and an offer for sale of about 4.12 crore shares.

«We exited March almost at 70% of our capacity at Rs 550 crore a month. And we wanted to demonstrate the operating leverage. And we said that for this full year, this is the range of volume we will do for the whole year,» says Shachindra Nath, Vice Chairman & MD, U GRO Capital. It was a solid show yet again from you. The AUM is up 74%. Net disbursements continue to be quite high. Quite a bit of improvement on the profitability front as well. Talk to us about sustainability of all of this? Let us say, as far as AUM is concerned, what is the target for FY24? As I have said this to you in our last quarter result as well, that we built up our capacity in last two and a half years. We are almost five-year-old company. In last two and a half year, we heavily invested into both our distribution and liability infrastructure and data technology which drives revolution which we are trying to bring in MSME financing in India. We exited March almost at 70% of our capacity at Rs 550 crore a month. And we wanted to demonstrate the operating leverage. And we said that for this full year, this is the range of volume we will do for the whole year.

Engineers India (EIL) as its 'high conviction idea' on the back of a healthy order book, strong revenue visibility, and robust financials. The brokerage has a ‘buy’ call on the stock with a target price of ₹160 for a time duration of 6 months. This implies an upside of over 26 percent from its current market price of ₹126.75 (as of October 30).

Honasa Consumer IPO: The Initial Public offering (IPO) of Mamaearth parent Honasa Consumer Limited hit primary market today. This means, subscription for the Mamaearth IPO has opened today and it will remain open for bidding till 1st November 2023.

Story Time with Sudha Amma, which will begin streaming on 31 October. The show will feature 52 stories penned by Murty including Grandma’s Bag of Stories, Grandparents’ Bag of Stories, and The Magic Drum and Other Favourite Stories and will be streamed on Murty Media’s YouTube channel. The series will be launched in six languages – Hindi, English, Marathi, Kannada, Tamil, and Telugu, with each episode 11-minute long.

The share of Canadians missing payments on their mortgages is down compared to last year despite the impact of higher interest rates, according to the Canada Mortgage and Housing Corp.

Investors say they expect the Qantas board to act on executive pay despite the airline revealing plans to fight the competition watchdog’s claims it misled and deceived customers, blaming systems errors and saying nearly all customers were eventually rebooked on new flights.

Chakri Lokapriya, CIO & MD, TCG AMC, says “one of the big calls that we took was we do not hold HDFC Bank at all after many, many years simply because it is a great company, but the valuations are still kind of reflect some of the integration issues that the company has, which will continue to impact its margins for a good some time more to come. In general, we do not own banks as much, but we are making up for that through NBFCs.” What has been your market approach in the last two or three weeks? Lots of power stocks have corrected in the last few days. And individual stocks are down a good 10-20%. So I think in terms of financing of power through REC, Power Finance, through the power companies itself, like buying BHEL, Siemens, I think those will continue to do well because the long-term story is intact. It is just that in the short-term, there was a profit-taking bout. Since that story is intact, we have been buying.

«In these six years, we have actually built six consumer-loved brands. Now, the kind of growth that we have seen our brands take, it does need certain investment,» says Ghazal Alagh, CIO, Honasa Consumer. Meanwhile, Ramanpreet Sohi, CFO, Honasa Consumer says, «Younger brands, of course, need a higher level of investments because they are in a phase where they are growing faster and we need to continue to invest behind them, so that is how we would like to put it.» Let us begin by talking about the kind of pace of growth that you are currently clocking in. How much faster than the industry are you currently growing at and how much faster are you likely to grow down the line? Ghazal Alagh: In the past few years, we have grown significantly faster than the market. The way our business model has been built actually focuses on the fact that there are certain playbooks and with each of the new brands that we launch and we have six brands now, the playbooks are replicable and they give us efficient growth with each of them. I think what we can say is that our aim is to continue to grow faster than the market and that is what we are going to focus on.

Commonwealth Bank’s mortgage book has shrunk for the third month in a row, an unprecedented loss of share for the country’s largest lender.

Macquarie’s banking and financial services arm has cut the number of advisers on its books under the premise of a restructure, Street Talk understands.

Future Group has wasted no time spending its Series C funding, picking up Guild Super Services and its $2.8 billion in funds under management.

money, there is another group that is experiencing significant losses. However, the number of people profiting from the stock market may be less than the number who lose.

Trent Ltd. rose 1.83 per cent to Rs 2158.95 in Tuesday's trade as of 10:25AM (IST) even as the benchmark Nifty ruled at 19140.9, up 93.65 points. The scrip had closed at Rs 2120.15 in the previous session.

Mamaearth IPO: The Initial Public Offering (IPO) of Honasa Consumer Limited popularly known as Mamaearth has hit primary market today. Mamaearth IPO will remain open for bidding till 2nd November 2023. Honasa Consumer Limited has fixed Mamaearth IPO price at ₹308 to ₹324 per equity share.

Lincoln Lawyer" is heading towards its third season. After the twist-filled conclusion of season 2 that had audiences on the edge of their seats, Netflix announced the renewal of the series for a third round, much to the delight of its fans.

Family Business, are now on Netflix. They were added on October 24, and viewers are busy watching them. People who've already watched the previous seasons are wondering if there will be a fifth season. Let's see what we know. The Family Business, created by Carl Weber, is based on his bestselling crime drama book series. It revolves around a seemingly normal family running a successful exotic car dealership in New York while hiding a dangerous double life. The show features a talented cast including Ernie Hudson, Valarie Pettiford, Darrin Henson, Javicia Leslie, Sean Ringgold, Tami Roman, Miguel A. Núñez Jr., and more. The series initially aired on BET from 2018 to 2019 and continued on BET+. Now, Netflix viewers have access to all four seasons.

Def Jam, has shared his departure from the label. He also announced a double album, «I Might Forgive… But I Don't Forget,» set to be released via his CTE New World imprint on November 3. The album, titled "I Might Forgive," will feature production by Ricky Polo, ATL Jacob, Cubeatz, Hendrix, and more. The second part, «But I Don't Forget,» will be entirely produced by the J.U.S.T.I.C.E. League. This collective has collaborated with Jeezy on various projects, including his debut album, «Let's Get It: Thug Motivation 101,» released in 2005. Jeezy's exit from Def Jam is significant since his first studio album was launched through Def Jam South. All subsequent albums have been a joint effort between Def Jam and CTE, including his most recent solo release, «The Recession 2,» which came out in 2020. That year, he extended his contract with Def Jam and took on a consulting role. In August, Jeezy ventured into the world of publishing with his first book, «Adversity for Sale: Ya Gotta Believe.» The book delved into his journey to success in business and music, highlighting how he overcame obstacles.

Lenders are backing Australia’s retirement living sector.

Prime Video this week.