Booking Financial News
05.10 / 15:23
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Delhi Excise Policy Scam: SC grills CBI & ED, asks how money laundering case made out against Manish Sisodia
Supreme Court on Thursday posed a volley of questions to the CBI and the Enforcement Directorate about the Delhi excise policy 'scam' and asked the anti-money laundering agency how a case was made out against former deputy chief minister Manish Sisodia. The top court said merely because some lobby or pressure groups had sought a certain policy change does not imply there was corruption or commission of crime unless an element of bribery was involved. A bench of Justices Sanjiv Khanna and SVN Bhatti grilled both the federal agencies over the alleged involvement of Sisodia in the corruption and money laundering cases, and remarked those cases won't «stand two questions» before the trial court.
05.10 / 14:57
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ED summons Kapil Sharma, Hina Khan and Huma Qureshi in Mahadev online betting app case
Enforcement Directorate has now summoned Kapil Sharma, Hina Khan and Huma Qureshi in the Mahadev online betting app case. The investigating agency is planning to to question them in the capacity of a witness. According to reports, 14-15 other celebrities and actors are under the ED's scanner in the case. The company promoted by Sourabh Chandrakar and Ravi Uppal was being operated from Dubai.
05.10 / 11:37
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Ahmedabad's iconic Ashram Road to get a complete makeover, redesigned as 'Gaurav path'
Mahatma Gandhi's legacy, Ahmedabad's iconic Ashram Road is gearing up for a major transformation. This historic thoroughfare, which not only serves as one of the city's oldest and busiest routes but also connects Amdavadis to its rich historical past, is set to undergo a complete makeover.
05.10 / 09:25
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Pure EV unveils ePluto 7G Max electric scooter at ₹1,14,999: Check range and features
₹114,999. The company has also revealed that bookings for this vintage-inspired electric scooter are now available nationwide, with deliveries scheduled to start during the forthcoming festive season. Pure EV's objective in introducing the ePluto 7G Max electric scooter is to boost its sales during the upcoming festive season.
05.10 / 09:17
05.10 / 07:47
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Banking sector earnings preview: Expect a decent YoY earning growth in Q2 despite NIM compression, says Motilal Oswal
Motilal Oswal Financial Services. Apart from the numbers, management commentaries on unsecured loan growth and margins, traction in deposits and opex trends, the traction in fee income and treasury outlook are expected to be in focus in the banking sector's Q2 scorecard.
05.10 / 06:41
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World Cup could fetch ad revenue of Rs 2000-Rs 2500 crores: Karan Taurani
«So, we are going to see huge consumption numbers on the digital platform which is why we believe that potentially you could see around Rs 1000 crores of ad revenue just purely on the digital platform, which is about 60% to 70% to 80% higher as compared to the 2019 World Cup,» says Karan Taurani, Senior VP, Elara Securities. We were just chatting with Saurabh Mukherjea as well from Marcellus and he was talking about as to how the World Cup frenzy also gives you a light and insight into the affluent India, the aspirational India and the consumption boom thereby, the premiumisation theme. Everyone is willing to spend whatever it takes for the tickets, for the flights, for the hotels. What according to you are the beneficiaries that are going to emerge from the business of cricket? I think from a World Cup standpoint, firstly, we have to see two things that are happening for the first time.
05.10 / 06:01
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Retired couple books 51 consecutive cruises, says it’s cheaper than retirement home
For Australia natives Marty and Jess Ansen, the vacation never ends.
05.10 / 05:43
UPS
Digital
Booking
Waters
Manufacturing
electronic
What may put a stop to Zomato stock going up? Chakri Lokapriya answers
Chakri Lokapriya, CIO & MD, TCG AMC, says, “Swiggy is now focussing more on volumes given that the festive season is coming which means Zomato will also be forced to do so. Given that the stock has already run up now and given that its focus will have to shift again from profitability towards growth will kind of put a break to the stock.” Let us begin by discussing Bajaj Finance. Given the fact that Bajaj Finance is going to do a QIP, it will position itself well to maintain sufficient liquidity and maintain its margins in the upcoming festive season. So far, consumer demand has been weak across the board, except auto is a different ballgame. For the market, Bajaj Finance valuations will look more attractive. So, in spite of its high valuation, given its leadership position, Bajaj finance will do well as a stock.
05.10 / 05:43
UPS
IPO
Booking
Manufacturing
Experts
electronic
Polymatech Electronics files DRHP to raise up to Rs 750 crore via IPO
Polymatech Electronics, India’s first opto-semiconductor chip manufacturer, has filed its draft red herring prospectus (DRHP) with capital markets regulator Sebi to raise funds through an initial public offering (IPO). According to the draft papers, the company’s offering comprises a fresh issue of equity shares (face value Rs 10 each), aggregating to an issue size of up to Rs 750 crore, through book building route. There will be no offer-for-sale component. Polymatech Electronics proposes to utilise its net proceeds from the issue to purchase new machinery to enhance its existing facility at Oragadam, Kancheepuram, Tamil Nadu. Headquartered in Chennai, Polymatech commenced its journey of designing and producing opto-semiconductor chips in 2019, using the latest European and Japanese technologies. The company is led by Eswara Rao Nandam, Managing Director and an alum of BITS Pilani, with more than three decades of experience in the manufacturing and assembling sectors in electronic components, automobile components, personal electronics and robotics. The company designs, develops, tests and manufactures its opto-semiconductor chips in-house at its state-of-the-art facility located at Oragadam, Kancheepuram, Tamil Nadu.
05.10 / 05:43
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electronic
What Bajaj Finance's Billion Dollar Fundraising Plan Mean
festival season is here. And so is the season of sales and discounts. Everything from branded clothes to accessories to electronics, smartphones, and motorbikes is available on easy EMIs.
05.10 / 05:03
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Yellow
ADP
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Gold price jumps after US government bond rout. Opportunity to buy?
Gold rate today: On account of profit booking trigger in US dollar leading to rout in US government bonds, gold price today went up during early morning deals. Fold future contract on Multi Commodity Exchange (MCX) for December 2023 expiry opened higher at ₹56.825 per 10 gm and went on to hit intraday high of ₹58,880 levels within few minutes of commodity market's opening bell today. In international market, gold price is quoting aound $1,828.50 per ounce levels.
05.10 / 04:31
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Stocks to buy: Ircon, RITES, Titagarh Rail - three railway stocks with up to 30% upside
Also Read: Stocks to buy: HAL, Bharat Electronics, Mazagon Dock among top defence stock picks by Antique Broking Here are top railway stocks to have in your portfolio: IRCON International (IRCON) is engaged in railway EPC works and the railways garner the lion’s share of around 73% of its order book. The company’s order book stands at ₹324 billion as on June 30, 2023. It wishes to foray aggressively in high speed rail, semi high speed, solar and road projects.
05.10 / 02:27
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HAL
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Stocks to Watch: PNB, Marico, Bandhan Bank, Maruti Suzuki, Exide
Punjab National Bank: The lender said it has recorded a 9.7% year-on-year surge in its total deposits during the September quarter, reaching ₹13.1 trillion compared to ₹11.9 trillion in the previous year. The bank also saw a year-on-year uptick in its current account savings account which grew 2.6%. Marico: The consumer goods manufacturer said it saw a slight dip in second-quarter revenue due to rising food prices and below normal rainfall affecting rural demand.
05.10 / 00:43
Booking
AXY
Strategy
NIFTY
SENSEX
Bank stocks drop amid foreign selloff
Bank stocks were among the top losers in Wednesday's trading sessions as foreign funds continued their selling spree of Indian equities. Traders were also cautious ahead of the Reserve Bank of India's monetary policy outcome on Friday. The Nifty Bank index fell almost 1%, the Nifty PSU Bank Index dropped 2.8%, while the benchmark Nifty ended 0.4% lower. «While RBI is expected to hold rates, the global factors like the rising bond yields and higher interest rates have led to negativity in the banking space,» said Andrew Holland, CEO-Avendus Capital Alternate Strategies.
05.10 / 00:11
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queer
RuPaul’s Memoir ‘The House of Hidden Meanings’: Here’s what you may want to know
RuPaul, who is a well-known queer figure, producer, and host of RuPaul’s Drag Race, shared the news of his upcoming memoir titled "The House of Hidden Meanings" on Instagram. The book, which is set to release on March 5, 2024, will be published by HarperCollins. In a video message, RuPaul expressed both excitement and anxiety about the release.
04.10 / 22:29
04.10 / 21:11
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Sam
Sam Bankman-Fried Changed the Rules for FTX Employees When SRM Token Shot Up in Value – Here's What Happened
Sam Bankman-Fried (SBF) was forced to change rules for FTX employees in 2021 when their crypto profits threatened to let them retire early.
04.10 / 18:35
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After Sisodia & Jain, ED arrests AAP's Sanjay Singh in Liquor Policy Case
Aam Aadmi Party (AAP) Rajya Sabha MP Sanjay Singh in connection with its ongoing money laundering probe in the Delhi liquor policy scandal. Singh was arrested after the federal agency carried out searches at his residence on Wednesday morning. Singh was arrested on grounds of alleged non-cooperation with the probe agency and giving evasive replies. Singh's name is mentioned in the charge sheet filed by the agency in the liquor policy scandal.
04.10 / 17:53
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Asian Games 2023: AFI vice chief accuses Chinese officials of cheating as Neeraj Chopra's first throw goes unmeasured
ALSO READ Asian Games 2023: Neeraj Chopra wins the gold medal, netizens call him 'legend' "I was puzzled and confused, it has never happened in any competition I have competed in till now. I think they lost my landing mark and they kept on looking for it." Apart from this, Kishore Jena, who joined Chopra on the podium with his silver-winning effort, also had his second throw invalidated for crossing the line but the decision was later reversed. Senior vice president of the Athletics Federation of India (AFI), Anju Bobby George, accused the officials of deliberately targeting the Indians.
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