Booking Financial News

₹2 per share, according to the addendum filed with SEBI. As part of the Tata Tech IPO, Tata Motors will sell up to 8.11 crore shares via offer for sale, Alpha TC will sell up to 9.71 crore shares, Tata Capital Growth Fund I will offer up to 48.58 lakh shares.

jail on charges of fraud, had also "planned to give $15 million to $30 million to Republican Senator Mitch McConnell to defeat the ‘Trumpier’ candidates" in the last Senate elections, according to the excerpt of the book - Going Infinite: The Rise and Fall of a New Tycoon - published in TheWashington Post. "On a separate front, he explained to me, as the plane descended into Washington, he was exploring the legality of paying Donald Trump himself not to run for president," Lewis wrote. "His team had somehow created a back channel into the Trump operation and returned with the not terribly Earth-shattering news that Donald Trump might indeed have his price: $5 billion.

Saraswati Saree Depot, Exicom Tele Systems, and Vibhor Steel Tubes — have filed their draft prospectus papers with Sebi to launch their respective IPOs. Saraswati Saree Depot The IPO of Saraswati Saree Depot includes a fresh issue of 72.45 lakh shares and an offer for sale (OFS) of 35.5 lakh shares. Under the OFS, promoters Tejas Dulhani, Amar Dulhani, Shevakram Dulhani, Sujandas Dulhani, Tushar Dulhani, and Nikhil Dulhani will offload shares. The offer is being made through the book-building process where 75% of the issue is reserved for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail investors. Saraswati Saree Depot is a key player in the sarees wholesale (B2B) segment, and its origin in the sarees business dates back to 1966. It is also engaged in the wholesale business of other women’s apparel wear such as kurtis, dress materials, blouse pieces, lehengas, bottoms, etc. On average, more than 90% of the company's total revenues are generated from the sale of sarees.

The Rs 640-crore IPO of Updater Services was subscribed 2.9 times overall at the close. The issue comprised fresh equity of Rs 400 crore and an offer for sale (OFS) of 80 lakh shares by promoter and other selling shareholders. The company priced the IPO in the range of Rs 280-300 per share.

₹8,000-9,000," said Tarun Garg, chief operating officer (COO), Hyundai Motors India, told Mint. Hyundai's strategy to grab an edge back from the competition involves a three-pronged strategy: make advanced safety features such as ADAS (advanced driver assistance system) available as an optional feature in more of its current line-up of products (from 38% at present to 60% by 2024 and eventually 100% of its model range), make active safety features such as ESC (Electronic Stability Control) with VSM (Vehicle Stability Management) available in one or more trims across all models, and make basic passive safety equipment like six airbags for passenger and driver, three-point seatbelt and seat belt reminders standard across all models. "We enhanced our ADAS offering from a single model (Tuscon) to five models, including the Exter, in just one year, The response has been very good.

IRCTC share: Indian Railway Catering and Tourism Corporation (IRCTC) share price witnessed sharp upside after an hour of stock market's opening on Tuesday. After gap down opening in early morning deals, IRCTC shares witnessed sharp buying interest at around ₹680 apiece levels and the stock soon hit an intraday high of ₹707.40 per share on NSE, logging an intraday gain of around 4 per cent during Tuesday deals.

Indian Express. According to the report, the incident took place in Khakhrali village where four men, including a Dalit, were allegedly forced to dig a well. After the labourers expressed their unwillingness to do so, they were allegedly held captive, and chained to a motorbike at night, so that they can't escape.

₹18.63-crore worth Goyal Salt IPO has received stellar response from investors so far. Goyal Salt IPO is a book built issue and an SME IPO that opened for public subscription on September 26. Rajasthan-based Goyal Salt Ltd is a refiner of raw salts procured from subsoil brine, used as industrial salts and edible salts.

₹15,000 crore for various projects, including the airport. "As part of its diversification strategy and funding for infrastructure projects, PFC sanctioned its maiden financing for a Greenfield Airport project in Andhra Pradesh," it said.

The Heat Will Kill You First", a new book, America would have seen “the Hurricane Katrina of extreme heat". It is not just the United States, where 100m people are under heat-advisory notices, that is suffering. There is currently a spate of such heatwaves around the world.

Squadron Energy, the private renewable generation group controlled by the billionaire Forrest family, has recorded its first sales but slumped to a $220 million loss after the $4.2 billion purchase of CWP Renewables.

Gautam Shah, Founder & Chief Strategist, Goldilocks Premium Research, says “we are focussing right now on committing into stocks with quality institutional interest, quality fundamentals, great structural stories, which I do not think will be impacted if the markets were to correct. But on a general basis, on an overall basis, one should be aggressively booking profits in midcaps and smallcaps .” Shah says: “markets have moved to a risk-off mode and pharma could lead the market move from here in terms of strengths and sectors doing well. We have been a big bull on the entire IT pack for a while now. We maintain that stance. So, these two spaces look great. Auto is considered high beta but it has the potential to be a big structural story for the next 6 to 12 months. Every small dip is a buying opportunity there.” 20,000 may be psychological or it may be technical, but so far, it has acted as a swift or a stiff resistance for the market. Do you think we have a top in place at least in the short term and that could be 20,000? Yes, I think we had a top in place because all kinds of ingredients were coming in together to suggest that the market did top out at that level of 20,200.

₹51 to ₹54 per equity share for the proposed initial public offer. "Exciting news! Mint is now on WhatsApp Channels

Stock market today: JSW Infrastructure share price today listed on BSE and BSE at strong premium. JSW Infrastructure shares opened on BSE at ₹141.75 per share levels whereas on NSE, JSW Infrastructure shares listed at ₹143 apiece levels.

Also Read: Stocks to buy this week: L&T, Exide, Aurobindo Pharma, BHEL among 12 technical picks; do you own any? Hindustan Aeronautics has a monopoly-like position in India’s defence aerospace sector. Along with this, the government’s push to procure indigenously designed & developed defence aircraft, the company is likely to be in a sweet spot to benefit from a long-term demand opportunity.

fundamentally strong small-cap stocks that could thrive in 2024. Dhanuka Agritech is one of India’s leading agri-input (pesticides and chemicals) companies. The company’s portfolio spans a wide range of crop protection products such as herbicides (accounting for 39% of the total revenues in 2023), insecticides (29%), fungicides (20%), and plant growth regulators (12%).

₹215 on Tuesday (October 3). Both on the NSE and on the BSE, Manoj Vaibhav Gems share price was listed at ₹215. Manoj Vaibhav Gems IPO opened for subscription on September 22 and closed on September 26.

Ashok Leyland Ltd. rose 0.81 per cent to Rs 178.4 in Tuesday's trade as of 10:25AM (IST) even as the benchmark Nifty ruled at 19510.35, down 127.95 points. The scrip had closed at Rs 176.95 in the previous session.

“We expect sectors such as 1)IT, 2)Healthcare, 3)Manufacturing, and 4)Consumer Discretionary to drive the next leg of the rally, given their attractive valuations and strong fundamentals,” says Aditya Sood, Fund Manager- InCred Asset Management. In an interview with ETMarkets, Sood said: “We expect a mixed bag of earnings for the rest of the financial year; with the automobile and financials expected to perform resiliently, the earnings of cement and consumer companies are expected to be under pressure” Edited excerpts: What a week for Indian markets – 20,000 and then some profit taking in the week gone by. How are you looking at markets? At the current levels, we believe the markets are fairly valued and foresee limited scope for multiple expansions in the short term.

NeoGrowth is scouting for a potential buyer to either get acquired or sell a significant stake to a strategic investor, said two people in the know. The company is also open to a major funding round, as it got back to black in the last fiscal after two years of losses, induced by Covid-19.

For the last couple of years, women have been making significant strides in the financial advice industry.