Booking Financial News

The two-month selloff in US stocks threatens to intensify as options dealers on Wall Street and fast-money traders both turn against the market. 

A Series B funding round has raised $31 million for Farther, as backers including Lightspeed Venture Partners joined existing investors to more than double its valuation to $131 million.

America’s Cultural Revolution: How the Radical Left Conquered Everything. By Christopher Rufo. Broadside Books; 352 pages; $32. To be published in Britain in September; £25 The American left’s political philosophy may lack a plain name—what some call wokeness, others call identity politics, critical race theory (CRT) or anti-racism—but it does have a chief sceptic.

₹66.90 lakh (ex-showroom). This launch makes the BMW X1 the initial model in the Indian luxury car market to provide choices of petrol, diesel, and electric powertrains. The renowned German automaker has confirmed that the iX1 will be sold in India as a completely built unit (CBU) and can be booked via their official website.

Car sales in India are estimated to scale new highs in September taking the monthly, quarterly and first half (fiscal year) volumes to a record high. Fueled by an encouraging consumer demand in the ongoing festive season and spate of new model launches in the SUV segment that has helped sustain buyer interest, car makers are likely to dispatch around 365,000-370,000 units in September 2023 implying a growth of 3-4%, according to the industry sources.

₹133 to ₹140 per equity share for the proposed initial public offer. "Exciting news! Mint is now on WhatsApp Channels

Multibagger stock: BCL Industries shares are one of the multibagger stocks that Indian stock market has produced in post-Covid rebound. In recent bull trend on Dalal Street, this multibagger stock hit a new life-time high of ₹588 per share on BSE.

Yatra Online made a disappointing debut on the exchanges on Thursday as its shares got listed at a significant discount. Shares of the online travel company listed on NSE at Rs 127, a discount of 10.2% to the issue price of Rs 142, while on BSE, the stock debuted at Rs 130, a discount of 8.4%. However, at 11.57 a.m., the stock was trading 5.3% higher at Rs 136.9 on BSE. «As expected, the Yatra Online IPO saw a tepid listing today and is trading close to the issuance price of Rs 142 per share. However, we believe that the strong growth in the tourism industry will help the share of the online travel market (OTA) to increase at a faster pace than captive players,» Prathamesh Masdekar, Research Analyst at StoxBox, said. «With a technology-driven business which would see benefits of operating leverage coming into play with a larger volume of business, we expect an improvement in the company's profitability going forward.

«We would like to sustain this growth in asset under management and we intend to touch the figure of Rs 5 lakh crore in the current financial year,» says Vivek Kumar Dewangan, CMD, REC. Now, firstly, you have signed many project-level MOUs as we understand and now this Rs 5,000 crore co-finance plan with PNB as well. What is the realistic visibility of disbursements that you foresee for both FY24 and FY25? Yes, in fact, when we had organised this Green Finance Summit on the sideline of G20 event at Goa, we got a huge response from the renewable energy developers, technology providers and the manufacturers and we were able to sign MOUs worth 2,86,000 crore. And Government of India has also allowed us to diversify into infrastructure and logistics, that is another area where we are focussing and government has allowed us that 33% of our loan book could be from infrastructure and logistics. So, we are joining, we are having collaboration with a number of financial institutions like PNB also and SBI and others.

CE Infosystems, which operates MapMyIndia jumped 11% to hit their 52-week high of Rs 2,109 on the NSE in Thursday's trade remaining unbeaten in six out of last seven trading sessions. The ongoing rally has taken stock's gains to more than 24% over this period.

Cholamandalam Investment & Finance Company Ltd. rose 1.8 per cent to Rs 1220.0 in Thursday's trade as of 10:05AM (IST) even as the benchmark Nifty ruled at 19691.55, down 24.9 points. The scrip had closed at Rs 1198.35 in the previous session.

Yatra Online listed at a discount of 10.2% to the issue price of Rs 142 on NSE at Rs 127.5 in Thursday's trade. Meanwhile, on BSE, the stock debuted at Rs 130, a discount of 8.4% Backed by retail and QIB investors, the initial public offering of Yatra Online was subscribed 1.61 times on the last day of bidding.

Ram Mandir in Ayodhya, the birthplace of Lord Rama, is nearing completion, bringing immense joy to Hindus worldwide. This much-anticipated religious edifice carries deep significance for millions and has been in the making for centuries.

Sensex rose 173 points to settle at 66,118, while the broader Nifty gained 51 points to end at 19,716. Stocks that were in focus included names like REC, which rose 6.06%, Suzlon Energy, which dropped 1.54%, and Hudco, whose shares jumped 2.63% on Wednesday. Here's what Amol Athawale, VP technical research analyst at Kotak Securities, recommends investors should do with these stocks when the market resumes trading today. REC — Neutral In this quarter so far, the stock rallied over 70%. After the 170 breakout the stock consistently held higher high and higher low series formation, which is largely positive. Last Wednesday, the stock rallied over 6% and hit a fresh all time high of 285.95.

This is part of a series of interviews with the winners of The Economic Times Startup Awards 2023. When computer science undergrads Anirudh Sharma and Rahul Rawat attended a conference organised by the Indian Space Research Organisation a few years ago, little did the two Lovely Professional University students know that winning the best student research award for their paper on ‘smoke detection in space’ would give them the boost they needed to start their venture in spacetech.

Netflix has released the first trailer for "Tomb Raider: The Legend of Lara Croft," a new anime series featuring the voice of Hayley Atwell (known for her role in «Agent Carter»). This project was initially announced by Netflix in early 2021 as part of their collaboration with Legendary to expand the Skull Island and Tomb Raider universes with two anime series. The Tomb Raider anime series will follow the Square Enix video game and continue the story after the reboot trilogy, focusing on Lara Croft as she explores new territories. Netflix revealed the show's premiere date in 2024 during their inaugural DROP 01 event, an online showcase of their upcoming animated content. «Tomb Raider» has grown into a global franchise, spanning movies, merchandise and comic books. This Netflix-Legendary project marks Lara Croft's debut in an animated series. In 2001, Angelina Jolie portrayed the iconic heroine in «Lara Croft: Tomb Raider» and its 2003 sequel, «Lara Croft: Tomb Raider – The Cradle of Life.» In 2018, Alicia Vikander took on the role in a new film adaptation and will reprise it in the upcoming sequel, written and directed by Misha Green from "Lovecraft Country." The anime series will be scripted by Tasha Huo, known for her work on «The Witcher: Blood Origin» and «Red Sonja.» Executive producers include Dmitri M. Johnson, the founder and CEO of dj2 Entertainment, recognized for «Sonic the Hedgehog,» along with Stephan Bugaj and Howard Bliss. Jacob Robinson, under his company Tractor Pants, will also serve as an executive producer for the series.

Genesis Minerals has established its place as the top dog in Western Australia’s gold consolidation, but a recent uptick in its short interest has investors wondering if it’s got another big M&A play afoot or if it’s just nursing a hangover from the recent index inclusion.

The competition watchdog’s former chief Rod Sims says it is “outrageous” that Qantas and Virgin Australia have substantial shareholdings in the company that ultimately polices which airlines take off and land at Sydney Airport.

₹65 lakh on Apollo Tyres for violating norms pertaining to buyback of shares back in 2003 and directed the market regulator to refund the deposited penalty amount within four weeks. The appeal was filed against the Sebi's order passed in November, 2018 imposing a penalty of ₹65 lakh on Apollo Tyres for violation of buyback norms.

₹47.03 crore from the share sale that will close on October 3. Canarys Automations is an IT solutions provider in the digitalization, modernization, Automation, and intelligence space. The company has two business verticals: Technology solutions and Water Resource Management Solution.

Also Read: Canarys Automations IPO: Price band, GMP, subscription status, other key details of SME issue Here are key details, subscription status and GMP of Arabian Petroleum IPO: Arabian Petroleum IPO has been subscribed 19.90 times on Wednesday, the third and the last day of the bidding process. The IPO received bids for 5.45 crore equity shares as against 27.44 lakh shares offered so far. The IPO has been subscribed 23.16 times in the retail category and 15.72 times in the Non-Institutional Investors’ (NII) category so far.