Booking Financial News
27.09 / 12:31
IPO
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Inspire Films IPO Day 3: Issue subscribed by a robust 129 times on last day; retail portion booked over 180x
Also Read: Manoj Vaibhav IPO allotment today: Latest GMP, here's how to check allotment status Let us check Inspire Films IPO subscription status, GMP today and other key details. Inspire Films IPO has been subscribed by a robust 129.08 times on Wednesday, the third and the last day of the bidding process. The issue received bids for 30.90 crore equity shares as against 23.94 lakh shares on the offer.
27.09 / 12:31
IPO
Booking
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services
Updater Services IPO: Issue subscribed 2.90 times on day 3; retail portion fully booked
₹280 to ₹300 per equity share of face value of ₹10. Updater Services IPO lot size is 50 equity shares and in multiples of 50 equity shares thereafter. "Exciting news! Mint is now on WhatsApp Channels
27.09 / 12:25
UPS
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reports
Sterling & Wilson Renewable board approves proposal to raise Rs 1500 crore
Sterling & Wilson Renewable Energy board on Wednesday approved a proposal to raise Rs 1500 crore either in the form of debt or equity, it said in a notice to the exchange. ET reported on September 6 that Sterling and Wilson Renewable Energy Ltd (SWREL) is considering an equity share sale to repay debt maturing this fiscal year. SWERL has scheduled principal repayment of Rs 1200 crore between September 2023 and March 2024, out of which around Rs 770 crore is likely to be paid during September-October 2023, said a statement issued by ratings company IndiaRatings and Research. Shapoorji Pallonji and Company Pvt Ltd has an 18.5% stake in the power generating company, wherein a Reliance Industries-linked entity has picked up 40% equity in 2022. Its shares closed at Rs 358 at the Bombay Stock Exchange. A few months ago, overseas clients invoked two bank guarantees amounting to Rs 390 crore, alleging improper execution of a project undertaken by its overseas subsidiary Sterling and Wilson International Solar FZCO.
27.09 / 10:21
IPO
Booking
Manufacturing
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band
Valiant Laboratories IPO: Issue subscribed 25% so far on day 1; check GMP, other key details
₹152 crore from the share sale. Valiant Laboratories specialises in manufacturing Paracetamol as an Active Pharmaceutical Ingredient (API) or Bulk Drug. A manufacturing facility owned by Valiant Laboratories is located in Palghar, Maharashtra, India.
27.09 / 10:21
UPS
Citi
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Airlines
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hospital
World Cup 2023, Durga Puja driving surge in hotel, airlines fares in India: Jefferies
RedboxGlobal India on 27 September. Apart from the World Cup 2023, the tenure also coincides with the seasonally strong 3Q for the hospitality industry and the same is likely to benefit both hotels and airlines sectors (including IHCL, and Indigo) in 3Q, said the firm. In the 46 days, 48 matches will take place in 10 different cities in India, where 10 countries are participating.
27.09 / 08:09
UPS
Booking
Merit
testing
The making of America’s Ivy League elite
This article is part of our Summer reads series. Visit the full collection for book lists, guest essays and more seasonal distractions. The ruling by America’s Supreme Court in June that in effect banned universities from using racial preferences in admissions sparked two lively debates.
27.09 / 07:17
Provident
Target
Booking
Metro
show
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recommendations
REC
REC shares jump over 6% on signing MoU with PNB to finance infrastructure projects
REC jumped 6% to Rs 284 in Wednesday's trade on BSE after the firm signed a memorandum of understanding (MoU) with Punjab National Bank (PNB) to jointly fund projects in the power sector and infrastructure & logistics sector. The collaboration aims to co-finance debts totalling Rs 55,000 crore over the next three years under a consortium arrangement. At 11.26 a.m., the scrip was trading 5.6% higher at Rs 282 on BSE. On a year-to-date, it has delivered multibagger returns of 135%, while it has rallied nearly 200% in the past one year. As per Trendlyne data, the average target price of REC is Rs 261, which shows a downside of 8% from the current market prices.
27.09 / 07:09
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Experts
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share price
Signature Global share price gains over 2% after decent listing; Should you buy, sell or hold?
₹445.00 apiece on the BSE, a premium of 15.58% to the issue price of ₹385 per share. On NSE, Signature Global listing price was ₹444 per share, a 15.32% premium. After listing, Signature Global share price traded higher and made a high of ₹453.80 apiece on the BSE, which was nearly 2% higher than the listing price and nearly 18% higher than the issue price.
27.09 / 05:41
Provident
FIVE
Booking
Experts
Exponent
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performer
What to read about managing people
Management Studies in Crisis: Fraud, Deception and Meaningless Research. By Dennis Tourish. Cambridge University Press; 312 pages; $32.99 and £24.99 A good place to start in studying management is to understand how much nonsense and jargon-filled waffle has been written on the subject.
27.09 / 05:29
IPO
Booking
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band
JSW Infra IPO: Issue booked over 2 times on last day so far; check GMP, should you subscribe?
Also Read: JSW Infrastructure IPO: Issue fully booked on day 2; retail portion subscribed over 4 times JSW Infrastructure IPO was subscribed 43% on day 1. JSW Infra IPO price band has been set in the range between ₹113 to ₹119 per equity share of face value of ₹2 each.
27.09 / 05:07
Booking
Action
SENSEX
Experts
recommendations
Chart Check: Breakout from a double bottom pattern makes this Sensex stock from telecom space an attractive buy
Bharti Airtel Ltd, part of the telecom space, has given a breakout from a double bottom pattern in August 2023 and is sustaining above the same which indicates crucial support for the stock. The neckline of the double bottom pattern was placed at Rs 900. The stock closed at Rs 911 on 22 September 2023. As long as the stock holds above this crucial support, a bounce back towards 980-1000 levels is possible, suggest experts. Bharti Airtel, which is also part of the S&P BSE Sensex, hit a high of Rs 877 in November 2022 but it failed to hold on to the momentum.
27.09 / 05:03
UPS
IPO
Booking
Software
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band
Kody Technolab shares list at 6.35% premium at ₹170 per share on NSE SME
₹170 apiece as compared to its issue price of ₹160 per share. The initial public offering (IPO) of Kody Technolab Ltd, a software development services company, has received stellar response from investors during September 15 and September 20.
27.09 / 04:35
UPS
IPO
Booking
Parke
WhatsApp
band
Signature Global makes decent Dalal Street debut; shares list with 15.5% premium at ₹445 apiece on BSE
₹445.00 apiece on the BSE, a premium of 15.58% to the issue price of ₹385 per share. Signature Global listing price on NSE was at a 15.32% premium at ₹444 per share.
27.09 / 01:47
UPS
Citi
Art
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Actor
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Grant
Friend
Who is Alexandra Grant? Know all about Keanu Reeves’ longtime-friend and partner
Keanu Reeves and Alexandra Grant made their red carpet debut as a couple at the LACMA Art + Film Gala in 2019, holding hands and fueling speculation about their romantic relationship. People magazine had reported their dating status months before this public appearance, confirming the budding romance. In a March 2023 interview with People, Reeves continued to discuss Grant, indicating that their relationship remained robust. Here's what you need to know about Reeves' girlfriend.
27.09 / 01:12
COST
Provident
Booking
Shreyas Shipping's book-building for delisting complete
Shreyas Shipping's shares hit the 20% upper circuit on Tuesday, following the successful completion of the book-building process for delisting the company from the stock exchanges. About 4.3 million shares were tendered by the shareholders, surpassing the minimum requirement of 4.07 million shares. Transworld Holdings (THL), the promoter of Shreyas Shipping, offered to acquire shares of the company from the public shareholders in May at an indicative price of ₹338.
26.09 / 23:05
COST
Provident
FIVE
Booking
Strategy
Enterprise
stage
Global fund giant Ares predicts local boom in private equity lending
The head of global fund giant Ares Management’s Australasian unit says he expects direct lending to local companies to double over the next three years as more buy-out funds turn to asset managers for financing.
26.09 / 21:35
Booking
Death
Experts
2020
testing
shock
Shocking revelations from Cassidy Hutchinson's book 'Enough' about the Trump White House
Mark Meadows' Admission: Trump's Role in Herman Cain's Death In June 2020, as the heartland grappled with surging COVID-19 cases, Trump organized an indoor rally in Tulsa, Oklahoma, in a bid to reignite his reelection campaign, which had been derailed by the ongoing crisis. Against the counsel of public-health experts, Trump proceeded with the rally, and on the very day of the event, six campaign staff members tested positive for the virus.
26.09 / 21:35
Provident
Booking
Dreams
Adventure
film
exclusive
classical
Weekend
Shrek's Swamp in Scotland: Airbnb to start long weekend stay with 'Donkey'. Check booking date, key details
Airbnb is intensifying its efforts to provide accommodations in homes inspired by fictional characters. Following their offering of a stay at Barbie's Malibu DreamHouse three months ago, Airbnb's latest venture is offering a long weekend stay at Shrek's Swamp. This unique property is situated in the Scottish Highlands and has been meticulously designed to resemble the animated abode of the green ogre, complete with oversized furniture and whimsical roots extending down from the ceiling. Booking for this extraordinary experience will commence on October 13, 2023 at 12 pm (ET), offering a dream come true for fans of the beloved early 2000s animated classic, Shrek.
26.09 / 20:19
COST
UPS
Booking
Entertainment
stars
stake
Star mops up insto leg of $750m raise; Mathieson’s stake unclear
Star Entertainment Group had no troubles luring in takers for its fire-sale equity raising on Tuesday, but its largest shareholder Bruce Mathieson’s appetite was a mystery to fund managers well into the evening.
26.09 / 18:21
Digital
Cooper
Booking
Platform
social
innovations
inequality
Wealthy have a social responsibility amid rising inequality: Rohini Nilekani
Rohini Nilekani Philanthropies, said here on Tuesday. “You cannot have societies where wealth is only used to benefit the wealthy. Otherwise, why would societies want to create that wealth?” she said, adding that Indian philanthropists must challenge old ideas and innovate.
26.09 / 17:19
UPS
Provident
Digital
Booking
Platform
Strategy
Samsung
Can Bajaj Finserv still dominate the credit game?
Mumbai: Sometime in 2008, a team from financier Bajaj Finserv was at a consumer durables store when a family of four walked in. They wanted to buy a 32-inch television on loan but were told it would take at least three days. The Bajaj team wondered why the loan could not be processed the same day so that the family could take the TV home by evening.
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