Booking Financial News

Fincare Small Finance Bank has received market regulator Securities and Exchange Board of India's approval for its proposed initial public offer. The bank plans to raise up to Rs 625 crore by issue of equity shares of face value Rs 10. Fincare SFB applied for the IPO afresh in May. It initially filed draft papers last year but needed to refile the proposal with a fresh set of numbers as Sebi sought more information. The IPO also includes offer for sale (OFS) by promoters and other investors.

Mainboard vs SME IPOs The mainboard typically demands a minimum of 1,000 subscribers or allottees for an IPO, with application amounts ranging from ₹13,000 to ₹15,000. These offerings undergo rigorous scrutiny as their Draft Red Herring Prospectuses (DRHP) are thoroughly vetted by Sebi. Moreover, companies aiming for the mainboard listing must have a post-issue paid-up capital exceeding ₹10 crore.

The current GMP of Valiant Laboratories is Rs 0 in the unlisted market. The offer, which is priced at Rs 133-140 apiece, is completely a fresh equity issue of Rs 1.08 crore shares. Investors can bid for a minimum of 105 shares in one lot and in multiples thereof. About 50% of the offer is set aside for qualified institutional buyers, 15% is reserved for non-institutional investors and 35% for retail investors. Net proceeds from the issue will be utilised towards part-financing its capex, funding working capital requirements and other general corporate purposes. Valiant Labs is an active pharmaceutical ingredient (API)/bulk drug manufacturing company, with a focus on producing Paracetamol.

The European Union’s executive arm is blocking leading U.S. online travel agency Booking from acquiring Sweden’s flight booking provider Etraveli Group

The saga of how cult sci-fi novel “Dune” slowly permeated the mainstream over decades is a tale with almost as many twists and turns as “Dune” itself, and author Ryan Britt recounts it in the lively and entertaining “The Spice Must Flow," writes AP's M...

A few weeks ago, in light of Powell’s Jackson Hole speech, I noted that the Fed was focusing its monetary policy on preventing the bond vigilantes from taking control of the rates market, thus spoiling the soft-landing party many (the Fed included) have been betting on.

₹55,000 crore over next three years, said a statement from REC. The Maharatna NBFC, REC, has diversified its portfolio towards infrastructure and logistics in FY23.

online edition on 25th – 26th October with leading international authors such as Salman Rushdie and Elif Shafak. The Festival will take place on ground from 27th – 29th October at the NCPA, Nariman Point and St Pauls Institute of Communication Education and Title Waves bookstore in Bandra. The Festival will maintain its hallmarks of inclusivity, diversity and innovation encompassing nationalities, genders, geographies, communities and languages. Celebrated thought leaders, wordsmiths and storytellers from India and 15 other countries, will explore issues at the heart of fiction, poetry, mathematics, economics, communications, business, sport, health, history, art, society, nature, food, with fresh and unique perspectives that characterize the Litfest. Participants will include Abanti Sankaranarayanan, Anuja Chauhan, Arjun Raj Gaind, Gulzar, Gurcharan Das, Faye D’Souza, Jerry Pinto, Kunal Vijayakar, Luke Coutinho, Mani Shankar Aiyar, Manoranjan Byapari, Marcus du Sautoy, Meeran Chadha Borwankar, Mehdi Hassan, Michel Bussi, Prahlad Kakar, Peter Frankopan, Rajdeep Sardesai, Ranjit Hoskote, Sam Miller, Shanta Gokhale, Shashi Tharoor, Shobhaa De, Sudha Murty, Tenzin Tsundue, Vivek Shanbhag, Zac O’ Yeah, Zai Whitaker among others. The Festival highlights will never fade: the prestigious Poet Laureate, Lifetime Achievement, and Literary Awards; the packed-hall Great Debate; an introduction to a language other than English (Kannada this year); 14 book launches; gripping indoor and outdoor stage performances; the fully subscribed workshops and the popular Book Swap.

Work’s main issue is no longer the future of inanimate bricks and mortar of offices — significant economically though this is to city centers, commutes and the real-estate industry. Nor is it about the alternative “space” of the much-vaunted metaverse, which Wired Magazine describes as so vague that if you replace it with cyberspace “ninety percent of the time, the meaning won’t substantially change.” Instead, the next chapter of work concerns the gamechanger of ChatGPT, which arrived in November 2022.

(Reuters) — Uber Technologies (NYSE:UBER) is partnering with Los Angeles Yellow (OTC:YELLQ) Cab and its affiliates to increase the supply of taxis on the ride-hailing giant's platform, the company said on Tuesday.

copyright row between the popular photoblog Humans Of New York and its Indian replica Humans Of Bombay seems to have escalated further. Brandon Stanton, the founder of Humans Of New York, recently took a dig at the desi version. Taking to X (formerly Twitter), the writer-photographer made an oblique reference to an “ongoing court case involving my work, but which thankfully doesn't involve me,” referring to the copyright infringement row, and then went on to call out Humans Of Bombay for commercialising the art of storytelling. “For the last thirteen years I haven't received a penny for a single story told on Humans of New York, despite many millions offered. All my income has come from books of my work, speeches I have given, and Patreon,” he tweeted. He then pointed out that when art becomes solely for profit, it becomes a product. “Beautiful art can make money, there is nothing wrong with that. But when art begins with a profit motive, it ceases to become art. And becomes a product,” he wrote. Many X users came out in support of the author and also heavily censured Humans Of Bombay CEO Karishma Mehta. “The difference between @humansofny & @HumansOfBombay is comically dystopian. Brandon could have easily been a billionaire by now. He only «monetizes» his HoNY fame to raise funds for others. Karishma is aggressively & arrogantly entitled about wanting to make a lot of money,” wrote an X user. Meanwhile, the X handle of the Mumbai-based photoblog has reached out to Stanton. In a post, it claimed that the suit was related to IP (Intellectual Property) and not storytelling.

₹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

₹90,567 in Delhi. This motorcycle can be found at all Honda Red Wing dealerships nationwide for a limited time, and bookings are already underway. The model gets a sporty aura through its distinctive and sharp design.

Pieter Elbers, CEO, IndiGo, tells ET Now about the airline's plans going forward. Edited excerpts:ET Now: Give us an idea of the airline's expansion strategy...Pieter Elbers: Over the past five-six weeks we have added new flights from Mumbai, we have started operations from Mumbai to Nairobi. We have started Mumbai to Jakarta and as recently as this weekend we have launched flights from Delhi to Tashkent and Almaty. So we have expanded from a little over 20 destinations to 32 now.

Kontor Space IPO: The initial public offering (IPO) of Kontor Space Limited opened will hit primary market on 27th September 2023 i.e. tomorrow. The public issue is offered at a fixed price of ₹93 per share.

Vaibhav Jewellers The initial public offer of Vaibhav Jewellers, which opened on Friday, was fully subscribed on the last day of the bidding process. The overall subscription stood at 1.3 times on Day 3. The NII portion was subscribed the most at 2.3x, followed by the retail category at 1.21x.

Multibagger IPO: Money is not in buying and selling of stocks but in holding them as long as one can. However, on some occassions, one's money rise many folds in very short time span. This can happen in stocks as well as IPOs because investing in stocks or IPOs is like investing in business.

₹113 to ₹119. Bids can be made for a minimum of 126 equity shares and in multiples of 126 equity shares thereafter.

Also Read: Manoj Vaibhav Gems IPO: Bidding ends today. GMP, subscription status, apply or not? Manoj Vaibhav Gems IPO GMP today, or grey market premium today, is ₹12 per share, as per market observers. This indicates that Manoj Vaibhav Gems shares are trading higher by ₹12 than their issue price, in the grey market.

FOX Business' Madison Alworth reports from Simi Valley, California, where the 2024 Republican candidates will take the debate stage Wednesday night.

IPO) of Valiant Laboratories will open for subscription on September 27. The issue closes on October 3.