Booking Financial News

Muhammd Iqbal dedicated his first philosophical Persian poetry book, 'Asraar-e-Khudi', to his professor of Persian at Cambridge, Reynold A Nicholson. The legendary Englishman and an authority on Persian mysticism, especially on Jalaluddin Rumi, quickly glanced through his favourite student's book. It was excellent but not up to his exacting standards. 'Are you happy with it,' Nicholson asked Iqbal.

R K Arora, chairman and promoter of Supertech Group, in a money laundering case. Special Judge Devender Kumar Jangala, who was scheduled to take up the matter for consideration on Friday, adjourned the matter saying the documents were lengthy and he needed time to go through all the files before passing any decision. The Enforcement Directorate (ED) on August 24 filed the charge sheet against Arora, Supertech Group, and eight others in the money laundering case.

The team atop Amazon.com has been pushing for years to find what they call a “fourth pillar," an internal shorthand for the company’s next big hit. It is proving an elusive goal. The tech giant has invested billions of dollars into an array of endeavors across several industries—and stoked Wall Street’s interest along the way.

Engineering group RCR Tomlinson had two sets of books showing different pictures of the company’s finances before it collapsed, lawyers Quinn Emanuel said after settling a long-running class action lawsuit for $40 million.

SUV, requiring a token payment of ₹25,000. The pricing for the new Citroen C3 Aircross has been revealed, with the starting price set at ₹9.99 lakh (ex-showroom, India). Deliveries for this model are scheduled to commence on October 15, 2023.

IPO listing date is fixed on Thursday, September 21. If you have applied for the IPO, you can check your allotment status immediately on the website of the IPO registrar, Maashitla Securities Private Ltd. Meson Valves IPO allotment link - https://maashitla.com/allotment-status/public-issues Please click the following link to access the Maashitla Securities Private Ltd website, which is Meson Valves IPO's registrar.

Real Estate Regulatory Authority (MahaRERA) is planning to soon introduce rules to monitor quality of housing projects with a view to safeguard interests of homebuyers. The new mechanism is expected to help resolve disputes between developers and homebuyers arising due to quality issues. «In Maharashtra, 1.6 crore citizens are waiting for homes and about 14 lakh homes are under construction. Hence the government recognises the importance of the real estate sector and good housing.

Huma Qureshi has assumed the role of a writer with her debut novel, 'Zeba: An Accidental Superhero', publisher HarperCollins India announced on Friday. The superhero saga will see Zeba, 'a rebellious brat', live up to the superpowers she has accidentally achieved and reaffirm the belief that «superheroes come wearing different capes. The book is a tale of „heroism, transformation, and the triumph of the human spirit in the face of adversity“. Talking about her debut novel, Qureshi said that the idea of unconventional heroes and „the complex, messy lives they lead“ has always fascinated her. »My debut novel explores the transformation of a willful, rebellious girl into a superhero, a journey that's both empowering and full of unexpected twists.

Also Read: Jiwanram IPO allotment finalised today: Latest GMP, here's how to check allotment status Holmarc Opto-Mechatronics IPO price is ₹40 per share and it is entirely a fresh issue of 28.50 lakh equity shares. Holmarc Opto-Mechatronics Ltd plans to raise ₹11.40 crore from the public offer. Holmarc IPO lot size is 3,000 shares and the minimum investment amount required by retail investors is ₹120,000.

₹27.52 crore. Kody Technolab IPO price band has been fixed at ₹160 per share. The IPO lot size is ₹800 shares and the minimum investment amount required for retail investors is ₹128,000.

Friday has long been a little bit different. It was the day the boss might invite the team to leave work a little early, or the suit-and-tie dress code might give way to slacks and sweaters.

Sensex was up 234.87 points to 67,753.87 So, how can mutual fund (MF) investors make the most of such situations when equity markets are at an all-time high? The celebrations at Dalal Street have brought cheers to the stock market investors, experts suggest that MF investors should not get carried away to book profits. They should religiously continue with their SIPs, like in the bearish phase of the market.

Ashwani Kumar, MD & CEO, UCO Bank, says “our target is to grow operating profit by 15% during this financial year and on a year-on-year basis and profit after tax is a play of provisions and going forward looking at the PCR, we are having around 94-95% PCR and our net NPA is already 1.19% and the provisioning requirements on a quarter-on-quarter basis, on year-on-year basis will come down. Our gross NPA is also coming down. It has come down to 4.48% this quarter and we will continue to see the declining trend in the remaining quarters as well and with all this in place, the ROA will improve in the coming quarters.”There is a section of the market which believes that the last few quarters of credit growth have been very strong. From here on, on the one hand, yes, there is festive season where credit generally perks up but the trend would be smoothening out. Is that a trend you see developing or do you see good growth on the credit side for next four to six quarters from current levels as well?First of all, I will give you a brief data point.

RR KabelThe issue of RR Kabel has gained momentum on the final day of the bidding process with the overall subscription at 3.26 times. All the categories are fully subscribed, led by institutional investors (5.45x).

The dream run of mid-cap and small-cap funds and indices in the last six months has caught the attention of investors and critics alike. While investors are enjoying the extraordinary run, critics have been cautioning about the steep rise in valuations. Some have even likened the meteoric rise of mid and small-cap segments to an irrational exuberance. However, both sides have worthy points to justify their stand at this phenomenal turn of events over the last six months, writes Gopal Kavalireddi, Vice President – Research at FYERS, in a report. The following are the edited excerpts from the report:

BSE Sensex and Nifty 50 hit their respective all-time highs today. At the time of writing, Nifty 50 was at 20134.9 while Sensex was up 272.45 points to 67,739.44. (Check the latest data here).

IPO subscription status: Samhi Hotels IPO has been subscribed 10% on day 2 so far. Samhi Hotels IPO has opened for subscription on Thursday, September 14, and will close on Monday, September 18. Samhi IPO's retail investors portion was subscribed 50%, NII portion was subscribed 4%, and Qualified Institutional Buyers (QIB) did not receive any subscription.

₹1,200 crore by FY27-28. The confidence stems from the belief that the IT sector which is poised to grow strongly has its focus on reskilling as a critical priority and NIIT is well-positioned to absorb the benefits and expand its business into emerging sectors through organic as well as inorganic growth. The company has cash reserves of ₹700 crore, which it has earmarked for potential mergers and acquisitions.

IPO subscription status: Zaggle Prepaid IPO has been subscribed 31% on day 2, so far. Zaggle Prepaid IPO has opened for subscription on Thursday, September 14, and will close on Monday, September 18. Zaggle IPO's retail investors portion was subscribed 1.40 times, NII portion was subscribed 19%, and Qualified Institutional Buyers (QIB) did not receive any subscription.

Taylor Swift, known for her chart-topping music, is gearing up to conquer the Hollywood box office with her upcoming film 'Taylor Swift: The Eras Tour,' set to premiere on October 13. In an impressive turn of events, Taylor Swift has already broken the advance booking record previously held by the Marvel superhero blockbuster 'Spider-Man No Way Home.' Within just 24 hours, her highly anticipated concert film amassed an astounding $26 million in ticket sales for AMC Theaters. The latest reports from Deadline reveal that 'Taylor Swift: The Eras Tour' has now raked in over $65 million in ticket sales across various theater chains in the United States. Box office experts are now speculating that Swift might achieve an extraordinary $100 million opening, a feat achieved by only a select few films.

After the revision, Axis Bank offers interest rates between 3% and 7.10% on tenures ranging from 7 days to 10 years. Also read: Should FD investors wait or book their FDs now as RBI holds repo rate? The bank has reduced 50 bps on tenure ranging from 7 days to 29 days from 3.50% to 3%.While, it has increased by 25 bps on tenure of 46 days to 60 days from 4% to 4.25% The bank has reduced 10 bps on tenure ranging between 1 year 5 days to 15 months from 6.80 to 6.70. ON tenure of 1 year to 1 year 4 days, the bank reduced by 5 bps from 6.75% to 6.70%. Also read: Fixed deposit interest rates start seeing a dip in banks; how to select FD tenure now for maximum returns