Booking Financial News

₹135-142 apiece, which is at a sharp discount to the price at which the company had issued shares to one of its promoters last year. Yatra Online had sold shares worth ₹62.01 crore by way of a rights issue to THCL Travel Holding Cyprus Ltd., a promoter, as a pre-IPO placement on 10 December 2022 at an issue price of ₹236 apiece, the company said in a statement. Nasdaq-listed Yatra Online, Inc., founded by Dhruv Shringi, is the parent company of Yatra Online Ltd.

₹60 to ₹65 per equity share of face value of ₹10 each. Chavda Infra IPO lot size is 2,000 equity shares and in multiples of 2,000 equity shares thereafter. Chavda Infra IPO, which is worth ₹43.26 crore, is completely a fresh issue of 6,656,000 equity share; there is no offer for sale (OFS) component.

BEIJING — Walter Isaacson's new biography of Elon Musk hit the Chinese market Tuesday, several hours ahead of the U.S. release due to a time difference that puts Beijing 12 hours ahead of New York.

Havells India Ltd, Polycab India Ltd, KEI Industries Ltd, Finolex Cables Ltd, V-Guard Industries Ltd, Crompton Greaves Consumer Electricals Ltd, Bajaj Electricals Ltd. On an FY23 basis, Havells India Ltd, Polycab India Ltd, KEI Industries Ltd, Finolex Cables Ltd, V-Guard Industries Ltd, Crompton Greaves Consumer Electricals Ltd, Bajaj Electricals Ltd are available at a PE of 79.49, 62.57, 49.72, 34.52, 72.37, 41.81 , and 62.50, respectively. "We are the fastest growing consumer electrical company among our peers in India, growing at a compound annual growth rate (CAGR) of 43.4% between Fiscal 2021 and Fiscal 2023," said the company in its RHP.

Think of movies about the financial system and your mind is almost sure to go to Gordon Gekko and “Wall Street” or Leonardo DiCaprio’s gyrating Jordan Belfort in “The Wolf of Wall Street.”

Investing.com -- U.S. stock futures decline after a spike in Tesla's (NASDAQ:TSLA) shares bolsters equities on Monday, as traders look ahead to the release of major economic data later in the week. Elsewhere, British chip designer Arm will reportedly stop taking orders for its much-anticipated initial public offering a day early due to solid investor demand, while Disney and Charter Communications reach a distribution deal to end a TV blackout that threatened to leave millions of households unable to tune in to the first «Monday Night Football» game of the season.

The category reserved for NIIs was subscribed the most at 54.69 times, followed by retail investors at 23.57 times. The QIB category was fully subscribed on the third day, after lagging for the first two days. According to market analysts, the company's shares are trading at a premium of Rs 120 in the unlisted market. The company has fixed a price band of Rs 200-211.

FIR was lodged by the Manipur Police allegedly on the basis of the contents of his book published in January 2022. The top court also protected a professor against possible coercive action in connection with another FIR lodged on the basis of his alleged speech made in public. A bench comprising Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra took note of the submissions that no lawyers were willing to take up their cases and appear in the Manipur High Court. «Issue notice.

Bill Cummings, can offer valuable insights. In a recent interview reported by the New York Post, Cummings shared some of the enduring habits he believes are essential for success, as well as the qualities he looks for in job applicants. Cummings, renowned for his 2020 book titled «Starting Small and Making It Big: Hands-on Lessons in Entrepreneurship and Philanthropy,» offers thoughtful reflections on the lessons he's gathered through his experiences in business, entrepreneurship, and philanthropy. One of his fundamental pieces of advice to young individuals is the significance of saving money. He stresses the importance of working diligently and saving, cautioning against unnecessary spending.

Tata Power Company Ltd. fell 2.53 per cent to Rs 264.9 in Tuesday's trade as of 01:39PM (IST) even as the benchmark Nifty ruled at 19995.5, down 0.85 points. The scrip had closed at Rs 271.8 in the previous session.

«So largely, overall earning trajectory for the next two-three years is going to be 16.5% so I think that is the kind of a broader return to what one can expect in Nifty on a on-going basis,» says Pankaj Pandey, Head Research, ICICIdirect.com.What are you telling your clients about Nifty hitting 20,000? What is next? On the Nifty what we have been saying is that overall our target is at 21500 which is 19 times FY25 earnings and possibly in some months, we will be incorporating FY26 numbers. So largely, overall earning trajectory for the next two-three years is going to be 16.5% so I think that is the kind of a broader return to what one can expect in Nifty on a on-going basis.

Aditya Agarwala, Co-Founder & Director, Invest4edu, says “correction in the broader markets is around the corner because clearly if you take a look at high time frame charts, if you plot the indicators on a high time frame chart – I am talking about RSI here – you clearly get extreme overbought levels on the monthly and the weekly chart time frame. This is not something which comes across so often and so frequently.”What do you make of the sudden sharp downtick that we are seeing in the midcaps and smallcaps? Is it a one-day move? Is it like a knee-jerk reaction or it is a reversal of trend now and midcaps and small caps are headed lower?To be honest, this is something that I have been talking about for some time, correction in the broader markets is around the corner because clearly if you take a look at high time frame charts, if you plot the indicators on a high time frame chart – I am talking about RSI here – you clearly get extreme overbought levels on the monthly and the weekly chart time frame. This is not something which comes across so often and so frequently.

IPO Subscription Status: EMS IPO was subscribed 23.02 times on day 3 so far. EMS IPO opened for subscription on Friday, September 8, and will close today (Tuesday, September 12). EMS IPO received positive response from non-institutional investors (NIIS) and retail investors on day 3.

midcap stocks on Tuesday. Nifty's small and midcap indices lost up to 2-3% each with Indiabulls Real Estate, Infibeam and RITES leading the downside by dropping around 8% each. High-flying PSU stocks from railways and defence were among the top losers in today's sell-off. Shares of Cochin Shipyard, GRSE and Mazagon Dock lost between 6-7% each while rail stocks RVNL, Jupiter Wagons and Titagarh Wagons dropped between 4-6% each. The selloff in small and midcap stocks is in contrast to lacklustre trade in Nifty and Nifty Bank.

Nandini Das from the UK and Kris Manjapra from the US, have earned coveted spots on the shortlist for the 2023 British Academy Book Prize for Global Cultural Understanding. This prestigious international non-fiction award, valued at GBP 25,000, recognizes outstanding contributions to the public's understanding of world cultures and their interconnectedness. Nandini Das, originally from India and now a Professor of Early Modern Literature and Culture at the University of Oxford, is a finalist for her debut work, 'Courting India: England, Mughal India and the Origins of Empire.' Judges have commended her book as «ground-breaking» for its intricate blend of biography and historical narrative, offering fresh perspectives on the early 1600s diplomatic mission from England to India. Through her work, Das sheds light on the mutual understanding and misunderstandings between the Mughals and the English, providing valuable insights into global connections and shifting power dynamics during this pivotal period in world history. Kris Manjapra, of mixed African and Indian parentage, is a finalist for 'Black Ghost of Empire: The Long Death of Slavery and the Failure of Emancipation.' Manjapra, a Stearns Trustee Professor of History and Global Studies at Northeastern University in Boston, Massachusetts, delves into the slow demise of slavery and the disappointments of emancipation in his book. Judges have described it as a «detailed and disturbing account» of the false promise of emancipation that accompanied the formal abolition of slavery in the 19th century.

Several major Japanese companies have decided to stop using stars represented by Johnny & Associates, an entertainment company at the center of a sexual assault scandal

The top loser was Cochin Shipyard whose stock fell by over 14% to the day's low of Rs 1,032.25. It was followed closely by Mazagon Dock Shipbuilders which plunged nearly 13% at Rs 2,005.10 on the NSE. Meanwhile, Garden Reach Shipbuilders, Shipping Corporation of India (SCI) and Great Indian Shipping Company shares fell 6.27%, 5.41% and 0.95%, respectively around 11 am. Both Mazagon Dock and Cochin Shipyard shares have witnessed a strong rally in recent times and have given returns of 13% and 20% over the past 5 trading sessions. Others like Great Indian Shipping Company, SCI and Garden Reach have given 6-3% returns during this time.Shipping stocks followed a wider trend where the PSU stocks fell. Commenting on the recent rally in many of the PSU stocks, Vijay Kedia, Managing Director at Kedia Securities told ETNow that he viewed the recent rally as some kind of euphoria in the PSU stocks. «I do not know what they should do but the general public should understand what happened in 2022, we discussed just now what this platform stocks, I think the same kind of euphoria is happening in PSU stocks.

Supreme Court on Tuesday adjourned for four weeks the hearing on a plea filed by former JNU student Umar Khalid seeking bail in a case lodged under anti-terror law UAPA over his alleged involvement in the conspiracy behind the northeast Delhi riots of February 2020. A bench of Justices Aniruddha Bose and Bela M Trivedi said the matter requires a detailed hearing. «In this matter, we will have to go document-by-document.

Multibagger stock: Railway stocks have been in uptrend in recent sessions. In last five sessions, Indian Railway Finance Corporation or IRFC share price has risen over 20 per cent whereas RVNL share price surged over 17 per cent in this time. RailTel share price went up around 3 per cent in this time.

₹146.24 crore and offer for sale (OFS) portion consists of 82,94,118 shares of ₹10, which aggregates to ₹175 crore sold by promoter selling shareholder Ramveer Singh. EMS IPO total issue size is ₹321.24 crores. EMS IPO has raised about ₹96.37 crore from anchor investors.

Dipan Mehta, Director, Elixir Equities, says “it is time to be a bit cautious and let there be a time-wise correction, price-wise correction and then maybe assess whether it is worth investing in stocks. At these levels, a lot of stocks do not have margin of safety and a new earning season will start in about four weeks' time. And if there are a few negative surprises over there, then we could have an exaggerated correction as well.”Nifty has made a new high at 20,000. Where do we go from here on? Is there any amount of consolidation or profit booking that one should do or do you think this euphoria will continue in the markets?Everybody in the market has been around for a long, long time, who basically relies on fundamentals for his judgment calls, has to say that, The market has run up a bit too fast, too high and some amount of consolidation, correction will happen.