Booking Financial News

Stock market today: After a gap of 36 sessions, NSE Nifty climbed to a new peak of 20,008 during Monday deals. However, the 50-stock index took 52-sessions to race from 19,000 to 20,000 peak. While Nifty rallied to 20,000 peak, BSE Sensex too regained 67,000 mark.

IPO), which is opening on September 14, comprises a fresh issue of equity shares up to Rs 392 crore and an offer for sale (OFS) by promoters and a few external investors aggregating up to Rs 174 crore. Post-issue the promoter/promoter entities will hold around 42 per cent of the paid up equity, while selling shareholders will collectively pare their holdings by a tad over 8 per cent. Through the OFS, the founder and chairman Raj P Narayanam will sell just 0.02 per cent from his 44 per cent holding. Another promoter Avinash Ramesh Godkhindi, who is also the managing director of the city-based firm, will sell an equal amount of stake.

Air India on Monday rolled out 'Project Abhinandan' to provide a personalised and hassle free on-ground experience to passengers, said the company in a press release. As part of the project, Air India has deployed specially trained Service Assurance Officers at 16 major Indian airports, who will offer on-ground assistance across airport touchpoints to Air India guests who may require it – at check-in area or lounges, near the boarding gates, during transit, or at the arrival hall. Air India’s Service Assurance Officers will be placed at strategic touchpoints to proactively engage with guests, provide support, or troubleshoot any issues. They are also trained to address unforeseen issues such as missed flights, delayed baggage delivery and misconnections at airports, among others.Rajesh Dogra, Chief Customer Experience & Ground Handling Officer, Air India, said, “Airport experiences can be daunting for many air travellers, despite how frequently one travels.

Gujarat High Court on Monday said it was worried about a situation wherein protectors become perpetrators. The HC was hearing a suo motu PIL on two traffic police constables and a traffic brigade jawan allegedly extorting money from a couple travelling in a cab at night in Ahmedabad city. The division bench of Chief Justice Sunita Agarwal and Justice Aniruddha P Mayee sought a report on whether such incidents have occurred in other cities of Gujarat as well and directed authorities to ensure that helpline numbers are displayed in taxis in such a manner that persons in crisis can reach them easily. «People are safe, no doubt.

A man was arrested for sexually harassing his female co-passenger on Mumbai-Guwahati Indigo flight. He was travelling on budget carrier flight to Guwahati.

Sunil Subramaniam, MD & CEO, Sundaram Mutual, says “the massive rally that we have seen in smallcaps and lesser in midcaps is a function of the fact that from the middle of March, FIIs have been continuously pumping money into the stock market and largecap valuation has risen. Domestic fund managers, whether they be mutual funds or insurance companies or whoever, have been tending to sell the largecaps to the FIIs and reallocating that money into mid and smallcaps and that is one primary reason driving the rally.”One of your scheme’s NAV has hit Rs 900. It must have started from Rs 10 a unit, I am assuming. How many years did it take? What kind of compounding did investors get if they held on to it for that entire period?It has taken a little over 21 years and the compounding was 23.41% per annum. So it has been an incredible success story and those investors who stayed the course have obviously beaten every parameter that you can look at inflation, fixed deposit returns, anything else on such a thing. I think it reflects the growth of India because midcaps are India personified. The Indian story, the journeys of midcaps and domestic economy's growth, is reflected in this fund. And that will continue because as we all know now, the focus for the next half a dozen years, is back on the domestic economy.

UBS Group AG is cutting hundreds of wealth jobs in Asia just months after completing its takeover of rival Credit Suisse as the bank responds to muted client activity and China’s slowing economy. Switzerland’s largest bank reduced some overlapping roles in the past months and further cuts are expected through November, according to people with knowledge of the matter, who asked not to be identified as the plans are private. The lender is set to eliminate a few hundred roles that include relationship managers in Hong Kong and Singapore, the majority within teams newly acquired from Credit Suisse, the people said. The number of cuts hasn’t been finalized, they said.

IPO Subscription Status: EMS IPO was subscribed 12.49 times on day 2 so far. EMS IPO opened for subscription on Friday, September 8, and will close on Tuesday, September 12. EMS IPO received overwhelming response from non-institutional investors (NIIS) and retail investors on day 2.

Jupiter Hospital IPO: Bidding for the initial public offering (IPO) closed on 8th December 2023 and in three days of bidding from 6th to 8th September 2023, the book build issue got subscribed 63.72 times. The QIB portion of the public issue received rave response from investors as the issue got subscribed whopping 187.32 times in QIB segment. Now, after closure of suubscription and strong response by investors, bidders are eagerly waiting for Jupiter Hospital IPO allotment date, which is most likely on 13th September 2023 i.e.

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CA Rudramurthy BV, Founder, Vachana Investments, says “I feel personally that in railways, power, the big move has already happened. I would definitely suggest at least partial profit booking, if not full profit booking and no shorting any of these counters whatsoever. But you have to find good stocks like Power Finance Corporation, REC which were all very good at 120, 130 levels but not so after 150% up move. I will be cautious in these areas and I will book profit.”Right now, are you bullish or cautious?Definitely cautious because we have already seen a very swift move from 19,200 to now levels closer to 20,000. No doubt at index level still, we might be left out with some more steam but I do not want to play the last 5-10% kind of a move on index on the long side. Rather, it is better to be cautious but I do not suggest you any shorting because I do not find any trigger for the market to come down.

Low-cost Qantas subsidiary Jetstar is telling its customers that flight credits incurred during the COVID-19 pandemic have expired, despite having dropped an arbitrary December 31 deadline and in the face of a looming Senate inquiry.

Stock market today: Rishabh Instruments share price opened on Dalal Street in special pre-open session during Monday deals. Rishabh Instruments shares listed on BSE at ₹460 apiece levels and went on to hit intraday high of ₹469.65 per share levels on BSE. Similarly, Rishabh Instruments share price today opened on NSE at ₹460.05 per share levels and went on to hit intraday high of ₹470 apiece levels within few minutes of stock listing on Dalal Street.

Shaw and Partners has added a Macquarie adviser to its ranks as part of a push into the private wealth market.

Shishir Joshipura, MD & CEO, Praj Industries, says “this initiative will create a pathway for us, a very-very constructive dialogue with several countries where it is possible for those countries to emulate what India did and actually benefit from that because biofuels have multifaceted benefits for the society. From the social angle, it creates jobs in rural areas, from the economic angle obviously it creates a lot of wealth in the country and for an energy importing country, it makes immense sense to produce your own energy.”The prime minister in the G20 Summit launched the Global Biofuel Alliance (GBA) and also invited all the other countries to join this particular initiative. How are you reading into this development?This is one of the most important developments that has taken place in recent times, inviting a global forum for biofuel alliance.

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G20 summit gave another reason for multibagger railway stocks to fly off the charts and rally up to 15%. PSU rail stock IRCON International, which has already doubled investors' wealth in the last 6 months, rallied up to 15% on Monday to hit a fresh 52-week high at Rs 154.65.IRFC shares zoomed 10% to hit the upper circuit limit at a fresh high of Rs 84.76.

IPO listing today: Shares of Ratnaveer Precision Engineering Limited listed on BSE and NSE in special pre-open session today delivering over 25 per cent premium to the lucky allottees against its price band of ₹93 to ₹98 per equity share. Ratnaveer shares opened on BSE at ₹128 apiece whereas on NSE it listed on 123.20 per equity share.

Airport, airport sources told news agency PTI on 11 September. Kochi-Bengaluru flight left for Bengaluru late Sunday night and suffered a technical problem soon after take off at 11.15 pm. As per the report, a full emergency was declared at the airport after the flight returned to Kochi due to a suspected hydraulic failure.

NCERT from school textbooks and create a new textbook for students to study and appear for exams. State General Education Minister V Sivankutty said the government took such a stand in accordance with Kerala's exemplary educational background. He said this in response to a query in the state assembly from the UDF opposition with regard to implementation of the National Education Policy 2023. Sivankutty said the policy has not been completely accepted in the country as Tamil Nadu has rejected it in entirety and Karnataka has only agreed to implement some portions of it. Moreover, the National Council of Educational Research and Training has deleted a lot of things — like the assasination of Mahatma Gandhi and the alleged role of RSS in it, portions of the Mughal rule and empire in India, parts of Indian freedom struggle and some communal riots — from textbooks for classes 11 and 12, the minister claimed. «So, we compiled all the deleted portions and created a new textbook.