Booking Financial News

₹165.00 per share on NSE, a robust premium of 66.66% to the issue price of ₹99 per share. On BSE, Vishnu Prakash R Punglia shares were listed with 65% premium at ₹163.30 apiece. However, soon after the listing, Vishnu Prakash share price declined over 10%.

Rishabh Instruments IPO: After strong response given by investors to the initial public offering (IPO) of Rishabh Instruments Limited, investors and market observers are eagerly waiting for announcement of Rishabh Instruments IPO allotment date, which is most likely on 6th September 2023. those who have applied for the book build issue, they are advised to check Rishabh Instruments IPO allotment status online by logging in at BSE website or at the website of IPO registrar — KFin Technologies Limited. Meanwhile, ahead of share allotment, grey market is signaling positive sentiments in regard to the public issue.

National Australia Bank says it can hold the line against Commonwealth Bank, the country’s largest lender, which is aggressively pushing for share in the lucrative business finance market.

₹17.58 crore in advance bookings on the first day with 6.5 lac tickets all over India. Meanwhile, SRK and Gauri Khan's daughter Suhana will make her debut this year with filmmaker Zoya Akhtar film 'The Archies' which is slated to release on 7 December.

Los Angeles Dodgers pitcher Julio Urias was arrested on suspicion of felony domestic violence. He was booked and later released on a personal bond of $50,000. He pitched last time against the Braves on Friday. He will appear in court on September 27, in the last week of the MLB regular season.

Adani Logistics, Sajjan Jindal-owned JSW Jaigarh Port, TVS Group, and Welspun Group have shown interest in bidding for Renaissance Indus Infra, a warehouse and industrial park developer undergoing insolvency process, said people aware of the development. Two special-purpose vehicles floated by promoter Mayur Suchak's Renaissance Group are undergoing insolvency. These are Renaissance Indus Infra which is involved in warehousing and industrial development in or around Bhiwandi, Mumbai and Renaissance Urban Infra which is engaged in the business of infrastructure developments and creation of industrial smart cities. IIFL Facilities Services; Authum Investment and Infrastructure, which recently acquired assets of Reliance Home Finance and Reliance Commercial Finance; and JC Flowers Asset Reconstruction Company, which acquired Yes Bank's ₹48,000 crore distressed assets portfolio, also submitted expressions of interest (EoI), said one of the persons cited above. Clearwater Capital Partners Singapore Fund and Catalyst Trusteeship are the only two creditors for the Renaissance Group's SPVs admitted for corporate insolvency. Ares SSG Capital is the sole bondholder for which Catalyst is the debenture trustee. The lenders are working on group resolution although both cases were admitted separately by the National Company Law Tribunal.

₹2-3 trillion from its balance sheet in 2018 for pre-election expenditure ahead of Lok Sabha polls in the following year, former RBI deputy governor Viral Acharya said in a new prelude to his book, Quest for Restoring Financial Stability in India published by Penguin Random House India. This revelation comes amid calls for increased government spending before the general and assembly elections due in 2024, despite marginal growth in the Centre’s tax collections in the first five months of FY24. Acharya has for the first time publicly disclosed in his prelude the series of events that led to the differences between RBI and the government that he had first hinted while delivering his speech at the A.D.

Honda Cars India, the local unit of the Japanese automaker, on Monday launched its mid-sized sport utility vehicle (SUV) Elevate, marking its return to the popular SUV sub-segment in the country. The starting ex-showroom price for this model is ₹11 lakh, and the top-end variant is priced at ₹16 lakh.

Mint spoke to four soon-to-be brides who disagreed with this notion. They also had some out-of-box ideas to curb expenses. No-frills registered marriage Delhi-based Apoorva Shalom, 31, has decided on a court-registered marriage followed by a small ceremony at a temple.

Alliance Inc announced Friday that its chief executive, Rosalind Brewer, had resigned the day before. Brewer was the only African-American female CEO to run an S&P 500 company. With so few African-American women ever having gotten to the top of big US companies—other notables include former Xerox CEO Ursula Burns and Mary Winston as interim chief of Bed Bath & Beyond—Brewer’s departure deserves attention.

Many of my friends in the US, even the ones I consider well educated and reasonable in their views, have turned dejected with the social and political discourse in their country. Some have even remarked to me that they expect a ‘civil war’ in their country sometime soon. I do not believe this is the case; nonetheless, there are two salient contributing factors which I will discuss here: one is technological change, and the other, demographic change.

₹3,742 per tonne, marking the third consecutive quarter of drop in the measure. Sure, an increase in demand may benefit realization.

₹200 to ₹211 per equity share of face value of ₹10 each. EMS IPO lot size is 70 equity shares and in multiples of 70 equity shares thereafter. EMS IPO floor price is 20 times the face value and the cap price is 21.10 times the face value.

Despite extreme weather events battering India and the rest of the world in the last few months, climate ministers of the G20 nations ended their last meeting for the year without resolving major disagreement on climate policies

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G20 Summit, the Northern Railway has imposed restrictions on the movement of parcel vans in Delhi from September 8 to 10. The G20 Leaders Summit will be held from September 9-10 at the newly built international convention and exhibition centre — Bharat Mandapam — at Pragati Maidan here. The restrictions will be imposed at several railway stations, including New Delhi, Old Delhi, Hazrat Nizamuddin, Anand Vihar Terminal, and Sarai Rohilla. According to a press statement issued by the NR, passenger trains, that originate from, travel across or terminate at these stations, will not have any kind of parcel coaches, including the leased ones and all Parcel Cargo Express Trains (PCET) also stand cancelled for these three days. «Parcel godowns and platforms shall remain free of parcel packages/packing.

Air India Express, which is in the process of getting merged with AIX Connect, will unveil its new brand in the next couple of months, and will also be expanding its fleet as well as network. In a virtual-cum-physical town hall meeting with the staff of Air India Express and AIX Connect on Monday, its Managing Director Aloke Singh also mentioned about the vision for the combined entity and emphasised on meaningful market presence and cost-efficiencies. The two airlines are part of the Tata Group. The new brand of Air India Express is expected to be unveiled within the next couple of months, Air India said in a release. According to Singh, the vision encapsulates the key differentiators of making meaningful connections, delivering unique experiences and providing best-in-class value with Indian warmth.

Elon Musk completed the buyout of Twitter, when the billionaire Tesla founder met Parag Agarwal, then CEO of the company, and the India-origin CEO came across as a «really nice guy» but that wasn't enough. Musk also found out that Agarwal lacked an important leadership quality.

Shah Rukh Khan’s upcoming film Jawan has seen a robust momentum in its advance bookings so far. Over 7 lakh tickets of the action-thriller film excluding blocked seats have been sold as of Monday.

ET Intelligence Group: The stock of IDFC First Bank has gained 33% over the past three months compared with the 0.2% increase in the ET Banks index and 4.5% gain in the benchmark S&P BSE Sensex. The stock’s outperformance owes to the bank's stellar performance in the June quarter with a strong growth in the loan book and fee income, and improving asset quality.

Honda Cars India has unveiled its plans to introduce an all-electric variant of the recently launched Elevate mid-size SUV by 2026. The company disclosed the pricing for the Honda Elevate SUV on Monday, with a price range starting from ₹10.99 lakh to ₹15.99 lakh (ex-showroom). Honda is now focused on delivering a pure electric version of the Elevate within the next three years.