Booking Financial News

Ratnaveer IPO: The initial public offering (IPO) of Ratnaveer Precision Engineering Limited has opened today and it will remain open for bidding till 6th September 2023. The engineering company has fixed Ratnaveer IPO price at ₹93 to ₹98 per equity share and it aims to raise ₹165.03 crore from this public issue. The book build issue is proposed for listing on BSE and NSE.

Arkade Developers is planning to raise up to Rs 430 crore through initial public offering (IPO) and has filed its papers with market regulator the Securities and Exchange Board of India (SEBI). The company is planning to utilize the net proceeds towards development of their ongoing and upcoming projects, funding acquisition of future real estate projects and general corporate purposes. As of July end, the Mumbai-based developer has developed 1.80 million sq ft of residential properties including alliances where it holds majority stake. While the company's initial projects were stand-alone residential buildings, their current portfolio of ongoing projects includes five gated communities. Arkade Developers' revenue in the financial year 2023, 2022 and 2021 stood at over Rs 224 crore, Rs 237 crore, and Rs 113 crore, respectively. Unistone Capital is the sole book running lead manager to the issue.

While nothing has been finalised yet, it is understood that officials of Sri Lanka Cricket are in discussions with the meteorological department to learn more about the specific forecast for the coming days. The request to change venues came from the broadcaster, and the shortlisted alternate venues include Dambulla, Hambantota and an extended stint in Pallekele. It’s worth noting that SLC raised the likelihood of rain interrupting cricket, at this time of the year, in Pallekele, suggesting matches be played in Dambulla, a rain-shadow region, instead. However, several stakeholders did not go along with this. But, the uncertainty in this tournament is not limited to the off field action. For India, the latest potential tricky decision is the No. 5 batting slot. KL Rahul, who was cleared to join the team in Sri Lanka — it’s not yet clear which city he will end up in — was the primary wicketkeeping batsman for that position. But, Ishan Kishan put up his hand in such emphatic fashion in the game against Pakistan, that it is impossible to ignore his claims in entirety. Batting at No. 5 in a One-Day International for the first time and also playing against Pakistan for the first time in this format, Kishan walked out to bat after the top order had been shredded.Shaheen Shah Afridi led the carnage, cleaning up Virat Kohli and Rohit Sharma with inswingers after setting them up beautifully. Kishan, known for his attacking style in Twenty20 cricket, has often played too fast and too loose. While he has all the shots in the book, he sometimes also tries to play them all in one innings.

It could be time for a double celebration at TA Associates’ Hong Kong headquarters. The buyout bigwigs are in final negotiations to acquire Italian-funded accounting and financial advice firm AZ NGA, just two months after being rebuffed by the sellers, sources said on Sunday.

GST) following a recent ruling by the Karnataka Authority for Advance Ruling (AAR). In a case involving Orient Cement, the AAR determined that such incentives provided by companies to dealers should be classified as a “supply" under GST rules and be subject to tax. Tax experts said the judgment contradicts previous court verdicts on similar cases.

Real estate is booming and rentals more so. With companies now driving back the workforce to office post the covid pandemic, renting houses in metros has become a nightmarish experience. This is particularly true in Bengaluru, where landlords even check your Linkedin profile before signing a rental agreement. Tenants also have to deposit a big advance and pay brokerage fees before moving in.

NEW DELHI : Foreign portfolio investment inflows into the Indian markets slowed in August after robust flows from April to July due to worries about impending rate hikes in the US, resulting in higher bond yields and a stronger dollar. Inflows in August were the weakest since February. Fears about rate hikes have also triggered outflows from other emerging markets.

A post shared by Ayush Kejriwal (@designerayushkejriwal) Sharing the details of his mother's travel, Kejriwal said that she was traveling from Delhi to Kolkata on 31 August. He added that they chose an assisted travel plan, as per which she will be assisted throughout her journey to Kolkata. But when the flight reached Kolkata, everybody got off and his mother was told to wait, he alleged, adding, that despite her mother patiently waiting no one came for her.

Ranveer Brar, known for his recent appearance in 'Modern Love Stories: Mumbai,' has launched a new restaurant in Dubai called Kashkan. Located in Dubai's Festival City Mall, the restaurant offers a pan-Indian menu that spans the length and breadth of the country, from Kashmir to Kanyakumari, reflecting its name. Brar's venture into the culinary world with Kashkan came after dedicating two months to perfecting the restaurant's diverse menu.

Shah Rukh Khan's 2023 January release Pathaan was the much needed breather for an otherwise failing Bollywood in the post pandemic recovery phase. Jawan is expected to cinch similar records pr break them probably in terms of box office collections. Trade analyst Taran Adarsh on Sunday took to microblogging site ‘X’ (formerly Twitter) to say that ‘the advance booking status at *non-national chain cinemas* and *single screens* is PHENOMENAL’.

Christopher Nolan's latest film, Oppenheimer, has taken the global box office by storm, raking in nearly $800 million in revenues. Released on the same day as the blockbuster Barbie on July 21, 2023, which has collected around $1.34 billion worldwide, Oppenheimer's success raises some intriguing questions. How did a movie centered around a relatively unknown scientist manage to become a massive hit? Oppenheimer is a dialogue-heavy film with three parallel timelines, two in color and one in black and white, constantly shifting chronologically.

Investing.com — After Friday’s jobs report cemented expectations that the Federal Reserve will keep interest rates on hold later this month, the economic calendar will be lighter in the coming holiday-shortened week. Stocks go into September after notching up strong weekly gains last week, while data out of China will likely add to concerns over the outlook for the world’s number two economy. The Reserve Bank of Australia will likely stand pat for a third straight meeting and supply worries look set to underpin oil prices.

Nifty is located around the 19,200 and 19,600 zones, respectively. On the other hand, the areas of support and resistance for the Bank Nifty are 43,600 and 45,000, respectively, Aamar Deo Singh, Head Advisory, Angel One, tells ETMarkets. It is recommended to stay light until we see a clear trend emerging because the short-term and medium-term charts are not in sync in such situations, which usually results in turbulent trading sessions, he says.

Maruti Suzuki Grand Vitara, Hyundai Creta, Kia Seltos and Tata Nexon 2023. The Japanese automaker is set to launch the Elevate SUV with seven single colour options - Platinum White Pearl, Lunar Silver Metallic, Obsidian Blue Pearl, Radiant Red Metallic, Golden Brown Metallic, Meteoroid Gray Metallic and Phoenix Orange Pearl. The Honda Elevate will come with a 10.25-inch touchscreen infotainment system, compatible with wireless smartphone connectivity.

Nifty Auto index has rallied by 24% YTD. Initially, we had a sceptical view regarding the sector’s outlook due to fading pent- up demand and high vehicle costs. However, lower input costs and price hikes have driven margin expansion leading to stable earnings growth.

Sectorally, buying was seen in metals, utilities, telecom, and public sector while some selling was seen in healthcare stocks. Stocks that were in focus included names like MTAR Technologies, which was up more than 10%, BHEL, which closed with gains of over 12%, and Tata Steel, which rose more than 3% on Friday. We have collated a list of three stocks that either hit a fresh 52-week high, or all-time high or saw a volume or a price breakout. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view:Analyst: Sanket Thakar, CMT, Founder- Alpha Bot CapitalMTAR TechnologiesMTAR Tech has broken its all-time high level and has stayed above the high by giving a weekly closing signifying strength in bulls. Apart from the current week's price action, volume has also been at the highest level in the last 2 years. For traders, the immediate targets are at extension levels of Rs 2,883-3,097.

Indian Space Research Organisation (ISRO) on Sunday said the first earth-bound firing to raise the Aditya-L1 orbit has been completed successfully. The space agency asserted that the satellite is healthy and operating nominally. In a post on X said, ISRO said, «The first Earth-bound maneuvre (EBN#1) is performed successfully from ISTRAC, Bengaluru. The new orbit attained is 245km x 22459 km.

Financial Express. The head of communications at IATA said that an airline needs to be operational for the basic eligibility for an IATA two-letter designator.

Andhra Pradesh late Y S Rajasekhara Reddy introduced and implemented several welfare schemes helping the poor that were the key policies of the party. His (Rajasekhara Reddy) commitment to the farmers and the poor was unparalleled, Singh, said during a book release function organised here on the occasion of Reddy's death anniversary on Saturday. «Today as we pay homage to Rajasekhara Reddy, let us be very clear that the policies that he implemented were the policies of the Congress party, were the policies of Mahatma Gandhi and Jawahar Lal Nehru.

Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP, says “HDFC Bank is cheaper, or is at a similar level to where it was three years ago, for a reason. And that is because the market is still waiting to see how the merger pans out. That will continue to be a wait and watch approach by the market before it gives a thumbs up to the merger. And of course, I have just been looking at some data which is showing credit growth is starting to slow.” Are you also digging out within the PSU pack because that clearly seems to be the flavour of late? No, it is the whole. Let us take the banking sector, it has been a laggard now for some time. So, it is not surprising that you get some kind of a relief rally or rally in the index. But it is not compelling. It does not give me the confidence to say that we are not going to drift down over the next few weeks. There are a lot of events ahead of us. There are a lot of messy global factors which are still playing out, whether it is China, Japan, and the Fed, with their policy coming this month. So, yes I expect a lot more volatility.

₹7.85 crore in advance bookings on the first day. “India Wide, All Theatres, SOLD Tickets - 2,32,900, Gross - ₹7.85 cr," Vijayabalan wrote in a post on X (formerly Twitter). On Friday, the ticket prices have soared as high as ₹2,400, but that's not deterring King Khan's loyal fans.