Booking Financial News

₹10.29 lakh (ex-showroom). Prospective buyers now have the opportunity to make bookings for the Rumion model, which shares its foundation with the Maruti Suzuki Ertiga. Earlier this month, Toyota introduced the Rumion, marking its entry into the budget-friendly MPV category in the Indian market.

London | The BBC is to be sued by a man interviewed in a case of mistaken identity over a row about royalties.

Vishnu Prakash R Punglia continued to see a robust response from investors across categories on the third and final day of the book-building process on Monday. The issue was subscribed 33.46 times so far. The non-institutional portion was subscribed the most at 72.4 times, followed by retail investors at Rs 24.69 times and qualified institutional buyers at 20.67 times. According to market sources, the company's shares are commanding a premium of Rs 54 in the unlisted market. Analysts recommended investors to subscribe to the issue as the company has a healthy order book and industry tailwinds are expected to benefit in profitability in the coming years. Vishnu Prakash R Punglia is a construction company that is primarily engaged in infrastructure projects for the central and state governments.

Qantas says it is still sitting on more than $500 million worth of its customers’ money in flight credits, but that it could not quantify the exact amount because it changes daily.

The man at the centre of an alleged $15 million fraud scheme targeting Westpac was once linked to a conspiracy to help kill his cousin’s ex-wife.

Multibagger stock: Shares of Responsive Industries Ltd are one of the multibagger stocks that Indian stock market has delivered in recent years. In fact, this multibagger stock has doubled shareholders' money in YTD, delivering over 100 per cent return to positional investors. However, it seems that there is still some steam left in this multibagger stock.

SUV fan or interested in buying an EV, the month promises major launches for all. As per a report from HT Auto, here are some of the biggest car launches expected to take place in the upcoming month. Scheduled to launch on September 4, Honda Cars India has commenced the booking process for their upcoming model, the Elevate SUV.

IPO subscription, focus now shifts to GMP and allotment. Check GMP, subscription status and other key details of Vishnu Prakash IPO here: Vishnu Prakash R Punglia IPO has been subscribed 18.05 times so far on August 28, Monday, the third and the last last day of the bidding process. The public issue received bids for 39.58 crore equity shares as compared to 2.19 crore crore shares on the offer, till 11:00 am.

Mono Pharmacare IPO: The initial public offering (IPO) of Mono Pharmacare Limited has opened today and it will remain open for bidding till 30th August 2023. The book build issue has been offered at a price band of ₹26 to ₹28 per equity share. The public issue is proposed for listing on NSE SME exchange.

Nischal Maheshwari, CEO-Institutional Equities, Centrum Broking, says “in a long-term portfolio, I would not bother for the next 5-10% fall in Jio Financial. I would start nibbling right away and on every 5% fall, I will keep on adding. I would go out and buy maybe 25% of whatever I wanted to buy today and thereafter every 5% fall I will keep on adding another 25%.”What is your take on RIL’s AGM? What will the market participants be watching out for given that there is no big-bang new announcement?One thing that the market and everybody is waiting for is what is going to be the plans for Jio which got listed a couple of days back and after the listing, the prices fell and then last Friday there was very aggressive buying by some of the mutual funds.

Aeroflex Industries IPO: The initial public offering (IPO) of Aeroflex Industries Limited got subscribed over 97 times in three days of bidding from 22nd to 24th August 2023. The book build issue was offered at a price band of ₹102 to ₹108 per equity share and it received rave response from investors in all categories. Meanwhile, grey market sentiment has remained steady in regard to Aeroflex Industries IPO.

Lawyers have filed a new plan for restructuring $10 billion in debt owed by Puerto Rico’s power company in the latest attempt to end a lengthy bankruptcy process marked by acrimonious negotiations

Binance, the world's leading cryptocurrency exchange, has confirmed that it will delist three cryptocurrencies: SNM (SONM), SRM (Serum), and YFII (DFI.Money) on August 22, 2023.

investment author, Peter Lynch. My first reading of Lynch was soon after I finished college in 1990. Compared to 2023, it was a very dull time, and acquiring a copy of Lynch’s book, One Up on Wall Street, was very exciting for me.

NPS benefit offered by his company. Aney should start by opting for the NPS benefit from his company. Under Section 80CCD(2), up to 10% of basic salary put in the NPS is tax deductible.

MUMBAI : Late-stage technology investor SoftBank Investment Advisers has made more than $5.5 billion in exits from its Indian portfolio since it began operations in November 2018 in Mumbai, said Sumer Juneja, the firm’s managing partner. Of the total, about $1.5 billion was booked in the last 12-18 months, said Juneja, also the firm’s head for Europe, Middle East and Africa. Another $1.5 billion is liquid and in tradable equities, he said in an interview.

Paras Defence and Space Technologies, part of the defence and aerospace industry, has rallied by about 20% in a week which pushed the stock to a fresh 52-week high and the chart pattern suggests that the rally may not be over.The stock after hitting a 52-week high of Rs 841 on August 24, 2023, failed to hold on to the momentum. It witnessed some selling pressure on Friday but held above crucial support levels.

IndoStar Capital Finance has sold to Phoenix Asset Reconstruction Company two stressed loans of Puranik Builders and Kanakia Spaces Realty for ₹790 crore, which is an 86% recovery on the total loan outstanding of ₹915 crore, according to sources. The recovery rate is considered good given that these loans were overdue by around 60 days. «The recovery was good as the loan accounts were tagged in stage 2 and chances of recovery are strong,» said a source.Non-banking finance companies (NBFCs) categorise loans as stage 2 if the overdue period is between 30 and 60 days.

Analysing the FDI Flow India's thriving economy has also attracted $46 billion in FDI during FY2023, registering a remarkable growth of 89% since FY2014. This warrants scrutiny of the jurisdictions contributing to this inflow.

Embraer SA, the world’s third largest manufacturer of commercial jets, is betting big on India as a key growth market and potential manufacturing hub. In an interview with ET’s Arindam Majumder, chief executive Francisco Gomes Neto, explains the Brazilian aerospace company’s growth plans which include finding a local joint venture partner to set up a manufacturing unit in India. Edited excerpts:India now has one of the largest aircraft order books in the world. But it has been a challenge to find customers here for Embraer. What are the sticking points? There are ongoing dialogues and conversations that are happening with Indian airlines.

The boss of Australia’s second-largest pubs group, Australian Venue Co, says bookings for Christmas functions are up 40 per cent on this time a year ago as households and businesses seek out better value alternatives to restaurants, keeping the economy on track for a soft landing.