Booking Financial News

TVS Supply Chain Solutions will likely debut on the exchanges on August 23. Ahead of the listing, the company's shares are fetching a mild premium of Rs 4 in the unlisted market, indicating a muted listing on the Street. Considering the upper price band of Rs 197, the stock is expected to debut at a premium of just 2% over the issue price. However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly. The IPO was subscribed to 2.85 times overall, which is a decent response.

IPO) of Vishnu Prakash R Punglia will open for subscription on August 24. The issue closes on August 28.

IPO Subscription Status: Pyramid Technoplast IPO was subscribed 18.16 times on day 3, so far. Pyramid Technoplast IPO opened Friday, August 18 and will close today (Tuesday, August 22). Pyramid Technoplast IPO received overwhelming response from non-institutional investors (NIIS) and retail investors on day 3.

BEIJING — Chinese tech company Baidu on Tuesday reported better-than-expected revenue, up by 15% year-on-year in the second quarter and bolstered by growth in advertising.

«So as far as Karnataka Bank is concerned there was a conscious call made in a couple of quarters before that some of this high cost deposits as well as some not so good yielding loans were retired and this was a very conscious call whereby we actually calibrated this a little bit,» says Srikrishnan H, Karnataka Bank.Your loan growth this quarter has been relatively slower than the overall banking sector credit growth which you have observed. Talk to us about what has been the reason behind this slower growth and is it a conscious calibration which you are undertaking and it is likely to reverse going forward?So as far as Karnataka Bank is concerned there was a conscious call made in a couple of quarters before that some of this high cost deposits as well as some not so good yielding loans were retired and this was a very conscious call whereby we actually calibrated this a little bit. But the following two quarters which is the last quarter Q1 FY24 and the next quarter which is currently underway in both on an annualised basis we have hit a target growth of 10% and that is something which has been the guidance given to the stakeholders. Also so it is not as if we are really under but we will pick up soon because there are two three engines that are going to be firing because one is the branch engine, the second is a sales engine that we are wrapping around all of our branches with DSAs and sales staff and that would be particularly aimed at gold loan, agri as well as personal loans. And the third one is a digital part so we have digitised at least about 30 to 40 customer journeys and that in fact the flagship product, the hero product there, is our consumer loan journey, where it is near 100% digital.

IPO Subscription Status: The initial public offering (IPO) of Ashish Kacholia-backed company Aeroflex Industries Ltd opened for public subscription today, August 22. The public issue, which will remain open for bidding till August 24, has received stellar response from investors as the issue got fully subscribed within hours of opening. Aeroflex Industries IPO has been subscribed 2.88 times so far on day 1 as the issue received bids for 6.69 crore equity share as compared to 3.25 crore shares on the offer, till 1:00 pm.

Stock market today: Adani group shares have been in uptrend for last few trade sessions. Out of 10 Adani shares, Adani Power share price has ascended from ₹280 to ₹343 apiece levels in last four sessions, logging near 22.50 per cent rise in this time. Adani Ports share price has 776 apiece levels to ₹869 per share levels on NSE, logging around 12 per cent appreciation in last four sessions.

For further recommendations, try our annual round-up of the best books, films, TV, music, podcasts and more. Budapest. By Victor Sebestyen. W&N; 432 pages; £25 Forever caught between East and West, the capital of Hungary encapsulates the drama of central Europe in its wonders and horrors.

«The picture seems to be very good as far as public sector banks and the overall banking scenario in the country is concerned and it is an effort which had started a couple of years ago,» says Rajnish Kumar, Former Chairman, SBI.Let us get in an overall picture from you on the entire banking sector because we have seen balance sheets getting cleaner, growth looking strong, it is pretty strong environment as well. So, given the fact that historically private sector banks have thrived, a lot of public sector banks are now looking a little more competitive, valuations as well are looking better. So, how does the picture stack up?The picture seems to be very good as far as public sector banks and the overall banking scenario in the country is concerned and it is an effort which had started a couple of years ago. All the banks took steps to clean up their balance sheet.

₹900 crore from the primary market and has filed preliminary papers for its maiden public issue. The Vadodara-based Shiva Pharmachem has filed its Draft Red Herring prospectus (DRHP) with capital market regulator Securities & Exchange Board of India (SEBI) for an initial public offering (IPO). Shiva Pharmachem IPO is entirely an offer for sale (OFS) of up to ₹900 crore by the promoter and promoter group shareholders.

The Economist has examined the age of each firm, taking into account the mergers and spin-offs that paint an artificially youthful picture of the group. We found that only 52 of the 500 were born after 1990, our yardstick for the internet era. That includes Alphabet, Amazon and Meta, but misses Apple and Microsoft, middle-aged tech titans.

DCW) chief Swati Maliwal on Monday sat on a dharna at a hospital after she was stopped from meeting the minor girl who was allegedly raped by a Delhi government official. She spent the whole night at the hospital on Monday. Speaking to ANI, Maliwal accused Delhi Police of indulging in ‘hooliganism’ and asked what do they want to hide from her in this sexual assault case.

Pyramid Tecnoplast IPO: The initial public offering (IPO) of Pyramid Tecnoplast Ltd opened for subscribers on 18th August 2023 and it will remain open for bidders till 22nd August 20223. This means, investors have just one day in hand to apply for the public issue as bidding for the issue will end on Tuesday evening i.e. today.

Reliance Industries, about 60% of the Rs 1.6 lakh crore-market capitalisation of Jio Financial Services or JFSL is nothing but a result of its 6.1% stake in parent entity RIL. As part of the demerger, JFSL has received 413 million treasury shares or 6.1% of the total share capital of RIL. At the current market price, the value of these shares is about Rs 1 lakh crore. JFSL can either sell these shares in a staggered manner or simply hold on to them.

Aeroflex Industries IPO: The initial public offering (IPO) of Ashish Kacholia-backed company Aeroflex Industries Ltd has hit primary market today. The public issue will remain open for bidding till 24th August 2023. The company has fixed Aeroflex Industries IPO price at ₹102 to ₹108 per equity share and it aims to raise ₹351 crore from the initial public offer.

Trump said he will turn himself in on Thursday in Georgia to face racketeering and other charges stemming from his bid to overturn the 2020 election. Writing on his platform Truth Social on Monday, Trump said that that day he would be «ARRESTED by a Radical Left District Attorney, Fani Willis,» the Georgia official who brought the year's fourth indictment against the former president. The judge in the case earlier approved a $200,000 bond for Trump in the racketeering case filed against him in the southern state. Trump and the 18 other co-defendants in the landmark case have until noon (1600 GMT) on Friday to turn themselves in to the authorities in Georgia to be booked. In his post Trump said Willis is acting «in strict coordination with Crooked Joe Biden's DOJ.

Omkara ARC has acquired ₹784-crore loan outstanding from PNB Housing Finance of Joyous Housing Limited. The transaction happened at par and helped the mortgage lender in resolving a significant non-performing asset. Omkara ARC bought the account in an all-cash deal, said two people aware of the development. PNB Housing Finance had announced the successful resolution of its large corporate non-performing account (NPA) account valued at ₹784 crore, which constituted around 1.3% of the loan asset as of June 30, 2023, according to a stock exchange announcement.

DRHP) with capital market regulator Sebi to raise funds through an initial public offering (IPO). The IPO with a face value of ₹2 each is entirely an offer for sale (OFS) of up to ₹900 crore by the promoter and promoter group shareholders. The OFS comprises of sale of shares of up to ₹383 crore by Vishal Rakesh Agrawal, up to ₹383 crore by Rahul Rakesh Agrawal, and up to ₹134 crore by Geetganga Investment Private Limited. The offer is being made through the book building process, wherein not more than 50% of the offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers, 15% for allocation to non-institutional bidders and 35% shall be available for allocation to retail individual bidders. Founded in 1999, Shiva Pharmachem, is led by its founders Rakesh Agrawal, non-executive chairman, Vishal Agrawal, MD, and Rahul Agrawal, non-executive director. As of FY23, it serves over 181 multinational and domestic companies across 22 countries. Its prominent markets include Germany, the US, Switzerland, Italy, and Mexico.JM Financial and Kotak Mahindra Capital are the book running lead managers and Link Intime India is the registrar to the offer.

National Australia Bank’s latest hybrid issuance had gathered $1.45 billion in bids by 8am Tuesday morning, as investor demand outstripped the $1 billion expected deal size at launch.

artificial intelligence (AI) cannot be subject to copyright, according to reports. The judge's decision came on Friday within the context of a legal case involving the US Copyright Office's denial of copyright to Stephen Thaler for an AI-generated image crafted using the Creativity Machine algorithm he had developed. Thaler had pursued copyright protection for the image, intending it to be categorized as a «work-for-hire» for the possessor of the Creativity Machine.

New Delhi: The National Financial Reporting Authority (NFRA) has imposed hefty penalty on the auditors of Tanglin Developments Ltd. (TDL), a group company of Coffee Day Enterprises Ltd. for alleged lapses in the audit of FY20 as part of a series of investigations into alleged financial irregularities in the group, showed an official order.