Booking Financial News

Tamilnad Mercantile Bank jumped 17% in intraday trade to a 52-week high of Rs 566.40 on NSE on Monday amid buying action in the banks and financial stocks. The Thoothukudi-headquartered private lender's stock has risen over 19% over three sessions. The stock was trading amid significant volume with over 32.73 lakh shares trading on the NSE.

Qantas could be forced to compensate passengers who lawyers say were misled into using flight credits when they should have been entitled to cash refunds, as well as pay interest on money customers have been unable to access for up to three years.

In what could mark a turning point in the ongoing Royal Family feud, King Charles III and his youngest son, Prince Harry are reportedly scheduled to engage in "peace talks" on September 17. This anticipated meeting has garnered attention as the 74-year-old King monarch has apparently cleared his schedule to accommodate this significant discussion. Sources close to the palace have revealed to OK! Magazine that King Charles's return from Balmoral is anticipated in the middle of September, coinciding with the conclusion of Prince Harry's Invictus Games commitment in Dusseldorf.

Vishnu Prakash R Punglia, which will open for subscription on August 24 and close on August 28, has fixed IPO price band of Rs 94-99 per share. The company through its IPO will fetch Rs 309 crore at the upper end of the price band. Jodhpur-based Vishnu Prakash R Punglia is an integrated engineering, procurement and construction (EPC) company, which specialises in water supply projects.

Uttar Pradesh's Meerut defied all odds to establish a Guinness World Record.Vikas Swami, who endured a life-altering bike accident in 2010, achieved this feat by lifting over 80kg with his mouth in a handstand position last month. This accomplishment follows his earlier entry into the Asia Book of Records in 2021, where he lifted an impressive 121 kg. Vikas Swami's journey has been nothing short of extraordinary.

Kuki academics, the apex body of the community in Manipur wrote to Prime Minister Narendra Modi urging him to take steps to withdraw the cases. In a memorandum to the prime minister, the Kuki Inpi Manipur (KIM) alleged that several scholars, writers and leaders of the community are under constant threat and harassment. «The results of research works, academic engagement and exercise of freedom of speech are responded with FIR and cases.

Arvind Kejriwal on Monday ordered the suspension of the government official rape accused who has been booked for allegedly raping his friend's daughter several times and impregnating her. He also sought a report from the chief secretary by 5 pm today, according to ANI reports. The official belongs to the Delhi government's Women and Child Development department.

New Delhi: A growing number of Indian consumers are turning to their mobile devices to check prices of products while shopping in brick-and-mortar stores, indicating a rise in the adoption of omnichannel retail behaviour. “For five in 10 India consumers, e-commerce websites and search engines are the top sources of pre-purchase information, while three in 10 check in with their family, friends and colleagues before deciding on a purchase.

HR encompasses five core responsibilities: talent management, compensation and employee benefits, training and development, compliance, and workplace safety. By efficiently navigating the employee lifecycle, the HR department contributes to establishing organizational structure and ensuring the capability to meet business demands effectively. In essence, HR entails the discovery, recruitment, screening, and training of job candidates, while also overseeing employee benefit programs. In the dynamic twenty-first-century landscape, HR plays a vital role in assisting businesses in adapting to rapid changes and addressing the rising demand for high-quality personnel. It remains an indispensable force in shaping businesses' agility and success within the contemporary corporate realm. Learn about Evolution & Trends in HRM in IIML Advanced Programme in Human Resource Management Definition of HRThe phrase

₹265 on BSE and at ₹262 on NSE, which is at par with its market value of ₹261.85 (ascertained on JFSL record date). However, pain for shareholders didn't end here and it went down further and hit intraday low of ₹248.90 on NSE and ₹251.75 on BSE — hitting 5 per cent lower circuit on both exchanges. According to stock market experts, fair value of Jio Financial Services share price comes around ₹180 apiece levels and market is expected to discount further as the stock is still trading at much higher price than its fair value.

«I do not see that this should get a runaway valuation of say two times, three times. They need to prove as this one-and-a-half, Rs 1.6 lakh crore market cap itself is a lot of respect to the Reliance Group, I think beyond that it is a lot of hard work,» says Digant Haria, GreenEdge Wealth.Is there value in Reliance Jio after listing today because it will be listing at a market cap of about 1.7 lakh crore. Do you think there is value in that franchise?See, I just think that it is listed at a very fair price like one-and-a-half times of consolidated net worth.

KEC International shares jumped 8% to Rs 674 in Monday's trade on BSE after the firm bagged new orders worth Rs 1,007 crore, including for the construction of a multi-specialty hospital. The company's civil business vertical secured an order for the design, engineering, procurement and construction of a multi-specialty hospital in eastern India, the company said in a regulatory filing on Friday. Its transmission and distribution business secured an order for a 380 kV overhead transmission line project in the Middle East.

fundamentally strong companies that efficiently utilise their capital to generate profits. RoCE not only reflects a company's operational efficiency but also its ability to provide attractive returns to its shareholders. This article delves into the world of midcap stocks in India, specifically focusing on the top five high RoCE midcap stocks that have caught the attention of investors.

ITC, Macquarie retained an underperform rating on Info Edge, CLSA maintained a buy on Reliance Industries, and an outperform rating on Titan Company.We have collated a list of recommendations of top brokerage firms from ET NOW and other sources:HSBC on ITC: Hold| Target Rs 450HSBC maintained a hold rating on ITC but hiked the 12-month target price to Rs 450 from Rs 400 earlier. ITC's core appeal lies in yield and growth. The cigarette business has an attractive dividend yield, but structural earnings growth is likely to be modest.

Reliance Strategic Investments Limited) shall be listed and admitted to dealings on the Exchange in the list of T Group of Securities. Jio financial Services Ltd share price will be in Trade-for-Trade segment for 10 trading days. Hence, during Monday session, JFSL listing will be a part of special pre-open session for IPO and Other category of scrips.

Buy or sell stocks for today: Following weak global market sentiments, Indian stock market ended lower on second day in a row on Friday. NSE Nifty lost 55 points and ended at 19,310 levels, BSE Sensex shed 202 points and closed at 64,948 mark whereas Bank Nifty index corrected 40 points and finished at 43,851 levels.

Washington | The two pharmaceutical giants behind the lion’s share of the world’s COVID-19 vaccines have sold more than $US117 billion ($183 billion) worth of the drugs since their first big deliveries in 2021, but face a revenue cliff as the pandemic fades into history.

Mazagon Dock Shipbuilders Ltd, part of the shipbuilding and allied services industry, has rallied more than 160% in just 3 months and the chart patterns suggest that the rally may not be over yet.The stock rose from Rs 716 as on April 18, 2023, to Rs 1872 recorded on August 18, 2023, which translates into an upside of 161%.Short-term traders can look to buy the stock on dips for a possible target above 2000 levels in the next 2-3 weeks, suggest

Westpac booked a net profit for the third quarter of $1.8 billion navigating a “modest” deterioration in bad debts, higher expenses due to inflationary pressures, and a contraction in lending margins from mortgage competition.

Ujjivan Small Finance Bank, which is back in the reckoning after a couple of bad years with high level of stressed assets and an exodus at senior levels, is planning to apply for universal banking license next year after the completion of the proposed reverse merger of its holding company Ujjivan Financial Services to itself. As preparation, the lender is now focusing on gaining scale by expanding product basket, adding more branches and growing manpower by about a fourth,managing director Ittira Davis told ET in an interview. Here’s an edited excerpt.Ujjivan Small Finance has regained stability with a solid set of numbers. What helped this turnaround? Have you done anything different? The entire problem was circumstantial.

Hero MotoCorp is now looking at sustainable growth, enhancing market share across segments on the back of new product launches over the next few quarters, according to a top company executive. The country's largest two-wheeler maker is also looking at enhancing production capacity to roll out Harley-Davidson X440 which has already received over 25,000 bookings.