Booking Financial News

₹75 per equity share of face value of ₹10 each. Bids can be made for a minimum of 1,600 equity shares and in multiples of 1,600 equity shares thereafter. Bondada Engineering IPO issue price is 7.5 times the face value of the equity share.

IPO listing date has been fixed for Friday, August 18 on NSE and BSE. If you applied for the shares, here's how you can check allotment status of Concord Biotech IPO. If you have applied for the Concord Biotech IPO, you can check your Concord Biotech IPO allotment status immediately on the website of the IPO registrar, Link Intime India Private Ltd.

Below are stories of a few of such industrious and brave people who came over from Pakistan during the Partition and built successful businesses from scratch.Dharampal Gulati Mahashay Dharampal Gulati, the king of spices who built MDH, India's leading spice brand, was born in Sialkot, Pakistan, in 1923, and moved to India with his family during the Partition. The old man with a turban and a moustache, who has adorned commercials and packs of MDH spices for decades, became an icon of success in modern India.

IPO subscription status: TVS Supply Chain IPO was subscribed 1.03 on day 2. TVS Supply Chain IPO opened on Thursday, August 10 and will close on Monday, August 14. TVS Supply Chain IPO continued to receive positive response from retail investors on day 2.

₹50,000 crores in fixed deposits (FDs) in July 2023, making it country’s largest deposit taking NBFC (non-banking financial company). This is a significant milestone for Bajaj Finance, which has been growing its FD book at a rapid pace in recent years. The company's fixed deposits book has grown by over 46% in the last year, and it now has over 5 lakh depositors.

Concord Biotech IPO will likely be finalised on August 11. Investors will get shares on a lottery basis and the whole process will be supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

An after-school childcare operator forced to shut down 74 services in NSW this year due to unspecified “risks to children” has separately reported an unusually high rate of absences at a Victorian school.

IPO listing: Vinsys IT Services made a stellar debut on the NSE SME Emerge Friday as the shares were listed at nearly 62% premium to the issue price. Vinsys IT Services shares got listed at ₹207.25 apiece, higher by ₹79.25 or 61.91%, as compared to its issue price of ₹128. After the IPO listing, Vinsys IT Services shares gained further and made a high of ₹217.60 apiece.

Samvardhana Motherson International rose almost 3 per cent in the morning trade on BSE on Friday, a day after the company reported its June quarter scorecard. The stock opened at ₹98.51 against the previous close of ₹95.83 and rose 3 per cent to the intraday high of ₹98.66 on BSE in Friday's trade so far. The stock ended 2.77 per cent lower on Thursday after the auto components maker announced its June quarter scorecard.

Sanjiv Bhasin, Director, IIFL Securities, says “in largecaps, this is a brilliant opportunity for Maruti, Lupin, Apollo Hospital and last but not least, Gujarat Gas. The largest city gas distribution and gas prices globally have fallen. Their margins will only rise and volumes will pick up.

Nick Scali has posted a record profit in the 12 months to June 30, helped by a double digits sales and earnings growth, but the furniture retailer is warning that consumer sentiment has “deteriorated” and orders are falling.

LIC: State-run Life Insurance Corp of India (LIC) recorded a 14-fold year-on-year jump in net profit at ₹9,543.7 crore for the first quarter of FY24, even though the country's largest insurer has been witnessing a shrink in its market share in terms of new business premium. The super-normal growth in net profit is primarily attributed to a base effect and a change in accounting entry, involving a transfer of funds from non-participating policies to shareholders'' account as a part of accretion on the available solvency margin, according to a regulatory filing. Reliance Industries: The shares of the demerged Jio Financial Services (JFSL) have been credited to the demat account of eligible shareholders of billionaire Mukesh Ambani-led Reliance Industries Limited (RIL), reported Economic Times on 10 August.

It’s game on for Lendlease’s Australian Communities business, put up for sale via Macquarie Capital in April. First-round bids are in with at least four names throwing their hat in the ring, Street Talk understands.

News Corp (NASDAQ:NWSA) reported its Q4 results, with EPS of $0.14 coming in better than the consensus estimate of $0.09. Revenue fell 9% year-over-year to $2.43 billion, missing the consensus estimate of $2.48B.

Life Insurance Corp of India (LIC) recorded a 14-fold year-on-year jump in net profit at ₹9,543.7 crore for the first quarter of FY24, even though the country's largest insurer has been witnessing a shrink in its market share in terms of new business premium. The super-normal growth in net profit is primarily attributed to a base effect and a change in accounting entry, involving a transfer of funds from non-participating policies to shareholders account as a part of accretion on the available solvency margin, according to a regulatory filing. In the previous fiscal's June quarter, LIC's net profit was ₹682.9 crore.

parliamentary panel on Thursday complimented the defence ministry for its "synergised efforts" to realise the objective of ensuring self-reliance in military hardware. The Standing Committee on Defence also noted that the expenditure on procurement from domestic sources has witnessed an increasing trend since 2018-19. The percentage of procurement from domestic defence manufacturers stood at 63.6 per cent in 2020-21 as against 54 per cent in 2018-19, the panel said in a report tabled in Parliament.

Phil Mickelson. According to Walters, Mickelson's gambling matched his own in terms of both frequency and fervor. Mickelson is reported to have wagered at least $1 billion and faced losses of up to $100 million, as disclosed by Walters in his upcoming book.

Rajinikanth fans at Freshworks are having the time of their lives. The Chennai-based global software company reportedly booked no less than 2,200 tickets of the Rajinikanth film ‘Jailer’ for its employees! Freshworks CEO Girish Mathrubootham took to Twitter to share the news. “2,200 tickets, 7 screens, Freshworks employees only,” tweeted the entrepreneur. The post went viral, amassing more than 434K views and 8289 likes. Many Twitter users gushed at the generous gesture. Trade analyst Ramesh Bala wrote, “#Freshworks — Best place for #Thalaivar fans to work..” A former staff of the organisation, was all praises for the software company. “As a former employee of Freshworks, it's not hard to see why the company was so beloved. One memory that stands out is the company's love for Rajini movies — entire theatre screens were booked for employees to watch together! Nostalgic for those days and grateful for the memories,” they wrote. Some however, were less than impressed with the gesture and indicated that such initiatives can have a negative impact on the work culture. “Do all this, spoil the work ethics and then cry when losses mount up. fire the same guys to salvage the company. Many new startups are doing these things — reason — easy money ?

Reliance Jio has introduced an Independence Day 2023 offer catering to its prepaid users. The offer features the annual recharge pack priced at ₹2,999 that includes calling and data benefits along with other advantages, such as discounts on prominent food delivery services, travel reservations, online shopping, and more. Here's a comprehensive overview of the offer.

Samsung India has revealed that it has secured record pre-bookings for its fifth generation foldable devices launched recently. As announced by the company, more than 1,00,000 consumers pre-booked Galaxy Z Flip 5 and Z Fold 5 in the first 28 hours. Pre bookings for Galaxy Z Flip 5 and Galaxy Z Fold 5 opened in the country on July 27.

Thomas Cook India reported an income from operations of Rs 1899 crore in its consolidated results for the quarter ended June, up from Rs 976 crore in the corresponding period of the previous fiscal. The company reported a profit of Rs 71 crore for the quarter ended June, up from Rs 6 crore in the corresponding period of the last financial year.