Booking Financial News

I am 60 years old and received Rs 75 lakh on retirement a few days ago. Where should I invest this sum for maximum benefit? Adhil Shetty, CEO, BankBazaar: As you are a retiree, your investment decisions should focus on preserving capital, generating income and managing risk. If this is only a part of your retirement corpus, you can invest some or most of it in fixed income schemes.

Paytm announced that Sharma entered into an agreement to purchase a 10.30% stake in the company from Antfin (Netherlands) Holding BV. Antfin will transfer 6.53 crore shares of Paytm to Resilient Asset Management B.V., an entity in which Sharma owns the complete 100% stake.

Jailer, starring none other than the legendary Rajinikanth. Directed by the talented Nelson Dilipkumar, this high-octane film is all set to hit screens on August 10 in Tamil, Telugu and Hindi languages, promising a cinematic treat for fans across the globe. Produced by Sun Pictures, Jailer has been generating immense excitement among audiences, both locally and internationally.

Concord Biotech IPO: The initial public offering (IPO) opened for bidding on 4th August 2023 and its subscription will end on 8th August 2023. This means, today is the last date to apply for the public offer of this Rekha Jhunjhunwala-backed company. However, after trend reversal on Dalal Street and strong Concord Biotech IPO subscription status, grey market has gone highly bullish on the public issue.

Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has received 25,597 bookings for the Harley Davidson X440, since opening the bookings on the 4th of July, 2023. The booking window has now been closed, and the new booking window will be announced soon. Hero MotoCorp will start production of the Harley-Davidson X440 in September 2023 and commence customer deliveries from October onwards.

ANI, the film unfolds within the backdrop of the tumultuous 'Crush India Movement' of 1971, showcasing Tara Singh's daring journey to Pakistan to rescue his son, Charan Jeet Singh (portrayed by Utkarsh Sharma), from the clutches of the Pakistani Army. Under the direction of Anil Sharma, the film stars Sunny Deol, Ameesha Patel, and Utkarsh Sharma in pivotal roles.

Gadar 2’, the sequel to the 2001 blockbuster ‘Gadar: Ek Prem Katha’, can enjoy one of the biggest opening days of 2023! The advance booking figures of the Sunny Deol-Ameesha Patel starrer will leave you jaw-dropped! The movie has sold about 45,000 tickets for the opening day across three national chains PVR, Inox and Cinepolis, as per a Bollywood Hungama report. This already impressive figure can go further, up to over 2,00,000 ticket sales by Thursday (August 10). Going by the figures, the movie is expected to have an opening day figure of Rs 20-25 crore. If it does manage such a feat, ‘Gadar 2’ can be the highest first-day earner, just after ‘Pathaan’! Trade analyst Sumit Kadel said the movie's first day collections could be as high as Rs 30 crore! ‘Gadar 2’ will be receiving stiff competition from the Akshay Kumar-Pankaj Tripathi starrer ‘OMG 2’. The satirical comedy has sold only about 7,700 tickets for day one.

Greece’s resort island of Rhodes is nursing its wounds after 11 days of devastating wildfires

Digital Personal Data Protection (DPDP) Bill with a voice vote, bringing India a step closer to its first law that enshrines how private or government entities can use or process citizens’ data. The opposition has expressed several concerns over the legislation and has been demanding that the bill be sent to a parliamentary panel for further deliberations. They alleged that the bill violated citizens’ Right to Privacy.

Penguin Random House because of concerns that competition would shrink the book market. An executive for KKR is calling the deal a chance to work with «one of the most effective» book publishers. The private equity giant will buy Simon & Schuster for $1.62 billion in cash, said Paramount Global, the parent company of the storied publishing house.

Taylor Swift is on a roll with her highly successful The Eras Tour 2023, and soon there is a buzz about her 2024 concerts as part of the same tour. Taylor Swift will be coming to Miami, Florida, in 2024. Here are the details, including tour dates, ticket prices, and more. Fans couldn’t keep calm when Taylor Swift announced the addition of three new live shows in 2024 as part of The Eras Tour.

Essel Group founder Subhash Chandra is poised to settle the ₹6,500 crore debt it owes JC Flowers Asset Reconstruction Co. (ARC) for close to ₹1,500 crore to regain ownership of the family’s stake in assets, including Dish TV and Zee Learn, as well as three properties, including a bungalow in central Delhi. Chandra’s Essel Group reached an understanding to repay the settlement amount in a phased manner by 31 March and is close to signing a definitive agreement, two people with direct knowledge of the development said.

Spousal consent would be required to start most distributions from 401(k) plans, under two companion bills sponsored by Democrats in Congress.

₹364 crore last quarter, up from ₹170 crore in Q1FY23, hurt by higher operating expenses and elevated provisions. This comes at a time when BHEL’s net revenues have increased by 7% year-on-year to ₹5,003 crore. Investors are not pleased.

Credit Suisse Group’s crown jewel is its wealth management business in Asia, judging by the tremendous personnel effort its acquirer is making. UBS Group plans to retain most of Credit Suisse’s relationship managers in the region, while cutting more than half of its smaller rival’s 45,000-strong workforce worldwide. Bonuses are being dangled for private bankers with growing client books.

domestic investors took a back seat in the June quarter as they booked profits at higher levels. The share of domestic institutional investors, along with retail and high networth individuals (HNIs) in NSE-listed companies declined for the first time in six quarters to 22.5%, according to data sourced from Primeinfobase. The net inflows from DIIs stood at just Rs 3,368 crore during the quarter.

There is a wealthy businessman running for the 2024 Republican presidential nomination who has in the past given campaign contributions to Democrats and has a record of statements that don’t always sound like a conservative. His name isn’t Donald Trump. Vivek Ramaswamy, a 37-year-old biotech company founder, has moved into third or fourth place in some state and national polls, and he says his opponents are starting to take notice.

When OpenTable CEO Debby Soo joined the restaurant reservation company in 2020, the industry was struggling through the pandemic

Greece’s resort island of Rhodes is nursing its wounds after 11 days of devastating wildfires

Freshworks saw two more exits among the top rung of leaders reporting to founder and CEO Girish Mathrubootham. Chief human resources officer Suman Gopalan and chief marketing officer Stacey Epstein are leaving the firm, the company said in a statement on Monday. While Gopalan spent a little over 5 years with the firm, Epstein was with Freshworks for over nearly 2.5 years.

National Company Law Tribunal that it had no stand on the Go First’s resolution professional’s plea to refund ticket amount for flights that have been grounded since May 3. “We have no stand on this; the tribunal may decide the matter on merits,” the counsel for IBBI informed NCLT. The counsel for Committee of Creditors also did not raise any objections on the petition to refund tickets, claiming that it was part of the resolution plan approved by the creditors.