Booking Financial News

₹51 to ₹52 per equity share and the share will be listed on the BSE SME exchange Thursday, July 27. The entire Asarfi Hospital IPO consists of a fresh offering of 51.80 lakh equity shares for a total of up to ₹26.94 crore. The company intends to use the issue's proceeds to meet the following goals, including partially paying the capital expenses for the cancer hospital in Ranguni, Jharkhand.

₹150,000 before its official launch on August 9, 2023. The SUV can be booked either at Mercedes-Benz dealerships or through their online store. The German automaker wants to strengthen its position in the luxury car market in India by launching the new GLC.

DBS Bank Ltd., Singapore’s largest bank, on Monday, expanded its presence in India by inaugurating its new IFSC Banking Unit (IBU) in the Gujarat International Finance Tec-City (GIFT City), Gandhinagar. The bank's new unit is expected to focus on delivering corporate banking services, and foreign currency-denominated loans, including external commercial borrowings (ECB) and trade finance products, the statement of DBS bank said.DBS Bank has said that it is hoping to build a book exceeding $ 1 billion in the first year of operations. In the future, DBS is hoping to include solutions for its private banking clients along with other services it currently provides. The opening of the IBU in the GIFT International Financial Services Centre is a significant enabler for the bank's growth strategy for India, said DBS on the launch of its new financial unit in Gandhinagar.

Q1 results 2023: Star Housing Finance shares are one of the small-cap stocks listed on Dalal Street that has delivered strong Q1 results in 2023. The small-cap stock below ₹100 reported 134 per cent increase in asset under management (AUM) on YoY-basis whereas its income went up 99 per cent in this time. While discussing the Q1 results 2023 of the company, the board of directors also discussed and approved an interim dividend of ₹0.05 per share.

The net debt of top eight realty firms fell 43 per cent to Rs 23,000 crore last fiscal, from around Rs 40,000 crore in 2019-20, as their cash flow improved on strong housing sales, according to Anarock. Real estate consultant Anarock noted that the unfettered demand for housing across the country has enabled the country’s leading large and listed developers to reduce their debt.

The unfettered demand for housing across the country has enabled the country’s leading large and listed developers to reduce their debt, reveals an analysis of the financials declared by the top 8 developers engaged in the development of residential real estate.

Reward points are crucial to help you make the maximum use of your credit card spending. Often, cardholders use these reward points for availing discounts on travel, hotel bookings, purchasing apparels, and jewellery, among others.

HDFC Bank reported a healthy April-June quarter scorecard of the current financial year (Q1FY24) on Monday as barring a mild miss on the asset quality sequentially, the numbers were better than Street estimates. Analysts expected HDFC Bank to report a standalone net profit of ₹11,580 crore for the April-June period, showing an increase of 25.9 per cent compared to the same period last year. The bank's actual profit numbers were above this estimate.

Reliance Industries (RIL) and IT major Tata Consultancy Services (TCS), sitting on the third position with a market cap of ₹12.43 lakh crore.  The m-cap of RIL is over ₹18.85 lakh crore, while that of TCS is around ₹12.94 lakh crore. With a market value of over $151 billion, HDFC Bank is now the world’s seventh largest lender.

₹1,633 apiece on NSE after announcement of HDFC Bank Q1 results 2023. HDFC Bank share price today opened higher at ₹1,650 apiece levels but soon profit booking triggered and HDFC Bank share nosedived to its intraday low of ₹1,633 per share levels ahead of its Q1 results 2023. However, announcement of better than expected HDFC Bank results, buying interest triggered in HDFC Bank shares and the stock scaled to its intraday high of ₹1,675 levels, logging around 2.50 per cent rise from its Monday lows.

Chandra Shekhar Ghosh, MD & CEO, Bandhan Bank, says “every year, in the first quarter, microfinance loans come down. It takes off from the second quarter, which is before the puja. This is a seasonality factor.

IPO Subscription Status: The initial public offering (IPO) of Netweb Technologies Ltd was subscribed 94% on Day 1 so far. The public issue that opened for subscription on Monday, July 17, and will end on Wednesday, July 19. Employees and retail investors enthusiastically responded to the issue on the first day of subscription, followed by non-institutional investors (NIIS), and qualified institutional buyers (QIBs).  Retail investors portion was subscribed 1.38 times, employee portion was subscribed 3.79 times, NIIs portion was subscribed 1.06 times, and QIBs portion was subscribed 1%.

Utkarsh Small Finance Bank IPO: The initial public offering (IPO) of Utkarsh Small Finance Bank opened for bidding on 12th July 2023 and bidding for the book build issue closed on 14th July 2023. In three days of bidding, Utkarsh Small Finance Bank IPO subscription status informs that the public issue has been subscribed 101.91 times whereas its retail portion got subscribed 72.11 times. After strong response by investors, all eyes are now set on Utkarsh Small Finance Bank IPO allotment date, which is most likely on 19th July 2023.

money management, such as fixed deposits or repeated deposits, which provided a stable return rate. Today, everyone, from young to elderly, is investing in the stock market, and this type of investment is growing steadily. The securities exchange may deliver significant gains if you have the necessary skills and trade better than the securities exchange, said Ravi Singhal, CEO, GCL Broking.

A post shared by BARBIE (@barbiethemovie) The story is set in Barbie Land, where perfection prevails, except for those experiencing existential crises and Ken, Barbie's companion. The film boasts a star-studded ensemble cast, including Margot Robbie, Ryan Gosling, John Cena, Michael Cera, Kate McKinnon, America Ferrera, Will Ferrell, and Simu Liu. Also read: Margot Robbie’s Barbie movie likely to open with $80 million, Christopher Nolan's Oppenheimer eyes $40 million Although Warner Bros.

World Cup frenzy has already got India in its firm grip — and the India-Pakistan match is at the center of it all. All roads, and air-routes, lead to the Motera stadium in Ahmedabad, which is set to host the most-awaited match between India and Pakistan on October 15. And this is one time when being the early bird gets you nothing.

«If you see large caps, the valuation have corrected about 20-25% and the valuation correction in mid caps and with even more steeper, something like 30-35%. More importantly, in early 2022, when everyone was trying to building an environment around steep Fed rate hikes, the apprehension was that the US economy will slip into a very sharp contraction given the magnitude of sharp rate hike that the US Fed was talking about,» says Pankaj Murarka, CIO, Renaissance Investment.Nothing extraordinary from TCS. Nothing great has come from Wipro or Tech Mahindra but markets are mighty excited that for IT the worst is behind. Is this indeed true? I would like to think so that the worst seems to be behind for IT services companies, primarily for two or three reasons.

IT stocks suddenly rocketed into a higher orbit like Chandrayaan-3 on Friday in their biggest single-day jump since September 2020. All this despite the Q1 headline numbers of TCS, HCL Tech and Wipro had little or nothing to boast about. While TCS' June quarter numbers did not lead to upgrades, HCL Tech's figures were an all-round miss and Wipro's weak guidance drew bearish comments.

«Indian Railways is paying suppliers pretty quickly. So, we are trying to assess plays on supplying more to the railways. We are little apprehensive about the elections next year because if there is any change in power in Delhi, there will be a new bunch of people running the railway ministry,» says Saurabh Mukherjea, Marcellus Investment Managers.What are the new additions and what are the subtractions you have done in this market rally because on an average, the gains in large cap stocks are 15%, midcap is 20%, small cap is 25%.Yes, so, I think you are probably right.

“Highly leveraged companies, frequent equity dilution, etc are some of the traits which are avoided while picking companies,” says Siddharth Oberoi, Chief Investment Officer at Prudent Equity. In an interview with ETMarkets, Oberoi who manages AUM of over Rs 250 cr said: “The Indian economy is doing very well. Companies focused on domestic demand are witnessing double-digit growth” Edited excerpts:The Prudent Equity ACE Fund has been a marked outperformer since its launch in 2022. Take us through your investment philosophy. The fund started in December 2022 and has been able to generate returns of 26% in the first 7 months of operation.

Bain Capital is in advanced negotiations to close the acquisition of Gautam Adani's seven-year-old shadow bank, Adani Capital, edging past Carlyle as the Ahmedabad-based billionaire looks to realign his business interests and focus on core infrastructure by conserving cash, said people directly involved. ET was the first to report July 10 that three private equity (PE) groups, including the aforementioned two and Cerberus Capital Management, were in the final lap of the process. Adani Capital's management — led by former Lehman Brothers and Macquarie investment banker Gaurav Gupta, who joined the conglomerate in 2016 — owns around 10% of the company.