Booking Financial News
12.07 / 10:01
UPS
IPO
Provident
Booking
Platform
hospital
open
SME IPO: Asarfi Hospital issue to open on July 17. 10 things to know about the offer
1) Company Overview Asarfi Hospital is a 250 bedded multi-specialty hospital, which has been serving people for over one and half decades by providing healthcare services in Dhanbad, Jharkhand.2) Industry Overview The Indian healthcare sector is said to have recorded a three-fold rise, growing at a CAGR of 22% between 2016–22 to reach $372 billion. The Indian medical tourism market was valued at $2.89 billion in 2020 and is expected to reach $13.42 billion by 2026.3) Issue size The IPO is entirely a fresh equity issue of up to 51.8 lakh equity shares aggregating up to Rs Rs 26.9 crore4) Price band The company will offer its shares at a price band of Rs 51-52 apiece, and investors can bid for 2,000 shares in 1 lot.5) Financial performance For the year ending March 2023, the company has recorded revenues of Rs 73 crore and net profit of Rs 8.01 crore.6) Objects of the offer The net proceeds from the public offer will be used for part funding of capital expenditure, acquiring land on a leasehold basis, and other general corporate purposes.7) Booking running lead managers Hem Securities is acting as the lead manager of the issue, while Cameo Corporate Services is the registrar.8) Issue structure About 50% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors, and the rest 35% for retail investors.9) Important dates The IPO opens on July 17 and closes on July 19.
12.07 / 10:01
COST
UPS
Booking
Software
Bottomline
guidance
fall
Wipro Q1 Preview: PAT, sales may fall QoQ; guidance for Q2 likely to be soft
Wipro Ltd is likely to report a drop in both revenue and profit for the quarter ended June, weighed down by unfavorable business environment and subdued tech spending by clients. In dollar terms, analysts expect the company to report a 2% sequential decline in revenue in constant currency terms, which is at the midpoint of its guided range. For its IT services revenue, Wipro had offered a guidance in the range of $2,753 million to $2,811 million — translating to a decline of 1-3% sequentially.
12.07 / 10:01
12.07 / 09:41
Reuters
Booking
Microsoft
Google
Platform
TikTok
Meta Platforms
expansion
Copyright
Google faces lawsuit over copyright infringement, data scraping for AI expansion
OpenAI in June. Clarkson's firm asked the court to allow the plaintiffs to remain anonymous in both cases, citing violent threats reportedly received by individuals filing similar lawsuits The lawsuit filed on Tuesday claims that the company could owe at least $5 billion.
12.07 / 09:41
Provident
Booking
Manufacturing
CEO
Metro
Power
Q4
Sterlite Power got orders worth ₹1,400 crore in Q4 FY23
₹1,400 crore from domestic and international customers in the March ended quarter. The orders were received by its solutions business that caters to products and specialized EPC (engineering, procurement and construction), the company said in a statement. The set of orders, won across domestic and international markets, strengthened the company’s solutions business unit’s order book to ₹5,200 crore during FY23, it added.
12.07 / 09:11
UPS
Lowe's
Booking
NIFTY
fall
Pidilite Ind shares fall 0.84 per cent in Wednesday's trading session
Pidilite Industries Ltd. fell 0.84 per cent to Rs 2613.7 in Wednesday's trade as of 02:04PM (IST) even as the benchmark Nifty ruled at 19454.95, up 15.55 points. The scrip had closed at Rs 2635.9 in the previous session.
12.07 / 08:33
Lowe's
Target
Digital
Booking
UBS
valuations
UBS assumes negative view on cement sector amid rising competition, expensive valuations; downgrades UltraTech, Ambuja
ACC, Ambuja Cement and Dalmia Bharat declined on Wednesday after foreign brokerage firm UBS assumed coverage of India’s cement sector with a negative outlook. Going against the consensus view, UBS has this contrarian negative outlook of cement stocks on the back of rising competition and expensive valuations.
12.07 / 08:15
UPS
Booking
Aware
Action
Fighting
Align
Browser
London Underground
Tube strikes: July dates and lines affected by London Underground walkouts
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12.07 / 06:53
IPO
Booking
Bottomline
sfb
Utkarsh SFB IPO subscription status: Issue sails through within 2 hours; retail portion booked over 3.5x
According to the data from BSE, the investors made bids for 12,27,66,000 equity shares or 1.02 times compared to 12,05,43,477 equity shares on offer for subscription by 12.06 pm. The quota for retail bidders was subscribed 3.79 times, whereas the allocation for non-institutional investors fetched 1.24 times bids. But the portion for qualified institutional bidders was not off the mark yet.
12.07 / 06:05
COST
UPS
Waves
Booking
Software
TCS
Delta
Should you buy the slam dunk in Nazara & Delta? Dipan Mehta answers
Dipan Mehta, Director, Elixir Equities, says “it will be sentimentally negative for Nazara and to an extent, the kind of opportunities which they could have pursued has certainly narrowed down for them. But they won’t be impacted too much by the 28% tax on gaming. Delta however, may be hit really hard.
12.07 / 05:25
Citi
IPO
Booking
Platform
Senco Gold IPO: What GMP signifies after finalisation of share allotment
subscription in total. The public issue was subscribed 16.28 times in the retail category and 190.56 times in the Qualified Institutional Buyers’ (QIB) category. The Non-Institutional Investors’ (NII) portion was booked 68.44 times.
12.07 / 05:25
UPS
BLOCK
Digital
Booking
Intuit
Digi
stake
Life savings at stake: The shocking truth behind using your main bank account for every transaction!
While the adoption of digital payment modes has brought a lot of convenience, they have also made us vulnerable to fraudsters who are coming up with new ways to cheat unsuspecting customers by gaining access to their main bank accounts and wiping off large amounts of money. This is because you use your main account to make every kind of transaction and end up exposing large sums of money to fraudsters.
12.07 / 03:25
Twitter
Booking
Remark
Oppenheimer review: Critics say this might be Christopher Nolan's best film to date
Christopher Nolan's latest film Oppenheimer has won over the critics in the reviews shared on social media websites. Oppenheimer is based the life of the American theoretical physicist J. Robert Oppenheimer and takes inspiration from the 2005 book "American Prometheus" by Kai Bird and Martin J.
12.07 / 01:55
UPS
Booking
Manufacturing
Harley-Davidson
Here's why Rakshit Ranjan is bullish on NBFC sector
«Not yet fully convinced on any specific name that we can talk about but not so much the PSUs. Elsewhere in the sector, there are some possibilities of finding an opportunity here,» says Rakshit Ranjan, Marcellus Investment.Let us begin by talking about the defence space itself. We all know the kind of potential it has, the opportunity size etc but do you really think a) it will materialise and b) is it not priced in already? I think the opportunity is good.
12.07 / 01:55
Booking
Manufacturing
BMW
Mercedes-Benz
Fitch
Audi
Sale of luxury vehicles sees 38% jump YoY in June, much ahead of overall automobile sales growth
According to industry estimates, about 20,000 luxury vehicles were sold between January and June — a 38% jump over 14,500 units sold in the same period a year ago. Strong consumer demand, especially at the top end of the market, and healthy order books across manufacturers will help sustain momentum through the year and push overall volumes past the pre-pandemic peak of 40,000 units in 2018, senior industry executives told ET. Meanwhile, overall passenger vehicle sales rose by about 10% to over 2 million units in the first half of 2023.
12.07 / 01:15
Booking
Waters
Google
Shell
Google Doodle celebrates India's premier street food pani puri
premier street food ‘pani puri’ with a special interactive game Doodle today. In the game, Google will allow users to help a street vendor fulfil pani puri orders by helping them choose from different pani puri flavours in order to match the flavour and quantity preferences of each customer. On this day in 2015, a restaurant in Madhya Pradesh's Indore made it to the Golden Book of World Records for serving 51 unique pani puri flavours to its customers.
11.07 / 22:15
Booking
Caseys
‘Top Chef’ Season 21: Kristen Kish replaces host Padma Lakshmi
Kristen Kish, the winner of Season 10 of Bravo's "Top Chef," has been announced as the new host of the popular cooking competition. She will be replacing Padma Lakshmi, who recently departed after the conclusion of the «world all-stars» Season 20.
11.07 / 20:49
UPS
Booking
Amazon
Parke
Subway
Why Baby Boomers Love the Kindle—and Millennials Don’t
My DAD AND I agree on most things: Bloody Marys are vastly superior to mimosas. On YouTube, “Yoga with Kassandra" beats “Yoga with Adriene." The Yankees over…is there even a question? (This season, maybe.) But we can’t seem to settle one debate: Are e-readers superior to physical books? I, a millennial, can’t get enough of hard copies, while my baby boomer dad is enamored with his Kindle Paperwhite (from $140), which uses a unique no-glare lighting system to replicate a traditional reading experience more closely than a phone or tablet. It’s tough to operate at first, he said, but you soon get the hang of it.
11.07 / 20:25
Booking
Manufacturing
Consumer prices, Beige Book, Fed speakers: 3 things to watch
Investing.com — Stocks rose on optimism about an inflation report for June that could convince the Federal Reserve to come to the end of its interest rate hikes sooner than later.
11.07 / 20:23
UPS
Provident
Target
Digital
Booking
Strategy
L&T Finance's retail-driven growth hinges on execution
Sudipta Roy, will need to focus on the execution of retail strategy, improving collection efficiency and ensuring an uneventful reduction in the wholesale loan book, analysts said. While the company has pivoted towards retail loans and despite its fast growth pace, the overhang of the wholesale book means that the company's assets have been shrinking. This comes even as higher-rated peers Bajaj Finance and Cholamandalam Investment & Finance are growing their loans at 20-30%.
11.07 / 19:17
Provident
Cooper
Booking
Aware
Chase
Discover
Deloitte
Centre
Centre begins inspection into Byju’s financials
NEW DELHI : The ministry of corporate affairs (MCA) has begun an inspection of the books of edtech firm Byju’s as corporate governance concerns mount following the resignation of its auditor as well as three shareholder directors. MCA has begun an inspection of Think and Learn Pvt.
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