Booking Financial News

Bajaj Finance and Bajaj Finserv the Rs 6,560 crore initial public offering (IPO) of Bajaj Housing Finance will hit the Street on September 9 and has announced a price band of Rs 66-70 for the same. The bids can be made for a minimum quantity of 214 shares and in multiples of 214 thereafter.

The National Financial Reporting Authority (NFRA) has proposed a revision of accounting rule SA600 so that a parent company’s auditor would be held responsible for the work of the auditor of a subsidiary. The idea has met with resistance. The Institute of Chartered Accountants of India (ICAI) has flagged its concern that it could weaken smaller chartered accountancy firms and lead to greater market dominance by a few big ones.

Stocks that were in focus include names like NBCC, which rose 0.42%, Adani Ports, which jumped 0.85%, and Varun Beverages, whose shares gained nearly 1.86% on Monday.

₹1.5 lakh on its popular three-door Thar SUV model, just weeks after the launch of its larger sibling, the five-door Thar Roxx. The move is meant to maintain the sales momentum for the Thar, particularly as potential buyers may be swayed by its overlapping price points with the Thar Roxx, two people aware of the development said.

airlines, hotels and cruises reporting double-digit growth and travellers using their savings, taking on debt or even selling their homes to splurge on bucket list adventures or multiple trips. Now, at least for some travellers, that furious vacation spending is slowing down. While high-income travellers are still booking luxury experiences and jet-setting abroad, other consumers have been cutting back on travel spending to meet the high cost of living. Data from Tourism Economics (on behalf of the US Travel Association, a travel group) shows that the meteoric rise in post-pandemic travel spending that began in 2021 has reached a plateau. In earnings calls this month, top hotel chains such as Hilton and Hyatt reported less demand by leisure travellers for lower-priced brands, while online travel agencies, such as Expedia Group and Booking Holdings, and short-term rental companies such as Airbnb also noted slowdowns.

What do travelers want from an Airbnb right now? Their hosts have an answer: too much. The number of short-term rentals on sites such as Airbnb and Vrbo hit a record high in July, according to AirDNA, a market-research firm. Hosts now have more competition for bookings, while guests have more options.

Mughal ruler Akbar as a magnificent person would be burned. The minister said this to a gathering during an event held at Mohanlal Sukhadia University in Udaipur. All of the class books have been shown to us. The reference to Akbar as a great man has not yet been found in any of the literature. All the literature will be burned if it is present, Dilawar declared. Dilawar believes that comparing Akbar to Maharana Pratap, a legendary Rajput warrior ruler, is an insult to both the latter and Rajasthan.

IPO) of Shree Tirupati Balajee Agro Trading will open for subscription on September 5. The company has fixed a price band of Rs 78-83 for the public offer, which will close on September 9. The IPO includes a Fresh Issue of up to 1.47 crore shares and an offer for sale (OFS) of up to 56.9 lakh shares by Binod Kumar Agarwal.

“Our Iceberg Is Melting: Changing and Succeeding Under Any Conditions” by Holger Rathgeber and John Kotter paints a simple visual story of a group of penguins who are unaware that the iceberg they live on is melting. The story follows the journey of one penguin, Fred, who makes the discovery and then the intricate journey Fred has to undertake to convince his community of penguins that their iceberg is melting and that they need to move their habitat. Central to the story are the motivations of each character in the penguin colony and how Fred and his growing clan of believers help them see the real picture.

Fed rate cut and the US presidential election, global brokerage firm Bernstein has booked profits in Adani Ports, Bharti Airtel and Axis Bank while maintaining large, stable stocks such as REC, SBI Life and D-Mart in its India Model Portfolio’s August update. This year, unexpected election outcomes partly materialized, and concerns about a recession also surfaced, though only to some extent and the markets experienced significant downturns at regular intervals, but thanks to strong domestic institutional investor (DII) inflows and robust retail participation, the Nifty benchmark index has risen by 15% year-to-date.

Bharat Electronics Ltd. fell 1.26 per cent to Rs 295.6 in Monday's trade as of 01:18PM (IST) even as the benchmark Nifty ruled at 25257.2, up 21.3 points. The scrip had closed at Rs 299.4 in the previous session. The stock quoted a 52-week low of Rs 127.0 and a high of Rs 340.35. The company quoted a market-cap of Rs 215930.87 crore on the BSE.

₹300 crore, as per current reports on shareholdings, he is often referred to as the ‘Nawab of Dalal Street.’ Damani is bullish on India and believes the next 20 years will be better than the previous 20 years, for both the country’s economy and stock markets. In a recent media interview, Damani said he is not a large-cap or small-cap investor, that he is agnostic to the market capitalisation of stocks. But he always wants to buy value.

Vedanta Ltd. fell 1.16 per cent to Rs 462.8 in Monday's session as of 01:29PM (IST) even as the equity benchmark Sensex traded 109.58 points higher at 82475.35. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 506.85 and a 52-week low of Rs 207.85 on NSE. Around 294664 shares changed hands on the counter till 01:29PM (IST).

Raamdeo Agrawal, Chairman & Co-Founder, Motilal Oswal Group, says there is no quick and easy money in the market. There is a very patient money and there are tonnes of it. But it is not quick money. If you want to turn your Rs 1 crore into Rs 10 crore in 10 years, it is possible. But if you want to turn Rs 1 crore to Rs 2 crore in the next year, that is very tough. You might even lose your 1 crore. Buffett has given a template to the world. Buy a good business run by a decent manager at a fair price. Let us take Raamdeo Agrawal’s portfolio versus Rakesh Jhunjhunwala’s portfolio versus Nemish Shah's portfolio versus Prashant Jain’s portfolio – the big investors. All of them endorse Buffett’s philosophy. But there is nothing in common as far as selection of stocks is concerned. Raamdeo Agrawal: Of course. There are so many good companies. So, everybody approaches good stock portfolios. If there are 100 good stocks, some 20-25 will go to Rakesh, another 25 will go to Nemish bhai, and some 15-20 will come to me or like that. It will get distributed. Some overlap is always there.

«Defence as a segment, whether you take any other country companies, Lockheed Martin in the US, etc, their order book despite being mature countries grow very fast. So, there is a trading positional investment opportunity in, let us say, Bharat Electronics or HAL, but valuations are still rich,» says Chakri Lokapriya, Managing Partner, RSB LLP. What the outlook is on some of these defence stocks, given the fact that they are a buzz in today's trade, what is it that catches your eye within the sector? Chakri Lokapriya: The defence stocks, as we know, have corrected in the last month or so. The outlook remains strong, as the order book for these companies is never in question for the next three to five years. What was in question is the valuation and the ability to sustain the momentum of the order book, which I think the second question is easier to answer, which is the order book momentum will continue. Defence as a segment, whether you take any other country companies, Lockheed Martin in the US, etc, their order book despite being mature countries grow very fast. So, there is a trading positional investment opportunity in, let us say, Bharat Electronics or HAL, but valuations are still rich.

«They are still at about 20 times FY26 earnings at the index level. So, I would not call it that this valuation is so far stretched that there are no opportunities. At the same time, are the valuations at a level that you can say with a lot of certainty that anything you buy will make you money? I do not think we are there also,» says Abhay Agarwal, Piper Serica. Given the fact that we are hitting fresh record high now on the markets once again, do you believe that the market valuations is now looking a bit stretched or do you think that it is not that expensive yet? Abhay Agarwal: If we look at by traditional standards, the valuations are definitely on the higher side. I do not think the valuations or the index, when we look at valuation, we typically talk about the valuation of the Nifty Index stocks, the 50 stocks. So, they are not in the exorbitant range yet.

artificial intelligence (AI), GitHub chief executive Thomas Dohmke said. Dohmke told the ET World Leaders Forum that tens of millions of developers in India are creating the digital public infrastructure of the future, fueling economic growth. GitHub is a developer platform that allows developers to create, store, manage and share their code. The company was acquired by Microsoft in 2018. «Developers drive GDP growth and technological progress to the tune of trillions of US dollars. And the opportunity goes further because software developers are adopting AI faster than any other sector of the global workforce,» Dohmke said.

Localisation and customer service are key to success in any market, Agoda chief executive Omri Morgenshtern said. «Deep local merchandising or localisation is what we do when we go to any market. Every market you go to, you have two problems: problem number one is trust… nobody knows you and, as a result, they don't trust your service,» he said. «Problem number two is customer education in a B2C (business-to-consumer) business. Educating customers about something that they are not used to doing is horrible, super painful, costly… slower adoption. What you want to do is bring yourself, as much as you can, to look and behave like a local brand. Don't educate people… slowly, start being a local.»

Sudha Murthy on Sunday said although she has read a book set in Parliament way back in the 1980s, about Shyama Prasad Mukherjee, since so much has changed about India and the Parliament since then, that she would not mind writing about it. «Although, I have to finish my term as a Rajya Sabha member first, before I could attempt to do that,» said Murthy on Sunday. Murthy was in conversation with fellow author and actor Twinkle Khanna, at the celebration of the launch of her 300th book title — and 46th book — 'Grandpa's Bag of Stories' here. The event was organised by Bengaluru-based Lit Spirit Foundation. But in her immediate list of wishes is a book on 'shlokas' that her grandfather used to recite, she said.

Pawan Khera said on Sunday that the collapse of Chhatrapati Shivaji Maharaj's statue in Maharashtra's Sindhudurg district has broken the hearts of people in the country who draw inspiration from the legendary warrior king. Addressing a press conference here, Khera accused Deputy Chief Minister Devendra Fadnavis of spreading fake narratives over the incident. «The Mughals did not succeed in breaking Chhatrapati Shivaji Maharaj. But this corrupt government has done what Mughals could never do,» he said. Hitting out at Fadnavis for claiming that late prime minister Pandit Jawaharlal Nehru had shown Shivaji Maharaj in a «poor light» in his book 'The Discovery of India', Khera said the BJP leader should stop spreading fake narratives.

Anoop Dhanak, Ram Kumar Gautam and Jogi Ram Sihag, who quit the party recently, joined the BJP on Sunday giving the ruling party in Haryana a boost ahead of the October 5 Assembly bypoll. The three leaders along with Ambala Mayor Shakti Rani Sharma were welcomed into the BJP fold by Chief Minister Nayab Singh Saini, the party's state unit chief Mohan Lal Badoli and its Haryana affairs co-incharge Biplab Kumar Deb at a rally in Jind. Sharma is the wife of Haryana Janchetna Party chief and former Union Minister Venod Sharma. Her son and Independent Rajya Sabha member Kartikeya Sharma was also present at the Jind event. Dhanak, Gautam and Sihag were Jannayak Janta Party (JJP) MLAs when they abandoned the party.