Booking Financial News

Siemens Ltd. traded at Rs 7017.85 on BSE at 01:24PM (IST) on Tuesday, up 1.34 per cent. The stock quoted a 52-week low price of Rs 3248.0 and a high of Rs 7974.25. Earlier in the day, the stock saw a gap down opening.

Mint recently. Niyo launched visa applications and flight bookings on its platform earlier this week. The company plans to offer hotel bookings and experiences by the end of September, Bagri said.

Interarch Building Products has announced a price band of Rs 850-900 for its upcoming Rs 1,186.11 crore initial public offering (IPO), which will open on August 19 and close on August 21. The IPO consists of a fresh issue of shares worth Rs 200 crore and an offer for sale (OFS) of up to 44.48 lakh with a face value of Rs 10 each share. At the upper price band of Rs 900, the OFS would be worth about Rs 400.28 crore.

Earn up to 7.9% FD rate: 5 banks revise fixed deposit interest rates in August 2024

ACC Ltd. traded 0.49 per cent up at Rs 2326.0 on Tuesday at around 10:30AM (IST), while the benchmark BSE Sensex declined 154.77 points to 79494.15. As many as 11,820 shares changed hands on the counter with a total value of Rs 2.76 crore.

Krishnamurthy V Subramanian, Executive Director of the International Monetary Fund (IMF) said on Monday. In an interactive session during the launch of his book 'India @100' at Indian School of Business (ISB) here, Subramanian said becoming a USD 55 trillion economy by 2074 may appear audacious, but it is achievable. He also said India's private credit to GDP ratio was 58 per cent in 2020, six decades behind the advanced economies which are now at 200 per cent, though there is phenomenal work being done in terms of financial inclusion through schemes like 'Pradhan Mantri Jan-Dhan Yojana'. «So in other words...while this of course appears to be audacious, it is the power of compounding that makes it happen. As long as we are able to register 8% growth, we can actually become a $55 trillion economy,» the former chief economic advisor said when asked why he thinks India has the potential to be a USD 55 trillion economy by 2047.

Bengaluru recently took to social media to highlight the plight of international travelers from India when their tickets are arbitrarily canceled by airlines. According to the woman, she had recently booked a Delhi-San Francisco flight, but Air India canceled it without notice and offered passengers the option to fly on a different date. When passengers objected, they were offered seats on an alternate flight with a 10-hour layover. The woman claimed that Air India refused to provide the passengers with tickets for a flight departing directly from Bengaluru.

Indian Railway and National Capital Region Transport Corporation (NCRTC) have collaborated to promote the 'One India — One Ticket' initiative, enhancing the travel experience for passengers on main line railway and Namo Bharat trains, a statement said on Monday. This collaboration aims to provide a seamless travel solution, making it easier for passengers to book and travel using both the Indian Railways and the RRTS services, it said. After booking an IRCTC train e-ticket, users can now opt to book a Namo Bharat train tickets for up to eight travellers per booking as an add-on service. The RRTS booking option will be displayed on the PNR confirmation page and will also be accessible from the user's train ticket booking history, the statement said. A unique QR code will be generated for each RRTS ticket and conveniently printed on the electronic reservation slip (ERS), it said.

SpiceJet seems to be mounting as its engine lessors — Team France 01 SAS and Sunbird France 02 SAS — on Monday rejected its promoter Ajay Singh’s offer to pledge his personal shares, equivalent to the outstanding dues of $2.5 million, towards discharge of the airline’s liability. Senior counsel, Sandeep Sethi, appearing for Spicejet, told the Delhi High Court that Singh is willing to pledge his unencumbered shares towards discharge of the airline’s liability with the HC and the same can be encashed if it failed to pay till September 30. “We are not putting any conditions. The court can pass orders for immediate release if we don’t pay between now and September 30,” he argued. However, the lessors rejected the offer, saying they don’t want “pledge of shares of a company whose existence is shaky…The pledge is not acceptable. We have given them a long leash. We want our engines back. And we have been asking for disclosure of Singh’s assets since January,” senior counsel Raj Shekar Rao told a Bench of Justice Manmeet Pritam Singh Arora.

Shares of Inox Wind zoomed to lock at an upper circuit of 20% to its fresh all-time high of Rs 209 after the company posted a profit of Rs 50 crore in the June quarter against a loss of Rs 65 crore in the corresponding quarter of the last year. The company's consolidated revenue rose 85% YoY and 16% QoQ to Rs 651 crore for the quarter ended June 2024. The consolidated EBITDA stood at Rs 157 crore for the said period, which is up by 349% YoY.

ACC Ltd. traded at Rs 2327.4 on BSE at 01:59PM (IST) on Monday, down 0.99 per cent. The stock quoted a 52-week low price of Rs 1803.8 and a high of Rs 2843.0. Earlier in the day, the stock saw a gap down opening.

₹1 crore, an employee pays about ₹30 lakh tax. This 30% tax outgo is under the new tax regime and includes a 10% surcharge and 4% cess. The employee can save some tax by opting for the old regime if he can make tax-saving investments and has expenses of at least ₹4.84 lakh.

Saraswati Saree Depot, which opened for subscription earlier today, sailed through within hours of opening. The subscription for the IPO, which closes on August 14, stood at 2.46 times so far on Day 1. The issue was fully subscribed in all the categories, but retail and non-institutional investors led the bidding. The retail portion of the IPO was booked 3.34 times and the NII part was subscribed 5.06 times.

Union Minister Giriraj Singh on Monday said Hindenburg Research has defamed the country in alliance with Congress and the «strictest action» will be taken against the US short-seller. Hindenburg on Saturday launched a broadside against markets regulator Sebi chairperson Madhabi Buch, alleging she and her husband Dhaval had stakes in obscure offshore funds used in the alleged Adani money siphoning scandal. The duo has denied the allegations as baseless and asserted their finances are an open book. The Adani Group termed the latest allegations malicious and based on manipulation of select public information. The company said it has no commercial relationship with the Sebi chairperson or her husband.

«Our maps feature 3D junction views and many other attributes that are hard to replicate or compete with. Of course, people will try, and everyone is welcome to compete fairly, but it is quite challenging.,» says Rohan Verma, CEO & MD, MapMyIndia. Before discussing the earnings and other details, I wanted to get a sense from you about the competition, as you’ve been quite vocal about it. Ola is also a listed player, so I'm trying to understand better what unique selling proposition (USP) you offer and what the moat is for companies trying to catch up in this technology. Rohan Verma: Mapping is a serious business and building it is not at all easy.

Voltas on Monday posted a 160% year-on-year (YoY) jump in consolidated net profit to Rs 335 crore for the June quarter of FY25. It had clocked Rs 129 crore profit in the year-ago period. The company's income from operations increased 47% YoY to Rs 4,904 crore versus Rs 3,335 crore in the corresponding period of the preceding fiscal.

Voltas Ltd reported 58% year-on-year (yoy) jump in standalone net profit at Rs 339.14 crore for the first quarter ending June, on back of a 45% yoy growth in revenue from operations at Rs 3920.26 crore. In the AC business which is the unitary cooling products business of the company, segment revenue shot up by 51% YoY to Rs 3,802.17 crore for the quarter under review. The segment profitability of this business improved by 58% YoY to Rs 327.02 crore last quarter. The country’s largest AC brand said it sold a record one million units of AC last quarter with overall volume growth of 67% YoY.

ICICI Lombard General Insurance Company Ltd. rose 0.27 per cent to Rs 1971.4 in Monday's trade as of 10:46AM (IST) even as the benchmark Nifty ruled at 24351.05, down 16.46 points. The scrip had closed at Rs 1965.95 in the previous session. The stock quoted a 52-week low of Rs 1266.0 and a high of Rs 2032.0. The company quoted a market-cap of Rs 97773.86 crore on the BSE.

Ola Electric today surged 11% to its fresh high of Rs 101.29 on BSE on the second day after its listing on the stock exchanges. Ola Electric was listed on Friday, August 9 disappointing investors as it got listed at par with the issue price of Rs 76. However, later during the day, the stock surged 20% to hit an upper circuit high of Rs 91.20 on NSE.

Avenue Supermarts Ltd. traded at Rs 5004.0 on BSE at 10:25AM (IST) on Monday, up 0.31 per cent. The stock quoted a 52-week low price of Rs 3493.05 and a high of Rs 5220.0. Earlier in the day, the stock saw a gap up opening.

Apart from global factors, expensive valuations, especially in the mid-cap and small-cap segments, and the tepid June quarter earnings performance of corporate India are contributing to the rising volatility. The TTM (trailing twelve months) PE of Nifty Midcap 100 and Nifty Smallcap 250 indices is trading at a premium of 28.5% and 35%, respectively, relative to their five-year average, according to the data compiled from Trendlyne. Research by Capitalmind Financial Services indicates a higher probability of correction in the BSE Smallcap 250 index if earnings don’t catch up. “The PE multiple of BSE Smallcap 250 has expanded by 63%, whereas EPS is flat at -3 %. This expansion is mostly due to the price increase. The continued flat trajectory in the earnings could escalate to a high probability of price correction,” states the study. The study is based on one-year data ending 11 July 2024.