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₹426 to ₹448 per share. Innova Captab IPO raised ₹171 crore from anchor investors. The company informed the bourses that it allocated 3,816,963 equity shares at ₹448 per share on Wednesday, December 20, 2023, to anchor investors.

Kalpataru group company has raised ₹525 crore debt facilities from PAG, a global alternative investment firm, for a term of 3.5 years to complete the construction of its 10 residential towers in Mumbai suburb, said people aware of the development. Asia Pragati Strategic Investment Fund, managed by PAG, provided the debt facilities in two tranches in the form of non-convertible debentures (NCD). The funds were raised at an internal rate of return (IRR) of 18.75%, the people said. PAG provided debt facilities to Alder Residency, a wholly owned subsidiary of Abhiruchi Orchards, a wholly owned company of Kalpataru. PAG Asia and Kalpataru did not comment. In November, Asia Pragati Strategic Investment Fund invested ₹475 crore in secured unlisted bonds and another ₹49 crore in secured listed bonds.

The DSS will enable firms to model the operations of a central securities depository and trading venue using distributed ledger technology to accommodate digital assets. The Government launched a consultation in July to assess market feedback on the initiative. This followed a Call for Evidence in 2021 to examine the application of distributed ledger technology for financial financial market infrastructures.

The data revealed in the Parliament on Dec 19 showed that the total unclaimed deposits with banks amount to ₹42,270 crore in fiscal 2023, 28 percent higher than the last year data. 

Bharat Petroleum Corporation Ltd (BPCL), India’s leading oil and gas company, Wednesday said it has received the approval of a polypropylene unit project at its Kochi refinery in Kerala. The company said its board of directors at a meeting on December 19, 2023 approved the investment ₹5,044 crore in setting up a polypropylene production unit at its Kochi refinery to meet rising petrochemical demand in the country.

₹171 crores from anchor investors ahead of its initial public offering that opens for public subscription on Thursday, December 21, 2023. The company informed the bourses that it allocated 3,816,963 equity shares at ₹448 per share on Wednesday, December 20, 2023, to anchor investors. Foreign and Domestic Institutions who participated in the anchor were ICICI Prudential MF, Kotak Mahindra MF, Ashoka White Oak MD, SBI Life Insurance, 360 One MF, Bandhan MF, Canara Robeco MF, Aditya Birla Sun Life Insurance, Edelweiss MF, ITPL-Invesco MF, & others.

How quickly an EV can charge at a public fast-charging station is nearly as important as how much range it has

Hidden inside the foundation of popular artificial intelligence image-generators are thousands of images of child sexual abuse, according to a new report that urges companies to take action to address a harmful flaw in the technology they built

The poinsettia has long been a symbol of the holiday season.

cyber police in Kashmir has registered a case in an alleged multi-crore fraud by Curative Survey Private Limited, a company that has duped hundreds of people across Jammu and Kashmir in lieu of providing sustained monthly income after paying registration fee and participating in online surveys. The cyber police has conducted searches at around six places, seized documents and electronic gadgets in connection with the case and questioned around two dozen people who were associated with the company here. The police have frozen several identified accounts operated by the company and sent teams outside J&K following the money trail and digital footprints of the people associated with the company. The Curative Survey Private Limited is a private limited Non-Government company incorporated in India on 20 July 2023. Its registered office is in Jammu.

Tata Motors on Wednesday said its SUVs Safari and Harrier have become the first recipients of the five-star rating for adult and child occupant protection as per the Bharat New Car Assessment Programme (Bharat-NCAP). Earlier in August this year, the government had launched the Bharat-NCAP, India's very own and independent safety performance evaluation protocol for automobiles.

EOW) of Mumbai Police on Wednesday questioned Shiv Sena (UBT) leader Aaditya Thackeray's friend Punyashali Parekh in connection with an alleged scam in the supply of remdesevir injections during the COVID-19 pandemic to the BMC. Parekh appeared before EOW officials in the afternoon, and was allowed to leave around 6.30 pm, five hours later, after his statement was recorded, said an official.

Investing.com — Oil prices rose Wednesday to two-week highs on increased concerns that geopolitical tensions in the Red Sea will result in disruptions to global crude supply.

industry by storm. Handsets with on-device GenAI capabilities are set to cross 100-million shipments in 2024 and reach 552 million units by 2027, accounting for 40% of the global market, a report by Counterpoint Research has said. “The share of GenAI smartphones in the overall smartphone market will be in single digits through next year.

Sony Pictures Networks has agreed to enter into negotiations to discuss a possible extension of the date to complete the merger deal with Zee Entertainment Enterprises. “The company is in receipt of a communication from CMEPL and BEPL that they will enter into good faith negotiations…with a view to discuss the extension of the date required to make the scheme effective by a reasonable period of time,” Zee Entertainment said in an exchange filing. The deadline to complete the merger announced 2 years back was December 21. CMEPL is an indirect wholly-owned subsidiary of Sony Group Corporation (SGC). BEPL is also an indirect wholly-owned subsidiary of SGC and a part of the SGC Group. Last week, Zee Entertainment had informed that the company has sought an extension from Sony Pictures to complete the merger deal. «SPNI is required to start those conversations but has not yet agreed to a deadline extension,» Sony Pictures had then said in a statement. «We look forward to hearing Zee’s proposals and how they plan to complete the remaining critical closing conditions,» it said. The proposed $10-billion merger of Zee Entertainment and Sony Pictures received regulatory approvals from the Competition Commission of India, bourses NSE and BSE, shareholders and creditors of the company. In August this year, the Mumbai Bench of the National Company Law Tribunal (NCLT) also gave a go-ahead to the merger of Zee Entertainment and Sony Pictures. As per the agreements, Zee Ent’s MD & CEO Punit Goenka has to lead the merger entity.

Selling Sunset realtor Jason Oppenheim, 46, to handle the sale. Despite the property's generous 4,000 square feet, Kanye's renovations have rendered it devoid of windows or electricity. Kanye is currently renovating the property embroiled in a legal dispute. He collaborated with renowned Japanese architect Tadao Ando. The ex-manager, Tony Saxon, alleges wrongful termination, stating he was fired for raising safety concerns during the remodel.

Bahamut Foundation introduces its latest initiative, Bahamut Grants, marking a significant leap towards the journey of Web3 evolution.

BSE, Credo Brands IPO's non-institutional investors (NIIs) portion was subscribed 11.48 times while qualified institutional buyers (QIBs) portion was subscribed 0.35 times. On the first day, the issue was subscribed 1.77 times by 4:25 pm on December 19. The retail portion was booked 2.93 times, NII portion was subscribed 1.43 times and QIB was subscribed over 0.01 times.

Vaishnaw said on Wednesday. «The USBRL project is perhaps the most difficult new railway line project undertaken in the country post-Independence. The terrain passes through young Himalayas, which are full of geological surprises and numerous problems,» Vaishnaw said in a written reply in the Lok Sabha.

University Grants Commission (UGC) Tuesday asked universities and colleges across the country to integrate voter education and electoral literacy in their curricular framework, and evolve a robust mechanism to fulfil the aspirational goal of the Election Commission of India (ECI) of handing over voter IDs to every eligible student, organise mock polls and administer a pledge to vote by students. The UGC wrote to the Vice Chancellors of all Universities and principals of all colleges across the country informing them that a Memorandum of Understanding (MoU) was signed between the Ministry of Education and Election Commission on November 2, 2023 to incorporate voter education and electoral literacy formally into the University/ and College education system to prepare future and new voters for greater electoral participation under the SVEEP programme.

seventh economic census is yet to receive approval from a majority of states for the ministry to finalise nationwide results, according to the ministry. Of the 35 states and UTs participating in the Census, 22 are yet to grant approval. “As regards to results of the 7th Economic Census, 12 States/UTs have not approved the provisional results, and it is pending in 10 States/UTs for decision on approval. Therefore, the nationwide 7th Economic Census results could not be finalised,” Rao Inderjeet Singh, Minister of State (independent charge) of the Ministry of Statistics Planning and Programme Implementation, informed Lok Sabha on Wednesday. He further pointed out that West Bengal was the only state not participating, despite consultation and communications with state government officials. The government last released the sixth economic census in 2016, based on data collected between 2013-14. The data collection for the seventh economic census began in 2019 and took two years to complete owing to Covid.