Lowe's Financial News
06.08 / 13:41
Citi
IPO
Lowe's
Target
Citigroup
India Shelter Finance files for ₹1,800 crore IPO paper with Sebi
Affordable housing finance company India Shelter Finance, which is backed by Westbridge Capital and Nexus Venture Partners, has filed preliminary papers with the capital markets regulator Sebi to raise ₹1,800 crore through an initial public offering (IPO). The IPO comprises a fresh issuance of equity shares worth ₹1,000 crore by the company, and an offer for sale of ₹800 crore by investors Catalyst Trusteeship, Madison India Opportunities IV, MIO Starrock, Nexus Ventures III, and Nexus Opportunity Fund II, the draft red herring prospectus (DRHP) filed on Friday, read.
06.08 / 11:53
Lowe's
Manufacturing
Action
NIFTY
show
Ahead of Market: 10 things that will decide stock action on Monday
Here's how analysts read the market pulse:“Increased concerns over the US economy forced investors to flee in search of safe haven investments, leading to a surge in the dollar index. Nonetheless, the domestic market recovered from the impact of weak global cues, gaining support from positive domestic earnings led by IT and pharma stocks. India's manufacturing activity remained robust, although it marginally moderated for the second consecutive month in July.
06.08 / 10:49
Lowe's
FIVE
Booking
Strategy
performer
Profit of PSU banks more than doubles to Rs 34,774 cr in Q1
Public sector banks (PSBs) have once again posted stellar performance by registering more than double profit of Rs 34,774 crore for the first quarter ended June 2023. During the April-June period of the previous fiscal, all 12 state-owned banks had recorded a total profit of Rs 15,306 crore, according to quarterly numbers published by public sector lenders. The high-interest regime helped banks to earn a good net interest margin (NIM) during the quarter.
06.08 / 10:27
UPS
Lowe's
Racing
Software
country
social
Artificial vs human intelligence: An existential race is underway
In our joint piece in May 2023 (‘How should humans respond to advancing artificial intelligence?’), we explored the power and reach of AI. Still, we expressed concern about its impact on human creativity, decision-making unregulated by human conscience, and the productive utility of human time saved by AI adoption. We also said that human beings were survivors and would probably outlive the predicted AI-doomsday scenarios.
06.08 / 07:45
COST
UPS
Lowe's
AES
RBI may continue to hold rate amid concern over inflation: Experts
RBI Governor-headed six-member Monetary Policy Committee's (MPC) meeting is scheduled on August 8-10. The policy decision will be announced on August 10 by Governor Shaktikanta Das. The borrowing cost, which started rising in May last year, has stabilised with the RBI keeping the repo rate unchanged at 6.5 per cent since February when it was raised from 6.25 per cent.
06.08 / 06:21
COST
Provident
Lowe's
electronic
How Sebi’s new initiative will smoothen issuance of corporate bonds
The latest introduction by SEBI of a simplified process for the primary issuance of bonds by corporates could be quite helpful. Unlike equity issuances, bond issues are more frequent and very time and cost-sensitive. Private placement is the right approach for these kinds of issuances.
06.08 / 06:21
UPS
Waves
Lowe's
Amazon
Remark
Discover
Amazon Great Freedom Festival Sale: Massive reductions on smartwatches and headphones
Amazon Great Freedom Festival Sale! Brace yourself for an unparalleled experience of savings and technology as we unveil massive price reductions on an array ofsmartwatches and headphones, all curated from the most sought-after brands in the industry. Elevate your shopping journey with unbeatable perks, including a tempting 10% instant discount with SBI cards, No Cost EMI options that redefine affordability, and enticing exchange offers for your old devices. What's more, you can enjoy the freedom of pay on delivery, ensuring a seamless and secure shopping experience. Don't miss your chance to indulge in the latest tech trends while unlocking remarkable savings – this sale is your gateway to a world of innovation and economic delight.
06.08 / 05:37
UPS
Lowe's
Aviat
Aware
Highways
24 years on, pilot of IC-814, hijacked from Nepal, reveals how he scared Lahore ATC to get permission to land
Devi Sharan has revealed that he had made a secret plan to scare the Air Traffic Control at Lahore by pretending to crash land the aircraft on a highway. Till date, it was understood that Capt Saran, his co-pilot Rajinder Kumar and flight engineer AK Jaggia had decided to land the aircraft at the Lahore airport against the decision of the Pakistani authorities, and while doing so, they mistook a highway for the runway as lights on the runway were switched off.
06.08 / 04:09
UPS
Lowe's
band
show
performer
Bull horns and Bear ears: Dalmia Bharat, Coforge and Bajaj Finance in focus
midcap, and smallcap have shown strength, while Oil and Gas, Auto, and FMCG have shown weakness. After analyzing the recent performance of the stock, it appears to have reached the lower arm of a rising channel following a decline. This is interesting because it coincides with a horizontal support line and moving average that has acted as support in the past.
05.08 / 15:47
Lowe's
Extreme
Platform
track
country
New Variant
Variant
WHO sounds alarm as Covid-19 new variant ‘Eris’ cases rise sharply in UK
PTI, the sub-variant named EG.5.1 (nicknamed Eris) is spreading quickly in the country. Notably, the variant Eris was recognized only on 31 July after the infections from the virus skyrocketed. The World Health Organisation (WHO) has advised the countries to stay alert and follow the Covid appropriate behaviour.
05.08 / 15:43
UPS
Lowe's
BLOCK
Action
Assurant
NOT
Not easy to sit on Chief Minister’s chair, facing criticism is part of the job: Arunachal Pradesh CM
Arunachal Pradesh Chief Minister Pema Khandu admitted that it is not easy to sit on the chief minister’s chair. He said that facing criticism is part of the job. Khandu asserted that his tenure as political head of the state has witnessed several ‘positives’ barring few ‘ugly instances’ citing the state public service commission paper leakage scam.
05.08 / 13:57
05.08 / 13:57
05.08 / 13:03
UPS
Lowe's
SARS-CoV-2
Inside
social
Stop picking your nose! It can increase risk of Covid, says new study
COVID, according to a study out today. The study was conducted in health workers. This raises two main questions. One, were these health workers washing their hands at work? Two, what does this study mean for the rest of us nose-pickers?
05.08 / 12:05
UPS
Lowe's
Apple
NIFTY
Fitch
show
week
Expect more volatility this week; be stock selective: Aamar Deo Singh, Angel One
While stock markets have discounted the Fitch downgrade, mixed global cues coupled with a spike in crude oil prices post Ukraine’s drone hit on Russian oil installations, could trigger high volatility in coming weeks, says Aamar Deo Singh, Head Advisory at Angel One. Being selective in investments will be key, he adds.What lies ahead for Nifty after falling 0.66% this week on Fitch factor? Is that priced in now? Most of the major global markets closed in the red last week, on the back of the downgrade of the US credit rating to AA+ by Fitch.
05.08 / 11:33
COST
Provident
Lowe's
show
U.S. Stock Market at Odds With Real Economy: Mean Reversion Ahead?
“The stock market is not the economy.”
05.08 / 10:25
Lowe's
FIVE
LinkedIn
Pool
show
performer
Need to Hire Workers in a Hot Job Market? Let Them Do Some Remote Work
unemployment rate fell to 3.5% in July, the Labor Department said Friday. That is just a tick above a half-century low, showing a limited pool from which to hire. Wages grew a historically high 4.4% in July from a year earlier, well above prepandemic rates and another sign of workers’ strong bargaining power.
05.08 / 08:55
COST
Citi
Provident
Lowe's
Action
Mumbai
Mumbai: Strike by drivers of BEST's private bus operators continues on fourth day, commuters hassled
BEST — Mumbai's civic transport utility — over salary hike and other demands entered the fourth day on Saturday with more than 1,000 buses staying off roads, leaving commuters hassled. Of the total 1,671 private buses of the Brihanmumbai Electric Supply and Transport (BEST), 1,077 buses remained stationed at 18 depots, its spokesperson Sunil Vaidya said. The BEST operates buses from 27 depots across the city.
05.08 / 08:37
Lowe's
Ruble
Ruble hits lowest value against USD since early in Ukraine war
The ruble has dropped against the U.S. dollar in trading in Moscow to it lowest level since the first month of the war in Ukraine
05.08 / 08:21
UPS
Lowe's
country
Oil prices
Crude oil prices rise to 3-month high. What’s next?
The Opec-plus countries, which pump almost 40% of the world’s crude, have a broader plan to limit supply into 2024 and prop up global oil prices. In October 2022 and April this year, the production cartel decided to cut output of its member countries to tackle the supply glut and boost prices. Saudi Arabia, the top producer of the Opec cartel unanimously cut its output by another one million barrels per day from July.
05.08 / 08:11
COST
Citi
Lowe's
Parke
film
Yamuna Expressway Authority's scheme for 462 flats sees over 3000 applicants in 24 hrs of its launch: Report
₹4.23 lakh, a report by Navbharat Times has stated. The total number of flats being offered are only 462. The 2 BHK Prime BHS flats is situated in Sector 22D along the renowned Yamuna Expressway.
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