Pricing Financial News

Telecom Regulatory Authority of India (Trai) has told the Department of Telecommunications (DoT) to refer to its last year’s recommendations on spectrum auction for bands ranging from 600 MHz to 26 GHz for reserve price and other modalities and it will be only giving fresh recommendations for 37 GHz band, which is a new band to be put on sale for the first time. The regulator further said DoT may put to auction the spectrum in the existing bands ranging from 600 MHz to 26 GHZ without waiting for the authority’s recommendations for the new bands. The DoT on August 2 had asked the regulator to furnish recommendations on reserve price, band plan, block size, quantum of spectrum to be auctioned and other conditions for sale of airwaves in bands ranging from 600 MHz to 26 GHz. Frequencies in 37 GHz band, ranging from 37-37.5 GHz, 37.5-40 GHz and 42.5-43.5 GHz bands were added for the upcoming sale. Based on last year’s reserve price, the airwaves of existing bands are worth over Rs 2.5 lakh crore. Trai has highlighted that in its recommendations dated April 11, 2022, it had factored in the fact that auctions would be conducted on annual basis.

HDFC Securities on Monday launched broking app 'HDFC SKY', providing access to a wide range of investment and trading offerings, including Indian stocks, ETFs, mutual funds, futures and options, currencies among others. HDFC SKY, has introduced a one-price slab of Rs 20 for both intraday and delivery across segments, MTF at 12%, coupled with zero account opening and maintenance charges for the first year. “This ensures that customers benefit from simple and transparent fee structures, making it easier to understand the cost associated with the transactions,” HDFC Securities said in a release The main purpose of the platform is to simplify the complex world of investing, especially when investors face countless options available in the market. “HDFC SKY embodies our commitment to put clients at the forefront, offering a seamless app for investments. With a flat pricing model, we ensure transparency and affordability for all investors.

A new plan from California's insurance commissioner aims to keep the nation's top insurers from leaving the wildfire-prone state

Reliance Jio launched the Jio AirFiber on September 19 weeks after Bharti Airtel's introduction of India's inaugural wireless home. With Jio AirFiber, the company promises to bring an integrated end-to-end solution for home entertainment, smart home services and high-speed broadband, across 8 metro cities. Ambani explained during the 46th AGM that their extensive optical fiber network connects them to over 200 million locations. The Jio AirFiber devices are aimed at providing last-mile connectivity to many parts of India. “Our extensive optical fibre presence puts us in close proximity to over 200 million premises. Yet, providing physical last-mile connectivity is a painstaking process in most parts of our country. This is where Jio AirFiber, our fixed-wireless broadband offering, comes in,” Ambani said at Reliance’s 46th AGM.

Investing.com -- U.S. futures point higher, with markets almost certain that Federal Reserve policymakers will hold interest rates steady following a much-anticipated policy-setting meeting that starts on Tuesday. Elsewhere, Instacart shares are set to begin trading in New York after the online grocery delivery service priced its initial public offering at the top-end of its target range, while the United Auto Workers union warns of further U.S. plant closures if fraught negotiations with three major carmakers show no signs of progress.

Arm's blockbuster initial public offering (IPO) was oversubscribed by 12 times, and could have been priced at $52 per share, above the indicated range of $47 to $51, people familiar with the matter said. But the bankers, who had huddled at the offices of SoftBank's financial advisor Raine Group, argued it was better to leave the additional $1 per share -- equivalent to about $1 billion in value -- on the table. They said doing so could yield a bigger pop when the stock debuts on Nasdaq on Thursday, projecting it could trade between $57 and $62 based on feedback from investors.

SoftBank Group CEO Masayoshi Son was in San Francisco on Wednesday when he joined a call with his bankers in New York to make a final decision about his company's most valuable asset: chip designer Arm Holdings. Arm's blockbuster initial public offering (IPO) was oversubscribed by 12 times, and could have been priced at $52 per share, above the indicated range of $47 to $51, people familiar with the matter said. But the bankers, who had huddled at the offices of SoftBank's financial advisor Raine Group, argued it was better to leave the additional $1 per share — equivalent to about $1 billion in value — on the table. They said doing so could yield a bigger pop when the stock debuts on Nasdaq on Thursday, projecting it could trade between $57 and $62 based on feedback from investors. Son accepted the banks' recommendation, valuing Arm at $54.5 billion on a fully diluted basis. The behind-the-scenes details on the IPO pricing decision are based on interviews with three people familiar with the discussions.

₹79,900, maintaining the same price point as the iPhone 12, launched in October 2020. However, this year, the iPhone 15 Pro models are dearer by ₹5,000, while iPhone 15 Pro Max prices have surged by ₹10,000 across all storage variants. Following the launch, Indian handles on social media platform X highlighted the price disparity of the new iPhone models versus global markets, despite the Made-in-India tag.

Apple won’t be jacking up the price on its faithful iPhone buyers. That could cost it. The world’s largest company by market value updated the key product line of its largest business on Tuesday.

'Active managers as yet have not truly grasped the nettle that the cost of investing in active funds is still too high.'

Investing.com — The release of key U.S. inflation data on Wednesday is in focus, as investors attempt to gauge how the numbers could impact Federal Reserve interest policy decisions. Elsewhere, Apple (NASDAQ:AAPL) unveils incremental changes to its all-important iPhone device, while Arm reportedly gears up to price its initial public offering at the top end of its indicated range.

Arm may price its IPO above the indicated price range and will decide on how much it will sell its shares for on Wednesday, that source and a second person with knowledge of the matter said. The shares are scheduled to start trading in New York on Thursday. Arm was considering publishing a revised price range that would have been higher, reflecting the strong investor demand.

Apple is planning a major event for September 12, 2023, at its Cupertino, California headquarters. The 'Wonderlust' event is set to launch a slew of new items with improved functionality and pricing. This event will undoubtedly showcase the highly anticipated iPhone 15 series, the Apple Watch Series 9, and an updated AirPods Pro.

By Echo Wang and Anirban Sen

'BlackRock believes that tiered pricing represents an appropriate way to share further scale benefits on eligible BFM funds to UK retail investors.'

Honda Cars has officially entered the compact SUV segment with the launch of the Elevate SUV. The all new Honda Elevate comes at a starting price of ₹10,99,900 (ex-showroom). Whereas, the top end variant will be available for ₹16 lakh (ex-showroom).

By Brendan Pierson

Swiggy is working with banking and telecom firms to roll out bundled plans that include Swiggy One subscriptions. The company is also experimenting with different pricing and service tiers for the subscriptions, people in the know of the matter told ET. Buyers of telecom subscriptions and banking products such as credit cards will get Swiggy One as part of their package under a B2B programme called Swiggy One Lite. Swiggy One’s bundling exercise comes after rival Zomato reintroduced its ‘Gold’ subscriptions in January. The latter claimed Zomato Gold had 1.8 million subscribers as of the quarter ended March 2023. Swiggy One’s subscription stands in “the low-single-digit millions”, a person in the know told ET, without giving a specific number.

Transport and logistics group Brambles expects profit growth to slow in 2023-24 as cost-of-living pressures on households mean lower volumes of goods are being transported on pallets to the group’s retailer customers, which are cutting back inventory levels.

Indian stock market experts and investors are eagerly waiting for the 46th AGM (Annual General Meeting) of Reliance Industries Ltd (RIL) as the Sensex heavy weight is expected to unveil its business blueprint for future. According to market experts, after demerger of Jio Financial Services Ltd (JFSL) from RIL, market is expecting some concrete announcement in regard to Future Retail IPO and Reliance Jio IPO.

₹295, recliner seats are limited to ₹350. Likewise, in Andhra, ticket prices are capped at ₹177 and ₹295 respectively. Tamil Nadu has capped the rates at ₹150, which does not include goods and services tax, and local taxes.