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Punjab National Bank (PNB), one of India's major state-run lenders, is set to complete a significant share sale to institutional investors within the next six months, Chief Executive Officer Atul Kumar Goel has said. The move is part of an effort to bolster the bank's capital reserves, Goel told Reuters in an interview. In December, the bank's board approved a plan to raise 75 billion rupees (approximately $898 million) through equity capital.

Live Law, quoting apex court. The apex court has asked Delhi CM to surrender and go back to jail on June 2. The Enforcement Directorate (ED) opposed the bail on ground of electioneering, and said that no such precedents available.

Stock market today: Polycab India's share price witnessed strong buying interest on Friday after the company announced its Q4 results for 2024. Beating the street estimates, Polycab India Ltd reported the highest-ever yearly and quarterly revenue and profitability in its fourth quarter results for the financial year 2023-24. This positive financial performance, coupled with the company's strong market position and growth prospects, sparked buying in the Polycab share price.

Also Read | Accel and Fireside will no longer invest in online-only D2C brands in India A spokesperson for the Tata Group-operated airline, which typically runs approximately 380 flights daily, said that normal operations are expected to resume within the next couple of days. The return of the cabin crew has been facilitated by the airline’s support in obtaining the necessary fitness certificates required for them to resume duties.

Also Read: PM Modi's outreach to Vladimir Putin helped avert ‘potential nuclear attack’ on Ukraine in 2022: Report “Most of the countries have taken a stand. We are the only one whose position is very clear. We are not on anyone's side, we are in favour of peace.

Duolingo says its investment in artificial intelligence is paying off after the language-learning app posted a 54% surge from last year in first-quarter paid subscribers to 7.4 million. The company, which reported a 45% increase in first-quarter revenue to $167.6 million, said generative AI has accelerated its subscription growth and enabled faster content creation. The technology has enabled the company to boost its outlook while other online learning companies report sales declines for the quarter.

₹68,500 per 10gms, targeting an initial upside of ₹74,000 per 10gms, followed by ₹78,000 per 10gms levels. Conversely, a decisive break below the previous swing low of ₹65,200 per 10gms could disrupt the trend, potentially leading gold to retest the ₹63,300-Rs.63,800 per 10gms range, it predicted. Following a robust performance last year, gold has been persistently climbing upward, registering an approximate 12.50 percent gain on domestic exchanges thus far.

We, Indians, hold our traditions and cultural beliefs very close to our hearts, finding significance in the rituals that shape our lives. The auspicious festival of Akshaya Tritiya, falling on the third day of the Hindu month of Vaishakha, carries a sacred message of prosperity and success. Hence, purchasing gold on this day is considered to bring good returns in the long run. Traditionally associated with gold purchases, this festival has evolved into a day for forward-thinking investments.

In its monthly investment report, the £993.1m trust said its overall commodity position had positively driven the trust's returns for April, noting the move into silver it had made in the previous month was the single biggest contributor to returns. The trust's net asset value was up 0.6% for the period and now sits at £287.9m, according to data from the Association of Investment Companies. 'The worst 12 calendar months in the history of Ruffer Investment Company' Its share price was up 2.6% for the month, a boost to the flatlined year-to-date growth, according to the report. Ov...

Aadhar Housing Finance IPO day 3: GMP, subscription status to review. Apply or not? If you have applied for the Refractory Shapes IPO, you can do a Refractory Shapes IPO allotment status check immediately on the website of the IPO registrar, Bigshare Services Pvt Ltd - https://ipo.bigshareonline.com/ipo_status.html Meanwhile, as per media reports, shares of Refractory Shapes will debut on NSE SME on Tuesday, May 14, 2024. Also Read: Finelistings Technologies IPO allotment to be finalised today; latest GMP, 4 steps to check status Follow the below four steps to check the share allotment status Enter your login information directly Bigshare link — https://ipo.bigshareonline.com/ipo_status.html - Refractory Shapes IPO allotment link Select "Refractory Shapes IPO" from the list of companies.

Bharat Electronics Ltd. traded 0.68 per cent higher in Friday's session at 12:43PM (IST). The stock opened at Rs 227.5 and has touched an intraday high and low of Rs 228.5 and Rs 223.15, respectively, during the session so far. The stock quoted a 52-week high of Rs 241.5 and a 52-week low of 105.75. About 1,192,559 shares changed hands on the counter so far.

Chakri Lokapriya, Managing Partner, RSB LLP, says if you look at the bearing companies, this quarter, they are all reporting like 30-40% revenue growth, 30-40% EPS growth and trading at about 25-30 times. So, this as a segment will continue the earnings growth and stock performance for the next two-three years easily.” Coming to the FMCG space, given that we have seen these stocks will be in the spotlight on the back of the earnings, a lot of brokerages are talking about how the companies are losing the growth fervour and that there is a little bit of competition when it comes to pricing, the path to the consumer, etc. Are you worried about the long-term track record? Chakri Lokapriya: Marico's results showed that their volumes grew in line, slightly better than expectations.

Justin Bieber crooned ‘Baby, Baby, Baby Ooh’ to the top of the music charts. Today, the singing sensation is on the way to having a real baby of his own! Bieber and his wife Hailey Baldwin are expecting their first child. According to a TMZ report, Baldwin is six months pregnant. The couple took to Baldwin’s Instagram handle to break the good news to fans! They shared a sweet video as well as pictures from a professional photo shoot where they seemed to renew their vows! Baldwin looked ethereal in a flowing white dress and proudly showed off her baby bump. According to a press release produced by fashion giant Yves Saint Laurent, the vow renewal ceremony took place in Hawaii.

PTI reported. Tarun Kothari, a radiologist and activist, criticized the government's approach at the presser, and said, "The government has wholly ignored the rising number of cases of tragic deaths post-Covid vaccination all the while and continues to promote Covid vaccines as 'safe and effective', without scientific investigation and invoking epidemiology," he said, as quoted by PTI.

Bharat Forge, Lemon Tree Hotels and Tata Communications releasing their entire pledged holdings. According to a report by Kotak Institutional Equities, the pledged holdings of BSE-500 stocks shows that the value of the promoter pledged holding as a percentage of the promoter holding declined to 1.10% in the March 2024 quarter from 1.17% in the December 2023 quarter.

Also Read: Video of BJP leader's minor son casting vote in Bhopal goes viral; Congress says 'turning EC into a child's plaything' The determination of the young kid despite hardships drew the attention of business tycoon Anand Mahindra, Aam Aadmi Party (AAP) MLA Jarnail Singh, and Bharatiya Janata Party leader Rajiv Babbar. Kapoor is the latest addition to the list. Also Read: Viral video shows Dolphin spotted off Mumbai coast; Netizens joke, ‘hope no builder sees this, otherwise…’ According to news agency PTI, Kapoor shared a news report about Jaspreet on his Instagram Story.

Tomorrow's IPL Match: Kolkata Knight Riders (KKR) will play against Mumbai Indians (MI) on May 11 at the Eden Gardens in Kolkata. KKR, having won eight out of 11 matches, are leading the points table. Kolkata have won four out of their last five matches.

Mint. “Investors are looking to fund companies and entrepreneurs who are willing to be not only just digital D2C but omnichannel." There are currently about 10,000 D2C brands in India. Buying behaviour changed during covid, and in 2021 about 100 Indian D2C companies raised more than $2.1 billion dollars.

ALSO READ: UK appoints its first woman high commissioner to India MAC stands for migration advisory committee that is tasked with the job of reviewing post study work visas. This visa, if axed, will deprive international students from India, and elsewhere, of continuing to stay in the UK after their studies have finished. So, this is likely to have a far-reaching impact.

BPCL jumped 5% to Rs 621.8 in Friday's trade on BSE despite the firm posted a 35% drop in its standalone net profit at Rs 4,224 crore in the quarter ended March 2024, compared with Rs 6,478 crore in the last-year period. Meanwhile, its revenue from operations during the March quarter fell marginally to Rs 1.32 lakh crore as against Rs 1.33 lakh crore posted in the same quarter of the previous fiscal.

Bharat Forge Ltd. traded 0.28 per cent higher in Friday's session at 11:21AM (IST). The stock opened at Rs 1421.65 and has touched an intraday high and low of Rs 1437.05 and Rs 1413.25, respectively, during the session so far. The stock quoted a 52-week high of Rs 1463.3 and a 52-week low of 753.1. About 28,289 shares changed hands on the counter so far.