Stage Financial News

Aditya Birla Group (ABG) chairman Kumar Mangalam Birla said Vodafone Idea (Vi) is a national asset, and the successful conclusion of its Rs 18,000 crore follow-on public offer (FPO), India’s largest, marks one such turning point for the telecom industry. “Vi is not just a telecom company. It’s a national asset with 215 million users and about 8000 MHz spectrum. That so many marquee investors participated in this equity issuance is a testament to the government’s vision of a digital India,” Birla said in an official statement following Vi’s FPO listing on the NSE Thursday. He added that the emphatic oversubscription of Vi’s FPO, with the overall book being subscribed 7 times and the institutional book being subscribed 19 times, demonstrates the tremendous potential of the India digital story and Vi’s role in it. “The robust engagement from both foreign and domestic investors is heartening. Notably, the full subscription of the retail portion is truly commendable, given the sheer scale of the offer.”

“We believe that each bull run brings forth new leaders due to significant shifts at the company, industry, national, or geopolitical level,” says Anirudh Garg, Partner & Head Research, INVasset PMS. In an interview with ETMarkets, Garg said: “Early in the cycle, we identified that the most significant changes were happening in the Capex and Capex-oriented sectors, and public sector enterprises,” Edited excerpts: Invasset PMS has garnered retention for its impressive performance in the financial year 24, standing out as a top performer. Could you share with us strategies or decisions that led to the success? Anirudh Garg: At Invasset PMS, our approach to the markets is fundamentally quantitative. For most of this financial year, we were in what we call our 'Stage Two — Growth Stage'.

Known as the Chronic Wasting Disease, this fatal disease affects animals like deer, moose, elk and reindeer, and is highly contagious causing starvation and even death.

Coinbase, the U.S.’s largest crypto exchange, is reportedly launching a $15 million TV commercials across four channels airing NBA playoffs.

web3 arena, has completed the initial phase of its fundraising, securing $500,000 by distributing 10 million $NFTFN tokens at $0.025 each over ten days. The initiative has now progressed to its second phase, where it aims to distribute an additional 25 million tokens at $0.030 each, due to the enthusiastic reception from the initial phase. Abhishek Kumar, Co-founder & CMO of NFTFN, reflected on the success, said, «The completion of our first phase not only signifies a strong start but also reinforces our commitment to democratizing access to the NFT market. We are overwhelmed by the community's support and look forward to continuing our momentum in the second phase.»

Ethereum Classic and Litecoin are two top cryptos that have grabbed attention in the market and are still favored by investors. Ethereum Classic works on a decentralized network and handles smart contracts, while Litecoin is a digital currency for online transactions.  The market cap of Ethereum Classic is currently at $4 billion, whereas Litecoin stands at $6 billion. However, there’s a notable difference in their prices: Ethereum Classic is priced at $28 per unit, whereas Litecoin is at $84.65.

Employees of the company tasked with rapidly personalizing jerseys for each first-round NFL draft pick as they are announced don’t need to travel very far for this year’s player selections in Detroit

Vodafone Idea (Vi) surged nearly 12% on BSE on Tuesday, a day after successfully closing its ₹18,000 crore follow-on public offer (FPO), lifting investor hopes of the cash-strapped telecom company. The FPO is expected to be followed by a ₹25,000 crore debt issue, helping achieve Vi's targeted ₹45,000 crore fundraising drive aimed at regaining financial health and bolstering competition with bigger and profitable rivals Reliance Jio and Bharti Airtel.

loan fraud at one of its branches in the Northeast, sending shares of the non-bank lender nearly 8% lower. According to the company, the fraud involved the forgery of KYC (know your customer) documents to embezzle company funds.

Mahindra Finance on Tuesday said it has detected about Rs 150 crore fraud in its retail vehicle loan portfolio in one of the company's branches and deferred its board meeting to approve the financial results for 2023-24. Mahindra & Mahindra Financial Services board was scheduled to meet on Tuesday to approve the financial results for the March quarter and 2023-24. In a regulatory filing, the company said a new date for the board meeting will be informed later. Mahindra Finance said during the end of the fourth quarter of the financial year ended March 31, 2024, a fraud was detected at one of the company's branches in the northeast.

Location: Growth Hackers, 8th Floor, Brigade Metropolis, Garudachar Palya, Mahadevapura, Bengaluru, Karnataka 560048. Email: [email protected] Website: https://growthhackers.digital/ Foxymoron is a full-service digital advertising agency that is part of the Zoo Media network. It provides solutions for building future-ready brands on digital platforms through the integration of content, technology and media.

As volatility in markets likely to be high because of geopolitical tensions, investors with lumpsum should consider systematic transfer plans (STPs) in mutual funds for higher returns. They can stagger investments from a debt-oriented scheme like a liquid fund to an equity fund with the same fund house.

As Bitcoin price hovers around $66,400, witnessing a minor dip of 0.50%, market participants are keenly observing its next moves. Amidst fluctuating market conditions, a pivotal aspect to consider is the potential impact of a proposed 30% excise tax on U.S. Bitcoin mining, which could reshape the industry landscape.

Flipkart Ventures, the investment arm of e-commerce major Flipkart, on Monday invited applications for its accelerator programme. As part of the Flipkart Leap Ahead (FLA) programme, selected startups will receive equity investments between USD 200,000 and USD 500,000, according to a statement. Announcing the third cohort of FLA, the firm said the programme aims to accelerate the growth journey of early-stage startups. Applications for the programme will be open from April 22 to May 26.

FBI: Most Wanted" approaches, fans are eagerly anticipating a major life event for one of the beloved characters. While speculations are rife about potential nuptials, the spotlight falls on Ray (played by Edwin Hodge) as he prepares to tie the knot with Cora (portrayed by Caroline Harris).

A $12 billion high-speed passenger train line between Las Vegas and the Los Angeles area has started construction

Halifax Shopping Centre parking lot, and later died in hospital.Police say officers were called to 7001 Mumford Road just after 5 p.m. Monday.“Officers located a male youth who was taken to hospital where he died as a result of his injuries,” police said in a news release on Monday night.“Officers arrested two suspects at approximately 5:25 p.m.

Gaswizard, the long-awaited solution to the age-old challenges faced by drivers worldwide, has finally arrived. With its highly anticipated launch, Gaswizard introduces a new chapter in the story of mobility—a chapter defined by innovation, efficiency, and empowerment. As Gaswizard steps onto the global stage, it marks the beginning of a transformative journey towards a future where mobility is seamless, sustainable, and accessible to all.

Gukesh scripted history by winning the Candidates Chess Tournament here to become the youngest ever challenger to the world title, bettering a record created by the legendary Garry Kasparov 40 years ago. Gukesh played out an easy draw with American Hikaru Nakamura in the 14th and final round to finish with nine out of a possible 14 points in the tournament that is held to decide the challenger to the world champion. The triumph entitles Gukesh a clash against reigning world champion Ding Liren of China in the last quarter of the year. The Chennai-based teen bettered Kasparov's record by quite a distance as the Russian great was 22 when he qualified in 1984 to clash with compatriot Anatoly Karpov.

MUMBAI : The BSE SME IPO index scaled a record high of 63,751.82 points early Tuesday, lifting its market capitalization to ₹1.52 trillion and marking a significant resurgence from the slump witnessed in March. The BSE SME IPO index had plunged 11.2% after Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India, raised concerns regarding the stretched valuations of smallcap and midcap stocks. Market experts warned that investors should not get caught up in the exuberance of the stock market.

PBKS vs GT IPL 2024: Is Sam Curran in Punjab Kings playing as a batter or a bowler? Check Virender Sehwag’s epic reply The Faf du Plessis-led side have had a poor run of form this season, losing 7 of their 8 matches so far and sitting at the bottom of the IPL points table. On paper, RCB have not been ruled out of the playoffs as they still have 6 games to play and winning all of them would give them 14 points.