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The company allocated 21 lakh equity shares at Rs 100 per share to anchor investors. PGIM India Fund, BOFA Securities and Negen Undiscovered Value Fund among others were the buyers. The IPO is completely a fresh issue of 1 crore shares.

New JN.1 variant: Symptoms and precautions He underlined that “due to consistent and collaborative actions between Centre and state governments, we have been able to sustain the trajectory at sustainable low rates". The ministry has listed some strategies for Covid control.

₹280 per share on Monday, December 18, 2023, to anchor investors. Foreign and Domestic long-only Institutions who participated in the anchor were Nippon Mutual Fund, HSBC Mutual Fund, Aditya Birla Sunlife Insurance, Kotak Mahindra Life Insurance, Bajaj Allianz Life Insurance, Integrated Core Strategies (Asia), Morgan Stanley Asia, SBI General Insurance, JM Mutual Fund, Subhkam Ventures, Reliance General Insurance. Out of the total allocation of 58,90,488 equity shares to the anchor investors, 24,99,167 equity shares were allocated to domestic mutual funds through a total of 3 schemes amounting to ₹70 crore i.e.

Colliers India has elevated Arpit Mehrotra as Managing Director, Office Services for India. Mehrotra, who presently serves as the Managing Director, South India has expertise in office transactions, lease negotiations and tenant representation.

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A former Freshfields Bruckhaus Deringer lawyer who advised top investment banks on how to navigate the “Cum-Ex” trading strategy at the center of Europe’s biggest tax scandal admitted that he turned a blind eye to clients’ activities, saying he “totally failed” in his role as an attorney.

United States Steel Corporation (NYSE:X), commonly known as U.S. Steel, is being acquired by Nippon Steel, the two companies confirmed today.

ATB Capital Markets received a mandate to sell the remaining assets of Canadian hedge fund Traynor Ridge Capital Inc., which collapsed after the sudden death of its founder.

Hero MotoCorp share price gained more than 1% during the intraday trades to scale fresh 52-week highs on Monday. The stock has given stellar returns of 28% since start of November as the festival season sales boosted investor confidence. Not only the channel inventory got reduced, the pickup in entry levels motorcycle sales and some uptick seen in rural demand has lifted investor confidence.

The Assets under Management (AUM) of sectoral/thematic funds have increased by 30% to ₹2.18 lakh crore in October 2023 from ₹ 1.68 lakh crore in October 2022.

Lalu Prasad on Monday bristled at the BJP's assertion that Prime Minister Narendra Modi will return for a third consecutive term, asserting that the INDIA alliance will «drive him out of power». Prasad was approached with queries by journalists at the airport, where he had reached, alongside son and Bihar Deputy Chief Minister Tejashwi Yadav, to board a flight to Delhi for the coalition meeting on Tuesday. The ailing septuagenarian began on an ebullient note, saying he was looking forward to the meeting, where all the alliance partners will sit together and chalk out the strategy for the 2024 Lok Sabha elections.

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The crypto world is abuzz with the rapid rise and fall of Solana’s JTO token, a rollercoaster ride following its recent airdrop. Amidst this fluctuating market, InQubeta (QUBE) is making significant strides, steadily cruising past the $6.8 million mark in its presale, showcasing remarkable investor confidence and potential.

₹155 in first week of February and since then it has been climbing to new highs on a regular basis. Following this trend, BoB share price today surged to a new 52-week high of RS 227.55 apiece on NSE and came close to its life-time high of ₹228.90 per shares that it had made in January 2015. So, while climbing to a new 52-week high, BoB share price came close to 9-year high during Monday stock market deals.

National Pension Scheme (NPS) by adhering to KYC norms. The NRIs can make contributions to NPS from their NRO/NRE account. While investing depends on individual financial goals, risk tolerance, and investment preferences, Kurian Jose, CEO, of Tata Pension Management listed some reasons for NRIs to consider investing in NPS NPS is designed as a long-term retirement planning tool.

Sandip Sabharwal, asksandipsabharwal.com, says “there is no missing the bus in the stock markets. You miss the bus, another bus comes after some time, you catch that. So, this entire FOMO thing is bad for health. Secondly, I am not predicting a major fall in the market. I do not think that the economic outlook, the interest rate outlook and inflation outlook which is there today represents the possibility of a big selloff, but there will be corrections. As those corrections play out, that time should be used by people to buy.” Everybody is feeling FOMO. But do you think for those who are not getting hit with this FOMO effect, will actually feel JOMO if they do not buy now? There are people who bought early, so they are not feeling FOMO. That is how we need to see. Now, I will say that the FII flows follow a very structured pattern. So, it was very clear that as the bond yields globally peak out, as the dollar index starts declining, these fund flows will reverse. So, it was a matter of time and it is happening now.

By Vineet Sachdeva

Real estate investment holds promising potential for wealth creation. It can be an attractive proposition, offering both steady returns and long-term capital appreciation. However, navigating this market requires careful consideration.

GoMechanic has announced the launch of ‘Electric Vehicle Services’ for India’s key fleet operators in the EV space. Under its new expansion strategy, GoMechanic will enlarge its service portfolio from ICE (Internal Combustion Engine) to EVs (Electric Vehicles) for leading Industry fleet leaders.