WhatsApp Financial News
28.11 / 04:05
IPO
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band
Marinetrans India IPO opens on November 30, price band set at ₹26 per share
₹26. Investors can bid for a minimum of 4000 shares and in multiples thereof.
27.11 / 20:43
27.11 / 11:39
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reports
It's business as usual at Raymond, Gautam Singhania tells staff amid spat with wife
Mint has seen a copy of the mail. The communication comes after Singhania’s public spat with his wife Nawaz Modi who has accused the Raymond scion of domestic violence.
27.11 / 09:31
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MapmyIndia board gives nod to raise funds up to ₹500 crore via QIP route
₹500 crore via qualified institutional placement (QIP) route, a regulatory filing stated. The board inter-alia approved the “raising of funds by way of issuance of such number of equity shares having face value of ₹2/- each of the company, for an aggregate amount not exceeding ₹500 crore or an equivalent amount thereof by way of qualified institutional placement in accordance with the applicable laws", CE Info Systems Ltd, the owner of MapmyIndia, informed the exchanges. The fund raise would be subject to the receipt of necessary approvals from the company's shareholders, and regulatory and statutory bodies, it added.
26.11 / 19:10
Citizens
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2024
CAA final draft likely to be ready by March 30, 2024: Union Minister
Citizenship (Amendment) Act (commonly known as CAA) is expected to be ready by March 30 next year, News agency PTI reported. Addressing a gathering of Matua community at Thakurnagar in North 24 Parganas district, the BJP MP from Kheri constituency in Uttar Pradesh, said nobody can snatch citizenship rights from the community, adding that the Act passed by the Parliament in December 2019 ensured that the members of the community had become citizens of this country.
26.11 / 17:15
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Israeli PM Netanyahu visits Gaza for first time since war began, tells Israeli troops 'nothing will stop us'
fire deal. Israel was to free 39 Palestinian prisoners later Sunday as part of the deal.
26.11 / 17:15
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Hamas hands over 13 Israeli, 4 foreign hostages to Red Cross on day 3 of truce
Gaza Strip, reports said on November 26. Out of the four foreign hostages who have been released, three were identified as Thai nationals and one was identified as Russian. Their names were yet to be disclosed as an official statement was awaited.
26.11 / 15:39
Digital
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country
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Ghazwa-e-Hind: NIA conducts raids in multiple states in Pakistan-backed terror module case
National Investigation Agency (NIA) Sunday conducted simultaneous raids in four states in connection with a probe into a Pakistan-backed Ghazwa-e-Hind terror module case in Bihar, PTI reported. The raids were conducted at the premises of suspects in Dewas in Madhya Pradesh, Gir Somnath in Gujarat, Azamgarh in Uttar Pradesh and Kozhikode in Kerala.
26.11 / 15:39
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Malaysia scraps visa requirements for Indian tourists. Check details
Thailand, and Sri Lanka, now Malaysia has declared that they will scrap entry visa requirements for citizens of India visiting the nation beginning 1 December, according to Prime Minister Anwar Ibrahim. The move comes as the nation looks to boost its tourism industry and Indians and Chinese form the largest chunk of tourists all over the world.
26.11 / 14:27
Digital
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Mobile
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NIA conduct raids across 4 states in Pakistan-backed Gazwa-e-Hind module case, find links to suspects
NIA) on Sunday conducted raids across four states in the Pakistan-backed Gazwa-e-Hind module case. The raids were conducted at the premises of suspects in Dewas district of Madhya Pradesh, Gir Somnath district of Gujarat, Azamgarh district of Uttar Pradesh and Kozhikode district of Kerala. The raids revealed links of the suspects, whose premises were searched earlier on the day with Pakistan-based handlers. «These suspects were in contact with the handlers, and were involved in propagating the radical, anti-India idea of Gazwa-e-Hind,» said the agency. The raids led to the seizure of incriminating documents and digital devices like mobile phones, and SIM cards. Several documents were also seized during the NIA crackdown, as part of the ongoing investigations in the case, commonly referred to as the Gazwa-e-Hind case, Patna (Bihar).
26.11 / 12:19
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Madhya Pradesh gets India’s largest tiger reserve in Damoh, to be operational in next two to three months
wildlife sanctuaries in Madhya Pradesh to create the largest tiger reserve in the country spanning 2,300 square kilometres, ANI reported on Sunday. The Union government has issued a notification regarding the approval of the proposal to merge the Nauradehi Wildlife Sanctuary—located in central Madhya Pradesh covering parts of Sagar, Damoh, Narsinghpur, and Raisen districts—with the Rani Durgavati Wildlife Sanctuary in the Damoh district of the state, the report said citing a forest department official.
26.11 / 11:48
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Forbes
Clemente Del Vecchio: A teenager billionaire in Forbes' prestigious list
Leonardo Del Vecchio, former chairman of EssilorLuxottica, the world's largest eyeglasses firm, passed away at 87 in June last year. His substantial $25.5 billion fortune was inherited by his wife and six children, including Clemente- who became the world's youngest billionaire in 2022.
26.11 / 11:19
IPO
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IPO mania: Fresh issue in total offer size at eight-year high of 48%
Nearly 300 companies have debuted on the bourses in the 10 years to FY23, according to experts. An interesting trend that was observed in the IPOs that came this year is that the fresh issue as a percentage of total issue size is at 48% which is highest in the last 8 years, according to Edelweiss Mutual Fund. According to the fund house's chief Radhika Gupta, revival in domestic demand, high-capacity utilization, and improving consumer sentiments mean that more companies will be confident to go public. «Many firms are raising money for capex which is a positive sign. This capex will result in incremental sales for the next 3-5 years,» Gupta said. In the past week, five companies, including Tata Technologies, came out with their IPOs that garnered a record Rs 2.6 lakh crore in application amount. «The huge appetite for equities stems from the confidence that investors have in the India growth story and the large universe of fast-growing, well-managed companies, which are expected to deliver good profits,» said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Even after a deluge of IPOs this year, the pipeline ahead is equally strong with 77 DRHPs filed, 29 of which are approved while the rest await approval.
26.11 / 10:29
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Is the stock market closed for Gurunanak Jayanti on Monday?
Gurunanak Jayanti. Accordingly, all the segments including, the equity segment, derivative segment, and SLB segment will be closed. The multi-commodity exchange will also be closed for the first half, but will remain open for the evening session from 5:00 pm.
26.11 / 07:31
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Tata Technologies GMP soars after robust subscription. Check allotment date and other details
Tata Technologies are in high demand in the unlisted market with the GMP as high as Rs 412. Considering the upper price band of Rs 500, the stock is expected to list at a massive premium of Rs 82% over the issue price. However, it is important to note that grey market premiums are just an indicator of how the company's shares are stacked up in the unlisted market and are subject to change rapidly. The tentative allotment for the IPO is November 28 or even before and the listing will likely be on November 30. The Rs 3,042-cr IPO of Tata Technologies received bids worth over Rs 1.5 lakh crore. The overall subscription was nearly 70 times the shares on offer. The quota reserved for retail individual investors (RIIs) was subscribed 16 times, qualified institutional buyers 203 times, and NII 62 times. Analysts said the strong response for the IPO was due to attractive valuations compared to peers and Tata lineage, which enjoys strong brand value. Tata Tech's FY23 PE ratio stands at 32-33x, as against 105x for KPIT, 40x for L&T Technology Services, and 70x for Tata Elxsi.
25.11 / 16:39
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‘Who will access the 10% quota?’: Chidambaram bats for caste survey before implementing reservation benefits
Congress leader who is a well-known legal expert, also pointed out that the BJP-led central government has not conducted a census as it should have in 2021, and may defer the decadal exercise till after the general elections next year. His statement came days after Bihar conducted a caste survey and recommended 65 per cent reservation for the deprived sections.
25.11 / 16:39
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film
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2024
Vikrant Massey reveals '12th Fail' submitted for Oscars 2024 as independent entry: Report
Vidhu Vinod Chopra directed movie ‘12th Fail’ has been submitted for Oscars as an independently nomination, India Today reported. Vikrant Massey was talking at the Sahitya AajTak 2023 event when he confirmed that ‘12th Fail’ had been submitted to Oscars as an independent entry from India.
25.11 / 13:55
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social
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Sebi reduces minimum issue size for social stock exchange to Rs 50 lakh
Social Stock Exchange, markets regulator Sebi on Saturday announced that it has reduced the minimum issue size to Rs 50 lakh from Rs 1 crore in case of public issuance of Zero Coupon Zero Principal Instruments (ZCZP). It has also cut the minimum application size in case of public issuance of ZCZP by NPOs on SSE from Rs 2 lakh to Rs 10,000, thereby enabling wider participation of subscribers including retail. At the end of a board meeting, Sebi said it has also permitted NPOs to disclose past social impact report in the fundraising document as per their existing practice subject to disclosure of key parameters such as number of beneficiaries, cost per beneficiary and administrative overhead. «More entities (NPOs) to be made eligible for registration and fundraising through issuance and listing of ZCZP on SSE by permitting entities registered under section 10(23C) and 10(46) of the Income Tax Act, 1961,» Sebi said. The regulator has also approved creation of a regulatory framework for the facilitation of Small & Medium REITs, with an asset value of at least Rs 50 crore vis-à-vis minimum asset value of Rs 500 crore for existing REITs. «SM REITs shall have the ability to create separate scheme(s) for owning real estate assets through special purpose vehicle(s) constituted as companies,» it said, while also approving a regulatory framework, in accordance with IOSCO Principles for Financial Benchmarks, for Index Providers which license ‘Significant Indices’. To facilitate ease of compliance and strengthen protection of interest of investors in Alternative Investment Funds (AIFs), Sebi said any fresh investment made by an AIF, beyond September 2024, shall be held in dematerialised form.
25.11 / 13:37
Progressive
Manufacturing
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‘De-regularise’: ISRO chief says THESE factors could make India a satellite manufacturing hub
S Somanath has emphasised on the need to de-regulate controls in the space sector to foster improved growth. The scientist has said that unnecessary controls impedes the progress of the space sector.
25.11 / 13:13
IPO
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CEO
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IPO mania: 20 years ago investors would have lost Rs 1,300 crore as interest, says Nithin Kamath
IPO investors would have lost Rs 1,300 crore as interest, says Zerodha Founder and CEO Nithin Kamath. «After a long time, we have had massive activity in the IPO market, with Rs 2.6 lakh crore blocked in bank accounts for IPOs worth Rs 7,600 crore. If this was 2003, it would take 16 working days (or ~1 month), and the entire money would have moved to investment bankers and cost investors (an interest forego) at least 0.5% (assuming 6% pa) or Rs 1300 crores,» Kamath tweeted. As the regulatory regime evolved with time, the T+16 timeline was reduced to T+12, T+6 and then to T+3. «Now, the money never leaves the bank account until allotment.
25.11 / 11:27
Citi
Manufacturing
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Pride
country
PM Modi's ‘Top Gun’ moment! Prime minister takes sortie on Tejas aircraft in Bengaluru | Watch
Tejas fighter aircraft. "Successfully completed a sortie on the Tejas.
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