Hindustan Aeronautics Limited Appoints Dr. DK Sunil as New Chairman and Managing Director Public sector giant Hindustan Aeronautics Limited (HAL) has announced the appointment of Dr. DK Sunil as the new Chairman and Managing Director, effective September 9, 2024. This strategic leadership change comes at a time when HAL continues to play a crucial role ...
Overview of GST Collection from Real Money Gaming in India The real money gaming industry in India has witnessed a remarkable surge in Goods and Services Tax (GST) collections, showcasing a tremendous growth trajectory. Between October 2023 and March 2024, GST collection from this sector skyrocketed by an impressive 412% to reach Rs 6,909 crore. ...
PNB Housing Finance Stock Performance: A Detailed Overview Overview of Recent Developments PNB Housing Finance has been making headlines with its stock price reaching an impressive Rs 1,100 during trading on September 9. This surge can be attributed to the company’s announcement of plans to raise Rs 2,500 crore through non-convertible debentures (NCDs). Following this ...
Cross Limited IPO Overview Cross Limited, a prominent manufacturer specializing in trailer axles and suspension assemblies, recently initiated its Initial Public Offering (IPO) aimed at raising ₹500 crore. As of the first day of bidding, this IPO has been subscribed 0.88 times, indicating a measured interest from investors. IPO Subscription Details On opening day, the ...
GACM Technologies: Promoters to Boost Stake Amidst Market Fluctuations In a recent announcement made on September 9, GACM Technologies, a prominent player in the IT services sector, revealed plans for its promoters to increase their stake in the company by a substantial 13%. This strategic move reflects the confidence that the company’s leadership has in ...
New Guidelines for Complimentary Airport Lounge Access with ICICI Debit Cards If you’re an ICICI Bank debit card holder and wish to enjoy complimentary access to airport lounges during your travels, it’s essential to be aware of the updated rules that will come into effect on October 1, 2024. These changes are crucial for users ...
Davanagere Sugar Company: A Potential Investment Opportunity If you are considering investing in the sugar sector, Davanagere Sugar Company may be a noteworthy option to explore. The company has recently announced plans to raise funds through a rights issue amounting to Rs 400 crore, although this initiative remains subject to regulatory approval. Share prices fell ...
Gold Prices Experience Fluctuations Amid Global Economic Signals On September 9, gold futures dropped by Rs 126, settling at Rs 71,300 per 10 grams. This decline mirrored a global downturn in gold prices, which decreased by 0.38 percent to $2,488.05 per ounce. The market was influenced by weak global economic indicators, which have contributed to ...
Ventive Hospitality Private Limited Set to Launch IPO Panchshil Realty and Blackstone’s joint venture, Ventive Hospitality Private Limited, is gearing up to launch its Initial Public Offering (IPO) to raise ₹2,000 crores. According to sources familiar with the matter, the company is expected to submit its IPO documents this week, potentially as early as Tuesday, ...
Angel One, formerly known as Angel Broking, has been experiencing a significant downturn in its share price, marking the third consecutive day of decline as of September 9, 2024. Over the past three days, the company’s stock has plummeted approximately 6%, with a notable drop of 4% realized today alone. Currently, the shares are trading ...
Tolins Tyres IPO: Overview and Subscription Details The highly anticipated IPO of Tolins Tyres, a Kerala-based rubber and tyre manufacturing company, has officially opened for subscription today, aiming to raise ₹230 crore. The IPO has received a strong response from retail investors, with their reserved portion quickly filling to full capacity. Currently, shares are trading ...
Introduction Vivek Bansal, the group CFO of fintech unicorn InCred, alongside Sunil Daga, the president of Kotak Mahindra Bank, are on the verge of launching a new startup named Saarthi Finance. This innovative venture is set to prioritize the financial needs of Micro, Small, and Medium Enterprises (MSMEs). Currently, both executives are in their notice ...
Bajaj Housing Finance IPO: An Overview The highly anticipated initial public offering (IPO) from Bajaj Housing Finance, a prominent non-banking financial company (NBFC) under the Bajaj Group, has kicked off with great enthusiasm. This public issue, valued at ₹6,560 crore, opened on September 9, and the response has been overwhelmingly positive, with full subscription expected ...
Suzlon Energy Share Price Update Suzlon Energy, a prominent player in the renewable energy sector, has recently made headlines following the receipt of the largest wind energy order ever in India. This significant milestone came from NTPC Green Energy, a subsidiary of NTPC Limited, which specializes in renewable energy projects. Following this announcement, Suzlon’s shares ...
Introduction On September 9, shares of budget airline SpiceJet experienced a notable uptick, rising by 5% in early trading. This movement came on the heels of an important restructuring announcement made by the company on September 6. SpiceJet outlined a plan to navigate its financial challenges, which involved converting significant debt into equity and seeking ...
Gala Precision Engineering IPO Listing: Today marked the debut of Gala Precision Engineering’s shares on the domestic stock market. The Initial Public Offering (IPO) attracted overwhelming interest from investors, with subscriptions exceeding 201 times the total offer. Shares were priced at Rs 529 under the IPO. In a robust opening, shares listed at Rs 750.00 ...
Overview of Jeyyam Global Foods IPO Jayyam Global Foods IPO Listing: Jayyam Global Foods, a company specializing in the bulk sale of gram and gram flour, made a notable debut on the NSE’s SME platform today. The IPO saw a staggering subscription rate of over 119 times, indicating strong investor interest. The shares were issued ...
Bajaj Housing Finance IPO: A Long-Awaited Opportunity The much-anticipated public issue of Bajaj Housing Finance, a subsidiary of Bajaj Finance and a well-known diversified non-banking financial company (NBFC), has officially opened its doors to investors on September 9, 2024. This IPO marks a significant moment, as it is the first time in several years that ...
Introduction Ather Energy, a prominent player in the electric two-wheeler market, is on the verge of expanding its footprint with new investments. The National Investment and Infrastructure Fund (NIIF) has received the green light from the Competition Commission of India (CCI) for a significant stake increase in Ather Energy. This momentous approval was granted under ...
Character.AI Implements Layoffs Amid Strategic Shift In a recent move, Character.AI, a leading chatbot startup, has announced a reduction in its workforce, cutting at least 5% of its employees. According to sources cited by Reuters, this decision primarily affects employees in marketing and recruiting departments. A spokesperson for the company emphasized that this restructuring is ...
