Akums Drugs and Pharmaceuticals' Rs 1,857 crore IPO opened from July 30 to August 1, featuring a Rs 680 crore fresh issue and 1.73 crore shares OFS at Rs 646-679 per share. The IPO reserved 75% of shares for QIBs, 15% for non-institutional, and 10% for retail investors. Listing will occur on August 6.
Mumbai faced severe disruptions due to incessant overnight rainfall, resulting in waterlogging, flight delays, and affected local train services. The India Meteorological Department (IMD) issued a red alert predicting further heavy rain. Flight operations at Chhatrapati Shivaji Maharaj International Airport were briefly suspended due to poor visibility. Airlines like Air India and IndiGo issued travel advisories. Local train services were affected, and two out of seven lakes supplying water to the city started overflowing.
A total of 22,848 shares changed hands on the counter till 01:03PM (IST).
Various inputs used in the manufacture of shrimp and fish feed will now enjoy customs duty exemptions, MPEDA said, adding a number of feed inputs such as mineral and vitamin pre-mixes, krill meal, fish lipid oil, crude fish oil, algal prime, algal oil are fully exempted from any import duty.
Cinema exhibitors and film producers in India are in discussions to standardize a consistent eight-week theatrical window across both north and south India. They are also considering extending this period to safeguard box office revenues. This development was revealed by PVR Inox MD Ajay Bijli during the company's Q1 earnings call.
JM Financial raised Suzlon Energy's target price to Rs 71 after a stellar Q1 FY25, driven by a record 3,817 MW order book and strong execution momentum. Suzlon's shares, up 231% in the past year, reflected these positive results. However, Nuvama downgraded the stock to 'hold' with a Rs 64 target price as it believes gains are priced in.
SBI Life reported a 36% increase in Q1 net profit to Rs 520 crore, leading to shares reaching a 52-week high. Analysts recommend buying the stock due to the company's growth and strategic advantages. Read the full article for details.
A total of 6,343 shares changed hands on the counter till 12:58PM (IST).
As of 30-Jun-2024, promoters held 46.64 per cent stake in the company, while FIIs held 14.73 per cent and domestic institutional investors had 1.41 per cent.
The Karnataka Legislative Assembly adopted resolutions opposing the delimitation of Lok Sabha and Assembly constituencies based on the upcoming census, the 'One Nation, One Election' proposal, and the National Entrance cum Eligibility Test (NEET). The Assembly urged the Central Government not to proceed with the delimitation based on future census data, expressed concerns about the impact of simultaneous elections on India's democratic and federal system, and called for the abolishment of the NEET... Читать дальше...
A total of 2,260 shares changed hands on the counter till 12:48PM (IST)
On July 24, stockedge.com's technical scan data identified eight stocks from the Nifty200 pack showing a bullish "White Marubozu" pattern.
The stock traded at a P/E multiple of 125.86, while the price-to-book value ratio stood at 15.76.
Parle, owned by Parle Products, remains India's top FMCG brand in the latest Brand Footprint ranking, with seven of the top 10 brands being homegrown. The study measures brands based on consumer reach points (CRPs), combining penetration and frequency of purchase. Parle leads with 7.98 billion CRPs, followed by Britannia. Hindustan Unilever's Clinic Plus is the only non-food brand in the top five. Consumer choice is crucial, with brands adapting to changing dynamics to stay relevant.
Revenue Secretary Sanjay Malhotra said that the exercise is not linked to bringing a new direct taxes code, but a comprehensive review of the income tax law. Finance Minister Nirmala Sitharaman in her Budget speech earlier this week announced that a comprehensive review of the Income-tax Act, 1961 will be completed in six months.
Most driverless car projects today rely on high-definition maps to help vehicles navigate, but these maps can become outdated, and vehicles are restricted to operating only in certain areas. Son is pitching a model in which cars can navigate -- potentially anywhere -- using a powerful AI computer system that would guide vehicles through everything they encounter on roads. That system would need to be trained using massive amounts of data.
The budget emphasises technology, with increased funding for research and development, also prioritising digital infrastructure, and women's development with a strong support to MSMEs and entrepreneurship.
PG Electroplast's shares surged 16% to a record high after a stellar Q1 performance. Consolidated net profit rose 151.2% to ₹84.93 crore, with operating revenues up 94.9% YoY. The company's capital efficiency and expanding infrastructure support strong future growth prospects.
UPSC plans to revamp its exam system to prevent malpractices, incorporating Aadhaar-based fingerprint authentication, facial recognition, QR code scanning, and AI surveillance. This decision follows controversies, including the NEET paper leak and excessive exam attempts by an IAS officer. UPSC has floated a tender seeking bidders for the technological upgrade.
The Circle: Founders Club hosted the first Indo-Korean Startup Community Meetup at the Indian Embassy in Seoul. Over 80 participants attended, including founders, investors, and officials.
On the technical charts, the RSI of the stock stood at 59.84.
A total of 1,431,839 shares changed hands on the counter till time (IST).
Civil Aviation Minister K. Rammohan Naidu announced that the DGCA is investigating the Air India Express cabin crew strike in May, which caused numerous flight cancellations. The airline will be penalized for any regulatory non-compliance. The ministry ensures passenger compensation and refunds. The strike was resolved on May 9 after government intervention.
