Yes Bank has entered into a co-lending partnership with Newtap Finance to offer personalized financing solutions on CRED. Dreamplug Technologies Private Limited (DTPL), the operator of CRED, will act as the Lending Service Provider (LSP) for Yes Bank and Newtap Finance in this partnership.
Resourceful Automobile's Rs 12-crore IPO shocked Dalal Street by being oversubscribed nearly 400 times. The Delhi-based two-wheeler dealership saw retail investors driving the demand, with their segment reaching 500 times subscription. The hefty interest in the small medium enterprise IPO surpassed the expectations of its merchant banker, causing industry-wide astonishment.
The Staff Selection Commission prepared to announce the Constable (General Duty) notification soon, opening applications till October 5. Positions were available in CAPFs, NIA, SSF, and Rifleman. The exam was set for January-February 2025. Applicants needed Class 10 qualifications and fell within the 18-23 age range, as of January 1, 2025.
The recent 6th meeting of the India-Indonesia Joint Working Group on Counter-Terrorism in Jakarta saw both nations condemning cross-border terrorism. Officials discussed global terrorism threats, including the misuse of technology and terror financing. They also stressed the importance of cooperation in forums like the UN and ASEAN to effectively combat terrorism.
Telegram has been reluctant to remove all but the most violent content under Durov, who has a net worth of $9.2 billion, according to the Bloomberg Billionaires Index. The 39-year-old has styled himself as a radical libertarian and cultivates a look riffing off of Keanu Reeves’ Neo character in The Matrix, usually sporting an all-black wardrobe. With passports from the United Arab Emirates and France, he often documents his globetrotting life, recently posting pictures of his travels throughout Central Asia.
A total of 4,045 shares changed hands on the counter till 12:42PM (IST)
The Supreme Court on Tuesday asked the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) to present evidence proving BRS leader K Kavitha's involvement in the Delhi excise policy scam. Kavitha's legal team, led by senior advocate Mukul Rohatgi, argued for bail, noting the probe's completion and referencing a similar bail granted to AAP leader Manish Sisodia.
If the lower courts do not decide such matters, then the high court is burdened with them, the court said. A single bench of Justice Sandeep Marne made these observations while expressing displeasure with a lower court at Kalyan in Thane district for not deciding expeditiously the pre-arrest bail plea of Waman Mhatre, a local leader of the Eknath Shinde-led Shiv Sena.
The US primarily operates under a two-party political system with Democrats and Republicans as the major players. Founded in 1792, the Democrats are known for liberal policies and leaders like Obama and Biden. The Republicans, established in 1854, focus on market-driven policies and have had prominent figures like Lincoln and Reagan. Though there are some "third parties," none have won in the US elections so far.
A total of 59,565 shares changed hands on the counter till 12:38PM (IST).
National Infrastructure Trust submitted its Draft Red Herring Prospectus to SEBI to raise capital through an IPO. Sponsored by Gawar Construction, it includes a Rs 1,200 crore fresh issue and a Rs 400 crore offer for sale. The raised funds are designated for debt repayment and loan facilities for project SPVs.
Volvo Eicher Commercial Vehicles (VECV) has signed an initial agreement with Baidyanath LNG Private to deploy 500 LNG trucks, aiming to develop green trucking routes and expand the LNG Corridor in India. Union Minister Nitin Gadkari inaugurated Baidyanath LNG's third facility in Nagpur and flagged off the Eicher Pro 6055 LNG trucks.
A total of 15,776 shares changed hands on the counter till 12:27PM (IST)
JSW Energy's arm, JSW Neo Energy, won a 200 MW wind-solar hybrid power project from the Maharashtra State Electricity Distribution Company. This increases their locked-in generation capacity to 17.2 GW. The company aims for an installed capacity of 20 GW and 40 GWh of energy storage by 2030. JSW Energy plans to achieve carbon neutrality by 2050.
A total of 1,673 shares changed hands on the counter till 12:23PM (IST).
Premier Energies' IPO opened today, attracting strong interest with 57% subscription, mainly from retail and non-institutional investors. The IPO includes a fresh equity issue of Rs 1,291 crore and an Offer for Sale up to 3.42 crore shares. Analysts recommend subscribing due to the company's robust order book and promising growth in the solar energy sector.
West Bengal Police denied Suvendu Adhikari's claim that four student activists were missing, revealing they were detained for their roles in a conspiracy to commit murder and incite violence. The students were allegedly planning disturbances during the 'Nabanna Abhijan' event. Adhikari accused the police of detaining the students and called for accountability.
Investment in the project, which will convert crude oil into chemicals, underscores attempts at ramping up petrochemical capacities in India as it provides building blocks for everything from consumer goods to car parts.
Union Minister Suresh Gopi criticized the media for allegedly distorting public perceptions about the film industry amid recent sexual harassment allegations against actors and directors. Gopi claimed that the media is exploiting these allegations for profit, while emphasizing that such issues should be decided by the courts, not by public opinion.
NeoLiv, founded by former Godrej Properties CEO Mohit Malhotra, joined forces with Royal Green Realty to develop a 20-acre township in Sonepat. With SEBI's approval, NeoLiv aims to raise $150 million for projects in Delhi and Mumbai. The company plans ten projects over 3-4 years, involving premium residential spaces.
Ceigall India's shares rose by 7% on the BSE following the announcement of its first quarterly results, reporting an 80% YoY increase in net profit to Rs 80 crore. Revenue also saw a rise of 26.5% to Rs 822.40 crore. The company has won Rs 1,042 crores worth of new project orders in Kanpur and Bhuvaneshwar.
The stock traded at a P/E multiple of 12.03, while the price-to-book value ratio stood at 1.21.
Chief secretaries of 18 states appeared before the Supreme Court over non-implementation of the Second National Judicial Pay Commission's recommendations on pension arrears and retirement benefits for judicial officers. The proceedings against states like Madhya Pradesh and Tamil Nadu were closed, while non-compliant states were summoned. This followed concerns raised by senior lawyer K Parmeswar about delayed compliance.
Bharti Airtel has partnered with Apple to provide exclusive entertainment packages for Indian users. Airtel Xstream customers will enjoy Apple TV+ with premium WiFi and postpaid plans and exclusive deals on Apple Music for Wynk Premium users. These services will be available later this year, enriching Airtel's content offerings.
