ENGINEERS DAY
Bansal Wire IPO sails through on Day 1 on robust NII, retail demand. Check GMP and other details
Bansal Wire's IPO saw strong demand from retail and non-institutional investors on the first day, while the QIB portion remained unsubscribed. Proceeds will be used for debt repayment, working capital, and general corporate purposes.
Aliens: Little green men or big government secrets? Exploring UFO mysteries
Unidentified Flying Objects (UFOs) have fascinated people for decades, sparking debates about extraterrestrial life. World UFO Day, on July 2, commemorates the 1947 Roswell Incident when a "flying disc" was reportedly recovered, later deemed a weather balloon. Despite official denials, UFO interest persists. In 2022, Congress investigated unexplained sightings near military bases. In 2023, retired Maj. David Grusch claimed the US has hidden UFO programs, denied by the Pentagon. Skepticism and intrigue continue, as shown by controversial testimonies and recent claims of "nonhuman" mummies in Mexico.
Bihar set to play important role in becoming growth engine of country: Bihar Minister Nitish Mishra
Bihar's government showcased the state's potential in textiles, IT, manufacturing, and tourism at an event in Kolkata. The efforts to attract investors and dispel negative perceptions aim to position Bihar as a key player in India's growth story. With upcoming events and roadshows, Bihar is gearing up to become a prominent investment destination, emphasizing its strengths in various sectors.
Court allows two-hour custody parole to Engineer Rashid to take oath as MP
Kashmiri leader Sheikh Abdul Rashid, also known as Engineer Rashid, was granted custody parole to take his oath as a Lok Sabha MP. He had sought interim bail for the oath-taking and parliamentary functions. Rashid has been in Tihar jail since 2019 under the UAPA for alleged involvement in a terror funding case.
Enviro Infra Engineers files draft papers to mop up funds via IPO
Proceeds from the fresh issue to the tune of Rs 181 crore will be used to meet the working capital requirements, Rs 100 crore will be used for payment of debt, Rs 30 crore will be infused into the company's subsidiary, EIEL Mathura Infra Engineers, to build 60 million litres per day Sewage Treatment Plant (STP) at Mathura in Uttar Pradesh.
NIA agrees to let Engineer Rashid take oath as MP, court to give order tomorrow
The NIA had filed a chargesheet against several individuals, including Kashmiri separatist leader Yasin Malik, Lashkar-e-Taiba founder Hafiz Saeed and Hizbul Mujahideen chief Syed Salahuddin in the case. Malik was awarded life imprisonment by a trial court in 2022 after he pleaded guilty to the charges.
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Nifty charts projecting 25,200 by December, says ICICI Securities. Top 94 stock picks
ICICI Securities' technical analysis forecasts Nifty reaching 25,200 by December 2024, supported strongly at 22,200. Midcaps and smallcaps indices are in a structural uptrend, expected to gain over 16% by year-end.
New-age job roles: How India can engineer a future beyond software
With nearly 1,600 international corporations operating captive units, 1.7 million highly educated professionals are employed. It might theoretically increase its pool of relevant talent if it made a concerted effort to improve both the number and calibre of the more than 2.5 million Ph.D.s and graduates in science, technology, engineering, and medicine that India produces each year.
Titan, IndusInd Bank among 20 stocks to trade ex-dividend this week. Do you own any?
20 companies, including Nifty companies Titan and IndusInd Bank, have set record dates this week to determine dividend payouts. Shareholders buying stock at least one day before the ex-date are eligible for dividends under the T+1 framework, where ex-date and record date align in most cases.
Dee Development Engineers to finalise share allotment tomorrow. Check status, GMP, listing date and other details
The net proceeds from the fresh issue will be used towards funding working capital requirements, repayment of debt, and other general corporate purposes
DEE Development Engineers IPO gets subscribed 99.56 times
The portion for qualified institutional buyers received a whopping 201.91 times subscriptions while the category for non-institutional investors got subscribed 144 times. The part for retail individual investors (RIIs) received 23.42 times subscriptions.
Triveni Engineering buys addl 36.34 pc stake in sugar firm Sir Shadi Lal Enterprises for Rs 45 cr
Triveni Engineering & Industries Ltd acquires 36.34% stake in Sir Shadi Lal Enterprises Ltd for Rs 45 crore, enhancing its position as a major sugar producer. Vice Chairman Tarun Sawhney views the acquisition as a strategic move to boost Triveni's sugar and alcohol businesses.
Triveni Engineering & Industries acquires majority stake in Sir Shadi Lal Enterprises
Triveni Engineering & Industries Ltd announced acquiring an additional 36.34% stake in Sir Shadi Lal Enterprises Limited, making SSEL a subsidiary of the company.
Sequoia backs AI startup that automates engineering tasks
Matan Grinberg, a former physics PhD student, founded Factory, an AI startup valued at over $100 million.
To address talent shortage, chipmakers skilling engineering students
Firms like Intel India, AMD, Applied Materials and Tessolve are teaming up students and employees to work on real-life projects, establishing labs in institutes like IIT-Bombay, driving industry-academia partnerships to conduct research in core design and AI training and sponsoring students pursuing research.
Gensol Engineering bags another BESS project from GUVNL
Gensol Engineering secures an additional 250 MW/500 MW Battery Energy Storage System Project from GUVNL, increasing its order book to Rs 3,100 crore.
DEE Development Engineers IPO sails through on Day 1 on robust retail, NII demand
The net proceeds from the DEE Development Engineers IPO will be used towards funding working capital requirements, debt repayment, and other general corporate purposes. Analysts suggested investors to subscribe to the IPO as the company is the largest player in process piping solutions in India, in terms of installed capacity. Further, the issue is available at a reasonable valuation considering the future growth potential.
Sansera Engineering shares jump over 7%, hit 52-week high amid block deal
Sansera Engineering shares surged 7.3% to hit a 52-week high at Rs 1,300 on BSE following a block deal. Foreign institutional investors hold 22.11% stake, promoters 35.03%, and mutual funds 17.56%.
Unstoppable bull run! Sensex, Nifty hit lifetime highs for 4th straight day on solid global cues
Nifty50 and Sensex reached new highs driven by banking and IT stocks amid expectations of a rate cut by the Federal Reserve.
Wait for DEE Development's financial show post listing for stock exposure
The company had outstanding orders of ₹828 crore as of December 2023, up 47% from FY23, driven by a strategic shift towards the oil and gas sector and pricing advantages over rivals. This resulted in a bid-to-win ratio of 46-81% over the last four years.
Pune Porsche accident: Parents of teen involved in car crash sent to judicial custody for 14 days
Friday's decision comes after a May 19 accident in which a Porsche, driven by the teenage son of builder Vishal Agrawal, crashed into a motorbike in the early hours of the day, killed IT professionals Anish Awadhiya and Ashwini Koshta, both hailing from Madhya Pradesh, in Pune's Kalyani Nagar.
Gensol Engineering emerges successful bidder for Rs 1,340-cr battery energy storage project
The project will supply electricity on an 'on-demand' basis to Gujarat State's DISCOMs during peak and off-peak hours, thereby extending renewable energy availability beyond solar hours, fulfilling energy storage purchase obligations, and enhancing grid resilience, a company statement said.
Technical Breakout Stocks: How to trade Tejas Networks, BASF India and Varroc Engineering on Wednesday
Sensex, Nifty closed mixed on Tuesday. Sectors such as capital goods, oil & gas, and telecom saw buying action and selling was seen in metal, healthcare, banks and FMCG stocks. Tejas Networks rose over 6% to hit a fresh record high.
Environment Day: Noida Airport to have 8-acre forest with local species, 133-hectare green area
Noida International Airport (Google Trends): The Noida International Airport CEO Christoph Schnellmann has emphasized a net-zero emissions philosophy. With 580 trees transplanted and an eight-acre forest reserve, biodiversity preservation is a priority. The airport's eco-friendly initiatives include renewable energy and innovative technology to reduce carbon emissions, paving the way for a greener future in Indian air travel.
10 Best Father’s Day Gifts under Rs. 1,000 that will Make his Day Extra Special (2024)
Father's Day is just around the corner, and if you are looking for thoughtful gifts that won't break the bank, then this list of the best Father’s Day gifts under 1000 rupees has you covered. From practical tools to personalised keepsakes, there's something for every dad. Whether he's into gadgets, grooming, or watches, you'll find budget-friendly options that show you care without compromising on quality. So, treat him to a gift that he'll love and appreciate this Father's Day, all while staying within your budget.
Best Father's Day Gifts under 500 in India (2024)
Are you looking for father’s day gifts? If so, then continue reading this article to learn about the best father’s day gifts under 500 in India. You can use these gift items to make your father’s day a memorable one. Go through the complete article, find the one that suits you best and place your order using the buying link.
Jamnagar-based Winsol Engineering’s IPO GMP soars over 250% as issue booked 400x on last day
The IPO is entirely a fresh issue of 31.15 lakh shares and through the issue, the company aims to raise nearly Rs 23 crore. The company is offering its shares at Rs 71-75 apiece, and investors can bid for 1,600 shares in one lot.
Jamnagar-based Winsol Engineering's IPO booked 140x so far on Day 3; Refractory Shapes' issue subscribed 24x
Winsol Engineering IPO: The initial public offer (IPO) of Jamnagar-based Winsol Engineering has been receiving a bumper response from investors with an overall subscription of 140 times on Wednesday, the third day of the bidding process. The issue closes on May 9.
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