PROCESS CONTROL
Effwa Infra IPO GMP soars to 110%, issue subscribed over 80 times on last day
Effwa Infra and Research IPO has been oversubscribed 80.4 times, with shares trading at a premium in the unlisted market. Investors can bid for shares in the price range of Rs 78-82.
Ahmedabad Rath Yatra 2024: Check routes, timings and other key details of the procession
In Ahmedabad, the 147th Rath Yatra of Lord Jagannath involved chariots pulled by Khalashi members. Amit Shah and Bhupendra Patel conducted rituals at Jamalpur temple. 22,000 security personnel secured the 16-km traditional route, featuring 18 elephants, surveillance cameras, and medical support. Shopkeepers' CCTV cameras enhanced security along the route, involving Vaishya Sabha.
Interest subvention likely to push energy efficiency among MSMEs
The power ministry has begun discussions on offering interest subvention under the Assistance in Deploying Energy Efficient Technologies in Industries & Establishment (ADEETIE) Scheme for adoption of energy efficient technologies, people aware of the developement said.
Jaishankar, Wang to intensify LAC disengagement efforts
Indian and Chinese foreign ministers meet to discuss achieving complete disengagement in Eastern Ladakh. Efforts to resolve remaining issues along the Line of Actual Control are underway through diplomatic and military discussions.
Team India: Rohit Sharma & Co return to India after Hurricane Beryl delays their Barbados departure, receive grand welcome after T20 World Cup win
Team India: The Indian cricket team returned to Delhi after winning the T20 World Cup in Barbados, delayed by a hurricane. Fans braved the weather to welcome their heroes. Led by Rohit Sharma, the team's victory over South Africa ended an 11-year ICC trophy drought. They will meet Prime Minister Narendra Modi and celebrate with a parade and ceremony in Mumbai.
Japan imposes new fees on Mount Fuji climbers to limit tourists
Park rangers on Japan's Mount Fuji launched this year's climbing season before sunrise, implementing new trail fees and capping daily hiker numbers at 4,000 to manage overcrowding. Climbers now pay ¥2,000 ($12) per person amid concerns over litter and trail congestion from last year. The season runs until September 10, aiming to mitigate environmental impact and safety issues, especially among eager "bullet climbers". Despite Japan's tourism boom, authorities seek to balance visitor numbers with sustainable management practices.
Shivalic Power Control IPO allotment today; check status, GMP, listing date and other details
In the unlisted market, the company's shares are trading at a premium of Rs 175. If the trend continues, the company is expected to debut with gains of 175% on July 1. Investors can check the status of Shivalic Power Control IPO allotment by logging in to the official website of the registrar, which is Skyline Financial Services in this case.
AI drinks energy up - quantum computing will work to our advantage, but the tech is new
The rapid advancement of computing over the past 70 years, driven by increases in computing power, has revolutionized various sectors such as banking, communication, healthcare, product design, and warfare. Semiconductor chip technology plays a crucial role in this growth. However, the future of computing faces a significant challenge due to the increasing power needs of AI innovations like ChatGPT. This surge in demand poses a threat to the sustainability of global energy resources and the environment.
Step-by-step process for a home loan balance transfer
Transfer your home loan wisely by comparing offers, verifying eligibility, submitting required documents, negotiating terms, and finalizing the balance transfer for reduced EMIs and long-term savings.
BLS E-Services to acquire controlling stake in Aadifidelis Solution
BLS International's subsidiary BLSE is acquiring 55% stake in Aadifidelis Solutions for about Rs 190 crore, with an upfront investment of Rs 71 crore in an all-cash deal. The acquisition aims to integrate specialized loan processing and distribution services into BLSE's portfolio.
Fortis, Apollo, Medanta, and Max lead the charge in bidding war for Jaypee Healthcare
Fortis Healthcare, Apollo Hospitals, Medanta, and Max Healthcare are among companies interested in acquiring Jaypee Healthcare, a subsidiary of Jaypee Infratech in Noida with a total debt of about Rs 1,000 crore.
Relief for 20,000 homebuyers! Suraksha Group finally takes over Jaypee Infratech via insolvency process
According to a regulatory filing by Jaypee Infratech on Wednesday, Suraksha Group informed the IMC (Implementation and Monitoring Committee) that May 24, 2024, i.e., the date of the NCLAT order should be treated as the 'Approval Date' as defined in the approved resolution plan.
Lok Sabha Election Result 2024: How will 64 crore votes be counted? Here is the complete process
The counting of votes for the Lok Sabha elections will follow strict guidelines set by the Election Commission. The process will begin with the counting of postal ballot papers, followed by the counting of votes from Electronic Voting Machines (EVMs). The Control Unit (CU) and Form 17C will be used for EVM vote counting, ensuring the CU's paper seal is intact and votes match Form 17C. Verification of Voter Verified Paper Audit Trail (VVPAT) slips will follow, including mandatory verification from five randomly selected polling stations per constituency.
Biden prepares a tough executive order that would shut down asylum after 2,500 migrants arrive a day
The White House is discussing plans for President Biden to issue an executive order closing asylum requests at the U.S.-Mexico border if daily encounters hit 2,500 between ports of entry, reopening when the number falls to 1,500. This move aims to control border numbers and is expected to be announced on Tuesday.
ECI issues verification SOP for EVM memory
The Election Commission of India has issued a protocol allowing the first two losers to seek verification of burnt memory in EVM microcontroller after June 4. Candidates can seek verification for alleged tampering as per SOP issued following Supreme Court directions on April 26.
Govt plans big scale radiation processing of onions to prevent shortages
Government plans to irradiate onions to create a 1,00,000-tonne buffer stock amidst a projected 16% output decline. Radiation aims to extend shelf life, curb price volatility. Fifty irradiation centers identified near consumption areas; NAFED and NCCF tasked with procurement. Controlled atmosphere storage at railway hubs considered for quicker transportation.
Portugal is facing suspension from the Schengen Zone. Here's what you need to know if you have a trip planned
Travelers eyeing Portugal must be aware of the EU's pressure on the country to implement a new border control system by July 2024, or face suspension from the Schengen Area. Delays attributed to bureaucratic hurdles and financial constraints highlight the urgency and potential impact on tourism and travel plans.
China says it firmly opposes US export control tools
Some of the entities were added to the list for making drones to be used by the Chinese military and others for shipping controlled items to Russia. China and Russia have the right to carry out normal economic and trade cooperation, and such cooperation should not be disturbed, spokesperson Lin Jian told a regular press conference.
M&M Fin to increase due diligence for onboarding: CEO
Rebello said that the company has started centralising operations in the last six months to overcome the challenges of decentralised operations - how it was structured historically.
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