PYRAMIDS
Glastonbury 2024: Will Shania Twain, Coldplay, Lady Gaga and others perform? Know in detail
The Tipi Penthouse Suite at Glastonbury offers luxurious accommodations. The Glastonbury Festival 2024 promises to be yet another incredible musical spectacular and will run until Sunday, June 30.
FLYING PYRAMID superyacht! Coming straight out of sci-fi show? How does it lift out of water and cruise?
A London-based firm has developed a super yacht in the shape of a pyramid which will enable it to fly even while being glued to the water. This will enable it to glide smoothly.
Best Chimney deals with up to 50% off in Amazon Sale 2024
The Amazon Sale 2024 is offering unbeatable deals on kitchen chimneys, with discounts of up to 50%. This is the perfect opportunity to upgrade your kitchen with high-quality chimneys from top brands. Enjoy cleaner air and a more efficient cooking experience with these stylish and functional kitchen essentials. Don’t miss out on these limited-time offers to enhance your kitchen setup.
Slowdown hits Indian IT companies’ campus recruitments
The IT service business model, which relies on pyramid structure with its base constituting young and less expensive employees, has been shrinking. In FY24, both TCS and Infosys saw the share of young employees in their total headcount plunge to a five-year low and a decadal low, respectively.
Top two tech firms shed Gen Z flab, gain silver muscle
The share of Gen Z employees - or those aged 30 and under - fell by about 5 percentage points last fiscal at Bengaluru-based Infosys, and by over 2.5 percentage points at Mumbai-based TCS. The trend underscores a tepid IT hiring climate amid industry turbulence, which have impacted onboarding of young talent the most.
Who is Ankur Jain? Inside the tech titan's grand Egyptian wedding with former WWE diva Erika Hammond
Tech mogul Ankur Jain and former WWE star Erika Hammond recently celebrated their extravagant wedding against the backdrop of Egypt's pyramids. The festivities included a luxurious safari in South Africa and a four-day celebration in Egypt, attended by a star-studded guest list. Jain, known for his tech innovations, founded Bilt Rewards and Kairos, while Hammond has made a successful transition to fitness coaching post-wrestling.
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Is the bottom of the pyramid also a big opportunity? 4 small finance banks with upside scope of up to 41%
While it's commonly thought that auto and FMCG companies are prime indicators of the rural economy's health due to their direct consumer engagement, small finance banks (SFBs) may actually provide a clearer picture of the rural and semi-urban economic landscape. This clarity comes from their operational focus on these less urbanized areas and their direct involvement in lending to local businesses. Despite facing various challenges, SFBs have seen growth, driven largely by the unmet demand for capital at reasonable interest rates in rural areas. They offer credit to the bottom of the pyramid, at more favorable rates compared to traditional options which were available till a few years back, filling a critical gap.
Delhi art exhibition recreate Lord Hanuman's life through holographic imagery encased in glass pyramid
'Hanuman's Journey: Verses Through Vision' is among nearly 100 artworks which have been displayed at the National Gallery of Modern Art (NGMA) here as part of the 'Ramayanam Chitrakavyam' exhibition that was inaugurated on Friday evening.
Experts suggest regulatory reassessment to boost fintech sector and ease compliance burden
As the fintech sector gains size and scale, experts suggest the need to reevaluate regulatory policies to boost financial inclusion. The recent Reserve Bank of India's action on Paytm Payments Bank has left some in the industry perplexed, with concerns that the regulatory environment may impede fintech progress. Experts stress the importance of a balanced approach, fostering innovation while ensuring compliance with necessary regulations.
Is it time to sell a Trent and buy a VIP? Is it time to flip? Here’s what Sandip Sabharwal has to say
Sandip Sabharwal has been buying Bata shoes and stocks. He believes that the volume growth in footwear will bounce back. He also bought VIP stocks and thinks that the luxury segment will continue to grow. Sandip mentions that companies in the power supply chain like transformers, transmission, storage, and metering will perform well.
Netflix’s Percy Jackson spinoff movie trilogy: When can fans expect The Kane Chronicles?
Netflix has officially declared it position for the highly anticipated Percy Jackson spinoff movie trilogy based on The Kane Chronicles. Author Rick Riordan announced this decision in a statement on Goodreads.
Fiscal impulse should result in higher consumption in rural, mass market and bottom of the pyramid: Nilesh Shah, Kotak AMC
The commentary on the budget has had a more positive impact on the bond market compared to the stock market. The unexpected drop in yields has cheered the bond market. The fiscal deficit number of 5.1% has exceeded the debt market's expectations. The lower net borrowing program and the possibility of rate cuts in the second half of CY24 have given confidence to the market. The capital expenditure target for this year has been revised down to 950,000 crore, but there is still a 17% increase compared to last year.
Muthoot Microfin lowers lending rates by 55 bps
Muthoot Microfin has decided to reduce lending rates by up to 55 basis points on fresh loans to existing customers. This move comes after nearly two years of upward movement in loan rates. The reduction in rates will not affect the lender's net interest margin, which rose to 12.6% for the December 2023 quarter.
Pyramid scheme launches climb to highest in 5 years
India saw the highest number of multi-level-marketing pyramid schemes launched in five years in 2023, according to Strategy India, a policy, compliance and direct-selling consultancy. These schemes, based on money-circulation networks, pay existing investors with funds collected from new ones instead of profits. Many remain unchecked by taking advantage of loopholes in existing consumer protection laws.
Sebi move on reducing SIP minimum size good, but need to reduce KYC & transaction costs: Nilesh Shah
“Sebi has taken a step in the right direction by ensuring that this minimum amount is spread across the industry and not just a few fund houses like mutual funds and secondly, hopefully we will be able to reduce the friction cost, the KYC cost and the payment cost so that it becomes profitable transaction for the industry.”
Zomato, Swiggy seek a route to reach bottom of the pyramid
Bengaluru-based Swiggy has launched a pilot called ‘Pockethero’ in about 15 cities in late November that will mainly target students and freshers looking for more affordable food delivery options. The platform has tied up with specific restaurants to offer higher discounts and free deliveries to onboard new customers.
Lending to the bottom of pyramid: 4 small finance banks with upside scope of up to 36%
When it comes to the rural economy, most believe that it is auto and FMCG companies which give a good idea how the rural economy is working, But there is another set of companies which might have a better insight on how the rural and even semi urban part of the economy are doing because they work in this part of the country and also because of the fact of lending in those businesses which operate in the area. Despite all the headwinds, these small finance banks have been able to grow.
View: Destabilise the Pyramid
Focusing on empowering the poor, and treating them as a homogeneous group, enables policymakers to dive deeper into their socioeconomic status and plan appropriate interventions. Instead of applying the complicated and ambiguous parameters to measure the economic status of the poor, let's consider the Bottom of the Pyramid (BoP) concept.
Bollywood actor Sonakshi Sinha buys premium apartment in Mumbai’s Bandra
Bollywood actor Sonakshi Sinha has purchased a 2,430 sq ft apartment in Mumbai's Bandra suburb for Rs 11 crore. This is her second apartment in the same residential tower that she has bought directly from the developer. Real estate has become a popular investment for high net worth individuals, including Bollywood personalities.
Pyramid Technoplast IPO: Stock ends in lower circuit on listing day. What should investors do?
The stock listed at a mild premium of 13% over the issue price. However, it came under selling pressure post the listing and was locked in a 5% lower circuit. On day one, the shares closed just 5.8% higher than the IPO price of Rs 166.
Pyramid Technoplast shares list at 13% premium over IPO price
The IPO of Pyramid Technoplast was subscribed 18 times at close. The non-institutional investors' portion was subscribed the most at 32.24x, followed by retail at 14.72x. The category reserved for qualified institutional buyers (QIB) was subscribed nearly 10 times.
Pyramid Technoplast IPO share allotment likely on Friday. Here's how you can check status
Pyramid Technoplast is an industrial packaging company engaged in the business of manufacturing polymer-based molded products (Polymer Drums) mainly used by chemical, agrochemical, specialty chemical and pharmaceutical companies for their packaging requirements.
Pyramid Technoplast IPO subscribed 18 times on last day. Check GMP and other details
The non-institutional investors' portion was booked the most at 20.09x, followed by retail at 11.12x. The category reserved for qualified institutional buyers (QIB) was subscribed 1.63 times.
Pyramid Technoplast IPO subscribed 5.8x on Day 2. Check GMP and other details
According to market sources, the company's grey market premium is around Rs 26, against an upper price band of Rs 166
Pyramid Technoplast IPO fully subscribed on Day 1; retail interest high
Pyramid Technoplast is an industrial packaging company engaged in the business of manufacturing polymer-based moulded products (Polymer Drums) mainly used by chemical, agrochemical, specialty chemical and pharmaceutical companies for their packaging requirements.
Pyramid Technoplast IPO opens for subscription. Should you bid?
Pyramid Technoplast is an industrial packaging company engaged in the business of manufacturing polymer-based moulded products (Polymer Drums) mainly used by chemical, agrochemical, specialty chemical and pharmaceutical companies for their packaging requirements.
Pyramid Technologies IPO opens on Friday. What GMP signals ahead of subscription?
The IPO comprises a fresh issue of 55 lakh shares and an offer for sale of 37.2 lakh shares. Under the OFS, promoter Credence Financial Consultancy will sell 37.2 lakh shares.The issue is priced in the range of Rs 151-166, where investors can bid for a minimum of 90 shares in one lot and in multiples thereafter
Pyramid Technoplast IPO to open on August 18. Here are 10 things to know about the offer
The initial public offering (IPO) of Pyramid Technoplast will open for subscription on August 18. The issue closes on August 22. The company's shares are expected to get listed on both exchanges. Here are 10 things to know about the offer.
Pyramid Technoplast IPO to open on August 18, price band set at Rs 151-166/share
Pyramid Technoplast aims to raise anywhere between Rs 139 crore - Rs 153 crore through the IPO and the post implied market cap is likely to be around Rs 611 crore.
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