TIER STATUS
Akme Fintrade IPO share allotment likely on Monday. Here's how you can check status
The funds are being raised primarily to augment its capital base. As per RBI norms, the minimum capital adequacy for an NBFC should be 15%
Club Vistara to soon be a part of Air India's Flying Returns as merger process kicks off
Tata Sons aims to complete the merger by year-end. Vistara's Club Vistara to merge with Air India's Flying Returns. Integration details include tier status and points transfer. Singapore Airlines Group supports Air India-Vistara merger. Vinod Kannan and Campbell Wilson lead the integration. NCLT approval awaited.
Club Vistara points to merge with Air India Flying Returns: What frequent fliers should know about migration; last date to opt out
Vistara-Air India merger: After the much-anticipated merger between Air India and Vistara, Club Vistara will be discontinued. Here is a look at what Club Vistara members should know about the integration with Air India Flying Returns, as per the email communication.
Xurbian India, bridging the gaps
According to projections for rural and urban productivity, by 2030, urban India will account for 70% of GDP. India targets to become a developed nation with a $26 tn economy by 2047. Rural productivity must grow from 50% of urban productivity today to at least 75%. Also, quality of life across urban and rural India must also transform.
Aadhar Housing Finance IPO booked 19% so far on the first day. Check subscription, GMP and other details
Aadhar Housing Finance IPO Status: Aadhar Housing Finance's IPO received 19% subscription on its first day, with QIB investors subscribing 32%, retail investors 14%, and non-institutional investors 12%.
Bournvita, other brands to lose 'health drink' status
E-commerce sites advised to stop labeling Bournvita as health drink due to undefined food laws. Cadbury faced controversy over sugar content. NCPCR, FSSAI investigated. Issue involved misleading elements in packaging, advertising.
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IBL Finance IPO allotment to be finalised soon. Check status, GMP, listing date and other details
IBL Finance IPO share allotment will be finalized today. Investors will be allocated shares through a lottery process, supervised by the registrar. Investors can check the allotment status on the BSE or by visiting the registrar's website, Bigshare Services. The IPO was subscribed nearly 18 times, with the retail investor category oversubscribed 24 times. The net proceeds from the IPO will be used to strengthen IBL Finance's capital base and for general corporate purposes.
Muthoot Microfin IPO allotment date: Check status, other details
Muthoot Microfin IPO Allotment Status: The allotment status can also be checked by visiting the official website of the registrar to the issue which is Bigshare Services in this case.
Muthoot Microfin IPO subscribed 11.52 times on final day. Check details
Muthoot Microfin IPO comprises a fresh issue of Rs 760 crore and an offer-for-sale (OFS) of Rs 200 crore. Under the OFS, promoters Thomas John Muthoot, George Muthoot, Preethi John Muthoot, Remmy Thomas, and investor Greater Pacific Capital will offload shares.
India Shelter Finance IPO subscribed 36.62 times on last day of bidding
India Shelter Finance is a retail-focused affordable housing finance company with an extensive distribution network and a scalable technology infrastructure. Between FY21 and FY23, it witnessed a two-year CAGR growth of 40.8% in terms of assets under management.
PM Modi on how SC upholding Article 370’s abrogation approves J&K no longer being an anomaly
"What had happened in J&K was a great betrayal - to our nation and to the people of J&K. Articles 370 and 35(A) were major obstacles that seemed like an unbreakable wall. They ensured the people of J&K never got the rights and development the rest of their fellow Indians got. A distance was created between people belonging to the same nation."
Fedbank Financial IPO share allotment to be finalised today. Here's how you can check status
The company's shares are expected to get listed on the exchanges on November 30. According to market sources, Fedbank Financial is commanding a premium of Rs 0 in the unlisted market. Considering the upper price band of Rs 140, the stock is expected to make a flattish.
Tata Tech IPO selling like hot cakes, subscribed 6.54 times on Day 1
At 10:42 am, the Rs 3,042-crore Tata Tech IPO was subscribed 1.21 times. The quota reserved for qualified institutional buyers was subscribed about 2 times, non-institutional investors 1.25 times. The portion reserved for shareholders of parent entity Tata Motors 1.26 times while the retail quota was subscribed 86%.
SBI aims to raise up to Rs 10,000 crore via bond sale
Typically, the coupon rates – or interest paid to investors – for SBI’s bonds are the lowest in the banking sector, as the lender witnesses firm demand for its debt offerings, given its government ownership and status as the country’s largest bank
Utkarsh Small Finance Bank share allotment expected today. Here's how you can check status
Utkarsh Small Finance Bank's share allotment will be finalised today, with investors receiving shares on a lottery basis. They can check their allotment status through the BSE or registrar's website. Shares are expected to list on the exchanges on July 24 at a strong premium of nearly 60%, and the company's
How India's small towns are going global
Trends in education, travel and consumption point at a rising cosmopolitan class in small towns which often travels to western countries, also goes to study there, and splurges on foreign luxury brands. The globalisation, so to speak, of the small-town India began nearly a decade ago and is on full swing now.
RBI’s status quo on Repo Rate likely to support low income, affordable housing
Through six successive hikes since May, the central bank had raised policy rates by a cumulative 250 basis points taking the repo rate to 6.5%. It had hiked the rates last February making loans expensive.
Lamborghini eyes Tier I, Tier II cities for biz growth in India
"We launched a programme and reached out to possible customers in 100 cities. Today we have 50 cities in India where you can find a Lamborghini owner and these Tier I and Tier II cities now contribute to more than 25 per cent of the business. So these cities are becoming very important for us," he noted.
Nokia X30 5G to launch in India soon; Check out features
Sanmeet Kochhar, the Vice President of HMD Global announced on Twitter that Nokia X30 5G is going to be launched soon in India.
TMB IPO fully subscribed on Day 2 of bidding process
TMB is one of the oldest and leading old private sector banks in India with a history of almost 100 years. It has a loyal customer base as 79.78 per cent of its customers have been associated with the bank for a period of more than five years
Tamilnad Mercantile Bank IPO subscribed 83% on Day 1
The initial public offer of 1.58 crore equity shares is in a price range of ₹500-525 per share. Private sector lender Tamilnad Mercantile Bank on Friday mobilised a little over ₹363 crore from anchor investors. The issue will conclude on September 7. At the upper end of the price band, the bank is expected to mobilise ₹831.6 crore through the IPO.
SSC CGL Tier 2 Admit Card 2021 released: Here is the link to download
SSC CGL Tier 2 admit cards can be downloaded from the official website. Here are steps on how to do it.
Indian tech firms meet lawmakers; gaming investors seek status quo on GST
Startups have long complained about Google’s billing policy, under which platforms have to pay a 30% fee to Google for in-app purchases.
How edtech is assisting students in Tier 2 and 3 cities to study abroad
It is expected that India would send roughly 1.8 million more students to study abroad programs by 2024, and many of these students are expected to be from tier 2 and 3 cities, as per figures by Educational Testing Service.
Infra tag will help shift data centre biz action to tier-2
Experts say edge data centres will be essential to the growth and usage of 5G services as well, which is required for internet of things (IoT), gaming, etc.
Healthcare industry seeks priority status, increase in fund allocation to 3% of GDP
As per the leading healthcare providers in the country in the private sector, the government should also consider continuation of tax incentives, upgradation of medical facilities in smaller towns and skilling of workforce in the Budget.
Fino Payments Bank IPO: Here's how to check allotment status
Fino Payments Bank or FPBL is a scheduled commercial bank serving the emerging Indian market with its digital-based financial services.
SJS Enterprises IPO subscribed 51% on Day 2 of bidding process
SJS Enterprises is among the three issues that hit the primary market in the holiday-shortened week. PB Fintech and Sigachi Industries are the other two issues that opened for subscription on Monday.
CBIC introduces auto-renewal for tier 1 AEO license holders
AEOs are importers or exporters involved in international movement of goods that opt for the AEO certification programme. The certification is internationally recognised and gives such companies benefit of reduced time of clearance, lower costs and minimal disruption in cargo flow through customs, as they're considered secure and reliable trading partners.
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