Top News / The Economic Times
TBO Tek IPO comprises a fresh equity issue worth up to Rs 400 crore and an OFS of up to 1.25 crore shares by existing investors. Gaurav Bhatnagar, Manish Dhingra, LAP Travel, TBO Korea, and Augusta TBO will offload shares under the OFS.
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.
The stock quoted a 52-week high of Rs 1500.0 and a 52-week low of Rs 745.0.
Canada has introduced new proof of funds rules for Express Entry applicants under the Federal Skilled Worker Program (FSWP) and the Federal Skilled Trades Program (FSTP) effective May 28, 2024. Candidates must update their profiles by May 27, 2024, to meet the revised settlement funds requirements and provide acceptable documentation from financial institutions.
Till now, foreign-sourced goods used to dominate the medical consumables and disposables market in the country. In the fiscal year 2022-23, India was finally able to reverse that old trend, having sold more than it bought.
A total of 57,864 shares changed hands on the counter till 02:04PM (IST).
Hollywood icon Robert Downey Jr is stepping onto Broadway for the first time in McNeal, a play by Ayad Akhtar. Directed by Bartlett Sher and produced by Downey Jr's Team Downey and Lincoln Center Theater, the play explores the complexities of storytelling and humanity through the character of Jacob McNeal, a renowned author with personal and professional challenges.
The Ministry of Civil Aviation has requested a report from Air India Express regarding flight cancellations and urged the airline to promptly resolve any issues. The airline, owned by Tata Group, faced cancellations reportedly due to protests by some cabin crew members over alleged mismanagement. The discontent among cabin crew has escalated, particularly during the merger process with AIX Connect (formerly AirAsia India).
Ranveer Singh's recent action on Instagram, where his wedding pictures with Deepika Padukone disappeared, sparked curiosity among fans. Despite speculation, his team clarified that the photos were archived, not deleted. This move, affecting an account with over 47 million followers, raises questions about social media strategies. The couple, expecting their first child, continues with professional projects like 'Singham Again' and 'Kalki 2898 AD.'
CEO Rajan Sethuraman discusses sustained growth, challenges in demand, and areas of focus like generative AI space, Microsoft Fabric ecosystem, and consumer vertical traction driving revenue expectations in FY25.
Introducing the latest luxury offering in the Indian automotive market: the 2024 Porsche Panamera. Priced at Rs 1.70 crore (ex-showroom), this third-generation Panamera comes packed with upgrades across design, features, chassis, and powertrain. With deliveries set to kick off promptly, let's delve into the remarkable enhancements that define this new Panamera experience.
To understand it we have to look at what short selling means. When a trader is expecting the stock prices to fall, he may sell the stock without owning that and buy at a lower price, for example, stock XYZ is trading at 100, a trader sells the stocks at Rs 100 and buys it back at Rs 90. He made a profit of Rs 10. Selling the stocks without owing the underlying stock is called short selling.
A total of 151,612 shares changed hands on the counter till time (IST).
Leader of Opposition in the state assembly V D Satheesan wrote to Union Aviation Minister Jyotiraditya M Scindia highlighting the plight of the passengers and seeking his urgent intervention to ensure alternative travel arrangements for those affected.
UK-based advanced R&D firm DG Innovate on Wednesday announced its entry into the domestic electric vehicle space through a joint venture with electric commercial vehicle startup EVage Motors. The JV, which will be 60 per cent owned by DG Innovate and 40 per cent by the Indian partner, will produce electric motors for both domestic and overseas markets, EVage said.
Canara Bank Q4 Results: The company's Board has also recommended a dividend of Rs 16.10 per share, 161% of face value each, for the financial year 2023-24
A total of 3,529 shares changed hands on the counter till time (IST).
Union Power Minister R K Singh, seeking re-election from Arrah Lok Sabha seat, declared movable and immovable assets worth Rs 10.49 crore in his affidavit. His wife's assets amount to Rs 1.83 crore. Singh's nomination for the election was filed on Tuesday. In the affidavit, he disclosed his movable assets at Rs 96.13 lakh and immovable assets at Rs 9.53 crore, while his wife's movable assets stand at Rs 43 lakh and immovable assets at Rs 1.40 crore.
A nationwide computer breakdown caused delays at immigration at Heathrow. Home Office verified that there was no indication of a cyberattack. Border Force worked in conjunction with several airports. There have been no reported flight interruptions. To review for future prevention by the authorities.
China defended the banning of Glory to Hong Kong, a protest song from the city's 2019 democracy demonstrations, calling it a ecessary measure. The foreign ministry stated that preventing the song's dissemination was a legitimate action to uphold national security responsibilities in Hong Kong.
Jannayak Janta Party (JJP) leader Dushyant Chautala on Wednesday said that if Leader of Opposition B S Hooda takes steps to bring down the Nayab Saini government, his party would support the move. The former deputy chief minister's statement came a day after three Independent MLAs withdrew support to the Saini government.
There are 4 pillars of retirement income namely, social security, employment-based plans, personal retirement assets and family / social structure. Social security in India is not as developed or as widespread as the ones in advanced countries. Only people working in the organized sector and for the government are eligible for employment-based pension plans, says Suresh Soni, CEO, Baroda BNP Paribas Mutual Fund.
Investors were keeping a close eye on forex markets as the yen weakened following Friday's rally, which came at the end of a volatile week that led to speculation Japanese authorities had intervened to support the unit.
A total of 83,632 shares changed hands on the counter till 01:28PM (IST)
The GCC Grand Tours unified tourist visa aims to boost tourism by simplifying travel across Gulf countries, with an estimated 128.7 million visitors by 2030, enhancing the regional economy and cultural exchange opportunities.
The Indian National Congress distanced itself from allegedly racist remarks made by Sam Pitroda, Chairman of Indian Overseas Congress, regarding the appearance of people from different regions. Congress General Secretary Jairam Ramesh denounced Pitroda's comments, stating they were unfortunate and unacceptable. Pitroda's controversial statements have intensified scrutiny on the party's stance.
Sitharaman claimed that PSUs are thriving and benefiting significantly from the culture of professionalism infused in them along with increased operational freedom. Modi Govt's focus on capital expenditure has also led to substantial growth in their stock performance, her tweet stated.
The pan-European STOXX 600 was up 0.3%, as of 0720 GMT, to its highest levels in more than one month
Palaniswami, also the leader of opposition, alleged that the DMK government has done no good for the people and did not fulfill assurances that would be beneficial to the people and the Stalin-led regime deceived the people.
Three large ones and then you have the few ones which are focused in the South. But now, I think everybody is getting everywhere because what happened was that the industry got massively consolidated. So, the number of players in each geography really shrunk.
In Wednesdays trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh long position or not.
The West Bengal HS Class 12 Result 2024 has been officially announced by the WBCHSE, with the results and the list of toppers set to be available on the official website. Anticipation is high as students await the unveiling of this year's academic stars, following the exceptional performances of the previous year.
RBI's draft guidelines propose increased provisioning for infrastructure projects under construction, potentially impacting India's capital expenditure momentum. Banks fear higher provisions could elevate interest rates, delay projects, and stress loans. This move could impede the Modi government's capex drive, which has invigorated private sector activity. Despite historical loan default trends, RBI's rationale for these stringent measures remains unclear
Elephants, chimpanzees, dolphins and other animals that can take revenge on you if you attack them. What are the most revengeful animals on earth?
A total of 10,201 shares changed hands on the counter till time (IST).
In Wednesday's trading session, the cryptocurrency market experienced a downturn, led by prominent coins like Bitcoin, Ethereum, Solana, and Dogecoin. The global cryptocurrency market cap decreased by 1.8%, reaching around $2.3 trillion within 24 hours.
By going to office in unironed clothes one day every week, scientists at CSIR seek to iron out the glitches in the big climate fight plan by contributing to India's energy conservation efforts.
Renowned economist and journalist Swaminathan Aiyar predicts Prime Minister Narendra Modi's return to power, regardless of potential seat losses. He emphasizes Modi's popularity over concerns like unemployment and inflation. Swaminathan stresses the lack of excitement in the current election and the need for education reform to address unemployment. Despite challenges, he foresees Modi's continued leadership.
Janhvi Kapoor swiftly addressed recent speculation about her relationship with Shikhar Pahariya, dismissing rumors of an imminent wedding at Tirupati Temple with a playful yet decisive Kuch bhi (What even!) comment on social media. Despite occasional rumors and a reported rough patch, their relationship has been marked by public appearances and hints of reconciliation. Her father, Boney Kapoor, has expressed fondness for Shikhar, emphasizing their enduring camaraderie even during times of separa
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%.
The number of displaced people in Myanmar has reached three million, the United Nations said, the vast majority forced to flee their homes by conflict unleashed by the military's 2021 coup. The coup sparked renewed clashes with established ethnic armed groups and birthed dozens of new People's Defence Forces that the military has failed to crush.
Congress leader Sam Pitroda has sparked controversy with remarks comparing Indians from different regions to people of various ethnicities, stating, We are all brothers and sisters. His comments were criticized by Assam Chief Minister Himanta Biswa Sarma and BJP's Kangana Ranaut. Pitroda has a history of controversial remarks, including endorsing an inheritance tax and questioning the Balakot air strikes. The Congress has distanced itself from his comments, emphasizing they don't always align wi
The DC said the constituency has more than 62 voters who are over 100 years old. Among them is Walter Lakra of Nandpur area within Manoharpur police station limits, who conveyed to the DC his inability to walk to the polling booth. Chaudhary assured him that he would get the option to exercise his franchise at his doorstep.
The stock traded at a P/E multiple of 38.57, while the price-to-book value ratio stood at 5.07.
By incorporating this app, Nawgati will seamlessly integrate with existing Android POS machines, providing real-time access to crucial information during each fueling transaction at CNG stations anywhere in the country.
Haryana Chief Minister Nayab Singh Saini assured that his government remains robust despite three Independent MLAs withdrawing support from the BJP administration. The move leaves the Saini government in a minority in the 90-member House. Saini reiterated government stability while campaigning for BJP's Sirsa Lok Sabha candidate.
An Israeli tank brigade seized the nearby Rafah crossing early Tuesday, and it remains closed.
An F-16 fighter jet crashed at a military airbase in Singapore, but fortunately, there were no casualties. The pilot ejected successfully and is receiving medical attention. The crash occurred due to an issue during take-off, and the pilot followed emergency procedures. The Singapore air force, known for its advanced capabilities in Southeast Asia, is investigating the incident. This is a rare occurrence in Singapore, with the last similar incident being a military helicopter emergency landing i