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Top News / The Economic Times

TBO Tek IPO booked 39% so far on first day. Check subscription, GMP, and other details

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.

8 May 2024 2:12 pm
Jamnagar-based Winsol Engineering's IPO booked 140x so far on Day 3; Refractory Shapes' issue subscribed 24x

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.

8 May 2024 2:09 pm
Voltas shares drop 5.07% as Sensex falls

The stock quoted a 52-week high of Rs 1500.0 and a 52-week low of Rs 745.0.

8 May 2024 2:08 pm
How much money do you need to immigrate to Canada in 2024 under Express Entry?

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.

8 May 2024 2:06 pm
India reverses old trend in medical consumables business, is now a net exporter

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.

8 May 2024 2:06 pm
Pidilite Ind shares down 4.15% as Nifty gains

A total of 57,864 shares changed hands on the counter till 02:04PM (IST).

8 May 2024 2:03 pm
'Iron Man' star Robert Downey Jr set for Broadway debut in 'McNeal' by Ayad Akhtar

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.

8 May 2024 2:02 pm
Civil aviation ministry calls for a report from Air India Express regarding cancellation of flights

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).

8 May 2024 2:01 pm
Why did Ranveer Singh delete wedding pictures with Deepika Padukone: Actor reveals what really happened

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.'

8 May 2024 2:00 pm
We are happy that we were able to deliver about 19% growth rate in a challenging environment: Rajan Sethuraman, LatentView Analytics

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.

8 May 2024 1:59 pm
2024 Porsche Panamera launched in India; Check price, features, performance and more

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.

8 May 2024 1:59 pm
F&O stocks: UltraTech Cements, Cholamandalam Investment and Finance among 5 stocks with short buildup

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.

8 May 2024 1:58 pm
Bharat Forge shares up 5.42% as Nifty drops

A total of 151,612 shares changed hands on the counter till time (IST).

8 May 2024 1:54 pm
AI Express flight cancellations: Cong, CPI seek Aviation Ministry intervention

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.

8 May 2024 1:53 pm
DG Innovate joins hands with EVage Motors, forays into domestic EV space

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.

8 May 2024 1:53 pm
Canara Bank Q4 Results: Profit jumps 18% YoY to Rs 3,757 crore; NII rises 11%

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

8 May 2024 1:49 pm
Tube Investments shares fall 2.5% as Nifty drops

A total of 3,529 shares changed hands on the counter till time (IST).

8 May 2024 1:47 pm
Union Power Minister R K Singh owns movable, immovable assets worth Rs 10.49 crore

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.

8 May 2024 1:45 pm
Nationwide computer outage causes lengthy delays for travelers at major UK airports

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.

8 May 2024 1:45 pm
China says Hong Kong protest song ban 'necessary measure'

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.

8 May 2024 1:43 pm
If Congress takes steps to step to bring down Nayab Saini govt, we will support: Dushyant Chautala

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.

8 May 2024 1:42 pm
To build a corpus of Rs 5.3 crores in 30 years, one needs to invest Rs 17,000 per month

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.

8 May 2024 1:41 pm
Tokyo shares end down on profit-taking

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.

8 May 2024 1:32 pm
Share price of DLF jumps as Sensex gains 165.68 points

A total of 83,632 shares changed hands on the counter till 01:28PM (IST)

8 May 2024 1:28 pm
Gulf's version of the Schengen visa to be called 'GCC Grand Tours', open up access to six countries

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.

8 May 2024 1:26 pm
Sam Pitroda's 'racist' remarks: Congress distances itself from 'East Indians look like Chinese' statement

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.

8 May 2024 1:23 pm
M-cap of 81 listed PSUs has grown 225% under Modi govt: FM

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.

8 May 2024 1:22 pm
European shares open higher on earnings-driven optimism

The pan-European STOXX 600 was up 0.3%, as of 0720 GMT, to its highest levels in more than one month

8 May 2024 1:22 pm
Borrowing Rs 3.5 lakh cr is DMK govt's achievement, alleges Palaniswami

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.

8 May 2024 1:20 pm
Real estate demand continues to stay strong; buy strong players: Hiren Ved

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.

8 May 2024 1:19 pm
F&O stocks: PFC, ABB India among 5 stocks with long buildup

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.

8 May 2024 1:18 pm
WBCHSE Class 12th toppers list 2024: Here are West Bengal Board Class 12 toppers names, marks scored, rank and other details

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.

8 May 2024 1:18 pm
RBI's latest norms may derail Modi govt's flagship economy driver

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

8 May 2024 1:17 pm
Animals that take revenge when attacked

Elephants, chimpanzees, dolphins and other animals that can take revenge on you if you attack them. What are the most revengeful animals on earth?

8 May 2024 1:17 pm
Siemens shares up 3.15% as Nifty gains

A total of 10,201 shares changed hands on the counter till time (IST).

8 May 2024 1:13 pm
Cryptocurrency Price on May 8: Bitcoin slips below $62,500; Solana, Dogecoin fall decline over 4%

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.

8 May 2024 1:11 pm
Why CSIR scientists are turning up at work in wrinkled clothes every Monday

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.

8 May 2024 1:10 pm
'This is the most unexciting poll, but...': Swaminathan decodes why Modi will still be back even if BJP loses 100 seats

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.

8 May 2024 1:07 pm
Janhvi Kapoor planning a Tirupati wedding with Shikhar Pahariya? Actress reveals the truth

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

8 May 2024 1:06 pm
Aadhar Housing Finance IPO booked 19% so far on the first day. Check subscription, GMP and other details

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%.

8 May 2024 1:06 pm
Myanmar displaced now at 3 million: UN

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.

8 May 2024 1:05 pm
'South Indians look like Africans ...': Seven times when Sam Pitroda derailed Congress' political cart

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

8 May 2024 1:04 pm
101-year-old woman spearheads home voting trend in Maoist-hit Singhbhum

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.

8 May 2024 1:02 pm
Shree Cements rises 0.12% as Sensex climbs

The stock traded at a P/E multiple of 38.57, while the price-to-book value ratio stood at 5.07.

8 May 2024 12:53 pm
Nawgati launches Nawgati Billing App to boost transparency at CNG fuel stations

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.

8 May 2024 12:46 pm
BJP govt not in trouble, working strongly: Haryana CM Saini

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.

8 May 2024 12:43 pm
Israel reopens key crossing for aid to enter Gaza that was closed over weekend rocket attack

An Israeli tank brigade seized the nearby Rafah crossing early Tuesday, and it remains closed.

8 May 2024 12:36 pm
F-16 Fighter jet crashes at Singapore airbase

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

8 May 2024 12:32 pm