The IPO, comprising a fresh issue of ₹1,000 crore and an offer for sale (OFS) of 1.77 crore existing shares, received overwhelming demand, with over 20 times subscription at its close. The company plans to utilize the funds from the fresh issue primarily for debt reduction and general corporate purposes.
Rahul Gandhi accuses BJP of pushing Manipur into civil war, criticizes PM Modi for neglect. Ethnic violence in Manipur due to tribal protests. Gandhi highlights women's plight in the state. Lok Sabha debate intensifies as Manipur burns under BJP policies.
The West Bengal government has decided to end temporary relief measures for the real estate sector, including a 2 per cent stamp duty reduction and 10 per cent circle rate slash, effective July 1. Initially introduced in October 2021 to combat COVID-19 economic impacts, the benefits were extended multiple times. Sushil Mohta, of CREDAI West Bengal, expressed gratitude for the measures but urged a reconsideration, emphasizing the sector's significant contributions to the state's economy.
Pradeep S. Mehta, Secretary-General of CUTS International, suggested that India's 2024-25 Budget should include dedicated climate finance institutions through public-private partnerships during a webinar on accelerating private investment in climate finance. Mehta stressed the importance of private sector involvement for a sustainable and resilient future, highlighting the need for collaboration, innovation, and commitment.
Indian crypto traders are flocking to Futures & Options (F&O) markets, with leading exchanges like CoinDCX and Delta Exchange experiencing a volume surge. However, a cloud of uncertainty hangs over the regulatory landscape regarding F&O taxation. This shift is driven by a desire to avoid the 1% TDS imposed by the government on spot crypto trading.
Fuel sales data from April to June indicates a growth in petrol and diesel consumption, with petrol sales rising by 4.2% and diesel sales by 0.7% year-on-year. The aviation turbine fuel (ATF) and liquefied petroleum gas (LPG) sales also saw increases, reflecting a positive trend in the national oil product demand.
The 287-km Bengaluru Circular Rail Link aims to reduce congestion and enhance connectivity around the city's outskirts with a Rs 23,000 crore budget. The state government will cover land acquisition costs, while the Railways handle construction. The project, crucial for complementing the Bengaluru Suburban Rail Project, is progressing with the detailed project report for Devanahalli to Doddaballapur nearly complete.
UPSC Civil Services Prelims 2024 results are out for the June 16 exam. Candidates can access them on upsc.gov.in. Successful candidates move to the Mains round, including a written examination and personality test starting September 20.
Benchmark 10-year Treasury yields rose Monday to their highest levels since mid-June at the start of a holiday-shortened week that will likely be marked by low trading volumes.
Copa America 2024 quarter-final line-up is out and Lionel Messi's Argentina will play Ecuador this week. However, the soccer match will be no less than "another final", according to Ecuador head coach.
Omnichannel beauty platform Purplle has closed a Rs 1,000 crore funding round. This and more in today’s ETtech Top 5.
The Gangatiri breed, native to eastern Uttar Pradesh and western Bihar, is celebrated for its disease resistance and cost-effectiveness. It is well-suited to the region, requiring minimal input costs while producing between 8-10 liters of milk daily from cows weighing 300-350 kg. The National Bureau of Animal Genetic Resources (NBAGR) registered the genetically improved Gangatiri breed in 2015, potentially enhancing its milk yield further.
The Dow Jones Industrial Average rose 67.34 points, or 0.17%, at the open to 39,186.20.
In a report, prepared by the Vidhi Centre for Legal Policy on behalf of the Aayog, it had proposed imposing liability and the extent of liability arising from any harms or damages caused by the use of facial recognition technology (FRT) system. Besides, the Aayog has suggested a need for an ethical committee to address issues pertaining to transparency, accountability, and biases emanating from the use of such systems in India.
Finance Minister Nirmala Sitharaman criticised Congress leader Rahul Gandhi for his remarks in the Lok Sabha, accusing him of promoting Hindu hate and claiming his opposition alliance follows suit. Gandhi had stated that those identifying as Hindu are engaged in violence and hate, prompting backlash . Prime Minister Narendra Modi intervened, emphasising the seriousness of labeling the entire Hindu society as violent.
A mysterious monolith has appeared at Morning Fresh Dairy Farm in Bellvue, Colorado, drawing public interest. Recently, a similar monolith was found near Gass Peak in Las Vegas, adding to the ongoing intrigue surrounding these structures.
A survey that was conducted after the first US Presidential Debate has revealed that a number of registered voters are of the opinion that Joe Biden should not contest the upcoming US Presidential Election in November. Many Democrats have voiced their concern and called for replacing him on the ballot.
Because of a "structural failure," the Tianlong-3 rocket separated from its testing platform while its propulsion system was being tested and lifted off from its launchpad, the rocket's owner Space Pioneer said in a statement. The accident occurred at 3:43 p.m. local time Sunday at a test facility in Gongyi city in central China's Henan province, the statement said.
The monthly average maximum temperature in the region settled at 38.02 degrees Celsius, 1.96 degrees Celsius above normal. The average minimum temperature stood at 25.44 degrees Celsius, 1.35 degrees Celsius above normal, according to IMD data.
Union minister Chirag Paswan criticised Rahul Gandhi for opposing devotees of Lord Shiva in his anti-government stance, accusing him of lowering the dignity of the leader of opposition role. Paswan, a follower of Lord Shiva, condemned Gandhi's actions in the Lok Sabha. He questionied the authenticity of his faith and statements against the government. Paswan emphasised the importance of maintaining respect and integrity in political discourse.
"A Quiet Place: Day One," has hit theaters, with discussions about a sequel. As the film is expected to make a huge impact on the box office, writer/director Michael Sarnoski has spoken about the future of the franchise
Elon Musk- owned The Boring Company planned the Las Vegas Convention Center Loop, or LVCC Loop, which could be a system of tunnels where people could travel on pods. But there are no pods in the neon-colored well-constructed tunnel, there are driver-manned Tesla cars instead.
Exchanges frequently offer lower fees to brokers who generate high trading volumes, which has led to increased activity across segments such as derivatives. Sebi is considering asking exchanges to halt this practice as part of a broader strategy to temper the excessive trading activity in India's derivative markets.