Unicommerce eSolutions' IPO was 78% subscribed within two hours on Tuesday, with retail investors driving demand. Offered entirely as a sale of up to 2.56 crore shares, the price band is Rs 102-108 per share. Unicommerce, an e-commerce SaaS platform, experienced revenue and profit growth in FY24.
The UK has called for a United Nations-led investigation into the recent crisis in Bangladesh that led to Prime Minister Sheikh Hasina’s resignation and departure. Foreign Secretary David Lammy stressed the need for an independent inquiry into the violence and called for a peaceful and democratic future for Bangladesh. While Hasina’s potential asylum in the UK remains unconfirmed, the situation continues to evolve with an interim government now in place in Bangladesh.
A total of 9,621 shares changed hands on the counter till 12:18PM (IST)
Bangladesh Former Prime Minister Sheikh Hasina resigned and left Bangladesh following violent student protests over job quotas, resulting in hundreds of deaths. False social media claims suggested that cricketer Liton Das's house was burned, but it was actually former captain and MP Mashrafe Mortaza's home that was targeted by protesters.
On Tuesday, the Enforcement Directorate filed a supplementary charge sheet against former railway minister Lalu Prasad, his son Tejashwi Yadav, and eight others in the land-for-jobs scam. The charge sheet, presented before Special Judge Vishal Gogne, is set for consideration on August 13. The case, originating from a CBI FIR, involves Group-D appointments in the West Central Zone of railways in Jabalpur during Prasad's tenure (2004-2009). These appointments allegedly involved land parcels transferred to Prasad’s family or associates.
A total of 6,662 shares changed hands on the counter till 12:07PM (IST)
Seed balls made of native species will be dropped at Asola-Bhatti Wildlife Sanctuary in Delhi using drones and catapults on August 10. The seeds, mixed with soil, cow dung, neem cake, and trichoderma, aim to promote greenery in remote areas. This initiative, part of a mega plantation drive, includes manual sapling plantations and aims to ensure plantation in inaccessible areas like mining pits or small islands.
The factory will be commissioned in two phases and the first phase of 500 Megawatt (MW) annual capacity for electrolyzer production is expected to be operational in 2026. The new factory is being set up in partnership with Splitwaters, a US-based provider of cutting-edge alkaline electrolyzer and BOP (Balance of Plant) equipment.
So, if there is a meaningful correction in names like VIP or Marico where there is a strong linkage in terms of their overall business, I think we should surely look at some of these companies in terms of buying into it if there is a negative reaction.
On Tuesday, leaders of the INDIA alliance staged a protest outside the Makar Dwar in Parliament, demanding the rollback of the 18% GST on health and life insurance. Congress leader Rahul Gandhi joined the demonstration, with Congress MP Jebi Mather criticizing the government for showing "no respect for human faith" with the tax. TMC MP Sudip Bandyopadhyay also condemned the GST, calling it "anti-people" and urging its immediate removal. Protests are expected to continue, with calls for Finance Minister Nirmala Sitharaman to address the issue.
A total of 3,692 shares changed hands on the counter till 12:02PM (IST).
Sheikh Hasina Family: Bangladesh Prime Minister Sheikh Hasina resigned amid protests over job quotas and fled to India. General Waker-Uz-Zaman is also connected to Hasina through family ties, as her cousin-in-law. Hasina’s family history includes the 1975 assassination of her family and her return from exile in 1981. Her late husband was a physicist, and her children are active in politics and global health.
Amid political turmoil in Bangladesh potentially driving textile companies to outsource to countries like India, textile stocks surged on Tuesday. Gokaldas Exports, Century Enka, and SP Apparels saw gains of up to 18%. Gokaldas Exports hit a 52-week high of Rs 1,089.40 on the NSE, driven by expectations of increased textile exports from India.
A total of 10,288 shares changed hands on the counter till time (IST).
Adrian Mowat, an equity strategist, discussed recent market volatility and highlighted the performance of Taiwan and India in emerging markets. He noted that an accommodative policy stance from the Fed could encourage investment in cyclical stocks and boost emerging markets, particularly China's underperforming equities, if there is flow through passive products.
Akums Drugs and Pharmaceuticals saw its shares rise 8% to Rs 784.6 on its debut, despite a strong subscription rate of 63.44 times. Analysts recommend holding for long-term gains, highlighting the company's solid fundamentals and leading market position. The IPO funds will be used for debt repayment, working capital, and acquisitions.
The Bank of England stated that Britain's major banks could now be wound down during a crisis without requiring taxpayer support. This development follows improved mechanisms that allow failing banks to continue operations and provide services while the financial burden is placed on shareholders and investors. This approach stems from lessons learned during the 2007-09 financial crisis.
Consuming too much salt can lead to hypertension, which increases the risk of heart disease and stroke.
A total of 7,661 shares changed hands on the counter till 11:52AM (IST).
A total of 2,788 shares changed hands on the counter till 11:47AM (IST)
According to the Sebi mandate, small cap schemes must invest in companies that are ranked below 250 in terms of market capitalisation. These schemes also will have to invest at least 65% in small cap stocks. Small companies go through many ups and downs - more than the established companies in the large and mid cap segments.
Former Bangladesh Prime Minister Sheikh Hasina has stayed in India, while military personnel onboard a military plane left Hindon airbase without her. The situation remains unstable, with speculations of Hasina moving to the UK, Belarus, or Moscow. The country is grappling with escalating protests, primarily driven by student demands for job quota changes.
Bangladesh's Prime Minister Sheikh Hasina was ousted on Monday, and forced to flee the country. Protests have been gripping the nation for weeks, stemming from agitation against job quotas. As Hasina quit and got on a helicopter to fly to India, protesters stormed her official residence and many were seen celebrating her ouster on streets. As Bangladesh grapples with this political crisis, this situation is not a first for India as a neighbour. New Delhi's neighbouring countries have seen many instances of violence, chaos and political crises. Читать дальше...