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The Prime Minister's Workplace stated the RBI Retail Direct Plan is aimed at boosting access to the government securities market for retail financiers ... Prime Minister Narendra Modi will launch two innovative, customer-centric initiatives of the Reserve Bank of India (RBI), the retail direct plan and the integrated ombudsman plan, via video-conferencing on Friday.In a declaration on Thursday, the Prime Minister's Office (PMO) said the RBI Retail Direct Plan is focused on boosting access to the federal government securities market for retail investors.It offers them a brand-new avenue for straight purchasing the securities released by the Centre and the state federal governments. The financiers will be able to easily open and preserve their government securities accounts online with the RBI free of charge, it added.The Reserve Bank-Integrated Ombudsman Scheme intends to additional enhance the complaint redress mechanism for dealing with client grievances versus entities controlled by the main bank.The PMO said the central theme of the scheme is based on One Nation-One Ombudsman with one portal, one e-mail address and one postal address for the consumers to lodge their complaints.There will be a single point of recommendation for the clients to submit their problems, send documents, track the status of their problems and provide feedback. A multi-lingual toll-free contact number will supply all the pertinent info on grievance redress and assistance for filing grievances.(Except for the heading, this story has not been edited by TheIndianSubcontinent personnel and is released from a syndicated feed.)
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With Uttar Pradesh assembly elections simply months away, the central federal government on Wednesday cleared a hike in ethanol rate by 80 paise a litre ...
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Policybazaar's Rs 5,625 crore IPO comprises a fresh issue of Rs 3,750 crore, along with an offer for sale (OFS) of Rs 1959.72 crore by existing promoters and investors ...
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Musk, the world's wealthiest guy, sold about 930,000 shares earlier in the week, a filing with the US Securities and Exchange Commission financial regulator revealed ... Musk still holds more than 170 million Tesla shares, according to the SEC documentsTesla CEO Elon Musk sold approximately $1.1 billion in shares of his electric cars and truck company, after showing over the weekend he would sell 10 percent of his stock based on the outcomes of a Twitter poll.However the sell was put in motion on September 14, according to files filed Wednesday, meaning it was not stimulated by the survey's outcome.Musk, the world's wealthiest male, offered about 930,000 shares on Monday, a filing with the United States Securities and Exchange Commission financial regulator showed.On Saturday, Musk polled his more than 62 million Twitter fans about whether he must sell 10 percent of his Tesla shares, insisting he would do as citizens state. The people voted yes. The electric vehicle maker's inquiry followed a proposition by United States Congressional Democrats to tax the extremely wealthy more greatly by targeting stocks, which are generally only taxed when sold.Following the poll, Tesla's share price plunged Monday, meaning the 50-year-old business owner offered his stock at a significantly lower price than if he had actually sold it prior to his tweet, losing tens of countless dollars in latent profit.Musk still holds more than 170 million Tesla shares, according to the SEC files, worth an overall of $183 billion at Wednesday's closing price.On Monday, the Tesla creator excercised 2.15 million stock choices, purchasing the securities at $6.24 each-- less than one percent of their present value(Other than for the heading, this story has actually not been modified by TheIndianSubcontinent personnel and is published from a press release)
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The bank's net interest earnings increased by 2 per cent to Rs 7,566 crore in September quarter of 2021-22 ...
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FSN Ecommerce Ventures the promoter of online style merchant - Nykaa - will make its stock market launching at 10:00 am today ... The Indian equity criteria are set to stage a space down opening as shown by the Nifty Futures traded on the Singapore Exchange. The Nifty Futures on Singapore Exchange, also referred to as the SGX Nifty Futures, fell 0.7 percent or 128 points to 17,952 amid weak international hints. Asian stock exchange were becalmed on Wednesday as rises in oil and Chinese factory prices contributed to concerns that a hot U.S. inflation checking out might renew pressure on policymakers to lift rate of interest. Factory gate prices in China have actually soared 13.5 percent year-on-year to October, data revealed, beating forecasts and warning of pressure heading down supply chains to worldwide consumers.MSCI's broadest index of Asia-Pacific shares outside Japan and Japan's Nikkei each dropped 0.2 percent in and Overnight on Wall Street a long rally stopped briefly, with the Nasdaq logging its very first fall in a lots sessions.Overnight, world stock indexes slid on Tuesday, bringing a multi-day rally of record closing highs to a wrap as profit-taking and concerns over continuous inflation sustained a broad selloff.The retreat came as a solid rise in producer prices last month deepened issues over inflation and oil rates have soared to seven-year highs, increasing the U.S. retail gasoline cost to $3.42 a gallon, the highest in 7 years. Meanwhile, U.S. Treasury yields edged lower.The Dow Jones Industrial Average fell 0.31 percent and the S-P 500 lost 0.35 per cent. The Nasdaq Composite dropped 0.6 per cent.Back house, foreign institutional investors offered shares worth Rs 2,445 crore on Tuesday while domestic institutional financiers purchased shares worth Rs 1.417.63 crore.FSN Ecommerce Ventures the promoter of online style seller - Nykaa - will make its stock market launching at 10:00 am today. The business sold shares in the rate band of Rs 1,085-1,125 per share and the problem was subscribed 82 times.Zomato, Bank of Baroda, Affle India, India Cements, Oil India and KIMS will remain in focus as they will report their September quarter incomes later in the day.
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Fuel and Diesel Cost Today: In the nationwide capital, petrol is being cost Rs 103.97 per litre, while diesel rate is Rs 86.67 per litre, according to Indian Oil Corporation ...
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Paytm's initial public offer got subscribed 1.89 times on Wednesday, the final day of its subscription...
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Petrol and Diesel Price Today: In the national capital, petrol is being sold for Rs 103.97 per litre, while diesel rate is Rs 86.67 per litre, according to Indian Oil Corporation...
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Shares of Rivian Automotive rose 53 per cent in its Nasdaq debut, offering the Amazon-backed electric automobile maker a market assessment of over $100 billion after the world's greatest IPO this year ... Rivian IPO: Shares rose as much as 53 percent in Nasdaq debutShares of Rivian Automotive Inc rose as much as 53 percent in its Nasdaq launching on Wednesday, providing the Amazon-backed electrical car maker a market valuation of more than $100 billion after the world's biggest initial public offering this year.Rivian shares closed at $100.73, marking an almost 30 percent dive from its offering price. That made Rivian the 2nd most valuable U.S. car manufacturer after Tesla Inc, which is worth $1.06 trillion. Despite simply having started offering vehicles and having little revenue to report, Rivian ranked ahead of General Motors Co at $86.05 billion, Ford Motor Co at $77.37 billion, and Lucid Group at $65.96 billion.Rivian also has difficulty ramping up production in Illinois as supply-chain restraints have actually hit automakers internationally. Last July, the EV maker stated COVID-19 and its impact on providers had postponed the launch of cars out of Illinois.Since in 2015, EV business have actually emerged as some of the hottest financial investments. Including securities such as choices and restricted stock systems, Rivian's completely watered down appraisal surpassed $106 billion at its launching price.The IPO permitted Rivian to raise about $12 billion to money growth, and that figure might increase to $13.7 billion if the full over-allotment of shares is worked out. This makes it the biggest U.S. IPO considering that Alibaba Group Holding Ltd went public in September 2014. The shift to a public company (and) the development in our capital base allows Rivian to develop appealing products and volume and development in regards to brand-new segments and brand-new automobiles that we'll be entering into, Rivian President R.J. Scaringe said in an interview.Wall Street's most significant institutional financiers, consisting of T. Rowe Price and BlackRock, are betting on Rivian to be the next big player in a sector dominated by Tesla Inc amid installing pressure on automakers in China and Europe to get rid of automobile emissions.Amazon.com Inc is Rivian's biggest investor with a 20 percent stake.Rivian's IPO comes versus the backdrop of the United Nations Environment Top, where car manufacturers, airline companies and federal governments unveiled a raft of pledges to cut greenhouse gas emissions from international transport.GM CEO Mary Barra on Wednesday stated Rivian's IPO just demonstrated how undervalued her business is. What it highlights to me is the big chance, she said at a New york city Times event. General Motors is so underestimated. Expansion PlansRivian has actually been investing greatly to boost production, doubling down on its high end all-electric R1T pickup released in September. It prepares to follow that with an SUV and shipment van, striking some of the hottest segments in the market.The Irvine, California-based business plans to develop at least one million lorries a year by the end of the decade, Scaringe said. It has a plant in Illinois, and has actually announced plans to open a second U.S. factory and eventually establishing production in China and Europe. Rivian remains in the early stages of providing its first cars to clients, which informs investors the company and vehicles are 'real' and not simply images in a slide deck, D.A. Davidson - & Co expert Michael Shlisky said. This has actually been a concern with other EV business in recent months. On Wednesday, 10 ecological and advocacy groups, including Sierra Club and Greenpeace, advised Rivian to engage with labor unions as the company grows. Workers at Rivian's plant in Illinois are not unionized.Founded in 2009 as Mainstream Motors by Scaringe, the business was renamed in 2011 as Rivian, a name originated from Indian River in Florida, a location Scaringe frequented in a rowboat as a youth.Scaringe will hold all outstanding Class B common shares after the IPO and get 10 votes per share, Rivian said in a filing.Rivian, likewise backed by Ford, priced an upsized IPO of 153 million shares at $78 per share, raising nearly $12 billion, making it among the greatest U.S. IPOs of perpetuity. Ford decreased to reveal prepare for its Rivian stake of about 12 percent, which was worth about $10 billion on Wednesday.Amazon, T. Rowe Price, Franklin Templeton, Capital Research and Blackstone are amongst a group of cornerstone financiers which are suggested to buy up to $5 billion worth of shares, according to the filing.Rivian's shares were also used to retail financiers on Social Finance Inc (SoFi). Morgan Stanley, Goldman Sachs and J.P. Morgan were the lead underwriters for the offering.
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Core inflation has stayed raised ... and we are keeping an extremely close watch onthe advancement of core inflation, RBI Governor said ...
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The ex-SBI chief had been apprehended on October 31 from his house in Delhi in connection with a loan case of the hotel in Jaisalmer ...
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Equity schemes have actually been seeing a net inflow because March this year ...
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HDFC Bank, ICICI Bank, Tata Steel, Hindustan Unilever and Kotak Mahindra Bank were among the top drags on the Sensex ... The Indian equity criteria edged lower for second straight session on Wednesday dragged down by losses in HDFC Bank, ICICI Bank, Tata Steel, Hindustan Unilever and Kotak Mahindra Bank. The Sensex fell as much as 466 points and Awesome 50 index briefly dropped below 17,950. The markets came off intraday low levels in afternoon trading on the back of purchasing interest in Reliance Industries, Bharti Airtel, Mahindra - & Mahindra and ITC.The Sensex ended 81 points lower at 60,352 and Nifty 50 index fell 27 points to close at 18,017. Sustaining above 18,000 will be an important level for the Nifty to remain positive in the short term. If the Nifty has the ability to sustain the level of 18,000, it can witness a favorable momentum, said Vijay Dhanotiya, senior research analyst at CapitalVia Global Research.Eleven of 15 sector gauges put together by the National Stock Exchange ended lower led by the Nifty PSU Bank index's over 2 per cent fall. Nifty Metal, Real Estate, Private Bank, Media and Bank indices likewise fell between 0.7-1.8 per cent.On the other hand, Nifty Pharma, Health Care, Oil - & Gas and Car indices ended higher.Mid- and little- cap shares likewise edged lower as Nifty Midcap 100 index declined 0.44 per cent and Nifty Smallcap 100 index ended on flat note with an unfavorable bias.Shares of appeal start-up Nykaa made a smash hit launching on Wednesday with its market capitalisation crossing Rs 1 lakh crore. Shares of FSN E-Commerce Ventures, the company that owns the Nykaa brand, opened for trading at Rs 2,018 on the National Stock Market, up 79 percent from its concern price of Rs 1,125 per share. On the BSE, Nykaa shares opened for trading at Rs 2,001, up 78 percent from the problem cost. Nykaa shares increased as much as 99 per cent to hit an intraday high of Rs 2,235 on the NSE.Hindalco was leading Nifty loser, the stock fell 3.35 percent to close at Rs 449. IndusInd Bank, Tata Steel, JSW Steel, Coal India, SBI Life, Hindustan Unilever, Divi's Labs, Asian Paints, Titan and HDFC Bank also fell between 1.3-3.3 per cent.On the flipside, UPL, Bharti Airtel, Mahindra - & Mahindra, Britannia Industries, Reliance Industries, ITC, Grasim Industries and Sun Pharma were among the gainers.The general market breadth was partially favorable as 1,720 shares ended greater while 1,587 closed lower on the BSE.
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Overall coal imports fell 12 per cent year-on-year to 94 million tonnes in April-August 2021, due to considerable reduction in non-coking coal import ...
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Financing Minister Nirmala Sitharaman will satisfy heads of banks next week to remove friction in credit flow to efficient sectors ...
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"For us, to be able to grow the business, we needed to educate the customer, that too digitally. That's why Nykaa, in many ways, has created the beauty business in India," Ms Nayar said....
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The Kharif marketing season 2021-22 runs from October to September...
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The company prepares to utilize the proceeds from the IPO for moneying inorganic growth worth Rs 147.90 crore ...
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Fan tokens give holders access to a variety of fan-related membership perks...
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Commerce Minister Piyush Goyal has stated that the country is set to achieve services export target of $1 trillion by the year 2030 ...
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Sapphire Foods on November 8 had actually raised Rs 933 crore from anchor investors ...
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Qualified institutional purchasers, which include financiers like financial institutions, banks and foreign institutional financiers, were seen bidding in large numbers in the IPO ... Paytm's Rs 18,300 crore share sale via initial public offering (IPO) was totally subscribed by afternoon on the final day of the membership, information from stock market revealed. Paytm IPO was subscribed 1.22 times by 1:45 pm, according information from the National Stock Market. Paytm got over 5.89 crore quotes for 4.83 crore shares on the offer. A total of 1.05 crore quotes were received at the cut off price.Qualified institutional purchasers, which include financiers like financial institutions, banks and foreign institutional investors, were seen bidding in large numbers as the part reserved for them was subscribed 1.88 times. Amongst the QIBs, foreign institutional financiers positioned bids for 4.94 crore shares. Non-institutional financiers were revealing lukewarm response to the concern as variety of shares set aside for them was subscribed 13 per cent, data from BSE showed.Retail financiers were also seen participating in large numbers as the part set aside for them was booked 1.5 times.Paytm is offering shares in the rate band of Rs 2,080-2,150 per share and retail investors can bid for a minimum of one great deal of 6 shares as much as a maximum of 15 lots. At the upper price band one lot of Paytm shares will cost Rs 12,900. Paytm's IPO consists of a fresh issue of Rs 8,300 crore and a sell (OFS) by existing shareholders worth Rs 10,000 crore.Paytm designated shares worth Rs 8,235 crore to more than 100 institutional financiers, including the government of Singapore, ahead of the nation's biggest stock exchange listing.Launched a years earlier as a platform for mobile charging, Paytm grew quickly after ride-hailing firm Uber listed it as a fast payment choice. Its use swelled even more in 2016 when a restriction on high-value currency bank notes in India increased digital payments.
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Subscription to Paytm's $2.5 billion initial share offering moved at a sluggish pace on the second day of the sale, as analysts raised concerns about the Indian digital payments provider's......
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Food delivery giant Zomato's combined bottom line expanded to Rs 435 crore in the second quarter of 2021-22 ...
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Nykaa IPO: The launching price was at a 79.4 per cent premium to the initial public offering (IPO) cost of Rs 1,125, offering the business a valuation of Rs 95,437 crore ...
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Financiers bid for 47.11 lakh equity shares against a deal size of 96.63 lakh ...
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Federal government has okayed appointment norms for jute packaging materials where 100 percent food grains will be packed in jute bags ...
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Threat sentiment in more comprehensive Asian markets was likewise down as surges in oil and Chinese factory rates added to concerns of a hot U.S. inflation checking out ... The Indian equity benchmarks fell on Wednesday as metals and bank stocks weakened in the middle of worries about higher inflation, while online fashion start-up Nykaa rose in its market debut.The blue chip NSE Nifty 50 index fell 0.51 per cent to 17,952.45 and the benchmark S&P BSE Sensex was down 0.51 per cent at 60,122.6 by1:03 pm.The Nifty Metal Index fell 2.2 percent, as Tata Steel, JSW Steel and Hindalco Industries lost between 2.9 percent and 3.6 per cent.Dalian iron ore futures struck a year's low, as need worries intensified owing to China's curbs on its steel output and an aggravating liquidity crisis in the nation's residential or commercial property sector.Adding to losses was state-run coal mining company Coal India shedding as much as 2.3 per cent.The Nifty Bank Index was down 0.88 percent, with lenders HDFC Ltd, ICICI Bank amongst the leading portion losers on the Nifty 50. The likelihood of higher inflation, not only in the United States and Europe but also in India is bound to affect rate of interest and weigh on the markets, stated Joseph Thomas, head of research study at Emkay Wealth Management. He added numerous Indian mid-and small-cap companies are rate-sensitive as they are encumbered debt or have borrowing plans.Risk sentiment in wider Asian markets was likewise down as rises in oil and Chinese factory rates contributed to worries of a hot U.S. inflation reading.On the advantage, Nykaa's parent company made a blockbuster launching, valuing the Indian online appeal start-up at nearly $13 billion.Investors were likewise concentrated on fintech firm Paytm's initial public offering, expected to be India's most significant, that closes its membership later on Wednesday. The IPO was subscribed 48 percent on the second day of the problem duration.
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GE said that it would combine GE Renewable Energy, GE Power and GE Digital into one company and spin off its healthcare division in early 2023...
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