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The much awaited initial public offer (IPO) of PB Fintech's Policybazaar was subscribed 54 per cent on its first day...
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Coal's share in India's electrical power generation jumped to 70.6 per cent in October from an average of 66.5 per cent in September, the data revealed ... The country's electrical power need grew 4.1 percent in October, with supply disappointing demand by 1 percent, regardless of a rise of 1.8 per cent in coal-fired generation and an increase of 28.4 per cent in solar output, a Reuters analysis of federal government information showed.Demand increased by increased economic activity after the second wave of coronavirus infections caused a shortage of coal that forced India's northern states to cut power last month for as much as 14 hours a day.The quick need rise and high international prices have actually left utilities rushing for coal, the nation's dominant fuel for power generation, in spite of record supplies from state-run Coal India, which has a near-monopoly of production.India's power supply shortage of 1,201 kilowatt hours (KWh) in October was the worst because January 2017, information from federal grid regulator POSOCO showed.Coal's share in India's electrical power generation jumped to 70.6 per cent in October from an average of 66.5 per cent in September, the information showed.More than half of India's coal-fired capability now has inventories of three days or less, information from the power ministry shows.The average coal stock held by power plants would last four days, down two-thirds from the average of 12 days 2 months ago.(Other than for the headline, this story has not been edited by TheIndianSubcontinent staff and is published from a press release)
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Policybazaar's IPO comprises a fresh concern of Rs 3,750 crore, along with an offer for sale (OFS) of Rs 1959.72 crore by existing promoters and shareholders ... Policybazzar said it hasgarnered Rs 2,569 crore from anchor investors.New Delhi: The preliminary public deal (IPO) of PB Fintech, which operates online insurance coverage aggregator Policybazaar, opened for subscription on Monday. The public offer will conclude on November 3 and the basis of allocation date will be done on November 10. The company has repaired a price band of Rs 940 to Rs 980 per equity share.The initial offer makes up a fresh problem of Rs 3,750 crore, along with an offer for sale (OFS) of Rs 1959.72 crore by existing promoters and shareholders. The problem size is 6,07,30,265 shares, with a stated value of Rs 2 each.The company said it has actually garnered Rs 2,569 crore from anchor investors.Citigroup Worldwide Markets India, HDFC Bank, ICICI Securities Limited, IIFL Securities, Jefferies India, Kotak Mahindra Capital Company Limited, Morgan Stanley India Business are the book running lead managers of the IPO.Policybazaar plans to use the fresh problem profits for improving its visibility and awareness of brands.PB Fintech recorded a combined loss of Rs 150.24 crore in financial 2020-21 (FY21), compared to a loss of Rs 304 crore in FY20 and loss of Rs 346.81 crore in FY19. Policybazaar's journey is admirable and really inspiring. The Insurtech Market has seen a thriving stage due to India's emergent online consumer base, this minute is a great milestone for the entire insurtech market and the startup neighborhood as an entire, Sanjib Jha, Ceo, Coverfox.com.Market regulator SEBI-registered investment consultant INDmoney stated: At the greater end of the rate band, the issue is strongly priced at 45 times price/sales (based upon FY22 annualised sales). Provided a fancy for unique tech-based start-ups, the concern could delight in premium evaluation. Given the bliss for this problem, the shares had actually been trading in the range of Rs 2,100-Rs 2,300 in the unlisted market recently. Investors with a higher risk-appetite wanting to take exposure to a specific niche tech-based platform ought to consider buying the concern.
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Retail Retail announced that the country's first outdoors roof-top theatre will begin operations from November 5 ...
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In October, Maruti Suzuki achieved highest ever exports of 21,322 units despite the shortage of electronic components....
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Foreign institutional financiers (FIIs) offered shares worth Rs 5,143 crore on Friday while domestic institutional investors purchased shares worth Rs 4,343 crore ... The Indian equity standards are set to open higher as suggested by the Nifty Futures traded on the Singapore Exchange. The Nifty Futures on Singapore Exchange likewise referred to as the SGX Nifty Futures increased 30 points or 0.17 per cent to 17,780 amidst favorable cues from international markets. Asian markets edged higher on Monday, led by a post-election jump in Japan's Nikkei, though bonds wobbled and the dollar firmed as traders braced for central bank conferences in Britain, Australia and the United States to define the rates policy outlook.Japan's Nikkei increased 2.3 per cent to a one-month high after Prime Minister Fumio Kishida's Liberal Democratic Party did better than anticipated at Sunday's election, with exit polls showing the party quickly keeping a majority.Trade elsewhere was more soft, with MSCI's index of Asia-Pacific shares outside Japan up marginally. Weekend data showing a sharper-than-expected contraction of Chinese factory activity weighed on the mood.Back house, foreign institutional financiers (FIIs) sold shares worth Rs 5,143 crore on Friday while domestic institutional investors bought shares worth Rs 4,343 crore. In the month of October FIIs offered shares worth Rs 13,549.67 crore.Tata Motors, IRCTC and Aditya Birla Capital are among the prominent companies that will state their September quarter incomes later on in the day.Reliance Industries will remain in focus after the business in collaboration with Google released JioPhone Next. The phone will be offered from Diwali with beginning price of Rs 1,999. Tata Steel will remain in focus after the National Business Law Tribunal, Mumbai bench authorized scheme of amalgamation of Bamnipal Steel Limited (formerly known as Bhushan Steel Limited) into and with Tata Steel.Steel Authority of India (SAIL) will remain in focus after its standalone net earnings jumped 11 times to Rs 4,304 crore in September quarter compared to Rs 393 crore during the very same period last year.
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TPG-backed fashion e-commerce platform Nykaa's going public drew bids worth $32.55 billion as it was oversubscribed by almost 82 times on Monday, signalling strong investor need for the... Nykaa's IPO is the most recent in a year which has seen over 40 companies list on the domestic stock exchangesBengaluru: TPG-backed style e-commerce platform Nykaa's going public drew bids worth $32.55 billion as it was oversubscribed by almost 82 times on Monday, signalling strong investor need for the current start-up in the nation to pursue a domestic stock listing.FSN E-Commerce Ventures, the company which owns the Nykaa brand name, priced the 53.52 billion rupee IPO at a range of 1,085 rupees to 1,125 rupees per share, offering it an evaluation of as much as $7.11 billion.The business got quotes for 40 times the variety of shares it plans to sell to anchor financiers in its IPO, a source told Reuters recently. Financiers consisted of Blackrock Capital Group and property manager Fidelity.Nykaa's IPO is the latest in a year which has seen over 40 companies list on the domestic stock exchanges, the greatest quantity since at least 2016, as firms attempt to capitalize a market that has actually scaled record highs on the back of a decline in COVID-19 cases, a re-opening of the economy and adequate liquidity. Nykaa is uniquely located ... (with) a market share of practically 35% in the online beauty and individual care market, stated Sneha Poddar, associate vice president of research, broking - & circulation at Motilal Oswal Financial Services Ltd, adding it is well positioned to target huge development potential.India's beauty and personal care market is approximated to grow to about $28 billion by 2025, according to research study firm RedSeer.Launched in 2012, Nykaa grew popular by offering cosmetics and grooming items on its site, apps and through its physical stores, prior to expanding into fashion, animal care and family products. Its investors consist of film actresses Alia Bhatt and Katrina Kaif.Unlike most start-ups, Nykaa has likewise achieved profitability, publishing a combined net profit of 618.5 million rupees for the year ended March 31, 2021.
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Gold futures increase on Monday, November 1, taking hints from the worldwide area prices ... Domestic spot gold with purity of 24 carats opened at Rs 47,776 per 10 grams.Gold Price In India: Gold futures rise on Monday, November 1, taking cues from the worldwide area rates. On the Multi Product Exchange (MCX), gold futures due for a December 3 shipment, were last seen 0.20 per cent up at Rs 47,731, compared to the previous close of 47,635. Silver futures due for a December 3 delivery were last seen partially down 0.22 per cent at Rs 64,382 versus the previous close of Rs 64,534. Domestic spot gold with purity of 24 carats opened at Rs 47,776 per 10 grams on Monday, and silver at Rs 64,368 per kilogram - both rates leaving out GST (goods and services tax), according to Mumbai-based market body India Bullion and Jewellers Association (IBJA). Forex Rates: Worldwide, gold edged higher as some financiers bought the metal following a steep rate drop in the previous session, although caution set in ahead of a crucial U.S. Federal Reserve meeting after data revealed inflation sped up. Area gold rose 0.1 per cent to $1,784.08 per ounce after a 1.5 per cent drop to a more one-week trough on Friday. U.S. gold futures gained 0.1 per cent to $1,785. What Analysts Say: Ravi Singh, Vice President and Head of Research Study, ShareIndia: Gold cost in MCX traded in a variety bound zone last week taking cues from worldwide market and stronger treasury yields. The expectation of early stimulus tapering by Fed is keeping us dragging gold costs down whereas worry of financial bottlenecks towards it's recovery is increasing the safe haven appeal. The demand of gold is also expected to increase during the festive season. We expect gold to be range bound this week with an upward predisposition. He suggested, Buy Zone above - Rs 47,750 for the target of Rs 48,000; Sell Zone below - Rs 47,500 for the target of Rs 47,300. Amit khare, AVP - Research Study Commodities, Ganganagar Product Ltd: In previous trade, we saw some revenue booking in bullions at upper levels. Based on technical chart both metals are all set for upside motion again. Momentum indication RSI likewise cited the very same on day-to-day chart. So traders are advised to make fresh buy positions in gold and silver in little dips near provided support levels. They should focus crucial technical levels offered for the day: December Gold closing price Rs 47,635, Assistance 1 - Rs 47,300, Support 2 - Rs 47,100, Resistance 1 - Rs 47,950, Resistance 2 - Rs 48,260; December Silver closing price Rs 64,534, Assistance 1 - Rs 64,000, Support 2 - Rs 63,400, Resistance 1 - Rs 65,000, Resistance 2 - Rs 65,670.
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The domestic stock markets are most likely to trade in green on Monday, taking cues from the international markets ... Trends on SGX Nifty suggested a favorable opening for the domestic markets.New Delhi: The domestic stock markets are most likely to trade in green on Monday, taking cues from the global markets. Asian stocks jumped as Japan's Nikkei increased 2.21 per cent, South Korea's KOSPI was up 0.42 percent and Shanghai Composite index traded flat. Trends on SGX Nifty also indicated a positive opening for the marketplaces back home. The Nifty Futures on Singapore Exchange also known as the SGX Nifty Futures moved 0.36 percent or 63.70 points higher to 17,779. The benchmark BSE Sensex had actually closed 677.77 points or 1.13 per cent lower at 59,306.93 on Friday. The more comprehensive NSE Nifty had plunged 185.60 points or 1.04 percent to end at 17,671.65. Here Are Stocks To View During Today's Session: Reliance Industries: The business has actually revealed that its much-awaited JioPhone Next will be available in stores from Diwali with an entry cost of Rs 1,999 and the rest paid via EMI (equated monthly instalment) over 18 or 24 months.Adani Enterprises: The business has actually gotten a 'substantial' minority stake in Cleartrip Private Ltd - an online travel aggregator (OTA) which belongs to the Flipkart Group. As a part of the investment, Cleartrip will work as Adani Group's OTA partner.Dr Reddy's Laboratories: The business has reported a combined profit of Rs 992 crore, up 30 per cent from Rs 762 crore.Indian Oil Corporation: The business has actually reported 7 per cent dive in its net profit at Rs 6,360.05 crore versus Rs 5,941.37 crore.Bharat Petroleum Corporation Ltd: The business's net earnings was up 79.4 percent at Rs 2,694.1 crore in the September quarter versus Rs 1,501.5 crore in the same duration last year.Automobile business: Automakers are expected to state their sales data for October starting today.Airline stocks will remain in focus as the Directorate General of Civil Aviation (DGCA) has extended ban on scheduled commercial international passenger flights up until November 30. However, international scheduled traveler flights on choose routes authorized by the competent authority and cargo flights, passenger flights authorized by the aviation regulator DGCA will continue to operate.Also, Tata Motors and Dabur India are anticipated to announce their September quarter incomes.
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SBI on Monday clarified that the assetwassold with laid down process in March 2014, much after Pratip Chaudhuri had actually retired in September 2013 ... On the arrest of its former head Pratip Chaudhuri in relation to a loan case, SBI has actually pointed out inaccuraciesHours after its former chairman Pratip Chaudhuri was detained in an alleged loan related case in connection to a property, the State Bank of India (SBI) on Monday clarified that the possession was sold with set procedure in March 2014, much after he had retired from the services of the bank in September 2013. Mr Chaudhuri was previously in the day detained from his home in the nationwide capital in relation to a supposed loan associated case including a hotel in Jaisalmer.The case relates to one Godawan Group's hotel project in Rajasthan's Jaisalmer, for which it had taken a Rs 24 crore loan from SBI in 2008. Garh Rajwada was a hotel job in Jaisalmer, funded by the Bank in 2007. The job remained incomplete for over 3 years and the essential promoter passed away in April 2010, SBI said in a statement.It further stated that the account slipped into a non performing asset (NPA) in June 2010 and numerous actions taken by the bank to complete the job did not yield results.Subsequently as part of the bank's recovery efforts, the account dues were appointed to an asset restoration business (ARC) in 2014, and it was done through a put down procedure of the bank's policy, the SBI declaration said. As recovery efforts stopped working, approvals for sale to ARC were taken in January 2014 and the assignment to ARC was completed in March 2014. It transpires now that the borrower had initially filed an FIR with the state authorities against the sale of possession to ARC, the bank said.SBI said after accessing the copies of the proceedings, the court do not appear to have actually been informed correctly on the sequence of events. In as much as SBI was not a party to this case, there was no celebration for the views of SBI being heard as part of these proceedings. SBI wishes to restate that all due procedure were followed while making the said sale to ARC. The bank has actually already provided its cooperation to the law enforcement and judicial authorities and will supply further info, if any that might be called for from their side.
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Sigachi Industries shares were in very high demand among the retail specific investors as portion reserve for them was subscribed 4.27 times ... Sigachi Industries received over 1.2 crore quotes for its shares in the IPO.Sigachi Industries' three-day share sale through initial public offering (IPO) was fully subscribed within an hour of opening on the first day of the concern. Sigachi Industries' Rs 125 crore IPO was subscribed 2.29 times by 11:51 am, according to information on the National Stock Exchange. Sigachi Industries received over 1.2 crore bids for 53.86 lakh shares on the offer. A total of 1.03 crore bids were received at the cut-off price, NSE data showed.Sigachi Industries shares were in very high demand amongst the retail individual investors as portion set aside for them was subscribed 4.27 times while the portion scheduled for certified institutional buyers (QIBs) and non-institutional financiers was yet to be subscribed, according to data on the stock exchanges.Sigachi Industries is offering shares in the cost band of Rs 161-163 per share and a retail financier can bid for a minimum one great deal of 90 shares approximately optimum of 13 lots. At the upper rate band one lot of Sigachi Industries shares in the IPO will cost Rs 14,670. The IPO will close of November 3 and its shares are anticipated to note on stock exchanges on November 15, 2021. Likewise Read: Ought To You Buy Sigachi Industries IPO?Sigachi Industries was integrated in 1989 and makes 59 different grades of Microcrystalline Cellulose (MCC) at its producing units in Hyderabad and Gujarat with an aggregate installed capacity of 11,880 million tonnes annually. With over thirty years of constant growth, three multi-locational production facilities and consistent concentrate on delivering premium quality product, the company is one of the leading producers of MCC in India.Microcrystalline Cellulose is used as a raw material in making pharmaceutical and nutraceutical products.Sigachi Industries IPO consists of fresh concern of 77 lakh shares and Unistone Capital Private Limited is the book running lead manager while Bigshare Services is the registrar for the issue.
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Fuel prices continued to rise to tape high levels on Monday, November 1, for the sixth straight day ... In Delhi, fuel and diesel rates soared 35 paise to cost Rs 109.69 and Rs 98.42 per litre respectively.Petrol, Diesel Price Today: Fuel prices continued to rise to tape-record high levels on Monday, November 1, for the sixth straight day. In the nationwide capital, fuel and diesel rates skyrocketed 35 paise to cost Rs 109.69 and Rs 98.42 per litre respectively, according to Indian Oil Corporation.Petrol now costs 32.79 per cent more than the rate at which aviation turbine fuel (ATF or jet fuel) is sold to airlines. ATF in Delhi expenses 82,638.79 per kilo litre or roughly Rs 82.6 per litre.In Mumbai, a litre of fuel now costs Rs 115.50, and diesel is cost Rs 106.62 per litre. Fuel costs in Chennai moved above the Rs 106 per litre-mark and is currently sold at Rs 106.35 per litre; while diesel rate stood at 102.59. Among the four metro cities, fuel rates are the greatest in Mumbai, according to the state-run oil refiner. Fuel rates differ throughout the states due to value-added tax or VAT.State-run oil refiners such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum revise the fuel rates on a daily basis, by taking into account the petroleum rates in the international markets, and the rupee-dollar exchange rates. Any modifications in fuel and diesel costs are carried out with impact from 6 am every day.Globally, oil costs fell after China stated it released reserves of fuel and diesel to enhance supply, while investors unwound long positions ahead of an OPEC+ conference on November 4. Brent unrefined futures dropped 20 cents, or 0.2 percent, to $83.52 a barrel. U.S. West Texas Intermediate (WTI) unrefined futures moved 37 cents, or 0.4 per cent, to $83.20 a barrel.
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Retail sales at JLR, which represents the majority of Tata Motors' earnings, were down 18.4 per cent from a year previously as the semiconductor shortages harm production ... Tata Motors Ltd posted a larger quarterly loss on Monday, as semiconductor scarcities and high product prices dented sales and production for the carmaker.Global carmakers have alerted of extended discomfort and have taken sharp production cuts this year as supply chain disruptions and growing demand for customer electronics have caused an intense scarcity of chips crucial in powering electronic devices.Tata Motors, which had currently alerted that it anticipated shortages in the second quarter to be greater than in the first, had actually stated last month it saw semiconductor shortages gradually easing over the next 12 months.There are considerable obstacles on the supply side, consisting of semi-conductor problems and sharp product inflation, Tata Motors said in an exchange filing on Monday.Retail sales at JLR, which accounts for the majority of Tata Motors' profits, were down 18.4 per cent from a year previously as the semiconductor shortages harm production.Still, earnings rose 14.7 per cent to Rs 61,379 crore in the quarter ended September 30. Tata Motors logged a consolidated net loss of Rs 4,442 crore for the quarter, compared with a loss of Rs 314 crore a year previously.
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SAIL shares have so far this year rose 76 percent, surpassing the Sensex which has acquired 25 percent ... SAIL shares rallied as much as 13 per cent to strike an intraday high of Rs 130.35. Shares of Steel Authority of India Limited (SAIL) rallied as much as 13 percent to hit an intraday high of Rs 130.35 after it reported September quarter revenues post market hours on Friday. SAIL's net revenue in second quarter of the existing fiscal year leapt a tremendous almost 10 times to Rs 4,339 crore from Rs 436.52 crore in the same duration last year. SAIL's profits from operations advanced 59 percent to Rs 26,828 crore versus Rs 16,925 crore in the year ago period.Its profits before interest, tax, devaluation and amortization (EBITDA) or operating revenue advanced 8.14 per cent to Rs 7,290 crore from Rs 6,741 crore.During the quarter, SAIL's crude steel production was available in at 4,468 million tonnes and commercial steel sales can be found in at 4,280 million tonnes. The business clocked its best-ever quarterly EBITDA, revenue before tax and revenue after tax, SAIL stated in a press release.The business's gross loanings were lowered by Rs 12,872 crore to Rs 22,478 crore in the first half of the fiscal year, the state-run steel maker added.SAIL's board revealed an interim dividend of Rs 4 per share for the present financial year.SAIL shares have so far this year rose 76 per cent, outperforming the Sensex which has actually gained 25 per cent.As of 11:01 am, SAIL shares traded 12.35 percent higher at Rs 129.20.
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Zydus Cadila's ZyCov-D is the very first vaccine cleared by India's drug regulator for inoculation of those aged 12 years and above ...
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Apple took a $6 billion struck to its sales during the financial 4th quarter due to persistent worldwide supply chain problems ...
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India's factory activity broadened at its quickest pace in 8 months in October on strong need and increased output, though another rise in the expense of basic materials cast a shadow over the... Bengaluru: India's factory activity broadened at its quickest pace in 8 months in October on strong demand and increased output, though another surge in the cost of raw materials cast a shadow over the outlook, a private survey showed.Monday's data indicated an extended business recovery in Asia's third-largest economy from the pandemic-induced depression and, along with rising cost pressures, might enhance views the Reserve Bank of India will tighten up monetary policy earlier than expected, like other significant main banks.The Manufacturing Acquiring Managers' Index, put together by IHS Markit, leapt to 55.9 in October from September's 53.7, the highest because February, and staying above the 50-level separating growth from contraction for a 4th straight month. With companies gearing up for more enhancements in need by developing their stocks, it looks like production activity will continue to expand throughout the third quarter of fiscal year 2021/22 should the pandemic stay under control, Pollyanna De Lima, economics associate director at IHS Markit, stated in a release. Positive organization confidence and projects under way need to likewise support production in the coming months. The latest survey revealed the brand-new orders sub-index, a proxy for domestic need, rose to 58.7 last month, its greatest in 7 months. Foreign need also expanded at its quickest speed because July, encouraging firms to raise output.However, firms shed jobs for a 3rd straight month. Regardless of the total improvement in operating conditions, jobs stopped working to increase. This was often linked to sufficient capacity to deal with present workloads and federal government norms surrounding shift work, De Lima said.Last month, input costs increased at the greatest pace in nearly a decade, pushing manufacturers to hand down a few of the problem to customers. That suggests total inflation will remain elevated over the coming year.The current rise in international petroleum rates to near $85 a barrel is also making policymakers and consumers anxious provided India satisfies over 80% of its oil requires through imports.But the RBI is not expected to raise rates of interest up until a minimum of the beginning of next fiscal year, in April-June 2022, a different Reuters poll revealed.(This story has actually not been modified by TheIndianSubcontinent staff and is auto-generated from a syndicated feed.)
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A productivity-linked benefit of Rs 28,000 together with a wage revision for workers of state-owned Manganese Ore India Limited was revealed by Centre ...
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The Item and Services Tax (GST) mop-up for the month of October stood at over Rs 1.30 lakh crore, 24 per cent higher than the GST revenues in the very same month in 2015 ... In September, the gross GST collections stood at Rs 1,17,010 crore.New Delhi: The items and services tax (GST) mop-up for the month of October stood at over Rs 1.30 lakh crore, 24 percent greater than the GST earnings in the very same month in 2015. In September, the gross GST collections stood at Rs 1,17,010 crore. The GST revenues for October have actually been the second-highest ever since intro of GST, 2nd only to that in April 2021, the Ministry of Finance stated in a release. The gross GST revenue gathered in the month of October 2021 is Rs 1,30,127 crore of which CGST is Rs 23,861 crore, State GST is Rs 30,421 crore, Integrated GST is Rs 67,361 crore (including Rs 32,998 crore collected on import of goods) and Cess is Rs 8,484 crore (including Rs 699 crore collected on import of goods), the Ministry stated. The federal government has actually settled Rs 27,310 crore to Central GST and Rs 22,394 crore to SGST from IGST as regular settlement. The overall income of Centre and the states after regular settlements in the month of October 2021 is Rs 51,171 crore for CGST and Rs 52,815 crore for the SGST, the release added.In October, the Ministry said, profits from import of products were 39 per cent higher and the incomes from domestic transactions (including import of services) were 19 per cent higher against the exact same period last year.The Ministry likewise said that the figures are very much in line with the pattern in financial recovery. However, it further discussed that the profits would have still been higher if the sales of automobiles and other items had actually not been impacted on account of disruption in the supply of semi-conductors.
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Sigachi Industries IPO: Sigachi Industries is offering shares in the cost band of Rs 161-163 per share and a retail investor can bid for a minimum one lot of 90 shares ... Sigachi Industries is planning to raise Rs 125 crore in the IPO.Sigachi Industries' three-day share sale by means of going public (IPO) opened for membership today. Sigachi Industries is planning to raise Rs 125 crore in the IPO which is a fresh issue of 77 lakh shares. Sigachi Industries was integrated in 1989 and manufactures 59 different grades of Microcrystalline Cellulose (MCC) at its producing units in Hyderabad and Gujarat with an aggregate installed capacity of 11,880 million tonnes each year. With over 30 years of constant growth, 3 multi-locational production facilities and consistent concentrate on providing superior quality item, the company is among the leading manufacturers of MCC in India.Microcrystalline Cellulose is utilized as a raw material in making pharmaceutical and nutraceutical products.Sigachi Industries is offering shares in the cost band of Rs 161-163 per share and a retail investor can bid for a minimum one great deal of 90 shares as much as optimum of 13 lots. At the upper price band one lot of Sigachi Industries shares in the IPO will cost Rs 14,670. The business will use the earnings from the IPO for growth of production capability for MCC at Dahej and Jhagadia systems in Gujarat, for funding capital expenditure to produce CCS at the proposed unit at Kurnool and for general business purposes. At the upper end of the IPO cost band, Sigachi Industries is being offered at price to equity multiple of 15.1 times to its trailing 12 month profits, with a market capitalization of Rs 501 crore. Given that the business is one of the leading makers of Microcrystalline Cellulose in India with over thirty years of experience, pan-India and worldwide market existence, experienced management team and investment led future growth with high return on net worth (RoNW) of 32.12 per cent in the previous financial year and affordable valuations we give this IPO a Subscribe score, brokergae company Anand Rathi stated in a note.
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The company said that the InvIT called Roadstar Infra Investment Trust, will get 6 road projects under the first phase ...
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Purchasing showed up across the board as all the 15 sector gauges assembled by the National Stock Exchange ended higher ... The Indian equity standards snapped their three-day losing streak on Monday on the back of a broad-based purchasing interest as investor sentiment got a boost from robust macro-economic data points. Strong Goods and Provider Tax numbers while factory activity expanding at its quickest rate in eight months in October reversed the bearish belief for equities, experts said. The Sensex increased as much as 913 points and the Nifty 50 index touched an intraday high of 17,954.10. The Sensex ended 832 points higher at 60,138 and Nifty 50 index climbed up 258 points to close at 17,930. The country's financial activity picked up rate in October after federal government gathered Rs 1.30 lakh crore in Product and Provider Tax (GST), the second-highest collection ever since the intro of GST.Meanwhile, the Production Purchasing Managers' Index, put together by IHS Markit, jumped to 55.9 in October from September's 53.7, the highest considering that February, and staying above the 50-level separating development from contraction for a 4th straight month.Buying showed up across the board as all the 15 sector evaluates compiled by the National Stock market ended higher led by the Nifty Real estate index's over 4 percent gain. Nifty Metal, Private Bank, PSU Bank, Pharma, Financial Services, Information Technology and Bank indices likewise rose in between 1.15-3 per cent.Mid- and small-cap shares likewise experienced purchasing interest as Nifty Midcap 100 index advanced nearly 2 per cent and Nifty Smallcap 100 index rose nearly 1 per cent.Shares of Steel Authority of India Limited (SAIL) rallied as much as 13 per cent to hit an intraday high of Rs 130.35 as the company's September quarter revenue jumped almost 10 times to Rs 4,339 crore from Rs 436.52 crore in the very same duration last year.IndusInd Bank was top Nifty gainer, the stock rose 7.52 percent to close at Rs 1,226 after the private loan provider stated that it has actually raised Rs 2,800 crore by providing bonds on a personal placement basis.Hindalco, Bharti Airtel, HCL Technologies, Grasim Industries, Coal India, Tata Steel, Dr Reddy's Labs, Tech Mahindra, Eicher Motors, Indian Oil and JSW Steel likewise rose in between 2.8-4.5 per cent.On the flipside, UPL, Bajaj Finserv, Mahindra - & Mahindra and Nestle India were among the notable losers.The overall market breadth was extremely favorable as 2,171 shares ended higher while 1,137 closed lower on the BSE.
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The metaverse of Zuckerberg's dreams is the sort of place where everyone's plugged into a virtual reality, able to teleport, make things happen simply by considering them ...
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Excise collections on fuel items in April-September 2021 increased to Rs 1.71 lakh crore from Rs 1.28 lakh crore gathered in exact same period of last year ...
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Equity indices were trading in green on Monday led by gains throughout all the sectors. The benchmark BSE Sensex jumped 633 points or 1.07 per cent to 59,940 in late deals; while the more comprehensive NSE Nifty... Both Sensex and Nifty had actually decreased greatly in the last three trading sessions.New Delhi: Equity indices were selling the green on Monday led by gains throughout all the sectors. The benchmark BSE Sensex jumped 633 points or 1.07 per cent to 59,940 in late offers; while the broader NSE Nifty moved 195 points or 1.11 percent greater to 17,867. Top gainers in the BSE pack consisted of IndusInd Bank, Bharti Airtel, HCL Tech, Dr Reddy's, Tata Steel and UltraTech Seals with their shares increasing as much as 7.87 per cent. Bajaj Finserv, Mahindra and Mahindra, Hindustan Unilever, Reliance Industries, Nestle India and ICICI Bank declined as much as 2.62 percent in late deals.Shares of IndusInd Bank rose more than 8 percent to hit an intraday high of Rs 1,228.45 after the personal lender stated that it has raised Rs 2,800 crore by providing bonds on a personal positioning basis.Shares of Steel Authority of India Limited (SAIL) rallied as much as 13 per cent to hit an intraday high of Rs 130.35 as the company's September quarter profit jumped nearly 10 times to Rs 4,339 crore from Rs 436.52 crore in the same duration last year.On the NSE platform, all the sub-indices were selling green with Nifty Real estate and Metal outshining the index by surging as much as 4.77 per cent.Both the domestic indices had decreased sharply in the last three trading sessions. From the marketplace perspective, what we saw over the last three-four days was a sharp correction, which usually is thought about excellent when we have such a one-sided rally, Gaurav Garg, Head of Research Study at CapitalVia Global Research study, told news firm Reuters. Financiers are back in buying mode, supported by strong September-quarter outcomes, Mr Garg added.Investor sentiments likewise got a boost as a personal study revealed that the country's factory activity broadened at its quickest pace in 8 months in October on strong need and increased output.The Production Getting Managers' Index, put together by IHS Markit, leapt to 55.9 in October from September's 53.7, the highest given that February, and staying above the 50-level separating growth from contraction for a fourth straight month.
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Melted petroleum gas (LPG) rates for industrial cylinders were increased by Rs 266 on Monday ... In Delhi, 19-kg commercial cylinders will now cost Rs 2,000.50. New Delhi: Liquefied petroleum gas (LPG) prices for business cylinders were increased by Rs 266 on Monday. In the national capital, 19-kg business cylinders will cost Rs 2,000.50 from Rs 1,734 earlier, according to news agency ANI. Nevertheless, the domestic LPG cylinder rates were kept unchanged.In Mumbai, a 19-kg commercial gas cylinder will now cost Rs 1,950. In Kolkata, the business LPG rate stood at Rs 2,073.50, while in Chennai now a 19-kg cylinder will be available for Rs 2,133. Earlier, the costs of LPG cooking gas cylinders across all categories including subsidised gas on were hiked by Rs 15 on October 6. Prior to that, the rates of subsidised and non-subsidised LPG rates were increased by Rs 25 on October 1. The federal government policy offers the supply of 12 cylinders of 14.2-kg each per home at subsidised or below-market rates. Any amount over this needed to be bought at market value or non-subsidised rates.In another set of development, gas and diesel costs were hiked for the sixth successive day across the country.Also Read: Gas, Diesel Rates Hiked For Sixth Straight Day. See RatesIn Delhi, with a hike of 35 paise a litre, the price of fuel rose to Rs 109.69 per litre while the rate of diesel surged to Rs 98.42. In Mumbai, the rates of gas and diesel increased to Rs 115.50 and Rs 106.62 per litre respectively.A litre of gas now costs Rs 110.35 in Kolkata and diesel costs Rs 101.56 per litre. Petrol and diesel expense Rs 106.35 and Rs 102.59 per litre respectively in Chennai.
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There are two approaches to transform cryptocurrency into money, either through an exchange or a broker ...
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India's diesel consumption in October rose above pre-Covid levels for the first time in a year, as increased industrial activity ahead of the festival season spurred demand for the fuel....
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HDFC, Tata Consultancy Services, ICICI Bank, Axis Bank, Infosys, State Bank of India and Asian Paints were among the leading movers in the Sensex ... The Indian equity standards jumped in Monday morning deals paced by gains in banking, information technology, monetary services, metal, oil - & gas and property shares amidst positive cues from global markets. The Sensex rose as much as 521 points and Nifty 50 index moved above its important psychological level of 17,850. HDFC, Tata Consultancy Providers, ICICI Bank, Axis Bank, Infosys, State Bank of India and Asian Paints were among the leading movers in the Sensex.As of 9:19 am, the Sensex was up 484 points at 59,715 and Nifty 50 index advanced 133 points or 0.75 percent to 17,804. Asian markets edged higher on Monday, led by a post-election jump in Japan's Nikkei, though bonds wobbled and the dollar firmed as traders braced for central bank meetings in Britain, Australia and the United States to specify the rates policy outlook.Japan's Nikkei increased 2.3 per cent to a one-month high after Prime Minister Fumio Kishida's Liberal Democratic Party did better than anticipated at Sunday's election, with exit polls revealing the party quickly maintaining a majority.Back house, ten of 15 sector evaluates compiled by the National Stock Exchange were trading greater led by the Nifty Real estate index's over 2.5 percent gain. Cool IT, Metal, Customer Durables and Bank indices likewise rose between 0.4-1 per cent.On the other hand, Nifty Pharma, Vehicle, FMCG and PSU Bank indices were trading lower.Broader markets were experiencing buying interest as Nifty Midcap 100 index and Smallcap 100 indexes rose 0.4 percent each.Among the specific shares, SAIL rose 10 percent to hit an intraday high of Rs 126.50 after its standalone net profit jumped 11 times to Rs 4,304 crore in September quarter compared with Rs 393 crore during the very same duration last year.Tata Steel increased 2.5 percent to Rs 1,349 after the National Company Law Tribunal, Mumbai bench authorized scheme of amalgamation of Bamnipal Steel Limited (previously referred to as Bhushan Steel Limited) into and with Tata Steel.Shree Cements was top Clever gainer, the stock increased 3 per cent to Rs 29,530. Bharti Airtel, HCL Technologies, IndusInd Bank, Hindalco, Tech Mahindra, Infosys, Bharat Petroleum, JSW Steel, Titan, Axis Bank and UltraTech Cement likewise rose in between 1-3 per cent.On the flipside, Tata Motors declined 1.6 per cent to Rs 476 ahead of its September quarter profits statement. UPL, Mahindra - & Mahindra, Bajaj Finserv, Nestle India, Hindustan Unilever, Reliance Industries, Sun Pharma and Britannia Industries were also amongst the losers.The general market breadth was favorable as 1,815 shares were trading greater while 767 were declining on the BSE.
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Aramco said on Sunday its third-quarter net profit more than doubled, boosted by higher crude oil prices and volumes sold, beating analysts forecasts...
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