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Fuel Prices Today: In the national capital, petrol prices crossed the Rs 109 mark as they were hiked to Rs 109.34per litre...
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Dr Reddy's Q2 Results: The pharma significant's revenue from operations in the 2nd quarter of the current financial stood at Rs 5,763 crore, compared to Rs 4,896 crore in the same quarter in 2015 ...
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Amazon had actually dragged Future Group to arbitration at Singapore International Arbitration Centre in October last year, arguing that FRL had violated their agreement by entering into the handle competitor... Justice Suresh Kumar Kait sought action from Amazon which had challenged the mergerThe Delhi High Court Friday decreased Future Group's plea for remain on an arbitration tribunal order refusing to hinder the Emergency Award (EA) which limited it from going on with the Rs 24,731 crore merger handle Reliance Retail.Justice Suresh Kumar Kait sought response from US-based e-commerce giant Amazon which had challenged the merger before the Singapore arbitration tribunal under SIAC, and listed the appeals by Future Coupons Pvt Ltd (FCPL) and Future Retail Ltd (FRL) for further hearing on January 4. Senior counsel Harish Salve, standing for FRL, advised the court to pass an interim order clarifying that an earlier order passed by the Supreme Court - which stayed all procedures in relation to the enforcement of the EA - would stay in force in spite of the subsequent order gone by the duly constituted arbitration tribunal. I desire the court to clarify which order will prevail. That (Supreme Court order) was an approval order. This order is in place today. After this, the tribunal order was passed. What is the interim order that I'm seeking? That the Supreme Court order will continue to operate ... I do not wish to be told that the tribunal order is in force, he sent. Senior counsel Parag P Tripathi, representing FCPL, also prompted the high court to reiterate the order of the Supreme Court . Kishore Biyani and 15 others consisting of FRL and FCPL have actually been involved in a series of litigations with Amazon, an investor in FCPL, over the deal with Reliance. Following the EA, subsequently, a three-member arbitral tribunal was made up to decide the concerns arising from the deal.During the hearing, the court observed that in view of the pendency of related appeals before the leading court, it would need a clearance to proceed with the fresh appeals. How can you expect interim order to be passed by this court? Supreme Court order states proceedings remained ... Let us get clearance from Supreme Court that this is the position now (that) this subsequent order was passed, the judge stated. The court further observed that the order gone by another judge of the high court previously this year, which had upheld the EA, was yet to be set aside and just enforcement procedures had actually been stayed. In both the appeals, issue notice ... Application for ad-interim relief is dismissed, the judge ordered. Senior supporters Gopal Subramanium and Rajiv Nayar appeared for Amazon and stated that the Future group was bound by the EA.In its plea, FRL has actually challenged the order of the arbitration tribunal on the ground that it is deeply flawed and is liable to reserve on fact and in law as there is no arbitration arrangement in between FRL and Amazon.Senior legal representative for FRL stated that the deal with REL was time-sensitive and not only the business but thousands of employees would suffer if it does not go through.On September 9, the leading court had actually stayed for 4 weeks all procedures before the high court in relation to the execution of the EA and also directed statutory authorities like National Business Law Tribunal (NCLT), Competition Commission of India (CCI) and Securities and Exchange Board of India (Sebi) not to pass any last order associated to the merger handle the meantime.Subsequently, the arbitration tribunal under the Singapore International Arbitration Centre (SIAC), on October 21, declined the plea of FRL to lift the interim stay approved by its EA on October 25 last year, observing that the Award were properly approved . Amazon had actually dragged Future Group to arbitration at Singapore International Arbitration Centre (SIAC) in October last year, arguing that FRL had actually breached their contract by entering into the handle competing Reliance. The FRL and FCPL had actually moved the top court versus the high court order of August 17 which stated that it would carry out the earlier order by its single-judge restraining FRL from proceeding with the deal in pursuance of the EA s award.The high court had actually said that in the absence of a stay, it would have to implement the order passed by its single judge, Justice J R Midha, on March 18. On March 18, besides limiting FRL from proceeding with its deal with Reliance Retail, the court had imposed expenses of Rs 20 lakh on the Future Group and others related to it and bought accessory of their properties.On August 6, the Supreme Court offered the decision in favour of Amazon and held that EA award, limiting the Rs 24,731 crore FRL-Reliance Retail merger deal, stands and enforceable under Indian arbitration laws.The top court had actually also reserved the 2 orders of February 8 and March 22 of the division bench of the Delhi High Court order which had lifted the single-judge's orders remaining the FRL-RRL merger. A bench headed by Justice R F Nariman, since retired, had handled the larger question and held that an award of an EA of a foreign nation is enforceable under the Indian Arbitration and Conciliation Act.
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IDFC First Bank Q2 Results: The banks core operating income - the net of interest expense and excluding trading gains, increased by 41 per cent to Rs. 2,930 crore in the September quarter...
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BPCL Q2 Outcomes: The state-run oil refiner's net profit stood at Rs 3,200 crore on a consolidated basis in the September quarter of the current financial ...
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Shiba inu is a spinoff of dogecoin, itself born as a satire of a cryptocurrency frenzy in 2013, and has almost no practical use....
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Online learning company Udemy Inc was valued at $3.7 billion after its shares opened seven per cent below offer price in their Nasdaq debut on Friday....
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Fino Payments Bank IPO: Retail specific investors revealed higher interest today as the part booked for them was subscribed 2.73 times-the greatest among the 3 groups of investors ... Fino Payments Bank IPO: The business has repaired a cost band of Rs 560-577 per shareFino Payments Bank's Rs 1,200 crore preliminary public deal (IPO) was subscribed 51 percent on the very first day its issue, according to membership information on the stock exchanges. The fintech business's public deal opened for subscription today for investors, and will close on November 2. On Friday, retail private investors (RII) showed greater interest as the portion reserved for them was subscribed 2.73 times - the greatest amongst the 3 groups of investors. The portion reserve for the certified institutional purchasers or QIB remained unsubscribed, while the portion booked for the non-institutional financiers was subscribed 0.05 times.For the public offer, Fino Payments Bank has actually repaired a rate band of Rs 560-577 per share. A retail-individual financier can look for approximately 13 lots - 325 shares or Rs 187,525. Axis Capital, CLSA India, ICICI Securities and Nomura Financial Advisory are the lead managers to the issue.The main market offering will consist of a fresh issue of Rs 300 crore and an offer for sale of up to 1,56,02,999 shares by the promoter Fino Paytech.The business will make use of net proceeds from the fresh issuance to augment its Tier - 1 capital base to fulfill future capital requirements. At the greater end of the cost band, Fino Payments Bank IPO is aggressively valued at 235 times FY21 incomes (on a post issue basis). However, offered its niche position, the bank might command a steep valuation. The bank generates over 95 percent of its earnings through fees and commissions.Given the business's strong topline growth, robust outlook due to digital payments chance, however high appraisals, financiers who want to take direct exposure to an upcoming novel fintech space could consider investing in this issue. Provided the aggressive valuations, the problem may not see high listing gains, SEBI-registered investment advisor said in a report.
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The EPFO had provided 8.65 per cent interest rate to the subscribers in 2016-17 and 8.55 per cent in 2017-18. The rate of interest was slightly higher at 8.8 per cent in 2015-16....
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The initial public deal (IPO) Policybazaar - the nation's leading online insurance coverage aggregator opens for membership on Monday, November 1. Run by PB Fintech, the Policybazaar is an online... Policybazaar IPO: The company has actually fixed the rate band of Rs 940 to Rs 980 per share The initial public offer (IPO) Policybazaar - the country's leading online insurance coverage aggregator opens for subscription on Monday, November 1. Run by PB Fintech, the Policybazaar is an online platform for consumers and insurance provider partners to purchase and sell insurance coverage items. It deals with clients who require details, choice, and openness in terms of insurance plan. IPO Dates: The bidding for the insurance marketplace's IPO will start on November 1 and close on November 3, 2021. The basis of the allotment date will be done on November 10. The problem is most likely to be noted on stock exchanges BSE and NSE in November 2021. IPO Price Band: The company has actually repaired a cost band of Rs 940 to Rs 980 per equity share for its public offer.IPO Information: The deal consists of a fresh concern of Rs 3,750 crore, together with an offer for sale (OFS) of Rs 1959.72 crore by existing promoters and investors. The problem size is 6,07,30,265 shares, with a stated value of Rs 2 each.IPO Lead Supervisors: Citigroup Global Markets India, HDFC Bank, ICICI Securities Limited, IIFL Securities, Jefferies India, Kotak Mahindra Capital Business Limited, Morgan Stanley India Company are the book running lead managers of the IPOFund Raising: Policybazaar aims to raise around Rs 5,710 crore through the public concern, according to particular media reports.Issue Goals: Policybazaar plans to utilise the fresh issue profits, after deducting the offer associated expenditures, for enhancing its visibility and awareness of brands (including but not limited to Policybazaar and Paisabazaar) (Rs 1,500 crore)-It prepares to use Rs 375 crore in ew opportunities to broaden customer base consisting of offline existence- Rs 600 crore will be made use of in strategic investments and acquisitions -Rs 375 crore will be used in broadening the company's existence outside India -General corporate purposes.Company Profile: Policybazaar uses its users with pre-purchase research study, purchase, including application, inspection, medical check-up, and payment; and post-purchase policy management, including claims assistance, renewals, cancellations, and refunds. As of March 2021, 51 insurance provider partners provided more than 340 term, health, motor, house, and travel insurance items on the policy fete platform.Competitive Strengths: Providing option and transparency to customers to research and choose insurance and individual credit products.-Technology options concentrated on automation and self-service-driven consumer experiences needing very little human intervention.Financials: PB Fintech recorded a consolidated loss of Rs 150.24 crore in financial 2020-21, compared to a loss of Rs 304 crore in FY20 and loss of Rs 346.81 crore in FY19. In the exact same periods, income from operations increased to Rs 886.66 crore, from Rs 771.29 crore and Rs 492.24 crore respectively.What experts say: At the higher end of the cost band, the problem is aggressively priced at 45 times price/sales (based upon FY22 annualised sales). Provided a fancy for unique tech-based start-ups, the concern might enjoy premium valuation.Given the bliss for this issue, the shares had actually been trading in the variety of Rs 2,100- Rs 2,300 in the unlisted market last week. Financiers with a higher risk-appetite seeking to take exposure to a specific niche tech-based platform need to think about investing in the concern, SEBI-registered financial investment advisor INDmoney said in a report.
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RBI imposed a penalty of Rs 56 lakh on The Nainital Bank, Uttarakhand, for non-compliance with certain norms related to classification of non-performing assets and frauds....
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Reliance Industries, Infosys, HDFC, Kotak Mahindra Bank, Larsen - & Toubro and Axis Bank were among the top drags out the Sensex ... The Indian equity criteria declined for third day in a row on Friday dragged as banking and financial services shares together with index heavyweight Reliance Industries came under offering pressure. Consistent selling by foreign institutional financiers in the middle of downgrade of Indian equities by worldwide financial investment bank Morgan Stanley has dented the investors' sentiment towards Indian markets. The Sensex fell as much as 895 points and Clever 50 index touched an intraday low of 17,613. The Sensex ended 678 points or 1.13 per cent lower at 59,307 and Nifty 50 index declined 186 indicate close at 17,672. Foreign institutional financiers sold shares worth Rs 3,818.51 crore on Thursday while foreign institutional financiers bought shares worth Rs 836.6 crore.The FIIs have up until now this month sold shares worth more than Rs 11,000 crore, according to NSDL data.Six of 15 sector assesses compiled by the National Stock Exchange ended lower led by the Nifty Private Bank and Infotech indexes' over 1 percent decrease. Clever Oil - & Gas, Financial Providers and Bank indices likewise ended on a weak note.On the other hand, automobile, pharma, metal, media and PSU bank shares saw purchasing interest.Mid- and small-cap share ended combined as Nifty Midcap 100 index ended on flat note while Nifty Smallcap 100 index fell 0.4 per cent.Shares of the Indian Railways' catering, tourism and online ticketing arm - Indian Railways Catering and Tourism Corporation (IRCTC) staged a strong recovery after Ministry of Railways withdrew IRCTC convenience fee sharing decision. Secretary, Department of Investment and Public Possession Management tweeted, Ministry of Railways has chosen to withdraw the decision on IRCTC convenience charge. The choice was reversed within 19 hours after the enormous fall in stock price.RBL Bank - dropped as much as 15 percent to hit an intraday low of Rs 172.10 a day after it reported September quarter incomes. RBL Bank's net revenue decreased sharply on account of higher provisioning in the second quarter of existing financial year. The bank reported net revenue of Rs 31 crore compared with Rs 144 crore during the exact same quarter in 2015, marking a decline 78 per cent.Tech Mahindra was top Nifty loser, the stock fell 3.5 percent to close at Rs 1,480. NTPC, IndusInd Bank, Kotak Mahindra Bank, Reliance Industries, Larsen - & Toubro, HDFC, Infosys, SBI Life, Axis Bank, Eicher Motors and Sun Pharma also fell in between 1.4-3 per cent.On the flipside, UltraTech Cement, UPL, Cipla, Shree Cement, Dr Reddy's Labs, Grasim Industries, Tata Steel, Maruti Suzuki and Adani Ports were amongst the gainers.The overall market breadth was unfavorable as 1,809 shares ended lower while 1,438 closed greater on the BSE.
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The credit card is built around credit physical fitness tracker and will support consumers in improving their score on the basis review of aspects affecting their credit rating ...
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The group is trying to find a total massive division between 2 groups-- one led by Adi and Nadir, and the other by Jamshyd and his sister Smitha Godrej Crishna ... It was revealed in August that Nadir Godrej will take over as Chairman of Godrej IndustriesThe $4.1 billion Godrej Group, spanning from soaps and home appliances to real estate, is headed for a split in between the brothers, sources knowledgeable about the matter said, citing external recommendations the household has actually sought for a friendly department of the 124-year-old conglomerate.At present, the group is led by veteran industrialist Adi Godrej (79 ), who is its chairman. His bro Nadir Godrej is the chairman of Godrej Industries as well as Godrej Agrovet. Their cousin Jamshyd N Godrej is the chairman of Godrej - Boyce Manufacturing Business Ltd, which is likewise the flagship firm of the conglomerate, one of India's earliest company houses.It was established in 1897 by lawyer-turned-serial entrepreneur Ardeshir Godrej, who after a couple of failed endeavors satisfied success with the locks business. According to a report, the group is searching for a total massive division in between two groups-- one led by Adi and Nadir, and the other by Jamshyd and his sibling Smitha Godrej Crishna.When grabbed comments, a joint statement by the family stated, The Godrej family has been working on a long-lasting strategic plan for the group for the last few years to ensure best value for its investors. Without sharing more information, the declaration included, As part of this workout, we have likewise consulted from external partners. These discussions between the household stay ongoing. People close to the household, including lenders Nimesh Kampani and Uday Kotak, along with well-known personalities from the legal field like Zia Mody of AZB - Partners and Cyril Shroff, are apparently being spoken with by the household for the exercise.According to the group, around 23 percent of the promoter holding in Godrej Group is held in trusts that buy environment, health and education spheres. Amongst the significant business of the group are the flagship unlisted engineering company Godrej - Boyce Mfg Co Ltd and noted entities such as Godrej Customer Products Ltd, Godrej Agrovet, Godrej Residences and Godrej Industries Ltd.While there are cross holdings in each of the business by the relative, the side of Adi and Nadir run the listed entities such as Godrej Consumer Products Ltd, Godrej Agrovet, Godrej Characteristics and Godrej Industries Ltd. On the other hand, Godrej - Boyce Mfg Co Ltd comes under Jamshyd.Patriarch Adi Godrej has been slowly stepping aside while his children have actually taken numerous obligations in the group.His eldest child Tanya Dubash is executive director and chief brand officer for the group. Youngest child Nisaba Godrej is presently executive chairperson of Godrej Consumer Products Ltd, while son Pirojsha is the chairman of Godrej Properties.Earlier in August, Adi had annouced stepping down as chairman in addition to from the board of directors of Godrej Industries Ltd, passing on the baton to his more youthful sibling Nadir.While Jamshyd's sis Smitha has actually not played an active function in business, her other half Vijay Crishna is a non-executive director of Godrej - Boyce, besides being director of Godrej Industries and Godrej Agrovet.It is understood that the expedition exercise of the department is being accelerated with the more youthful generation of the family getting more involved in the business and wanting more clearness over duty and ownership.
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Gold futures fell on Friday, October 29, taking hints from the worldwide spot prices.On the Multi Commodity Exchange (MCX), Gold futures due for a December 3 delivery, were last seen down 0.41 per... Domestic spot gold with pureness of 24 carats opened at Rs 47,927 per 10 grams.Gold Cost In India: Gold futures fell on Friday, October 29, taking hints from the worldwide spot rates. On the Multi Commodity Exchange (MCX), Gold futures due for a December 3 shipment, were last seen 0.41 per cent lower at Rs 47,760, compared to the previous close of Rs 47,961. Silver futures due for a December 3 delivery were last seen down 1.22 per cent at Rs 64,142 against the previous close of Rs 64,931. Domestic area gold with pureness of 24 carats opened at Rs 47,927 per 10 grams on Friday, and silver at Rs 64,099 per kg - both rates leaving out GST (products and services tax), according to Mumbai-based market body India Bullion and Jewellers Association (IBJA). Foreign Exchange Rates: Internationally, gold costs were set to mark a third straight weekly gain as a retreat in U.S. bond yields and a warm dollar raised bullion's safe-haven appeal. Area gold was consistent at $1,797.82 per ounce but got 0.3 per cent up until now today. U.S. gold futures dropped 0.2 per cent to $1,799.40 per ounce.What Analysts State: Ravi Singh, Vice President and Head of Research Study, ShareIndia: India's gold need has actually seen a 47 per cent year-on-year dive in the July-September quarter to 139.1 tonnes, following stround in financial activity and recovering consumer need, the World Gold Council said in a report. According to the WGC, gold demand in India is recovering to pre-Covid levels and going forward the outlook looks bullish. The advance quote yesterday showed that the U.S. Q3 GDP increased 2 per cent versus the market's expectations of a 2.7 per cent boost. The MCX Gold is most likely to be range bound today with a bullish predisposition. He suggested, Buy Zone around - Rs 47,850 for the target of Rs 48,150; Offer Zone below - Rs 47,700 for the target of Rs 47,500. Amit Khare, AVP - Research Study Commodities, Ganganagar Commodity Ltd: Yesterday December Gold made a low of Rs 47,746 then made a high of Rs 48,229, and silver made a low of Rs 64,680 then made a high of Rs 65,347. On Thursday, we saw some earnings booking in Bullions at greater levels which may continue for next 2-3 trading sessions. Momentum indicator RSI also mentioned the exact same on daily chart. Traders are advised to make fresh brief positions in gold and silver in small bounces near given resistance levels. They need to focus crucial technical levels offered for the day: December Gold closing cost Rs 47,961, Assistance 1 - Rs 47,650, Support 2 - Rs 47,500, Resistance 1 - Rs 48,100, Resistance 2 - Rs 48,260. December Silver closing cost Rs 64,931, Support 1 - Rs 64,500, Assistance 2 - Rs 64,000, Resistance 1 - Rs 65,300, Resistance 2 - Rs 66,000.
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Indian Oil Q2 Results: The state-run oil refiner's revenue from operations stood at Rs171,787.19 crore, compared to Rs 1,16,717.62 crore in the year-ago period...
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As part of the deal, Adani Group will acquire a 'significant' minority stake in Cleartrip. The offer is anticipated to close in November, based on popular closing conditions ... Adani Group will acquire a 'considerable' minority stake in travel aggregator CleartripAdani Enterprises revealed today that it has obtained a 'considerable' minority stake in Cleartrip Private Limited - an online travel aggregator (OTA) which belongs to the Flipkart Group. As a part of the financial investment, Cleartrip will serve as Adani Group's OTA partner.This takes place to be Adani Group's very first financial investment in the digital area. At a time when the nation witnesses a renewal in air travel, leading to a boost of flight bookings, the investment is said to 'deepen' the strategic partnership between the leading e-commerce platform and the Adani Group.The Adani Group operates 7 airports in the country, holding tremendous exposure in the airport facilities sector. Because the acquisition by the Flipkart Group, Cleartrip has experienced a 10 times development in flight bookings.The companies are most likely to benefit from synergies in the travel and tourism area and think that the collaboration will even more enhance digital reach and accessibility. ... we have a strongly establishing relationship with Flipkart that spans multiple dimensions consisting of data centres, fulfilment centres and now air travel. The companies believe this alliance will develop regional jobs, repeat the idea of Atmanirbhar Bharat and offer a platform for a wider 'SuperApp' journey, stated Mr Gautam Adani, Chairman, Adani Group.Earlier this year, Flipkart announced a 100 per cent acquisition of Cleartrip's shareholding as it looked for to raise financial investments to enhance its digital commerce offerings for customers.By collaborating with the Adani Group in locations such as travel-related products, commitment programs and other value-added services, Flipkart-owned Cleartrip intends to offer a smooth travel experience to clients and accelerate its growth. ... we aim to strengthen our relationship with the Adani Group and will explore methods which we can broaden our offerings for consumers, noted Mr Kalyan Krishnamurthy, President (CEO). Flipkart.The deal is anticipated to close in November 2021, based on popular closing conditions. On Friday, October 29, shares of Adani Enterprises settled 2.19 per cent greater at Rs 1,423.50 apiece on the BSE.
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The Sensex which recovered over 850 points previously in the day was down over 500 points ... The Indian equity standards moved dramatically lower in afternoon trading after staging a quick recovery in opening deals as banking and monetary services shares in addition to index heavyweight Reliance Industries came under offering pressure. The Sensex which recovered over 850 points earlier in the day was down over 500 points and Nifty fell listed below 17,750 after recuperating from low of 17,613.10 and striking an intraday high of 17,915.85. Reliance Industries, Kotak Mahindra Bank, Infosys, Larsen - & Toubro, HDFC Bank and Axis Bank were amongst the top drags on the Sensex.The Sensex fell 530 points or almost 1 percent to 59,455 and Nifty 50 index declined 132 indicate 17,725 by 1:40 pm.Consistent selling by foreign institutional financiers in the middle of downgrade of Indian equities by global investment bank Morgan Stanley has actually dented the financiers' sentiment towards Indian markets.Foreign institutional financiers sold shares worth Rs 3,818.51 crore on Thursday while foreign institutional financiers purchased shares worth Rs 836.6 crore.The FIIs have up until now this month offered shares worth more than Rs 11,000 crore, according to NSDL data.Meanwhile, six of 15 sector determines put together by the National Stock Exchange were trading lower led by the Nifty Private Bank index's 1.3 per cent fall. Nifty Bank, IT, Financial Providers and Oil - & Gas indices were likewise trading lower.On the flipside, realty, pharma, PSU bank and metal stocks were experiencing purchasing interest.Mid- and small-cap shares were trading combined as Nifty Midcap 100 index increased 0.3 percent while Smallcap 100 index fell 0.6 per cent.Shares of the Indian Trains' catering, tourism and online ticketing arm - Indian Railways Catering and Tourist Corporation (IRCTC) staged a strong healing after Ministry of Railways withdrew IRCTC benefit cost sharing choice. Secretary, Department of Investment and Public Possession Management tweeted, Ministry of Railways has decided to withdraw the choice on IRCTC benefit fee. The decision was reversed within 19 hours after the enormous fall in stock price.RBL Bank - dropped as much as 15 per cent to hit an intraday low of Rs 172.10 a day after it reported September quarter profits. RBL Bank's net revenue decreased dramatically on account of greater provisioning in the 2nd quarter of existing financial year. The bank reported net profit of Rs 31 crore compared with Rs 144 crore during the very same quarter last year, marking a decline 78 per cent.Kotak Mahindra Bank was top Nifty loser, the stock fell 3.4 per cent to Rs 2,027. Reliance Industries, NTPC, IndusInd Bank, Larsen - & Toubro, Tech Mahindra, Axis Bank, Sun Pharma, HDFC, SBI Life, Eicher Motors and Wipro also fell in between 1.2-2.6 per cent.On the flipside, UltraTech Cement, Shree Cement, Cipla, Maruti Suzuki, Tata Steel, Adani Ports, Tata Motors and Divi's Labs were amongst the gainers.The total market breadth was negative as 1,761 shares were declining while 1,400 were bearing down the BSE.
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Bank Holidays in November 2021: Banks will stay closed on account of a couple of festivals next month and under the Negotiable Instruments Acts in a couple of states ... Bank Holidays in November 2021: ATM gain access to and online banking services will be open for customersBank vacations in November 2021: Banks will remain closed on account of a couple of festivals next month and under the Flexible Instruments Acts in a few states. A few of the festivals observed next month consist of Diwali, Bhai Duj, Chhath Puja, among others, due to which banks in a few states will remain closed according to the Negotiable Instruments Act, according to the Reserve Bank of India (RBI). The central bank has classified the bank holidays under three categories, that include, Vacation under Flexible Instruments Act and Real-Time Gross Settlement Holiday, Vacation under Flexible Instruments Act, and Banks' Closing of Accounts. According to the RBI, few states will observe bank vacations due to the upcoming celebrations on the list below days: November 1, 2021: Kannada Rajyostsava/Kut November 3, 2021: Naraka Chaturdashi November 4, 2021: Diwali Amavasaya (Laxmi Pujan)/ Deepavali/Kali Puja November 5, 2021: Diwali (Bali Pratipada)/ Vikram Samvant New Year Day/Govardhan Pooja November 6, 2021: Bhai Duj/Chitragupt Jayanti/Laxmi Puja/Deepawali/Ningol Chakkouba November 10, 2021: Chhath Puja// Surya Pashti Dala Chhath (Sayan ardhya) November 11, 2021: Chhath Puja November 12, 2021: Wangala Celebration November 19, 2021: Master Nanak Jayanti/Karthika Purnima November 22, 2021: Kanakadasa Jayanthi November 23, 2021: Seng Kutsnem November 1, 2021: Banks in Karnataka and Manipur will observe a vacation due to Kannada Rajyostsava/Kut November 3, 2021: Banks in Karnataka will remain closed on account of Naraka Chaturdashi November 4, 2021: Banks in all states will be closed except Karnataka due to Diwali Amavasaya (Laxmi Pujan)/ Deepavali/Kali Puja November 5, 2021: Banks will stay closed in Gujarat, Karnataka, Uttar Pradesh, Uttarakhand, Sikkim, Rajasthan, and Maharashtra, due to Diwali (Bali Pratipada)/ Vikram Samvant New Year Day/Govardhan Pooja November 6, 2021: Banks will observe a vacation in Sikkim, Manipur, Himachal Pradesh, and Uttar Pradesh on account of Bhai Duj/Chitragupt Jayanti/Laxmi Puja/Deepawali/Ningol Chakkouba November 10, 2021: Banks will stay closed in Bihar and Jharkhand on account of Chhath PujaNovember 11, 2021: Banks will remain closed in Bihar on account of Chhath PujaNovember 12, 2021: Banks will be shut in Meghalaya due to Wangala Celebration November 19, 2021: Banks will be closed in Mizoram, Madhya Pradesh, Uttarakhand, among few others due to Expert Nanak Jayanti/Karthika Purnima November 22, 2021: Banks will observe a holiday in Karnataka on account of Kanakadasa Jayanthi November 23, 2021: Banks will be shut in Meghalaya due to Seng Kutsnem Weekend vacations in November 2021: November 7, 2021-- Weekly off (Sunday)November 13, 2021-- Second SaturdayNovember 14, 2021-- SundayNovember 21, 2021-- SundayNovember 27, 2021-- Fourth SaturdayNovember 28, 2021-- SundayEven when the banks in various states are closed due to observed celebrations or holidays stated by the RBI, customers can obtain services such as ATM, electronic banking, net banking, etc.
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Rupee Vs Dollar Rate Today: At the interbank forex market, the local system opened at 74.78 versus the dollar and signed up an intra-day high of 74.74 ...
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Wharton School will accept coins such as bitcoins as a payment method for its online blockchain and digital assets program, valued at $3,800...
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The financing ministry has invited applications to designate the next chairman of the Securities and Exchange Board of India (Sebi) to prosper Ajay Tyagi, whose five-year term comes to an end in February ... Ajay Tyagi's five-year term concerns an end in February.The financing ministry has invited applications to select the next chairman of the Securities and Exchange Board of India (Sebi) to prosper Ajay Tyagi, whose five-year term concerns an end in February.Tyagi, a 1984 batch IAS officer of Himachal Pradesh cadre, was designated as Sebi chairman on March 1, 2017, for a duration of three years. Subsequently, he was given a six-month extension and later on in August 2020, tenure was extended by 18 months.In a public notice dated October 28, the ministry has invited applications from eligible candidates for the post of Sebi chairman for an optimal duration of 5 years or till 65 years, whichever is earlier.Applications of qualified candidates in recommended proforma in addition to licensed copies of required documents might be forwarded, through a correct channel (anywhere suitable) on or prior to December 6, 2021 a public notification provided by the Finance Ministry's Economic Affairs Department said. Insufficient applications and applications gotten after the last date will not be considered, it said.In the past, the federal government has actually provided extension to U K Sinha for three years, making him the second longest-serving chief of Sebi after D R Mehta.In the case of Tyagi, the federal government provided consultation notice twice. According to the very first notice released on February 10, 2017, Tyagi, the then Additional Secretary (Investment) in Department of Economic Affairs, was designated chairman of Sebi for a duration not surpassing 5 years or till the age of 65 years or till more order, whichever is earlier.Subsequently, another notice curtailed his visit to an initial duration of 3 years.As per the treatment for the consultation of regulators, the prospects will be shortlisted by the Financial Sector Regulatory Appointments Search Committee (FSRASC) headed by Cabinet Secretary.The shortlisted prospects are talked to by the panel comprising Economic Affairs Secretary and three external members having actually domain knowledge.Based on interaction, FSRASC recommends name to the Appointments Committee of Cabinet headed by Prime Minister Narendra Modi for approval.
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Fiscal Deficit Data: The government's financial deficit has worked out to be Rs 5.26 lakh crore or 35 per cent of the budget estimates at the end of September 2021 ...
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RBL Bank's asset quality deteriorated as its gross non-performing assets came in at 5.4% in September quarter compared with 4.99% in previous quarter....
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Petrol and Diesel Price Today: In the national capital, petrol prices were hiked by 35 paise from Rs 108.64 to Rs 108.99 per litre, while diesel rates were also hiked from Rs 97.37 to Rs 97.72 per......
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Infrastructure Output in September 2021: The growth in the infrastructure output last month was mostly driven by the natural gas, coal, and cement sectors....
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The Central sphere rates are applicable to establishments under central government, railway administration, mines, oil fields, major ports or any corporation established by the central government...
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Bitcoin touched an all-time high of around $67,000 a few days ago....
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Nykaa IPO: On Friday, retail specific financiers revealed big interest as the portion reserved for them was subscribed 6.32 times - the highest amongst the three groups of financiers ... Nykaa IPO was subscribed 4.32 times on the 2nd day of issueE-commerce charm huge Nykaa's Rs 5,352 crore initial public offering (IPO) was subscribed 4.82 times on the second day of concern, mainly on the back of high bidding by retail investors, according to membership data on the stock exchanges. The beauty e-tailer's IPO opened for bidding on Thursday, October 28, and will close for subscription on November 1. On Friday, retail private investors (RII) showed overwhelming interest as the part reserved for them was subscribed 6.32 times - the highest among the three groups of financiers. The part reserve for the certified institutional buyers or QIB was subscribed 4.72 times, while the portion reserved for the non-institutional individual investors was subscribed 4.17 times.For the public deal, Nykaa has fixed a price band of 1,085-1,125 per share. Bids can be produced a minimum of 12 equity shares and in multiples of 12 equity shares thereafter approximately 14 lots. A retail-individual investor can obtain up to 14 lots - 168 shares or Rs 189,000. Founded by banker-turned-businesswoman Falguni Nayar, the appeal and style marketplace was incorporated in 2012 and is the nation's first woman-led unicorn. FSN E-Commerce Ventures - runs the charm and personal care segment through Nykaa and the apparel and accessories vertical through Nykaa Style. Nykaa is the biggest specialized beauty and personal care platform in India in regards to worth of products sold in FY21.The mobile phone area in India has actually been considerably interfered with by mobile phones in the last 5-6 years, driven by availability of low-priced alternatives from local as well as international brands.The business at the upper band of the IPO is used at 21.6 x cost to sales for FY21. The appraisal of the IPO is rich, demanding a market cap of Rs. 532,040 million.The business has an unique organization proposition amongst its consumer base and also has an aspirational brand image which augurs well in the long termConsidering the future possibility for the company and it being put at a sweet area as the very first mover advantage we assign Subscribe-Long Term Score to this IPO, domestic brokerage company Anand Rathi said in its IPO note.
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The Ministry of Railways has actually communicated its choice to share the earnings made from benefit cost gathered by IRCTC in the ratio of 50:50 from November 1 ... IRCTC shares plunged as much as 29% to strike an intraday low of Rs 650. Shares of the Indian Railways' catering, tourist and online ticketing arm - Indian Railways Catering and Tourist Corporation (IRCTC) - plunged as much as 29 per cent to hit an intraday low of Rs 650.10 on the BSE after the business informed exchanges that Ministry of Train asked it to share half of all the benefit charge income it earns. The Ministry of Railways has communicated its decision to share the profits earned from convenience charge gathered by IRCTC in the ratio of 50:50 from November 1, IRCTC said in an exchange filing after market hours on Thursday.The state-owned IRCTC is the only company authorised to handle food services on trains and has a monopoly in the online ticketing and catering services for the Indian Railways.In the previous session, IRCTC shares jumped 20 per cent after it started trading ex-stock split. Starting Thursday, IRCTC shares were divided in the ratio of 1:5, sub-dividing the stated value of share from Rs 10 per share to Rs 2 per share. IRCTC board had actually revealed the strategy to split the stock on August 12. The choice on stock split was approved by the Ministry of Railways and it took more than 2 months to finish the process.As of 10:26 am, IRCTC shares traded 19 per cent lower at Rs 739.35, underperforming the Sensex which was trading on a flat note.
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