Star Health and Allied Insurance's Rs 7,250-crore initial public offering (IPO), the third largest this year and eighth largest ever, just about managed to make it despite a poor response from investors, garnering just 79 per cent subscription, forcing the investment bankers to prune offer for sale (OFS) component. This is the second large offering after digital payments major Paytm this year to receive a lukewarm response from investors, a sign that despite the IPO frenzy investors are discerning when it comes to pricing. As Star Health didn't meet the profitability criteria, its IPO required a mandatory 75 per cent subscription from qualified institutional buyers (QIB).
Prime Minister Narendra Modi will participate in the first in-person summit of the Quad leaders in Washington on September 24 that is expected to broadly focus on contemporary global challenges including ways to ensure a free, open and inclusive Indo-Pacific.
The combined market capitalisation of the top 873 family-owned companies was down 26.3 per cent year-on-year (YoY) to Rs 61.8 trillion at the end of trading on Tuesday. It had grown 6 per cent in FY19 and nearly 20 per cent in FY18.
IT major nears $100 bn m-cap, accounts for 61% of the group's combined valuation.
The local people of Model Veng have identified a 500m stretch along the banks of the Tuichang, where the fish are believed to have their spawning ground, where they set up a 24-hour patrol, taking different shifts, to prevent overfishing.
'You can't just have one single player who is individually doing well and be able to win the World Championship or the Olympics.' 'In the Thomas Cup, you need a group of players performing at the same time at their highest level.' 'So that shows how difficult it is, and what a great achievement that is for a country like India to be able to win it.'
Nikunj Saraf, Vice President Choice Wealth, answers your mutual fund queries.
Justice Brijesh Sethi held that the 2018 amendment to the Prevention of Corruption Act relating to Section 13 (1)(d) would not come to the rescue of the acquitted accused in this appeal.
Featuring Dale Steyn, Mohammad Siraj, Yuzvendra Chahal.
Sri Lanka will have to produce something special to halt England's juggernaut at Sharjah.
The vintage aircraft is expected to cover approximately a distance of 27,000 miles across 29 countries with a stopover at 100 different locations.
'We are recreating the biggest sports rivalry in the world, which is Indians versus Pakistanis right here in the United States.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Reliance Industries Ltd, the nation's most valuable company, on Thursday said it has raised $4 billion (around Rs 30,000 crore) in debt through the largest ever foreign currency bond issuance by an Indian entity. The oil-to-telecom conglomerate plans to use the proceeds of the three tranche issues to retire existing borrowings. The issue was "nearly 3 times oversubscribed with a peak order book aggregating around $11.5 billion," the company said in a statement. This is the largest ever foreign currency bond transaction in India, eclipsing ONGC Videsh Ltd's $2.2 billion US dollar bonds issue of 2014.
Updates from around the different clubs in the English Premier League
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Germans will play their group matches in Munich
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The Hinduja Group, Mukesh Ambani, Murugappa, and the Adani groups were the other gainers in the Modi regime, while Naveen Jindal and Sun Pharma groups saw the most erosion in their m-cap in the last five years, reports Krishna Kant.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Regaining the lost sheen, sales of gold jewellery and coins are set to touch pre-COVID levels in volume terms on the auspicious Dhanteras as easing pandemic concerns and pent up demand saw consumers flocking to stores to buy the precious metal. Increased footfall at stores and brisk sales online as well as relatively softer gold prices compared to record Rs 57,000 per 10 grams level in August spurred increased buying, especially light weight offerings, on Tuesday. Dhanteras is considered to be auspicious for buying precious metals and other valuable items.
Mobility company Ola's chief financial officer Swayam Saurabh and chief operating officer Gaurav Porwal are leaving the company. These developments come at a time when the SoftBank-backed company's core ride-hailing unit is planning to go public and for which it raised $500 million from Warburg Pincus and Temasek in July this year. These investment firms had partnered with the company founder Bhavish Aggarwal for this round.
The National Cricket Academy (NCA) will share a list of players who they deem will be keen to opt for the course and can benefit from it in the long run.
'The ship has been stabilised.' 'For the last 6-7 quarters, profitability is stable around Rs 250-Rs 300 crore.'
For the first time, Akhilesh is leading the SP almost single-handed into a major election, but he is not the only one running the show Shikha Shalini reports.
The CPL, which was originally scheduled to commence on August 28, will now be played between August 26 and September 15.
Revenge he will exact from a party he had led with great aplomb until the Gandhi siblings stepped in and, in order to show who was the boss, flung him aside, observes Virendra Kapoor.
Uttar Pradesh left-arm spinner Saurabh Kumar is the only new face in the 18-member Indian squad for the three-Test series against Sri Lanka.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
LIC identifies the problems well, but what the markets will watch is how nimble it is with the solutions.
'I have never been afraid of death or threats, and I have never wanted to give up and silence my voice.'
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Deputy US Attorney General Jeffrey Rosen on Wednesday announced that three indictments have been unsealed in the matter that collectively charge five Chinese nationals with computer hacking and charge two Malaysian nationals with helping some of those hackers target victims and sell the fruits of their crime.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Finch is happy that both Smith and David Warner have done incredible work during their time off the field which is showing off
Bangladesh thrashed Australia by 60 runs in Dhaka on Monday to secure a comprehensive 4-1 series win, with the tourists' batsmen managing just 62 in 13.4 overs, their worst ever total in the format.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The Rajiv Gandhi assassination, investigation and trial were all jinxed in parts, recalls N Sathiya Moorthy.
As president, global corporate affairs, Jaishankar will report to Tata Sons Chairman N Chandrasekaran, the company said in a statement.
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