Shares of Paytm parent One97 Communications rose 9% in intra-day trade on Thursday after the company announced that it partnered with Samsung to offer ticket-booking facility for flight, bus, movies and events on Samsung Wallet. The stock closed nearly 8% higher at Rs 432.90 on the National Stock Exchange.
The partnership aims at enhancing consumers convenience by offering a seamless, integrated booking experience directly through the Samsung Wallet, facilitating access to a wide range of services through Paytm.
Galaxy smartphone users using the Paytm app for flight, bus and movie bookings and the Paytm Insider app for event booking will be able to add their tickets directly to Samsung Wallet using ‘Add to Samsung Wallet’ functionality, a press release said.<…
The Initial Public Offering (IPO) of pharmaceutical ingredient manufacturing firm Valiant Laboratories was subscribed 2.17 times on the third day of bidding on Friday.
The initial share sale received bids for 1,65,77,925 shares against 76,23,030 shares on offer, as per NSE data.
The category for Retail Individual Investors (RIIs) was subscribed 3.11 times while the quota for non-institutional investors got subscribed 1.51 times. The portion for Qualified Institutional Buyers (QIBs) received 1.04 times subscription.
Price range for the offer is Rs 133-140 a share.
The IPO is an entirely fresh issuance of up to 1.08 crore equity shares.
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Vodafone Idea’s FPO share price opened at Rs 11.80 per share, marking a 7.27% increase on the NSE compared to the issue price of Rs 11. On the BSE, Vodafone Idea’s FPO share price opened at Rs 12 apiece today, reflecting a 9% increase from the issue price.
The subscription stared on Thursday, April 18, and concluded on Monday, April 22, Vodafone Idea, the third-largest telecom provider in the country, witnessed significant investor interest. The final offering price for each share was set at Rs 11, which falls at the upper end of the price band of Rs 10-11.
Vodafone Idea’s FPO garnered Rs 18,000 crore, making it India’s largest-ever FPO. The issue was oversubscribed nearly seven times, with institutional investors injecting substantial fun…
Oil prices fell in early Asian trade on Wednesday after a U.S. industry group reported crude stocks rose more than expected last week and as investors reined in expectations for interest rate cuts by the U.S. Federal Reserve. Brent futures fell 29 cents, or 0.4%, to $82.48 when the market opened at 0000 GMT. U.S. West Texas Intermediate (WTI) crude futures fell 22 cents, or 0.3%, to $77.65 a barrel.
U.S. crude oil inventories rose 8.52 million barrels in the week ended Feb. 9, according to market sources citing American Petroleum Institute figures released late on Tuesday. The build was much bigger than the 2.6 million barrel increase that analysts polled by Reuters expected.
Shares of Bharat Heavy Electricals Limited (BHEL) experienced a significant boost, soaring by 12% on Monday, marking its most substantial single-day surge since September 1, 2021. The surge comes in the wake of another potentially sizable order in the pipeline.
The rise in BHEL’s stock is attributed to the board approval of a substantial investment by state-run peer NTPC. NTPC approved an investment of Rs 17,195.3 crore for the third phase of the Singrauli Super Thermal Power Project, a 2×800 MW project. Notably, BHEL was the sole bidder for the construction of the Singrauli plant, sparking optimism and driving the surge in BHEL’s shares.
GIFT Nifty indicated a positive start for domestic indices BSE Sensex and NSE Nifty 50. Here’s a look at the things to know ahead of the opening bell on Monday.
GIFT Nifty traded up 83 points or 0.14% at 21,423, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 jumped 256.35 points or 1.23% to settle at 21,182.70, while the BSE Sensex soared 926.60 points or 1.34% to 70,514.20.
“Markets resumed uptrend after a breather and gained over a percent, tracking favorable global cues. Firm US markets triggered a gap-up start in Nifty, which further strengthened as the session progressed. Eventually, it settled closer to the day’s high at 21,182.70 levels. All key sectors participa…
Popular Vehicles and Services IPO allotment to be finalised on March 15. It is expected that the company’s shares may get listed on bourses on March 19. The investors can check the allotment details on the registrar’s website.
Here’s how you can check the allotment:
Step 1