RailTel Corporation of India IPO day 1: Issue subscribed 2.63 times, retail portion booked 5 times
The company is expected to enjoy premium post listing owing to absence of major players in the listed space, said Ajcon Global. February 16, 2021 / 07:50 PM IST
The public offer of RailTel Corporation of India, the information and communications technology (ICT) infrastructure provider, has subscribed 2.63 times so far in morning on February 16, the first day of bidding.
The issue has received bids for 16.13 crore equity shares against offer size of over 6.11 crore shares, the subscription data available on the exchanges showed.
The retail investors seem strongly supportive to the issue as their reserved portion has subscribed 4.99 times, and that of employees 81 percent. The portion set aside for non-institutional investors has subscribed 75 percent, while qualified institutional buyers have not started putting their bids yet.
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Post COVID-19 world: PM Modi interacts with top economists
India
Updated: Saturday, January 9, 2021, 17:31 [IST]
New Delhi, Jan 09: Prime Minister Narendra Modi interacted with India s leading economists, organised by NITI Aayog, on charting the economic agenda in the post covid world.
All the attendants agreed that high-frequency indicators are showing signs of a strong economic recovery, and that too earlier than expected. The attendants were broadly in agreement that next year will see robust growth and suggested measures to maintain this growth rate to drive India s socio-economic transformation.
Prime Minister Narendra Modi
The participants in the discussion highlighted the strong structural reform measures that have been undertaken in the past few years and how they would help in the creation of an Atmanirbhar Bharat. Suggestions were made by participants on future reform areas.
Economists stress importance of investing in public health, education in interaction with PM Modi ANI | Updated: Jan 08, 2021 23:54 IST
New Delhi [India], January 8 (ANI): Prime Minister Narendra Modi interacted with leading economists of the country on charting the economic agenda in the post-COVID world and highlighted government s commitment to developing world-class infrastructure and the economic potential set to be unleashed by National Optical Fibre Network.
He highlighted the faith shown by foreign investors in India s growth story, with foreign direct investment growing by 11 per cent between April and October, despite a global recession.
The participants stressed the importance of investing in public health and education, as human capital would also likely emerge as a driver of growth, especially in the knowledge economy going forward. They also stressed on labour-intensive manufacturing given the success India has achieved in laun