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Jyoti CNC Automation IPO will open for subscription on January 9. The IPO is worth up to Rs 1,000 crore and will be the first mainboard issue of the year. Investors can subscribe to a minimum of 45 shares in one lot and its multiples thereafter. The company is offering a discount of Rs 15 per equity share to eligible employees under the employee reservation portion.
Shri Balaji Valve IPO had received a robust response from investors with a subscription of 276 times at close. While the NII category was booked the most at 799 times, retail investor portion was subscribed 169 times. The QIB portion of the issue was booked 70 times.
Prime Minister Narendra Modi on Saturday said while people are eager to come to Ayodhya on January 22 for the Ram temple consecration ceremony, it is not possible for everyone to reach the holy city on the day and they should visit later on according to their convenience.
Finance Minister Nirmala Sitharaman is set to meet with CEOs of state-run banks to assess their performance on government schemes and address issues like bad loan recovery. Recent discussions focused on monitoring key accounts and expediting insolvency cases. The government emphasizes achieving financial inclusion targets and extending credit outreach campaigns.
Luxury car makers see a structural change in consumption pattern, with growing preference for premium vehicles and emergence of a younger customer set. Strong corporate performance, booming economy combined with increased spending capacity is fuelling luxury car consumption, say car makers.
The petition has also sought the quashing of the second supplementary charge sheet filed by the ED in the case and the related proceedings pending before a trial court in New Delhi.
The company proposes to utilise the net proceeds towards repayment and/or pre-payment of some of its loans in full or part, a company release said on Wednesday. The company had availed funding for long-term working capital requirements and general corporate purposes.
Rajasthan Chief Minister Bhajan Lal Sharma's convoy met with an accident on Tuesday. The incident occurred when the chief minister was on his way to Girraj Daan Valley temple in Mathura. Sharing details of the incident, Deeg Superintendent of Police Brijesh Jyoti Upadhyay said the vehicle in which CM Sharma was travelling went off the road and fell into a drain near Punchari Ka Lautha at the Uttar Pradesh border.
Assam Director General of Police GP Singh responded to the militant outfit ULFA (Independent), stating that they are free to target him but should spare others. The ULFA (I) claimed responsibility for two recent grenade blasts in Assam, emphasizing that their actions were to demonstrate that the Assam Police is not personal property.