The handsome gains were expected due to the robust demand for the IPO, which was subscribed 69 times against the shares on offer

Tata Technologies

Business Standard

Tata Technologies' IPO raised Rs 3,040 crore ($365 million), with shares being sold at Rs 500 each, the top of the marketed range. Demand exceeded shares on offer by 69 times, as investors piled

Tata, Tata logo

Bloomberg

Stock market highlights: After listing at a whopping 140 per cent premium, shares of Tata Technologies closed at Rs 1,326, which is 165 per cent higher against the issue price of Rs 500

BSE, stock market, sensex

Through 'Jan Bhagidari' events, G20 reached 1.4 billion citizens, involving all states and Union Territories as Partners

State Assembly elections LIVE: Catch all the latest updates of Assembly elections 2023 here, poll predictions to be released soon

BJP, Congress

Israel and Hamas agreed to extend their cease-fire for two more days past Monday, the Qatari government said, bringing the prospect of a longer halt to their deadliest and most destructive war and further exchanges of militant-held hostages for Palestinians imprisoned by Israel.
The announcement, made by Qatari Foreign Ministry spokesman Majid Al Ansary in a post on X, came on the final day of the original four-day truce between the warring sides. A fourth swap of hostages for prisoners under that deal was expected later Monday. Qatar, along with the United States and Egypt, has been the key mediator in the ongoing conflict between Israel and Hamas.
Israel has said it would extend the cease-fire by one day for every 10 additional hostages released. After the Qatari announcement, Hamas confirmed it had agreed to a two-day extension under the same terms.
But Israel says it remains committed to crushing Hamas' military capabilities and ending its 16-year rule over Gaza after its Oct. 7

hamas israel hostage

Press Trust of India

India, South Africa and Egypt have introduced a paper regarding ongoing discussions on the reforms of the World Trade Organisation's (WTO) dispute settlement body, an official said.
The paper - Reflections on the Reform of the WTO Dispute Settlement System - was introduced in a meeting of the body in Geneva.
In the meeting, "India took the floor to introduce the joint communication from Egypt, India and South Africa," the Geneva-based official said, without disclosing details of the paper.
It was circulated among the WTO members on November 24.
The introduction of the paper assumes significance as India is batting for starting formal negotiations by WTO members to reform the dispute settlement body, as the present informal deliberations are creating hindrances for several nations to participate in the talks.
WTO's dispute settlement body (DSB) is one of the important arms of the 164-member Geneva-based body. Besides monitoring global exports and import-related rules, it adjudicate

The Kerala State Human Rights Commission (SHRC) on Monday registered a case in connection with the stampede at Cochin University's annual tech festival and sought a report from the state government within two weeks.
The SHRC has issued a notice to the Aluva Rural SP and the Registrar of the University based on a complaint alleging security lapses in the event.
Four people were killed and 60 were injured in the stampede that occurred before renowned singer Nikita Gandhi was to perform at a musical festival in the open-air auditorium of Cochin University of Science and Technology (CUSAT).
The complaint before the rights panel alleged that there was only one entrance to the hall which can accommodate 2,500 people.
According to officials, the event was an annual festival, and this year it was scheduled to be held from November 24 to 26. The musical event was organised in an auditorium with a capacity of 1,000 to 1,500 people.

Kerala Stampede

The steady rise in pneumonia among children in kindergartens and primary schools flooded hospitals this month and prompted the World Health Organization to make an inquiry with Beijing

China

The Mines Ministry is in the process of preparing a policy for critical  minerals which will include a road map for strengthening the supply chain of these essential resources, an official release said on Monday.
Critical minerals such as copper, lithium, nickel, cobalt and rare earth elements are essential components in many of today's rapidly growing clean energy technologies  from wind turbines and electricity networks to electric vehicles.
"The strategy will also identify the responsibilities of different ministries of Government of India in ensuring the resilience of the supply chain of critical minerals," the Mines Ministry said in a statement.
The ministry is also preparing a strategy for recycling of metals which will help to increase the recycling capability and streamline the recycling process and will also work with partner countries to co-develop mineral processing and raw material manufacturing capabilities.
Apart from strengthening the domestic mechanisms, collaborati

critical minerals

The current wage agreement for PSB employees expired on November 1, 2022

Private banks have better loss-absorption capacity, but are nonetheless bolstering core capital

banks, psbs

Rs 17K cr offer at Rs 4,150 per share to open on Dec 1

Tata Sons set to earn record dividend worth nearly Rs 33,350 cr in FY23

Tata Sons

Latest PLFS shows unemployment rate fell to its lowest level of 3.2% in July-June 2022-23

Shares of Adani Power hit a new high of Rs 464.30, as they surged 17 per cent on the BSE in Tuesday's intra-day trade on back of over six-fold jumped in average trading volumes.

Adani Power: When the biggest pvt thermal player thinks solar

Charlie Munger, who helped Warren Buffett build Berkshire Hathaway into an investment powerhouse, has died. He was 99.
Munger's death was confirmed in a statement from the company, which said he died Tuesday at a California hospital.
Munger served as Buffett's sounding board on investments and business decisions and helped lead Berkshire as its vice chairman for decades.
Munger preferred to stay in the background and let Buffett be the face of Berkshire, and he often downplayed his contributions to the company's remarkable success.
But Buffett always credited Munger with pushing him beyond his early value investing strategies to buy great businesses.
"Charlie has taught me a lot about valuing businesses and about human nature," Buffett said in 2008.
Buffett's early successes were based on what he learned from former Columbia University professor Ben Graham. He would buy stock in companies that were selling cheaply for less than their assets were worth, and then, when the market p

Charlie Munger

Of the 137 people who became billionaires last year, 53 inherited fortunes amounting to a combined $150.8 billion, according to a study published on Thursday

richest wealth money

Nandan Nilekani, co-founder of Infosys, K P Singh, chairman emeritus at DLF, and Nikhil Kamath, co-founder of Zerodha, have been named on the 17th edition of Forbes Asia's Heroes of Philanthropy list released on Thursday.
The unranked list "highlights business leaders who are donating from their fortunes and giving personal time and attention to their select causes", Forbes said in a press release.
The annual list, which spotlights 15 philanthropists, does not include corporate philanthropy except for privately-held companies where the individual is a majority owner.
Nandan Nilekani, co-founder and chairman of tech giant Infosys, have made it to the list for donating Rs 3.2 billion (USD 38 million) to his alma mater IIT Bombay in June, Forbes said, adding that the gift will be made over a period of five years.
This was to mark his 50-year association with the technology institute, where he studied electrical engineering as an undergraduate.
Since 1999, Nilekani has given Rs 4 bill

Nikhil Kamath

Is the old pension scheme making a comeback? Have the stars aligned for Tesla's India entry? How will markets play out in this holiday-truncated week? Who are the Houthis? All answers here

TMS Ep572: Old pension scheme, Tesla in India, markets this week, Houthis

"We see AI as a kinetic enabler for the $1 trillion digital economy goal that we set for ourselves as a nation. So, it's a very big deal for us," said Chandrasekhar

Rajeev Chandrasekhar

IT major Infosys on Thursday said it has partnered with energy company Shell to accelerate the adoption of immersion cooling services for data centres.
Infosys and Shell will bring together their capabilities in digital and energy, respectively, along with an ecosystem of partners to create an integrated offering for green data centres, the IT firm said in a statement.
"In our joint efforts with Shell, we aim to create a more sustainable future. This collaboration will leverage AI-based digital solutions that will create environmentally responsible data centres that can manage high computing loads with optimised hardware.
"It is also critical that future digital and physical solutions are created with a view to make AI more sustainable and scalable," Infosys EVP & Global Head - Sustainability, Services, Utilities, Resources and Energy Ashiss Kumar Dash said.
Infosys claims to have turned carbon-neutral in 2020, 30 years ahead of the timeline set by the Paris Agreement.

The attrition rate at Infosys touched a record high of 27.7 per cent in the fourth quarter of FY22 on an LTM (last twelve months) basis, the company revealed

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Heirs beat self-made billionaires for the first time: UBS Group AG

'Heroes of philanthropy': Nikhil Kamath, Nandan Nilekani on Forbes' list

TMS Ep572: Old pension scheme, Tesla in India, markets this week, Houthis

Need guardrails to ensure that AI can never be misused: Chandrasekhar

IT major Infosys inks pact with Shell for sustainable data centres

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