Bajaj Housing Finance IPO listing: Shares beat GMP at listing with 114 per cent premium. The m-cap of the company surpassed Rs 1-trillion mark within minutes of the mega listing

Bajaj Housing Finance (Photo: X/@NSEIndia)

The Chennai unit of Ford, spread across an area of 350 acres, had an annual production capacity of around 200,000 vehicles and 340,000 engines

Ford plant, chennai, ford motors

Eraaya Lifespaces share price was locked in the 5-per cent upper circuit for the 14th straight trading day on the BSE. It has zoomed 102% in the past 3 weeks

Sensex, Nifty, stock brokers

In a falling interest rate scenario, impacts growth and quality stocks more positively, say experts

India’s benchmark indices rallied on Friday, mirroring gains in global equities, after the latest US economic data allayed fears of recession in the world’s biggest economy. The continued buying support from domestic investors added to the market buo

India's benchmark indices rallied on Friday, mirroring gains in global equities, after the latest US economic data allayed fears of recession in the world's biggest economy. The continued buying support from domestic investors added to the market buo

The Reserve Bank of India on Friday said it has imposed a penalty of Rs 31.8 lakh on BNP Paribas (the bank) for certain deficiencies in statutory and regulatory compliance.
The central bank has also imposed penalties on Hewlett Packard Financial Services (India), SMFG India Credit Company, and Muthoot Vehicle & Asset Finance for non-compliance with certain norms.
In a statement, the RBI said the penalty has been imposed on the bank for non-compliance with certain directions issued by it on 'Interest Rate on Advances'.
Giving details, it said the statutory inspection for Supervisory Evaluation of the bank was conducted by it with reference to its financial position as of March 31, 2023.
Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to BNP Paribas, advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions.
After considering the bank's

RBI, Reserve Bank of India

He says AI provides a huge opportunity for Indian languages to expand their reach

Vishnu Vardhan, founder, SML Generative AI

Tenures across organisations often range from three to five years with the possibility of reappointment

Just how many self-regulatory organisations (SROs) are too many? Last week, the Reserve Bank of India (RBI) capped the number of such entities for non-banking financial companies (NBFCs) at “a maximum of two”. And to ensure the smaller NBFCs get a fa

Consumers are generally paying more while ordering food from online platforms and apps compared to eating at the same restaurant from which they order online

food delivery, online delivery

Cites lack of evidence to establish collusion, connivance with OPG Securities

Chitra Ramkrishna, Ravi Narain

Senior Congress leader P Chidambaram on Monday asserted that the Haryana Congress was not a divided house and would fight the October 5 state assembly elections unitedly.
Addressing the media here, the former union minister lashed out at the BJP government over several issues including agriculture, economy, and state debt.
He also said that the Congress will come out with its poll manifesto this week.
Polling for the 90 assembly seats in Haryana will be held on October 5 and votes will be counted on October 8.
On reports of infighting in the Haryana Congress, Chidambaram said, "I do not think Haryana PPCC is a divided house. There are leaders of high stature. Naturally, the leaders will ask for greater influence in the selection of candidates but once the candidates have been selected, I am sure that all of them will campaign together and win the election.
"There is no dissidence in the Congress party. There are several leaders in a state unit and we respect all of them. Naturally

P Chidambaram

With Modi 3.0 completing 100 days, the Congress on Monday claimed that Narendra Modi in his third term had proven to be a "weak" prime minister who was dependent on crutches and setting new records for U-turns.
Congress spokesperson Supriya Shrinate said the past 100 days had weighed heavily on the nation's farmers, youth, women, infrastructure, Railways, and overall peace.
These hundred days have proven that Modi has neither a solution nor a vision for the country's problems, she said at a press conference at the AICC headquarters.
Modi's "habit" of turning a blind eye to issues and running away from challenges continues to persist, she claimed.
"Each moment of the government in these 100 days has been marked by instability, indecision and immaturity. There have been multiple attempts to inflate a punctured balloon but the thorn pricked by the public in the Lok Sabha elections has not given Narendra Modi any chance to rise again," she said.
"Do you remember the tall claims made .

Supriya Shrinate, Supriya, Shrinate

Oriental Trimex, a processor and trader of natural stones, on Monday announced that the company will raise Rs 48.51 crore through rights issue.
The subscription to the rights issue will open on Thursday and conclude on September 27.
The company will issue up to 4.41 crore equity shares at price of Rs 11 per share (including a premium of Re 1 per share) on a rights basis to the eligible equity shareholders in the ratio of three equity shares for every two fully paid-up equity shares held by the eligible equity shareholders, Oriental Trimex said in a statement.
The company has fixed September 5, 2024 as the record date to decided the eligibility of shareholders, it added.
Proceeds from the issue will be used by OTL to repay its loans and working capital requirement. Also, funds will be used by the firm for setting up an additional machinery for marble block in Tamil Nadu and development of Jet-Black quarry granite in Odisha.
"With only a nominal interest amount remaining, which is .

Rs, Rupee, Indian Currency

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Haryana Cong not a divided house, will fight unitedly: Chidambaram

100 days of Modi 3.0: Cong slams PM as 'weak', says running 'U-turn' govt

Oriental Trimex to raise Rs 48.51 crore; rights issue opens Thursday

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Bajaj Housing Finance IPO doubles money on listing; book profit or hold?

New-look Chennai town to welcome Ford on its India comeback trail

This stock hit 14th straight upper circuit today; has soared 102% in 3 wks

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