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

Here is the best of Business Standard's opinion pieces for today

nbfc loan rbi

Finance Minister Nirmala Sitharaman on Monday called for concrete action on climate funding and transfer of technology at the upcoming global climate summit, saying that India will be pushing forward to showcase what it has achieved with its own funds.
The 28th round of the annual UN climate talks to be held from Nov 03 to December 12 in the UAE and is anticipated to involve intense negotiations on compensation from rich countries to developing ones for climate impacts, fossil fuel usage, methane emissions, and financial aid for reducing planet-warming emissions and adapting to climate change.
Speaking during a virtual session at the inaugural event of India Global Forum Middle East and Africa 2023 (IGF ME&A), Sitharaman said that cOP 28 should show the direction to countries.
"There is a need for concrete action on climate funding and transfer of technology at the upcoming global climate summit," she said.
She said that India will certainly be pushing forward to showcase what it .

Finance Minister Nirmala Sitharaman

Press Trust of India

President Joe Biden opened the first meeting of his supply chain resilience council by warning companies against price gouging and saying that his administration was working to lower costs for US families.
"We know that prices are still too high for too many things, that times are still too tough for too many families," Biden said on Monday. "But we've made progress."
The president has blamed inflation on issues such as supply chains and Russia's 2022 invasion of Ukraine, while Republican lawmakers say the run-up in prices was triggered by the USD 1.9 trillion in coronavirus relief that Democrat Biden signed into law in 2021.
Biden used the council meeting to announce 30 actions to improve access to medicine and needed economic data as well as other programmes tied to the production and shipment of goods.
He said he was tackling "junk fees", hidden charges that companies sneak into bills just because they can and customers have no alternative.
The council follows an earlier task f

Joe Biden

Russian President Vladimir Putin on Monday signed a national budget for the next three years that increases spending by around 25 per cent and reportedly devotes a record amount to defense as the the country's military operation in Ukraine drags on.
The budget foresees spending in 2024 of 36.6 trillion rubles ( USD 415 billion) with an expected deficit of 1.595 trillion rubles (USD 9.5 billion).
After the budget was passed by the lower house of the parliament, Speaker Vyacheslav Volodin said it was developed specifically to fund the military and to mitigate the impact of international sanctions imposed after Russia sent troops into Ukraine in February 2022.
Record low unemployment, higher wages and targeted social spending should help the Kremlin ride out the domestic impact of pivoting the economy toward the military, but could pose a problem in the long term, analysts say.
Part of the Russian budget is secret as the Kremlin tries to conceal its military plans and sidestep scrutin

Russian President Vladimir Putin

Have a Google account you haven't used in a while? If you want to keep it from disappearing, you should sign in before the end of the week.
Under Google's updated inactive account policy, which the tech giant announced back in May, accounts that haven't been used in at least two years could be deleted. Accounts deemed inactive could be erased beginning Friday.
If you have an account that's deemed inactive and at risk for deletion, you should receive notices from Google sent to the email affiliated with that account and its recovery address (if one exits). But if you're still catching up on this new policy  and want to ensure that your content on Google Drive, Docs, Gmail and more is saved  here's what you need to know.
WHY IS GOOGLE DELETING INACTIVE ACCOUNTS
In May's announcement, Google credited its inactive account update to security issues.
Accounts that haven't been used for a long time are more likely to be compromised, the company said  noting that forgotten or unattended .

google, play store

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

Delhi Health Minister Saurabh Bharadwaj on Thursday said multiplex PCR tests will be started at two government hospitals to detect any new pathogens and asserted that there was no need to panic, amid a surge in respiratory illness in children in northern China.
Bharadwaj held a meeting earlier in the day to review the preparedness of hospitals and also directed that an anti-viral drug for children that is administered in such cases should be procured.
Talking to PTI Video, he said, "Following the Centre's advisory, we held a meeting with the Delhi government experts, including pulmonologists, pediatric pulmonologists who have been seeing the situation. Till now no new pathogens have been detected. But as a precautionary measure, pediatric departments have been directed to run broad spectrum tests on children admitted with symptoms to detect any new pathogens."
Later in a post on X, he said that multiplex PCR tests will be started in Rajiv Gandhi Super Speciality Hospital and Chacha 

AAP spokesperson Saurabh Bharadwaj talking to media after filing his nomination from Greater Kailash constituency. Photo: ANI

AAP, Saurabh Bharadwaj

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

Passengers onboard an Air India flight from Gatwick to Amritsar faced water leakage inside the aircraft last week and the airline has expressed regret over the incident.
A short video of water leaking from the overhead area of the Air India aircraft was posted on social media.
In a statement on Thursday, an Air India spokesperson said flight AI169 operating from Gatwick to Amritsar on November 24 had developed a rare occurrence of condensation adjustment inside the cabin.
Gatwick airport is in the UK.
"Some of our guests seated in the affected rows were promptly relocated to other vacant seats and given the circumstances the cabin crew made every effort to make the guests comfortable. Air India is committed to the safety and comfort of guests on board and we regret this unexpected incident," the spokesperson said.
Sharing the video on social media platform X, a user said, "fly with us -- it's not a trip -- it's an immersive experience".

Air India

PM Modi will address the opening session of the World Climate Action Summit in the United Arab Emirates and participate in the three high-level side events, of which two will be co-hosted by India

modi,cop28

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

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China illness surge: Multiplex PCR tests to begin at 2 Delhi govt hospitals

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

Air India passengers onboard flight face water leakage inside cabin

COP28: PM Modi emplanes for his visit to UAE for UN climate talks

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

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