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

Whisky consumption in India is set to reach 289.49 million cases by 2027-28, according to a Research and Markets report

Vikram Nikam

Union health ministry advised states to immediately review preparedness

india health

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

An Indian national was on Wednesday charged here by federal prosecutors in connection with his participation in a foiled plot to assassinate a Sikh separatist on American soil.
Nikhil Gupta, 52, has been charged with murder-for-hire, which carries a maximum sentence of 10 years in prison, and conspiracy to commit murder-for-hire, which carries a maximum sentence of 10 years in prison, US Attorney for the Southern District of New York Matthew G. Olsen said.
US authorities said Gupta agreed to pay an assassin USD 100,000 to kill the Sikh separatist leader living in New York City.
"On or about June 9, 2023, CC-1 and GUPTA arranged for an associate to deliver USD 15,000 in cash to the UC in Manhattan, New York, as an advance payment for the murder," according to the charges.
The indictment has not named the US citizen but The Financial Times, citing unnamed sources, last week reported that US authorities thwarted a plot to assassinate banned Sikhs for Justice's Gurpatwant Singh Pannun,

pannun, Gurpatwant Singh Pannun

Press Trust of India

State-owned LIC, promoter of IDBI Bank, has said it plans to retain a part of its stake in the lender to harness the benefits of the bancassurance.
Along with the government, Life Insurance Corporation (LIC) will also divest its stake in IDBI Bank but may not exit completely, LIC Chairman Siddhartha Mohanty told PTI in an interview.
"We have made it clear that IDBI Bank is our number one partner in bancassurance. We will retain the some stake in IDBI Bank so that the bancassurance partnership continues," he said.
The government, which owns over 45 per cent stake in IDBI Bank, and life insurance behemoth LIC, with a 49.24 per cent shareholding in the lender, have jointly decided to sell a 60.7 per cent stake.
IDBI Bank became a subsidiary of LIC with effect from January 21, 2019, after the acquisition of an additional 82,75,90,885 equity shares.
On December 19, 2020, IDBI Bank was reclassified as an associate company due to the reduction of LIC shareholding to 49.24 per cent, follo

LIC, Life Insurance Corporation

The wedding season is likely to boost business to the tune of more than Rs 6,600 crore

Wedding season, weddings, wedding attire

The bank forecast earnings for companies in the benchmark index to rise 10% after factoring in a "mild short" recession and a 19% increase if US gross domestic product grows by 2%

Deutsche Bank

Reuters

Politics is becoming part of first-date conversations, and even a dealbreaker

couple, dating, tinder, coffee

With China witnessing repeated outbreaks of respiratory ailments, India can position itself as a global manufacturing hub by enhancing its supply chain capabilities and investing in healthcare infrastructure, think tank GTRI said in a report.
India can leverage its workforce and manufacturing potential in sectors like mobile phones and laptops, the Global Trade Research Initiative (GTRI) said.
According to the report, China has experienced several outbreaks due to close human-animal contact, including COVID-19 (2019), H7N9 bird flu (2013), H5N6 bird flu (2014), and H10N3 bird flu (2021).
While these outbreaks had varying impacts, COVID-19 notably escalated into a global pandemic.
These outbreaks, especially COVID-19, have prompted a reevaluation of global supply chains and reliance on China for manufacturing. Businesses are considering alternatives like reshoring or diversifying supply sources to mitigate risks.
"India is positioned to benefit from this trend by enhancing its supp

electronic manufacturing

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

Currently, numerous individuals across villages in the state are squarely dependent on external sources of water, such as tankers, to quench their drinking water needs

drought

BCCI faces a set of crucial decisions ahead that could set the pace for the future

India cricket team

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

The news comes as Hon Hai, also known as Foxconn, and other Taiwanese electronics manufacturers continue to diversify their businesses outside of China

Hon Hai Precision

Whirlpool of India reported a 23.7% drop in second-quarter profit earlier this month, as the home appliances maker grappled with weak demand amid stiff competition

Whirlpool

There are many latest smartphone devices set to debut in India in December 2023. If you are planning to buy a new device, here are the smartphones that you can consider

Photo: Shutterstock

BS Rich Content

Vicky Kaushal plays India's first field marshal, Sam Manekshaw in the latest biopic directed by Meghna Gulzar. The movie is all set to release on December 1, 2023

Sam Bahadur 2023

The Election Commission cracked its whip on several occasions to ensure a level playing field for all parties in the five states where assembly polls are being held even as authorities seized freebies, drugs, cash and liquor worth over Rs 1766 crore aimed at alluring voters.
Acting on complaints and inputs by the local poll machinery, the EC issued show cause notices and advisories to top politicians to adhere to the provisions of the model code.
It withdrew permission given to the Telangana government for disbursements of financial aid to farmers for rabi crops under the Rythu Bandhu Scheme after a state minister violated the provisions of the model code by making a public announcement about it.
The poll panel had given its nod to the state government to disburse the rabi installment during the model code of conduct period on certain grounds.
It had also asked the government not to carry out the proposed Viksit Bharat Sankalp Yatra, its mega outreach programme on schemes and ...

Election Commission

The smartphone is expected to get a 50-megapixel primary sensor and a 16-megapixel selfie shooter

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Whirlpool plans to sell 24% ownership in India business to reduce debt

Upcoming smartphones in India: From OnePlus to Redmi smartphones to buy

Sam Bahadur 2023: All you need to know about India's first field marshal

Assembly polls: EC seizes drugs, cash, and liquor worth over Rs 1,760 crore

Nothing might bring 'A-series' smartphone lineup for mid-range segment

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Tata Tech lists at 140% premium; Should you buy, sell or hold the stock?

Raising the bar: How Indian whisky brands are making a splash in West

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Tata Technologies to boost India's hot IPO market on trading debut

US charges Indian national in plot to kill Sikh separatist in New York

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