Shares of Rakesh Jhunjhunwala-owned Titan Company rose as much as 3.48 per cent to hit record high of Rs 2,687 on the BSE.
Metro Brands IPO was open for subscription between December 10 to December 14. Proceeds of the fresh issue will be used towards expenditure for opening new stores.
In an interview to Moneycontrol, ace investor Rakesh Jhunjhunwala said that the health insurance industry is in its nascent stages and could grow 15-20 per cent in the next 15 years.
Metro Brands has allotted 82.05 lakh equity shares to anchor investors at Rs 500 apiece, taking the total transaction size to Rs 410.25 crore, according to a BSE circular.
The initial public offering (IPO) will open for public subscription on December 10 and conclude on December 14. The bidding for anchor investors will open on December 9.
The public offer includes a reservation of shares worth Rs 100 crore for employees. At the upper end of the price band, the initial share-sale is expected to fetch Rs 7,249.18 crore.
The IPO comprises a fresh issue of equity shares worth Rs 2,000 crore and an offer-for-sale of up to 58,324,225 equity shares by promoters and existing shareholders.
Akasa Air had placed an order for 72 Boeing 737 MAX aircraft on Tuesday. The agreement valued at approx $4.5 billion (approx Rs 33,420 crore) also includes spare engines and long-term service agreements.
The Ministry of Civil Aviation had given a no-objection certificate to Akasa Air for operating in India, last month.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
He would take his colour, brushes and canvas outside to paint and talk with his love. He would stand close to the window and paint, keeping an eye on his muse.
They say the violin mimics the human sound. In his case, it was that of love, of longing. He didn’t know any other way of loving.
Younger people do not have much progressive beliefs; a 2017 survey found that one-third of young people opposed inter-caste marriage.
The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.
Even after two years of the Covid-19 pandemic, many 'informed' individuals in India continue to deny the virus with unscientific claims and unfounded data. The latest? Omicron will end the pandemic.
Across Asia there are deeply entrenched obstacles to a mode of higher education that is liberal in multiple senses – disciplinary and epistemological but also social and political.
The two incidents in the recent past, one in Mon district of Nagaland and the other at Lakhimpur Kheri in Uttar Pradesh, undermined the core principles democracy and federalism.