Tata Technologies, a subsidiary of Tata Motors (TML), made an impressive market debut today, listing at a 140% premium to the issue price of ₹500. The stock opened at ₹1,200 on the NSE and ₹1199.95 on the BSE.
The stock ended the listing day at ₹1,327 on the NSE, a 165.4% premium to the IPO price of ₹500, and at ₹1,326.25 on the BSE, a 165.25% premium.
Read here: https://www.read.ht/RPo6
The stock ended the listing day at ₹1,327 on the NSE, a 165.4% premium to the IPO price of ₹500, and at ₹1,326.25 on the BSE, a 165.25% premium.
Read here: https://www.read.ht/RPo6
mint
Tata Tech closes 165% higher on market debut: A look at 5 stocks that beat the Tata Group stock at listing gains
The Tata Tech listing was the best listing of 2023 and also the best since November 2021. However, overall till date, some stocks have performed better than this Tata Group stock in listing gains.
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#MarketsWithMint | #Sensex and the #Nifty50 closed November with strong gains. This surge was fueled by an uplift in sentiment, driven by mounting anticipation of a peak in interest rates in the US, coupled with the continuing strength in India's economic growth prospects.
Sensex rose 4.9% while the Nifty 50 jumped 5.5% in November. This was Nifty's best month since July 2022. For the Sensex, it was the best month since October 2022.
Read here: https://www.read.ht/RPnC
Sensex rose 4.9% while the Nifty 50 jumped 5.5% in November. This was Nifty's best month since July 2022. For the Sensex, it was the best month since October 2022.
Read here: https://www.read.ht/RPnC
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#MintCharts | As countries brainstorm on ways to curtail greenhouse gases at #COP28, a look at which country was the largest GHG emitter last year. The answer is China. The middle kingdom, the US, India, Russia, Brazil and Saudi Arabia were among the top 10 emitters in 2022.
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#PersonalFinance | Limited dental insurance in India prompts reliance on personal savings or loans. Fraud risks limit comprehensive coverage, while dental chains benefit from zero-cost EMI options. Loans are recommended for urgent treatment needs amid cash crunch - writes Aprajita Sharma
Read more: https://www.read.ht/RQXD
Read more: https://www.read.ht/RQXD
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#PersonalFinance | Whether you are planning overseas travel or want to send money abroad, it is always a good idea to shop around for the best #forex exchange rate.
Here's a list of INR to USD forex rates offered by some of the major banks & travel aggregators.
Here's a list of INR to USD forex rates offered by some of the major banks & travel aggregators.
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Oil Marketing Companies (OMCs) increased the prices of commercial #LPG cylinders by ₹21 per cylinder in various locations throughout the country. The hike will come into effect from today i.e. 1 December.
However, price of domestic LPG - used in household kitchens for cooking purposes remained unchanged at ₹903 per 14.2-kg cylinder
Read more: https://www.read.ht/RQXJ
However, price of domestic LPG - used in household kitchens for cooking purposes remained unchanged at ₹903 per 14.2-kg cylinder
Read more: https://www.read.ht/RQXJ
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Manufacturing rises in November, input costs at 40-month low | #Nifty hits a new record, buoyed by Q2 growth | Auto demand steady in November
Read today's Mint e-paper here: https://epaper.livemint.com
Read today's Mint e-paper here: https://epaper.livemint.com
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#BestoftheWeek this week includes the Maldives president skipping India for his first foreign visit, increasing penalties levied on lenders by the #RBI, the battle to control #Religare and the passing of #CharlieMunger
(Nikhil Kanekal writes)
https://www.livemint.com/weekend/best-of-the-week-how-diplomatic-rows-threaten-economic-progress-among-other-things-11701446125689.html
(Nikhil Kanekal writes)
https://www.livemint.com/weekend/best-of-the-week-how-diplomatic-rows-threaten-economic-progress-among-other-things-11701446125689.html
mint
Mint's Best of the Week | How diplomatic rows threaten economic progress, among other things
BOTW this week includes the Maldives president skipping India for his first foreign visit, increasing penalties levied on lenders by the RBI, the battle to control Religare and the passing of Charlie Munger.
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Sensex hit its 11-week high, closing at the highest closing level since September 18, and logged its fifth straight weekly gain, along with Nifty 50.
https://www.livemint.com/market/stock-market-news/mcap-of-nine-most-valued-firms-up-rs-1-30-lakh-crore-airtel-tcs-among-biggest-gainers-11701589871257.html
https://www.livemint.com/market/stock-market-news/mcap-of-nine-most-valued-firms-up-rs-1-30-lakh-crore-airtel-tcs-among-biggest-gainers-11701589871257.html
mint
Mcap of nine most valued firms up ₹1.30 lakh crore; Bharti Airtel, TCS among biggest gainers
Sensex hit its 11-week high, closing at the highest closing level since September 18, and logged its fifth straight weekly gain, along with Nifty 50.
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The tech community around the world has celebrated the first birthday of ChatGPT. Aside from the OpenAI’ celebration, we also witnessed WhatsApp banning nearly 75 lakhs in India.
Here is weekly tech wrap up from this week:
https://www.livemint.com/technology/tech-news/weekly-tech-recap-chatgpts-1st-birthday-ios-update-17-1-2-more-11701600620593.html
Here is weekly tech wrap up from this week:
https://www.livemint.com/technology/tech-news/weekly-tech-recap-chatgpts-1st-birthday-ios-update-17-1-2-more-11701600620593.html
mint
Weekly Tech Recap: ChatGPT's 1st birthday, iOS update 17.1.2, more
WhatsApp bans nearly 7.5 million Indian accounts in October 2023. Moreover, CEO Sam Altman recently tweeted a reflection on the one-year anniversary of ChatGPT's launch.
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With the #BJP heading towards victory in three out of the four states that went to polls recently, the party will now be in power in 12 states on its own, while the Congress, the second largest national party, will come down to three after losing #Rajasthan and #Chhattisgarh.
The Aam Aadmi Party, with its government in Delhi and Punjab, is third among national parties. #ElectionResults #AssemblyElections2023
Read here: https://www.read.ht/RRpO
The Aam Aadmi Party, with its government in Delhi and Punjab, is third among national parties. #ElectionResults #AssemblyElections2023
Read here: https://www.read.ht/RRpO
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#MintCharts | Among the four states whose elections results were announced, #Telangana will have the lowest share of women in its Assembly at 7.6%.
Women’s share in #Rajasthan Assembly is set to dip below one-tenth. #Chhattisgarh on the other hand will have the highest share of women at 23%. #ElectionResults
Women’s share in #Rajasthan Assembly is set to dip below one-tenth. #Chhattisgarh on the other hand will have the highest share of women at 23%. #ElectionResults
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#ChartBeat | In FY23, the average room rate for hotels in India rose by nearly 39% year-on-year. Given the ongoing strong demand trends, Kotak Institutional Equities expects the growth rate to be 15% year-on-year in FY24.
True, foreign tourist arrivals have lagged pre-covid levels. But over the past two years, domestic demand has shouldered the burden, with rising spends on leisure and weddings.
True, foreign tourist arrivals have lagged pre-covid levels. But over the past two years, domestic demand has shouldered the burden, with rising spends on leisure and weddings.
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The Bharatiya Janata Party’s (#BJP) victory with a decisive majority in the three Hindi heartland states of #Rajasthan, #MadhyaPradesh and #Chhattisgarh has cemented views of a political continuity after #LoksabhaElection2024, which analysts believe could provide comfort to the Indian stock market and likely trigger a rally in the short term.
Read here: https://www.read.ht/RSTh
Read here: https://www.read.ht/RSTh
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#MintCharts | Sixteen votes: how's that for an election victory? That's the margin by which Asha Ram Netam of the Bharatiya Janata Party won the Kanker seat in Chhattisgarh. Two more seats were won by fewer than 100 votes. Here's a list.
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#PersonalFinance | Financial Planning Standards Board (FPSB) India aims to address the shortage of certified financial planners by focusing on developing abilities and employability - ✍ writes Aprajita Sharma
Read more: https://www.read.ht/RSbW
Read more: https://www.read.ht/RSbW
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#PersonalFinance | Building a portfolio is a complex exercise, & it has to be maintained too. One must keep in mind the volatility risk of the asset class, liquidity, lock-in rules & taxation.
Here's a look at how four commonly used asset types - equity, cash, gold & fixed income - have done in different periods.
Here's a look at how four commonly used asset types - equity, cash, gold & fixed income - have done in different periods.
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The hospital chain, #ApolloHospitals has been accused of being a part of an illegal organ trade involving impoverished Myanmar villagers, according to a news report.
https://www.livemint.com/news/india/apollo-hospitals-accused-of-illegal-organ-trade-it-s-big-business-hospital-chain-vehemently-denies-accusation-11701748093451.html
https://www.livemint.com/news/india/apollo-hospitals-accused-of-illegal-organ-trade-it-s-big-business-hospital-chain-vehemently-denies-accusation-11701748093451.html
mint
Apollo Hospitals accused of illegal organ trade: ‘It’s big business’. Hospital chain vehemently denies accusation
Apollo Hospitals has been accused of luring young people from Myanmar to sell their kidneys to wealthy Burmese patients.
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