In keeping with the pattern shown during its last share dilution in FY21, ICICI Securities anticipates Jio Platforms Ltd. (JPL) to make its debut at premium valuations above listed peers. JPL raised financing with a valuation of $65–70 billion at that time, already commanding a premium to Bharti India at 14–14.7 times FY22 one-year forward…
Some of the major benefits that the government highlighted on Saturday were attributed to the GST 2.0 reforms that were implemented on September 22. These included a sharp increase in sales, particularly of electronics and consumer goods; lower prices for essential everyday items; and an overall push to consumption that may even show up in…
In just one Australian match, a well-known query has come up. “What keeps Kuldeep Yadav out of the starting lineup?” The situation in Australia is similar to that in England, when he was consistently passed over for a berth in the starting lineup by all-rounders. It may seem like a step backwards for India to…
The development of a new cancer care facility at Tata Memorial Centre’s Advanced Centre for Treatment, Research & Education in Cancer in Navi Mumbai has begun, according to a statement released by ICICI Bank and TMC. The facility, which will be one of India’s largest radiation therapy centers and be furnished with state-of-the-art cancer treatment…
The 134th Raising Day Parade of the Manipur Police was held today at the 1st Battalion Manipur Rifles Parade Ground in Imphal, with Governor Ajay Kumar Bhalla gracing the occasion as the chief guest. The event celebrated the courage, discipline, and dedication of the state’s police personnel, highlighting their exemplary service to the community. Governor…
Faustino Oro is amazingly unconcerned with the burdens and expectations that accompany being too talented too early in his profession, especially for a child banging on the doors of history. Oro is only two norms away from becoming the youngest grandmaster in history, a title currently held by Indian-origin prodigy Abhimanyu Mishra, after completing his…
In a significant political statement amid continuing uncertainty in Manipur, Bharatiya Janata Party (BJP) MLA Th Shyamkumar has claimed that a new popular government will be formed in the state after November 15, with the Chief Minister to be chosen by the central leadership of the party. Addressing the media on Thursday, the Andro constituency…
In a spectacular stock market debut, shares of LG Electronics India Ltd., a maker of consumer electronics and home appliances, were listed at a 50% premium to the IPO issue price. In comparison to the upper band of the IPO’s price range of Rs 1,140 per share, the stock started at Rs 1,715 per share…
In a significant crackdown on drug trafficking, Kangpokpi Police seized 225 soap cases containing nearly 10 kilograms of suspected brown sugar during a carefully coordinated operation on Tuesday. The seizure, weighing 9.844 kg including packaging, resulted in the arrest of three individuals allegedly involved in the illegal trade. The operation was launched following specific intelligence…
Post Office Savings Bank (POSB) and Employees’ Provident Fund Organization (EPFO), two state-owned organizations vital to India’s social safety net, may fall under the purview of the Reserve Bank of India. The government has written separately to the nation’s top banking regulator, requesting a supervisory intervention in both. Regarding the Department of Posts, the letter…
