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Venus Pipes and Tubes lists at 3% premium on BSE

Updated at : 2022-05-24 10:25:03

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The Rs 165.42 crore initial public offering (IPO) of Venue Pipes & Tubes was open for subscription between May 11-13 as the company sold its share in the price range of Rs 310-326 apiece.

Delhivery shares list at 2% premium over IPO price

Updated at : 2022-05-24 10:25:03

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On the BSE, the counter was listed at a premium of just 1 per cent or Rs 493, compared to the mentioned issue price.

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The industry, including Vi, did not lose active users in the March quarter even after 20-25% tariff hikes in November-December last year. This, analysts said, underlined that the market is ready to take another hike in its stride as telecom tariffs in India remain amongst the lowest globally.

IRCTC pauses insurers' services

Updated at : 2022-05-24 09:25:02

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​​​The vulnerability was discovered by researchers Avinash Jain and Aseem Shrey. According to Jain, the vulnerability called IDOR (insecure direct object reference) allowed anyone to extract passenger information for insurance payout.

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Out of the nine issues since April, the HNI portion was not fully subscribed in three issues such as Paradeep Phosphates, Delhivery, and Prudent Corporate Advisory.

Asian stocks restrained as US futures retreat

Updated at : 2022-05-24 09:25:02

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Asian shares got off to a sluggish start on Tuesday after a rally on Wall Street was soured by an early slide in U.S. stock futures, while the euro was near one-month highs as odds narrowed on a July rate rise by the ECB. After ending Monday firmer, Nasdaq futures lost 1.3% with traders blaming an earnings warning from Snap which saw shares in the Snapchat owner tumble 28%.

Adani Ports, Grasim Industries, Minda Industries, IPCA Labs, Bayer CropScience, The Phoenix Mills, Bank of India and Metropolis Healthcare are among companies which will announce their quarterly earnings today.

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Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1763826.98 Crore) operating in Diversified sector.

On an average, a two-wheeler, a passenger car and a heavy commercial vehicle comprise of about 110, 800 and 3,000 kg of steel. Every 10% drop in steel prices potentially expands automakers’ margins by 60-200 basis points. The trend of softening steel prices may continue with the Union Government’s decision to impose 15% export duty on iron ore and steel.

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Electronics makers, however, said there are no signs of inflation ebbing in their segment, and demand for entry-level products will remain under pressure over next few quarters.

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