Vijaya Diagnostic Centre IPO subscribed 30 pc on first day of offer

2021年12月21日 0 Comments

The initial public offer of Vijaya Diagnostic Centre was subscribed 30 per cent on the first day of subscription on Wednesday. The three-day IPO received bids for 74,79,864 shares against 2,50,26,646 shares on offer, according to an update on the NSE. The portion meant for Qualified Institutional Buyers(QIBs) was subscribed 23 per cent, while those for non-institutional investors 1 per cent and Retail Individual Investors(RIIs) 46 per cent. The initial public offer (IPO) is entirely an offer for sale of up to 3,56,88,064 equity shares. The offer is in a price range of Rs 522-531 per share. Healthcare chain Vijaya Diagnostic Centre on Tuesday said it has raised a little over Rs 566 crore from anchor investors. At the upper end of the price band, the initial share sale is expected to fetch about Rs 1,895 crore. Vijaya Diagnostic Centre offers a one-stop solution for pathology and radiology testing services to customers through its extensive network, which consists of 80 diagnostic centres and 11 reference laboratories across 13 cities and towns in the states of Telangana and Andhra Pradesh, and the National Capital Region and Kolkata. ICICI Securities, Edelweiss Financial Services and Kotak Mahindra Capital Company are the managers of the offer.

Gold Price today, 27 August 2021: MCX gold gains, analysts say ‘buy on dips’; resistance at Rs 47700

2021年11月2日 0 Comments

Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices were trading higher in India on Friday, even as global rates remained steady as investors awaited Fed chief Jerome Powells speech. On Multi Commodity Exchange, gold October futures were trading Rs 161 or 0.34 per cent up at Rs 47,398 per 10 gram, as against the previous close of Rs 47,237. Silver September futures were up Rs 175 or 0.28 per cent at Rs 62,898 per kg. In the previous session, silver futures ended at Rs 62,723. Globally, Spot gold rose 0.1 per cent to $1,793.68 per ounce. US gold futures rose 0.1% to $1,796.70. Bhavik Patel, Senior Technical Research Analyst, Tradebulls Securities Gold prices are in hibernation ahead of the Jackson Hole symposium. Another reason for prices being quiet is there are less news flow, little economic data and anticipation of what Fed chairman will say about tapering in Jackson Hole. US GDP data for the second quarter came higher than the previous reading but fell short of expected number which helped gold prices claw back near $1800. We believe any break above $1815 will only come after the conclusion of the Jackson Hole symposium. Gold will witness knee-jerk reaction and traders are advised not to carry any position overnight but focus on intraday trade. Buy on dips strategy is advisable today with support coming around 46900 and resistance at 47700. Ravindra Rao, CMT, EPAT, VP- Head Commodity Research, Kotak Securities COMEX gold trades marginally higher near $1800\/oz after a 0.2% gain yesterday. Gold trades higher supported by safe haven buying amid increasing tensions relating to Afghanistan following attacks at Kabul airport. Mixed economic data from major economies and rising virus cases has also lent support. However, weighing on gold price is recovery in US dollar amid some hawkish Fed comments, weaker investor interest and drop in China Gold may continue to trade firm amid risk aversion in the market and a fall may come only if Fed Chairman sounds too hawkish. Sandeep Matta, Founder, TRADEIT Investment Advisor Gold prices are seeing some bullish traction from the lower range of the range and trading above 50-DEMA. Market participants are expecting to get more clarity and insights on precious metal from the speech of Fed chairman at the Jackson Hole Economic Symposium. Increasing threats of delta variants are likely to negatively impact economic growth which may force Fed Reserve to take a step back and would be a bullish trigger point both for Gold and Silver. Gold on MCX is also closed mostly unchanged and awaiting more clarity on tapering timelines from the Fed meeting. The outlook for the gold is positive however we may see sharp moves in prices either side based on the outcome of the fed meeting. Key level for GOLD AUG Contract Ahead of todays US Fed Chairman Jerome Powells speech in the Jackson hole Symposium, gold may remain sideways, whereas MCX gold is having resistance at 47400-47600 and may witness selling pressure near to resistance levels and support can be seen at 47000. (The views in this story are expressed by the respective experts of the research and brokerage firm. Financial Express Online does not bear any responsibility for their advice. Please consult your investment advisor before investing.)

Bank Holidays September 2021: Banks to remain shut for up to 12 days in September; check list here

2021年10月5日 0 Comments

Bank Holidays in September 2021 in India: Banks in India will remain closed for up to 12 days in September 2021, including second and fourth Saturdays, and Sundays. Apart from six weekly offs, banks will remain shut in different states on account of different holidays. Banks in most states will observe a holiday on 10 September 2021, on account of Ganesh Chaturthi Since there are state-specific holidays for different occasions, banks will not be shut for all six days for all states in September 2021. Also, 11 Septembers leave overlaps with the second Saturday. The Reserve Bank of India has categorised holidays under three categories The list of holidays given below has been notified by RBI. Bank holidays in September 2021 08 September 2021: Tithi of Srimanta Sankardeva 09 September 2021: Teej (Haritalika) 10 September 2021: Ganesh Chaturthi\/Samvatsari (Chaturthi Paksha)\/Vinayakar Chathurthi\/Varasiddhi Vinayaka Vrata 11 September 2021: Ganesh Chaturthi (2nd day) 17 September 2021: Karma Puja 20 September 2021: Indrajatra 21 September 2021: Sree Narayana Guru Samadhi Day Only banks in Guwahati will observe a holiday on 8 September due to Tithi of Srimanta Sankardeva. Banks in Gangtok will remain closed on 9 September on account of Teej (Haritalika). Banks in most of the states will remain shut on 10 September 2021, except in Agartala, Aizawl, Bhopal, Chandigarh, Dehradun, Gangtok, Guwahati, Imphal, Jaipur, Jammu, Kanpur, Kochi, Kolkata, Lucknow, New Delhi, Patna, Raipur, Ranchi, Shillong, Shimla, Srinagar and Thiruvananthapuram. On 11 September, banks in Panaji will observe a holiday on account of Karma Puja. While only Ranchi will observe a bank holiday on 17 September. Only banks in Gangtok will remain shut on 20 September on account of Indrajatra. Only Kochi and Thiruvananthapuram will observe a bank holiday on 21 September 2021 due to Sree Narayana Guru Samadhi Day Weekend holidays in September 2021 05 September 2021 \u2013 Weekly off (Sunday) 11 September 2021 \u2013 Second Saturday 12 September 2021 \u2013 Weekly off (Sunday) 19 September 2021 \u2013 Weekly off (Sunday) 25 September 2021 \u2013 Fourth Saturday 26 September 2021 \u2013 Weekly off (Sunday)

Do’s and Don’ts while applying for a home loan online

2021年9月21日 0 Comments

Digital advances have made various financial transactions seamless – all one needs is a computer or a smartphone and an internet connection. This also goes for applying for any type of loan, including a home loan. The traditional offline route, in comparison, is time-consuming and also becomes inconvenient, as one is required to commute along with ones documents to the offices of the loan provider. Most home loan providers have now facilitated making the application for a home loan through their website. An applicant can register on the website of the lender, fill in the application and submit it along with his\/her documents in electronic form. The borrower will also be able to make the loan application payment online too. While applying for a home loan, one can visit the website of the home loan provider and use the home loan eligibility calculator to find out the loan amount one is eligible for. For first-time homebuyers, usually, there are various deals and offers that one can take advantage of. Additionally, due to low credit score, or income restraint or high debt-to-income ratio, or any other failure to meet the loan eligibility criteria, if one is denied the amount that he\/she needs to borrow, experts say, taking a joint loan could help. Be it with a family member or a close relative, taking a joint loan increases the eligibility to get that loan. Note that the loan approval process could also get easier, for a joint home loan with a co-applicant who has a better credit profile. It can boost the chances of the borrowers loan getting approved, at the same time one can also be eligible for a higher amount. By comparing loans from various lenders, not only will you be able to get the best interest rate but also keep the overall interest cost low till the end of the home loan tenure. Do Go through the list of documents required in advance. Research about the type of home loans available. The borrower should be clear about the type of loan needed – home loan, home improvement loan, home extension loan, plot loan, etc. A must for first-time borrowers – read the frequently asked questions (FAQs) before starting the loan application process. For any further queries, one could use the online chat facility to get direct help. All the details that are needed by the loan provider to process the application need to be provided truthfully. Don One should try to complete the loan application process in one go and not in stages. Take time and sit for the application. One needs to have all their document ready – do not leave out submitting important documents. A borrowers CIBIL score has an impact on their loan application. Hence, one should not ignore the CIBIL score while making the loan application.

Bank lending to small businesses sees positive growth in July; share in gross bank credit improves

2021年9月14日 0 Comments

Credit and Finance for MSMEs: Bank lending to the micro and small enterprise (MSE) sector, which is among the priority sectors in India, has shown a positive year-on-year (YoY) growth in July amid ease in Covid related restrictions for businesses after three months of negative YoY credit growth. Credit deployment by banks to MSEs in July posted a 0.2 per cent growth at Rs 10.99 lakh crore from Rs 10.96 lakh crore in July last year, showed Reserve Bank of India The credit growth had slipped into negative in April this year to minus 2.2 per cent after recording the lowest growth in credit deployment at 2.5 per cent in March this year amid the second wave of the pandemic. The growth had stood at minus 3.6 per cent in May and minus 3.5 per cent in June. Importantly, lending growth to MSEs in the current FY so far (from Rs 11.07 lakh crore deployed in March till July), though negative, improved to minus 0.7 per cent from minus 6.4 per cent in June. This (lending) will certainly go up from here in comparison to the pre-pandemic era. There is also relatively less worry about the third wave of business disruption as preparations are better this time than last year. During Covid, the entire supply chain was broken as businesses including large ones were operating in a limited capacity. Until large or mid businesses start in full swing, how can MSMEs supply to them? However, now it is picking up and hence lending will improve, Former MSME Secretary Dinesh Rai had launched the three-year-old association and is currently its Founder-Chairman. Subscribe to Financial Express SME newsletter now: From 64.7 per cent in May and 63.2 per cent in June, the YoY growth in July jumped to 70.9 per cent at Rs 2.09 lakh crore from Rs 1.22 lakh crore during the year-ago period. The July growth is highest in the current financial year after 70.8 per cent growth in April this year. The credit deployment growth in medium enterprises in the current financial year till July also posted a positive growth of 1.8 per cent in comparison to negative 8.7 per cent in June. The share of MSEs The share, which had witnessed a five-month decline before it improved to 9.55 per cent in June, grew further to 10.07 per cent in July. The gross bank credit in July stood at Rs 109.10 lakh crore, up from41 lakh crore in June. From 12.11 per cent in December 2020, MSEs09 per cent in January 2021, 11.8 per cent in February, 11.3 per cent in March, 9.7 per cent in April, and 9.48 per cent in May.6 per cent of the Rs 4.5 lakh crore loan limit was sanctioned. As of July 2, 2021, Rs 2.73 lakh crore in loans was sanctioned, of which Rs 2.14 lakh crore was disbursed by partner banks and NBFCs. Moreover, guarantees were issued for loans granted to around 1.09 crore MSMEs, MSME Minister Narayan Tatu Rane had said in a written reply to a question in the Rajya Sabha in July.

35 fresh COVID-19 cases in Delhi, no deaths

2021年9月7日 0 Comments

Delhi on Friday recorded 35 fresh COVID-19 cases with a positivity rate of 0.05 per cent, according to data shared by the city health department. No fresh deaths were recorded in the city, the data stated. This is the 22nd time since the start of the second wave of the pandemic that the national capital has not seen any deaths in a day. The second wave swept Delhi during April-May. On Thursday, Delhi had recorded 39 cases with a positivity rate of 0.06 per cent, according to official data. On Wednesday, 36 fresh cases were recorded with a positivity rate of 0.06 per cent. On Tuesday, the national capital had recorded 28 cases with a positivity rate of 0.05 per cent and one death.

Afghan situation raises new security questions: Rajnath Singh

2021年8月31日 0 Comments

The current happenings in Afghanistan have raised new security questions, Defence Minister Rajnath Singh said on Monday, adding that the government is alert and no anti-national force should be allowed to encourage terrorism from across the border by taking advantage of the situation. He also asserted the central government is capable of dealing with any situation. He was addressing virtually the third Balramji Dass Tandon Memorial Lecture organised by Panjab University on the issue of national security. What is happening in neighbouring Afghanistan is raising new questions in terms of security and our government is constantly monitoring the developments there, Singh said. Along with the security of Indians, he said, Our government also wants that anti-national forces do not encourage terrorism from across the border by taking advantage of the development there. We have some more concerns which can become challenges from the point of view of national security, he added. The Taliban took control of Afghanistan on August 15, capturing all major cities in a matter of days, two weeks before the US was set to complete its troop withdrawal after a vexatious two-decade war. Earlier this week, an Islamic State suicide attack outside the Kabul airport killed over 180 people. Singh said that the Narendra Modi government was alert and capable of dealing with any situation. We are always prepared to deal with threats arising from anywhere – air, water and land, he said. The defence minister laid stress on continuously upgrading and updating the national security system to face new challenges and said that some new threats have emerged because of the development of modern technology. He referred to the dropping of two bombs using drone at the Jammu air force station earlier this year. We have to continuously update and upgrade the national security system for new challenges, said Singh. He said the governments aim is to make the country prosperous, strong and secure. Such an India that does not scare anyone but develops a sense of security among small nations and that Indias growing power is not a threat to them, he said. Singh also said that there was a trust deficit between India and Pakistan and the country needed to be vigilant of this fact from the point of view of national security. Singh said Pakistan had understood that they would not make any gains from violations of ceasefire agreements. An agreement was signed between the Director General Military Operations (DGMO) of India and Pakistan to maintain ceasefire along the Line of Control in February this year, he said. We are also in wait and watch mode because the trust deficit between both the nations is a major problem, he said, adding that no ceasefire violation by the neighbouring nation has taken place ever since the agreement was signed. Pakistan understands that it is not in position to do much in Kashmir, especially after the nullification of Article 370, he said. He said Pakistan had suffered defeats in 1965 and 1971 wars and these defeats completely proved that it was not in a position to launch a full scale war against India. The minister said the inability to wage a direct war against India forced Pakistan to work on two policies – on the one hand, the neighbouring nation took steps towards finding an atomic way and on the other hand, it started working on the policy of giving death by thousand cuts to India. Pakistan had commenced a proxy war against India, allowing their land for providing training to terrorists, money and weapons to target India, he said, adding that after 1980s Pakistan had become the nursery of terrorism in the whole world. On Jammu and Kashmir, Singh said an effective action by Indian security forces to stop terrorism has been going on for the last seven years there. I believe that the remaining terrorism in Kashmir will also end. I have this belief because the strength and oxygen that the separatist forces used to get there due to Articles 370 and 35A are over now, said Singh. He said the Modi government neither does politics nor allows it to happen on issues related to national security, and added that a free hand has been given to the security forces in performing their duties. How high the confidence and morale of the army and security forces can be guessed from the fact that in the last seven years, they have not allowed a single major terrorist incident in the hinterland of India, he said. India is not only taking action against terrorism within the borders of the country, the brave soldiers of our army have done the work of destroying terrorist hideouts by crossing the border if needed, he said, referring to the surgical strike after the Uri terror attack and the Balakot air strikes after the Pulwama attack. Today we can say that Pakistan-supported model of terrorism is getting demolished in India, he said.

Pakistan to deliver WHO medical supplies in Taliban-controlled Mazar-e-Sharif in Afghanistan

2021年6月8日 0 Comments

Pakistan said on Monday that it would deliver WHO medical supplies to northern Afghanistans Mazar-e-Sharif, the fourth largest city of the country which fell to the Taliban on August 14. Pakistans Ambassador to Afghanistan Mansoor Ahmad Khan announced on Twitter that the countrys flag carrier Pakistan International Airlines (PIA) would deliver the medical supplies of the World Health Organisation (WHO) in a cargo flight. First PIA Cargo flight with WHO medical supplies from Islamabad to Mazar Sharif today. A humanitarian air bridge for essential supplies to Afghanistan in coordination with international agencies. Thanx PIA, he said in a tweet. However, it was not immediately known when the flight would touch down in Afghanistan. The countrys fourth largest city Mazar-e-Sharif, the capital of Balkh province, fell to the Taliban on August 14. The Taliban seized power in Afghanistan on August 15, two weeks before the US was set to complete its troop withdrawal after a costly two-decade war. This forced Afghan President Ashraf Ghani to flee the country to the UAE. The Taliban insurgents have stormed across Afghanistan, capturing all major cities in a matter of days, as Afghan security forces trained and equipped by the US and its allies melted away. Thousands of Afghan nationals and foreigners are fleeing the country to escape the new Taliban regime and to seek asylum in different nations, including the US and many European nations, resulting in total chaos at Kabul airport and deaths.

Covid-19: DCGI gives nod to phase 2/3 trials of India’s first mRNA vaccine

2021年4月6日 0 Comments

The Director Controller General of India (DCGI) has found the nation The Pune-based biotechnology submitted interim clinical data from the Phase I study to the National Regulatory Authority and the Central Drugs Standard Control Organisation (CDSCO). Gennova Biopharmaceuticals CEO Dr. Sanjay Singh told He added that the safety data was good enough and the company had received approval for phase 2\/3 trials, which are likely to begin in two weeks. The interim Phase I trial data was reviewed by the vaccine Subject Expert Committee, which found the HGCO19 (Covid-19 vaccine) to be safe, immunogenic, and tolerable in the participants. The Phase II trial will be conducted at 10-15 sites, while the Phase III study will take place across 22-27 sites. Gennova Biopharmaceuticals plans to use the clinical trial network sites of the Indian Council of Medical Research (ICMR) Dr. Singh said the company hoped to enrol 4,400 volunteers. The vaccine development was funded by the DBT and the Centre The programme received further support from the DBT as part of its Mission Covid Suraksha Dr. Singh said the company aimed to roll out the vaccine by the year-end. Initially, the vaccine would be limited to adults. The company is also scaling up manufacturing capacity to meet India DBT Secretary and BIRAC Chairperson Dr. Renu Swarup said it was a matter of pride that India She expressed confidence that it would become an important vaccine, not just for India but the world. She said it was a significant milestone in the country

India pips US to rank 2nd in list of most attractive manufacturing hub globally; China 1st

2021年4月6日 0 Comments

India has overtaken the United States (US) to become the second-most sought-after manufacturing destination globally, driven mainly by cost competitiveness, according to real estate consultant Cushman Wakefield. China remains at number one position, the consultant said in its 2021 Global Manufacturing Risk Index, which assessed the most advantageous locations for global manufacturing among 47 countries in Europe, the Americas and Asia-Pacific (APAC). India takes the second spot after China as the most sought-after manufacturing destination globally, Cushman and Wakefield said in a statement. The US is at third position, followed by Canada, Czech Republic, Indonesia, Lithuania, Thailand, Malaysia and Poland. In the last years report, the US was at second position while India ranked third. The consultant said that this indicates the growing interest shown by manufacturers in India as a preferred manufacturing hub over other countries, including the US and those in the APAC region. The growing focus on India can be attributed to Indias operating conditions and cost competitiveness. Also, the countrys proven success in meeting outsourcing requirements has led to the increase in the ranking year-on-year, the statement said. The rankings in the report are determined based on four key parameters, including the countrys capability to restart manufacturing, business environment (availability of talent\/labour, access to markets), operating costs, and the risks (political, economic and environmental). The baseline ranking for top manufacturing destinations is determined on the basis of a countrys operating conditions and cost effectiveness. This year, India and the US switched places (second and third) taking India one rank above from the rankings released last year, when India stood at the third place. This switch in ranking is attributed to the plant relocations from China to other parts of Asia due to an already established base in pharma, chemicals and engineering sectors, that continue to be at the centre of the US-China trade tensions, it said. As far as the cost scenario ranking goes, India continued to retain the third spot like last year, while Vietnam is pushed to the fourth position from the third. Despite being among the top-three countries in the baseline and cost scenario rankings, there is a long road for India to traverse when it comes to areas like managing the geopolitical risks involved in running business and its ability to restart its manufacturing business after a devastating second wave of the COVID-19 virus, Cushman said.