committed Cargo Care IPO fully booked on day 1, retail portion sees good demand; check latest GMP, other key details
Committed Cargo Care IPO opens on Oct 6, closes on Oct 10. Price band set at ₹77.Committed Cargo IPO subscription status at 1.72 times on day 1 so far. Good response from retail investors. Key Points
mintExplainer | How U.S. President Joe Biden is pushing a switch to electric vehicles in the U.S.
The U.S. White House on Monday announced new commitments in the electric vehicles (EV) sector, in support of the country’s transition to cleaner energy Key Points
The Hindu'AAP committed to INDIA bloc, seat-sharing formula soon': Arvind Kejriwal
Arvind Kejriwal on Friday affirmed his commitment to the INDIA Opposition bloc and stated that the AAP will not separate from the alliance. He also expressed hopes for a soon-to-be-finalised seat-sharing formula. Key Points
India TodayVodafone Idea shares zoom 9% on fundraising plans; will the operator taste success?
Vodafone Idea has been struggling for a while to raise capital, which is of utmost significance given the high debt on books. Further, it needs heavy capital investments for network upgradation and rollout of 5G services to compete with rivals Airtel and RJio. On Thursday, AB Group Chairman Kumar Mangalam Birla said that the group remains committed and is making all efforts to rope in external investors. The stock had rallied following the comments. Key Points
Economic TimesNCLAT to hear IDBI Bank’s plea against Zee Ent in payment dispute case on Aug 31
The National Company Law Appellate Tribunal (NCLAT) on Thursday agreed to hear IDBI Banks plea against Zee Entertainment in payment dispute case on August 31, 2023. Earlier, on August 2, the hearing on bank's plea was deferred by the NCLAT till August 17. The private lender has challenged an NCLT order, which had on May 19 rejected its plea to initiate insolvency proceedings against the media major. Key Points
Economic Times
NCLAT defers hearing on IDBI Bank's plea against Zee Entertainment to Aug 17
The National Company Law Appellate Tribunal (NCLAT) on Wednesday deferred the hearing of IDBI bank's plea against Zee Entertainment till August 17. The private lender has challenged an NCLT order, which had on May 19 rejected its plea to initiate insolvency proceedings against the media major. Key Points
Economic TimesLieutenant governor Manoj Sinha virtually attends ‘Pratham Puja’ of Amarnath
The annual Amarnath pilgrimage will commence from July 1 and end on August 31. Lieutenant governor Manoj Sinha attended the "Pratham Puja" ceremony through video conferencing and prayed for the well-being of everyone. The J&K government is committed to ensuring the best possible arrangements for the comfort of pilgrims. Key Points
Hindustan TimesNCLT admits Tulip Hotels into insolvency
According to JC Flowers ARC's counsel Nausher Kohli, the hospitality company had defaulted payment under two guarantees in its capacity as a guarantor for repayment of two loans worth ₹450 crore disbursed by Yes Bank to Cox and Kings, and Ezeego One Travel & Tours each. Both the companies committed breach and default in repayment of debt. Key Points
Economic TimesWaiting for you: Navjot Singh Sidhu's wife diagnosed with cancer, pens emotional letter for jailed hubby
He is in the prison for a crime he has not committed. Forgive all those involved. Waiting for you each day outside probably suffering more than you. As usual trying to take your pain away, asked for sharing it. Happened to see a small growth, knew it was bad, Kaur wrote on Twitter Key Points
Economic TimesApple CEO meets PM Modi, commits to growth and investment
Apple Inc Chief Executive Officer Tim Cook on April 19 committed to growth and investment across India in meeting with the country’s Prime Minister, Narendra Modi, in New Delhi. Apple will also open a retail store in New Delhi on April 20. Key Points
The Hindu
Interim Budget 2024-25: Road transport and highways get 2.7% boost to Rs 2,78,000 crore allocation
The 2.7% hike in budgetary allocation for road transport and highways in the Interim Budget 2024-25 is committed towards ongoing projects. The government aims to attract private sector investment through new projects on build-operate-transfer (BOT) and public-private-partnership (PPP) mode. Key Points
Economic TimesTrinamool Congress approaches EC, complains against newspaper advertisements by Centre
The advertisement said the Centre had released Rs 5.36 lakh crore to West Bengal in the last five years and also committed to the development of the state. Key Points
Business TodayWar crimes committed by all parties in Israel-Hamas war: UN Rights chief
Hamas gunmen killed 1,200 people and captured 253 hostages in an attack on Israel on Oct. 7, according to Israeli tallies. | World News Key Points
Hindustan TimesOpposition bloc for & by 7 families: Amit Shah
Amit Shah criticized the I.N.D.I.A. bloc's alleged corruption and urged people to choose between PM Narendra Modi and the alliance. He accused Trinamool Congress, Sonia Gandhi, Rahul Gandhi, Lalu Yadav, Uddhav Thackeray, MK Stalin, and Mamta Banerjee of promoting their family members to top positions. Key Points
Economic Times'Fishing expedition' — Madras HC order staying ED summons to 5 district collectors in Tamil Nadu
ED issued summons as part of probe into sand quarries across state since September, on allegations of illegal sale of sand mined from riverbeds. Matter posted for 21 December. Key Points
ThePrintInvestors need not be jittery; PM Modi coming back with good majority: Nirmala
New Delhi, Nov 27 (PTI) Finance Minister Nirmala Sitharaman on Monday said that Prime Minister Narendra Modi will come back to power in 2024 with a “good majority” and global investors need not be “jittery”. She also said the government is committed to systemic reforms to accelerate the pace of growth. Participating in a debate […] Key Points
ThePrintSouth Africa refers Israel to ICC over Gaza attacks as pressure mounts to cut diplomatic ties
'We have put through a referral because we believe that war crimes are being committed there'. South Africa has filed a referral to the International Criminal Court for an investigation into alleged war crimes committed by Israel in Gaza, South African President Cyril Ramaphosa said. Key Points
The Tribune IndiaIndia, USA to coordinate with key West Asian partners to prevent conflict from spreading
The 2 + 2 Ministerial committed to continue coordinating with partners in the region on humanitarian assistance to meet the urgent needs of Palestinian civilians in Gaza. They expressed support for humanitarian pauses and committed to continue close diplomatic coordination, including with key partners in the region, to prevent the conflict from spreading, preserve stability in the Middle East, and work toward a political solution and durable peace. Key Points
Economic Times18-year-old student dies by suicide in Rajasthan's Kota, 22nd this year
A student in Rajasthan's Kota who have been preparing for the JEE Mains examination committed suicide on Tuesday night. This is the fourth suicide in August in Kota. Key Points
India TodayIndia's Vedanta CFO says confident of meeting debt maturities in FY24
India's Vedanta (VDAN.NS) is confident of meeting its debt maturities of $2.7 billion this fiscal year and committed to bringing down its debt, its CFO said on Monday. Key Points
Reuters
B'luru court declares Ramachandran Vishwanathan as 'Fugitive Economic Offender'
The matter pertains to the alleged offences committed under the Fugitive Economic Offenders Act, 2018 in the Devas Multimedia Pvt. Ltd. Case. | Bengaluru News Key Points
Hindustan TimesPentagon chief makes unannounced trip to Iraq as 20th invasion anniversary nears
U.S. Defense Secretary Lloyd Austin made an unannounced trip to Iraq on Tuesday, in a visit that an official said was aimed at showing that Washington was committed to keeping its military presence there nearly 20 years after the U.S.-led invasion toppled Saddam Hussein. | World News Key Points
Hindustan Times