Prime Minister Narendra Modi released the 18th installment of PM Kisan Yojana during his visit to Maharashtra, with more than 9.4 crore farmers benefiting from over Rs 20,000 crore. This brings the total amount disbursed through the PM Kisan scheme to nearly Rs 32,000 crore for 1.20 crore farmers in Maharashtra alone. Additionally, the Prime Minister also announced the release of nearly Rs 2,000 crore for Maharashtra's farmers under the Namo Shetkari Mahasanman Nidhi Yojana. Farmers facing issues with the scheme can contact the PM Kisan helpline numbers for assistance, while staying updated on the latest business and stock market news on Zee Business's social media platforms and website.
Indian digital transformation company Newgen Software announced that it has received three separate orders, with a combined value of over Rs. 18.8 crore. These orders include a Letter of Intent for a 10-year project, a Letter of Award for a 5-year project in the USA, and a purchase order for a 29-month project in Saudi Arabia. Despite this positive news, the company's stock closed 5.35% lower on Monday.
Shares of leading NBFC Northern Arc Capital received a strong response from investors, with its IPO being oversubscribed 110.71 times on the closing day. The shares made a strong debut on the NSE and BSE, listing at a premium of 33% to the issue price. Zee Business Managing Editor Anil Singhvi advises investors to keep a stop loss of Rs 330, while also discussing the company's diversified business model and successful fundraising from anchor investors. Readers can stay updated on this and more business news through Zee Business's various platforms.
Title: KEC International Launches QIP at Floor Price of Rs 976.64 per Share KEC International Ltd, a global infrastructure EPC major, is in the news for launching a qualified institutional placement (QIP) of equity shares at a floor price of Rs 976.64 per share. The company may offer a discount of up to 5% on the floor price, with the final issue price to be determined in consultation with lead managers. This move has significantly boosted the company's shares, which ended 4.06% higher on Tuesday and have gained 62% in 2024. This development showcases KEC International's strong presence in the global market and its successful execution of infrastructure projects in over 30 countries.
Samsung is offering an unbeatable deal on their latest 5G smartphone, Galaxy A14, during Flipkart's Big Billion Days sale. With an effective price starting at just Rs 9,999, consumers can get their hands on this top-performing phone with a regular discount of Rs 6,500 and an instant discount of Rs 1,000. The phone boasts a powerful Exynos 1330 processor and a 50MP triple rear camera, along with features like 'Voice Focus' and customizable lock screens. Stay up-to-date with the latest business news and stock market updates through Zee Business's social media platforms and YouTube channel.
In a successful nine-day winning streak, shares of Reliance Power have surged 5% after the company announced plans to allot 46.20 crore equity shares worth Rs 1,524.60 crore through a preferential issue to its promoters and other entities. The issue price of Rs 33 is at a 14% discount, making the news even more exciting for investors. The company plans to use a large portion of the proceeds for expanding its renewable energy portfolio and other business opportunities, in addition to reducing their existing debt.
In the wake of a successful concall and a new deal with Nokia, Ericsson, and Samsung, Vodafone Idea's stock has received mixed reactions from global brokerages. Citi is optimistic, maintaining a buy call and a target price of Rs 17, while Nomura also remains bullish with a target of Rs 15. However, Macquarie advises caution, maintaining an underperform call and a target price of Rs 10. Despite the divide, the telecom company remains determined to increase tariffs, invest in network equipment, and find resolution to the AGR issue with the government. Stay updated on all the latest business news and stock market updates with our Income Tax Calculator and Personal Finance coverage. Follow us on Twitter, Facebook, and subscribe to our YouTube channel for live business breaking news.
In a surprise move, Apple has drastically reduced the price of its iPhone 15 Plus in India, bringing it down to less than Rs 75,000 ahead of the launch of the iPhone 16. This price drop comes after rumors have been circulating about the highly anticipated iPhone 16 and its speculated features. In related news, realme has also announced a new "Turbo" feature for their NARZO series, further heating up competition in the smartphone market. Don't miss out on these latest developments in the world of technology.
In a gesture of compassion, Punjab Chief Minister Bhagwant Mann met with the family of farmer Shubhkaran Singh and provided them with Rs 1 crore in compensation and a government job for his sister. In other news related to the state, a court in Delhi has taken cognisance of the Enforcement Directorate's chargesheet against Arvind Kejriwal and the Aam Aadmi Party, while seven underage children have gone missing in Derabassi. Threats have also been issued to BJP leaders Manjinder Sirsa, Tejinder Singh Saran, Parminder Brar, and Srinivasulu.
Premier Energies, a solar energy company, had a stellar debut on the stock market today with a 120% increase in stock price, doubling investors' money. The company's initial public offering received strong demand, and the stock opened at a price of Rs 990 on NSE, much higher than the issue price of Rs 450. Prominent business news sources had predicted a strong debut for the company, advising investors to apply for long-term gains and hold their positions with a stop loss. Premier Energies' business operations include manufacturing solar products, executing EPC projects, and providing other solar-related services.