On its debut in the stock market, Vishal Mega Mart's shares saw a premium of up to 43.5%, following strong demand for its IPO. With a stellar listing, experts predict the stock to see further gains in the long run, advising investors to hold onto it for potential 100% gains in the next 2-3 years. Prior to its listing, the company had raised Rs 2,400 crore from anchor investors, adding to the positive sentiment surrounding the stock. Keep an eye on all the latest stock market updates and news on Zeebiz.com.
The state of Bihar, known for its rich cultural heritage and historical significance, is now attracting attention as a top destination for investment opportunities. In recent news, it has been reported that the state has attracted over 3,800 industry proposals, amounting to a whopping Rs 36,000 crore in investments from 238 companies. This includes various sectors such as leather, manufacturing, technology, and more. The state's efforts to create a favorable business climate and its proactive approach to attract major companies like AVPL International and Sugs Lloyd have been recognized and appreciated, with Bihar winning the gold at India Trade Fair for its pavilion showcasing its potential as an emerging business hub.
As Myntra, a leading online shopping site in India, grapples with a massive fraud case amounting to Rs 50 crore, the Indian government is also making significant moves in the telecom industry. As Starlink, Airtel, Jio, and Amazon's Kuiper race to offer satellite internet services in India, the Union Communications Minister has announced that the distribution of satellite spectrum will not follow a “first come, first served” method. This development is likely to benefit Starlink and Amazon's Kuiper and hinder Airtel and Jio's plans. In other news, Indian online shopping site Myntra faces a major setback as they deal with a fraud scandal involving fake orders worth crores of rupees.
Google has announced extended software support for its Pixel 7 smartphone, promising five years of updates. This news comes as a surprise, as the company previously only offered three years of updates for their devices. The smartphone is now available at a discounted price of Rs 30,999 on Flipkart, with additional bank and exchange offers. With features such as a 50MP camera, Google Tensor G2 processor, and Android 13 pre-installed, the phone is a great option for those looking for a powerful camera-centric device under Rs 30,000.
Karnataka's Home Minister G Parameshwara revealed in a legislative council meeting that residents have lost a staggering Rs 109.01 crore in 2024 to "digital arrest" scams, with law enforcement agencies only recovering a small fraction of the amount. These scams involve impersonating law enforcement officials to extort large sums of money from victims. Despite arrests being made in connection to these cases, the minister's written reply showed that none of the accused in Bengaluru, where 480 cases were reported, have been apprehended yet. In response to the rising number of cases, awareness programmes and campaigns are being held to educate the public about these fraudulent tactics.
Tech enthusiasts, here's your chance to get your hands on the latest flagship smartphone - OnePlus 12 at a discounted price of under Rs 50,000 on Amazon. This top-notch Android phone boasts of a high-quality display, powerful processor, impressive cameras, and much more. With a combination of instant discount, bank offers, and exchange offers, you can grab the OnePlus 12 for as low as Rs 51,999. Don't miss out on this opportunity to upgrade your tech game!
In a stunning display of efficiency and progress, the Income Tax Department in India has recorded a surge of 46.31% in tax refunds, amounting to Rs 3.08 lakh crore in just 8 months. This marks a significant increase from the previous year's refunds of Rs 2.03 lakh crore during the same time period. The Central Board of Direct Taxes (CBDT) played a crucial role in this achievement, along with the implementation of a Demand Management Facilitation Centre and timely awareness campaigns for taxpayers. This surge in refunds not only showcases the capacity of the system but also the proactive engagement of taxpayers in adhering to filing deadlines.
RushLane, India's leading auto news website, brings you the latest updates on the 2023 Toyota Camry launch in India. Priced at Rs 48 lakh (Ex-sh), the new Camry boasts a new and improved design, updated interiors with advanced features and safety equipment. It also has a 2.5L petrol-hybrid powertrain with a total system output of 230 hp. Join RushLane's Facebook Groups and Whatsapp/Telegram channels to stay updated on the latest automotive news.
Adani Total Gas, a subsidiary of the Adani Group, saw a surge in their share price after securing USD 375 million in funding. However, this positive news was followed by reports of city gas prices expected to rise by Rs 2-3/kg due to lower APM gas prices. In the midst of this, the Adani Total Gas also announced a 6% increase in profits for the second quarter of the year. Despite the success of Adani Total Gas, other gas companies such as Indraprastha Gas and Mahanagar Gas saw a decline in their share prices due to cuts in gas supply.
Honda has unveiled the 2024 Amaze, its latest offering in the competitive sub-four-metre sedan market. Priced at Rs. 8 lakh for the base variant, the new Amaze features a redesigned exterior, a refreshed interior with advanced driver assistance, and a powerful 1.2-litre i-VTEC petrol engine. With tough competition from Maruti Suzuki Dzire, Hyundai Aura, and Tata Tigor, Honda aims to capture market share with its blend of updated design, advanced technology, and trusted performance in the sedan segment. Stay updated with the latest news and reviews on gadgets and tech by following us on Twitter, Facebook, and Google News and subscribing to our YouTube channel.