Finance - The Purbottar

10 Oct

Tata Capital IPO allotment status finalised!

Purbalee DuttaFinance

The highly anticipated initial public offering (IPO) of Tata Capital Ltd, a Tata Sons subsidiary, attracted fair interest from investors. The subscription window was open from October 6 to 8, and the IPO allotment was finalized on October 9. Tata Capital shares are set to list on October 13 on both the BSE and NSE. With the allotment completed, equity shares will be credited to successful bidders’ demat accounts, while refunds for unsuccessful applicants will be processed on October 10. Investors can check the allotment status via the BSE, NSE, or the IPO registrar’s website—MUFG Intime India Pvt. Ltd. As…

16 Aug

Mahindra BE 6 Batman Edition Looks All Sinister

Purbalee DuttaFinance

Mahindra & Mahindra has teamed up with Warner Bros., the studio behind DC Comics films, to unveil a special edition of its first electric SUV—the BE 6 Dark (Batman Edition). This limited-edition model stands out from other “dark” variants with design elements inspired by the iconic Batman films and comics. Priced at ₹27.79 lakh, the BE 6 Batman Edition is limited to just 300 units. Bookings open on August 23, with deliveries beginning September 20 to mark Batman Day. The SUV features a satin black exterior, Batman-themed decals, and Dark Knight badging on various parts including the fender, bumper, and…

13 Aug

BSE SME Stock Leo Dryfruits Rises 45% Against IPO Price

Purbalee DuttaFinance

Shares of BSE SME-listed Leo Dryfruits have jumped 45% since their IPO, currently trading at ₹75.40 compared to the issue price of ₹52. Listed in January 2025, the stock has steadily attracted investor interest on the back of strong business progress and market performance. The ₹25.12 crore IPO involved the issue of 48.30 lakh fresh equity shares and saw an enthusiastic response from all investor categories, making it a successful debut on the SME platform. IPO Details and Stock Movement:Held between January 1–3, 2025, with a price range of ₹51–52, the IPO was subscribed a massive 181.77 times overall. Non-institutional…

04 Aug

Axis Bank Devalues Dining Delights With EazyDiner: New Terms Effective From August 1

Purbalee DuttaFinance

One of the often-overlooked perks of Axis Bank credit cards is the exclusive discounts through EazyDiner, available across all card variants. While discount rates vary from basic to premium cards, there’s something for every cardholder. Premium cards traditionally offered extra benefits like enhanced birthday discounts, Postcard Hotels vouchers, and complimentary EazyDiner memberships. Recently, Axis Bank revamped its Dining Delights program with EazyDiner, removing some discontinued cards and simplifying the structure. Notably, the Axis Magnus Credit Card has lost its premium status. It no longer qualifies for the high-net-worth individual (HNI) discount tier or birthday offers. Similarly, the Axis Bank Miles…

05 Jan

HDFC Bank collaborates with Microsoft as part of its digital transformation

Business Correspondent0 CommentsFinance

HDFC Bank, India’s largest private sector bank, is partnering with Microsoft in the coming phase of its digital metamorphosis trip and unleashing business value by transubstantiating the operation portfolio, contemporizing the data geography and securing the enterprise with Microsoft Cloud. HDFC Bank as a part of its unborn Ready strategy is developing in house IPs as well as partnering with several companies including FinTechs ’ to co- produce technology IPs. HDFC Bank as a part of its unborn Ready strategy is developing in house IPs as well as partnering with several companies including FinTechs ’ to co- produce technology IPs.…

03 Jan

SBI Card And Punjab & Sind Bank Join Hands To Launch Co-Branded Credit Cards

editor0 CommentsFinance

Public sector bank Punjab and Sind Bank (PSB) has partnered with SBI Card to launch co-brand credit cards for the bank’s customers. PSB has additionally entered the mastercard market as a brand new product section in its portfolio as a results of this collaboration. 3 card variants—the PSB SBI Card ELITE, PSB SBI Card PRIME, and PSB SimplySAVE SBI Card—have been launched by each partners. This collaboration additionally marks the entry of PSB into ‘credit cards’ as a brand new product section beneath the bank’s portfolio.The connection value for the PSB SBI Card ELITE is Rs 4,999 and taxes, the…

31 Dec

India’s April-November Fiscal Deficit Widens on-year to 58.9% of FY23 Aim

editor0 CommentsFinance

The government’s commercial enterprise deficit in end-November touched fifty nine per cent of the complete year Budget Estimate on enlarged cost and slow growth in non-tax revenue. In actual terms, the commercial enterprise deficit, that is that the distinction between expenditure and revenue, was Rs 9.78 lakh throughout the April-November amount of 2022-23. within the corresponding amount last year, the deficit was 46.2 per cent of the Budget Estimates of a pair of 21-22.The government has budgeted commercial enterprise deficit to be Rs 16.61 lakh or 6.4 per cent of the gross domestic product within the current year ending March…

29 Dec

Uttarakhand CM Launched SBI Foundation and HESCO’s Project for Chamoli

editor0 CommentsFinance

SBI Foundation has designed a project together with range of mountains atmosphere Studies and Conservation (HESCO) that aims to push equitable economic and ecological development in ten disaster-prone villages in Joshimath Block of Chamoli District.Uttarakhand has been experiencing global climate change impacts as well as seasonal changes, less snow, flash floods, and unpredictable downfall. Regarding 70% of the population in mountain districts depends on agriculture for subsistence and faces problems thanks to little and fragmented land holdings. Individuals there consider ancient crop varieties, lack market and technology linkage, and square measure liable to crop depredation by wild animals.

28 Dec

Worldline ePayments India Gets RBI’s Nod to Act as Payment Aggregator

editor0 CommentsFinance

Worldline ePayments India (WEIPL), a pacesetter in digital payments, has received in-principle authorisation from the banking company Of India (RBI) to act as a payment collector (PA). The authorisation by the tally was below the provisions of the rules on Regulation of Payment dated March 17, 2020.Worldline ePayments India, a part of Worldline cluster, offers solutions for all styles of payment desires giving in-store, online, and omnichannel payments to its customers.Payment Aggregators facilitate e-commerce sites and merchants in acceptive payment instruments from the customers for completion of their payment obligations while not the requirement for merchants to make a separate payment integration…

27 Dec

RBI Emerges As The Largest Gold Buyer Among The Central Banks Across The Globe

editor0 CommentsFinance

With 132.34 metric tonnes (MT) of gold purchase, run batted in emerged because the largest vendee of the alpha-beta brass among central banks between April 2020 and September 2022. Also, run batted in was the highest gold vendee among its peers in 2020 whereas it stood third in 2021. In 2020, it bought 41.68 MT of gold whereas in 2021 and 2022 (till September end) it bought 77.5 MT and 31.25 MT severally. Every major financial organization keeps some of its reserves in gold because it plays a fine hedging instrument within the time of uncertainty and economic turmoil. Throughout the balance of payment crisis…