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Rishabh Instruments makes tepid debut, lists 4% higher over issue price

Rishabh Instruments makes tepid debut, lists 4% higher over issue price

Rishabh Instruments made a lackluster debut on the BSE and on the National Stock Exchange (NSE) on Monday, with the shares of the company getting listed at Rs 460, a 4 per cent premium over its issue price of Rs 441 per share.

Post listing, the stock fell below its issue price to Rs 432.25 on the BSE and to Rs 432.35 on the NSE. At 10:05 AM, Rishabh Instruments was quoting at Rs 462.80, 1 per cent higher over its issue price. A combined 3.9 million equity shares have thud far changed hands on the NSE and BSE.

TDP chief, ex-Andhra CM Chandrababu Naidu reaches Rajamundry central jail

TDP chief, ex-Andhra CM Chandrababu Naidu reaches Rajamundry central jail

Telugu Desam Party (TDP) chief N Chandrababu Naidu reached Rajamundry central jail in the early hours of Monday after being remanded to judicial custody in a corruption case.

According to the police, the former CM has been allotted an upper block in Sneha Wing of the jail to reside until further procedure alongside prisoner number 7691.

India to offer Russia to invest trapped rupees, says Sergei Lavrov

India to offer Russia to invest trapped rupees, says Sergei Lavrov

India will offer Russia options to invest the billions in rupees it has accumulated for exports, Foreign Minister Sergei Lavrov said Sunday in New Delhi.

“Our Indian friends said they would propose promising areas they can be invested in,” Lavrov told reporters, citing talks with Indian counterpart Subrahmanyam Jaishankar in Jakarta, Indonesia, on the sidelines of the East Asia summit prior to his arrival to India.

VI pays 50% of spectrum usage, licence charges; struggles to raise funds

VI pays 50% of spectrum usage, licence charges; struggles to raise funds

Vodafone Idea (VI) has paid half of the license and spectrum usage charge (SUC) dues for the March quarter, The Economic Times (ET) has reported. Moreover, VI has assured the Department of Telecommunications (DoT) that 90 per cent of the dues for the June quarter will be cleared in a phased manner along with the interest.

Government officials have said that if the telco honours its payment commitments, the DoT will not invoke the bank guarantees. However, in case of failure, the guarantees will be encashed, the DoT officials told ET. The DoT has not met any potential investor in the company so far, the officials added.

Adani forms JV with Kowa Holdings for green ammonia, H2 marketing

Adani forms JV with Kowa Holdings for green ammonia, H2 marketing

Adani Enterprises on Friday announced a 50:50 joint venture with Kowa Holdings Asia for the sales and marketing of green ammonia, green hydrogen and its derivatives produced and supplied by the Adani Group.

The joint venture agreement was signed between Adani Global Pte Ltd, Singapore, which is Adani Enterprises' step-down wholly-owned subsidiary, and Japan's Kowa Holdings. The company did not divulge any further details related to the joint venture, including the agreed territory for the stated sales and marketing.

13 arrested accused booked under Pocso Act in JU ragging death case

13 arrested accused booked under Pocso Act in JU ragging death case

All 13 people arrested in the ragging-death of a 17-year-old undergraduate student of Jadavpur University were booked under Pocso Act, police said.

The accused were booked under the Protection of Children from Sexual Offences Act, 2012 (Pocso Act) as the boy was allegedly paraded naked on the second floor of the main hostel before he jumped off the balcony on August 9, they said.

India ready to offer all possible assistance to quake-hit Morocco: PM Modi

India ready to offer all possible assistance to quake-hit Morocco: PM Modi

Prime Minister Narendra Modi on Saturday expressed grief at the loss of lives in an earthquake in Morocco and said India is ready to offer all possible assistance to it in this difficult time.

A powerful earthquake that struck Morocco late Friday killed at least 296 people, the country's Interior Ministry said.

Andhra Pradesh CID arrests Chandrababu Naidu amidst high tension in Nandyal

Andhra Pradesh CID arrests Chandrababu Naidu amidst high tension in Nandyal

In a dramatic development, the AP CID police on September 9 arrested Telugu Desam Party national president and former Chief Minister Nara Chandrababu Naidu in Nandyal, 65 km from Kurnool, preceded by a five-hour-long high tension.

In connection with criminal cases over corruption in AP Skill Development Corporation, the police started deploying heavy police forces in several buses from Kurnool, Nandyal, and Anantapur districts from Friday midnight.

After Reliance, Tata Group set to announce AI partnership with Nvidia

After Reliance, Tata Group set to announce AI partnership with Nvidia

Tata Group is set to announce an AI partnership with U.S. chip firm Nvidia, a source with direct knowledge of the matter told Reuters.

An announcement is expected later in the day, the source added.

Foxconn seeks to work with STMicro to build semiconductor factory in India

Foxconn seeks to work with STMicro to build semiconductor factory in India

Foxconn Technology Group is teaming up with STMicroelectronics NV for a bid to build a semiconductor factory in India, seeking state backing to broaden its footprint in the South Asian country.

Taiwan’s Foxconn and Franco-Italian STMicro are applying for state support for a 40-nanometer chip plant, people familiar with the matter said, asking not to be identified as the plan isn’t public. Such mature chips are used in cars, cameras, printers and a wide variety of other machines.

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