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Policybazaar debuts at 17% premium over issue price

Policybazaar debuts at 17% premium over issue price

PB Fintech, the parent company of Policybazaar, made a good stock market debut, with shares listed at Rs 1,150, a 17 per cent premium over its issue price of Rs 980 per share on the BSE. Post listing, the stock moved higher to Rs 1,194.95, a 22 per cent premium to its issue price.

At 10:02 am; PB Fintech was trading at Rs 1,185, up 3 per cent from its opening level on the BSE. In comparison, the S&P BSE Sensex was up 0.40 per cent at 60,928. Around 468,000 equity shares changed hands at the counter on the NSE and BSE.

Investors prep for biggest week in over a decade for Indian IPO debuts

Investors prep for biggest week in over a decade for Indian IPO debuts

Investors looking at newly listed shares in India will be busy this week.

The third week of November concentrates the first day of trade for initial public offerings that together raised about $3.3 billion, the biggest weekly amount for the local market in 11 years. That includes Paytm’s debut on Thursday following its $2.4 billion offering, the country’s biggest on record.

Info Edge Q2 net rises 2,147% to Rs 7,371 cr on the back of Zomato gains

Info Edge Q2 net rises 2,147% to Rs 7,371 cr on the back of Zomato gains

Sanjeev Bikhchandani-led Info Edge saw its net profit rise 2,147 per cent to Rs 7,371 crore year-on-year (YoY) in the September quarter. It reported an unrealised market gain of Rs 8,941 crore from its stake in foodtech company Zomato in the second quarter. The company registered a gain of Rs 357 crore from the sale of its shares in the Zomato initial public offering.

The company reported profit before tax (before exceptional items) of Rs 139.2 crore for the quarter ended September, compared to Rs 65.4 crore in the year-ago period.

CM Ashok Gehlot asks Centre to further cut excise duty on petrol, diesel

CM Ashok Gehlot asks Centre to further cut excise duty on petrol, diesel

Rajasthan Chief Minister Ashok Gehlot asked the Central government to further cut excise duty on petrol and diesel.

Speaking to the media, the chief minister said, "We demand the Central government to further cut petrol and diesel prices."

"If the Centre reduces fuel prices, then, it will be reduced in the states too," Gehlot said.

Punjab farmers continue to burn stubble, say govt has not provided aid

Punjab farmers continue to burn stubble, say govt has not provided aid

Amid the rising levels of pollution in Delhi, stubble burning continues in various parts of Amritsar, with farmers alleging that the government has done nothing in regards to providing machinery and compensation for controlling the burning of stubble.

Gopi, a farmer said while talking to ANI, "We are helpless. The government has not provided us with compensation of Rs 7,000 and machinery needed to control stubble burning. If we would not burn the stubble, our next crop will be late.

Global Covid-19 caseload tops 253.2 mn, deaths surge to more than 5.10 mn

Global Covid-19 caseload tops 253.2 mn, deaths surge to more than 5.10 mn

The global coronavirus caseload has topped 253.2 million, while the deaths have surged to more than 5.10 million and vaccinations soared to over 7.46 billion, according to the Johns Hopkins University.

In its latest update on Monday morning, the University's Center for Systems Science and Engineering (CSSE) revealed that the current global caseload, death toll and the total number number of vaccine doses administered stood at 253,291,318, 5,100,151 and 7,464,233,665, respectively.

Maruti Suzuki aims to drive in more CNG trims across its product rangeMaruti Suzuki aims to drive in more CNG trims across its product range

Maruti Suzuki aims to drive in more CNG trims across its product rangeMaruti Suzuki aims to drive in more CNG trims across its product range

Maruti Suzuki India (MSI) plans to drive in CNG trims across its product range as it remains bullish over long-term prospects of the segment amid increase in fuel prices and drop in diesel car sales, according to a senior company official.

The company, which sold around 1.62 lakh CNG cars last fiscal year, is also counting on the rapid expansion of CNG dispensing outlets across the country to bring in more CNG products.

Supreme Court suggests 2-day lockdown in Delhi to bring down air pollution

Supreme Court suggests 2-day lockdown in Delhi to bring down air pollution

The Supreme Court on Saturday took a serious view of the severe air pollution in Delhi-NCR and suggested that if needed the government can declare a two-day lockdown to bring down the levels, which has been caused by stubble burning, vehicles, firecrackers, industries, dust.

At the outset, a bench headed by Chief Justice N.V. Ramana told Solicitor General Tushar Mehta, representing the Centre, that the "situation is very bad... In the house we are wearing masks. It is a bad situation".

Indian doctor who treated Mohammad Rizwan before T20 World Cup semi-final terms his recovery 'a miracle'

Indian doctor who treated Mohammad Rizwan before T20 World Cup semi-final terms his recovery 'a miracle'

"Mujhe Khelna he. Team ke saath rehna he, (I want to play and be with the team)," this is what Pakistan opening wicket-keeper batter Mohammad Rizwan told the doctors when he was in the ICU because of chest infection for two days before his side's semi-final game against Australia in the ongoing ICC Men's T20 World Cup 2021.

For Saheer Sainalabdeen, the Indian doctor who was treating him, Rizwan's recovery was a miracle as he praised the wicket-keeper's spirit and courage to get back on the field with his teammates in the big game.

Punjab to give Rs 2 lakh to 83 arrested in Delhi in Jan 26 tractor rally

Punjab to give Rs 2 lakh to 83 arrested in Delhi in Jan 26 tractor rally

The Punjab government has decided to give Rs 2 lakh as compensation to 83 people who were arrested by the Delhi Police after a tractor march against the Centre's farm laws turned violent on the Republic Day this year.

The farmers had taken out a tractor march on January 26 in the national capital to highlight their two principal demands of a repeal of three new agri laws and a legal guarantee of minimum support prices.

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