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Data Patterns makes a strong debut, lists at 48% premium to issue price

Data Patterns makes a strong debut, lists at 48% premium to issue price

Data Patterns (India) Ltd (DPL) has made a strong market debut, with its shares listed at Rs 864, a 48 per cent premium over its issue price of Rs 585 per share on the BSE. The stock opened at Rs 856.05, 46 per cent higher against the issue price on the National Stock Exchange (NSE).

At 10:01 am; Data Patterns traded at Rs 808.05, up 38 per cent when compared to its issue price on the BSE. The stock hit a low of Rs 805 on the BSE and Rs 800.10 on the NSE, respectively, in intra-day trades. A combined 3.6 million equity shares changed hands at the counter on the NSE and BSE.

HCL Technologies surges 5% amid block deal buzz, stock hits a 10-week high

HCL Technologies surges 5% amid block deal buzz, stock hits a 10-week high

Shares of HCL Technologies were up 5 per cent at Rs 1,283.80 on the National Stock Exchange (NSE) in Friday’s intra-day trade on back of heavy volumes as more than 7 million equity shares changed hands at the counter on the BSE and the NSE.

The stock of information technology (IT) consulting & software firm was trading at its highest level since October 14, 2021. It had hit a record high of Rs 1,377.75 on September 24, 2021.

Third Covid-19 wave in India to peak in February: IIT-K researchers

Third Covid-19 wave in India to peak in February: IIT-K researchers

Researchers at IIT Kanpur (IIT-K) have predicted that a third wave of the Covid-19 pandemic, which may be triggered by the new Omicron variant, may peak in India by February 3, 2022.

A report, published in the online preprint health server MedRxiv, said: Following the trends around the world, this project report forecasts India's third wave may start around mid-December and peak in the beginning of February.

ED slaps Rs 80-cr fine on Magma HDI, Sanjay Chamria, Mayank Poddar

ED slaps Rs 80-cr fine on Magma HDI, Sanjay Chamria, Mayank Poddar

The Enforcement Directorate has slapped an aggregate penalty of Rs 80 crore on Magma HDI General Insurance, Sanjay Chamria, and Mayank Poddar for breach of provisions of the Foreign Exchange Management Regulations.

The action pertains to the matter concerning the capital raise in 2012 in Magma HDI and Poonawalla Fincorp (Erstwhile Magma Fincorp), according to the stock exch­ange.

IPO fundraising reaches all-time high of Rs 1.18 trillion in 2021

IPO fundraising reaches all-time high of Rs 1.18 trillion in 2021

Sixty three Indian corporates raised an all-time high Rs 1.18 lakh crore through main board IPOs in calendar 2021.

This was nearly 4.5 times Rs 26,613 crore raised through 15 IPOs in 2020 and almost double of the previous best year 2017 in which Rs 68,827 crore was raised.

Ashok Leyland announces new truck that has load flexibility, saves costs

Ashok Leyland announces new truck that has load flexibility, saves costs

Ashok Leyland, India’s leading commercial vehicle manufacturer, on Thursday launched a new truck called AVTR 3120.

The launch of the three-axle 6x2 Dual Tyre Lift Axle (DTLA) truck makes Ashok Leyland the first and only player in the country to have a full range of dual tyre lift axle (DTLA) truck range: having 31T, 40.5T, and 47.5T GVW nodes, said the company.

Telangana reports 14 new Omicron cases, state tally rises to 38

Telangana reports 14 new Omicron cases, state tally rises to 38

Telangana reported 14 new cases of the new COVID variant, Omicron in the last 24 hours, according to the state health department.

With this, the total number of Omicron cases rose to 38 in the state.

According to the state health department, as many as 259 passengers were screened at the Rajiv Gandhi International Airport on Wednesday out of which 4 cases were tested RTPCR positive.

Prices of tomatoes down by 13% in last one week, 24% in past one month

Prices of tomatoes down by 13% in last one week, 24% in past one month

The price of tomatoes came down in all the major cities of the country in comparison to the corresponding price registered last one week and month.

According to a statement by the Ministry of Consumer Affairs, Food and Public Distribution on Wednesday, the price of tomatoes at the all India level as registered on Tuesday (December 21) was lower by 12.89 per cent as compared to last one week and by 23.69 per cent as compared to the last one month.

US SEC rejects Apple bid to block shareholder proposal on forced labour

US SEC rejects Apple bid to block shareholder proposal on forced labour

The U.S. Securities and Exchange Commission has declined an effort by Apple Inc to skip a shareholder proposal asking the iPhone maker to provide greater transparency in its efforts to keep forced labour out of its supply chain.

A group of shareholders earlier this year asked Apple's board to prepare a report on how the company protects workers in its supply chain from forced labour. The request for information covered the extent to which Apple has identified suppliers and sub-suppliers that are a risk for forced labour, and how many suppliers Apple has taken action against.

Amazon seeks relief from clarification on ED summons in Delhi HC

Amazon seeks relief from clarification on ED summons in Delhi HC

Amazon has filed a writ petition against the Enforcement Directorate (ED) in Delhi High Court seeking clarification on "unnecessary" summons issued to its employees and questioning the scope of its investigation in alleged FEMA violation in the Future Group deal.

In a plea filed before the Delhi High Court, Amazon accused ED of conducting a "fish and roving enquiry" against it.

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