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Rachna Dhanrajani
Rachna Dhanrajani | Assistant Producer
Updated Jul 14, 2021 | 22:30 IST
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  • Zomato IPO fully subscribed on day 1; Retail investor portion oversubscribed 1.65X

jv-tennis-drills,Online food ordering platform Zomato’s much-awaited initial public offering (IPO) was fully subscribed by investors on the first day of bidding. So far, the IPO has been subscribed 1.07 times, led by retail investors who have oversubscribed their portion of the issue.

The Rs 9,375 crore IPO opened for subscription on Wednesday morning after having raised Rs 4,200 crore from anchor investors. Investors can still bid for the public issue at the set price range of Rs 72-76 per share, till Friday (July 16) evening.,kevin-hart-mvp-basketball

european-basketball-mvp,Note that the homegrown food delivery unicorn would be the first of many Indian tech startups that are expected to list on the stock exchanges soon. While retail investors were the first to fully subscribe to the issue, Qualified Institutional Buyers (QIB) have so far bid for 98% of the portion reserved for them and Non-Institutional Investors (NII) have bid for 12% of the reserved portion, the data showed.

ek-bet-app,Employees of Zomato have subscribed 18% of their portion. 75% of the issue is reserved for QIBs, while 15% is for NIIs and the remaining 10% for retail investors.

  • Infosys posts strong Q1; FY22 revenue guidance hiked to 14-16%, margin guidance retained at 22-24%

volleyball-facts-william-g-morgan,Strong Q1 from Infosys on most fronts however EBIT margins came under pressure. Infosys has clocked in the highest ever quarterly revenue growth in a decade; revenue growth has been about expectations at 4.8% QOQ in constant currency terms (CC). Strong deal wins with TCV of large deal flows at $2.6 billion in Q1 and the management has upped FY22 revenue growth guidance and retained FY22 margin guidance.

poker-weapon,Q1 margins were below estimates at 23.7% QOQ (down 80bps QOQ) and attrition level has been rising in the industry.

“Driven by the dedication of our employees and the trust of our clients, we grew at the fastest pace in Q1 in a decade, at 16.9% year-on-year and 4.8% quarter-on-quarter in constant currency. I am proud of our employees, who as ‘One Infosys’ demonstrate resilience and commitment in delivering for our clients. This gives us the confidence to increase our revenue growth guidance to 14%-16%”, said Salil Parekh, CEO, and MD.,tennis-ukraine

  • India's WPI in June eases marginally to 12.07% from May's record spike

India's Wholesale Price Index for the month of June eased from last month's record high and was recorded at 12.07% in June 2021 because of soaring global prices of crude oil and manufactured goods, government data showed on Wednesday. The index has softened from the previous month's high of 12.94 per cent but is still elevated due to a low base recorded last year.,octro-rummy-game

dusan-lajovic,Data released by the industry department showed food inflation in June decelerated to 3.1% from 4.3% a month ago, while fuel inflation eased to 32.8% from 37.6% a month ago despite the recent increase in prices of petrol, diesel and cooking gas items. Manufactured products inflation increased to 10.9% from 10.8% in May due to rising price pressure in sectors like textiles, apparel, leather, wood, chemicals, pharmaceuticals, cement, basic metals, and fabricated metal products. Consumer price index (CPI) data released on Monday also showed retail inflation marginally eased to 6.26% in June while remaining above the upper limit of the central bank’s inflation target for the second straight month.

  • Mastercard barred by RBI from onboarding new domestic customers

itdi,Mastercard has been barred by RBI from adding new clients in India for non-compliance with local data storage norms from 22 July.

real-tennis-history-facts,Notwithstanding the lapse of considerable time and adequate opportunities being given, the entity has been found to be non-compliant with the directions on Storage of Payment System Data, the RBI said. This order will not impact existing customers of Mastercard. Mastercard shall advise all card-issuing banks and non-banks to conform to these directions, the statement read.

oddsmaker-casino,The supervisory action has been taken in the exercise of powers vested in RBI under Section 17 of the Payment and Settlement Systems Act, 2007 (PSS Act), the RBI said. Mastercard is a Payment System Operator authorized to operate a Card Network in the country under the PSS Act.

In terms of the RBI circular on Storage of Payment System Data dated April 6, 2018, all system providers were directed to ensure that within a period of six months the entire data relating to payment systems operated by them is stored in a system only in India.,how-to-get-into-sports-betting

  • 7th Pay Commission: Cabinet approves DA, DR hike for central government employees, pensioners to 28%

In a major relief for 50 lakh central government employees and 61 lakh pensioners, the Union Cabinet headed by Prime Minister Narendra Modi today (July 14) approved the hike in Dearness Allowance (DA) from 17% to 28% with effect from July 1, 2021. The DA hike will entail an outflow of Rs 34,400 crore per year for the exchequer. Dearness allowance and DR are paid by the government to its employees and pensioners respectively to compensate them for the increase in the cost of living on account of inflation. It is revised twice a year, on January 1 and July 1.  ,virat-kohli

Worth mentioning here is that the Centre had frozen DA and DR of central government employees and pensioners last year keeping in view the fall in government revenue collection and rising spend on social welfare schemes after the outbreak of the Covid-19 pandemic.,play-roulette-demo-game

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As of now, three installments of DA were pending- 4% from January 1, 2020, to June 30 2020, 3% from July 1, 2020, to December 31, 2020, 4% from January 1, 2021, to June 30, 2021. With the restoration of DA, central government employees will see a big jump in their take-home salary, provident fund contribution and gratuity as well.      ,marton-fucsovics

Architects of India's future will define the agenda for growth in this Golden Decade, at the Times Network India Economic Conclave - 25, 26 March | New Delhi. Watch LIVE coverage from the ground on Times Network basketball nba match channels and https://www.indiaeconomicconclave.com,vancouver lawn tennis & badminton club.

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