HDFC Asset Management Company share price declined 4.7 percent intraday on December 5 after the company said it will use a greenshoe option for sale of additional 0.86 percent stake via offer for sale (OFS).The two-day offer for sale issue has opened for subscription on December 4 only for non-retail investors and today, it will remain open for retail investors as well.The floor price for the issue has been fixed at Rs 3,170, a discount of 7.88 percent to Tuesday's closing price.Close Standard Life Investments, the promoter of the company, told exchanges that it has proposed to sell up to 47,50,000 equity shares through offer for sale (representing 2.23 percent of the total paid-up equity share capital) of HDFC Asset Management Company, with an option to additionally sell up to 38,50,000 equity shares (representing 1.81 percent). related news Rate-sensitive stocks trade mixed after RBI keep interest rates unchanged ICICI Bank share price hits record high; analysts say … [Read more...] about HDFC AMC promoter to sell additional stake via OFS; share price falls 4%
High stakes slot machine wins
The crucial byelection to 15 Karnataka assembly constituencies that would have a bearing on the stability of the B S Yediyurappa-led BJP government saw an estimated 66.49 per cent voter turn out on Thursday and was by and large peaceful.After a slow pace in the first half of the day since polling began at 7 am with only 33 per cent till 1.30 pm, voting picked up later in the day though it was below the percentage recorded in the assembly elections in 2018.The four constituencies in the city clocked poor voter turn outs. Officials said an estimated 66.49 per cent of the 37.78 lakh eligible electors cast their votes in the 15 segments till 6 pm.Close The figure was likely to go up as at some places people standing in queues at close were allowed to vote. related news India's air passenger traffic grows 3.6% in October; pace slower than seen in 2018: IATA Canada Pension Plan Investment Board to invest up to $600 mn in India through NIIF MHA sanctions Rs 100 cr to set up women … [Read more...] about 66.59% turn out in Karnataka bypolls
Rachel Shechtman and Beth Comstock are unlikely confidantes. Shechtman reimagined retail with Story, a Manhattan boutique she founded that presents themed installations, or “stories,” many of which are sponsored by companies. Comstock ascended to the top of General Electric, becoming its first female vice chair and one of the most powerful leaders in business. Recently, the two experienced something of a role reversal. Comstock left GE during a management shake-up, while Shechtman went corporate: Earlier this year, she sold Story to Macy’s and became its brand experience officer. Here, the pair discuss the benefits (and risks) of corporate-entrepreneurial collaborations, and what they’ve learned from each other. advertisement advertisement Shechtman and Comstock had known each other for years, but their friendship began in earnest in 2011 when GE agreed to sponsor a curated “experience” at Story. Beth Comstock: Rachel is the most … [Read more...] about Beth Comstock and Rachel Shechtman talk shop
Tata Motors will unveil its much-anticipated premium hatchback today, the Altroz. It is slated for a launch in January 2020 and gets a host of premium features and upgrades from the Indian carmaker.Multiple spy shots and teasers of the car have given us an idea of its aesthetic appearance. It is built on the company’s Impact 2.0 design. It also gets front doors that can open to 90 degrees, along with a raked honeycomb mesh grille, sleek projector headlamps and 16-inch, 8-spoke alloy wheels.The interiors are equipped with a floating touchscreen infotainment display with phone app connectivity, ambient lighting, climate control, and a semi-digital instrument cluster. Tata is also expected to equip it with dual airbags, ABS with EBD, rear parking sensors with camera, and a high-speed alert along with driver and co-driver seatbelt warning.Close Mechanically, the Altroz is expected to be offered with BSI-compliant petrol and diesel engine options. It should get a 1.2-litre naturally … [Read more...] about Tata to launch Altroz today: How does it fare against rivals?
Consumer durables firm Samsung has launched the country's largest and most expensive LED display called 'The Wall'.Priced between Rs 3.5 crore to Rs 12 crore, the MicroLED display - not called a TV - comes in a variety of sizes and ratios. It ranges from 146 inches (370.8 cm) in 4K definition, 219 inches (556.3 cm) in 6K definition, to 292 inch (741.7 cm) in 8K definition.The product is unprecedented and doesn't have competition.Close Among others, the VU Technologies sells 100-inch television sets for Rs 20 lakh. Similarly, LG has an 8k LED television that is not yet available for sale in India but is priced at around Rs 29 lakh globally. related news Oil rises as OPEC weighs deeper output cuts Cadila Healthcare files NDA with DCGI for liver disease drug Saroglitazar Mg IndiGo plane suffers high engine vibrations mid-air; returns to Mumbai The Wall is pegged as an ‘ultra-luxury’ viewing experience, this product comes with a 0.8mm pixel pitch technology. Compared … [Read more...] about Samsung launches The Wall, giant-sized LED costing up to Rs 12 crore