With a listing gain of about 58 percent on the NSE on Monday, HDFC Asset Management Company had a stellar debut on the bourses.The HDFC AMC stock listed at Rs 1,738 on the NSE, up 58 percent as compared to the issue price of Rs 1,100 per share. It crossed Rs 1,800 levels on the exchange in intraday trade. The stock witnessed the second highest listing gains in 2018 and 6th highest since 2011, data showed.HDFC AMC public issue was subscribed 83.06 times receiving bids for 156.19 crore equity shares against IPO size of 1.88 crore shares (excluding anchor portion).Close This is the second asset management company to hit the market after Reliance Nippon Life AMC, which had raised Rs 1,542 crore last year.Himadri BuchAssistant Editor|Moneycontrol.com AMFI monthly report: Outflows from credit risk funds rise, inflows into equity funds plummet 85%UTI AMC-PSUs-SEBI Saga: Is it a special case treatment of SEBI relenting with extension for stakeholders SBI, LIC and BoB?Deloitte's … [Read more...] about A look at how HDFC AMC fared vs Reliance Nippon AMC on listing day
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Tata Motors share price gains 3% on improved November JLR sales in China
Tata Motors share price gained 3 percent in the morning trade on December 9 after Jaguar Land Rover (JLR) reported a consistent improvement in China sales for the fifth consecutive month in November.The stock has rallied 35 percent in the last three months. It was quoting at Rs 164.30, up Rs 2.80, or 1.73 percent, on the BSE at 1154 hours.The UK-based luxury carmaker announced retail sales of 46,542 Jaguar Land Rover vehicles in November 2019, down 3.4 percent compared to the same period last year.Close "Sales were down in the UK (-10.8 percent reflecting lower industry and lower incentives on selected models), Europe (-16.8 percent, largely reflecting higher sales a year ago ahead of tax changes in certain jurisdictions), and Overseas (-16.7 percent, largely Russia and MENA)," Tata Motors said in a BSE filing. related news D-Street Buzz: Metal stocks shine led by SAIL, JSPL; Maruti up 2%, FMCG drags Jaiprakash Power shares locked in 5% lower circuit after 6 days of … [Read more...] about Tata Motors share price gains 3% on improved November JLR sales in China
Realme XT 730G and true wireless earphones arriving on December 17 in India
2019 has been a great year for Realme. The Chinese smartphone brand witnessed unprecedented growth in Indian markets, expanding its presence to 20 countries across the globe, and introducing its first-ever flagship handset. However, Realme isn’t quite done yet; the company has one last reveal before ending 2019.The Chinese smartphone brand is set to launch two new products in Indian markets in December. The Realme XT 730G or XT Pro and wireless earphones have now got a confirmed launch date in December, the former debuting as a premium mid-range handset and the latter as the company’s first truly wireless earphones. Realme recently sent out invites to the media for an event on December 17.The invite includes a sketch of half a smartphone labeled 730G and wireless earphones in a charging case, which bare close resemblance to Apple’s Air Pods. The other detail revealed in the invite was an LED indicator on the charging case.Close Additionally, images of Realme … [Read more...] about Realme XT 730G and true wireless earphones arriving on December 17 in India
Society | The answer to barbaric crimes is not more barbarism
Abraham C MathewsIn 1988, the then Democratic Party’s candidate for American President, Michael Dukakis, a staunch opponent of death penalty, had a major on-screen gaffe. During the presidential debates, he was asked whether he would still support the death penalty if it was his wife who was raped and murdered. He replied in the negative. That answer is widely considered to have cost him the election, which was won by his opponent George HW Bush, as Dukakis came across as a weak and faint-hearted liberal.Eight years later, Bill Clinton, when asked the same question took no chances. He affirmed his support for the death penalty. Politicians in India too have been largely wary of publicly standing up for ‘due process’ in cases that shock our conscience, and for good reason that it an invitation to immediate public anger. However that is all the more reason why we must ask whether ‘revenge’, that is, ‘an eye for an eye’, has any place in civilised … [Read more...] about Society | The answer to barbaric crimes is not more barbarism