Mumbai: India’s largest operator of food and beverage outlets at transport hubs, Travel Food Services (TFS)’s IPO has received an 18% subscription by 2pm on day 2 of its IPO. The company aims to raise Rs.2000 cr through an Offer For Sale (OFS) issue by the promoters Kapur family trust. At 10 am on July 9, the retail portion of the issue was subscribed 0.34 times, while the QIB and NII segments were subscribed 0.19 and 0.25 times, respectively. The IPO has a price band of Rs.1,045 to Rs.1,100 per share, with a grey market premium of Rs.15 per share.…
Author: Abizar Attari
Abizar Attari
Abizar has been writing before AI started to take over your lives! His expertise lies in analysing diverse perspectives and simplifying them for laymen. Beyond writing, storytelling and editing, he enjoys running, learning and enjoying the outdoors.
Read More
New Delhi: The Adani Group has submitted a Rs. 12,600 crore unconditional bid for the bankrupt Jaiprakash Associates (JAL) as part of its insolvency proceedings. Other bidders, including Dalmia Bharat, Vedanta, Jindal Power and PNC Infratech, have placed conditional bids tied to the resolution of a critical land dispute in UP pending before the Supreme Court. Once considered a major infrastructure and real company, JP Associates has faced mounting issues over the years, including a total debt burden of Rs. 55,493 cr along with a slew of court cases by buyers waiting to get possession of their homes. The company’s…
Chinese drone companies rule the markets- in some segments, almost 70% of all commercially available drones come from China. Many people may not realise it, but drones have highly practical applications in agriculture, infrastructure, photography and most importantly, defence and security. Though such Unmanned Aerial Vehicles (UAVs) have been around for quite some time, their use has been highlighted in recent years, particularly the ‘drone wars’ during the recent skirmish with Pakistan during Operation Sindoor. China has taken the lead in developing high-quality drones that offer a variety of solutions, from a better vantage point for photographers to helping patrol…
Mumbai: PC Jewellers Ltd, a Delhi based jeweller, is seeing an increased interest from investors after it declared an 80% surge in its Q1 FY26 revenue to the bourses. This small cap stock has invoked strong interest with its shares rising up to 15% in intraday trade following the announcement. The company has seen its returns rise around 227% in the past one year, primarily due to the company’s focus on operational efficiencies and its intent to become debt free by the end of this financial year. PC Jewellers has seen a remarkable turnaround lately, reporting a net profit of…
The opportunity to earn a living motivates people to pursue various professions. Many aspire for a glamorous profession, while others may seem boring and uninspiring, and are ignored. Your uncle’s restaurant business may be earning him far less than what you think, yet the chaiwala outside your office could be out-earning your monthly paycheck! Many don’t believe such simple jobs can earn you that much, but you’ll be surprised how well they can help you get a consistent income. A recently viral Reddit thread named- “ What boring business would you start today” discusses such opportunities in detail, where people…
Mumbai: At the company’s Annual General Meeting (AGM) on July 3, Tata Group’s retail arm Trent has forecasted its CAGR for 2025-26 to be around 20% as against its 5-year average of 35% from 2020 onwards. After this news broke, Trent shares have witnessed a 9% fall in early morning trades on July 4, sparking concerns about the company’s long-term prospects. During the AGM, the company showcased its ambition to scale its revenue by 10x, explaining how the company’s revenue had already doubled when the goal was set in FY23. The company operates in various retail formats, including fashion, retail,…
Washington, DC: US President Donald Trump announced a new trade deal with Vietnam, where import duties have been slashed from 46% to 20% from next week. This development comes at a time when many other countries, including India, have been negotiating with the Trump administration for a trade deal to protect their interests against reciprocal US tariffs. “Vietnam will pay the United States a 20% Tariff on any and all goods sent into our Territory, and a 40% Tariff on any Transshipping. In return, Vietnam will do something that they have never done before, give the United States of America TOTAL…
The talent war for AI researchers continues to get the spotlight. Facebook parent Meta has been accused of going to unprecedented levels to poach OpenAI researchers in recent days. Meta’s CEO Mark Zuckerberg aims to recruit a team of experienced researchers for his superintelligence lab, led by Alexandr Wang from Scale AI. Publicly, about 8 researchers have already left OpenAI for Meta, including Shengjia Zhao, Shuchao Bi, Hongyu Ren and IIT alumnus Trupit Bansal. Many believe Meta’s aggressive tactics have gone too far, even as OpenAI’s chief research officer Mark Chen experienced feeling like “someone has broken into our home…
New Delhi: It is next to impossible to access any kind of service without an Aadhaar card. This unique 12-digit identifier is linked to almost every aspect of our public lives- our bank accounts, mobile phone connections, train tickets and now even passport applications. Now that the government knows who you are, they want to identify where you live. The Department of Posts, in collaboration with IIT Hyderabad and ISRO, has released a policy document for DHRUVA (The Digital Hub for Reference and Unique Virtual Address), outlining the framework for a Digital Public Infrastructure (DPI) for a unique code for…
Mumbai: Jio BlackRock has launched three low-risk debt schemes after it received SEBI’s nod to commence mutual fund operations in May. These schemes include the Jio BlackRock Liquid Fund, Jio BlackRock Overnight Fund and Jio BlackRock Money Market Fund. Targeted at conservative, first-time investors, these funds come with a minimum ticket size of Rs. 500. The Net Asset Values (NAV) of these funds will be declared daily, with an almost negligible exit load, a unique proposition that other Mutual Funds may find hard to beat. Jio BlackRock Liquid Fund Aiming to invest in short-term instruments, this mutual fund seeks to…
