The World Opinion

Category: Economy

  • 7 Fresh IPOs Set To Hit Market This Week: Check A-Z Of Upcoming Offerings | Markets News

    New Delhi: Last month, there were notable listings in the main board and small- and medium-sized enterprise (SME) categories of the primary market, which encouraged investors to subscribe and list. Moving forward, there is a lot of market excitement during the first week of March due to the abundance of newly listed companies and subscription-only initial public offerings (IPOs).

    Let’s look at some of the companies that are opening for subscription this week along with the offering details. (Also Read: ‘Google Is Digital East India Company’: Anupam Mittal Slams Tech Giant For THIS Reason)

    1. RK Swamy IPO

    RK Swamy IPO: Subscription Dates

    The marketing service provider is scheduled to hit the market on March 4, 2024. It will be closed on March 6, 2024. (Also Read: 6 Credit Cards With No Joining Fees And Zero Annual Charge: Check Features)

    RK Swamy IPO: Allotment Date

    If everything goes as arranged, the allotment is expected on March 7, 2024. 

    RK Swamy IPO: Listing Date

    The listing date is yet not finalised. If reports can be believed it will be on March 12, 2024.

    RK Swamy IPO: Price Band

    If we talk about the price band, it is Rs 270 to Rs 288 per share.

    RK Swamy IPO: Lot Size

    Investors have to take a minimum of 50 shares.

    RK Swamy IPO: Minimum Investment Amount 

    calculating the price band and the lot size, one needs a minimum of Rs 14, 400 to invest in the RK Swamy IPO.

    2. JG Chemicals IPO

    JG Chemicals IPO: Subscription Dates

    The IPO is opening on March 5, 2024, for subscription. The offering will close on March 7, 2024. 

    JG Chemicals IPO: Allotment Date

    The allotment is expected to be on March 11, 2024.

    JG Chemicals IPO: Listing Date

    The listing date of JG Chemicals IPO is expected on March 13, 2024.

    JG Chemicals IPO: Price Band

    The price band of the IPO is set to Rs 210 to Rs 221 for each share.

    JG Chemicals IPO: Lot Size

    Investors have to buy a minimum of 67 shares for this IPO.

    JG Chemicals IPO: Minimum Investment Amount

    You must have a minimum of Rs 14,807 for the application.

    3. Gopal Namkeen IPO

    Gopal Namkeen IPO: Subscription Dates

    The subscription window for this IPO is opening on March 6, 2024. Investors have the chance to subscribe to the IPO till March 11, 2024.

    Gopal Namkeen IPO: Allotment Date

    Like others, the allotment date of Gopal Namkeen IPO is not finalised yet. However, it is expected on March 12, 2024.

    Gopal Namkeen IPO: Price Band

    The price band is fixed at Rs 381 to Rs 401 each share.

    Gopal Namkeen IPO: Lot Size

    If we talk about the lot size, it is 37 shares.

    Gopal Namkeen IPO: Minimum Investment Amount

    Now, the question may encounter you that how much minimum money you need to have. So, after going through the calculation, you must have Rs 14, 837.

    4. V R Infraspace IPO

    V R Infraspace IPO: Subscription Dates

    V R Infraspace’s IPO will hit Dalal Street on March 4, 2024. The subscription window will be closed on March 6, 2024.

    V R Infraspace IPO: Listing Date

    The expected listing date is March 12, 2024. 

    V R Infraspace IPO: Allotment Date

    Investors are expected to get the allotment on March 7, 2024.

    V R Infraspace IPO: Price Band

    The price band of the IPO is Rs 85 per share.

    V R Infraspace IPO: Lot Size

    The lot size of the IPO is 1600 shares.

    5. Sona Machinery IPO

    Sona Machinery IPO: Subscription Dates

    Sona Machinery is offering the issue in the Small Medium Enterprise (SME) segment. The company’s IPO will hit the market on March 5, 2024. The same will be closed on March 7, 2024.

    Sona Machinery IPO: Price Band

    The price band of the IPO is Rs 136 to Rs 143 each share.

    6. Shree Karni Fabcom IPO

    Shree Karni Fabcom IPO: Subscription Dates

    Shree Karni Fabcom’s IPO subscription starts on March 6, 2024. You have the chance to apply till March 11, 2024.

    Shree Karni Fabcom IPO: Price Band

    The price band of Shree Karni Fabcom IPO is set at Rs 220 to Rs 227 per share.

    7. Pune E-Stock Broking IPO

    Pune E-Stock Broking IPO: Subscription Dates

    The company is all set to hit the secondary market on March 7, 2024, and it will close on March 12, 2024.

    Pune E-Stock Broking IPO: Price Band

    Pune E-Stock Broking IPO’s price band is set to Rs 78 to Rs 83 for each share.

  • Bill Gates Visits Statue Of Unity; Says… | Companies News

    New Delhi: Bill Gates, the co-founder of Microsoft and known for his charity work, had some nice things to say about the Statue of Unity in Gujarat. He called it a great achievement in engineering and a wonderful way to honor Sardar Patel. He thanked Prime Minister Narendra Modi for inviting him to see the statue.

    Gates also mentioned how the statue is helping the local tribal communities, especially women, by creating job opportunities. (Also Read: ‘I didn’t Recognize Him’: Dolly Chaiwala On Serving Tea To Bill Gates – Watch Viral Video)

    Thank you @narendramodi for the invitation to visit the impressive Statue of Unity. It is an engineering marvel and a great tribute to Sardar Patel. Also great to see it is creating economic opportunity for local tribal communities, especially women. https://t.co/gJlJxlDW4U
    — Bill Gates (@BillGates) March 2, 2024

    In response to Gates’ comments, PM Modi said he was happy that Gates enjoyed his visit. He encouraged people from all over the world to come and see the world’s tallest statue in Gujarat. (Also Read: Satya Nadella Regrets This Decision He Taken As Microsoft CEO; Says…)

    Happy to see this! Glad that you enjoyed your experience at the ‘Statue of Unity.’ I also urge people from all over the world to visit it in the coming times. @BillGates https://t.co/71oImk05RG


    — Narendra Modi (@narendramodi) March 2, 2024

    During his visit, Gates met with India’s IT Minister, Ashwini Vaishnaw, to discuss how India’s use of artificial intelligence (AI) could improve healthcare, farming, and education.

    Gates praised India’s efforts in building a strong digital infrastructure, saying it could serve as a model for other developing countries.

    I met with @AshwiniVaishnaw to talk about India’s AI ecosystem and how it can be used to improve health, agriculture, and education. India’s digital public infrastructure journey is a fantastic model for emerging economies. @BMGFIndia hopes to support the Indian government’s… https://t.co/BlBUweNUGI
    — Bill Gates (@BillGates) March 1, 2024

    Gates and PM Modi also talked about the importance of using AI for the benefit of society. They both agreed on the need to focus on areas that could improve people’s lives and make the world a better place.

    In addition to his meetings with top leaders, Gates also made a video with Dolly Chaiwala, a tea seller, which went viral on the internet. The video shows Gates asking for a cup of tea, and Dolly’s unique way of preparing it catches everyone’s attention.

    (With ANI Inputs)

  • 6 Credit Cards With No Joining Fees And Zero Annual Charge: Check Features | Personal Finance News

    New Delhi: Credit cards become a major player in the financial landscape. However, you have to pay certain joining fees and annual charges for it. The bank automatically adds the renewal cost to the prior month’s billing cycle. But, banks are coming up with different lucrative offers that can attract customers. 

    Waiving off of annual charges and joining fees is one of the offers that banks are giving to users. So, let’s dive into the features and rewards of some top credit cards available in India. (Also Read: ‘I didn’t Recognize Him’: Dolly Chaiwala On Serving Tea To Bill Gates – Watch Viral Video)

    1. Shoppers Stop HDFC Bank Credit Card

    Enjoy the perks of a lifetime free card with a complimentary Shoppers Stop membership, making every shopping spree even more delightful. There are no annual charges for the card. (Also Read: Google Removes Some India Matrimony Apps, Executive Calls Move ‘Dark Day’)

    2. Amazon Pay ICICI Bank Credit Card

    Joining Fees Or Annual Charges

    There are no joining fees or annual charges with this card.

    Rewards And Features Of Amazon Pay ICICI Bank Credit Card

    – Earn rewards with no limits or expiry dates.

    – Get 5 percent back on Amazon India purchases if you’re an Amazon Prime member, and 3 percent back for non-Prime members.

    – You can also enjoy 1 percent back on all other payments and a fuel surcharge waiver.

    3. ICICI Platinum Chip Credit Card

    Rewards And Features Of ICICI Platinum Chip Credit Card

    – Earn 2 reward points for every Rs 100 spent on retail purchases (excluding fuel).

    Enjoy a 1 percent fuel surcharge waiver on transactions up to Rs 4,000 at HPCL pumps.

    4. Axis Bank MyZone Credit Card

    Key Features And Rewards

    Avail maximum discounts of Rs 120 per order, up to 2 times a month, on a minimum spend of Rs 500 with this card.

    5. IDFC First Classic Credit Card

    Key Features And Benefits

    – Embrace a credit card with no annual fee and lifetime free benefits.

    – Enjoy unlimited reward points that never expire, ready for online or in-store purchases.

    6. Bank Of Baroda Easy Credit Card

    Key Features And Benefits

    – Earn 5 reward points for every Rs 100 spent on departmental stores and movies.

    – Plus, enjoy a fuel surcharge waiver and zero annual fees based on card usage.

  • Paytm Payments Bank Fined Rs 5.49 Crore For Money Laundering, Penalised By Finance Ministry

    The FIU issued its order imposing the penalty on February 15. 

  • From Barren Land To A Bountiful Landscape –How Ambani Family Transformed Jamnagar | Real Estate News

    New Delhi: Jamnagar city, which is preparing for the high-profile pre-wedding celebrations of Mukesh Ambani’s youngest son Anant Ambani with industrialist Viren Merchant’s daughter, Radhika Merchant, has become the talk of the town, gaining immense global attention.

    Jamnagar is Anant’s grandmother’s Kokilaben Dhirubhai Ambani birthplace, and the town where his grandfather Dhirubhai Ambani and father Mukesh Ambani started their business.

    Reliance, which operates the world’s largest single location oil refining complex at Jamnagar in Gujarat with capacity of 68.2 million tonnes a year, looks to become a net zero-carbon company by 2035.

    Transforming Jamnagar From Barren Land To A Bountiful Landscape

    But Jamnagar Township as we know today, was not the same flourishing hub decades back. It was Ambani family’s vision and incessant hardwork that made a barren land into a bountiful landscape. Jamnagar is today known as the Green Belt of Gujarat.

    Nita Ambani, spearheaded the designing and construction of the township in the late 1990s –the aim of which was to give home to about 5,500 families of Reliance employees.

    Nita Ambani, who had topped the list of Fortune India’s Most Powerful Women 2022, shared her arduous journey in transforming Jamnagar with Fortune. She said that she along with her team had to work out of tin sheds.

    In the scorching 42 Celsius temperatures, with no trees in sight, the Ambani family took up the mision to plant saplings across the arid region that received less than 400 cm of rain, she told Fortune. Jamnagar now has a thriving flora and fauna echosystem, with rainfall also being doubled ever since.

    Jamnagar Houses Largest Mango Orchard In Asia

    Jamnagar boasts of having the Mango Orchard in Asia — Dhirubhai Ambani Lakhibag Amrayee . Spread over 600 acres, there are more than 100 varities of mangoes. The Ambani family started with 50,000 mango trees, which now has nearly 1.5 lakh trees. While upto 70 percent of the produce from the orchard is domestically consumed, the surplus is exported.

    Furthering with Dhirubhai Ambani’s dream of planting 2 million trees and transform into a greenery hub, the Reliance family has planted crores of saplings in the area. As per the company’s annual reports, RIL has planted over 2.3 crore Saplings planted till year 2020-21, involving mangroves on 875 acres of land around its Jamnagar refinery plant.

    Vantara: Anant Ambani’s Brain-Child

    This massive project, dubbed ‘Vantara,’ or ‘Star Of The Forest,’ covers 3,000 acres in Reliance’s Jamnagar Refinery Complex. Inspired by mom Nita Ambani, Anant Ambani has conceptualised the project.  Reliance Industries and the Reliance Foundation are supporting Vantara — the project intends to provide a safe haven for mistreated, injured, and endangered animals.  The initiative is more than just a zoo; it’s a full-fledged rehabilitation facility meant to replicate the lush ecosystems from which the saved animals originally came.

    Jamnagar Upcoming Projects

    Reliance Industries Ltd in an earnings statement and investor call recently said that it will commission a new energy giga complex in Gujarat in the second half of 2024. Reliance is building a giga complex spread over 5,000 acres in Jamnagar in Gujarat. The complex comprises five giga factories for photovoltaic panels, fuel cell system, green hydrogen, energy storage and power electronics.

  • 8.4% GDP Growth Shows Economy's Strength, Potential: PM Modi

    Beating estimates, India’s economic growth shot to 8.4 percent in the third quarter of 2023-24.

  • Mahindra Confirms Launch Of Thar 5-Door For Mid 2024: Details | Auto News

    After much anticipation and speculation, Mahindra has announced the launch of the Thar 5-Door version. During the recent earnings call of Mahindra and Mahindra, Rajesh Jejurikar, the executive director and CEO, officially confirmed that the Thar 5-door variant is scheduled to be launched in the middle of this year.

    Thar 5-Door Expected Design

    It is expected that the Thar 5-Door could get the nameplate ‘Mahindra Thar Armada’. It is anticipated to boast unique styling cues, distinguishing it from its 3-door counterpart. Among these enhancements are a revamped grille, front bumper with integrated fog lamps, and full LED lighting encompassing headlamps, fog lamps, side indicators, and tail lamps.

    Thar 5-Door Expected Features

    While higher variants may flaunt 19-inch diamond-cut alloy wheels, initial models could feature sturdy steel wheels. Inside, the 5-door Thar is poised to offer an array of amenities surpassing those of the 3-door model. Prospective enhancements encompass monotone and dual-tone dashboard options, coupled with dual digital screens comprising a 10.25-inch infotainment system and an additional display for the instrument cluster.
    In addition to an impressive feature set, the 5-door Thar is rumored to incorporate luxurious touches such as a sunroof, leatherette seat upholstery, front and rear center armrests, rear AC vents, push-button start, and rear wheel disc brakes. Drawing inspiration from the Scorpio-N, the vehicle’s engine and suspension setup are expected to deliver robust performance and reliability.

    Speculated Performance

    Thar 5- Door buyers can anticipate a choice between two potent engine options: a 2.0L turbo petrol engine generating 203bhp with 370Nm/380Nm torque and a 2.2L turbo diesel engine delivering 130bhp with 300Nm and an enhanced 138bhp with 370Nm/400Nm torque. Moreover, both 2WD and 4WD drivetrain configurations are likely to be available, catering to a diverse range of driving preferences and terrains.
     

  • Bill Gates Visits Microsoft’s India Development Centre In Hyderabad | Companies News

    New Delhi: Microsoft co-founder Bill Gates paid a visit to the India Development Centre (IDC) in Hyderabad, a hub of innovation that he had envisioned back in 1998. This year, the IDC is celebrating 25 years of remarkable achievements in research, engineering, and development, playing a crucial role in shaping top-notch products like Azure, Windows, Office, Bing, Copilot, and various AI applications.

    Rajiv Kumar, the Managing Director of Microsoft IDC and CVP of Experiences + Devices India, expressed his satisfaction at witnessing Bill Gates engage with some of India’s brightest engineering minds at the IDC, which he considers the company’s most valuable asset. (Also Read: EPFO Services To Remain Impacted Today: Know Why)

    Kumar echoed Gates’ enthusiasm for the potential of AI in India and expressed IDC’s eagerness to lead innovation efforts for Microsoft, spanning across AI, cloud services, security, and gaming. (Also Read: Dating App Bumble To Layoff 30% Of Workforce)

    Gates’ Plan To Visit India

    Gates had recently shared his plans to visit India in a post on LinkedIn, expressing his eagerness to discover how India is pioneering innovative solutions in healthcare, digital infrastructure, and climate initiatives, with the aim of benefiting billions of people worldwide.

    In his blog, Gates mentioned his visit’s purpose: to explore ways of collaborating with India to ensure that its groundbreaking ideas and inventions reach everyone, regardless of their location.

    Meeting With Prime Minister Modi

    Gates emphasized that during his visit, discussions with Prime Minister Narendra Modi would focus on Microsoft’s continued collaboration with India to ensure that its ideas and inventions are accessible to all who need them, regardless of geographical barriers.

    (With IANS Inputs)

  • EPFO Services To Remain Impacted Today: Know Why | Personal Finance News

    New Delhi: The Employees’ Provident Fund Organisation (EPFO) announced today that all services utilizing Aadhar authentication will be affected due to technical maintenance of the Aadhar setup. In a message posted on social media platform X, the EPFO expressed regret for any inconvenience caused to users.

    All services utilising Aadhar authentication will remain impacted due to technical maintenance of Aadhar setup of EPFO. Inconvenience caused is deeply regretted.#Aadhar #EPFOUpdate #EPFO #EPFOwithYou@PMOIndia @byadavbjp @Rameswar_Teli@LabourMinistry @MIB_India@PIB_India


    — EPFO (@socialepfo) February 28, 2024

    EPFO Faces High Rejection Rate For Claim Settlements

    Recent reports have shed light on the challenges faced by the EPFO in processing claims, revealing that the organization has been rejecting a significant number of claims it receives. It was disclosed on February 20 that the EPFO had turned down one-third of the claims it received, sparking concerns among subscribers. (Also Read: Zomato’s Hilarious Response To Customer Goes Viral; Netizens Applaud Creativity)

    EPFO Responds To Grievances On Claim Settlements

    Numerous subscribers have voiced their grievances regarding delays in claim settlements through EPFO’s official handle on X. In response to one such query, the EPFO clarified that it typically takes around 20 days to settle a claim or release the Provident Fund (PF) amount, provided that the submission to the EPFO office is complete. (Also Read: ‘That’s Lucknow Airport?? :’ Anand Mahindra Applauds New Terminal: WATCH Video)

    Data Highlights High Rejection Rate In 2022-23

    Official data indicates a notable increase in the rejection rate of claims during the financial year 2022-23. Out of a total of 73.87 lakh claims received for final PF settlement, a staggering 33.8 per cent (24.93 lakh) were rejected. Meanwhile, 46.66 lakh claims were successfully settled, with 2.18 lakh remaining as closing balances.

    Comparative Analysis Reveals Rising Rejection Trends

    The rejection rate observed in 2022-23 stands significantly higher compared to previous years. In 2017-18 and 2018-19, the rejection rates were recorded at approximately 13 per cent and 18.2 per cent, respectively, reflecting a concerning trend of increasing rejections over time.

    About EPFO

    The EPFO, being the world’s largest social security organization with over 277 million accounts and a corpus of nearly Rs 20 lakh crore, faces the critical task of addressing these challenges to ensure smoother and more efficient services for its subscribers.

  • Kapda, Roti, Makaan! Fashion Expert Explains Rise In Consumer Spending More On Clothing Than On Food | Economy News

    New Delhi:  The Per capita Monthly Household Consumption Expenditure more than doubled during 2011-12 to 2022-23, according to a report released on Saturday by the Ministry of Statistics and Programme Implementation. The report found that Indians are spending more on consumer items like clothes vis-a-vis their expenditure on food.

    “The National Sample Survey Office (NSSO), Ministry of Statistics and Programme Implementation has conducted Household Consumption Expenditure Survey (HCES) during August 2022 to July 2023. This surveyon household consumption expenditure aims at generating estimates ofhousehold Monthly Per Capita Consumption Expenditure (MPCE) and its distribution separately for the rural and urban sectors of the country, for States and Union Territories, and for different socio-economic groups. The summary results of HCES: 2022-23 relating to MPCE is being released in the form of a factsheet,” said Ministry of Statistics and Programme Implementation.

    It added that people are spending less on grains like wheat, rice and pulses vis-a-vis their expenditure on beverages, refreshments and processed food. In 2023, the average household spending on clothing has increased by 20% compared to 2018, while spending on food has increased by only 10%, the Ministry of Statistics and Programme Implementation report found.

    Absolute and percentage break-up of MPCE by item group in 2022-23: All-India

    Food Total

     


    Non Food Total

    Instead of Roti, Kapda And Makaan, it is instead Kapda Roti and Makaan. Explaining the rise in spending on Clothing and other discretionary items, fashion expert Sakshi Nag said that the post Covid world increased people’s intreaction on social media platforms. This gave rise to a lot of current generation influencers that not only promoted international brand, but also brought Indian local brands into the limelight that included both jwellery and clothing.


    “The information on these social media platforms not only reached the urban sphere, but also captured viewers from the rural landscape. As more and more people became aware of these consumer products, they took keen interest in buying the same,” Nag added.

    She further said that host of brands seized the opportunity and used the social media and these influencers to speak about the brands as well as their products.

    “People who erstwhile thought that fashion or other accessories can come at cheaper with locally made products, they became more and more interested in buying and consuming them,” Nag said.

    (Story Reported By Varun Bhasin)