Monthly Archive:

IRFC-IPO

What Is The Response To IRFC IPO?

KFin Technologies Private Limited could finalise the allotment of shares in IRFC IPO today. The said company is managing the allotment and refund of IRFC shares. Investors can check the website of the said company to get more information on allotment of shares. The information will also be available on BSE website. Listing of shares could go on January 29.

IRFC IPO

Indian Railway Finance Corporation (IRFC) opened its IPO on January 18 and closed on January 20 after receiving bids for 4,35,22,57,225 shares against 1,24,75,05,993 shares on offer. The subscription ratio of the retail individual investors segment, Qualified Institutional Buyers category and non-institutional investors was 3.66 times, 3.78 times and 2.67 times respectively. The IPO was offered at ₹25-26 per share and the IRFC raised about ₹1,400 crore from anchor investors ahead of the IPO.

The government wants to bring its shareholding in IRFC to 86.4% from 100% with the IPO that was subscribed nearly 3.5 times. The total IPO is of 178.20 crore shares and it comprises a fresh issue of 118.80 crore shares and sale of 59.40 crore shares. The government expects raising a capital of ₹1,544 … Read the rest

New-Tata-Altroz-iTurbo

What Is New In The New Tata Altroz iTurbo?

Tata Motors launched the 2021 variant of Tata Altroz iTurbo model with an introductory price of ₹ 7.73 lakh to ₹ 8.85 lakh (ex-showroom, Delhi). This premium hatchback car is now available in three iTurbo variants – VT, XZ and XZ+ trim. The XZ+ trim is available in both petrol and diesel variants and it is priced between ₹ 8.25 lakh to ₹ 9.45 lakh (ex-showroom, Delhi) respectively.

Engine

Tata Altroz iTurbo is powered by a new 1.2-litre, three-cylinder turbocharged petrol engine. While similar engine is used for Tata Nexon facelift but the company says that it has made several changes in the engine and the most important change is the iTurbo that stands for intelligence. Paired with a 5-speed manual transmission, the engine produces 108 bhp of raw power and a torque of 140 Nm between 1,500 – 5,500 rpm. The company claims 18.13 kmpl fuel efficiency with this engine. Also, it is claimed to achieve 100 kmph sprint in 11.9 seconds.

Interior

The new iTurbo trims will come with black and light grey interior topped with new perforated leatherette upholstery. On technology side, … Read the rest

Parakram-Diwas

Could BJP Get Political Mileage With Parakram Diwas In West Bengal?

The Government of India has declared birthday of Netaji Subhas Chandra Bose on 23rd January as “Parakram Diwas”. PM Modi will visit Kolkata on the 125th birth anniversary of Netaji to start the celebrations.

PM Modi addressed the people of Bengal as dear sisters and brothers of West Bengal. He said that he was honoured to in their midst that too on the auspicious day of “Parakram Diwas”. During the programmes in Kolkata, the nation would pay tribute to Netaji Subhas Chandra Bose.

Highlights of PM’s West Bengal visit

• The visit will start with visiting Netaji Bhawan at Elgin Road followed by an inaugural function of the “Parakram Diwas” celebration at Victoria Memorial in Kolkata
• Visit Jerenga Pathar in Sivasagar, Assam where PM will distribute 1.06 lakh land pattas/allotment certificates
• PM will also release a commemorative coin and postage stamp on Netaji
• Visit to National Library, Kolkata for an international conference “Re-visiting the legacy of Netaji Subhas Chandra Bose in the 21st Century”
• Amra Nuton Jouboneri Doot, a cultural programme based on Netaji’s life will be held
• PM will also inaugurate a permanent exhibition … Read the rest

Elon-Musk

Capturing Carbon Emission Technology Can Get You $100 Million Prize

Inspired by the inaugural speed of president Joe Biden, Tesla Inc chief and billionaire entrepreneur Elon Musk announced a $100 million prize to encourage development of technology to capture carbon emission. He said on Twitter that the best technology will get the award.

Capturing carbon emission

It is fast becoming a crucial part of plans made to cut carbon footprint. But there’s little progress registered in this field as all efforts are put at reducing carbon emission than taking carbon dioxide out of the air. But the shift in approach was noticed last year when the International Energy Agency highlighted the need to develop a technology that can capture carbon emission. According to the agency, only this technology can help meet the net-zero emission target.

$100 million prize

The announcement was made on Twitter by Elon Musk. Also, the billionaire entrepreneur said that he would provide more details in his second tweet. Tesla officials were approached for further information on the prize but they didn’t give any response.

Elon Musk

Elon Musk is heading a couple of futuristic companies in addition to Tesla. He has … Read the rest

Burnley-Single-Goal-To-Liverpool

How Burnley Denied Even A Single Goal To Liverpool?

Liverpool faced stunning defeat at the hands of Burnley when Ashley Barnes scored a goal at the 83rd minute into the game. It was a foul from Alisson that resulted into a penalty stroke that Barnes turned into a goal for Burnley and won the league match. But it was more a problem with Liverpool than advantage for Burnley.

Difficulties for Liverpool

After seeing his team struggle, Klopp was expected to add Xherdan Shaqiri and Origi in place of Salah and Firmino to bring speed in the game and allow the team to be more aggressive in their attack. And Klopp justified his decision by giving the excuse that since the club has a hectic schedule, it becomes necessary to keep changing the players. It is to be noted that Liverpool is playing every three day but it got nine days for the Sunday match with Manchester United that was a 0-0 draw.

Burnley’s master stroke

The Clarets are good at frustrating their opponents and this they demonstrated in the game. Throughout the game, they kept the Reds running for ball in a maze and … Read the rest

jackma

What Did Jack Ma Say In Live Video?

It was less than a minute appearance but the video of Jack Ma on Wednesday provided a sigh of relief to the investors that that had been waiting for months for Jack Ma to break his silence over his mysterious disappearance.

What was the Jack Ma video?

A clip of Jack Ma speaking to a group of teachers in a live-streamed video began circulating on Wednesday. He last appeared on the screen in October when he lambasted Chinese regulators and state-owned banks. After that video, Jack Ma disappeared from the business world triggering speculations of Chinese authorities punishing Jack Ma with jail term or a takeover of his companies. But the Wednesday’s video put a period over those speculations.

What did Jack Ma talk about in the video?

He was talking philanthropy with teachers. He discussed the importance of narrowing income disparities and reviving countryside of the country. And it can’t be a coincidence that these two topics are in the priority list of the Xi Jinping’s Communist Party. It is to be noted that Chinese government had detained entrepreneurs that didn’t fall in line. … Read the rest