The Press Editor

Mumbai: The initial public offering of Ardee Industries Ltd received strong investor participation and was subscribed 133.66 times on the final day of bidding on Friday. According to data available on the National Stock Exchange (NSE), the Rs 426-crore IPO received bids for 7,80,88,19,433 shares against 5,84,22,516 shares on offer. The non-institutional investors subscribed their category 255.24 times. The Qualified Institutional Buyers (QIBs) segment was booked 197.77 times, and the retail quota was subscribed 45.71 times. No investors are waiting for the allotment process, which is expected to be finalised today. Once the allotment process is completed, investors can check…

New Delhi: Buying a home is one of the biggest financial decisions a person makes in their life. After taking a home loan, one has to pay EMIs every month for several years. This EMI may fluctuate if the Reserve Bank of India (RBI) changes the repo rate during the tenure. Not just EMI, a change in the repo rate may also result in a change in your loan term. If you don't want to take the stress of these things, hybrid home loans can be an option for you. What is hybrid home loan? Simply put, a hybrid home…

Mumbai: Benchmark indices Sensex and Nifty remained flat on Monday as rising crude oil prices and lingering uncertainty over developments in the Middle East offset optimism stemming from weaker-than-expected US jobs data. The 30-share BSE Sensex closed 43.27 points or 0.06 per cent higher at 78,542.44. During the day, the benchmark hit a high of 78,676.98 and a low of 78,298.92, gyrating 378.06 points. However, the 50-share NSE Nifty ended flat with a gain of just 13.15 points or 0.05 per cent. The broader market also ended the session in the green. While the BSE MidCap Select Index gained 41.80…

Mumbai: Shares of BSE-listed IT company Blue Cloud Softech Solutions are in action even in today's volatile session as the company has shared updates regarding a contract with SpaceX International. The stock opened at Rs 20.11, a gain of Rs 0.37 or 1.87 per cent from the previous close of Rs 19.74 on the BSE. But it picked momentum amid firm buying and a spurt in trading volume by more than 11.12 times to hit the intraday high of Rs 23, a gain of 16.51 per cent from the previous close. Last seen, the stock held firmly in the green…