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India's biggest initial public offering (IPO), Jio Platforms' Rs 30,200-crore issue, witnessed a strong demand during the three-day subscription window. The issue was subscribed 22.19 times, with investors bidding for 438.26 crore shares against 19.75 crore on offer, with institutional investors driving demand. Qualified Institutional Buyers (QIBs) bid 345.75 crore shares against 4.90 crore reserved, or 70.55 times. Retail Individual Investors bid 23.11 crore shares against 7.60 crore shares on offer, or 2.72 times. Shareholders' reservation portion is at 7.60 times, while the employee reservation is at 2.93 times. Non-Institutional Investors were at 14.00 times. The IPO comprised an entirely fresh issue of 27 crore shares. First IPO to cross…

Shares of Lord's Mark Industries are likely to be on investors' radar after the company informed exchanges that it completed its manufacturing capacity expansion at Silvassa ahead of schedule. This will help the firm in strengthening its production readiness for international markets. Amid this, the stock opened in the green at Rs 72.90, up Rs 1.25 or 1.74 per cent from the previous close of Rs 71.65 on the BSE. The counter gained further to touch the intraday high of Rs 73.80 before witnessing profit booking. The counter fell to Rs 68.07, down Rs 3.58 or 4.99 per cent. The…

Benchmark indices Sensex and Nifty extended losses on Friday as an overnight fall in US benchmarks cautioned local investors, with a renewed surge in crude oil prices and a decline in the rupee fuelling broad-based selling pressure. The 30-share BSE Sensex fell 125.56 points, or 0.17 per cent, to 73,123.83. During the day, the benchmark hit a high of 72,452.37 and a low of 72,452.37, gyrating 1,314.14 points. Similarly, the 50-share NSE Nifty fell 87.65 points or 0.39 per cent to close at 22,600. The broader market also ended the session in the red. The BSE MidCap Select Index fell 346.39…

The central government plans to change the rules governing driving licenses. The Ministry of Road Transport and Highways (MoRTH) has issued a draft notification regarding this. It proposes issuing different-coloured driving licenses for Indian and foreign citizens. It may also tighten the requirement to pass an online assessment to obtain a license. However, these are still proposals, and the ministry will need to issue final rules before implementation. Different colours for DLs for Indians and foreigners According to the ministry's proposal, the driving licence may indicate the holder's nationality. To do this, it is proposed to adopt different colour schemes…

Shares of technology and consulting company Kellton Tech Solutions Ltd. are on investors' radar today after the company provided significant information in its latest exchange filing. In a filing today, the company announced it has been awarded the contract to assume full responsibility for a centralised engineering function for a major Middle Eastern airline. Under the agreement, it will help strengthen the airline's web and mobile platforms and improve its digital systems. Amid this, the stock began the trading session in the red at Rs 11.27, down from the previous close of Rs 11.31 on the BSE. Amid a surge…

Investors are showing tremendous enthusiasm for Jio Platforms' public issue, the country's largest IPO. The company's Rs 30,213 crore IPO is also receiving strong bids on the third day. Institutional investors have shown the strongest interest in the issue. By 10 am on October 23, the IPO had received more than six times its total subscription. According to data from the National Stock Exchange (NSE), the Jio Platforms IPO was subscribed 6.03 times as of 10 am on the third day. Investors placed bids for over 1.19 billion shares, compared to the approximately 197.5 million shares on offer. This indicates…