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The initial public offering (IPO) of digital lending platform Moneyview Ltd received a strong response from investors, with a 98.46 times subscription on the final day of bidding on Monday. According to the data available on the NSE, the company's Rs 1,092-crore IPO received bids for 22,89,51,64,593 shares against 23,25,24,175 shares on offer. Qualified Institutional Buyers (QIBs) led demand, with a strong subscription of 227.45 times in the category. The non-institutional investors segment was subscribed 115.41 times, while the retail portion was booked 19.57 times. The basis of allotment of shares is expected to be finalised today. Here's a step-by-step…

Benchmark indices Sensex and Nifty ended the session in the red amid volatile crude prices and persistent Foreign Institutional Investor (FII) outflows. The 30-share BSE Sensex closed 242.65 points, or 0.33 per cent, lower at 72,529.07. During the day, the benchmark hit a high of 72,684.90 and a low of 72,064.00, gyrating 620.9 points. Similarly, the 50-share NSE Nifty fell 64.05 points or 0.28 per cent to close at 22,716.20. However, the broader market ended the session mixed. While the BSE MidCap Select Index dropped 175.42 points or 0.99 per cent, the BSE SmallCap Select Index added 22.39 points or 0.25…

Newcastle University has appointed Anant Ambani as a Professor of Practice in Sustainability. This appointment recognises his work in industrial decarbonisation, green energy development, and wildlife conservation. 'Professor of Practice' is an academic title designed for experienced professionals and operational leaders. Unlike traditional academic positions, this role does not require a doctorate, peer-reviewed publications, or a traditional research tenure track. Its objective is to bring practical experience - in areas such as capital allocation, the regulatory environment, ESG implementation, and large-scale operational management - into the academic setting. Corporate leaders and other experienced professionals have been integrated into the academic…

The 30-40-30 rule offers a simple way to divide monthly income between essential expenses, lifestyle spending and savings. However, financial priorities can vary significantly depending on income, age, family responsibilities and financial goals. Experts suggest that instead of treating the rule as a fixed formula, individuals may benefit from adapting their salary allocation to their own circumstances. For many salaried individuals, deciding how much to spend, save and invest can be challenging. While percentage-based budgeting frameworks can provide a starting point, they may not always reflect the realities of different financial situations. According to Mayank Prakash, Co-Founder & Director, aarthiq,…