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Fedbank Financial Services IPO to open on Nov 22 at Rs 133-140 per share

Fedbank Financial Services IPO to open on Nov 22 at Rs 133-140 per share

The initial public offering (IPO) of Fedbank Financial Services (Fedfina) will open for subscription on November 22 at a price band of Rs 133-140 per share, the company announced on Friday. The three-day offering will close on November 24.

At the upper end of the price band, the Federal Bank-promoted company will mop up Rs 1,092.26 crore to augment the company's Tier-I capital base to fund growth of the business and assets.

70% of passwords can be cracked in less than a second, shows NordPass study

70% of passwords can be cracked in less than a second, shows NordPass study

As many as 70 per cent of the passwords in this year’s global list can be cracked in less than a second, showed the fifth edition of the NordPass study.

The study stated that in 2023, "123456” was the most commonly used password among Indians. In India, last year's global winner, “password”, “Pass@123”, and other similar variations were among the most commonly used passwords this year, according to a report in The Times of India (TOI).

Adani, JSW Cement, and ArcelorMittal eyeing Vadraj Cement in IBC Sale

Adani, JSW Cement, and ArcelorMittal eyeing Vadraj Cement in IBC Sale

Adani Group, ArcelorMittal Group, and Sajjan Jindal's JSW Cement may be competing to acquire Vadraj Cement, an ABG Shipyard group company going through the Insolvency and Bankruptcy Code (IBC) process, according to a report by The Economic Times (ET).

The Bombay High Court ordered the winding up of Vadraj Cement in August 2018, leading to the decision to sell the company under the IBC process.

RBI tightens norms, raises risk weights for personal loans and credit cards

RBI tightens norms, raises risk weights for personal loans and credit cards

After cautioning banks and non-banking financial companies (NBFCs) on surging unsecured loans like personal loans and those on the credit card, the Reserve Bank of India (RBI) on Thursday increased the risk weighting for such loans from 100 per cent to 125 per cent.

The risk weighting for bank loans to higher-rated NBFCs too has been increased by 25 percentage points.

19 injured as Vaishali Superfast Express train coach catches fire in UP

19 injured as Vaishali Superfast Express train coach catches fire in UP

A fire broke out in a coach of a passenger train early Thursday, just hours after a blaze in an express train injured 19 in Uttar Pradesh's Etawah district.

"Some people have been taken to a hospital," Etawah Superintendent of Police (SP) Sanjai Kumar said and added that more details are awaited. Earlier it was reported that eight people had been injured.

Ahead of Telangana polls, IT raids at BRS MLA Nallamothu Rao's premises

Ahead of Telangana polls, IT raids at BRS MLA Nallamothu Rao's premises

Ahead of the Telangana assembly polls, the Income Tax officials on Thursday, conducted raids at the residence of Miryalaguda BRS MLA Nallamothu Bhaskar Rao in Telangana.

The raids are underway at Rao's office, residence and some close associates.

Funds over Rs 25,000 cr with Sebi in focus after Subrata Roy's death

Funds over Rs 25,000 cr with Sebi in focus after Subrata Roy's death

The undistributed funds totalling over Rs 25,000 crore lying with the capital markets regulator Sebi's account have come back into focus after the demise of Sahara Group's chief Subrata Roy.

Roy passed away in Mumbai on Tuesday night at the age of 75 after battling a prolonged illness.

WhatsApp channels cross 500 million monthly active users mark: Zuckerberg

WhatsApp channels cross 500 million monthly active users mark: Zuckerberg

The Founder and CEO of Meta, Mark Zuckerberg, on Wednesday announced that WhatsApp Channels has now exceeded a monthly active user base of 500 million.

“500 million monthly activities on WhatsApp Channels in the first 7 weeks! Great to see the WA community so engaged,” said Mark Zuckerberg, while announcing the news on his WhatsApp Channel.

Tata Technologies IPO: Co fixes price band at Rs 475-500 per share

Tata Technologies IPO: Co fixes price band at Rs 475-500 per share

Tata Technologies has set the price band of its initial public offer at Rs 475-500 per share. At the upper end of the price band, the size of the Tata Motors' arm's IPO will stand at Rs 3,042.5 crore, while the company will be valued at Rs 20,283 crore.

The minimum lot size for an application is 30 shares.

ICC Cricket WC: Fans tuck into dosa, biryani as Virat Kohli hits 50th ton

ICC Cricket WC: Fans tuck into dosa, biryani as Virat Kohli hits 50th ton

The ICC Mens Cricket World Cup 2023 is gaining momentum. With Virat Kohli achieving his 50th One Day International century on Wednesday in the semi-finals against New Zealand, cricket fans in the country are in a frenzy.

As the pitch heats up for a grand finale, restaurants and eateries are capitalising on the World Cup frenzy.

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