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The shares which are to be allocated for the qualified institutional buyers (QIBs) was subscribed 145.48 times, while those of non institutional investors was subscribed a whopping 850.66 times and that of retail individual investors (RIIs) was subscribed 119.44 times. Separately, shares for the employees’ segment was subscribed 3.87 times, the data showed.",
Equity benchmarks indices Sensex and Nifty ended marginally down on Thursday due to losses in Reliance Industries, Bajaj Finance and Maruti as investors remained cautious amid surging Omicron cases.",
On Thursday, the rupee settled at 82.76 against the US dollar, falling for the fourth day in a row."
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Dhiraj Relli, MD & CEO at HDFC Securities said, “In a surprise meeting today, RBI announced a repo rate hike by 40 bps (to 4.4%) and an increase in the CRR rate by 50 bps. RBI is no longer behind the curve to react to rising inflation numbers. In terms of timing, it took everyone by surprise and the hike of 40 bps is higher than the market expectation of 25 bps in the June Meet. This apart, the increase in CRR by 50 bps will withdraw Rs 87,000cr liquidity in the system. Immediately on the announcement, all interest-rate sensitive stocks fell sharply including Banks, Auto, Real estate, etc. Coming ahead of the US Fed announcement due today, the RBI has taken the lead for the time being after being blamed for being behind the curve by some economists. Nifty could remain under pressure for some time.”",
To achieve a higher resolution display, Apple will apparently reduce the size of bezels and make the screen a bit taller than the one seen on its predecessor. The Apple Watch Series 4 will also feature a higher PPI, which also contributes to the higher resolution."
Punjab National Bank is the second public sector lender to go live in the ecosystem, acting as Financial Information User (FIU) and Financial Information Provider (FIP), the bank said on Thursday."
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