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The first Satellite of Indian Regional Navigation Satellite System (IRNSS) constellation,IRNSS-1 will be launched by PSLV-C22,said DoS Secretary and Chairman of Indian Space Research Organisation (ISRO) K Radhakrishnan. According to ISRO officials,IRNSS is an independent regional navigation satellite system,designed to provide position accuracy of better than 10 metres over India and the region extending about 1500 km around the country.",
Through the offer, FSN E-Commerce Ventures aims to raise Rs 5,352 crore. The Nykaa IPO comprises of a fresh issue of equity shares worth Rs 630 crore and an offer for sale (OFS) of 41,972,660 equity shares by promoter and existing shareholders.",
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.”"
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Christie’s says it has auctioned off a digital collage by an artist named Beeple for nearly million, in an unprecedented sale of a digital artwork that fetched more money than physical works by many better known artists.",
Jimmy Kimmel is ready to host the Oscars again, completing a trilogy that started with him presiding over the chaotic “envelope-gate” ceremony."
The shares which are to be allocated for the qualified institutional buyers (QIBs) was subscribed 28.64 times, while the portion for non institutional investors was subscribed 4.02 times and that of retail individual investors (RIIs) was subscribed around 88 per cent or 0.88 times, the data showed."
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