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Yesterday’s big news was related to Bajaj Housing Finance Limited. Bajaj Housing Finance Limited, a subsidiary of Bajaj Finance, is preparing to launch Initial Public Offering i.e. IPO soon. The company wants to raise Rs 7,000 crore through this IPO.
At the same time, the Reserve Bank of India i.e. RBI was the world’s third largest buyer of gold in May. According to the World Gold Council, last month India bought gold worth about Rs 722 crore. Only Switzerland and China bought more gold than India.
Before tomorrow’s big news, today’s major events to keep an eye on…
- The stock market will remain closed today (Sunday).
- There has been no change in the prices of petrol and diesel.
Now read tomorrow’s big news…
1. Bajaj Housing Finance submitted draft papers with SEBI: The company wants to raise Rs 7,000 crore through IPO.
Bajaj Housing Finance Limited, a subsidiary of Bajaj Finance, is preparing to launch Initial Public Offering i.e. IPO soon. The company has filed Draft Red Herring Prospectus (DRHP) papers with the Securities and Exchange Board of India (SEBI) to launch the IPO.
The company wants to raise Rs 7,000 crore through this IPO. Bajaj Housing Finance has given this information in its exchange filing. According to the company’s DRHP, the proposed IPO of Bajaj Housing Finance will involve a fresh issue of equity shares worth up to Rs 4,000 crore.
Click here to read the full news…
2. India bought gold worth Rs 722 crore in May: Third largest buyer in the world, Switzerland tops it.
The Reserve Bank of India (RBI) was the world’s third largest buyer of gold in May. According to the World Gold Council, last month India bought gold worth about Rs 722 crore. Only Switzerland and China bought more gold than India.
In the last 5 financial years, India increased its gold reserve by about 204 tonnes. The country’s gold reserve was 618.2 tonnes in March 2019, which increased by 33% to 822.1 tonnes on March 31, 2024. However, during this period the prices of gold have increased by about 70%.
Click here to read the full news…
3. Chandrababu family’s wealth increased by ₹858 crore in 5 days: Shares of Heritage Foods, which holds 35.71% stake, rose 55%; Confidence increased due to victory in Andhra-Centre
The wealth of Chandrababu Naidu family has increased by Rs 858 crore in the last 5 days alone. According to media reports, this has happened due to a 55% jump in the shares of Heritage Foods during this period. The promoter of Heritage Foods is Nara Lokesh, son of party chief Chandra Babu Naidu. Chandrababu Naidu will take oath as the Chief Minister of Andhra Pradesh on June 12.
Heritage Group was founded in 1992 by Chandrababu Naidu. This company works in dairy, retail and agri segments. Telugu Desam Party (TDP) chief Chandrababu Naidu has had a stellar performance in the recently held Andhra Pradesh Assembly and Lok Sabha elections. This has increased the confidence of investors in his company.
Click here to read the full news…
4. Co-founder Sachin Bansal exits Ather Energy: Sachin sold his remaining 7.5% stake to Nikhil Kamath of Hero and Zerodha.
Flipkart co-founder Sachin Bansal has sold his remaining 7.5% stake in electric two-wheeler company Ather Energy. Now he has no stake left in Ather Energy Private Limited.
According to the Economic Times report, Bansal has sold his stake to Hero MotoCorp and Zerodha co-founder Nikhil Kamath. Bansal was among the early investors in Ather Energy and has invested around Rs 400 crore in the company since 2014.
Click here to read the full news…
5. TVS recalled 45 thousand i-Cube electric scooters: Recalled due to defect in the chassis bridge tube, company will also change parts for free.
TVS Motor has issued a recall for its popular electric scooter i-Cube. This recall of the company includes electric scooters manufactured between July 10 and September 9, 2023.
TVS has not disclosed the exact number of scooters affected by this recall. However, media reports claim that the recall may involve around 45,000 units.
Click here to read the full news…
6. Poco’s cheap smartphone will be launched on June 11: Poco M6 will have 108MP pro-grade dual rear camera, expected price ₹ 10,758
Tech company Poco is going to launch a new cheap 4G smartphone in the M series in the global market on June 11. The brand has released a teaser on social media platforms. It also has specifications and price details. It is being told that this phone is a rebranded version of Redmi 13 4G.
It will have 108MP pro-grade dual rear camera and 33W fast charging support. Poco M6 4G is shown in the teaser with three color options – Black, Purple and White. There is a dual rear camera setup and LED flash on the back panel of the smartphone.
Click here to read the full news…
Also see who were the top 10 richest people in the world yesterday…
The market was closed on Saturday, so know the condition of share market and gold and silver on Friday…
Know the latest price of petrol, diesel and gas cylinder…
