Gurugram-based supermart listed at Rs 110 on BSE against the issue price of Rs 78
Published Date – 18 December 2024, 11:21 AM
Photo: X
New Delhi: Shares of Vishal Mega Mart Ltd jumped 41 per cent in debut trade on Wednesday against the issue price of Rs 78.
The stock listed at Rs 110, rallying 41 per cent from the issue price on the BSE. Later, it surged 42.24 per cent to Rs 110.95.
At the NSE, it listed at Rs 104, a jump of 33.33 per cent from the issue price.
Vishal Mega Mart’s market valuation stood at Rs 48,644.57 crore.
The Rs 8,000-crore initial public offer of Vishal Mega Mart received 27.28 times subscription on the closing day of bidding on Friday.
The initial public offer (IPO) had a price range of Rs 74-78 apiece.
The IPO of the Gurugram-based supermart major was entirely an Offer-for-Sale (OFS) of shares by promoter Kedaara Capital-led Samayat Services LLP, Samayat Services LLP, with no fresh issue of equity shares.
Vishal Mega Mart’s product range includes both in-house and third-party brands, covering three key categories — apparel, general merchandise and fast-moving consumer goods.
As of June 30, it operates 626 Vishal Mega Mart stores across India, along with a mobile app and website.
Shaikha A J Al-Sabah is the founder of the first licensed yoga studio ‘Daratma’ in Kuwait.
Kuwait City:
Prime Minister Narendra Modi on Sunday met Shaikha AJ Al-Sabah, an avid yoga practitioner and founder of the first licensed yoga studio ‘Daratma’ in Kuwait, and other influencers from the Gulf country.
PM Modi, who arrived here on Saturday on a two-day trip – the first to this Gulf nation by an Indian prime minister in 43 years, also met Fahad Ghazi Alabduljaleel, the President of Kuwait Heritage Society, and appreciated his work in preserving the rare manuscripts and artefacts.
“Met HH Shaikha AJ Al-Sabah in Kuwait. She has distinguished herself for her passion towards Yoga and fitness. She has established her own Yoga and wellness studio, which is quite popular in Kuwait. We talked about ways to make Yoga more popular among the youth,” PM Modi posted on X.
They discussed ways to further popularise yoga, especially among the youth, the prime minister’s office said.
Ministry of External Affairs Spokesperson Randhir Jaiswal said that Shaikha A J Al-Sabah is an avid yoga practitioner and the founder of the first licensed yoga studio ‘Daratma’ in Kuwait.
“They exchanged views on promoting healthy lifestyle through meditation and yoga & ways to deepen the Indian-Kuwait people to people connect,” he said in a post on X.
Prime Minister Modi met with Alabduljaleel, President of the Kuwait Heritage Society, and appreciated his work in preserving the rare manuscripts and artefacts related to Kuwait and India and in strengthening India-Kuwait historical connections.
“In Kuwait, met Mr. Fahad Ghazi Alabduljaleel, who is respected for his passion towards culture and history. He also has an India connection, with his forefathers having linkages with Surat, Mumbai and Kozhikode,” PM Modi said in another post on X.
Their discussions delved into the rich historical ties between India and Kuwait, the prime minister’s office said.
Kuwait also conferred its highest honour – ‘The Order of Mubarak Al-Kabeer’ – on Prime Minister Modi for his role in strengthening the good relations between the two countries.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
According to Government Railway Police (GRP) officials, the body of the man with his head crushed was found on the railway tracks near the Nekkonda railway station
Published Date – 22 December 2024, 07:34 PM
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Warangal: A man died after he fell off a running train between Eluguru- Nekkonda railway stations on Sunday. He was aged about 30 years.
According to Government Railway Police (GRP) officials, the body of the man with his head crushed was found on the railway tracks near the Nekkonda railway station.
The officials believe that the man might have fallen from a train passing through the route in the wee hours. Since the face was completely crushed, it has become difficult for the GRP personnel to identify the body.
The deceased did not have any identification documents on him. The body has been kept at MGM Hospital Mortuary. For details contact 87126 58590, 8712658585.eom
Amid the West-backed Israeli genocidal war on Gaza, which has killed more than 45,000 Palestinians so far, resistance groups in Palestine and across the region continue their operations against the Tel Aviv regime.
The major operations by the Palestinian and regional resistance groups on Saturday, December 21, are as follows:
Al-Qassam Brigades’ operations on Dec. 21:
In a complex operation in the central Jabalia camp, northern Gaza Strip, killed three Israeli soldiers by stabbing them with knives and seizing their personal weapons.
Stormed a house where Israeli forces were holed up and killed two regime soldiers at the entrance, which was followed by fierce clashes between the two sides.
Threw hand grenades at a gathering of Israeli soldiers next to an armored personnel carrier in central Jabalia camp, northern Gaza Strip.
Al-Quds Brigades’ operations on Dec. 21:
Detonated a previously planted explosive device in a military pocket in the city of Jenin, occupied West Bank.
Yemeni military’s operations on Dec 21:
Targeted an important Israeli military site in Tel Aviv with a hypersonic ballistic missile, Palestine 2.
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This was Services’ third straight victory as they beat 10-man Rajasthan to move to nine points and confirm their place in the top four of the six-team group.
Published Date – 21 December 2024, 08:35 PM
Rajasthan and Services players vie for the ball
Hyderabad: Defending champions Services stormed into the quarterfinals of the 78th Senior National Football Championship for the Santosh Trophy with a 2-0 win over Rajasthan in the Group B clash at Deccan Arena on Saturday.
This was Services’ third straight victory as they beat 10-man Rajasthan to move to nine points and confirm their place in the top four of the six-team group. Earlier in the day, Jammu & Kashmir kept themselves alive with a commanding 3-0 win over Telangana.
The hosts, who only have one point so far, became the first team to be eliminated in the group stage. Jammu & Kashmir are now in fourth place with four points. Manipur showcased excellent performance after their shocking loss to Manipur in the first match, since then it has been smooth sailing for the defending champions.
Sreyas VG opened the scoring in the 20th minute and Vijay J’s strike in the 85th minute sealed the win.
Rajasthan forward Youraj Singh picked up two bookings in the 50th and 57th minute to be sent off. Jammu & Kashmir, who led at half-time thanks to Hayat Bashir’s fifth-minute opener, also had it straightforward against hosts Telangana. Arun Nagial and captain Aakif Javaid scored in the 74th and 88th minute of the game.
Results: Telangana 0 lost to Jammu & Kashmir 3 (Hayat Bashir 5’, Arun Nagial 74’, Aakif Javaid 88’); Rajasthan 0 lost to Services 2 (Shreyas VG 20’, Vijay J 85’).
Initial information indicates that the aircraft was a Piper PA-42 Cheyenne, with registration PR-NDN, but it has not yet been possible to confirm this information. At the time of the crash, the city of Canela was experiencing heavy rain, fog and reduced visibility, aeroin website reported.
Sources at the Military Police confirmed to AEROIN that the aircraft crashed and that it hit a store and a hotel. So far, one fatal victim has been located, but there are no details as to whether it was one of the plane’s occupants or someone on the ground.
The place where the waterfall falls is Avenida das Hortênsias, which connects Canela to Gramado, the two most famous cities in the Serra Gaúcha, and which are very popular with tourists this year for the traditional Christmas celebrations.
Preliminary data from the AirNay Radar platform indicate that the aircraft with registration PR-NDN took off from Canela at 9:12 am, made a right turn in an initial climb, but soon after entered a descending trajectory, reaching a descent rate of 3,000 feet (914 m) per minute, until the signal was lost by the local tracker, the report added.
The report said that Hyderabad also stands out for its investor success, boasting the third-highest percentage of portfolios in green, with 84 percent of its investors seeing positive returns among the top 10 cities
Published Date – 18 December 2024, 04:01 PM
Hyderabad: Hyderabad not only leads in recording the highest ratio of women investors at 45 percent in crypto but also ranks as the fourth-largest contributor to India’s crypto investments in 2024, the annual investor report ‘India’s Crypto Portfolio 2024: How India Invests’ published by CoinSwitch, said.
The report, which deep-dives into India’s diverse crypto ecosystem and highlights the country’s growing engagement with digital assets, said that Hyderabad also stands out for its investor success, boasting the third-highest percentage of portfolios in green, with 84 percent of its investors seeing positive returns among the top 10 cities, press release said.
“At CoinSwitch, we’ve witnessed a spike in crypto investment across India. What was once concentrated in major metros is now quickly expanding to Tier-2 and Tier-3 cities, reflecting the growing appeal. With Bitcoin crossing the $100,000 mark to close out the year, it sets the stage for an exciting journey of growth in 2025.” said Balaji Srihari, vice president, CoinSwitch, in a press release said.
Some areas recorded AQI levels as high as 474. (File)
New Delhi:
Delhi’s air quality deteriorated on Sunday with the 24-hour average Air Quality Index (AQI) reaching the ‘severe’ category at 409 at 4 pm, Central Pollution Control Board (CPCB) data showed.
On Saturday, the AQI was recorded at 370, placing it in the ‘very poor’ category.
An AQI between zero and 50 is considered ‘good’, 51 and 100 ‘satisfactory’, 101 and 200 ‘moderate’, 201 and 300 ‘poor’, 301 and 400 ‘very poor’, and 401 and 500 ‘severe’.
The capital on Sunday experienced dangerously high levels of PM2.5, the primary pollutant, with 37 out of 39 monitoring stations reporting air quality in the ‘severe plus’ category.
Some areas recorded AQI levels as high as 474.
PM2.5 particles, which are 2.5 micrometres or smaller in diameter, can penetrate deep into the lungs, posing significant health risks.
Delhi remains under Stage IV of the Graded Response Action Plan (GRAP), which includes stringent anti-pollution measures such as a complete ban on construction activities and restrictions on non-essential polluting trucks entering the city.
Meanwhile, the weather office has forecast cloudy sky with light rain on Monday, with temperatures expected to range from a high of 20 degrees Celcius to a low of 7 degrees Celcius.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
“The decision was taken to protect and promote the rights of consumers as a class and ensure that no false or misleading advertisement is made of any goods or services which contravenes the provisions of the Consumer Protection Act,” according to an official statement issued on Sunday
Published Date – 22 December 2024, 03:04 PM
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New Delhi: The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 2 lakh for misleading advertisement on Shubhra Ranjan IAS Study regarding the UPSC Civil Service Exam 2023 and has directed the coaching institute to discontinue the misleading advertisements with immediate effect.
“The decision was taken to protect and promote the rights of consumers as a class and ensure that no false or misleading advertisement is made of any goods or services which contravenes the provisions of the Consumer Protection Act,” according to an official statement issued on Sunday.
“In view of the violation of the Consumer Protection Act, 2019, the CCPA, headed by Chief Commissioner Nidhi Khare, and Commissioner Anupam Mishra has issued an Order against Shubhra Ranjan IAS Study for misleading advertisement regarding UPSC Civil Service Exam 2023,” the statement said.
Coaching Institutes and online edtech platforms use pictures and names of successful candidates to influence prospective aspirants, without disclosing the courses opted by such candidates or the fees paid by them and the length of the course so attended, the statement pointed out.
Shubhra Ranjan IAS Study in its advertisement made the following claims: 13 students in the Top 100, 28 students in the Top 200, and 39 students in the Top 300 in UPSC CSE 2023. Further, the advertisements prominently depicted photographs and names of the successful candidates of the UPSC Civil Service Exam 2023, without mentioning any information about the specific course opted for by such candidates.
Shubhra Ranjan IAS Study prominently displayed successful candidates’ names and pictures and simultaneously advertised various types of courses provided by them on its official website.
However, the information concerning the course opted by the said successful candidates in the UPSC Civil Service exam 2023 was not disclosed in the advertisement. The institute offers nearly 50+ courses.
However, the DG Investigation report found that most of the claimed successful students took the Political Science and International Relations (PSIR) crash course and test series which comes into play after clearing the preliminary examination. By deliberately concealing information about the specific course opted by each of the successful candidates, the Institute made it look like all the courses offered by it had the same success rate for the consumers, which was not right.
It is the right of the consumer to be informed about the specific course that successful candidates have taken from the coaching institute to make it into the final selection of CSE. For the potential consumers, this information would have contributed to their making an informed choice about the course to opt for their success at CSE.
Section 2(28) (iv) of the Consumer Protection Act, 2019, defines misleading advertisements, including those which involve “deliberately concealed important information.”
Information regarding the specific course opted by successful candidates is important for the consumers to know so that they can make informed choices while deciding which course and coaching institute to join.
The institute also used terms such as “Shubhra Ranjan IAS” and “Students of Shubhra Ranjan IAS” in its advertisements and letterheads, creating a deceptive impression that Mrs Shubhra Ranjan is or was an IAS officer.
This constitutes a misrepresentation and unfair trade practice under the Consumer Protection Act 2019, thereby misleading the public and potential students into believing that the services or guidance provided by them are directly associated with the credibility of an IAS officer, the statement said.
The Institute submitted that it was a clerical mistake, which is not tenable as the term Shubhra Ranjan IAS or @shubhraranjanias has been frequently used on its letterheads and in its advertisements.
The institute utilized deceptive practices to create a perception of exceptional quality and success. An advertisement should be a truthful and honest representation of facts by making disclosures in such a manner that they are clear, prominent and extremely hard to miss for viewers to notice, the statement added.
Speaking to media persons here on Sunday, Hyderabad Police Commissioner, CV Anand, said the police are serious in registering the First Information Report (FIR) and investigating all the offences
Published Date – 22 December 2024, 07:50 PM
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Hyderabad: The crime rate in Hyderabad has gone up by around 41 per cent during the current year with cases of bodily crimes, property crimes, child sexual abuse cases and cybercrimes showing a drastic rise.
The Hyderabad police registered 35,944 cases in the year 2024 as compared to 25,488 cases the previous year. The bodily crime cases registered were 8,447 this year while last year 5098 cases were booked and 5,328 property crime cases were registered this year compared to the previous year when 3551 cases were booked.
Speaking to media persons here on Sunday, Hyderabad Police Commissioner, CV Anand, said the police are serious in registering the First Information Report (FIR) and investigating all the offences.
“Due to free registration of the FIR there is increase in the number of cases. The population of the city is also growing,” he said.
The police are adopting a zero tolerance approach to any crime and all the wings of the city police are seriously following the cases.
“Cases are registered for cell phone snatching and dedicated teams are apprehending and arresting the offenders. Organized crimes have come down in the city and activities of all the rowdy sheeters are under surveillance and control,” said Anand.
With regard to the bouncers, the Hyderabad Commissioner said the ‘service providers’ should ensure the bouncers behaved properly. “During Sandhya theatre incident, everyone had seen how rudely these people were behaving with the crowds. Strict action will be taken against them, if they fail to comply with the laws,” warned Anand.
