Hyundai Motor India’s IPO subscribed 2.34 times on final day-Telangana Today

According to the latest provisional data, the Qualified Institutional Buyers (QIB) portion was subscribed 6.94 times, while Non-Institutional Investors (NII) subscribed 0.57 times and retail investors subscribed 0.48 times. The IPO saw a 42 percent subscription on its second day, following an 18 percent subscription on the first day. The price band for the IPO was set at Rs 1,865 to Rs 1,960 per share.





Updated On – 17 October 2024, 07:26 PM


Hyundai Motor India’s IPO subscribed 2.34 times on final day


Mumbai: Hyundai Motor India Ltd‘s initial public offering has been subscribed 2.34 times till 4 p.m. on its third and last day on Thursday as the qualified institutional buyers (QIB) portion in the IPO was subscribed nearly 7 times.

According to the latest data (provisional), the reserve portion for the QIB was subscribed 6.94 times, non-Institutional Investors (NII) subscribed 0.57 times, and retail investors subscribed 0.48 times.


The IPO was subscribed 42 per cent on its second day and 18 per cent on the first day. The IPO price band was fixed at Rs 1,865-Rs 1,960 per share.

This IPO is a pure offer for sale (OFS). It is the first offer from an automaker to list in India in over two decades. Due to being OFS, the entire proceeds will go to the promoter.

Ahead of the public issue, Hyundai Motor India raised Rs 8,315 crore from anchor investors on Monday. It allotted 4.24 crore shares at Rs 1,960 apiece to 225 anchor investors, according to a company statement.

Hyundai Motor India held a 14.6 per cent market share in the domestic passenger vehicle (PV) market in Q1 FY25, second to Maruti Suzuki which has a 41 per cent share in this category. However, Hyundai Motor India is the market leader by volume in the mid-size SUV segment with around 38 per cent share as on June’24. It is also India’s second-largest exporter of PV from April 2021 to June 2024.

In FY 2023-24, Hyundai Motor India sold 7.77 lakh vehicles, of which 21 per cent was exported to countries like Africa, the Middle East, Europe and Latin America. The company has 1,366 sales points and 1,550 service outlets in India. Its revenue in the last financial year was Rs 69,829 crore. During this period, the company made a profit of Rs 6,060 crore and Its margin was around 13 per cent. Hyundai Motor India’s revenue in the Q1 of FY 2024-25 was Rs 17,344 crore. From April to September, the company made a profit of Rs 1,489 crore and its margin was 13.5 per cent.

‘Wake up Telangana, wake up’: KTR faults Congress on unfulfilled promises

Challenges government to prove its claim of 100 per cent loan waiver, stating that if they could, he would be ready to resign

Published Date – 22 December 2024, 10:02 AM


‘Wake up Telangana, wake up’: KTR faults Congress on unfulfilled promises

BRS working president KT Rama Rao

Hyderabad: In a sharp reminder to the government about the plight of farmers on a desperate wait for the promised loan waiver, BRS working president KT Rama Rao criticised the ruling Congress for its claims of providing 100 per cent debt relief to the peasant community in the State.

Questioning the integrity of the government on the implementation of the guarantees given by the Congress, he wanted to know whether lies become truth just because they are spoken in the Assembly.


He pointed out that farmers are still taking to the streets because the loan waiver has not been implemented. He challenged the government to prove its claim of 100 per cent loan waiver, stating that if they could, he would be ready to resign.

The government has not accepted this challenge and has failed to provide answers to the farmers. He questioned as to why the farmers would need to protest on the roads if the loan waiver had indeed been implemented.

In a post on X, the BRS leader shared a clipping from a vernacular daily that highlighted farmers squatting in the middle of the road, protesting against the government’s failure to fulfil its assurance of waiving loans within 100 days of assuming power.

He called for the fight against the government should begin from Indravelli, a land of struggles, and Adilabad, the mother of forests. He invited the government to settle the accounts of their so-called loan waiver in front of the farmers sitting on the Dhanora road.

He urged the people of Telangana to be wary of a government that has proven every guarantee it made to be a myth. Listing the unfulfilled promises by the Congress government, he stated that the assurance given for loan waiver proved to be a myth.

So is the case with Rythu Bharosa of Rs 7,500, one thola of gold, Rs 2,500 for women, Rs 4,000 support as Aasara pensions and Rs 6,000 as pension for the differently-abled. “Wake up Telangana, wake up!”, he appealed to the people calling them to action.

Iran not to abandon its friends

Iran’s political approach is not based on “pragmatism” but rather on the Islamic approach with its high values ​​in keeping promises and agreements with people. For instance, the God Almighty says, “fulfill your promises, because, you will be questioned about them on the Day of Judgment.”

The master of the resistance martyrs, Martyr Sayyed Hassan Nasrallah, has also expressed this Islamic method, “We are the people of honesty and loyalty, and people who adhere to our positions… This is how we have been and this is how we will be!”

Accordingly, “honesty” is the method of Islamic governance. This “honesty” is one of the sources of the power of Islam and system of governance in the Islamic Republic of Iran.

During the trip of the former Soviet Union’s Foreign Minister Eduard Shevardnadze to Iran in the 1980s, who was carrying a letter to the late founder of the Islamic Revolution Imam Khomeini (RA), he refused to receive the letter and left the meeting room, leaving his guest in the room. Of course, it was not that he did not want to honor his guest, rather, the late Imam Khomeini (RA) understood the content of the letter in compromising the religious values of the country.

In 2019, Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei, by following the same behavior of the late Imam Khomeini (RA), said after receiving the then US President Donald Trump’s letter – which was brought by Japanese President Shinzo Abe, “I personally do not consider Trump worthy of exchanging any message, and I do not have and will not give him any response!” This is the way Islam treats others. When Iran’s guest, martyr Ismail Haniyeh, was assassinated on the soil of Iran, Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei insisted on the importance of avenging his (Martyr Haniyeh) blood; because Islam supports its guest and respects the blood of Muslims.

Therefore, the entire history of the Islamic Revolution of Iran and its relations with the world reflects this value, the title of “honesty”, which is considered one of the reasons for the victory of the Islamic Revolution and its continuation.

Islam values ​​relationships with others and respecting them in the administration of the country and the government’s interaction with other countries, and this method of governance is mentioned in the sublime statement of Imam Ali (AS) in his covenant with his governor in Egypt, Malik Ashtar (May Allah be pleased with him), who said: “People are of two types: either they are your brothers in religion or they are similar to you in creation. By heeding this administrative advice of Imam Ali (AS), the Muslim ruler is capable of interacting with others, regardless of their ethnicity, religion, or appearance. On the other hand, Islam rejects betrayal. The God Almighty has said in verse 58 of Surah Anfal, “Indeed, God does not like traitors.”

So, how is it possible for a Muslim to betray for any reason and under any circumstances?! The United States and Western countries have tried to deceive the Islamic Republic of Iran with a series of concessions and in return, ask them to give up their strategic support for the resistance in the region! In response to these efforts, Imam Khamenei said, “Presence in regional issues is our strategic depth; this itself is a means of strengthening the Establishment; it is a means of the Establishment’s power; how can we give up this?!”

He (Leader) also emphasized, “Failing to face America or any other power in order to remain immune from sanctions is a big mistake and a blow to political power.”

The Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei also rejected the change in Iran’s relationship with Russia due to Western sanctions on Russia and emphasized preserving the principles of the Islamic Revolution in relations with the world.

Despite the severity of sanctions on Iran and the Iranian nation, this country (Iran) has continued its support for all resistance groups in Iraq, Lebanon, Yemen, Palestine, and Syria. The cost of this support is dangerous and serious, because it is a confrontation with the Global Arrogance manifested in the United States, Israel, Western countries, and their mercenaries in the region. When the world’s media outlets mention the name of a resistance group, they add the phrase: “under the support of Iran.” All the resistance groups also explicitly announce this support and its source.

Media outlets hostile to the issue of Palestine and Islam claim that Iran has abandoned former Syrian President Bashar al-Assad and has not supported him in defending Damascus in recent events. This is nothing more than an illusion, because first of all, the change of regime in Syria is not in the interest of Iran and Hezbollah, and regardless of how Bashar and his government have behaved in recent events, they have previously been supporters of the resistance and Hezbollah, and despite the severity of the sanctions imposed on them, they had preserved Syria’s weapons and institutions.

Former Syrian President Bashar al-Assad did not embrace the countries that were accommodating and normalizing their relations with the Zionist regime, and he did not give up the resistance and Iran. Of course, it goes without saying that Bashar al-Assad’s replacement is nothing more than a terrorist figure, whether he cuts his beard or grows it long! The second point in this regard is that Iran had previously advised Bashar al-Assad about the necessity of the opposition’s participation in the government based on the Astana agreement but Bashar al-Assad believed that there were no individuals among the opposition who deserved to participate in the government.

Undoubtedly, the developments in Syria were planned in the American and Zionist think tank with the help of Turkey, and changed the regional equations in favor of America and Israel, and influenced the developments and achievements of Al-Aqsa Storm Operation; but the question is: “Is Al-Aqsa Storm Operation over?”

As much as the enemies of the Islamic Ummah plan to save themselves from the consequences of Al-Aqsa Storm Operation, it is observed that the Axis of Resistance have not laid down their weapons and the road is still long and capabilities and possibilities of the resistance are superior to those of the Zionist enemy, which has been hit by the resistance for nearly a year and military bases of the criminal Zionist regime are still threatened and weapons of resistance are still in hands of Resistance Front! None of us will abandon our friends and will not appease the enemy about them.

Director of Iraq’s al-Ittihad Strategic Research Center Mahmoud Al-Hashemi

MA

CM Cup: Secunderabad teams clinch netball titles

In the finals, the men edged out Amberpet 35-31, while the women secured a hard-fought 33-30 victory over Amberpet, completing a double trophy sweep

Published Date – 19 December 2024, 05:54 PM


CM Cup: Secunderabad teams clinch netball titles


Hyderabad: Secunderabad’s men’s and women’s teams triumphed in the Netball CM Cup Mandal Tournament at Kachiguda Junior College Ground, Hyderabad, on Thursday.

In the finals, the men edged out Amberpet 35-31, while the women secured a hard-fought 33-30 victory over Amberpet, completing a double trophy sweep.


Results: Finals: Men’s: Secunderabad 35 bt Amberpet 31; Women’s: Secunderabad 33 bt Amberpet 30; Semifinals: Men’s: Amberpet 28 bt Golconda 23; Secunderabad 32 bit Himayatnagar 29; Women’s: Secunderabad 26 bt Golconda 20; Amberpet 23 bt Himayatnagar 19.

Tata Institute Of Fundamental Research Invites Applications For Multiple Positions, Check Details

Tata Institute Of Fundamental Research Invites Applications For Multiple Positions, Check Details

Tata Institute of Fundamental Research Recruitment 2024: The drive aims to fill 26 positions.

Tata Institute Of Fundamental Research Recruitment 2024: The Tata Institute of Fundamental Research (TIFR), a premier research institute in India, is inviting applications for various positions, including Engineers, Scientific Officers, Technical Assistants, Administrative Officers, and more. The recruitment drive offers an excellent opportunity to work in science, technology, and innovation. It aims to fill 26 positions. Interested and eligible candidates can submit their applications by visiting the official website

Key Details:

Positions Available:

  • Engineer (C) (Mechanical): 1- Pay Level 10, Rs 1,13,970
  • Engineer (C) (Civil): Pay Level 10, Rs 1,13,970
  • Scientific Officer (C): Pay Level 10, Rs 1,13,970
  • Administrative Officer (C) (Legal): Pay Level 10, Rs 1,13,970
  • Technical Assistant (B) (Electrical): Pay Level 6, Rs 70,290
  • Tradesman (B)- (Turner, Electrician, etc): Pay Level 3, Rs 45,219
  • Clerk
  • Work Assistant (Technical)

Eligibility:

  • Reservations are available for SC, ST, OBC, PWBD, and EWS candidates as per government norms.
  • Age relaxations apply for eligible candidates based on Government of India rules.
  • Applicants must attach relevant documents for age relaxation claims where applicable.

Important Note:

  • SC/ST/OBC/PWBD/EWS candidates may apply for unreserved positions but must meet the age and eligibility criteria for such posts.
  • Any updates or corrigenda will be published exclusively on the official website.

For detailed information on qualifications, experience, and the application process, visit the TIFR Recruitment Page.


French firm Alstom delivers first driverless train for Chennai Metro Phase-II-Telangana Today

The trains are designed to run on the 26 km corridor, a segment of Phase-II linking Poonamallee Bypass to Light House via 28 stations

Published Date – 18 October 2024, 09:08 AM


French firm Alstom delivers first driverless train for Chennai Metro Phase-II

The trainsets produced at the Sri City facility in neighbouring Andhra Pradesh are part of the Centre’s ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives. — Photo:X

Chennai: French multi-national Alstom, a leader in smart and sustainable mobility, has delivered the first driverless trainset to the Chennai Metro Rail Phase II project, a top official said.

Alstom bagged orders to produce 36 trains, each comprising three cars, in February this year. The trains are designed to run on the 26 km corridor, a segment of Phase-II linking Poonamallee Bypass to Light House via 28 stations of which 18 are elevated and 10 underground, the company said in a statement.


The trainsets produced at the Sri City facility in neighbouring Andhra Pradesh are part of the Centre’s ‘Make in India‘ and ‘Atmanirbhar Bharat’ initiatives.

The project is valued at Euro 124 million which include training the Chennai Metro personnel in operation and maintenance. These trains would offer an efficient, environment friendly and comfortable solution for passengers of Chennai, a company statement said.

“Chennai Metro has become a beacon of efficient and reliable transportation, transforming daily commutes for its residents. We are proud to support this vision by delivering world-class Made-in-India driverless metro trains that not only elevate the commuter experience but also drive sustainable mobility by reducing emissions and easing road congestion,” Alstom India Managing Director Olivier Loison said.

The trains have been designed in Bengaluru and are built at the manufacturing facility in Sri City, Tada, Andhra Pradesh. “As India’s trusted partner in advancing sustainable transportation, Alstom is committed to strengthening this partnership and reshaping Chennai’s mass transit landscape for a greener future,” Loison added.

In 2010, Alstom delivered 208 metro cars for Phase I of the Chennai Metro Rail project. With the delivery of first trainset of Chennai Metro Phase II, Alstom continues to solidify its commitment to transforming the mobility landscape of Chennai, driving the city towards a more connected and sustainable future.

‘All wars have rules. All of those rules have been broken’ by Israel

Philippe Lazzarini, the head of the UN’s agency for Palestinian refugees (UNRWA), says there has been an “escalation” in Israel’s war on Gaza over the past 24 hours as the Israeli military keeps pounding the blockaded territory.

In a post on X on Sunday, Lazzarini reiterated his calls for a ceasefire, saying that “the world must not become numb.”

The UNRWA chief said Israel has violated all rules of engagement with attacks on schools and hospitals.

“All wars have rules. All of those rules have been broken,” he stated.

“A ceasefire is long overdue—a respite for civilians wherever they are including across Gaza & the immediate release of hostages. Enough time was wasted,” he stated.

At least seven people were killed and several others injured after an Israeli airstrike targeted tents housing the displaced Palestinians in the al-Mawasi refugee camp, near Khan Yunis, southern Gaza.

In central Gaza, a similar strike on a school northwest of the Nuseirat refugee camp caused several fatalities.

The regime’s artillery also shelled several areas across Gaza, leaving an unknown number of Palestinians dead or injured.

Israel launched the war on Gaza on October 7, 2023, after Hamas-led resistance groups waged the surprise Operation al-Aqsa Flood against the occupying entity in response to its decades-long campaign of devastation against Palestinians.

The regime’s bloody onslaught on Gaza has so far killed 45,227 Palestinians, mostly women and children, and injured 107,573 others. Thousands more are also missing and presumed dead under rubble.

The Tel Aviv regime has also imposed a “complete siege” on the territory, cutting off fuel, electricity, food and water to the more than two million Palestinians living there.

The Israeli military has completely destroyed 70 percent of buildings in the Jabalia refugee camp as the occupying regime continues with its deadly aggression against northern Gaza.

Amos Harel, a military affairs analyst, wrote in the Israeli daily Haaretz on Sunday that the Jabalia refugee camp has become a “ghost town” amid Israel’s deadly offensive in the area.

Happy 50th: Iconic Wankhede Stadium to celebrate Golden Jubilee

MCA announces week-long celebrations from January 12 to 19, marking five decades of iconic cricketing history

Updated On – 19 December 2024, 05:55 PM


Happy 50th: Iconic Wankhede Stadium to celebrate Golden Jubilee

MCA president Ajinkya Naik, and other Apex Council Members are leading the way as they prepare for the landmark event.

Mumbai:  The Mumbai Cricket Association (MCA) on Thursday announced plans to celebrate the 50th anniversary of the iconic Wankhede Stadium here from January 12 to 19. A special logo was unveiled by the association here at the stadium during a function by the MCA officials and its apex council members.

“Built in 1974, Wankhede Stadium stands as one of the world’s most iconic cricketing venues, having witnessed monumental moments in cricket history. From Sachin Tendulkar’s final international match in 2013 to India’s historic 2011 ODI World Cup triumph, the stadium has been home to countless memories,” the governing body said.


There will be multiple functions on different days to mark the celebrations while a special postal stamp will also be released. Maharashtra chief minister Devendra Fadnavis and former MCA president and ex BCCI treasurer Ashish Shelar will also be felicitated during the eight-day event.

A cricket match will be held between MCA officials and Consul Generals and government officials on January 12. “We are going to felicitate all the MCA groundsmen and host a lunch for them because they are like unsung heroes. There are also a few others like security people of the MCA who have been working for long time and the MCA staff, we are going to felicitate everybody on January 15,” president Ajinkya Naik said.

A coffee table book will be launched on January 19 along with a music show from Ajay-Atul. Since free entry cannot be facilitated owing to anticipation of a big crowd turnout as witnessed in the past, the fans will have to purchase tickets priced at Rs 300 for the event, which will also have several current and former Mumbai and India players along with Bollywood celebrities on January 19.

Meanwhile, Naik also confirmed that the governing body will celebrate legendary Sunil Gavaskar’s 75th birthday after a date is confirmed.

Snack Food Epigamia Founder Rohan Mirchandani Dies Of Cardiac Arrest At 41

Snack Food Epigamia Founder Rohan Mirchandani Dies Of Cardiac Arrest At 41

Epigamia founder Rohan Mirchandani died of a cardiac arrest

New Delhi:

Snack foods firm Epigamia’s founder Rohan Mirchandani died of a cardiac arrest on Saturday. He was 41. Drums Food International Pvt Ltd, which owns the healthy eating brand known for its flavoured yoghurt and juices, in a statement requested the media and the public to respect the privacy of Mirchandani’s family during this difficult time.

The senior leadership of Epigamia led by COO and founding member Ankur Goel and co-founder and director Uday Thakker continues to steer the company’s day-to-day operations with the full support of the board of directors, including Mirchandani’s family, Raj Mirchandani, Verlinvest, and DSG Consumer Partners, Drums Food International said in the statement.

“All of us at the Epigamia family will deeply mourn this loss. Rohan was our mentor, friend, and leader. We remain steadfast in our determination to carry forward his dream with strength and vigor. Rohan’s vision and values will continue to guide us as we work together to honor the foundation he built and ensure that his dream continues to flourish,” Mr Goel and Mr Thakker said in a joint statement.

The Epigamia board said Mirchandani was not only a visionary leader, but also an inspiration to everyone who had the privilege of knowing him.

“His unwavering commitment, boundless energy, and deep passion for Epigamia have left an indelible mark on all of us. We will work closely with the leadership of the company to take Rohan’s legacy to greater heights,” the board said, adding Mirchandani’s unparalleled contributions to the industry and his visionary leadership will forever remain a source of inspiration for all who knew him.

Epigamia products do not have any artificial colours or preservatives and are made of real fruit pulp, the company says on its website.