Jio Platforms is reportedly seeking a valuation of around Rs 11 lakh crore for its planned IPO, below earlier estimates of up to $170 billion. The telecom and digital services arm of Reliance Industries could launch the issue in the week of October 19 and list before October 30, Bloomberg reported.
Three players, Abhishek Sharma, Shubman Gill, and Sikandar Raza, have been shortlisted by ICC for the Player of the Month award. Abhishek Sharma excelled in the T20I series against Afghanistan with his exceptional performances. He notably set a record for the fastest T20I century, scoring 108 runs from 45 balls. Shubman Gill also shined in ODIs against West Indies, achieving remarkable batting averages.
Britain could expel Israeli diplomats if Israel follows through on its order to shut the British consulate in East Jerusalem this week, according to sources cited by Reuters. The dispute stems from Britain’s planned ban on trade in goods from Israeli settlements in the occupied West Bank, with the consulate’s 30-day closure deadline ending on Thursday.
According to a press release, BRS former Corporation Chairman Manne Krishank has demanded a comprehensive investigation by the Enforcement Directorate (ED) into the alleged business interests, assets and financial transactions of the Telangana Chief Minister and his family members.
GST 2.0 reforms are being advocated by industry chambers to improve input tax credit and streamline compliance processes. Businesses desire changes that would expedite refunds, broaden ITC eligibility, and reduce litigation issues. A more automated GST system is sought to alleviate working capital constraints and simplify registration and returns for small businesses. Real estate developers also seek clarity on ITC and faster credit releases to enhance project viability.
Orient Cables' shares faced a notable drop of 10% soon after a promising IPO launch, leading to a dip in investor sentiment. However, the stock continues to hold firm above the initial issue price of Rs 272. Analysts are now focused on the firm’s capability to maintain revenue growth and its profitability, urging investors to carefully evaluate its financial soundness and operational strategies in the near future.
Maintaining a clean refrigerator is crucial for ensuring food safety and hygiene. It helps eliminate spills and unpleasant odors. Regular upkeep should include discarding spoiled food and checking expiration dates. For a thorough scrub, a mixture of baking soda and water is effective. It's vital to keep the right temperature to inhibit bacterial growth. By following these steps, you can protect your health and avoid foodborne illnesses.
Suvendu Adhikari, the Chief Minister of West Bengal, reported peaceful polling in the Nandigram by-election. Around 50 percent of voters had participated by midday as he cast his vote. He anticipated a turnout exceeding 85 percent based on historical trends in the constituency. Adhikari mentioned he would continue to serve as the MLA for Bhabanipur while promising to remain a voter in Nandigram.
To effectively remove candle wax from fabric, begin by freezing the wax to solidify it. Once hardened, gently scrape the fabric to lift off as much wax as possible. Follow this by applying heat with an iron to eliminate any remaining traces. For faint stains that linger, a specialized stain remover may be necessary. Always handle heated materials cautiously and refer to care instructions to achieve optimal results.
The RBI’s expected first rate hike in three years could have a mixed impact on banks and NBFCs. While higher funding costs may pressure NBFC margins, lenders with floating-rate assets and strong liquidity could benefit. Brokerages favour HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Bajaj Finance and Tata Capital.
