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Bloomberg Quint

142

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Onyx Biotec IPO: Check Day Two Subscription Status And Latest GMP Details

Pharmaceutical company Onyx Biotec Ltd. launched its IPO on Wednesday.
The SME IPO was subscribed 3.15 times on the opening day of bidding.
The Onyx Biotec IPO has been subscribed 5.95 times so far on Thursday.
Onyx Biotec IPO's grey market premium stood at Rs 15 as of 9:00 a.m. on Thursday, indicating a listing gain of Rs 15 or 24.59%.

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Bloomberg Quint

10h

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Most Companies Deploying AI In Marketing, With A Majority Generating Business Value

Most companies have embedded artificial intelligence in marketing functions, with 52% of AI marketing deployments generating business value.
The fluency of chief marketing officers in AI is driving business value and increasing their influence over corporate decision-making and strategy.
96% of marketing leaders have deployed AI in at least one marketing activity.
CMOs expect AI to deliver measurable value in the next 18 months, including boosts in productivity, cost savings, and speed to market.

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Bloomberg Quint

10h

192

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Who Is Tulsi Gabbard? Ex-Democrat Appointed US Director Of National Intelligence

Former Democratic Representative Tulsi Gabbard has been appointed as the next Director of National Intelligence by US President-elect Donald Trump.
Gabbard, a veteran with over two decades of experience in the Army National Guard, has been deployed to Iraq and Kuwait.
She left the Democratic Party in 2022 and endorsed Trump earlier this year, gaining popularity among Republican supporters.
Beyond politics, Gabbard released her first book titled 'For Love of Country: Leave the Democrat Party Behind'.

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Bloomberg Quint

10h

267

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ED Raids 23 Locations In Maharashtra, Gujarat In Fake Bank Accounts Case

The Enforcement Directorate (ED) has raided 23 locations in Maharashtra and Gujarat in connection with a money laundering case involving a Malegaon-based trader.
The trader is alleged to have conducted transactions worth over Rs 100 crore using unauthorised bank accounts.
The investigation originated from a recent Malegaon Police FIR, which highlighted the issue of unauthorised use of bank accounts for illegal transactions.
The raids come ahead of the Maharashtra Assembly Elections.

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StartupDaily

10h

178

Shopping startup Viewa raises $300,000 pre-Seed to bring the instore feeling to online

Melbourne startup Viewa has raised $300,000 pre-seed funding from Skalata to bring augmented reality (AR) to online shopping.
Viewa uses 3D, AR, and generative AI to enhance the online shopping experience and increase conversions by up to 94%.
The platform is web-based, eliminating the need for shoppers to download an app or sign up.
Viewa's AR technology allows users to virtually place products in their rooms through their smartphone camera, and the company already has a customer base of 50 and plans for international expansion.

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Bloomberg Quint

10h

250

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NTPC's Nuclear Energy Plans To Take Shape In 2032: CMD Gurdeep Singh

NTPC plans to build 2 GW of nuclear energy capacity by 2032, according to CMD Gurdeep Singh.
The company is also in discussions with the Bhabha Atomic Research Centre and the Department of Atomic Energy for participation in small modular reactors.
NTPC Green Energy Ltd., the company's renewable energy arm, will focus on solar and wind energy, along with green hydrogen derivatives.
The target is to achieve 60 GW of renewable energy capacity by 2032, with the potential to reach 70-80 GW with storage capacity.

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Bloomberg Quint

10h

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Jio Financial To Zomato: These Shares Are Up Ahead Of Entry Into India's Derivatives Trading

Shares of most of the 45 stocks that are set to enter India's Future and Option segment from the month's end surged on Thursday.
Jio Financial Services Ltd. shares surged over 6% to lead the gains in the pack.
The NSE announced the inclusion of various companies like Zomato Ltd., Adani Energy Solutions Ltd., and Nykaa parent FSN E-Commerce Ventures Ltd.
This move by the NSE is expected to deepen market participation in equities and enhance price discovery.

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Bloomberg Quint

10h

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Health Insurer Niva Bupa's Shares Debut At 6% Premium Over IPO Price

Shares of Niva Bupa Health Insurance Co. listed at Rs 78.50 apiece, a premium of 6.08% over the issue price of Rs 74 apiece.
The health insurer raised up to Rs 2,200 crore in its maiden issue which was subscribed 1.8 times on the third day of bidding, led by demand from retail investors.
The IPO was a fresh issue of shares worth Rs 800 crore, and an offer-for-sale of up to Rs 1,400 crore.
Promoter Bupa Singapore Holdings Pte. offloaded shares worth Rs 350 crore, while Fettle Tone LLP will sell stake to the tune of Rs 1,050 crore.

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Bloomberg Quint

10h

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Saatvik Green To Spend Rs 2,000 Crore On Solar Cell, Panel Capacity

Saatvik Green Energy plans to invest Rs 2,000 crore to expand solar module and cell capacity in Gopalpur, Odisha.
The new module capacity will be commissioned in FY26 and the solar cell capacity by FY27, taking their total capacity to 7.8 GW.
The company aims to reduce costs by 5-10% by manufacturing their own allied products, such as encapsulants.
Saatvik Green believes government initiatives like PM Muft Bijli Yojana and PM KUSUM Scheme will drive demand for domestic panel manufacturers.

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Bloomberg Quint

10h

111

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SpiceJet Resolves Rs 763-Crore Liability, Fully Acquires 13 Aircrafts

SpiceJet has settled a Rs 763-crore liability with Export Development Canada, saving Rs 574 crore for the airline.
SpiceJet gained ownership of 13 Q400 aircraft as part of the agreement.
Owning these planes will lead to substantial reductions in operational costs for SpiceJet.
SpiceJet plans to expand its regional operations and enhance connectivity with the revitalized fleet.

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Bloomberg Quint

11h

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Zomato Food Rescue: Plate Half Full, Restaurateurs Say 'No Thanks!'

Restaurateurs have expressed reluctance to participate in Zomato's food rescue initiative. The concept allows for food from cancelled orders to be bought by customers at a discounted price. Although the idea has merit, restaurant owners are concerned about damage to their loyalty and the possibility that food quality will not be maintained throughout the process. Some also pointed out that a customer could end up ordering something they hadn't intended because it was discounted. Zomato implemented a nominal relisting enablement fee for these orders, from which they took no proceeds beyond necessary taxes. However, they have since stated that any payment from new customers claiming a rescued order would be divided between the original customer and the restaurant. Restaurants will be compensated for the original order and the delivery partner.
Although initially mandatory, the food rescue scheme was relaunched as a voluntary initiative. Sagar Daryani, CEO of WOW! Momo, said the service was worth considering, but only if the aggregator shared more detail about the process. Pranav Rungta, who runs a string of eateries and cloud kitchens in Mumbai referred to the concept of food rescue as “complicating a simple problem”, and argued that this initiative could harm a restaurant’s reputation.
Zomato CEO Deepinder Goyal announced the service on Twitter, stating that the company experiences over 400,000 cancelled orders each month despite having a no-refund policy. The rescue scheme permits customers located within a 3 km radius of a cancelled order to see the available items on the app, but listings are only visible for a limited time to maintain their freshness. Orders containing perishable or temperature-sensitive items will not be included in the rescue opportunity. For participating restaurants, potential contamination and violating food safety guidelines could put licences at risk.

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Bloomberg Quint

11h

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Garden Reach Shipbuilders' Share Price Gains After Q2 Profit, Revenue Jump

Garden Reach Shipbuilders' net profit rose 21% to Rs 97.8 crore in Q2 FY25.
The company's revenue grew by 28% to Rs 1,152.9 crore in the same quarter.
Garden Reach Shipbuilders' share price rose by 6.20%, reaching Rs 1,470 apiece.
Analysts maintain a mixed outlook on the company, with two suggesting a 'buy' rating and two suggesting 'sell'.

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Geek Wire

11h

183

Seattle startup MIND raises $11M to help companies protect data and prevent leaks

Seattle-based startup MIND has raised $11 million in a seed round to help companies protect their data and prevent leaks.
Founded by cybersecurity experts, MIND uses algorithms and automation to mitigate risks and safeguard sensitive unstructured data.
The company targets the growing demand for data loss prevention solutions driven by the increasing use of data and AI technology.
MIND counts Guild, Akamai, and Lionbridge among its customers and is led by co-founders with expertise in cybersecurity and military cyber warfare.

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Bloomberg Quint

11h

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Brokerage Views: Citi On Eicher Motors, Gujarat Gas And More

Citi and Nomura are optimistic on Eicher Motors Ltd.'s new focus on volume growth.
Gujarat State Petronet Ltd. has analysts cautious due to uncertain merger completion timelines.
Analysts are tracking brokerages' top calls on stocks and sectors.
Eicher Motors Ltd. posted its second quarter results.

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Bloomberg Quint

11h

240

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Suzlon Energy Share Price Hits Upper Circuit On Large Trade

Shares of Suzlon Energy Ltd. hit the upper circuit at 5% at Rs 56.73 per share on Thursday, snapping a five-session falling streak.
1.22 crore equity shares exchanged hands in three large trades on the National Stock Exchange, with the price range of Rs 56.3 to Rs 56.66 per share.
The resignation of Ishwar Chand Mangal, chief executive officer of new business, also took place recently.
Suzlon Energy's Q2 results show that revenue is up 48.0% to Rs 2,103.38 crore, net profit is up 96% to Rs 200.60 crore, and EBITDA is up 31% to Rs 294.18 crore.

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