
Welspun Corp bags repeat exports order
Also secures domestic orders worth Rs 450 crWelspun Corp announce the award of a repeat export order for supply of 50 kms of LSAW Pipes and Bends, with Anti Corrosion and CWC coating. This is for a critical offshore project in the Middle East. Further, the company has received additional orders valued at Rs 450 crore from Indian pipes facilities. These orders will be executed in FY26 & FY27.Powered by Capital Market - Live News

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News18
35 minutes ago
- News18
Sacheerome IPO Allotment In Focus Today: A Step-By-Step Guide To Check Status Online, Know GMP
Last Updated: The allotment of the Sacheerome IPO, which received a whopping 312.94 times subscription, will be finalised today, June 12. The latest GMP indicates 47.06% listing gains. Sacheerome IPO Allotment Today: The Sacheerome IPO allotment is set to be finalised today, June 12, in the evening. After the basis of allotment is finalised, investors will start receiving bank debit messages. They can also check the allotment status online on the websites of BSE and NSE, as well as on registrar Link Intime's portal. Here's the latest GMP, as well as a step-by-step guide to check allotment status. The Sacheerome IPO was open for public subscription between June 9 and June 11. On the final day of bidding on Wednesday, the Rs 61.62-crore NSE SME IPO received a whopping 312.94 times subscription, garnering bids for 1,25,76,46,800 shares as against 40,18,800 shares on offer. The retail and NII participation stood at 180.28 times and 808.56 times, respectively. The qualified institutional buyers (QIB) category has received a 173.15 times subscription so far. Sacheerome IPO: A Step-By-Step Guide To Check Allotment Status The Sacheerome IPO allotment will take place on Thursday, June 12. The IPO allotment status can be checked online by following these steps: 1) Go to the official BSE website via the URL — 2) Under 'Issue Type', select 'Equity'. 3) Under 'Issue Name', select 'Sacheerome Ltd' in the dropbox. 4) Enter your application number, or the Permanent Account Number (PAN). 5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option. You can also visit directly on the registrar Link Intime's portal — and check the Sacheerome IPO allotment status. The allotment status can also be checked on the NSE's website at Sacheerome IPO GMP Today & Listing Date According to market observers, unlisted shares of Sacheerome Ltd are currently trading at Rs 150 apiece in the grey market, which is a 47.06% premium or GMP over the IPO price of Rs 102. It indicates decent listing gains for investors on June 16, the tentative listing date. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Listing Date: Shares of Sacheerome Ltd are scheduled to be listed on the NSE's SME platform on June 16. Sacheerome IPO: More Details The Sacheerome IPO, which is a bookbuilding of Rs 61.62 crore, is entirely a fresh issue of 60.41 lakh shares. The price of the IPO was fixed at Rs 102 per share. The minimum lot size for an application was 1,200. The minimum amount of investment required by retail investors was Rs 1,22,400. The bidding could be done in multiple of 1,200. The public offer was opened for subscription on June 9, 2025, and closed on June 11, 2025. The allotment for the Sacheerome IPO is expected to be finalised on Thursday, June 12, 2025. It will be list on the NSE SME with a tentative listing date fixed as Monday, June 16, 2025. About Sacheerome Ltd Sacheerome Limited, founded in June 1992, designs and manufactures fragrances and flavours for B2B FMCG clients in India and globally. Its fragrances cater to sectors like personal care, home care, and wellness, while its flavours serve beverages, bakery, dairy, nutrition, oral care, and more. Location : New Delhi, India, India First Published: June 12, 2025, 06:35 IST News business » ipo Sacheerome IPO Allotment In Focus Today: A Step-By-Step Guide To Check Status Online, Know GMP


India Gazette
39 minutes ago
- India Gazette
AI-Native Telecom Networks take centre stage at International Telecommunication Union Focus Group meeting
New Delhi [India], June 12 (ANI): As part of the ongoing efforts to explore the integration of artificial intelligence (AI) native in telecommunication network, the third meeting of the International Telecommunication Union (ITU-T) Focus Group on Artificial Intelligence Native for Telecommunication Networks (FG-AINN) was inaugurated in New Delhi on Wednesday, Ministry of Communications said in a press release. This ITU event is being organised by the Telecommunication Engineering Centre (TEC), technical arm of Department of Telecommunications (DoT). Addressing at the inaugural session of the three-day event, Sanjeev Bidwai, Member (T), DCC, emphasised that AI-Native Networks (AI-NN) represent a fundamental shift in telecom design. He noted the growing role of AI in Third Generation Partnership Project (3GPP) standards, enabling intelligent orchestration across domains. Bidwai highlighted India's ongoing efforts in this space, including national initiatives like 'Bharat Gen'-India's first indigenously developed, government-funded, AI-based Multimodal Large Language Model (LLM) for Indian languages, as well as other projects led by IITs and CDOT in AI-based network automation and digital twins. He also emphasised the importance of deploying AI in an ethical, inclusive, and secure manner, highlighting the need for explainability, digital sovereignty, and the evolution of regulatory frameworks. In a video address, Seizo Onoe, Director of the Telecommunication Standardisation Bureau, ITU, underscored the potential of AI-native networks to deliver next-generation performance through intelligent automation, self-management, and real-time optimisation. Atsuo Okuda, ITU Regional Director for Asia-Pacific, highlighted the region's pivotal role as a digital innovation hub, emphasising that AI-native networks are essential to building smart, secure, and responsive communication systems. She drew attention to the need for collaborative frameworks to bridge the digital divide and power emerging use cases in smart cities, healthcare, and education. During the event, India sought support of ITU members for its bid to host the ITU Plenipotentiary Conference 2030 (PP-30), continued membership in the forthcoming ITU Council (2027-2031) and for Indian Nominee, M Revathi, as the first woman and first Regional candidate for Director of the ITU Radiocommunication Bureau (2027-30). The event witnessed participation of Niraj Verma, Administrator (DBN), Rudra Narayan Palai, Member (Designate), DoT, Deb Kumar Chakrabarty, Member (Designate), DoT, Shubhendu Tiwari, Advisor (Technology), Rajkumar Upadhyay, CEO, C-DOT, Tripti Saxena, Senior DDG, TEC and other senior officers of DoT, academicians, technologists, and industry representatives from India and abroad. This event marks a significant milestone in shaping the future of AI-native telecommunication networks, with the potential to revolutionise the global communications landscape. As AI continues to evolve, the work done by the Focus Group will be instrumental in laying the groundwork for more intelligent, adaptive, and efficient networks. (ANI)

Economic Times
an hour ago
- Economic Times
Stocks in news: Wipro, HDFC Bank, Nazara Tech, Maruti Suzuki, Bank of Baroda
Markets remained volatile for yet another session and ended marginally in the green amid a lack of fresh triggers. In today's trade, shares of Wipro, HDFC Bank, Nazara Tech, Maruti Suzuki, Bank of Baroda among others will be in focus due to various news developments. ADVERTISEMENT Wipro About 18.05 crore shares of Wipro, amounting to a 1.72% stake, were exchanged among promoter group entities through open market transactions on Wednesday, according to the exchange data. Advait Energy Ace investor Vijay Kedia on Wednesday bought 1 lakh shares in Advait Energy Transitions at a price of Rs 1,725 per share. Bank of Baroda Public sector lender Bank of Baroda has emerged as the highest bidder for the Jet Airways' 83,000 sq ft office space in commercial tower Godrej BKC in Mumbai's business district Bandra-Kurla Complex, ET reported. HDFC Bank In a fresh attack on HDFC Bank MD and CEO Sashidhar Jagdishan, Lilavati Kirtilal Mehta Medical Trust (LKMM Trust) said the claims made by the bank about a single loan are not consistent and it has never produced any official loan ledger or agreement in court regarding its transaction with the Trust. NTPC State-owned power giant NTPC raised $750 million through External Commercial Borrowing (ECB) to fund its business expansion. ADVERTISEMENT NIIT ICICI Bank sold its entire 18.8% stake in NIIT Institute of Finance Banking and Insurance Training (NIIT-IFBI) for Rs 6 .1 cr to NIIT. ADVERTISEMENT Zydus Life Pharmaceutical company Zydus Lifesciences said it has received the Establishment Inspection Report (EIR) from the US Food and Drug Administration (FDA) for its active pharmaceutical ingredient (API) manufacturing facility located in Ankleshwar, Gujarat. Maruti Suzuki NCLT approved the first motion application for the amalgamation of Suzuki Motor Gujarat, a wholly owned subsidiary, into Maruti Suzuki India. ADVERTISEMENT Nazara Tech Axana Estates, Plutus Wealth Management and Junomoneta Finsol make an open offer to acquire 26% stake in Nazara Tech. Sterlite Technologies Sterlite Technologies has signed a Rs 2,631 crore agreement with BSNL for the BharatNet middle-mile network in Jammu and Kashmir and Ladakh telecom circles. ADVERTISEMENT Angel One Ketan Shah resigned as the chief sales and revenue officer - assisted business and whole time director of the company with effect from July 18. NIBE NIBE received a purchase order worth Rs 23 crore from infra and defence company for supply of Armor Plate MIL12560. (You can now subscribe to our ETMarkets WhatsApp channel)