'Don't make me cry': Teary Dad reflects on Leary's journey
'Don't make me cry': Teary Dad reflects on Leary's journey
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Business Standard
3 minutes ago
- Business Standard
Monolithisch India IPO Day 1 update: Subscribed 24% in first hour, GMP 25%
Monolithisch India subscription status Day 1: The initial public offering (IPO) of Monolithisch India opened for subscription today, June 12, 2025. The SME offering is an entirely fresh issue of 5.44 million equity shares. The company aims to raise ₹82.02 crore at the upper end of the price band. The public issue of Monolithisch India is receiving a decent response from investors. As per NSE data, the issue received bids for 9,88,000 shares against 41,03,000 shares on offer, resulting in a subscription of 24 per cent as of 11 AM on Thursday. Monolithisch India IPO grey market premium (GMP) On Thursday, the unlisted shares of Monolithisch were trading at ₹179, commanding a grey market premium (GMP) of ₹36 or 25 per cent compared to the upper price band of ₹143, according to sources tracking unofficial market activities. Monolithisch India IPO details The three-day bidding window will close on Monday, June 16, 2025. The basis of the allotment of shares is likely to be finalised on Tuesday, June 17, 2025. Shares of Monolithisch India will be listed on the NSE SME platform tentatively on Thursday, June 19, 2025. The price band for the Monolithisch India IPO is set in the range of ₹135 to ₹143 per equity share. Retail investors would require a minimum investment amount of ₹1,43,000 to bid for one lot comprising 1,000 shares (taking into consideration the upper price band). The minimum investment required for high net-worth individuals (HNIs) is 2 lots (2,000 shares) amounting to ₹2,86,000. Kfin Technologies is the registrar of the issue. Hem Securities is the sole book-running lead manager for the issue. According to the red herring prospectus (RHP), the company plans to utilise ₹16.57 crore from the net issue proceeds to set up a manufacturing facility. In addition, it will invest ₹27.89 crore in its subsidiary Metalurgica India, and ₹20 crore to meet working capital requirements. The remaining funds will be used for general corporate purposes. About Monolithisch India Monolithisch India is engaged in manufacturing and supplying specialised ramming mass used as a heat insulation/lining matter by its customers as a refractory consumable for Induction furnaces installed in iron/steel and foundry plants. The company also does trading of its products on an occasional basis to meet the excess and urgent requirements of the customers. The major customers of the company are iron and steel producers located in Eastern parts of India, majorly in West Bengal, Jharkhand & Odisha. The manufacturing facility of the company is located in Purulia, West Bengal.
Glasgow Times
3 minutes ago
- Glasgow Times
We ask the Apprentice Boys of Derry what they stand for
For some, it is a celebration of culture history and identity for others, it is a display of bigotry and sectarianism better left in the past. The Apprentice Boys of Derry held their biggest Scottish parade of the year in Larkhall with more than 50 associated clubs, each with a band, taking to the streets, with many more following or watching from the side. READ NEXT:Rachel Reeves says Labour will end use of hotels for asylum seekers The Glasgow Times was invited by the organisation to come along and speak to its leaders to find out what it is all about. Larkhall's streets were decked out in red, white and blue for the day with Union flags hanging from lampposts, windows and in gardens along the route. Late morning in Birkenshaw Park, the parade was assembling, with groups from Glasgow, Lanarkshire and beyond. Men are meeting and greeting, shaking hands, dressed in suits and crimson collarettes, carrying white gloves and bowler hats. (Image: Colin Mearns) The flutes and drums were starting to be heard from the bands, the same bands that accompany Orange Order parades. (Image: Colin Mearns) READ NEXT:Rise in suspected drug deaths in Glasgow so far this year David Hoey, general secretary of the Associated Clubs of the Apprentice Boys of Derry, was in demand, being introduced to members from around Scotland. (Image: Colin Mearns) We asked him what the purpose of the organisation is, which has 52 branch clubs in Scotland and many in Glasgow, and what the parade is all about. He answered that it is 'principally, a historical, commemorative organisation.' He said: 'The organisation has as its main purpose to celebrate the siege of Derry and the brave 13, but particularly the two big events are: the shutting of the gates, which is usually December when the Gates of Londonderry were closed against the forces of King James and then the relief of Derry when the city was finally relieved after 105 day siege in August.' 'That,' he said, 'is the primary purpose'. Not everyone, however, can join and commemorate this historic event. Mr Hoey explains: 'The criteria for membership is male and Protestant.' 'In terms of local areas, people would have to know each other and be invited, or apply and they would have to be known. 'But other than that, there's no particular criteria.' The male-only element, he said, is a support network, a place for men to come together and help one another. Mr Hoey said: 'It's a good place to meet. I keep telling people when they ask about it being male, it's the biggest men's shed organisation available because men get together, they meet. 'We're getting a remarkable number of young members into the organisation now and I think they're in where they can get people they can learn from. He added: 'They can learn skills. You have to run an organisation, you get positions on committee. You organise some of the events, and you get some of the young people involved. 'So, it's very much people coming together to try and organise and to help each other.' (Image: Colin Mearns) As well as organising parades, he said branch clubs rea active in the community and fundraise for their benevolent fund. Asked what they do when not on parade, Mr Hoey joked they are "organising the next one". He added: "There's a lot of activity, but everything is really geared to the big days. "There's occasionally a church service, but it's predominantly for those two big days." The events from 1689 being celebrated, he said, are still relevant today. (Image: Colin Mearns) (Image: Colin Mearns) Mr Hoey said: 'I think it's largely identity and place, so it gives people a sense of belonging. 'There are a lot of the characteristics of those who were besieged, I think form the identity of the Protestant loyalist culture, if you like. 'And that's what people identify, the determination, the resilience, the preparedness to basically stick it out, but also to create dialogue, to try and change things as well. 'And we're very, very keen that we work outside.' The other exclusive criteria, the Protestant only rule, has led to claims of sectarianism and accusations of being anti-catholic. Mr Hoey said such claims are rooted in ignorance and said he and his organisation is willing to have dialogue to prevent any flashpoints at parades. (Image: Colin Mearns) The Larkhall parade passed with no incident but in Glasgow, there have been protests, particularly around passing a specific Roman Catholic church, and previously in Northern Ireland, there was well well-documented, high-profile, sustained and violent confrontation. Mr Hoey said: 'I think the biggest opposition comes from the people who are most ignorant of what it's all about and imagine some offence or imagine that it's against them. 'It's really not. It's for us.' On the anti-catholic accusation, he added: 'People who want to say that don't want the parades to happen and they're basically throwing or projecting sectarianism onto the parades, but they have no basis for saying that. 'This is a culture. It is on parade. It's not trying to offend anybody. It's simply walking down a very long street and being out and saying we are the association. 'We are remembering a very important part of British history and that is what the day is about. 'It's not about others or offending or anything else. It's about the identity of those people and saying this is us, we're out here having a good day with our brothers, with our friends, with our families watching.' He used the example of Northern Ireland to illustrate how communities can work together. Mr Hoey said: 'The association, 25 years ago, was the first to engage outside of itself, you know, to go to go into the Parades Commission, to work with the local community, to work with the business community because we had a really bad time with violent opposition in Londonderry and there was no violence back. 'Our approach was to engage, and I know here in Scotland the SAC (Scottish Amalgamated Committee) has been working closely with the Centre for Good Relations, again to try and open up avenues of dialogue. 'People say 'the other' but there are lots of communities in Scotland now.' They are, he said, willing to 'work in formal channels' and 'open up' as far as possible. He added, however, there are always people who just don't want you there, and it's very hard to talk to people who simply are impractically opposed and don't want to talk.' The approach in Northern Ireland, he said, took a long time but has worked but he said it is an ongoing process. He added: "We have kept working ever since because you can never stop on that process. Stopping is the worst thing you could do.' He said the willingness to engage must be a two-way process, adding: "You can do your best to reach out. But you know you hold out your hand, but if. Someone doesn't. Want to shake it's not our job to make them.'
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Business Standard
3 minutes ago
- Business Standard
Airbus projects global aircraft fleet to double by 2044, led by India
The global in-service fleet will swell by 24,480 units to 49,210 aircraft in 2044, Airbus predicted in its latest global market forecast Bloomberg Airbus SE predicted the global commercial aircraft fleet will double in size to almost 50,000 planes over the next 20 years, spurred by rapid growth in markets like India, where a rising middle class increasingly takes to air travel. The global in-service fleet will swell by 24,480 units to 49,210 aircraft in 2044, Airbus predicted in its latest global market forecast that includes both its own planes and those of rivals like Boeing Co. Most of the growth will come from single-aisle aircraft like the Airbus A320 family or Boeing's 737, which form the backbone of many airlines' fleets, Airbus said. India's domestic network will be the fastest growing aviation market over the next two decades, while China will be the biggest by capacity by then, the plane manufacturer said. Globally, Airbus expects passenger traffic to advance 3.6% a year over the long term, with traffic to the Middle East acting as another key growth driver. Commercial aircraft are among the longest-cycle industrial products, giving Airbus and Boeing insight into travel trends stretching out decades. Airbus issued its latest outlook against a backdrop of tense global trade negotiations that threaten to complicate the movement of planes and their parts, potentially denting output and jet deliveries. Still, Airbus said airlines haven't stopped purchasing new models even as the uncertainty created by President Donald Trump's global tariffs prompts consumers to rein in spending and forces some carriers to take a dimmer view on the rest of the year. 'With the possible exception of maybe the more domestic US market, we have not seen an inflection fundamentally in demand from our customers,' Christian Scherer, the chief executive officer of Airbus's commercial aircraft unit, said at a briefing in Toulouse, where Airbus is based. 'We see continued traction and demand for our products.' While supply-chain snarls that built up during the pandemic are gradually easing, Airbus said it continues to see a shortfall in some parts. For example, a lack of engines from CFM International on its workhorse A320neo model as well as toilets on its flagship A350 long-haul jet have hobbled deliveries, Scherer said. India is already the world's third-largest domestic aviation market, and the growth in the number of more affluent people makes the nation of more than 1.4 billion people a crucial driver of future aircraft demand. At the International Air Transport Association annual general meeting in New Delhi this month, airlines — both foreign and domestic — announced a range of initiatives to start or increase services to and from the South Asian nation. The country has become a major buyer of aircraft. Air India Ltd. has placed orders for 570 planes from Airbus and Boeing since 2023. IndiGo, the low-cost specialist, has an order book of more than 900 Airbus planes, including a recently expanded purchase of 60 A350 widebody aircraft.
