Latest news with #470
Hans India
6 days ago
- Business
- Hans India
SBI gets 4x bids for Rs 20,000-cr QIP
New Delhi: Qualified institutional placements (QIPs) witnessed a resilient growth in July so far, led by State Bank of India's (SBI) recent fundraise, taking the total QIP fundraising to a five-year high of over Rs30,000 crore. QIPs are a way for listed companies to raise capital without having to submit legal paperwork to market regulators. Ten issuances have offered over Rs30,470 crore so far this month. It is the biggest monthly performance of QIPs since September 2020, when companies had collectively raised over Rs39,000 crore. Driving this surge was the State Bank of India's (SBI) historic QIP on July 17, which mobilised over Rs20,000 crore. The offering drew robust investor interest, with demand reportedly outstripping supply by nearly four times. According to multiple reports, the SBI QIP has received significant interest from global and domestic investors worth around Rs1 lakh crore. July also saw a flurry of other notable QIP deals. CG Power raised over Rs3,000 crore, while Marathon Nextgen and Navin Fluorine collected Rs900 crore and Rs750 crore, respectively. Several other mid- and small-cap firms also tapped into institutional funding during the month. The fundraising momentum in 2025 has remained strong beyond July. In the year so far, Biocon raised Rs4,500 crore through a QIP, followed by Hitachi Energy (Rs2,500 crore), IREDA (Rs2,000 crore), UCO Bank (Rs2,000 cr), and Capri Global Capital (Rs2,000 cr). In June alone, seven companies together raised over Rs14,000 crore. Altogether, 30 companies have raised close to Rs60,000 crore via QIPs so far in 2025. This shows the robust activity seen in 2024, when 95 firms mopped up more than Rs1.37 lakh crore.
The Star
6 days ago
- The Star
21 detained in anti-vice raids in Petaling Jaya and Subang Jaya
KUALA LUMPUR: A prostitution ring operating out of two locations in Petaling Jaya and Subang Jaya was busted with the arrests of 21 individuals, including women from Japan, Russia, and Uzbekistan following an operation by the police. The operation, codenamed Ops Moda, was carried out by Bukit Aman CID Anti-Vice, Gambling and Secret Societies Division (D7) at about 6.30pm on Thursday (July 17) following a tip-off from the public. Bukit Aman CID acting director Deputy Comm Datuk Fadil Marsus said the raid targeted a hotel and a serviced apartment that were believed to be used as venues for the illicit activities. "A 44-year-old local man, believed to be a pimp, was detained along with 20 women suspected of offering sexual services," he said when contacted on Saturday (July 19). The women included two locals aged 26 and 37, eight from China, three each from Mongolia and Uzbekistan, and one each from Japan, Russia, Vietnam and Laos. DCP Fadil said the syndicate was operating online, advertising services through websites featuring images of the women dressed provocatively. "The websites listed various sex packages, with prices ranging between RM400 and RM1,000. Payments were made directly to the women," he said. He added that the group used hotel rooms on separate floors and rented apartment units to avoid detection by the authorities. "Customers would make bookings via phone numbers displayed on the websites and were only given the location and room numbers upon arrival," he said. Various items were seized including 59 condoms, 21 towels, 21 mobile phones, 16 access cards and RM4,470 in cash believed to be earnings from the sex trade. "A total of 16 foreign women were remanded for 14 days until July 30. "Two local women and one each from Vietnam and Laos were remanded for a day, while the local male suspect was remanded for three days," DCP Fadil said. The case is being investigated under Section 372B for soliciting, as well as Sections 55B and 6(1)(c) of the Immigration Act 1959/63, and Regulation 39(b) of the Immigration Regulations.
The Print
12-07-2025
- Business
- The Print
X slashes subscription fees in India by up to 48 pc
The subscribers of premium and premium-plus service at X get a checkmark next to their name or id. The social media firm has slashed premium account subscription fee for mobile app by about 48 per cent to Rs 470 from Rs 900 it charged earlier on a monthly basis. New Delhi, Jul 11 (PTI) Social media platform X has slashed subscription fees for account holders in India by up to 48 per cent, according to updates on its portal. Similarly, X has reduced premium subscription fee by about 34 per cent for web accounts to Rs 427 from Rs 650 charged earlier. The charges for premium subscription on mobile apps are higher at Rs 470 due to additional fees charged by app stores. The company has slashed monthly subscription for basic subscribers on their handle by 30 per cent to Rs 170 from Rs 243.75 earlier. The basic account holder gets featured to enable them to edit posts, write longer posts, background video playback and they can download videos. The reduction is about 34 per cent for the annual subscription fee of basic account, which will be billed Rs 1,700 on an annual basis, down from Rs 2,590.48 charged earlier. The premium plus subscription of X account now cost users about 26 per cent less at Rs 2,570 on web compared to Rs 3,470 charged earlier. The premium plus accounts on X are completely ad free, holders can write articles, get access to SuperGrok with Grok 4. These services are not available for premium and basic account holders. The mobile version of premium plus subscription will cost users Rs 3,000 compared to around Rs 5,100 that had to pay earlier on a monthly basis. PTI PRS TRB This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Hans India
02-07-2025
- Business
- Hans India
Gold rallies Rs 1,200, silver surges Rs 2,000
New Delhi: Cutting short the seven-day losing streak, gold prices rebounded by Rs1,200 to Rs98,670 per 10 grams in the national capital on Tuesday due to fresh buying by stockists in line with strong global trends, according to the All India Sarafa precious metal of 99.9 per cent purity had settled at Rs97,470 per 10 grams on Monday. Gold of 99.5 per cent purity climbed by Rs1,100 to Rs98,150 per 10 grams on Tuesday. It had closed at Rs97,050 per 10 grams in the previous market close. 'A retreat in the US dollar, driven by concerns over the ballooning US fiscal deficit and the market's focus on President Donald Trump's proposed tax-cutting and spending bill, has made gold more attractive,' Abans Financial Services' Chief Executive Officer Chintan Mehta said. President Donald Trump has also threatened new tariffs on Japan ahead of the July 9 deadline for the implementation of reciprocal tariff.
The Sun
28-05-2025
- Business
- The Sun
Elderly man loses RM1.47 million to online trading scam
IPOH: An elderly man suffered losses of over RM1.47 million after he fell victim to an online trading scam, Perak police chief Datuk Noor Hisam Nordin said. The man, 75, who is a company director, lodged a police report in Ipoh on May 25 about the scam that began on April 15, when he received a phone call from an unidentified woman offering him to be a partner of a company trading with another company abroad, he said. The victim agreed to become a partner after he checked the company's status and found it was operating since 1989, and was then asked to download an app called SHV Shop. 'If a customer wished to purchase an item, the victim only had to pay the selected price and would get a commission of 30 per cent,' he said in a statement last night. The victim then paid a deposit of RM22,122 via a cash deposit machine to a Maybank account of a company. 'Thinking about his would-be profits, the victim deposited a total of RM1,470,734 from April 17 to May 16 into six different bank accounts through online transfers and bank counters,' he said, adding that the victim did not receive any returns and felt that he was scammed. The case is being investigated under Section 420 of the Penal Code.
