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Time of India
4 days ago
- Business
- Time of India
HDB Financial shares slip below IPO price for first time, down over 1% to hit new 52-week low
Shares of HDB Financial Services slipped below their issue price of Rs 740 for the first time on Monday, tumbling 1.4% to touch a new 52-week low of Rs 738.20 on the BSE , marking a reversal from the company's strong listing debut last month. The decline brings the stock below its IPO issue price of Rs 740, after having opened at Rs 835 during its market debut on July 2. The shares had listed at a premium of 12.84% over the issue price, reflecting strong investor interest at the time. Explore courses from Top Institutes in Please select course: Select a Course Category Management Project Management Healthcare Data Science Artificial Intelligence Operations Management healthcare Cybersecurity Product Management Data Analytics Leadership Data Science Finance Public Policy Design Thinking others Technology CXO Others MBA Digital Marketing PGDM Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK GMPBE India Starts on undefined Get Details Skills you'll gain: Duration: 9 Months IIM Calcutta CERT-IIMC APSPM India Starts on undefined Get Details HDB Financial's Rs 12,500 crore initial public offering (IPO) comprised a fresh issue of Rs 2,500 crore and an offer-for-sale of Rs 10,000 crore. The issue closed on June 27 with an overwhelming response, being subscribed 17.65 times overall. Qualified Institutional Buyers (QIBs) led the demand, subscribing their portion 31.73 times. Despite a volatile market backdrop, investor enthusiasm was driven by the company's strong parentage and diversified loan book across retail, SME, and asset finance segments. HDB also boasts a wide phygital footprint with over 1,700 branches across India, more than 80% of which are located outside the top 20 cities. The IPO attracted bids worth over Rs 1.61 lakh crore, making it the second-most subscribed large issue (over Rs 10,000 crore) after Tata Technologies . While it fell short of Bajaj Housing Finance's Rs 3 lakh crore+ record, it surpassed other recent NBFC listings in terms of demand. At the upper end of the price band, HDB Financial was valued at a price-to-earnings (P/E) ratio of 28.15x based on FY25 earnings, with an implied market capitalization of around Rs 61,253 crore. Also read: Rekha Jhunjhunwala exits Nikhil Kamath, Madhusudan Kela-backed smallcap stock with 111% returns in 3 years ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
4 days ago
- Business
- Time of India
Sony Pictures Networks India's Gaurav Banerjee appointed BARC India chairman
Gaurav Banerjee , Managing Director and Chief Executive Officer of Sony Pictures Networks India (SPNI), has been appointed Chairman of the Broadcast Audience Research Council ( BARC ) India. The appointment, effective immediately, was announced at BARC India 's board meeting on August 1. He succeeds Shashi Sinha, Executive Chairman of IPG Mediabrands India, who held the position for over three years. Explore courses from Top Institutes in Please select course: Select a Course Category Management Design Thinking Leadership CXO Others MBA Healthcare Product Management Technology Digital Marketing Data Analytics Operations Management Degree PGDM Finance others Data Science Cybersecurity healthcare Public Policy Artificial Intelligence Project Management Data Science Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK GMPBE India Starts on undefined Get Details Skills you'll gain: Duration: 9 Months IIM Calcutta CERT-IIMC APSPM India Starts on undefined Get Details Banerjee is a seasoned leader with more than two decades of experience in the media and entertainment industry. He also serves as Vice President of the Indian Broadcasting & Digital Foundation (IBDF), and sits on the boards of MSM-Worldwide Factual Media and Bangla Entertainment. Commenting on his appointment, Banerjee said, 'BARC India continues to empower stakeholders across the ecosystem with data-driven decision-making, and it is a privilege to take on the role of Chairman at the world's largest television audience measurement company. A big thank you to Shashi Sinha for his exceptional leadership and steady guidance over the last three years. As we navigate a rapidly converging media landscape, I look forward to strengthening BARC's position as a trusted and credible currency for TV measurement in India.' Outgoing Chairman Shashi Sinha said, 'Over the last few years, I have had the opportunity to partner with BARC and its various committees. I extend my heartfelt gratitude to the entire BARC team for their unwavering support and collaboration. I warmly welcome Gaurav Banerjee as the new Chairman and am confident that his leadership will help BARC continue to grow and innovate to meet the evolving needs of our industry.' BARC India CEO Nakul Chopra added, 'We welcome Gaurav Banerjee as our new Chairman. His leadership will be invaluable as BARC continues to evolve and serve the dynamic needs of the broadcast and advertising ecosystem. We also extend our deep gratitude to Shashi Sinha for his stewardship. His tenure has been instrumental in enhancing data granularity and reinforcing BARC's commitment to the industry.'
Time of India
5 days ago
- General
- Time of India
Six migrant workers killed in granite quarry accident in Andhra Pradesh
Six migrant workers were killed and three injured after a massive granite rock fell on them at a quarry in Bapatla district on Sunday. According to police, the incident occurred around 10.30 am today when 10 to 15 workers were engaged in mining works. Explore courses from Top Institutes in Please select course: Select a Course Category Management Project Management healthcare Data Science Artificial Intelligence MBA Degree PGDM Design Thinking Data Science Operations Management Finance Product Management Technology Healthcare Cybersecurity MCA Digital Marketing Leadership others Data Analytics Others CXO Public Policy Skills you'll gain: Duration: 9 Months IIM Calcutta CERT-IIMC APSPM India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Kozhikode CERT-IIMK General Management Programme India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK GMPBE India Starts on undefined Get Details "All victims are from Odisha . We suspect water seepage caused the rock to give way. Forensic teams are investigating," the police official told PTI, adding there were no blasts or seismic activity. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Option Trading: Mr. Gopal Reveals His Powerful Laxman Rekha Strategy For Free TradeWise Learn More Undo Rescue operations were immediately launched, with mining department officials joining the police at the site. Meanwhile, Chief Minister N Chandrababu Naidu expressed grief over the tragedy. Live Events "I spoke with officials, instructed them to provide the best possible medical treatment to the injured, and ordered a thorough investigation to determine the cause of the accident," said Naidu in a release. YSRCP chief YS Jagan Mohan Reddy Reddy expressed sorrow over the incident. "This is truly heart-wrenching. These workers lost their lives while toiling for their families," said Reddy in a release. He urged the government to ensure medical care for those injured in the accident and to provide immediate support and assistance to the families of the deceased.
Time of India
5 days ago
- General
- Time of India
Unscientific mining pushing Uttarakhand's Bageshwar toward disasters: Govt panel to NGT
A government-appointed panel has warned that unscientific mining in Uttarakhand's Bageshwar district is destabilising slopes, threatening villages and agriculture besides disrupting water sources in the fragile Himalayan region. The "Geological Assessment and Recommendations For Sustainable Mining Practices in Bageshwar District" report, submitted to the National Green Tribunal on July 30, called for sweeping reforms in mining practices and stringent monitoring to mitigate the risks. Explore courses from Top Institutes in Please select course: Select a Course Category Management Artificial Intelligence Project Management PGDM Others Data Science others Degree healthcare Healthcare Technology Operations Management Product Management Data Science Design Thinking CXO Leadership Cybersecurity MBA Public Policy Data Analytics Digital Marketing MCA Finance Skills you'll gain: Duration: 9 Months IIM Calcutta CERT-IIMC APSPM India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK GMPBE India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Kozhikode CERT-IIMK General Management Programme India Starts on undefined Get Details The assessment was conducted following rising complaints of landslides, cracks in houses, drying springs and crop losses in several villages around Bageshwar. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If you have a mouse, play this game for 1 minute Navy Quest The tribunal had sought an expert evaluation after local residents alleged that mining in the district was being carried out without regard for environmental safeguards. The panel, comprising experts from the Geological Survey of India, the Uttarakhand Landslide Mitigation and Management Centre, the Department of Geology and Mining and the Indian Institute of Remote Sensing, examined 61 mines across Bageshwar, Kanda and Dugnakuri tehsils. Live Events According to the report, most mines have altered natural slopes through steep vertical cuts and lack proper benches, making the terrain highly "vulnerable to landslides" and rockfalls. The team observed cracks, ground subsidence and rockslides at multiple sites. It noted that debris from mining was often dumped haphazardly into natural streams, choking drainage channels and aggravating waterlogging and slope failures. Several leases overlap with villages, farmland and water sources, directly endangering local communities. The committee highlighted that Bageshwar lies in seismic zone V, one of the most earthquake-prone regions in the country. Mining activities in such zones, if not regulated scientifically, could amplify ground instability. The experts stressed that the current monitoring system is inadequate and there is "no record" of how slope modifications have evolved over time. Satellite analyses also indicated land deformation around several mines, confirming the risk of further subsidence. The report said mining has disrupted drainage patterns, leading to "depletion and contamination" of groundwater. Springs, which are critical for local drinking water and irrigation, have dried up or diminished in flow in several affected villages. The committee also found that reclamation efforts at mined-out areas were mostly superficial, with no measures taken to ensure long-term slope stability or ecological restoration. In its recommendations, the expert panel called for strict scientific monitoring of all mining operations in the district. It proposed the installation of a local seismic network to track micro-earthquakes, deployment of satellite-based SAR technology to detect ground deformation and mandatory slope stability analysis for all existing and proposed mines. Such analyses, it said, should be reviewed by reputed academic and research institutions to ensure accuracy. The panel urged the creation of a geo-referenced database of all lease boundaries to prevent encroachments and better track risk-prone areas. It asked the state to reassess leases overlapping with villages, water sources or agricultural land. Aquifer mapping was recommended to understand the long-term impact of mining on groundwater reserves. The committee strongly insisted on adopting sustainable mining practices, including controlled blasting, proper drainage management and engineering measures to stabilise slopes. It said debris should not be dumped into streams and stressed the need for systematic waste disposal and site reclamation. Regular field inspections must be carried out to ensure compliance with mining plans and environmental norms. While the panel noted that riverbed mining, if done within prescribed limits, does not pose a threat to seismic stability, it emphasised that in-situ mining in Himalayan districts like Bageshwar should proceed only with extreme caution. PTI
Time of India
6 days ago
- Health
- Time of India
Should you keep eggs in the fridge? How improper storage could raise your risk of Salmonella
With summer temperatures soaring across much of the US, many people are double-checking how they store their groceries, especially foods like eggs that seem deceptively simple but are surprisingly sensitive. While your grandmother may have kept eggs on the counter, today's eggs sold in American supermarkets are washed, sanitized, and require refrigeration to stay fresh and safe. Explore courses from Top Institutes in Please select course: Select a Course Category Management PGDM Degree Leadership CXO Public Policy Data Science Technology Healthcare Data Science others Data Analytics healthcare Operations Management Others Cybersecurity MBA Digital Marketing MCA Finance Project Management Artificial Intelligence Design Thinking Product Management Skills you'll gain: Duration: 9 Months IIM Calcutta CERT-IIMC APSPM India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Kozhikode CERT-IIMK General Management Programme India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK GMPBE India Starts on undefined Get Details Still, confusion lingers, particularly among those who've traveled abroad and noticed eggs stored at room temperature in places like France or Mexico. So, what's the right way to store eggs in the US? by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Food safety researchers say the fridge is your best friend, especially if you want to avoid spoilage, extend shelf life, and protect your health in peak summer heat. According to Professor Marina Elisabeth Aspholm, a food safety expert at the Norwegian University of Life Sciences (NMBU), the safest and most effective way to extend the life of your eggs, no matter the season, is to keep them in the refrigerator. Live Events "It is always wise to store eggs in the fridge as it extends their shelf life," Science Norway quoted Aspholm, specializes in food safety and veterinary microbiology. Why refrigeration matters more in the summer Eggs are naturally porous. This means water and gases slowly pass through their shells, a process that accelerates in warm conditions. Storing eggs in the refrigerator slows down this natural evaporation process and inhibits the growth of bacteria, especially during the heat of summer. 'Eggs stay fresh and safe much longer in the fridge,' says Aspholm. 'Often even several weeks past the 'best before' date.' What about Salmonella? Why refrigeration matters more in the US Salmonella is a key reason eggs are always found in the refrigerated section at the grocery store in the United States. Unlike in some European countries, like Norway, where hens are vaccinated and egg production is tightly regulated, the US has a higher risk of salmonella contamination. That's why all commercial eggs in the US are washed and sanitized before sale, but this also removes their natural protective coating, making them more vulnerable to bacteria and requiring constant refrigeration. To stay safe, the CDC recommends storing eggs in the fridge at 40°F (4°C) or below and cooking them thoroughly. If possible, pasteurized eggs should be used in dishes with raw or lightly cooked eggs, like homemade mayo or sunny-side-up eggs, especially for children, older adults, or those with compromised immune systems. Are backyard or farm eggs safe? If you're buying eggs from local farms, private backyard hens, or international markets, the level of oversight is often lower. These eggs can carry a higher risk of contamination, especially when hens are outdoors and exposed to wild birds or animals. 'Eggs from hens that roam freely or come from countries with less food safety control should be heat-treated before eating,' Aspholm advises. Can you freeze eggs? Yes, but with a caveat. You'll need to remove the shell first. While freezing doesn't eliminate bacteria, it can still be a viable long-term storage method. However, frozen eggs lose some of their functional properties, such as their ability to whip into fluffy foam. So, should you refrigerate eggs? Absolutely. Especially in summer. Whether you're in Norway or elsewhere, keeping eggs in the refrigerator significantly extends their shelf life and reduces bacterial growth. Even if your local store sells them at room temperature, pop them in the fridge as soon as you get home.
