Profit by knowlytics
Hindustan Copper’s government OFS drew strong institutional demand, with the non-retail portion subscribed 3.41 times on Tuesday. The Centre exercised the full greenshoe option, taking the potential stake sale to 6%, while retail investors can bid on Wednesday at a floor price of Rs 514 per share. The company’s strong Q1 performance and plans to…
12-year-old hailed ‘hero’ for calling 911 before Montana gunman killed her, 7 others
The proposal had come up for discussion at an earlier Apex Council meeting of the BCCI and will now be placed before the AGM for consideration. If approved, the move would bring the Union Territory into the BCCI fold. Associate membership, however, does not carry voting rights. It will, though, provide a pathway for Andaman…
Schools in several Indian states and Union Territories are observing a holiday on Wednesday, August 26, 2026, for Eid-e-Milad, but there is no uniform nationwide school closure order. Holiday arrangements vary according to state calendars, local orders and individual school schedules. Delhi-NCR schools may remain closed where the festival holiday applies, while Kerala also observes…
The ITAT Jaipur has ruled that eligible taxpayers could claim Section 87A rebate on tax payable on short-term capital gains under Section 111A for AY 2024-25. The Tribunal said the law applicable that year did not expressly bar the rebate on STCG, despite the CPC denying it during return processing.
Around 9.13 lakh women have registered for the Delhi Lakshmi Yojana, with 6.52 lakh applications finally submitted. The Delhi government is formally launching the scheme on August 26, with sanction letters being handed over to around 4,000 eligible women.
The Indian stock market is expected to open higher on 26 August, following positive global cues. The Nifty and Sensex ended the previous session positively, aided by falling oil prices amid diplomatic efforts in the Strait of Hormuz.
Buy or sell indicator: Vaishali Parekh recommends three stocks to buy today — Astral, Sai Life Sciences, and ICICI Bank
Hindustan Copper shares gain attention as the retail segment of the government’s Offer for Sale opens on 26 August. Non-retail investors previously oversubscribed, prompting the government to increase the stake sale to 6%. Retail bids can be accepted at a floor price of ₹514 per share.
By the end of Day 2, the IPO was subscribed 2.46 times, with bids received for 2.95 crore shares on offer. Retail investors showed particularly strong demand, with their portion subscribed 3.54 times against the 1.48 crore shares reserved for them.