Innoventive Industries made a weak debut on the bourses today, opening nearly 6% lower on the BSE vis-a-vis its issue price of Rs117 per share
Multi-product engineering company Innoventive Industries made a weak debut on the bourses today, opening nearly 6% lower on the Bombay Stock Exchange (BSE) vis-a-vis its issue price of Rs117 per share.
The stock opened at Rs110, down 5.98% from the issue price on the BSE. Within minutes, the stock slipped by 13.33% to trade at Rs101.40.
On the National Stock Exchange, the scrip debuted at Rs111.95, down 4.31% vis-a-vis its issue price.
In terms of volume, over 65 lakh shares of the company changed hands on the bourses within the first few minutes of trade.
The Pune-based company had entered the capital market with a price band of Rs117-Rs120 a share through a Rs219.58 crore public offer.
The company plans to utilise the proceeds of the IPO on capacity expansion of its manufacturing facility located at Pimple Jagtap in Pune, repayment of term loans and general corporate purposes.
Uninor has launched a health application named ‘Wellness World’ in association with value-added services provider Handygo for its customers across the nation
Telecom company Uninor has launched a health application named 'Wellness World' in association with value-added services provider Handygo for its customers across the nation.
The application will provide up to date information regarding heart care, women's health, diet and nutrition, human immunodeficiency virus (HIV) and sexually transmitted diseases (STDs), pain management, sexual health, stress and love, relationship and adolescent issues.
"Despite the consistent rate of development, India still faces grave issues when it comes to health information dissipation. 'Wellness World' endeavours to find a solution to this problem with its most comprehensive health verticals via a communication channel that has the maximum penetration-the Mobile phone," handygo CEO Praveen Rajpal said in a statement.
"We are also in the process of incorporating telemedicine facility for delivering the finest mHealth solution," Rajpal added.
This application will be available on both IVR (Interactive Voice Response) and SMS platforms to provide daily information to Uninor's subscribers on health related issues.
For accessing this service, Uninor subscribers need to dial in a short code-522770. Uninor is also offering subscription packs for this service.
For this information Handygo Technologies has partnered with various hospitals such as VIMHANS, GM Modi, Jaipur Golden hospital to name a few to ensure the information provided is relevant, accurate and up to date, the statement said.
On Friday the 13th May, the mainline media was totally immersed with the election results from the five states that went to the poll in the past month. They focused on the sweeping victories of Mamata Banerjee and J Jayalalithaa. Funnily, according to a tweet, Kalaignar TV which is owned by members of the family of defeated chief minister K Karunanidhi, stopped telecasting the election results
Trinamool Congress chief Mamata Banerjee and All India Anna Dravida Munnetra Kazhgam (AIADMK) supremo J Jayalalithaa have emerged clear winners in the assembly elections in West Bengal and Tamil Nadu, putting the spotlight back on woman power. Mamata ended the over three-decade rule of the CPI(M)-led Left parties alliance, while Jayalalithaa returns to power for a third time defeating the Dravida Munnetra Kazhgam (DMK)-Congress alliance.
Both women are single, and they galvanised their respective parties to power almost single-handedly. There are some other interesting similarities as well. Both parties have similar election symbols-the TMC's symbol is a pair of Jora Ghas Phul (grass root flower), while the AIDMK has two leaves for its symbol.
Also, both leaders had supported the Atal Bihari Vajpayee government back in 1998. But while Jayalalithaa was responsible for bringing down the Vajpayee government by withdrawing support suddenly, Ms Banerjee stepped out of the Vajpayee government over a Tehelka expose in 2001, but returned to the National Democratic Alliance a couple of years later.
Very few imagined that the Left could be defeated in West Bengal, but Mamata has made this happen through small, determined steps in a persistent struggle. West Bengal has a 294-member legislative assembly. The TMC had only 31 members in the previous house and the Congress just 20, compared to the CPI-M's 176.
The TMC chief, in her first address after the victory, said, "This is a victory of democracy, victory of 'maa, maati, manush' (mother, land, people). We will give good governance. There will be end of autocracy and atrocities. This is the victory of people against years of oppression."
According to trends for 294 seats, the TMC-led alliance was ahead in over 226 seats. The Left Front was ahead in only 63 seats, with CPI-M leading in 48 seats. TMC alone was leading in 177 seats, while its ally Congress was leading in 33 seats.
While the landslide victory for the TMC was along expected lines, Jayalalithaa surpassed all exit poll predictions. The political career of the film star-turned-politician has been interrupted regularly by allegations of corruption and she lost power twice on corruption charges. This time, it seems that the people of Tamil Nadu have decided to give her yet another chance, in the wake of the 2G spectrum scam involving DMK leader A Raja and the investigation that has also listed chief minister K Karunanidhi's daughter Kanimozhi.
In the Tamil Nadu assembly elections in 2006, the AIADMK won 61 seats in a house of 234 members. In the 2009 Lok Sabha elections also, the AIADMK managed to win just nine out of the 39 seats in Tamil Nadu. According to the trends available, the AIADMK alliance is likely to win nearly 194 seats and the DMK-Congress combine only 33 seats.
It seems that the wave in Tamil Nadu also influenced the result in Puducherry, where the All-India NR Congress-AIADMK combine looked set for an easy majority winning in 16 constituencies and leading in four more in counting of votes for the 30-member Assembly. Congress-DMK front managed won nine seats.
In Kerala, the Congress-led United Democratic Front (UDF) only just managed to edge out the CPI(M)-led Left Democratic Front (LDF), winning 72 of the 140 crossing the magic figure of 71 required for a simple majority as against its rival LDF's 68.
The Congress was a clear winner in Assam, with wins or leads in 80 of the constituencies in the 126-member Assembly. The principal opposition party, Asom Gana Parishad (AGP), was leading in 10 and the Bodoland Peoples Front leading in five seat and have won in six constituencies so far.