National Securities Depository Ltd (NSDL) Soars on Debut, Shares List 15% Higher
National Securities Depository Ltd (NSDL) shares had a robust start on Wednesday, opening 15% above the issue price of Rs 800. NSDL shares debuted at Rs 880 on the BSE, marking a 10% premium over the issue price. The stock surged further by 15% to reach Rs 920, propelling the company's market valuation to Rs 18,249 crore on the BSE. NSDL's Initial Public Offering (IPO) of Rs 4,011 crore garnered a subscription of 41 times on the closing day of bidding on Friday. Despite NSDL's success, the overall market trend was negative, with the BSE Sensex slipping by 102.09 points or 0.13% to 80,608.16 during Wednesday's trading session. NSDL had previously raised over Rs 1,201 crore from anchor investors. The IPO was priced in the range of Rs 760-800 per share, as reported by PTI. The IPO consisted solely of an Offer For Sale (OFS) component of 5.01 crore shares, with shares being divested by the National Stock Exchange of India (NSE), State Bank of India (SBI), HDFC Bank, IDBI Bank, Union Bank of India, and Administrator of Specified Undertaking of the Unit Trust of India (SUUTI). As the IPO was entirely an Offer for Sale (OFS), NSDL did not receive any funds directly from the public issue. With this listing, NSDL becomes the second depository in India to be publicly traded, following CDSL, which was listed in 2017.
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Man Loses Leg in 'Phatka Gang' Attack on Moving Train in Kalyan
KALYAN: A 22-year-old farmer from Nashik suffered a partial amputation of his left leg after being hit by the notorious 'Phatka gang' near Kalyan. The incident occurred on Sunday morning while Gaurav Nikam was travelling on the Tapovan Express from Thane to Nashik. According to Kalyan GRP, the incident happened between Shahad and Ambivli railway stations when the train slowed down near Irani Pada. Nikam was on a phone call near the train door when a minor boy from outside struck his hand with a
Allegations of Fraudulent Surrogacy Practices Surface at Hyderabad Fertility Clinic
HYDERABAD: Gopalapuram police have registered five new cases against the head of Srushti Fertility Clinic Dr Athaluri Namratha alias Pachipala Namratha, and others based on complaints lodged by five sets of victims. While in one case a couple alleged that the doctor handed them a baby whose DNA did not match theirs, three other couples accused the clinic of adopting dubious methods. They claimed that they had already paid the money â anywhere from Rs 12.5 lakh to Rs 19 lakh â and even deposited their biological samples when they grew suspicious about the operations of Dr Namratha and her clinic. The frauds occurred between 2019 and 2025. Cops are yet to ascertain details of the fifth case.
Uttarkashi Cloudburst Horror: Flash Floods Sweep Away Village, People Seen Running For Their Lives
DEHRADUN: A man narrowly escaped death after the flash flood swept through Dharali village in Uttarkashi on Tuesday, triggering a massive pile of debris. He was seen crawling out from the rubble, covered in mud and visibly injured, moments after the deadly waters destroyed homes, shops, and roads in seconds. The man's identity and his current condition remained unknown as of Tuesday evening, but widely circulated videos have already hailed him as a hero. Officials have not yet confirmed whether he was later taken to hospital or rescued by disaster response teams.
Can Vijay be the Next MGR in Tamil Nadu Elections?
A huge poster of actor Vijay stares down from the wall. A digital signboard flashes: 285 days, 3 hours, 43 minutes and 46 seconds, a countdown to the 2026 assembly election in Tamil Nadu. Scores of people sit glued to screens, fingers flying over keyboards, some others are on mobile phones trying to reach voters in remote hamlets. The Tamizhaga Vettri Kazhagam (TVK) war room in Chennai is fully activated.
Man Loses Leg in 'Phatka Gang' Attack on Moving Train in Kalyan
KALYAN: A 22-year-old farmer from Nashik suffered a partial amputation of his left leg after being hit by the notorious 'Phatka gang' near Kalyan. The incident occurred on Sunday morning while Gaurav Nikam was travelling on the Tapovan Express from Thane to Nashik. According to Kalyan GRP, the incident happened between Shahad and Ambivli railway stations when the train slowed down near Irani Pada. Nikam was on a phone call near the train door when a minor boy from outside struck his hand with a
Allegations of Fraudulent Surrogacy Practices Surface at Hyderabad Fertility Clinic
HYDERABAD: Gopalapuram police have registered five new cases against the head of Srushti Fertility Clinic Dr Athaluri Namratha alias Pachipala Namratha, and others based on complaints lodged by five sets of victims. While in one case a couple alleged that the doctor handed them a baby whose DNA did not match theirs, three other couples accused the clinic of adopting dubious methods. They claimed that they had already paid the money â anywhere from Rs 12.5 lakh to Rs 19 lakh â and even deposited their biological samples when they grew suspicious about the operations of Dr Namratha and her clinic. The frauds occurred between 2019 and 2025. Cops are yet to ascertain details of the fifth case.
Uttarkashi Cloudburst Horror: Flash Floods Sweep Away Village, People Seen Running For Their Lives
DEHRADUN: A man narrowly escaped death after the flash flood swept through Dharali village in Uttarkashi on Tuesday, triggering a massive pile of debris. He was seen crawling out from the rubble, covered in mud and visibly injured, moments after the deadly waters destroyed homes, shops, and roads in seconds. The man's identity and his current condition remained unknown as of Tuesday evening, but widely circulated videos have already hailed him as a hero. Officials have not yet confirmed whether he was later taken to hospital or rescued by disaster response teams.
Can Vijay be the Next MGR in Tamil Nadu Elections?
A huge poster of actor Vijay stares down from the wall. A digital signboard flashes: 285 days, 3 hours, 43 minutes and 46 seconds, a countdown to the 2026 assembly election in Tamil Nadu. Scores of people sit glued to screens, fingers flying over keyboards, some others are on mobile phones trying to reach voters in remote hamlets. The Tamizhaga Vettri Kazhagam (TVK) war room in Chennai is fully activated.
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Warren Buffett's Circle of Competence: An Investing Philosophy
Warren Buffett, the billionaire investor behind the success of Berkshire Hathaway, is widely admired not just for his wealth, but for his simple, time-tested investment philosophy. One of his most powerful ideas is the “circle of competence” — the concept that you don’t need to understand everything about every business to be a great investor. Instead, staying within your intellectual comfort zone is the key to making rational, long-term decisions. As Buffett once wrote, understanding your limits is more important than having a vast amount of knowledge. This principle still offers a practical framework for anyone looking to invest wisely in today’s fast-paced market.
Alaan Raises $48 Million in Series A Round Led by Peak XV Partners
BENGALURU: UAE-based spend management platform Alaan has raised $48 million in a Series A round led by Peak XV Partners, marking one of the largest early-stage funding deals in the Middle East's fintech sector. The round saw participation from 885 Capital founders Sudeep Ramnani and Jai Mahtani, Y Combinator, 468 Capital, and Pioneer Fund. The funding, which was oversubscribed, included both primary and secondary components. It also drew backing from several prominent regional and global operators, including Tabby founder Hosam Arab, Careem founder Mudassir Sheikha, Pleo founder Jeppe Rindom, Astra Tech founder Abdallah Abu-Sheikh, and Talabat CPO Yi Wei Ang.
ZestMoney to Cease Operations, Impacting 150 Employees
NEW DELHI: Buy now Pay Later (BNPL) startup ZestMoney has decided to shut operations. The move will impact some 150 employees of the firm, the company's management told employees in a town hall on Tuesday. ZestMoney did not comment. It is learnt that the firm will shut down by the end of this month.
Gold and Silver Price Prediction Today
Gold price prediction: MCX Gold prices have been trading significantly above the â¹1,00,000 mark, indicating strong bullish momentum in the domestic market. (AI image)
Gold and silver price prediction today: Gold rates have been exhibiting bullish momentum in the domestic market. What levels of gold and silver prices should investors watch out for? Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group shares his views:
MCX Gold
MCX Gold prices have
Asian Stock Markets Rise on US Rate Cut Hopes
Asian stock markets climbed on Thursday, buoyed by a tech rally on Wall Street, upbeat earnings, and hopes of US rate cuts. Investor confidence followed after Trump's 100% chip tariff threat came with exemptions for several companies.
Use Crisis to Unleash Reforms: Anand Mahindra
MUMBAI: Industrialist Anand Mahindra has said that US tariffs will have the unintended consequences of creating new growth drivers, and India should use the opportunity to unleash reforms like in 1991 and promote tourism as a forex engine. In an elaborate post on X following the tariff announcements, the Mahindra & Mahindra chairman outlined his two proposals - creating a genuine single-window clearance system for all investments, starting with willing states aligning to a national platform to d
Wall Street Update: Markets React to Tariff Uncertainty
Wall Street experienced slight gains on Wednesday as investors analyzed a plethora of corporate earnings to assess how businesses are navigating President Donald Trump's tariffs. The Nasdaq rose by 60 points or 0.29%, reaching 20,977. The S&P 500 followed suit with a modest increase of 11 points, up by 0.18% to 6310. On the other hand, the DJIA dipped by 12 points or 0.03% to settle at 44,099 by 7:25 PM IST.
Airbus Appoints Jürgen Westermeier as President and MD for India and South Asia
NEW DELHI: Airbus has appointed Jürgen Westermeier (53) as the president and MD for India and South Asia, effective Sept 1, 2025. Jürgen, currently EVP & chief procurement officer at Airbus, will succeed Rémi Maillard who will become EVP engineering for commercial aircraft and head of technology at Airbus.