PM Modi To Inaugurate ‘Karmayogi Saptah’ Tomorrow

Kohli became the fourth Indian batter to reach the feat after Sachin Tendulkar (15,921), Rahul Dravid (13,265) and Sunil Gavaskar (10,122). Among them, Kohli is the slowest to reach the milestone in terms of innings taken (197).

The 35-year-old batter, who has not hit a Test fifty in 2024, smashed his 31st Test half-century as India were put under pressure by New Zealand after posting 402 in the first innings.

Kohli is the second-highest Test run-getter among active players after England's Joe Root (12,716 runs). In the overall list, he is placed in 18th spot.

Glenn Phillips finally ended Kohli's innings for 70, which included eight fours and a six as India were 231/3 at stumps on Day 3. Sarfaraz Khan is unbeaten on 70 as India trail by 125 runs after bundling out 46 in the first innings, their lowest total at home.

Kohli and Sarfaraz had a 136-run partnership for the third wicket to stabilise the innings after the wickets of Yashasvi Jaiswal (35) and India captain Rohit Sharma (52).

Earlier, an excellent 134 from Rachin Ravindra – his second Test century - helped New Zealand take a lead of 356 runs after their first innings ended at 402 in 91.3 overs. For India, spinners Ravindra Jadeja and Kuldeep Yadav were the pick of the bowlers by taking three wickets each.

Ravindra dazzled to hit 13 fours and four sixes in his 157-ball knock yielding his second international hundred in Bengaluru, the city of his family’s origin. He also added a crucial 137 runs for the eighth wicket with Tim Southee, who hit 65 off 73 balls. It’s now the joint-highest eighth wicket partnership for New Zealand in Tests against India.

--IANS

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Ola Electric’s stock continued to tank and closed at a record low of Rs 86.95. After making its public debut at Rs 76 apiece, the Bhavish Aggarwal-run EV company’s stock once reached an all-time high of Rs 157.40.

The stock has fallen over 45 per cent from its highest level since then. On Friday, Ola Electric’s stock touched a low of Rs 85.02 and a high of Rs 88.

Meanwhile, buying was seen in all sectors including auto, PSU banks, fin services, metal, realty, media, and energy except the IT and FMCG sectors.

The BSE Sensex closed at 81,224.75 after gaining 218.14 points, or 0.27 per cent, at the end of trading.

At the same time, the NSE Nifty closed at 24,854.05 after gaining 104.20 points or 0.42 per cent.

The Nifty Midcap 100 index closed in green at 58,649.15 after gaining 183.20 points or 0.31 per cent at the end of trading. The Nifty Smallcap 100 index closed at 19,077.80 after gaining 11.85 points or 0.06 per cent.

The market trend was mixed. On the Bombay Stock Exchange (BSE), 1,942 stocks were trading in the green, and 1,993 stocks in the red, while 108 stocks closed unchanged.

Infosys, Asian Paints, Nestle India, Hindustan Unilever Limited, Tech Mahindra, HCL Tech, Titan, Maruti, ITC, Bajaj Finance, and M&M were the top losers in the Sensex pack. On the other hand, Axis Bank, ICICI Bank, Tata Motors, Tata Steel, NTPC, JSW Steel, Sun Pharma, SBI, Adani Ports, TCS UltraTech Cement, and HDFC Bank were the top gainers.

Axis Bank, Wipro, Eicher Motors, ICICI Bank, Shri Ram Finance, Hindalco, HDFC Life, and Grasim were the top gainers in the Nifty pack. Infosys, Asian Paints, Britannia, Nestle India, Hindustan Unilever Limited, Tech Mahindra, Titan, Bajaj Auto, and ITC were the top losers.

Foreign institutional investors (FIIs) sold equities worth Rs 7,421 crore on October 17, while domestic institutional investors bought equities worth Rs 4,979 crore on the same day.

According to Krishna Appala, Senior Research Analyst at Capital Mind Research, the market extended its negative trajectory for the third consecutive week, with the Nifty 50 down 5.2 per cent from its recent peak.

"On a weekly basis, the Nifty 50 declined by 0.4 per cent, while the CNX Midcap dropped 0.7 per cent, and the CNX Smallcap showed a modest gain of 0.5 per cent," Appala said. (IANS) 

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The fresh issue of 50,84,000 equity shares at a face value of Rs.10 each.

Equity Share Allocation:

• QIB Anchor Portion - UpTo 14,34,000 Equity Shares
• Qualified Institutional Buyers (QIB) including Anchor Portion - UpTo 24,08,000 Equity Shares
• Non-Institutional Investors (NII) - At least 7,28,000 Equity Shares
• Retail Individual Investors (RII) - At least 16,92,000 Equity Shares
• Market Maker - UpTo 2,56,000 Equity Shares

The net proceeds from the IPO will be utilized for working Capital Requirements, Repayment of Debt and General Corporate Purposes. The bidding for the Anchor portion will open on Monday, 21st October 2024, the issue will open for subscription for all other categories from Tuesday, 22nd October 2024 and close on Thursday 24th October 2024.

Over the past 3 decades, United Heat Transfer Limited has worked very hard to show beyond doubt that they are the pioneers in their industry, their long list of clientele has put their utmost trust in them to deliver heat exchanger equipment like Shell & Tube Heat Exchangers, Air Cooled Heat Exchangers, Marine Heat Exchangers, Moisture Separators, Automatic Backflush Filters, Pressure Vessels and Process Flow Skids etc. They have carefully created their equipment keeping the environment and sustainability at the top of their minds and hearts. United Heat Transfer Limited was founded on the foundation of serving the people with the utmost respect and made a commitment to serve their customers by partaking in educational programs and motivating the people. This expansion will allow them to extensively give back to the community and people by further growing their reach towards creating more solutions catered to environmental conservation and community welfare.

Yogesh Patil, Chairman and Managing Director of United Heat Transfer Limited expressed “We are elated to come out with our own IPO, this is a vital decision and moment for us. This IPO will allow us to strengthen our partnerships with our diverse clients both domestically and internationally by expanding into Europe, The USA, and Asian countries. This allocation will enable us to aggressively serve and work towards our goal of becoming the preferred choice for our stakeholders.”

Vivek Patil, Whole Time Director of United Heat Transfer Limited said “The Heat Exchanger Equipment industry has carved out its niche and now we have successfully expanded our clientele globally, our steady growth can be only accounted for by our motivation to strive for excellence in every aspect of our working. We have always kept our initiatives to create a sustainable living and creating an ecological impact at utmost priority, which resonates with our clients the most. With this IPO we want to expand our initiatives by serving more and more sectors.”

The Book Running Lead Manager to the issue is Swastika Investmart Limited.

Commenting on the development Sunil Nyati, MD, Swastika Investmart Ltd. “We are delighted to support United Heat Transfer Limited towards their journey to the public markets. The company's commitment to innovation and sustainability in the heat exchanger industry has positioned them as leaders, and this IPO marks a significant milestone for its growth. We are confident that this offering will unlock new opportunities for the company and its stakeholders.”

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