Yesterday’s big news was related to Bajaj Housing Finance Limited. Bajaj Finance’s subsidiary company Bajaj Housing Finance Limited is preparing to bring an Initial Public Offering i.e. IPO soon. The company wants to raise Rs 7,000 crore through this IPO. At the same time, the Reserve Bank of India i.e. RBI was the third largest gold buyer in the world in May. According to the World Gold Council, India bought gold worth about Rs 722 crore last month. Only Switzerland and China bought more gold than India. Before tomorrow’s big news, today’s major events, which will be watched… Now read tomorrow’s big news… 1. Bajaj Housing Finance submitted draft-papers to SEBI: The company wants to raise Rs 7,000 crore through IPO Bajaj Finance’s subsidiary company Bajaj Housing Finance Limited is preparing to bring an Initial Public Offering i.e. IPO soon. The company has filed Draft Red Herring Prospectus (DRHP) i.e. papers with the Securities and Exchange Board of India (SEBI) to bring IPO. Through this IPO, the company wants to raise Rs 7,000 crore. Bajaj Housing Finance has given this information in the exchange filing. According to the company’s DRHP, Bajaj Housing Finance’s proposed IPO will have a fresh issue of equity shares worth up to Rs 4,000 crore. Click here to read the full news… 2. India bought gold worth Rs 722 crore in May: Third largest buyer in the whole world, Switzerland on top Reserve Bank of India i.e. RBI was the third largest gold buyer in the world in May. According to the World Gold Council, last month India bought gold worth about Rs 722 crore. Only Switzerland and China bought more gold than India. In the last 5 financial years, India increased its gold reserve by about 204 tonnes of gold. In March 2019, the country’s gold reserve was 618.2 tonnes, which increased by 33% to 822.1 tonnes on 31 March 2024. However, during this period, gold prices have increased by about 70%. Click here to read the full news… 3. Chandrababu family’s wealth increased by ₹858 crores in 5 days: Shares of Heritage Foods, which has a 35.71% stake, rose by 55%; Confidence increased after victory in Andhra-Centre Chandrababu Naidu family’s wealth has increased by ₹858 crores in the last 5 days. According to media reports, this has happened due to a 55% rise in the shares of Heritage Foods during this period. The promoter of Heritage Foods is Nara Lokesh, son of party chief Chandra Babu Naidu. Chandrababu Naidu will take oath as the Chief Minister of Andhra Pradesh on June 12. Heritage Group was founded by Chandrababu Naidu in 1992. This company works in the dairy, retail and agri segments. Telugu Desam Party (TDP) chief Chandrababu Naidu has performed brilliantly in the recently held Andhra Pradesh Assembly and Lok Sabha elections. This has increased investors’ confidence in his company. Click here to read the full news… 4. Co-founder Sachin Bansal exits Ather Energy: Sachin sells his remaining 7.5% stake to Hero and Zerodha’s Nikhil Kamath Flipkart co-founder Sachin Bansal has sold his remaining 7.5% stake in electric two-wheeler company Ather Energy. Now he has no stake left in Ather Energy Private Limited. According to the Economic Times report, Bansal has sold his stake to Hero MotoCorp and Zerodha co-founder Nikhil Kamath. Bansal was among the early investors for Ather Energy and has invested about Rs 400 crore in the company since 2014. Click here to read the full news… 5. TVS recalls 45 thousand i-Cube electric scooters: Recalled due to defect in chassis bridge tube, company will also replace parts for free TVS Motor has issued a recall for its popular electric scooter i-Cube. This recall of the company includes electric scooters manufactured between July 10 and September 9, 2023. TVS has not disclosed the exact number of scooters affected by this recall. However, media reports have claimed that the recall may include around 45,000 units. Click here to read full news… 6. Poco’s cheap smartphone will be launched on June 11: Poco M6 will get 108MP pro-grade dual rear camera, expected price ₹ 10,758 Tech company Poco is going to launch a new cheap 4G smartphone in the M series in the global market on June 11. The brand has released a teaser on the social media platform. It also has specifications and price details. It is being told that this phone is a rebranded version of Redmi 13 4G. It will get 108MP pro-grade dual rear camera and 33W fast charging support. Poco M6 4G has been shown in the teaser with three color options – Black, Purple and White. The smartphone has a dual rear camera setup and LED flash on the back panel. Click here to read the full news… Also see who were the top 10 richest people in the world yesterday… The market was closed on Saturday, so know the status of Friday’s stock market and gold-silver… Know the latest price of petrol-diesel and gas cylinder…
