RSB Retail India deposited the draft for IPO, is on raising ₹ 1500 crore

RSB Retail India wants to raise up to Rs 1500 crore through its IPO. The company has submitted a draft for the IPO near the Capital Market Regulator SEBI. New shares worth Rs 500 crore will be released in this IPO. Also, there will be an offer for sale of 2.98 crore shares from the promoters. RSB Retail India runs its business through multibrand format outlets, exclusive ethnic format outlets and hypermarkets.

The company sells Ethnic Wear, Everyday Casual Wear and Formal Wear. As of March 2025, there were 73 stores in 3 South Indian states. After Andhra Pradesh and Telangana, it also stepped into a Dè Royal store in Bengaluru, Karnataka. Motilal Oswal Investment Advisors, HDFC Bank and IIFL Capital Services, Book Running Lead Manager for IPO.

How to use IPO money

RSB Retail India was earlier known as RS Brothers Retail India. The first RS Brothers store opened in 1999 in the category of Telangana. The company will use Rs 275 crore out of the money to be received by releasing new shares in its IPO. 118.2 crore is planned to be used to start new stores under RS Brothers and South India shopping mall format. The rest of the money will be spent for normal corporate purposes.

Financial status of RSB Retail India

RSB Retail India 7 types of stores- South India Shopping Mall, RS Brothers, Kanchipuram Narayani Silks, Dè Royal, Value Zone Hyper Mart, Ethnic Destination and Status do business through exclusive men’s wear. The company’s net profit was Rs 104.4 crore in FY 2025. In FY 2025, the company’s revenue was Rs 2693.9 crore.

Disclaimer: Here information provided is being given only for information. It is necessary to mention here that the investment market in the market is subject to risks. Always consult experts before investing money as an investor. There is never advice to anyone to invest money on behalf of Moneycontrol.

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'No ruling side or opposition for us': EC in first presser since Bihar SIR; backs exercise | India News

NEW DELHI: The Election Commission of India on Sunday, in its first presser since the controversial special intensive revision (SIR) in Bihar, dismissed the opposition’s claims of biased approach towards any political party and said that there was “no ruling side or opposition for us”. “As per the Constitution of India, every citizen of India who has attained the age of 18 years must become a voter and must also vote. You all know that, as per the law, every political party is born through registration with the Election Commission,” Chief Election Commissioner Gyanesh Kumar said.Then how can the Election Commission discriminate among the same political parties? For the Election Commission, all are equal. No matter who belongs to any political party, the Election Commission will not step back from its constitutional duty,” he added.He further raised concerns over some parties and leaders “spreading misinformation on SIR in Bihar.”Earlier in the day, Rahul Gandhi slammed the EC’s Special Intensive Revision in Bihar as a “conspiracy to steal” the upcoming polls.“I am telling you from this stage that Vidhan Sabha and Lok Sabha elections are being stolen in the entire country. Their latest conspiracy is to conduct SIR in Bihar and steal the Bihar elections as well. All of us have come to this stage to tell you that we will not let them steal this election,” Rahul Gandhi said at Congress’s ‘Voter Adhikar Yatra’ event.The poll body and state CEOs have repeatedly refuted Rahul Gandhi’s Aug 7 “vote chori” allegations and similar opposition claims through fact-checks on social media.EC on Saturday reiterated that electors and political parties have a month-long period to submit claims and objections prior to the publication of the final roll. Beyond this, they can still pursue a two-stage appeal—initially with the district magistrate (DM) and thereafter with the chief electoral officer (CEO).“It seems some political parties and their booth level agents did not examine the electoral rolls at the appropriate time (during claims and objections and then, the appeal period) and did not point out errors, if any, to SDMs/EROs, DEOs or CEOs,” EC said, adding if done at the “right time through the right channels, it would have enabled the SDM/ERO to correct the mistakes, if genuine, before those elections,” it said.It said that the parliamentary and assembly election system is a multi-layered, decentralized setup. Sub-Divisional Magistrates act as Electoral Registration Officers (EROs), assisted by Booth Level Officers (BLOs), to prepare and finalize electoral rolls and ensure their accuracy. Once the draft roll is published, both digital and physical copies are shared with political parties and uploaded on the ECI website.

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'There is no party nor any opposition for the Election Commission, all are equivalent': ECI replied on the allegations of Bihar SIR and 'Vote Theft', read- Election Commission of India Press Conference Amid Bihar Sir Row and Rahul Gandhi Vote Chori Charge

ECI Press Conference: The Election Commission (ECI) held a press conference on Sunday (August 17) amid the continuous opposition from opposition parties over the allegations of ‘vote theft’ made by Congress leader Rahul Gandhi and the Special Intensive Revision (SIR) of the Voter List released in Bihar. In addition to the announcement of the election schedule, formally calling a press conference by the Election Commission on any other issue is an unusual thing in itself. During this, the Election Commission responded to all the allegations of the opposition leaders.

Election Commissioner Gyanesh Kumar said that there is no party nor any opposition for the Election Commission. He said, “Every political party is born from registration in the Election Commission, then how can the Election Commission discriminate between those political parties.” He said that every citizen of India, who has completed the age of 18 years. Nomination should be done as a voter and exercise your franchise.

In the press conference of the Election Commission, Chief Election Commissioner Gyanesh Kumar further said, “Every political party is given complete information about the voter list but unfortunately some political parties are spreading confusion.”

Rahul Gandhi has accused the ‘vote chari’

Rahul Gandhi has repeatedly accused the Election Commission of rigging the voter-related data. They allege that ‘vote theft’ has taken place in Maharashtra, Karnataka and Haryana. The Commission has asked the Congress leader to release the names of those people, who claims that they have been incorrectly added or removed in the voter list. Also asked to present an a declaration.

The Election Commission has even said that if the Leader of Opposition in the Lok Sabha fails to give an affidavit in support of his allegations, then they will have to apologize. Opposition parties are also raising questions about the Election Commission’s move to conduct a special intensive revision (SIR) of the voter list in Bihar. Opposition parties claim that crores of eligible citizens will be denied the franchise in the absence of papers.

The Supreme Court has also asked the Election Commission to release the details of 65 lakh names removed from the voter list to increase transparency in the voter list in Bihar, including the reasons for not including them, on the Election Commission website. Currently, the case continues to be heard in the apex court.

Rahul Gandhi launched ‘Voter Adhikar Yatra’

Leader of Opposition in the Lok Sabha, Rahul Gandhi on Sunday alleged that conspiracy was being made to steal elections through the SIR of Bihar Voter List, but the opposition will not allow this to happen. The former Congress president also claimed in a meeting organized before the start of the ‘Voter Adhikar Yatra’ that now everyone has come to know that votes are being stolen across the country. Rahul Gandhi said that this is a fight to save the Constitution.

He claimed that efforts are being made to steal the election by adding names to the voter list through SIR and removing the name. But this conspiracy will not be allowed to succeed. The Congress leader said, “Wherever the vote is being stolen, we will catch this theft and tell the public.” Rahul Gandhi claimed that Prime Minister Modi came under pressure and talked about getting caste census, but it is known that he will not conduct a real caste census.

The issue of Bihar SIR will also be raised in this journey. A total of 1,300 km will be covered in more than 20 districts in 16 days in the yatra. Rahul Gandhi will also take a march in various places in this visit. The trip starting from Sasaram will conclude on 1 September with a ‘Voter Rights Rally’ at the historic Gandhi Maidan in Patna.

This public meeting will include national level leaders of the ‘India’ alliance. The journey will pass through Aurangabad, Gaya, Nawada, Nalanda, Sheikhpura, Lakhisarai, Munger, Bhagalpur, Katihar, Purnia, Araria, Supaul, Madhubani, Darbhanga, Sitamarhi, East Champaran, West Champaran, Gopalganj, Siwan, Chhapra and Ara.

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Tragedy at Amex: Brighton fan dies after collapsing during Premier League opener vs Fulham; but match continued | Football News

Brighton players ahead of the match vs Fulham. The club observed a minute’s silence for Diogo Jota and Andre Silva (Image via X/@OfficialBHAFC)

Brighton and Hove Albion have confirmed that a supporter passed away during their Premier League opener against Fulham on Saturday. The 72-year-old man became unwell in the second half of the match while seated in the east stand upper. Despite immediate attention from emergency staff and prolonged efforts that included CPR and defibrillation, the supporter could not be revived. Privacy screens were quickly put up as medical teams worked on the scene. Paramedics from South East Coast Ambulance Service, St John Ambulance, Sussex Police, the club’s crowd doctor and stewards were all involved in the response. In a statement on the club’s official website, chief executive and deputy chairman Paul Barber said, “This was an incredibly sad end to the match this afternoon, and our deepest sympathies and condolences go out to the family and friends of the gentleman who lost his life. While the gentleman concerned is foremost in our minds, we are also aware that it was an emotional and distressing situation for staff and supporters in the direct vicinity. Over the coming days we will ensure those affected are properly supported.” Club doctor and emergency medicine consultant Dr Rob Galloway also addressed the tragedy. He said, “Firstly, I would like to convey my condolences and sympathies to the gentleman’s family and friends. It was a tragic outcome, but from an emergency response perspective, the medical care was exemplary, and the professionalism of club stewards and Sussex Police provided the medical team with the best possible working environment.” Officials explained why play was not halted during the incident. Brighton’s safety team, in consultation with Sussex Police and the Premier League, decided that stopping the match might have drawn unnecessary attention to the scene and disrupted resuscitation attempts. They also noted that any delay could have complicated matters if the supporter had responded and needed immediate transport to hospital.

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Do you think the match should have been paused during the medical emergency?

The match ended in a 1-1 draw, but the result was overshadowed by the events in the stands. For Brighton, the day will be remembered less for the football and more for the loss of one of their own, with tributes and condolences now flowing toward the supporter’s family and friends.

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'War 2' box office collection day 4 (Live): The Hrithik Roshan, Jr NTR, Kiara Advani starrer crosses the Rs. 150 crore mark, while Rajinikanth’s ‘Coolie’ closes in on the Rs. 170 crore on Sunday |

Three powerhouse performers of the Indian entertainment industry joined hands for one of the biggest spy thrillers of 2025 – ‘War 2’. With the star power of Hrithik roshan, JR NTRand Kiara Advanithe vision of director Ayaan Mukherji, and a gripping tale packed with high-octane action sequences, the movie became the talk of the town right from the word go. Released on August 14, the film did live up to the expectations with an impressive opening. However, after smashing collection on August 14 and 15, the movie’s business slowed down. Yet, as we speak, the movie has crossed the Rs. 150 crore mark.

‘War 2’ box office collection day 4 update

Released a day ahead of Indian Independence Day, ‘War 2’ opened with Rs 52 Cr across all languages in the domestic market, according to Sacnilk report. Released in Hindi, Tamil, and Telugu, the movie made Rs 29 Cr, Rs 0.25 Cr, and Rs 22.75 Cr, respectively. Thereafter, it benefited from the Independence Day festivities and earned Rs 57.35 Cr. If we break it down, then the film made Rs 44.5 Cr in Hindi, Rs 0.35 Cr in Tamil, and Rs 12.5 Cr in Telugu. However, from day 3, i.e., Saturday, the movies saw a drop in business. With a dip of more than 40 percent, it collected Rs. 33.25 Cr (rough data) across all languages. And on day 4 past noon, the movie has collected Rs. 8.89 Cr, taking the tally to Rs 151.58 Cr.

Tough competition from Rajinikanth’s ‘Coolie’

‘War 2’ isn’t the only big release that made it to the theatres this Friday; it clashed with Thalaviar’s action drama ‘Coolie.’ Trade reports show that on the opening day, with the collection of Rs. 65 Cr, ‘Coolie’ outshone ‘War 2,’ but on day 2, the latter had the last laugh. Nevertheless, on Saturday, the tables turned one more time, and despite a drop of around 29 percent, it collected Rs. 38.6 Cr. As we speak, it is still leading the race, with a business of Rs. 9.91 crore on Sunday, day 4, bringing its total to Rs. 168.26 crore.

‘War 2’ Review

“Hrithik Roshan brings gravitas to the screen as the roguish yet poised Kabir. He impresses as a high-octane action hero and in the film’s emotional moments. Junior NTR matches his energy and intensity, holding his own as a performer and in executing the action sequences. Kiara Advani makes her presence felt despite limited screen time, though the use of stunt doubles in an early fight scene is noticeable. Ashutosh Rana and Anil Kapoor are impactful in their roles,” reads an excerpt from TOI’s review of the movie

‘War 2’ review: Stylish spy thriller with Hrithik–Jr NTR chemistry divides fans over story and VFX

“Get the latest news updates on Times of India, including reviews of the movie Coolie and War 2.”

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IPOS this week: 8 new public issues will open in the week starting from August 18, shares of 6 companies will be list - IPO this week patel retail ipo vikram solar ipo gem aromatics iPo shipping global IPO Bluestone Jewelery IPO REGAALERE IPO REGAALERE Listings this week

The stir in the primary market will be fast in the week starting from 18 August. The reason for this is that 8 new IPOs are going to open, out of which 5 are from the mainboard segment. There will be no public issue already opened in the new week. Apart from this, 6 companies are going to be listed in the stock market in the new starting week. Of these, 2 are of the mainboard segment. Let’s know the details of new IPO and listed companies …

Studio LSD IPO: The issue of Rs 74.25 crore will open on August 18 and will close on August 20. The company’s listing will be on NSE SM on 25 August. The price band for bidding is Rs 51-54 per share and lot size 2000 shares.

Patel Retail IPO: The issue is opening on August 19 in the mainboard segment. The company wants to raise Rs 242.76 crore. The issue of the issue will be on 21 August. After this, shares can be listed on BSE, NSE on 26 August. The price band for IPO is Rs 237-255 per share and lot size 58 shares.

Vikram Solar IPO: It is also an issue of the mainboard segment and its size is Rs 2079.37 crore. Its opening will take place on August 19, closing is scheduled to take place on August 21. In IPO, you can bid at a price of Rs 315-332 per share and in a lot of 45 shares. Company shares may be listed on BSE, NSE on 26 August.

Gem Aromatics IPO: On August 19, another public issue will open in the mainboard segment. In this, you can bid at a price of Rs 309-325 per share and in lots of 46 shares. The company wants to raise Rs 451.25 crore. After the IPO closure on 21 August, the company’s listing can be on BSE, NSE on 26 August.

Shreeji Shipping Global IPO: This issue of Rs 410.71 crore will also open on August 19 and will close on 21 August. Share BSE, NSE can be listed on August 26. The price band is Rs 240-252 per share and lot size 58 shares.

LGT Business Connextions IPO: The issue of Rs 28.09 crore will open on August 19 and will close on August 21. The IPO price is Rs 107 per share. The lot size is 1200 shares. The stock is expected to be listed on BSE SME on 26 August.

Mangal Electrical IPO: It will open on August 20. In this, you can invest money at a price of Rs 533-561 per share and in the lot of 26 shares till 22 August. The company wants to raise Rs 400 crore. The BSE of the weeds is expected to be listed on August 28.

Classic Electrodes IPO: The issue of Rs 41.51 crore is expected to open on August 22. Closing may occur on 26 August. The price band is Rs 82-87 per share and lot size 1600 shares. Share can be listed on NSE SME on August 29.

These companies will list

In the new week, on August 18, NSE SME will have shares list of Medistep Healthcare and AnB Metal Cast. On August 19, BSE, BSE, BLUSTONE JEWELRERY can be listed in the mainboard segment. On this day, the listing of ICODEX Publishing Solutions is expected to be on BSE SME. After this, BSE, Regaal Resources is going to be listed on BSE, NSE on August 20. On this day, shares of Mahendra Realtors on NSE SME can make their debut.

Disclaimer: Here information provided is being given only for information. It is necessary to mention here that the investment market in the market is subject to risks. Always consult experts before investing money as an investor. There is never advice to anyone to invest money on behalf of Moneycontrol.

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Pakistan's Asia Cup squad | Coach Mike Hesson reveals why Babar Azam was left out: 'Asked to improve in some areas' | Cricket News

Coach Mike Hesson and Babar Azam

NEW DELHI: Pakistan on Sunday announced a 17-member squad for the triangular T20I series in Sharjah and the Asia Cup in the UAE, leaving out stalwarts Babar Azam and Mohammad Rizwan. The decision underlined a shift in strategy, with the selectors preferring aggressive batters Saim Ayub, Sahibzada Farhan and Fakhar Zaman.Go Beyond The Boundary with our YouTube channel. SUBSCRIBE NOW!Neither Babar nor Rizwan has featured in a T20 international since December 2024, when Pakistan faced South Africa. While both remain among the country’s premier batting talents, head coach Mike Hesson admitted that Babar has been asked to sharpen specific aspects of his game to reclaim his spot.

Poll

Do you agree with the decision to leave Babar Azam and Mohammad Rizwan out of the T20I squad?

“There’s no doubt Babar has been asked to improve in some areas, particularly against spin and in terms of his strike-rate,” Hesson told reporters at the squad unveiling. “Those are aspects I know he’s working very hard on at the moment.”Babar is set to represent Adelaide Strikers in the Big Bash League later this year, an opportunity Hesson sees as crucial to the batter’s comeback trail. “A player like Babar also has the opportunity to play in the BBL and showcase improvements in those areas of T20 cricket. He’s simply too good a player for us not to consider,” the coach stressed.Since Hesson took charge of Pakistan’s white-ball set-up, the side has shown mixed results — winning T20 series against Bangladesh and West Indies but also suffering a series defeat in Bangladesh. More worryingly, the West Indies recorded their first bilateral ODI series win over Pakistan in 34 years. Babar, meanwhile, endured a lean run with scores of 47, 0 and 9 in that ODI rubber.While praising the in-form trio of Ayub, Farhan and Zaman, Hesson reiterated that Babar’s quality cannot be overlooked. “At the moment, the players we have are performing exceptionally well. But Babar has every chance to return by proving his game has evolved.”Pakistan will first contest a triangular T20 series involving Afghanistan and the UAE (Aug. 29–Sept. 7 in Sharjah) before heading into the Asia Cup (Sept. 9–28 in Dubai and Abu Dhabi).

Pakistan’s squad for Asia Cup 2025

• Saim Ayub, Sahibzada Farhan, Fakhar Zaman, Mohammad Haris, Salman Ali AGHA (CAPTAIN), Hasan Nawaz, Husain Talaat, Fehem Ashraf, Khushdil Shah, Mohammad Nawaz, Mohammad Wasim, Salman Mirza, Shaheen Shah Afridi, Haris Rauf, Hasan Ali, Suffiyan Muqeem, Abrar Ahmed.

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OpenAI CEO Sam Altman says that he is not as “well-suited” to be CEO of ...

Openai CEO Sam Altman has admitted that he may not be the right person to lead OpenAI, if the company goes public. As reported by Bloomberg, in a conversation with reporters, Altman said he is ‘not well-suited to be the CEO of a public company’, despite overseeing one of the most ambitious infrastructure plans. Altman made the comment during a discussion about OpenAI’s plan to invest ‘trillions’ of dollars into computing infrastructure. OpenAI CEO also believes that a public listing is outcome of OpenAI’s growth, but shared that he may not be the right choice for the role of a public company CEO.

Sam Altman says he is not as “well-suited” to be CEO of OpenAI

According to a report by Bloomberg, Sam Altman mentioned that OpneAI is of a path of public offering in the future. He also stressed on the fact that he will not be best suited as the CEO of a public company. “I do think we have to go public someday, probably,” Altman said. But Altman also noted he is not as “well-suited” to be CEO of a public company.Along with this, Altman also revealed that OpenAI intends to invest trillions of dollars in compute infrastructure to support its AI ambitions. He emphasised that economists might call the plan “crazy” or “reckless,” but insisted the company is forging ahead.“Let us do our thing,” Altman said, adding that OpenAI is working on a novel financial instrument to fund the massive outlay.For those unaware, OpenAI has already involved in the $500 billion Stargate initiative alongside SoftBank and Oracle.

Here’s how much ChatGPT’s mobile app has generated for OpenAI to date

OpenAI’s ChatGPT mobile app has generated $2 billion in global consumer spending since its launch in May 2023, according to a new report from app intelligence provider Appfigures (as seen by TechCrunch). This figure is approximately 30 times the combined lifetime revenue of competing AI mobile apps like Claude, Copilot, and Grok. The analysis shows that the app has earned $1.35 billion so far in 2025, marking a 673% increase from the same period last year. On average, the app is currently generating nearly $193 million per month. That figure is roughly 53 times greater than ChatGPT’s closest competitor, Grok, which has generated about $25.6 million so far this year. Grok’s estimated average monthly consumer spending stands at $3.6 million, or around 1.9% of ChatGPT’s.

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Elvish Yadav Firing Video: Video of Elvish Yadav's house came out

Elvish Yadav Firing VIDEO: In a CCTV footage, on Sunday (August 17), three bike -riding gunmen fired more than two dozen bullets at the house of controversial YouTuber and Bigg Boss OTT winner Elvish Yadav. The CCTV footage of the attack has surfaced in which three people are seen firing at Elvish Yadav’s house in Gurugram on Sunday morning. The masked miscreants fired bullets at the house located in Sector 57 of YouTuber. Then they escaped from the spot. Gurugram police has started investigating the case. Elvis Yadav was not at home at the time of the attack.

Gurugram police said that when the incident happened at around 5.30 am, Yadav was not at home. However, his father and a caring were inside the house. But no one was injured in the attack. At least 25 bullets were fired at Yadav’s house.

Outside the residence located in Gurugram Sector 57 of YouTuber Elvish Yadav, motorcycle -riding attackers fired more than two dozen bullets on Sunday morning. Police said the incident took place at around 5.30 am and Yadav was not at home at that time. Although some members of his family were at home, there were no casualties in the attack.

After receiving the information, a police team reached the spot and collected forensic evidence. The CCTV footage of the area is being searched. A senior police officer said that an FIR would be lodged on the complaint of the family.

Police said that the attackers fired more than two dozen bullets and escaped at Yadav’s house in Sector 57. The bullets hit the ground of the house and the first floor. According to a family member, Elvish had not received any threats before the incident. He is currently out of Haryana. At present, the police is investigating the incident.

A few hours after the firing incident, the notorious Himanshu Bhau gang accused YouTuber of promoting gambling, taking responsibility for firing in a social media post. The post had two pictures of guns and ‘Bhau Gang 2020 Se’. The kingpin of this gang is being described as Himanshu Bhau, a fugitive gangster of Portugal.

It was written in the post, “The bullets fired at Elvish Yadav’s house today, Hum, Neeraj Faridpur and Bhau Ritolia. We have introduced it to him today. He has ruined many houses by promoting betting. And we are warning all these social media insects that if someone is found to be promoted, then he can be involved in the call or the bullet. Be ready. ” However, ‘Moneycontrol Hindi’ does not confirm the veracity of this post.

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China hands over third Hangor-class submarine to Pakistan; over 80% of Islamabad's arms now from Beijing- Report

China has handed over the third of eight new Hangor-class submarines to Pakistan, bolstering Islamabad’s naval strength as Beijing expands its footprint in the Indian Ocean, a region India considers its strategic backyard. The submarine was launched on Thursday in Wuhan, Hubei province, state-run Global Times reported. The second vessel was delivered in March. Pakistan has also received four modern Chinese frigates in recent years, alongside Beijing’s development of the Gwadar port on the Arabian Sea. Pakistan’s Deputy Chief of Naval Staff Vice Admiral Abdul Samad said the Hangor-class submarines, equipped with advanced sensors and weaponry, would help maintain “regional power equilibrium” and ensure maritime security, PTI reported. China supplied more than 81% of Pakistan’s arms in the past five years, according to the Stockholm International Peace Research Institute (SIPRI). Key purchases include the Rizwan spy ship, over 600 VT-4 battle tanks, and 36 J-10CE fighter jets, which Pakistan has already used in conflicts with India. Chinese experts describe the Hangor-class as a stealthy platform with long endurance, high mobility, and powerful underwater combat capabilities.

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Kathua cloudburst: Mud and debris choke roads, vehicles submerged as J&K sees second round of flash floods in a week - Watch | India News

Kathua cloudburst: Mud and debris choke roads, vehicles submerged (Credit: PTI)

J&K’s Kathua district witnessed incessant rainfall fall leaving houses, roads flooded and vehicles half-submerged. The downpour triggered a cloudburst, leading to overnight rainfall which claimed seven lives.Visuals emerging on social media show Kathua police station inundated as floodwaters swept across the region.Officials said the heavy downpour triggered a sharp rise in water levels across several water bodies, with the Ujh river flowing close to the danger mark.A joint team of police and the State Disaster Response Force (SDRF) rushed to the affected sites to carry out rescue operations.The calamity struck Jodh Ghati village of Rajbagh and Janglote amid heavy rains during the intervening night of Saturday and Sunday. At least seven people were killed and several others were injured. Five people lost their lives in Jodh Ghati following a cloudburst, while two others were killed in a rain-triggered landslide at Janglote.Jammu Divisional Commissioner Ramesh Kumar told PTI, “Heavy rain happened in Kathua in the night, because of it, a flash flood happened, due to a landslide at few houses, seven people have died so far. Evacuation is being done by SDRF, Army, J&K Police, and civil administration. Injured have been evacuated… It happened in Janglot area.”Jammu and Kashmir Lt Governor Manoj Sinha expressed anguish over the loss of lives in the incidents. He said Union Home Minister Amit Shah had been briefed on the situation and ongoing rescue work.Kathua tragedy came just days after another devastating cloudburst in Chisoti village of Kishtwar district on August 14, which killed at least 60 people and left more than 100 injured.

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Vikram Solar iPo: Solar PV module making company in preparing to raise ₹ 2000 crore, opening this price from August 19 - Vikram Solar iPo to open on August 19 to Raise more than more than Rs 2000 Crore Check Price Band Gmp Listing Date and More

Vikram Solar IPO: The public issue of Vikram Solar, which makes Solar Photovoltic (PV) module, is going to open on August 19. Closing will be on 21 August. The company intends to raise Rs 2079.37 crore. In IPO, you can bid at a price of Rs 315-332 per share and in a lot of 45 shares. In this issue, 4.52 crore new shares worth Rs 1500 crore will be issued. Also, an offer of 1.75 crore shares worth Rs 579.37 crore will be offered for sale from existing shareholders.

Anchor investors will bid on 18 August. After the public issue is closed, the allotment will be finalized on 22 August. Company shares may be listed on BSE, NSE on 26 August. JM Financial Limited for IPO is the book running lead manager. Mufg Intime India Pvt. Ltd. Is the Registrar.

How much share in IPO

Vikram Solar promoters Gyanesh Chaudhary, Gyanesh Chaudhary Family Trust and Vikram Capital Management Private Limited. 50 percent of the IPO is reserved for qualified institutional buyers, 15 percent for non -institutional investors and 35 percent for retail investors. The company will use the earnings to be released by releasing new shares in its public issue and for the funding of capital experts and for general corporate purposes.

Vikram Solar’s financial health

Vikram Solar Ltd. In FY 2025, revenue increased by 37 percent to Rs 3459.53 crore. It was Rs 2523.96 crore a year ago. The net profit was recorded at Rs 139.83 crore with an increase of 75 percent, which was Rs 79.72 crore in FY 2024. Ebitda rose over 23 percent to Rs 492.01 crore, while it was Rs 398.58 crore a year ago.

According to Investorgain.com, the company’s shares in the gray market are trading at a premium of Rs 332 from Rs 332 to Rs 63.5 or 19.13 percent. The gray market is an unauthorized market where shares of a company trades it till its listing.

8 new IPOs in new week

Disclaimer: Here information provided is being given only for information. It is necessary to mention here that the investment market in the market is subject to risks. Always consult experts before investing money as an investor. There is never advice to anyone to invest money on behalf of Moneycontrol.

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Vote 'Chori' Row: Rahul Gandhi Calls Sir 'Conspiracy to Steal Bihar Election'; Attacks Eci | India News

Congress leader Rahul Gandhi during Bihar rally

NEW DELHI: Congress leader Rahul Gandhi on Sunday called the Election Commission of India’s (ECI) Special Intensive Revision in the poll-bound Bihar a “conspiracy to steal” in the upcoming assembly elections.The Lok Sabha leader of the opposition, during a rally in Bihar’s Sasaram, claimed that “Vidhan Sabha and Lok Sabha elections are being stolen in the entire country”.“I am telling you from this stage that Vidhan Sabha and Lok Sabha elections are being stolen in the entire country. Their latest conspiracy is to conduct SIR in Bihar and steal the Bihar elections as well. All of us have come to this stage to tell you that we will not let them steal this election,” Rahul Gandhi said at Congress’s ‘Voter Adhikar Yatra’ event.Highlighting his August 7 New Delhi press conference, where he made “vote chori” charge, Rahul Gandhi said: “The entire country knows what the election commission is doing. Earlier, the country did not know how votes were being stolen. But we made it clear in the press conference how votes are being stolen.”Further stepping up his attack on the BJP on the caste census issue, the Congress scion said : “I know that PM Modi is not going to get a true caste census conducted… But the INDIA bloc will ensure a true caste census in the country.”He also thanked the RJD patriarch Lalu Prasad Yadav for attending the event despite his health. “Thank you, Lalu ji, from the bottom of my heart, for coming here even though the doctor had advised you not to,” he told the former Bihar chief minister.With Bihar gearing up for assembly polls, Rahul Gandhi launched the ‘Vote Adhikar Yatra’ from Sasaram in Rohtas district on Sunday to highlight the alleged assault on people’s voting rights through the special intensive revision (SIR) of the state’s electoral rolls and to make the battle against “vote theft” a mass movement. Rahul will be joined in the yatra, spread over 16 days, by members of INDIA bloc parties that are part of the “mahagathbandhan” in Bihar. The yatra will culminate with a show of strength at a rally at Patna’s Gandhi Maidan on September 1.

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