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The Rs 500-crore Tatva Chintan IPO has seen a blockbuster listing on Thursday with its scrips trading at more than double its issue price. The

The Rs 500-crore&nbsp;Tatva&nbsp;Chintan&nbsp;IPO&nbsp;has seen a blockbuster listing on Thursday with its scrips&nbsp;trading at more than double its issue price.

Is Tatva Chintan too expensive now?

The Rs 500-crore&nbsp;Tatva&nbsp;Chintan&nbsp;IPO&nbsp;has seen a blockbuster listing on Thursday with its scrips&nbsp;trading at more than double its issue price.
The IPO,&nbsp;which was offered at a price band of Rs 1,073 to Rs 1,083, was listed with a 90% gain. Tatva&nbsp;Chintan&nbsp;shares moved higher to touch over Rs 2,500 level, minutes after getting listed on the exchanges.
However, with such a stellar listing, concerns about its valuations arise. At the current price, shares of Tatva&nbsp;Chintan&nbsp;has a PE value over 90 times which is against the sector valuation of near 70 times.

July 29 marks the 117th birth anniversary of Jehangir Ratanji Dadabhoy Tata, better known as JRD Tata the longest-serving chairman of Tata group and the founder of

Ode to JRD Tata: The Pilot of the Indian Industry on his 117th birth anniversary&nbsp;

Ode to JRD Tata: 

July 29 marks the 117th birth anniversary of Jehangir Ratanji Dadabhoy Tata, better known as JRD Tata&nbsp;the longest-serving chairman of Tata group and the founder of many Tata companies. But he was much more than that JRD was an aviation pioneer, art connoisseur, philanthropist, skier and letter writer.
Corporate social responsibility became a big cornerstone of the Tata Group DNA under JRD&nbsp; with institutes like the Tata Institute of Fundamental Research, the Tata Memorial Hospital, the Tata Institute of Social Sciences, the National Institute of Advanced Sciences and the National Centre for the Performing Arts emerging as vital institutions under his leadership.
Here are some of the lesser known facts about JRD-:
<ul>
<li>He was born in Paris, France</li>
<li>Served the French Military,&nbsp;was revered with the French Legion of Honor, the highest award for military merits.</li>
<li>Did not attend college as he was called back to India to lead the Tata Group</li>
<li>He joined the Tata group in 1925 as an unpaid trainee.</li>
<li>JRD was India&rsquo;s first licensed pilot in 1929.</li>
<li>On his death, the Indian Parliament was adjourned in mourning; an honour not given to Non-Member of Parliament.</li>
</ul>
&nbsp;
&nbsp;

Aviation veteran and former Indigo president Aditya Ghosh will join Rakesh Jhunjhunwala in his new upcoming venture. Ace investor Rakesh Jhunj

Aviation veteran and former Indigo president Aditya&nbsp;Ghosh&nbsp;will join Rakesh&nbsp;Jhunjhunwala&nbsp;in his new upcoming venture.
Ace investor Rakesh&nbsp;Jhunjhunwala&nbsp;is said to be planning to launch an ultra-low-cost airline Akasa, modeled just like Irish carrier Ryanair&nbsp;which is one of the most successful and aggressive affordable airlines in the world.
As per the reports, Ghosh&nbsp;will own somewhere around 10% of the airline.
Rakesh&nbsp;Jhunjhunwala&nbsp;will invest $35 million and would own 40% of the firm as he believes more people will travel through the air going forward.
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Return to office plans for corporate America is taking a back seat as the United States faces a fresh surge of Covid cases and rising vaccine hesitancy in many par

Return to office plans for corporate America is taking a back seat as the United States faces a fresh surge of Covid&nbsp;cases and rising vaccine hesitancy in many parts of the country.&nbsp;Nationwide, the four-week Covid case count has more than doubled from the previous four weeks. This is making companies rework "back to office" plans.&nbsp;
<ul>
<li>Google: Will&nbsp;push back its official office return to mid-October and require workers at its campuses to get vaccinated.</li>
<li>Apple: Back to requiring mask at US retail stores, delays return to office by a month&nbsp;</li>
<li>Facebook: Will require employees to be vaccinated to be able to return to work</li>
<li>Lyft Inc.&nbsp;is now calling&nbsp;employees&nbsp;back in February</li>
<li>Ford Motor is reinstating mask&nbsp;mandates&nbsp;at some of its facilities.</li>
</ul>
Read/Watch Also: <a href="https://www.edtr.ai/9zxn">Masks are back on in the US</a>
As per data available from Kastle Systems almost 35% of U.S. workers were back at their offices as of July 21, vs&nbsp; 29% at the start of June. Finance firms and banks which had asked for employees to return in June are yet to make any changes to in-office staff policy despite the new CDC&nbsp;guidelines to get masks back on.&nbsp;

Market regulator Securities and Exchange Board of India (SEBI) imposed a fine on Shilpa Shetty, Raj Kundra and Viaan Industries, the company they own for violation

Market regulator Securities and Exchange Board of India (SEBI) imposed a fine&nbsp;on Shilpa Shetty, Raj Kundra and Viaan Industries, the company they own for violation of insider trading norms. According to a SEBI&nbsp;order, a total fine of Rs 3 lakh has been imposed on&nbsp;Shilpa&nbsp;Shetty&nbsp;and&nbsp;Ripu Sudan Kundra, who is also known as Raj Kundra. The fine is for&nbsp;disclosure lapses which were discovered following&nbsp;a probe conducted between September 2013- December 2015.
In 2015, Viaan Industries had allotted 128,800 shares each to Shetty and Kundra. According to SEBI regulations, the duo had to inform the company within two days the receipt of shares since its value exceeded Rs 10 lakh. Moreover, the company had to inform the same to the stock exchanges. The disclosure finally happened in May 2019.
&nbsp; Read/Watch Also: <a href="https://www.edtr.ai/a02d">The latest from&nbsp;Raj&nbsp;Kundra's alleged porn racket</a>

The Union Cabinet on Wednesday approved amendment to the DICGC Act to provide account holders access to up to Rs 5 lakh funds within 90 days of a bank coming under mora

The Union Cabinet on Wednesday approved amendment to the DICGC Act to provide account holders access to up to Rs 5 lakh funds within 90 days of a bank coming under moratorium to ensure timely support to depositors.
The Bill is expected to be introduced in the current monsoon session, Finance Minister Nirmala Sitharaman said, while sharing details about the Cabinet meeting.
Once the Bill becomes law, it will provide immediate relief to thousands of depositors, who had their money parked in stressed lenders such as PMC Bank and other small cooperative bank
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It was a blockbuster earning from world's most valuable tech company Apple as iPhone sales increased nearly 50% and overall sales were up 36% beating analysts

It was a blockbuster earning from world's most valuable tech company Apple as&nbsp;iPhone sales&nbsp;increased nearly 50% and overall sales were up 36% beating analysts' estimates across the board. Yet, the stock took a beating as the outlook did not connect as well.&nbsp; Read/Watch Also:&nbsp;<a href="https://www.edtr.ai/9yw9">When is the iPhone&nbsp;13 coming?</a> Apple though did not give a formal earnings guidance warned shareholders that the July-September quarter may not be as robust due to prevailing chip shortage. Apple CEO Tim Cook said in a call with analysts that Apple is seeing supply constraints related to &ldquo;silicon&rdquo; ( computer chips) that would affect the company&rsquo;s iPhone and iPad sales in the September quarter.

With global firms like Tesla setting their eyes on Indian EV markets, there is a small argument over import duties that has triggered between the big EV makers. A

With global firms like&nbsp;Tesla setting their eyes on Indian EV markets, there is a small argument over import duties that has triggered between the big EV makers.
After Seon&nbsp;Seob&nbsp;Kim, MD &amp; CEO, Hyundai India, backed Tesla's call to lower duties in India, OLA's&nbsp;Bhavish&nbsp;Aggarwal&nbsp;tweeted asking for confidence in indigenously&nbsp;build EVs.
ALSO WATCH:&nbsp;<a href="https://www.edtr.ai/9sq3" target="_blank">Gear Up for Ola Scooter! With the big EV bet Bhavish Agarwal gears to be the Tesla of India</a>
"Let&rsquo;s have confidence in our ability to build indigenously and also attract global OEMs to build in India, not just import. We won't be the first country to do so," the Ola CEO added.
Paytm CEO Vijay Shekhar Sharma responded to Aggarwal's tweet saying, even though&nbsp;he was waiting for a Tesla, he would love that India has&nbsp;everyone&rsquo;s factories.
Tesla founder Elon&nbsp;Musk, a few days ago, pointed out that&nbsp;import duties in India are the highest in the world.

It was a campaign that started a 1000 days ago with the cofounder of cyrpto platform WaxirX raising awareness towards the need for cryptocurrency acceptance in Ind

It was a campaign that started a 1,000-day-ago with the co-founder of India's biggest&nbsp;crypto&nbsp;exchange platform WazirX&nbsp;raising awareness towards the need for cryptocurrency acceptance in India.&nbsp;
ALSO WATCH:&nbsp;<a href="https://www.edtr.ai/9zjp" target="_blank">Crypto group to self regulate! Advertising guidelines on the anvil</a> With early 15 million Indians invested in #cryptocurrencies&nbsp;early $ 6.6 billion&nbsp;(Rs 49,189 crore) have been invested in the blockchain-based&nbsp;digital coins. India currently ranks 11 out of 154 nations in terms of cryptocurrency adoption, as per blockchain data firm Chainalysis. One of the biggest hurdles preventing wider adoption is regulatory uncertainty. Despite the Supreme Court&nbsp;quashing a 2018 rule banning crypto trading by banking entities the resistance from North Block has kept main market participants from opening investment options as there is no clarity in taxation on the income from the digital token either.&nbsp; With no mention of the crypto&nbsp;bill in the Monsoon Session of parliament, expect the social campaign of #IndiaWantsCrypto to continue taking social media by storm.&nbsp;

The Rs 1,500-crore-worth Glenmark Life IPO is oversubscribed by 50% on Day 1 as the investors look at the promising business ahead. From supplying A

Retail investors are rushing towards the&nbsp;Rs 1,500-crore-worth&nbsp;Glenmark&nbsp;Life IPO&nbsp;which was full subscribed within hours of opening . So what is enthusing traders and investors in this pharma&nbsp;play Here is what you need to know about the Glemark Life-:
<ol>
<li>Growth Trigger: The company is expected to be supplying the API for Covid&nbsp;drug&nbsp;Favipiravir for Glenmark.</li>
<li>Promising Portfolio: With a strong showcase &nbsp;of 120 molecules globally.&nbsp;16 of the 20 largest generic companies globally were its customers.</li>
<li>Areas of Expertise: The future growth of its 120 molecules products is expected to remain stable driven by the increasing prevalence of non-communicable diseases like heart disease, stroke, cancer, diabetes and chronic lung disease.</li>
<li>Expansion: Plans to increase its API manufacturing capabilities.</li>
<li>Next Phase: Expanding into Complex APIs&nbsp;such as oncology, iron replacement, peptides.</li>
</ol>
Glenmark&nbsp;Life is also trading at a discount vs peers such as Divis&nbsp;Lab. The company will also be debt free post IPO&nbsp;and currently faces no regulatory issues on any of it's plants.&nbsp;

Google reported earnings well above Wall Street estimates as the search-and-services company posted revenues of $61.9 billion in the April-June quarter. The big su

Google reported earnings well above Wall Street estimates as the search-and-services company posted revenues of $61.9 billion in the April-June quarter.&nbsp; The big surge came in from advertising&nbsp;Google ad revenue increased to $50.44 billion, up 69% from the year-ago quarter. Analysts also took note of YouTube gaining&nbsp;traction as revenues clocked in at $7 billion just shy of equalising with OTT&nbsp;platform Netflix at $7.4 billion.&nbsp;YouTube&nbsp;also disclosed that its YouTube Shorts product has &ldquo;surpassed 15 billion global daily views,&rdquo; up 131% from the 6.5 billion global daily views that it detailed in March.&nbsp; Also watch: Apple earnings soar but stock takes a hit as worries rise Meanwhile Google Chief Sundar&nbsp;Pichai&nbsp;took a moment in the earnings call to encourage everyone to get a jab.&nbsp;As the pandemic evolves, we want to help people get the information they need to keep themselves and their families safe,&rdquo; Pichai said. &ldquo;I really encourage everyone to get the vaccine when it&rsquo;s available to you.&rdquo; Read/Watch Also: Masks back on in the US as cases soar

The IMF may not have changed the headline figure of global growth of 6% but the story lies behind the number. The composition of global growth has seen a dramatic

The IMF&nbsp;may not have changed the headline figure of global growth of 6% but the story lies behind the number. The composition of global growth has seen a dramatic change.&nbsp;IMF warns that the fault lines are widening between advanced economies with access to vaccines vs developing economies that are struggling with inoculations.&nbsp; IMF&nbsp;chief Gita&nbsp;Gopinath&nbsp;writes in the outlook report that&nbsp;"Prospects for emerging market and developing economies have been marked down for 2021, especially for Emerging Asia. By contrast, the forecast for advanced economies is revised up." This trend is evident as&nbsp;IMF&nbsp;sees the US economy driving global growth with a&nbsp;7% print in 2021 and a 4.9% growth in 2022.China as well is projected to see a 8.1% growth followed by 5.7% growth over the next two years.&nbsp; The real concern comes in for&nbsp;India that has seen the largest downgrade to growth now down to 9.5% in the current year and 8.5% the next year.&nbsp; But this is not the worst case scenario,&nbsp;IMF&nbsp;warns that "a double hit to emerging market and developing economies from worsening pandemic dynamics and tighter external financial conditions would severely set back their recovery and drag global growth below this outlook&rsquo;s baseline."
The big worry globally is now the inflation monster and the IMF&nbsp;is hoping that from the Fed to the emerging market central bankers will look through this phase and not act in haste as it states, "Central banks should generally look through transitory inflation pressures and avoid tightening until there is more clarity on underlying price dynamics."
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Social media platform Sharechat's parent firm Mohalla Tech is now valued at $3 billion after raising an additional $145 million in its Series F funding. The

Indian social media platform Sharechat&nbsp;is now&nbsp;valued nearly at $3 billion after raising an additional $145 million led by Temasek.&nbsp;
The Twitter-backed startup&nbsp;has concluded its $650 million Series F round, raising additional capital from Temasek, Moore Strategic Ventures and&nbsp;Mirae.
Earlier in April, the Bengaluru-based firm had raised $502 million in a round led by Tiger Global at a valuation of $2.1 billion. The funding for Indian content-sharing and short-video apps has gone up significantly since last year after&nbsp;ByteDance's TikTok&nbsp;was banned in the country.&nbsp;ShareChat&nbsp;&nbsp;has now raised over $911 million to date,&nbsp; ShareChat allows users to post content in 15 Indian languages.

Brazil,the world’s biggest coffee producer, is frost bitten. Coffee crop across the South American nation is facing damage pushing prices to the highest level in

Brazil,the world&rsquo;s biggest coffee producer, is frost bitten. Coffee crop across the South American nation is facing damage pushing prices to the highest level in nearly a decade.&nbsp; The price for globally&nbsp;popular Arabica coffee, one of the South American nation's top commodity exports, jumped to the highest level since 2014. Prices have brewed 30% in the last one week and over 60% this year.&nbsp; The surge in prices is likely to affect coffee enthusiasts all over the world as roasters and supermarkets have already begun to raise rates.

Gujarat-based Rolex Rings, which is among the top five forging companies in India, is going to launch its IPO on Wednesday. Here are all the details: IPO dat

Gujarat-based Rolex Rings, which is among the top five forging companies in India, is going to launch its IPO&nbsp;on Wednesday. Here are all the details:
<ul>
<li>IPO&nbsp;date: July 28 to 30</li>
<li>Listing date: August 9</li>
<li>Price band&nbsp;Rs 880-900/share</li>
<li>Lot size: 16 shares</li>
<li>Lot price: Rs 14,400 (cut-off)</li>
<li>Issue size: Rs 730 crore</li>
<li>GMP: Rs 450 (50% on upper band)</li>
</ul>
ALSO WATCH:&nbsp;<a href="https://www.edtr.ai/9zc5" target="_blank">Glenmark Life IPO opens today; Here is the grey market premium and issue details</a>
Rolex Rings is among the leading manufacturers of forged and machined components in India. It is an ace development partner manufacturing high-quality, world-class, customized automotive components as well as bearing rings for a huge base of clientele spread across the globe.&nbsp;

With no sign of the cryptocurrency bill in the Monsoon session the crypto industry is moving to self regulate itself at least in the advertising space. These

With no sign of the cryptocurrency&nbsp;bill in the Monsoon session the crypto&nbsp;industry is moving to self regulate itself at least in the advertising space. These new guidelines will be applicable to crypto&nbsp;trading platforms such as&nbsp;WazirX,&nbsp;CoinDCX, and CoinSwitch Kuber. As per reports Industry association,&nbsp;Blockchain and Crypto Assets Council, part of the Internet and Mobile Association of India (IAMAI), will introduce a set of guidelines for advertising about&nbsp;crypto exchanges as part of its self-regulatory code framework. So what brought this on? A PIL was filed as&nbsp;Crypto&nbsp;industry came into the limelight as it took on the mantle of sponsorship of sporting events from Euro 2020 football championships, the Indian Premier League (IPL) cricket tournament, and T20 tour between India and Sri Lanka. The PIL&nbsp;in Delhi High Court argued that these new ads don&rsquo;t give enough warning to investors about the risks involved while investing in cryptocurrencies. According to them, the disclaimer text should cover 80% of the screen. Read/Watch Also: <a href="https://www.edtr.ai/9qas">Crypto&nbsp;races ahead in sponsorships</a> The top platforms already place disclaimers but no guideline has yet been imposed and the&nbsp;&nbsp;Blockchain and Crypto Assets Council hopes that initiative will provide a 'one size fits all' regulation for the blockchain&nbsp;biggies.&nbsp;

India Inc is gearing to get back to work as large corporations look at completion of vaccination drive. Mukesh Ambani backed Reliance stated that more than 98% of

India Inc is gearing to get back to work as large corporations look at completion of vaccination drive. Mukesh Ambani&nbsp;backed Reliance stated that more than 98% of its 2.36 lakh employees have received at least one dose against Covid-19.&nbsp; For tech giant Infosys&nbsp;who&nbsp;is looking for employees to return to work has inoculated only 59% of it's workforce while peer TCS&nbsp;has covered over 70% of it's much larger employee base.&nbsp; Read/Watch Also: <a href="https://www.edtr.ai/9xzd">End of WFH era as tech titans call back employees</a> India's largest company by market value Reliance is looking at beyond just it's own employees.&nbsp;Reliance Foundation and Reliance Foundation Hospital have begun free vaccination for underprivileged communities, wherein additional 10 lakh doses will be administered under the 'We Care Initiative', they said.

The world's richest man Jeff Bezos is desperate to get a pie in the sky and is willing to forego $2 billion for it. Blue Origin founder Bezos has told NASA it

The world's richest man Jeff Bezos is desperate to get a pie in the sky and is willing to forego&nbsp;$2 billion for it. Blue Origin founder Bezos&nbsp;has told NASA it will waive fees to in order to secure NASA's&nbsp;contract to develop a human landing system for the moon. In an open letter to the space agency Bezos&nbsp;questions the decision to award&nbsp;Elon Musk&rsquo;s SpaceX with a sole&nbsp;$2.89 billion contract&nbsp;to build the next crewed lunar lander under its Human Landing Systems program.&nbsp;He said that NASA &ldquo;veered from its original dual-source acquisition strategy&rdquo; when it selected Elon Musk&rsquo;s&nbsp;Space Exploration Technologies."&nbsp; Also watch:&nbsp;<a href="https://www.edtr.ai/9yq3">Elon Musk wants to go to Jupiter now</a> Urging NASA&nbsp;to reconsider it's decision Jeff Bezos&nbsp;emphasised&nbsp; that&nbsp; &ldquo;Instead of this single source approach, NASA should embrace its original strategy of competition,&rdquo; Bezos said. &ldquo;Without competition, a short time into the contract, NASA will find itself with limited options as it attempts to negotiate missed deadlines, design changes, and cost overruns.&rdquo; Making a case to select/consider Bezos' space firm, the tech pioneer said that&nbsp;Blue Origin will accept a firm, fixed-priced contract for this work, cover any system development cost overruns, and shield NASA from partner cost escalation concerns. Read the full letter here: <a href="https://blueorigin.com/news-archive/open-letter-to-administrator-nelson">Bezos&nbsp;to NASA</a>

Record high revenue for electric vehicle mogul Tesla as it reports $1 billion in revenues for the April-June quarter which is up 10 fold from the $104 million it report

Record high revenue for electric vehicle mogul Tesla as it reports $1 billion in revenues for the April-June quarter which is up 10 fold from the $104 million it reported last year in the same quarter. Profits for Tesla also beat estimates of over 90% of analysts as the results mark the eighth straight quarter of profit for the 18-year-old company. Despite the bumper earnings&nbsp;Musk delivered some bad news to investors. as&nbsp; he took a moment to brace shareholders that he will &ldquo;no longer default&rdquo; to speaking on, let alone leading, Tesla earnings calls after this quarter.&nbsp;&ldquo;I will no longer default to doing earnings call,&rdquo; Tesla&rsquo;s chief executive officer said during the company&rsquo;s second-quarter earnings call Monday. &ldquo;Obviously I&rsquo;ll do the annual shareholder meeting, but I think that going forward I will most likely not be on earnings calls unless there&rsquo;s something really important that I need to say.&rdquo; Read/Watch Also: <a href="https://www.edtr.ai/9yq3">Move aside Bezos, Musk sets sight on Jupiter&nbsp;</a> Musk also took a moment to make a snipe at 'rival' Apple, even though the two are not direct competitors. At a question about using material such as&nbsp;cobalt&nbsp;that are mired in controversy for human rights abuse, the Technoking&nbsp;of Tesla said &ldquo;Apple uses I think almost 100% cobalt in their batteries and cell phones and laptops, but Tesla uses no cobalt in the iron-phosphate packs, and almost none in the nickel-based chemistries,&rdquo; Musk said. &ldquo;On on a weighted-average basis we might use 2% cobalt compared to say, Apple&rsquo;s 100% cobalt. Anyway, so it&rsquo;s just really not a factor.&rdquo;

A British court on Monday granted a bankruptcy order against Vijay Mallya, paving the way for a consortium of Indian banks led by the State Bank of India to pursue a wo

A British court on Monday granted a bankruptcy order against Vijay Mallya, paving the way for a consortium of Indian banks led by the State Bank of India to pursue a worldwide freezing order to seek repayment of debt owed by the now-defunct Kingfisher Airlines.
The Indian banks, represented by a law firm and barrister Marcia Shekerdemian, had argued for the bankruptcy order to be granted in favour of the Indian banks.
The 65-year-old businessman, meanwhile, remains on bail in the UK while a "confidential" legal matter, believed to be related to an asylum application, is resolved in connection with the unrelated extradition proceedings.

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Tatva Chintan lists at double the issue price; is it worth buying now?

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Ode to JRD Tata: The Pilot of the Indian Industry

Business

Tatva Chintan lists at double the issue price; is it worth buying now?

Ode to JRD Tata: The Pilot of the Indian Industry

Veteran Aditya Ghosh joins Rakesh Jhunjhunwala's new airline business

Daily Covid cases cross 70,000 in the US, Google & Apple postpone return to work on virus surge

SEBI slaps fine on Raj Kundra, Shilpa Shetty for insider trading

Nod for Deposit insurance bill amendment; deposits up to Rs 5 lakh will be insured

Apple reports stellar earnings but chip shortage to play havoc from here on

Ola's Bhavish Aggarwal opposes Musk's demand to cut duty, Paytm founder lends support

Day 1000 for #IndiaWantsCrypto, WazirX ups the social crypto campaign

Glenmark Life IPO: Massive retail rush oversubscribed on Day 1, what's the buzz?

Google earnings soar: YouTube matches Netflix & advertising sales soar 70%, Pichai pitches for vaccines

IMF warns fault lines are widening globally, US growth estimated raised, India faces GDP downgrade

Funding Alert! ShareChat raises $145 mln from Temasek, valued nearly at $3 billion

Why the cold weather is making your coffee more expensive? Coffee prices up 60%

Rolex Rings IPO opens with a bang, fully subscribed on Day 1

Crypto group to self regulate! Advertising guidelines on the anvil

Reliance takes the vaccination lead, 98% employees vaccinated

Jeff Bezos offers NASA $2 billion discount for moon lander contract

Tesla crosses $1 billion in revenue, up 10 times in 1 year! Musk braces shareholders for big change

UK High Court declares Vijay Mallya bankrupt, SBI and other banks can now takeover assets!

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