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iPhone upgrade trend could be due to Trump tariffs in the US, report says

iPhone upgrade trend could be due to Trump tariffs in the US, report says

Hindustan Times08-05-2025

Budget tablets under Rs 15,000 offer versatile performance for students, entertainment, and light work. Top picks include Lenovo Tab M11, Realme Pad X, Honor Pad X9, and Samsung Galaxy Tab A7, featuring good displays, sound, and battery life for various user needs.

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Patil Automation set for NSE SME debut today. GMP hints at modest premium
Patil Automation set for NSE SME debut today. GMP hints at modest premium

Economic Times

time25 minutes ago

  • Economic Times

Patil Automation set for NSE SME debut today. GMP hints at modest premium

Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Pune-based Patil Automation is set to list on the NSE SME platform today after seeing overwhelming investor demand during its Rs 69.61 crore IPO . The issue was subscribed an impressive 101.42 times overall, driven by robust interest from non-institutional investors (NII) who bid 258 times their quota. Retail investors subscribed 44.77 times, while the Qualified Institutional Buyer (QIB) category was booked 82.92 of the listing, the grey market premium (GMP) for Patil Automation shares is hovering around ₹31, indicating a listing price of Rs 151 per share—nearly 26% higher than the issue price of Rs 120. While GMPs are unofficial and not always accurate indicators, the premium reflects positive sentiment among IPO consisted entirely of a fresh issue of 58 lakh shares. Anchor investors had pumped in Rs 19.81 crore ahead of the IPO opening, with 16.51 lakh shares allocated at the upper price band. The funds raised will be used primarily to set up a new manufacturing facility and repay a portion of the company's in 2015, Patil Automation provides automation and robotics solutions across industries including automotive, electronics, and general product range includes robotic welding systems, automated assembly lines, conveyor systems, and AI-based vision inspection systems. The company operates five facilities and has over 500 personnel including contractual FY25, the company posted a net profit of Rs 11.70 crore on a revenue of Rs 122 crore, with PAT margins at 9.91% and ROE at 27.28%. The IPO valued the firm at a post-issue P/E of around the strong subscription figures and current GMP, the listing is likely to be positive, though post-listing performance may depend on broader market trends and investor appetite for SME stocks.

Patil Automation set for NSE SME debut today. GMP hints at modest premium
Patil Automation set for NSE SME debut today. GMP hints at modest premium

Time of India

time27 minutes ago

  • Time of India

Patil Automation set for NSE SME debut today. GMP hints at modest premium

Pune-based Patil Automation is set to list on the NSE SME platform today after seeing overwhelming investor demand during its Rs 69.61 crore IPO . The issue was subscribed an impressive 101.42 times overall, driven by robust interest from non-institutional investors (NII) who bid 258 times their quota. Retail investors subscribed 44.77 times, while the Qualified Institutional Buyer (QIB) category was booked 82.92 times. Ahead of the listing, the grey market premium (GMP) for Patil Automation shares is hovering around ₹31, indicating a listing price of Rs 151 per share—nearly 26% higher than the issue price of Rs 120. While GMPs are unofficial and not always accurate indicators, the premium reflects positive sentiment among investors. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Why Seniors Are Snapping Up This TV Box, We Explain! Techno Mag Learn More Undo The IPO consisted entirely of a fresh issue of 58 lakh shares. Anchor investors had pumped in Rs 19.81 crore ahead of the IPO opening, with 16.51 lakh shares allocated at the upper price band. The funds raised will be used primarily to set up a new manufacturing facility and repay a portion of the company's borrowings. Founded in 2015, Patil Automation provides automation and robotics solutions across industries including automotive, electronics, and general engineering. Its product range includes robotic welding systems, automated assembly lines, conveyor systems, and AI-based vision inspection systems. The company operates five facilities and has over 500 personnel including contractual workers. Live Events For FY25, the company posted a net profit of Rs 11.70 crore on a revenue of Rs 122 crore, with PAT margins at 9.91% and ROE at 27.28%. The IPO valued the firm at a post-issue P/E of around 22.4x. Given the strong subscription figures and current GMP, the listing is likely to be positive, though post-listing performance may depend on broader market trends and investor appetite for SME stocks.

Rs 264 crore to be spent for more new 30 schools: Tripura CM Saha
Rs 264 crore to be spent for more new 30 schools: Tripura CM Saha

India Gazette

time28 minutes ago

  • India Gazette

Rs 264 crore to be spent for more new 30 schools: Tripura CM Saha

Agartala (Tripura) [India], June 23 (ANI): Tripura Chief Minister Manik Saha said on Sunday that the state has already started adopting artificial intelligence (AI) in every sector and informed that 30 new schools will be set up with an expenditure of Rs 264 crore. While addressing a felicitation programme for secondary and HS passed students under Ramnagar Mandal, CM Saha said that during examinations, Prime Minister Narendra Modi conducts Pariksha Pe Charcha, where he emphasises how to remain stress-free during exams. 'The way he gives direction and speaks -- following the same approach, we also interact with students and share insights with them. As a result, we have seen a significant reduction in stress levels. I don't think such initiatives are happening anywhere else in the world. Even through the Mann Ki Baat programme, he connects with people. The work of PM Modi will be scripted in golden letters in history, and someday, research will also be conducted on it,' he said. CM Saha, who is also the education minister, said that AI has already been introduced to the state in this digital era. 'Students have to depend on themselves and keep learning. Through yoga, one can understand oneself. Especially if students practise yoga, it will be highly beneficial. We must engage in exercise so that our minds remain sharp. When PM Modi came, he began reviving ancient practices that were once well-known in India. I have seen many medical students working in the health sector doing exceptionally well, even attending the OT using AI. Earlier, we relied solely on textbooks, but now smart classes are available. The youth of our state are brilliant and should not leave the country. As PM Modi says -- those who have knowledge will run the country, and there is no limit to knowledge,' he said. He added that the Education Department has taken several steps, including the introduction of the NCERT curriculum, Super 30, and others. Bicycles have also been distributed to girl students. Around 44 schools have received new buildings. 'In the 2024-25 financial year, infrastructure development in around 350 schools will be carried out with an expenditure of Rs 80 crore. In 2025-26, another 30 new schools will be set up, and Rs 264 crore will be spent', he added. (ANI)

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