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Market crash dampens mood for Indian Oil stake sale

Published

9 years ago

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New Delhi: The carnage in the global equities market had its effect on stake sale in the state-run oil refiner-retailer Indian Oil Corp that was subscribed around 55 percent, four hours after bidding began at 9:15 pm. The stock was also quoting below the floor price.

At 1:15 p.m., bids were received for 13.96 crore shares, representing 57.5 percent of the 24.28 crore shares which the government proposes to divest at a floor price of Rs.387 a piece. At the Bombay Stock Exchange, around that time, the company’s share was quoting at Rs.380.45.

The retail portion barely managed around 6 percent, even though the government has offered set aside 20 percent of the shares for them at a discount of 5 of the Cut off price. The non-retail portion fared better with around 70 percent subscription.

Bidding closes at 3:30 p.m.

The current government holding in Indian Oil Corp, the largest oil retailer in thde country, is 68.57 percent and the proposal is for divesting another 10 percent to raise at least Rs.9,400 crore, taking into accout the floor price of Rs.387 per share.

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Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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