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<ul><li>Arkade Developers will announce the share allotment status today.</li><li>The shares of Arkade Developers were subscribed 106.08 times.</li><li>The shares of Arkade Developers will be listed on the stock exchanges on September 24.</li></ul>Arkade Developers, a real estate development company focused on developing high-end residential developments in Mumbai is all set to announce the allotment status of its heavily subscribed initial public offering (IPO) on Friday, September 20. The <keyword id="23167562" type="General" weightage="20" keywordseo="Arkade-Developers-IPO" source="keywords">Arkade Developers IPO</keyword> opened on September 16 and closed on September 19. The price band for the IPO was ₹121 to ₹128 per share. <h2>Arkade Developers IPO subscription</h2>On the last day, the Arkade Developers IPO was subscribed 106.08 times, receiving bids for 252.22 crore equity shares against 2.38 crore shares on offer. While the qualified institutional buyer portion was subscribed 163.16 times, the non-institutional investors portion was subscribed 162.50 times. The retail portion also witnessed excellent participation and was subscribed 50.17 times. The employee portion was subscribed 49.18. <h2>Arkade Developers grey market premium</h2>The shares of Arkade Developers are currently commanding a grey market premium (GMP) of ₹85 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. <h2>How to check the Arkade Developers’ allotment status</h2>You can check the allotment status on the registrar’s website. <ul><li>To check the <keyword id="23186237" type="General" weightage="100" keywordseo="Arkade-Developers-ipo-allotment" source="Orion">Arkade Developers IPO allotment</keyword> status, visit the registrar’s website<a href="https://ipo.bigshareonline.com/IPO_Status.html"> here</a>.</li><li>Click on ‘Select Company’ and then select ‘Arkade Developers’.</li><li>Now, select PAN, application number, or beneficiary ID and provide the details.</li><li>Now, enter the captcha.</li><li>Click on “Search”.</li></ul>You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you. You can also check the Arkade Developers <keyword id="20660173" type="General" weightage="20" keywordseo="IPO-allotment" source="keywords">IPO allotment</keyword> status on the BSE and NSE websites. To check the allotment status on the BSE or NSE website: <ul><li>Go to the BSE<a href="https://www.bseindia.com/investors/appli_check.aspx"> website</a>.</li><li>On the website, click on 'Equity' and then select ‘Arkade Developers’ from the dropdown menu.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li></ul>You will be able to see the number of shares allotted to you. You can click<a href="https://www.nseindia.com/products-services/initial-public-offerings-bid-verification"> here</a> and log in to check your allotment status on NSE. <h2>Arkade Developers IPO listing date</h2>The shares of Arkade Developers will be listed on the stock exchanges on September 24. Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. We recommend that readers consult certified, qualified, registered advisors for professional and personalised financial advice. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/xiaomi-emerges-as-the-worlds-second-biggest-smartphone-brand-in-august/articleshow/113478178.cms">Xiaomi emerges as the world’s second-biggest smartphone brand in August</a> <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-announces-diwali-dhamaka-offer-get-jioairfiber-free-for-one-year/articleshow/113451512.cms">Reliance Jio announces Diwali Dhamaka offer – Get JioAirFiber free for one year</a> <a href="https://www.businessinsider.in/tech/apps/news/instagram-will-force-teenagers-to-have-a-private-account-enable-sleep-mode-after-10-pm/articleshow/113449313.cms">Instagram will force teenagers to have a private account, enable sleep mode after 10 PM</a>

Arkade Developers IPO allotment – Check allotment status, GMP, listing date and more

<ul><li><keyword id="17657228" type="General" weightage="20" keywordseo="Western-Carriers" source="Orion">Western Carriers</keyword> is expected to announce its IPO share allotment status on Friday, September 20.</li><li>The shares of Western Carriers were subscribed 30.57 times.</li><li>The Western Carriers shares are expected to be listed on the stock exchanges on September 24.</li></ul> West Bengal-based Western Carriers, a multi-modal, rail-focused, 4PL asset-light logistics company is expected to announce the allotment status of its initial public offering (IPO) on Friday, September 20. The <keyword id="23160500" type="General" weightage="20" keywordseo="Western-Carriers-IPO" source="keywords">Western Carriers IPO</keyword> opened on September 13 and closed on September 19. The price band for the Western Carriers IPO was ₹163 to ₹172 per share. <h2>Western Carriers IPO subscription status</h2>On its last day, the Western Carriers IPO was subscribed 30.57 times, receiving bids for 63.79 crore equity shares against 2.09 crore shares on offer. While the qualified institutional buyer (QIB) portion was subscribed 27.99 times, the non-institutional investor's portion was subscribed 44.71 times. The retail portion was subscribed 25.95 times. <h2>Western Carriers IPO <keyword id="19905703" type="General" weightage="20" keywordseo="grey-market-premium" source="keywords">Grey market premium</keyword></h2>The shares of Western Carriers are currently commanding a grey market premium (GMP) of ₹25 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. <h2>How to check the Western Carriers IPO’s allotment status</h2>You can check the <keyword id="23243324" type="General" weightage="100" keywordseo="Western-Carriers-ipo-allotment" source="Orion">Western Carriers IPO allotment</keyword> status on the registrar’s website. <ul><li>To check the Western Carriers <keyword id="20660173" type="General" weightage="20" keywordseo="IPO-allotment" source="keywords">IPO allotment</keyword> status, visit the registrar’s website<a href="https://linkintime.co.in/initial_offer/public-issues.html"> here</a>. </li><li>Click on ‘Select Company’ and then select ‘Western Carriers’. </li><li>Now, enter your PAN, application number, DP / Client ID or Account number / IFSC. </li><li>Click on submit. </li></ul>You will be able to see your Western Carriers IPO application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you. You can also check the Western Carriers IPO allotment status on the BSE and NSE websites. To check the allotment status on the BSE or NSE website: <ul><li>Go to the BSE<a href="https://www.bseindia.com/investors/appli_check.aspx"> website</a>. </li><li>On the website, click on 'Equity' and then select ‘Western Carriers’ from the dropdown menu. </li><li>Now, enter your application number and PAN. </li><li>Click on 'Search'. </li></ul>You will be able to see the number of Western Carriers shares allotted to you. You can click<a href="https://www.nseindia.com/products-services/initial-public-offerings-bid-verification"> here</a> and log in to check your Western Carriers IPO allotment status on NSE. <h2>Western Carriers IPO listing date</h2>The shares of Western Carriers will be listed on the stock exchanges on September 24. Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. We recommend that readers consult certified, qualified, registered advisors for professional and personalised financial advice. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/arkade-developers-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113493854.cms">Arkade Developers IPO allotment – How to check allotment, IPO GMP, listing date and more</a> <a href="https://www.businessinsider.in/stock-market/news/northern-arc-capital-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113493763.cms">Northern Arc Capital IPO allotment – How to check allotment, IPO GMP, listing date and more</a> <a href="https://www.businessinsider.in/tech/mobile/news/xiaomi-emerges-as-the-worlds-second-biggest-smartphone-brand-in-august/articleshow/113478178.cms">Xiaomi emerges as the world’s second-biggest smartphone brand in August</a>

Western Carriers IPO allotment – How to check allotment, IPO GMP, listing date and more

<ul><li>The <keyword id="19909268" type="General" weightage="20" keywordseo="Indian-government" source="keywords">Indian government</keyword> is expected to extend the <keyword id="20180867" type="General" weightage="20" keywordseo="import-management-system" source="keywords">import management system</keyword> by three months.</li><li>The import management system has been developed by <keyword id="21064214" type="General" weightage="20" keywordseo="IT-hardware" source="keywords">IT hardware</keyword> such as <keyword id="23249347" type="General" weightage="20" keywordseo="laptops-and-tablets" source="keywords">laptops and tablets</keyword>.</li><li>The deadline for the review of the scheme is September 30.</li></ul>The Indian government is expected to extend the current import management system for the import of certain IT hardware such as laptops and tablets for three months ahead of the September 30 deadline. According to a PTI report, an official source familiar with the matter confirmed that the import management system will be extended. According to the official, these imports stood at $8.4 billion in 2023-24 against the authorisation of about $9.5 billion. The official also added that most of these imports were from China. In October 2023, the government had rolled out an import management/ authorisation for imports of laptops, personal computers and certain other IT hardware products. The system is aimed at monitoring inbound shipments of these items into the country without hurting market supply. “The current system, which the government calls the Inventory Management System, essentially a registration programme, expires on September 30. We don't know what's going to happen after that, because even trusted companies are required to register their products and get import permissions. There's a real risk that if this programme isn’t reinstated, all of these products are going to be cut off,” said Jason Oxman, President, Information Technology Industry Council (ITI) earlier this month. On November 1, 2023, the government cleared over 100 applications, including those of Apple, Dell and Lenovo, which sought permission for imports of these IT hardware products worth nearly USD 10 billion, on the first day of implementation of the new system. "A formal request is coming for an extension of the existing system. With a three month extension, this whole year will be covered. So this current year, I do not see any disruption," the official said. The new licence regime applies to laptops, personal computers, microcomputers, large or mainframe computers, and certain data processing machines. With inputs from PTI. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/arkade-developers-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113493854.cms">Arkade Developers IPO allotment – Check allotment status, GMP, listing date and more</a> <a href="https://www.businessinsider.in/stock-market/news/western-carriers-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113511375.cms">Western Carriers IPO allotment – How to check allotment, IPO GMP, listing date and more</a> <a href="https://www.businessinsider.in/tech/mobile/news/iphone-16-series-allows-users-to-wirelessly-restore-the-firmware-using-an-iphone-or-ipad/articleshow/113455048.cms">iPhone 16 series allows users to wirelessly restore the firmware using an iPhone or iPad</a>

Government expected to extend the import management system for laptops and tablets for three months

Mumbai, Three out of five consumers surveyed in India believe it is normal for people to exaggerate income on <keyword id="20243269" type="General" weightage="20" keywordseo="loan-applications" source="keywords">loan applications</keyword>, according to a report on people's attitudes toward first-party <keyword id="20490528" type="General" weightage="20" keywordseo="financial-fraud" source="keywords">financial fraud</keyword>. The survey by global analytics software company FICO stated that more than a quarter (27 per cent) of Indians believe it is normal for people to deliberately misrepresent their income on mortgage applications. "Three in five consumers (63 per cent) think it is OK or normal for people to exaggerate their income on loan applications, significantly more than the global average of 39 per cent," the survey said. More than half (54 per cent) believe it is normal to falsify insurance claims, the global survey which examined 1,000 people in India said. Many Indians consider it fine to exaggerate income on personal loan applications, further complicating financial integrity. Just one third (33 per cent) of consumers believe it is never acceptable to exaggerate income on a personal loan application, while another third (35 per cent) finds it acceptable under specific conditions. "With over 60 per cent of Indian consumers viewing income falsification as acceptable or justified, banks face a very real problem of 'liar loans' that could skew risk assessment and increase bad loan rates," said Aashish Sharma, APAC segment leader for risk lifecycle and decision management at FICO. As many 1,000 Indian adults were surveyed, along with approximately 12,000 other consumers in Canada, U.S., Brazil, Colombia, Mexico, The Philippines, Indonesia, Malaysia, Singapore, Thailand, U.K. and Spain. Globally, attitudes are notably different, with the survey revealing the majority of consumers (56 per cent) firmly reject the idea of exaggerating income on loan applications, viewing it as never acceptable. Just, one in four (24 per cent) consider it permissible in certain circumstances, and only one in seven (15 per cent) view it as a normal practice, the report said. "Many consumers may not see this as harmful behaviour, but it's important to understand that when applying for financial products, applicants typically certify that the information they provide is accurate," Sharma said. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/arkade-developers-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113493854.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/arkade-developers-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113493854.cms" target="_blank">Arkade Developers IPO allotment – Check allotment status, GMP, listing date and more</a><a href="https://www.businessinsider.in/stock-market/news/western-carriers-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113511375.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/western-carriers-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113511375.cms" target="_blank">Western Carriers IPO allotment – How to check allotment, IPO GMP, listing date and more</a><a href="https://www.businessinsider.in/tech/mobile/news/iphone-16-series-allows-users-to-wirelessly-restore-the-firmware-using-an-iphone-or-ipad/articleshow/113455048.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/iphone-16-series-allows-users-to-wirelessly-restore-the-firmware-using-an-iphone-or-ipad/articleshow/113455048.cms" target="_blank">iPhone 16 series allows users to wirelessly restore the firmware using an iPhone or iPad</a>

Three out of 5 consumers think it's normal to exaggerate income on loan applications: Survey

<keyword id="19929450" type="General" weightage="20" keywordseo="Shubman-Gill" source="keywords">Shubman Gill</keyword> and <keyword id="19907058" type="General" weightage="20" keywordseo="Rishabh-Pant" source="keywords">Rishabh Pant</keyword> cantered to fluent fifties as India reached 205 for three at lunch in their second innings on the third day to take total control of the first Test against Bangladesh here on Saturday. Gill (86 batting) and Pant (82 batting), who have so far added 138-runs for the unbroken fourth wicket, were at the crease at the end of the first session with India, overnight 81 for three, extending their lead to 432 runs. Gill, beginning the day from 33, and Pant, resuming from 12, exploited the inability of <keyword id="23240418" type="General" weightage="20" keywordseo="Bangladesh-bowlers" source="keywords">Bangladesh bowlers</keyword> to make the best out of a cool, damp morning with sensible shot-making. The Indian pair took on Bangladesh bowlers in their own inimitable ways. Minimalism is quintessential to Gill's batting as he plays shots with little flourish. The short-arm pull from in front of the face or that zero follow-through punch through the covers, which he often executed off Nahid Rana and Mahmud Hasan, might not be out of the batting manual but productive nonetheless. Gill took another solid step forward in his growing familiarity with <keyword id="19935483" type="General" weightage="20" keywordseo="Test-cricket" source="keywords">Test cricket</keyword> here, bringing up an individual fifty off 79 balls, and is looking good for more. Pant, on the other hand, is playing his first Test after 2022, and celebrated his re-entry with a fifty of his own after getting dismissed cheaply in the first innings. The left-hander started rather sedately, perhaps wanted to get his eye in before opening up. The breakaway moment came when he pulled off-spinner Mehidy Hasan Miraz for a four around the first drinks break of the day. Since that point, Pant's dismantling of Miraz became a feature of the innings as he brought up his fifty off 88 balls. Once that fifty was achieved, the 26-year-old unfurled some of those typical Pant shots. Pant moved around the crease like a trapeze artist, and his scooped six over fine leg off Mahmud enthralled a sizeable weekend crowd here. He was dropped on 72 by Najmul Hossain Shanto off Shakib Al Hasan as India added 124 runs in the session. SEE ALSO:<a href="https://www.businessinsider.in/tech/gadgets/news/samsung-galaxy-watch-ultra-review/articleshow/113520294.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/gadgets/news/samsung-galaxy-watch-ultra-review/articleshow/113520294.cms" target="_blank">Samsung Galaxy Watch Ultra review – premium watch with a rugged design</a><a href="https://www.businessinsider.in/stock-market/news/arkade-developers-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113493854.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/arkade-developers-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113493854.cms" target="_blank">Arkade Developers IPO allotment – Check allotment status, GMP, listing date and more</a><a href="https://www.businessinsider.in/tech/mobile/news/xiaomi-emerges-as-the-worlds-second-biggest-smartphone-brand-in-august/articleshow/113478178.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/xiaomi-emerges-as-the-worlds-second-biggest-smartphone-brand-in-august/articleshow/113478178.cms" target="_blank">Xiaomi emerges as the world’s second-biggest smartphone brand in August</a>

Gill, Pant fifties carry India to 205/3 at lunch on Day 3 against Bangladesh

The Indian version of "<keyword id="20621486" type="General" weightage="20" keywordseo="The-Night-Manager" source="keywords">The Night Manager</keyword>", starring <keyword id="19908194" type="General" weightage="20" keywordseo="Anil-Kapoor" source="keywords">Anil Kapoor</keyword>, <keyword id="19963248" type="General" weightage="20" keywordseo="Aditya-Roy-Kapoor" source="keywords">Aditya Roy Kapoor</keyword> and <keyword id="19902028" type="General" weightage="20" keywordseo="Sobhita-Dhulipala" source="keywords">Sobhita Dhulipala</keyword>, has received a nomination in the drama series category at the 2024 International Emmy Awards. "The Night Manager" is the only entry from India across 14 categories at the nominations that were announced on Thursday in New York by the International Academy of Television Arts &amp; Sciences (IATAS). The series, directed by <keyword id="23240351" type="General" weightage="20" keywordseo="Sandeep-Modi" source="keywords">Sandeep Modi</keyword> and <keyword id="23246289" type="General" weightage="20" keywordseo="Priyanka-Ghose" source="keywords">Priyanka Ghose</keyword>, is adapted from both -- the John le Carre's novel and the British show, starring Tom Hiddleston, Hugh Laurie and Olivia Colman. "The Night Manager" will compete with French show "Les Gouttes de Dieu" (Drops of God), "The Newsreader - Season 2" from Australia and "Iosi, El Espia Arrepentido" season two from Argentina in the category. Kapur, who essayed the titular Night Manager, said he is happy that his series debut received an International Emmy nod and it is a "big moment" for the entire team. "An Emmy Nomination for my first series.. wow! From day one, we knew that we were creating something special with The Night Manager but for it to receive so much love and recognition across the country, and the world was not something any of us had imagined. This is such a big moment for us all!" he said. In the Indian take, Kapur played Shaan Sengupta, a hotel night manager, who goes undercover to bring down the empire of arms dealer Shaildendra 'Shelly' Rungta (played by Anil Kapoor). Kapoor said he is "ecstatic" over the nomination, which is a "worthy reminder" that hard work always pays off. "It's just been brought to my attention that our Indian adaptation of 'The Night Manager' has been nominated for an International Emmy. I remember when the offer came in, I was conflicted. It offered me the opportunity to play a character so complex, but also, on the other hand, the huge responsibility of trying to add newness and authenticity to a part that had been played so masterfully by Hugh Laurie. "This validation from the Emmys, in addition to the tremendous love that we have received from fans worldwide, is a worthy reminder that hard work always pays.. I am ecstatic and hungrier than ever before for what's to come," the actor said. Also starring Tillotama Shome, Saswata Chatterjee and Ravi Behl, "The Night Manager" is produced by The Ink Factory and Banijay Asia for Disney+ Hotstar. Dhulipala, who played Kaveri, said the news of the show's nomination is "motivating and moving". "This is such fantastic news! I'm so happy for the directors Sandeep Modi and Priyanka Ghose as well as our phenomenal technical crew. Big shout out to Anil Sir, Aditya, Tillotama and the rest of the cast for this exciting moment and shared joy!" she added. Modi said he is beyond happy that "The Night Manager" is the only Indian nomination at the 2024 <keyword id="23246288" type="General" weightage="20" keywordseo="International-Emmys" source="keywords" meta.keywordsubtype="org" meta.entityname="International Emmys" meta.hostid="83" meta.entityid="International Emmys">International Emmys</keyword>. "With The Night Manager, the most challenging thing was to tell the story again in a way that it would appeal to the audiences. Each character has been crafted meticulously, in a way that they connect with the Indian audiences and the ethos," he added. The International Emmys, to be held in New York on November 25, will be hosted by Indian comedian Vir Das, who won an award last year for his stand-up special "Landing". Nominees for International Emmys come from different countries such as Argentina, Australia, Belgium, Brazil, India, Chile, Colombia, France, Japan, Germany and many others. "Every year the international television community competes to be recognized on the International Emmys' much coveted global stage," said International Academy President &amp; CEO Bruce L Paisner. "We congratulate the Nominees for their outstanding programs and performances, they are once again a testament to the universal appeal of great storytelling across all genres, countries and cultures," Paisner added. The other nominee categories are for best performance by an actor, actress, comedy, documentary, non-scripted entertainment, short-form series, sports documentary, telenovela, TV movie / mini-series, kids: animation, kids: factual, kids: live-action. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/arkade-developers-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113493854.cms">Arkade Developers IPO allotment – How to check allotment, IPO GMP, listing date and more</a> <a href="https://www.businessinsider.in/stock-market/news/northern-arc-capital-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113493763.cms">Northern Arc Capital IPO allotment – How to check allotment, IPO GMP, listing date and more</a> <a href="https://www.businessinsider.in/tech/mobile/news/xiaomi-emerges-as-the-worlds-second-biggest-smartphone-brand-in-august/articleshow/113478178.cms">Xiaomi emerges as the world’s second-biggest smartphone brand in August</a>

'The Night Manager' nominated in drama series category at International Emmys, Anil Kapoor 'ecstatic'

<ul><li><keyword id="19970536" type="General" weightage="20" keywordseo="BSNL" source="keywords" meta.keywordsubtype="org" meta.entityname="BSNL" meta.hostid="261" meta.entityid="BSNL">BSNL</keyword> recorded a huge increase in its <keyword id="20376437" type="General" weightage="20" keywordseo="subscriber-base" source="keywords">subscriber base</keyword> in July 2024.</li><li><keyword id="19896911" type="General" weightage="100" keywordseo="Reliance-Jio" source="keywords" meta.keywordsubtype="org" meta.entityname="Reliance Jio" meta.hostid="261" meta.entityid="Reliance Jio">Reliance Jio</keyword>, <keyword id="19896909" type="General" weightage="20" keywordseo="Airtel" source="keywords" meta.keywordsubtype="org" meta.entityname="Airtel" meta.hostid="261" meta.entityid="Airtel">Airtel</keyword> and <keyword id="20116054" type="General" weightage="20" keywordseo="Vi" source="keywords" meta.keywordsubtype="org" meta.entityname="Vi" meta.hostid="261" meta.entityid="Vi">Vi</keyword> have all reported a significant decline in their subscriber base.</li><li>This comes after the <keyword id="20382313" type="General" weightage="20" keywordseo="tariff-hike" source="keywords">tariff hike</keyword> in July 2024, which increased tariffs by up to 25%.</li></ul> In a big boost to state-run Bharat Sanchar Nigam Limited (BSNL), the telco has reported a huge 2.93 million increase in subscribers in July 2024, while other telecom operators such as Reliance Jio, Bharti Airtel and Vi reported a substantial decline in their subscriber base. After a long time, the month of July recorded a net decline in the Indian telecom user base. In July, there was a decline of 0.92 million users, down from an increase of 1.57 million users in June 2024. This takes the total subscriber base from 1.171 billion in June 2024 to 1.169 billion in July 2024. As we<a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-gained-over-3-million-subscribers-in-june-vi-lost-nearly-a-million/articleshow/112670406.cms"> mentioned earlier</a>, the effect of the price hike announced by the private telcos was visible in July, with all three telcos losing subscribers in huge numbers, while BSNL benefitted. We expect there to be a second wave of decline for these telcos in August as well. <div type="Article" hostid="261" msid="111331794" title="Reliance Jio and Airtel price hike – new plans and how you can save money" mstype="2" mssubtype="0"></div> Mukesh Ambani-led Reliance Jio had announced a tariff hike, which was followed by Airtel and Vi. The telcos had announced a tariff hike of up to 25%, which came into effect from July. <h2>BSNL records a huge increase</h2>For the first time, BSNL has recorded a huge increase in subscribers while the private players have reported a decline. BSNL recorded an increase of 2.93 million subscribers in July 2024, taking its total subscriber base from 85.58 million users in June 2024 to 88.51 million in July 2024. <h2>Airtel records the highest decline</h2>Sunil Mittal-led Bharti Airtel has recorded the biggest decline in its subscriber base in July at 1.69 million users. The telco’s subscriber base declined from 389.02 million in June 2024 to 387.33 million in July 2024. Despite this, the telco continues to enjoy a high active subscriber base. The company's active subscribers stand at 383.66 million users out of its 387.33 million users, which is 99.05% of its total user base. <h2>Vi continues to bleed subscribers</h2>Vi, which is yet to launch 5G services in the country has once again reported a huge decline in subscribers. The company lost nearly 1.41 million users in July 2024. The company’s subscriber base decreased from 217.30 million in June 2024 to 215.88 million users in July 2024. Out of the 215.88 million users, the company’s active user base stands at 185.23 million users, which is 85.80%. <h2>Reliance Jio also records a decline in users</h2>Reliance Jio, which has been continuously increasing its subscriber base lost 7,58,463 subscribers in July 2024. With this, Jio's subscriber base has decreased from 476.53 million in June 2024 to 475.77 million in July 2024. Out of the 475.77 million subscribers, the company’s active subscriber base stood at 440.73 million, which is 92.64%. <h2>MNP requests continue to grow</h2>Mobile number portability (MNP), which allows users to shift from one telecom operator to another, recorded 13.68 million requests during July 2024. With this, the total number of MNP requests received since the introduction of this in November 2010 has reached 1.01 billion. SEE ALSO: <a href="https://www.businessinsider.in/tech/gadgets/news/samsung-galaxy-watch-ultra-review/articleshow/113520294.cms">Samsung Galaxy Watch Ultra review – premium watch with a rugged design</a> <a href="https://www.businessinsider.in/stock-market/news/arkade-developers-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113493854.cms">Arkade Developers IPO allotment – Check allotment status, GMP, listing date and more</a> <a href="https://www.businessinsider.in/tech/mobile/news/xiaomi-emerges-as-the-worlds-second-biggest-smartphone-brand-in-august/articleshow/113478178.cms">Xiaomi emerges as the world’s second-biggest smartphone brand in August</a>

Jio and Airtel lost subscribers in July after tariff hike, BSNL records growth

In a landmark moment for Indian equities, the benchmark <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> surged past the 84,000 mark for the first time, closing at a <keyword id="19953076" type="General" weightage="20" keywordseo="record-high" source="keywords">record high</keyword> of 84,544.31 on Friday. This impressive rally, fueled by gains in frontline <keyword id="20193591" type="General" weightage="20" keywordseo="bank-stocks" source="keywords">bank stocks</keyword> and positive global trends, signals a buoyant sentiment in both domestic and international markets. The Sensex climbed 1,359.51 points, or 1.63%, while the NSE <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> followed suit, gaining 375.15 points or 1.48%, closing at a record 25,790.95. The intra-day highs saw the Sensex touching 84,694.46 and the Nifty peaking at 25,849.25. Mahindra &amp; Mahindra led the rally with a gain of over 5%, while other top performers included ICICI Bank, JSW Steel, Larsen &amp; Toubro, and Nestlé. <h3> </h3><h3>Top gainers and losers</h3>While the overall market was in an uptrend, sectoral performances varied. Nifty Auto, Metal, Real Estate, Power, Capital Goods, FMCG, Consumer Durables, and Bank Nifty saw minor gains. However, sectors like IT, Telecom, Oil &amp; Gas, and Pharma lagged behind. Notably, Nifty IT emerged as the top sectoral loser, with a drop of over 3%, weighed down by losses in major IT firms such as TCS, which fell 5.1%. Within the Nifty, ICICI Bank led the gains with a 7.8% surge, followed by Mahindra &amp; Mahindra (+7.4%) and Nestlé (+6.5%). On the losing end, TCS (-5.1%), Grasim Industries (-4.1%), and BPCL (-2.8%) faced pressure. Foreign and domestic institutional investors were net buyers, providing further momentum to the market. The Volatility Index, India VIX, rose by 2.24%, signaling a slight uptick in market uncertainty but not enough to dampen the bullish sentiment. <h3>Global cues propelling the bull run</h3>Analysts attribute the rally to a combination of domestic strength and global optimism, particularly the recent 50 basis points rate cut by the U.S. Federal Reserve. The Fed’s highly accommodative monetary policy has reignited confidence in global markets, with foreign inflows expected to increase, bolstering Indian equities in the short to medium term. Asian markets, including Seoul, Tokyo, Shanghai, and Hong Kong, all closed in the green, adding to the positive momentum. In contrast, European equity markets showed some weakness, while the U.S. markets continued their upward trend, with the Dow and S&amp;P 500 reaching new highs. "The U.S. markets, led by the Dow and S&amp;P 500, setting record highs is a testament to the ongoing global bull run. Indian markets are benefiting from this, as global liquidity and optimism remain strong," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. "Unemployment data, along with the Fed’s half-point rate cut has bolster investors’ sentiment in the US. Initial jobless claims, which came in at 219,000 for the week of Sept. 14, were lower than expected and showed a decline from the prior week. In Europe, investors digested a slew of central bank rate decisions this week and their impact on the global economy," says Shrikant Chouhan, Head Equity Research, Kotak Securities. <h3>Bullish momentum intact, but caution ahead</h3>From a technical perspective, the Sensex and Nifty are showing strong bullish momentum. The Nifty closed above the key resistance of 25,600, signaling further upside potential toward the 25,900-26,000 range. However, traders should keep an eye on the short-term profit booking, as indicated by the formation of a Shooting Star-like candlestick pattern near the index’s all-time high. Immediate support for the Nifty stands at 25,500, with additional support levels at 25,300 and 25,120, according to technical analysts. As long as the Nifty remains above 25,600, a "Buy on Dips" strategy is advisable for traders. However, if it falls below 25,620, a "Sell on Rise" approach might be more prudent. "The recent surge in major indices, particularly the high beta index BankNifty, indicates a favorable shift in market dynamics. It is recommended to capitalize on the upward momentum by taking profits, rather than adopting an aggressive stance in the overbought territory," says Osho Krishan, Senior Analyst - Technical &amp; Derivatives, Angel One Ltd. <h3>What's next for the markets?</h3>As markets head into uncharted territory, the focus will shift to key macroeconomic indicators, including inflation, geopolitical concerns, and global economic trends. While the current rally is underpinned by strong global cues and positive domestic sentiment, market participants are advised to remain cautious in the face of potential volatility. Vinod Nair, Head of Research at Geojit Financial Services, emphasized the need for a balanced approach: “While the 50 bps Fed rate cut is undoubtedly positive, markets should remain mindful of evolving global conditions. In the short term, foreign inflows will boost the market, but longer-term prospects depend on the global economic landscape.” As the market rally continues, the challenge will be to maintain momentum while navigating potential headwinds, including global oil price fluctuations—Brent crude settled slightly lower at USD 74.71 per barrel, a dip of 0.23%. With the Sensex and Nifty scaling new heights, the mood on Dalal Street remains optimistic, driven by a combination of domestic strength and global tailwinds. But as always, market participants should keep their strategies flexible and be prepared for any shifts in sentiment. (With inputs from PTI) SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/arkade-developers-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113493854.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/arkade-developers-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113493854.cms" target="_blank">Arkade Developers IPO allotment – Check allotment status, GMP, listing date and more</a><a href="https://www.businessinsider.in/stock-market/news/western-carriers-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113511375.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/western-carriers-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113511375.cms" target="_blank">Western Carriers IPO allotment – How to check allotment, IPO GMP, listing date and more</a><a href="https://www.businessinsider.in/tech/mobile/news/iphone-16-series-allows-users-to-wirelessly-restore-the-firmware-using-an-iphone-or-ipad/articleshow/113455048.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/iphone-16-series-allows-users-to-wirelessly-restore-the-firmware-using-an-iphone-or-ipad/articleshow/113455048.cms" target="_blank">iPhone 16 series allows users to wirelessly restore the firmware using an iPhone or iPad</a>

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Arkade Developers IPO allotment – Check allotment status, GMP, listing date and more

Sourabh Jain

Western Carriers IPO allotment – How to check allotment, IPO GMP, listing date and more

Sourabh Jain

Government expected to extend the import management system for laptops and tablets for three months

BI India Bureau

Three out of 5 consumers think it's normal to exaggerate income on loan applications: Survey

PTI

Gill, Pant fifties carry India to 205/3 at lunch on Day 3 against Bangladesh

PTI

'The Night Manager' nominated in drama series category at International Emmys, Anil Kapoor 'ecstatic'

PTI

Jio and Airtel lost subscribers in July after tariff hike, BSNL records growth

Sourabh Jain

Sensex @ 84k: With 1,359 pts gain, benchmark index settles above historic mark

BI India Bureau

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