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State Bank of India – Initial public offering I In Bilaspur 16 banks, 70 branches yet investors did not come

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State Bank of India Initial public offering

Bilaspur. While investors across the country are excited to buy shares of Life Insurance Corporation of India (LIC), no one took interest in Bilaspur. Even after the Sunday holiday, 70 branches of 16 banks remained open throughout the day. A few arrived in SBI while the account in other banks did not even open.

The Reserve Bank of India has ordered all banks, including State Bank of India, which offers ASBA facilities, to keep branches open on Sunday so that investors do not face any kind of problem. Banks were allowed to do only IPO-related work. So all the 12 nationalized, four private banks of Nyayadhani were open. Few investors arrived at the State Bank of India.

In SBI Main Branch Gandhi Chowk, two investors applied to buy about 40 shares. While two customers applied for opening a Demat account. In other branches, the situation was not good. Even 50 applications were not submitted in a day. In the branches of PNB, Central Bank of India, and Union Bank, employees were seen enjoying the cool air of AC. Waiting for the investors to arrive.

The number of applications was less: Sandeep

SBI Regional Manager Sandeep Kumar said that the IPO of LIC has been launched on May 4. Investors can invest in it till May 9. Keeping in view the convenience of investors, RBI has decided that branches of all banks having ASBA facilities should remain open on Sundays. This is the reason why all the branches were open in Bilaspur. The number of investors buying shares was small. Detailed data will be available one day.

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Demat account disappointed

The main reason for less investor penetration in banks was that most of the people did not have a Demat account open. That’s why most of them took the help online. Actually, LIC IPO is getting a great response across the country. The policyholder’s quota has been fully subscribed. The government is selling 3.5 percent of its stake through IPO. The government is expected to raise Rs 21 thousand crores through this IPO.

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Wait for 5G service is over! PM Modi to launch on 1st October

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5G Services in India

5G Services in India: After the spectrum auction, it is time to start 5G services. Its wait is also going to end soon. 5G services are starting in India from 1 October. PM Modi will launch it in the Indian Mobile Congress. IMC is starting from 1st October and will run till 4th October.

5G services will start in India in the next month i.e. October. Telecom Minister Ashwini Vaishnav has already given this information. Now its date has also been fixed. Indian Mobile Congress is starting from 1st October and 5G service will be started on this day.

Prime Minister Narendra Modi will launch it on 1st October. Indian Mobile Congress has also made a tweet in this regard. However, the tweet is now deleted.

When 5g Services will Start in India

The Indian Mobile Congress is jointly organized by the Department of Telecommunications and COAI. After the 5G auction, Union Minister Ashwini Vaishnav had informed that 5G services will start in the country by October 12th. Both giant telecom companies Jio and Airtel have completed preparations for the 5G rollout. Both can start their service in October.

Jio and Airtel prepared for 5G Services

In the 5G auction  Jio is the highest bidder. Airtel is also playing big bets on 5G services. Apart from these two telecom companies, Vi has also bought spectrum, but the company has not disclosed the date of the service rollout. The company had clearly said that it will start 5G services according to the demand of the consumers.

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Which cities will get 5G services?

Whereas Jio and Airtel’s 5G service will start in October. That is, before Diwali, you will get their plans and other information. However, initially companies will start 5G service in big cities only.

Services will be started in Delhi, Kolkata, Chennai and Mumbai first, which will later be extended to other cities as well. Jio has said in their 5G rollout plan that they will launch 5G services across the country in the next two years. At the same time, consumers may have to spend more money for 5G plan than for 4G. However, telecom companies have not yet shared any concrete information about the 5G recharge plan.

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Forbes Real Time Billionaires: Gautam Adani becomes world’s second richest person in the world

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Gautam Adani 2nd Richest Person: Gautam Adani has become the second richest person in the world. He has achieved this position by leaving behind French industrialist Bernard Arnault today.

Gautam Adani 2nd Richest Person: Ever since the Adani Group Gautam Adani, the second-richest person in the world, has been climbing new heights ever since he was named Asia’s richest person in 2022. He now has a record to add to his list of accomplishments.Gautam Adani came in second place for some time today in the Forbes Real Time Billionaires List. He had left behind the French industrialist Bernard Arnault. At one point his net worth had reached $ 155.5 billion, but after some time he again came to number three. His net worth is currently at $155.2 billion. At the same time, Tesla and Space X owner Elon Musk still occupy the number one place. His net worth is $273.5 billion.

Today Gautam Adani’s wealth increased the most

Today i.e. on 16 September 2022, Gautam Adani’s wealth has increased the most. Today his net worth has increased by $4.9 billion. Elon Musk’s net worth has increased by $789 million. At the same time, a decline of $ 3.1 billion has been recorded in the wealth of French businessman Bernard Arnault. Apart from this, a decrease of $ 1 billion has also been seen in the wealth of Amazon founder Jeff Bezos, Microsoft founder Bill Gates.

Gautam Adani becomes Asia’s richest person in 2022

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At the beginning of the year, Gautam Adani became the richest person in Asia, leaving behind the country’s big industrialist Mukesh Ambani. Since then, there has been a steady increase in the wealth of Gautam Adani. Last week, he left behind Amazon founder Jeff Bezos in terms of assets. In view of the tremendous growth of Adani’s stock, it is believed that he will soon overtake Bernard Arnault and come second. Let us tell you that Gautam Adani has become the first Asian to do this. On the other hand, talking about Mukesh Ambani, he is at number 8 in the Forbes Real Time Billionaires List. His net worth is $92 billion.

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Reliance AGM 2022: Mukesh Ambani’s successor may be announced today, 5G may also lift the curtain

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Reliance AGM 2022

Reliance AGM 2022 All eyes will be on Mukesh Ambani’s speech at the 45th general meeting of Reliance Industries. It is expected that today he can make a big announcement regarding the succession of the company. The company can also make some important announcements regarding 5G.

New Delhi, Business Desk. Reliance Industries’ much-awaited General Annual Meeting AGM (Reliance AGM 2022) will begin at 2 pm today. It is believed that Mukesh Ambani, chairman of Reliance Industries Ltd, can make many important announcements during his speech. For the past several years, Mukesh Ambani has been making his major announcements in the AGM itself. In 2016, he also announced the launch of Jio’s services at the AGM itself.

The AGM, which begins at 2 pm via video conferencing, may see some major announcements including succession, 5G rollout timeline and the launch of JioPhone. The AGM is also expected to release the company’s policy roadmap in the retail, telecom and energy sectors.

Possible announcement of new successor

Last year, Mukesh Ambani had indicated that succession planning at Reliance would be expedited. Both his sons Akash, Anant and daughter Isha are already working as directors in unlisted firms of the group. In June, Mukesh Ambani stepped down as the chairman of Reliance Infocomm Limited to replace his elder son Akash. A Bloomberg report has revealed that the company is working on a plan for a change in leadership. Under this, Isha, Anant and possibly Nita Ambani can also be entrusted with some important responsibility in the company.

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5G Rollout

An important announcement can also be made in the AGM regarding the launch of Reliance’s 5G service. Union Minister Ashwini Vaishnav recently said that the government is hopeful to launch 5G services (5G in India) by October 12. Let us tell you that Reliance Jio was the highest bidder for spectrum during the 5G auction. For 5G, the company has bought airwaves worth more than $ 11 billion. The company can also lift the curtain on the handset with the 5G plan.

At the 44th AGM last year, Ambani made several announcements related to solar power along with the launch of JioPhone Next.

Reliance Jio IPO

There may also be some announcements in the meeting regarding the IPO of Reliance Jio and Reliance Retail Limited. Investors have been waiting for the IPO of Jio and Reliance Retail for a long time.

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What will be the changes regarding Reliance Energy

An update can be given this time about the announcements the company made last year to build four giga-factories to make solar modules, hydrogen electrolysers, fuel cells and storage batteries. Analysts are of the view that the company may revive the plan for oil-to-chemicals (O2C) demerger, which was postponed last year.

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