Key Events on November 7, 2024: Niva Bupa IPO, Q2 Earnings Reports, and Chhath Puja Highlights

Today, Nov 7, 2024, is a busy day with many developments taking shape in key areas like finance, infrastructure, religious festivals and rallies. From Niva Bupa IPO that everyone has been eagerly awaiting to major Q2 earnings announcements and Chhath Puja celebrations, here's how things have turned out for the day.
 
1. Niva Bupa Health Insurance IPO launch
Niva Bupa Health Insurance opens its long-awaited ₹2,200 crore IPO to a three-day subscription period today. The erstwhile Max Bupa Health Insurance has already raised ₹990 crores from anchor investors and hopes to capitalise on investor interest in this growing health insurance sector. With a close on Monday, November 11, subscription rates will be keenly watched over the weekend.

2. Swiggy IPO Day 2 Update
The day two of Swiggy IPO saw the company continuining to attract more investors with the price band of ₹371- ₹390. Till the close of the first day, the subscription rate stood at 12%. Here is a three-day subscription window that stands till 8th of November and has attracted a lot of investor interest into Swiggy as one of the most-watched IPOs of this season.

3. Q2 Earnings Reports from Major Companies
To fact, Mahindra & Mahindra (M&M), Rail Vikas Nigam, and Lupin among other prominent stocks will be announcing their Q2 FY24-25 quarterly results today. Investors and analysts will keenly observe the performance metrics coming through the automotive, pharmaceuticals, and infrastructure sectors. Other large companies such as Trent, Cummins India, Indian Hotels Company, NHPC, Steel Authority of India, and Emami are likely to publish Q2 quarterly results that would make for a quite interesting day in the business world.

4. Mahayuti Alliance Rallies Throughout Maharashtra
In Maharashtra, ahead of the state assembly elections, Mahayuti alliance composed of leading parties Shiv Sena under Eknath Shinde, the BJP under Devendra Fadnavis, and the Ajit Pawar faction of NCP, will hold rallies on the plank of garnering support in the country.
The rallies will utilize the popularity of Prime Minister Narendra Modi, thus illuminating the fact that there's unity in strength for this alliance in Maharashtra.

5. Chhath Puja Celebrations
Chhath Puja, one of the biggest festivals in North India, is being celebrated today. Delhi and other regions have declared holidays on this day. Today, political leaders including Uttar Pradesh Chief Minister Yogi Adityanath and BJP President JP Nadda will join Chhath celebrations in their respective states and offer prayers at local ghats. The Chhath Puja celebrations are going to attract a huge crowd and it is to be reflected through traditional rituals.

6. Bengaluru Metro Green Line Extension
A major infra upgrade for Bengaluru Metro today as the Green Line from Nagasandra to Madavara gets a 3.14-kilometer extension. The extension is expected to try and improve connectivity and reduce travel time for most Bangaloreans as a significant step towards Bangalore's metroway expansion plan.

7. AMD Ryzen 9000X3D Processor Launch
AMD is now releasing the Ryzen 9000X3D, the newest sibling from its family of Ryzen processors. The new processor comes with a 16-core CPU with 3D V-Cache and is sure to enthrall any tech enthusiast or gamer. The new Ryzen 9000 has much faster and efficient processing while boasting great compatibility with motherboards from the AM5 series.

8. Veer-Zaara To Re-Release in International Theatres
As a tribute to its legacy, the cult Bollywood movie Veer-Zaara is releasing in 600 international theaters today, including Saudi Arabia, Oman, and Qatar, among others. The movie will feature a deleted song, "Yeh Hum Aa Gaye Hai Kahan," thereby becoming a treat for all the nostalgic fans.

9. Adani Power and Bangladesh Payment Dispute
One of the major developments in the energy space is the tussle between Adani Power and the Bangladesh Power Development Board over dues. Adani has threatened to suspend power supply from its Godda plant unless the payments are cleared by today-November 7. The facility based at Jharkhand is India's only contracted facility exporting 100 percent of its output to the neighboring country and the resolution of the dispute is really crucial.