White to play. The bNa5 is weirdly placed. How can White take the best advantage of this?
This is a study by the well-known composer Steffen Nielsen. There is only one way for White to win. Can you find it? Hint: Do not underestimate Black s resources.
Black s armada of pawns look menacing, but it s not easy to push them. How did he do it?
Both kings are under heavy fire. It s Black s move here. Can he reach the finish line first?
Not at all an easy one. Black looks clearly better. White has to go into damage control mode. How do you continue as White?
United First launches the initiative to distribute 5000 sewing machines under its SDG s 2030 programme
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CBM Extra #200: The brilliancy
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Anish Giri wins Magnus Carlsen Invitational
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NEW DELHI: The IPO of Laxmi Organic was subscribed 6.05 times on the second day of the bidding process on Tuesday. The IPO was subscribed 2.28 times on the first day.
The issue received 19,68,68,270 bids as of 5:00 pm, against a total offer of 3,25,58,138 shares.
The issue is priced in the range of Rs 129-130 per share. Dealers of unlisted shares said the stock is trading at Rs 232-235 range in the grey market, meaning a premium of 81 per cent over the upper limit of the band price.
“At Rs 130, the stock is available at 48.8 times FY20 EPS. We believe valuations are on the higher side given it is a commodity business. We also believe that upcoming incremental opportunity from fluoro specialties division for three/four years forward is also largely discounted in the price and thus leaves limited opportunity on the table,” said Mitesh Shah and Dhavan Shah of ICICI Securities.