BBMP's revenue officials sealed Mantri Square mall in Malleswaram Friday morning and suspended its trade licence for failing to clear property tax dues for the past few years. Officials said the mall has accrued property tax dues of over Rs 50 crore. BBMP has sealed the mall multiple times over the past few years - the last time was on March 16.
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TBO Tek IPO Allotment: The initial public offering (IPO) of travel distribution company TBO Tek received strong demand from investors. As the subscription period of the issue has ended, investors now await TBO Tek IPO allotment which is expected to be finalised on Monday.TBO Tek IPO opened for public subscription on May 8 and closed on May 10.
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US stocks were mostly higher on Friday, with the Dow notching its eighth straight winning day. The strong gains in May come ahead of a key CPI report, set to be released on Wednesday.Fed speakers throughout the day struck a slightly hawkish tone.US stocks traded higher on Friday, securing an eight-day winning streak for the Dow Jones Industrial Average.
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